Abel Magnets Limited in Sheffield, S8 0TB

Description

Data updated on: 01-11-2023

Registered with number 03671776 twenty six years ago, Abel Magnets Limited was set up as a Private Limited Company. The business active office address is C/o Henry Bramall & Co Ltd Unit 8, Acorn Business Park, Woodseats Close Sheffield. This company's principal business activity number is 32990 which stands for Other manufacturing n.e.c.. The business most recent annual accounts were submitted for the period up to 2023/03/31 and the most recent annual confirmation statement was released on 2023/05/09.

Council Hampshire County Council can be found among the counter parties that cooperate with the company. In 2011, this cooperation amounted to at least 897 pounds of revenue. Cooperation with the Hampshire County Council council covered the following areas: Production Of Exhibitions.

In order to be able to match the demands of their client base, the firm is permanently being improved by a team of four directors who are, to enumerate a few, Nathan D., John B. and Mark B.. Their support has been of crucial use to the firm since June 2021. To provide support to the directors, this particular firm has been utilizing the expertise of Paul S. as a secretary since November 1998.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2017-03-31	2018-03-31	2019-03-31	2020-03-31	2021-03-31	2022-03-31	2023-03-31
Currency

Balance Sheet
Cash Bank On Hand	475 761	521 362	500 586	570 639	720 684	705 104	558 634
Current Assets	953 414	931 699	1 002 064	1 049 530	1 268 206	1 424 009	1 377 945
Debtors	226 281	198 273	252 162	235 810	284 473	434 254	373 847
Net Assets Liabilities	814 206	816 046	838 938	894 889	1 015 958	1 137 909	1 196 369
Other Debtors	13 185	13 998	17 730	18 036	17 300	20 645	27 560
Property Plant Equipment	43 871	35 340	26 100	21 557	17 812	53 591	55 713
Total Inventories	251 372	212 064	249 316	243 081	263 049	284 651	445 464

Other Financial Data
Accumulated Amortisation Impairment Intangible Assets		28 922	28 922	28 922	28 922	28 922	28 922
Accumulated Depreciation Impairment Property Plant Equipment	223 701	235 182	247 692	249 235	239 110	231 068	236 946
Average Number Employees During Period	7	7	8	8	8	9	9
Corporation Tax Payable	11 448	5 879	11 720	14 218	36 394	31 387	20 159
Creditors	182 718	150 062	188 693	176 062	270 060	319 972	220 149
Depreciation Rate Used For Property Plant Equipment		10	10	10	10	10	10
Disposals Decrease In Depreciation Impairment Property Plant Equipment		4 000		3 000	13 870	12 865	5 995
Disposals Property Plant Equipment		4 000		3 000	13 870	13 751	5 995
Fixed Assets	43 871	35 340	26 100	21 557	17 812	53 591	55 713
Future Minimum Lease Payments Under Non-cancellable Operating Leases					33 000	33 000	33 000
Increase From Depreciation Charge For Year Property Plant Equipment		15 481	12 510	4 543	3 745	4 823	11 873
Intangible Assets Gross Cost	28 922	28 922	28 922	28 922	28 922	28 922	28 922
Net Current Assets Liabilities	770 696	781 637	813 372	873 468	998 146	1 104 037	1 157 796
Other Creditors	91 893	80 267	83 895	82 344	100 100	108 554	82 659
Other Taxation Social Security Payable	20 423	24 048	23 568	38 405	69 452	72 093	74 520
Property Plant Equipment Gross Cost	267 572	270 522	273 792	270 792	256 922	284 659	292 659
Provisions For Liabilities Balance Sheet Subtotal	361	931	533	136		4 311	4 010
Total Additions Including From Business Combinations Property Plant Equipment						41 488	13 995
Total Assets Less Current Liabilities	814 567	816 977	839 471	895 025	1 015 958	1 157 628	1 213 509
Trade Creditors Trade Payables	58 954	39 868	69 510	41 095	64 114	107 938	42 811
Trade Debtors Trade Receivables	213 096	184 275	234 432	217 774	267 173	413 609	346 287
Advances Credits Directors	2 474	2 439	2 635	2 321	1 248	3 024
Advances Credits Made In Period Directors	2 474	2 439	2 635	2 321	1 248
Advances Credits Repaid In Period Directors		2 474	2 439	2 635	2 321