Befab Limited in Belfast, BT8 7QN

Description

Data updated on: 01-11-2023

Befab has been operating offering its services for at least thirty five years. Established under no. NI022447, the company is classified as a Private Limited Company. You can contact the headquarters of this company during business hours under the following address: 2 Beechill Business Park 96 Beechill Road Newtownbreda, BT8 7QN Belfast. The firm's SIC and NACE codes are 25990 and has the NACE code: Manufacture of other fabricated metal products n.e.c.. March 31, 2022 is the last time when company accounts were filed.

Befab Limited is a small-sized vehicle operator with the licence number ON1128637. The firm has one transport operating centre in the country. In their subsidiary in Newtownards on Lamon Estates, 5 machines and 2 trailers are available.

In order to be able to match the demands of the clients, this particular limited company is constantly directed by a body of two directors who are Mervyn E. and William R.. Their mutual commitment has been of cardinal importance to the following limited company since 2005-08-01. To support the directors in their duties, this particular limited company has been utilizing the skillset of William R. as a secretary since the appointment on 2015-10-23.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2013-03-31	2014-03-31	2015-03-31	2016-03-31	2018-03-31	2019-03-31	2020-03-31	2021-03-31	2022-03-31	2023-03-31
Currency
Net Worth	1 435 581	1 620 183	1 736 678	1 816 430

Balance Sheet
Cash Bank On Hand					1 353 180	1 633 589	1 924 886	2 518 613	2 405 861	1 345 131
Current Assets	2 475 725	2 917 220	2 206 812	2 863 060	3 903 441	3 767 120	5 354 595	5 879 799	7 789 785	7 841 699
Debtors	1 524 819	1 784 347	1 236 140	963 580	1 175 461	1 063 338	1 445 461	2 150 944	2 209 459	1 772 366
Net Assets Liabilities					2 795 437	3 226 794	3 033 255	3 597 008	4 711 739	5 410 660
Other Debtors						57 029	181 872	65 876	295 361	88 166
Property Plant Equipment					251 972	232 660	173 497	134 683	186 907	185 494
Total Inventories					1 374 800	1 070 193	1 984 248	1 210 242	3 174 465	4 724 202
Cash Bank In Hand	449 310	652 676	341 243	1 178 508
Net Assets Liabilities Including Pension Asset Liability	1 435 581	1 620 183	1 736 678	1 816 430
Stocks Inventory	501 596	480 197	629 429	720 972
Tangible Fixed Assets	325 084	479 833	480 540	458 239

Capital & Reserves
Called Up Share Capital	76	76	76	76
Profit Loss Account Reserve	1 315 481	1 500 083	1 616 578	1 696 330
Shareholder Funds	1 435 581	1 620 183	1 736 678	1 816 430

Other Financial Data
Accrued Liabilities Deferred Income									95 569	24 181
Accumulated Depreciation Impairment Property Plant Equipment					784 985	862 767	940 453	1 011 749	1 081 400	1 144 616
Additions Other Than Through Business Combinations Property Plant Equipment						77 900	18 523	52 482	161 488	61 803
Administrative Expenses									450 050	476 621
Average Number Employees During Period					28	24	26	29	30	30
Cash Cash Equivalents Cash Flow Value								2 518 613	2 405 861	1 345 131
Comprehensive Income Expense									1 529 731	958 921
Corporation Tax Payable					129 783	91 272	106 652	185 566	342 183	228 700
Corporation Tax Recoverable					1 621	1 621	1 621
Cost Sales									11 007 203	9 897 619
Creditors					98 933	83 664	48 074	12 484	3 532 752	2 924 203
Current Tax For Period									342 178	228 295
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences									8 274	-4 291
Depreciation Expense Property Plant Equipment									95 017	63 216
Depreciation Impairment Expense Property Plant Equipment									95 017	63 216
Disposals Investment Property Fair Value Model							361 204
Distribution Costs									258 022	270 507
Dividends Paid									415 000	260 000
Dividends Paid Classified As Financing Activities									-415 000	-260 000
Dividends Paid On Shares Interim									415 000	260 000
Finance Lease Liabilities Present Value Total									12 540
Finance Lease Payments Owing Minimum Gross									12 540
Fixed Assets	335 134	489 883	490 590	468 289	823 226	803 914	383 547	334 683	486 907	521 074
Further Item Cash Flow From Used In Investing Activities Component Net Cash Flows From Used In Investing Activities										-37 580
Further Item Interest Expense Component Total Interest Expense										2 722
Further Item Tax Increase Decrease Component Adjusting Items									18 053	12 297
Future Minimum Lease Payments Under Non-cancellable Operating Leases							15 257	9 154	3 051	1 974
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss									-2 737	23 776
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables									-818 121	482 526
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables									58 515	-437 093
Gain Loss In Cash Flows From Change In Inventories									1 964 223	1 549 737
Gain Loss On Disposals Property Plant Equipment									3 033	-1 509
Government Grant Income									39 644
Gross Profit Loss									2 536 897	1 895 766
Income Taxes Paid Refund Classified As Operating Activities									-185 561	-341 778
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation									112 752	1 060 730
Increase From Depreciation Charge For Year Property Plant Equipment						89 554	77 686	80 661	95 017	63 216
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts									3 043	1 393
Interest Income On Bank Deposits									172	822
Interest Income On Financial Assets Fair Value Through Profit Or Loss										37 580
Interest Income On Financial Assets That Are Not Fair Value Through Profit Or Loss									172	822
Interest Paid Classified As Operating Activities									-3 043	-4 115
Interest Payable Similar Charges Finance Costs									3 043	4 115
Interest Received Classified As Investing Activities									-172	-822
Investment Property					361 204	361 204
Investment Property Fair Value Model						361 204
Investments						210 050	210 050	200 000	300 000	335 580
Investments Fixed Assets	10 050	10 050	10 050	10 050	210 050	210 050	210 050	200 000	300 000	335 580
Investments In Group Undertakings Participating Interests						10 050	10 050
Key Management Personnel Compensation Total									228 041	221 973
Net Cash Generated From Operations									-760 777	381 807
Net Current Assets Liabilities	1 186 231	1 248 191	1 340 621	1 414 402	2 111 753	2 545 725	2 726 628	3 298 736	4 257 033	4 917 496
Net Finance Income Costs									172	38 402
Number Shares Issued But Not Fully Paid					76	76
Operating Profit Loss									1 883 054	1 148 638
Other Creditors					98 933	83 664	48 074	12 484	119 794	117 652
Other Debtors Balance Sheet Subtotal					75 142	57 029
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment						11 772		9 365	25 366
Other Disposals Property Plant Equipment						19 430		20 000	39 613
Other Interest Receivable Similar Income Finance Income									172	38 402
Other Investments Other Than Loans						200 000	200 000	200 000	300 000
Other Operating Income Format1									54 229
Other Taxation Social Security Payable					15 332	66 204	17 692	33 480	18 408	28 298
Par Value Share		1	1	1		1
Payments Finance Lease Liabilities Classified As Financing Activities									-25 889	-12 540
Pension Other Post-employment Benefit Costs Other Pension Costs									16 985	17 482
Prepayments Accrued Income									93 359	5 255
Proceeds From Sales Or Maturity Financial Assets Held For Trading Trading Investments									100 000	35 580
Proceeds From Sales Property Plant Equipment									-17 280	1 509
Profit Loss									1 529 731	958 921
Profit Loss On Ordinary Activities Before Tax									1 880 183	1 182 925
Property Plant Equipment Gross Cost					1 036 957	1 095 427	1 113 950	1 146 432	1 268 307	1 330 110
Provisions For Liabilities Balance Sheet Subtotal					40 609	39 181	28 846	23 927	32 201
Purchase Property Plant Equipment									-161 488	-61 803
Raw Materials Consumables									3 174 465	4 724 202
Social Security Costs									73 443	66 684
Staff Costs Employee Benefits Expense									881 817	864 378
Taxation Including Deferred Taxation Balance Sheet Subtotal									32 201	27 910
Tax Decrease Increase From Effect Revenue Exempt From Taxation									2 850
Tax Expense Credit Applicable Tax Rate									357 235	224 756
Tax Increase Decrease From Effect Capital Allowances Depreciation									-30 968	-9 097
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss									708	339
Tax Increase Decrease From Other Short-term Timing Differences									8 274	-4 291
Tax Tax Credit On Profit Or Loss On Ordinary Activities									350 452	224 004
Total Assets Less Current Liabilities	1 521 365	1 738 074	1 831 211	1 882 691	2 934 979	3 349 639	3 110 175	3 633 419	4 743 940	5 438 570
Total Operating Lease Payments									64 372	55 640
Trade Creditors Trade Payables					1 575 338	975 570	2 422 411	2 188 126	3 052 367	2 525 372
Trade Debtors Trade Receivables					1 098 698	1 004 688	1 261 968	2 085 068	1 914 098	1 678 945
Turnover Revenue									13 544 100	11 793 385
Wages Salaries									791 389	780 212
Company Contributions To Defined Benefit Plans Directors									3 601	3 691
Director Remuneration									82 354	80 284
Director Remuneration Benefits Including Payments To Third Parties									85 955	83 975
Creditors Due After One Year	75 052	106 658	80 348	55 692
Creditors Due Within One Year	1 289 494	1 669 029	866 191	1 448 658
Number Shares Allotted		76	76	76
Other Aggregate Reserves	48	48	48	48
Provisions For Liabilities Charges	10 732	11 233	14 185	10 569
Secured Debts	89 594	74 311
Share Capital Allotted Called Up Paid	76	76	76	76
Share Premium Account	119 976	119 976	119 976	119 976
Tangible Fixed Assets Additions		197 229	46 310	30 467
Tangible Fixed Assets Cost Or Valuation	846 914	1 044 143	1 090 453	1 104 920
Tangible Fixed Assets Depreciation	521 830	564 310	609 913	646 681
Tangible Fixed Assets Depreciation Charged In Period		42 480	45 603	52 768
Tangible Fixed Assets Depreciation Decrease Increase On Disposals				16 000
Tangible Fixed Assets Disposals				16 000