Top Tubes Limited in Wednesbury, WS10 0PD

Description

Data updated on: 01-11-2023

Top Tubes came into being in 1994 as a company enlisted under no 03000662, located at WS10 0PD Wednesbury at 2 Smith Road. The company has been in business for 30 years and its state is active. 29 years ago this business changed its registered name from Youngact to Top Tubes Limited. The company's Standard Industrial Classification Code is 24200, that means Manufacture of tubes, pipes, hollow profiles and related fittings, of steel. The company's most recent accounts were submitted for the period up to 2022/03/31 and the most recent annual confirmation statement was submitted on 2023/05/26.

Top Tubes Ltd is a medium-sized vehicle operator with the licence number OD1006184. The firm has one transport operating centre in the country. In their subsidiary in Wednesbury on Smith Road, 10 machines and 5 trailers are available.

On 2014-09-23, the company was employing a Class 2/1 Driver to fill a full time post in Wednesbury, Midlands. They offered an overtime with salary from £15191 to £17492 per year. The offered job position required no experience and a CSE or its equivalent. Applicants for the job were asked to or call the enterprise on the following phone number: 01215061080with job offer code T3A3L7PNSF.

The information we have that details the following company's management suggests that there are two directors: David V. and April P. who assumed their respective positions on March 14, 2023.

Previous company's names
Top Tubes Limited 1995-02-08
Youngact Limited 1994-12-12

Financial data based on annual reports

Profit & Loss
Date of Accounts	2022-03-31	2023-03-31
Currency

Balance Sheet
Cash Bank On Hand	3 703 520	432 584
Current Assets	29 612 366	33 187 040
Debtors	16 350 542	26 887 717
Net Assets Liabilities	18 409 894	25 110 629
Other Debtors	364 374	18 304
Property Plant Equipment	6 052 859	8 360 383
Total Inventories	9 558 304	5 866 739

Other Financial Data
Audit Fees Expenses	10 950	10 950
Accrued Pension Lump Sum Period End Directors	40 510
Accrued Pension Period End Directors	106 420
Company Contributions To Money Purchase Plans Directors	40 766
Director Remuneration	212 927	213 716
Dividend Recommended By Directors		240 000
Number Directors Accruing Benefits Under Money Purchase Scheme	2
Accrued Liabilities Deferred Income	4 089	4 088
Accumulated Depreciation Impairment Property Plant Equipment	4 701 720	5 201 403
Additional Provisions Increase From New Provisions Recognised		585 000
Additional Provisions Increase From New Provisions Recognised In Profit Or Loss		241
Administrative Expenses	6 339 464	6 321 514
Amounts Owed By Group Undertakings		15 145 480
Applicable Tax Rate	19	19
Average Number Employees During Period	137	146
Bank Borrowings	114 877	121 856
Bank Borrowings Overdrafts	1 329 757	1 205 774
Bank Overdrafts		4 573 648
Cash Cash Equivalents Cash Flow Value	3 703 520	-4 141 064
Cash Receipts From Government Grants	-22 819	-22 819
Comprehensive Income Expense	8 083 681	6 757 335
Consideration Received For Shares Issued Specific Share Issue		91 700
Corporation Tax Payable	1 488 337	275 000
Cost Sales	44 192 230	39 997 954
Creditors	2 709 491	2 154 465
Current Tax For Period	1 488 337	775 000
Deferred Tax Expense Credit From Unrecognised Tax Loss Or Credit	263 457	241
Deferred Tax Expense Credit Relating To Changes In Tax Rates Or Laws	167 942
Deferred Tax Liabilities	699 759	1 285 000
Depreciation Amortisation Expense	907 649	893 370
Depreciation Expense Property Plant Equipment	907 649	893 370
Disposals Decrease In Depreciation Impairment Property Plant Equipment		393 687
Disposals Property Plant Equipment		396 936
Dividends Paid	240 000	240 000
Dividends Paid Classified As Financing Activities	-240 000	-240 000
Dividends Paid On Shares Interim	240 000	240 000
Finance Lease Liabilities Present Value Total	739 768	774 741
Further Item Cash Flow From Used In Financing Activities Component Net Cash Flows From Used In Financing Activities	-22 819	-22 819
Further Item Gain Loss In Other Comprehensive Income Before Tax Component Total Other Comprehensive Income Before Tax		2 440 000
Further Item Interest Expense Component Total Interest Expense	26 620	13 449
Further Operating Expense Item Component Total Operating Expenses	12 450	16 676
Future Minimum Lease Payments Under Non-cancellable Operating Leases	157 609	85 450
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss	8 991
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables	-1 407 439	-4 251 016
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables	-3 227 671	4 608 305
Gain Loss On Disposal Assets Income Statement Subtotal	25 086	10 130
Gain Loss On Disposals Property Plant Equipment	25 086	10 130
Gross Profit Loss	16 429 438	12 093 156
Income Taxes Paid Refund Classified As Operating Activities		-1 988 337
Income Tax Expense Credit On Components Other Comprehensive Income		585 000
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation	3 466 706	-7 844 584
Increase Decrease In Stocks Inventories Finished Goods Work In Progress	2 142 735	-3 691 565
Increase From Depreciation Charge For Year Property Plant Equipment		893 370
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts	88 238	88 974
Interest Paid Classified As Operating Activities	-8 309	-13 449
Interest Payable Similar Charges Finance Costs	123 167	129 303
Issue Equity Instruments		183 400
Merchandise	9 558 304	5 866 739
Net Cash Flows From Used In Financing Activities	-103 499	15 692 334
Net Cash Flows From Used In Investing Activities	722 109	741 546
Net Cash Flows From Used In Operating Activities	-4 085 316	-8 589 296
Net Cash Generated From Operations	-4 208 483	-10 706 936
Net Current Assets Liabilities	15 766 285	20 189 711
Net Interest Received Paid Classified As Investing Activities		-9 218
Nominal Value Shares Issued Specific Share Issue		0
Number Shares Issued But Not Fully Paid		17 500
Operating Profit Loss	10 126 584	5 797 661
Other Comprehensive Income Expense Net Tax		1 855 000
Other Creditors	334 699	96 782
Other Deferred Tax Expense Credit	431 399	241
Other Interest Receivable Similar Income Finance Income		9 218
Other Operating Income Format1	36 610	26 019
Other Taxation Social Security Payable	136 921	237 446
Par Value Share		0
Payments Finance Lease Liabilities Classified As Financing Activities	432 336	-396 069
Pension Other Post-employment Benefit Costs Other Pension Costs	384 489	117 732
Prepayments Accrued Income	848 437	534 800
Proceeds From Borrowings Classified As Financing Activities		14 962 430
Proceeds From Issuing Shares		-350
Proceeds From Sales Property Plant Equipment	-177 940	-13 379
Profit Loss	8 083 681	4 902 335
Profit Loss On Ordinary Activities Before Tax	10 003 417	5 677 576
Property Plant Equipment Gross Cost	10 754 579	13 561 786
Provisions	699 759	1 285 000
Provisions For Liabilities Balance Sheet Subtotal	699 759	1 285 000
Purchase Property Plant Equipment	-900 049	-764 143
Repayments Borrowings Classified As Financing Activities	-111 656	-479 559
Social Security Costs	548 404	545 744
Staff Costs Employee Benefits Expense	6 213 174	5 778 175
Tax Decrease From Utilisation Tax Losses	230 933
Tax Expense Credit Applicable Tax Rate	1 900 649	1 078 739
Tax Increase Decrease From Changes In Tax Provisions Due To Legislation		-165 754
Tax Increase Decrease From Effect Adjustment In Research Development Tax Credit	-121 928	-96 072
Tax Increase Decrease From Effect Capital Allowances Depreciation	-78 200	-36 247
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	18 749	-7 492
Tax Increase Decrease From Other Tax Effects Tax Reconciliation		1 826
Tax Tax Credit On Profit Or Loss On Ordinary Activities	1 919 736	775 241
Total Additions Including From Business Combinations Property Plant Equipment		764 143
Total Assets Less Current Liabilities	21 819 144	28 550 094
Total Borrowings	114 877	4 695 504
Total Increase Decrease From Revaluations Property Plant Equipment		2 440 000
Total Operating Lease Payments	134 330	104 859
Trade Creditors Trade Payables	8 204 832	5 472 508
Trade Debtors Trade Receivables	15 137 731	11 189 133
Turnover Revenue	60 621 668	52 091 110
Wages Salaries	5 280 281	5 114 699