Charles Watts Engineering Limited in Warwickshire, CV22 7DH

Description

Data updated on: 01-11-2023

Charles Watts Engineering came into being in 1949 as a company enlisted under no 00466266, located at CV22 7DH Warwickshire at 94 Somers Road. It has been in business for 75 years and its last known state is active. The name of this business was replaced in the year 2000 to Charles Watts Engineering Limited. The firm previous name was Charles Watts & Sons. This enterprise's principal business activity number is 25110 and their NACE code stands for Manufacture of metal structures and parts of structures. The business latest accounts describe the period up to Friday 31st March 2023 and the latest confirmation statement was released on Tuesday 15th November 2022.

Charles Watts Engineering Limited is a small-sized vehicle operator with the licence number OD0044399. The firm has one transport operating centre in the country. In their subsidiary in Rugby , 1 machine is available.

There's a group of two directors controlling this specific limited company at the moment, namely Richard W. and Bernard W. who have been executing the directors duties since July 2018. To provide support to the directors, the limited company has been using the skills of Marion W. as a secretary for the last 21 years.

Previous company's names
Charles Watts Engineering Limited 2000-03-08
Charles Watts & Sons Limited 1949-03-26

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	66 195	163 142	2 511	2 516	148 102	111 971	108 762
Current Assets	678 473	687 203	735 201	667 391	789 846	757 756	855 735
Debtors	481 316	404 647	590 131	484 129	460 480	443 068	507 526
Net Assets Liabilities	1 611 894	1 625 386	1 616 454	1 622 263	1 624 880	1 665 368	1 744 918
Other Debtors	8 393	7 618	6 757	21 064	7 213	5 305	44 013
Property Plant Equipment	1 645 993	1 671 314	1 620 063	1 595 325	1 547 959	1 518 456	1 530 695
Total Inventories	130 962	119 414	142 559	180 746	181 263	202 717	239 447

Other Financial Data
Accumulated Amortisation Impairment Intangible Assets	765	765	765	765	765	765
Accumulated Depreciation Impairment Property Plant Equipment	1 252 089	1 349 833	1 396 142	1 482 303	1 579 441	1 621 539	1 679 800
Average Number Employees During Period			31	31	26	24	23
Bank Borrowings Overdrafts	145 805	122 690	99 454	75 112	92 874	54 858	28 926
Corporation Tax Payable	16 743	1 233	3 944	11 030	14 881	18 055	35 302
Creditors	192 780	231 195	173 562	142 258	132 662	74 122	61 324
Future Minimum Lease Payments Under Non-cancellable Operating Leases			13 406	33 316	27 447	21 577	28 578
Increase From Depreciation Charge For Year Property Plant Equipment		117 601	114 315	101 676	97 139	99 647	92 338
Intangible Assets Gross Cost	765	765	765	765	765	765
Net Current Assets Liabilities	236 868	270 577	255 314	257 265	289 904	300 117	347 999
Number Shares Issued Fully Paid		4 600	4 600
Other Creditors	46 975	108 505	74 108	67 146	39 788	19 264	32 398
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment		19 857	68 006	15 515		57 550	34 077
Other Disposals Property Plant Equipment		20 600	101 356	16 854		64 945	59 245
Other Taxation Social Security Payable	79 939	58 982	96 268	79 143	97 265	75 422	44 592
Par Value Share		1	1
Property Plant Equipment Gross Cost	2 898 082	3 021 146	3 016 204	3 077 627	3 127 399	3 139 995	3 210 495
Provisions For Liabilities Balance Sheet Subtotal	78 187	85 310	85 361	88 069	80 319	79 083	72 452
Total Additions Including From Business Combinations Property Plant Equipment		143 665	96 414	78 277	49 773	77 541	129 745
Total Assets Less Current Liabilities	1 882 861	1 941 891	1 875 377	1 852 590	1 837 861	1 818 573	1 878 694
Trade Creditors Trade Payables	239 277	229 284	184 087	204 409	292 402	279 131	357 253
Trade Debtors Trade Receivables	472 923	397 029	583 374	463 065	453 267	437 763	463 513