Cultech Ltd in Port Talbot, SA12 7BZ

Description

Data updated on: 01-11-2023

Situated at Unit 2 Christchurch Road, Port Talbot SA12 7BZ Cultech Ltd is classified as a Private Limited Company with 02908777 registration number. This firm was created on 1994-03-16. Created as Cultec, it used the name up till 1997, when it was changed to Cultech Ltd. The firm's principal business activity number is 32990, that means Other manufacturing n.e.c.. Cultech Limited reported its account information for the period that ended on 2021-12-31. The most recent annual confirmation statement was filed on 2023-03-16.

The firm owes its accomplishments and unending improvement to exactly two directors, specifically Susan P. and Nigel P., who have been running it since April 1997.

Executives who have control over the firm are as follows: Nigel P. has substantial control or influence over the company. Susan P. has substantial control or influence over the company.

Previous company's names
Cultech Ltd 1997-09-29
Cultec Limited 1994-03-16

Financial data based on annual reports

Profit & Loss
Date of Accounts	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31
Currency

Balance Sheet
Cash Bank On Hand	315 543	618 482	395 764	621 153	2 026 495	1 232 821
Current Assets	14 739 886	18 395 117	14 619 007	14 343 825	22 281 648	21 447 214
Debtors	8 240 351	9 843 854	7 916 970	7 008 662	9 940 596	10 299 580
Net Assets Liabilities	6 496 668	7 343 385	7 756 126	8 954 073	10 108 913	8 970 368
Other Debtors	1 221 829	2 664 885	1 655 651	245 182	2 279 569	630 606
Property Plant Equipment	3 421 799	4 019 462	4 000 983	4 222 540	5 066 237	5 159 516
Total Inventories	6 183 992	7 932 781	6 306 273	6 714 010	10 314 557

Other Financial Data
Audit Fees Expenses	12 000	12 000	12 000	12 400	12 900	16 500
Accrued Liabilities Deferred Income	1 250 517	2 067 058	2 276 618	1 421 832	2 396 496	2 604 229
Accumulated Amortisation Impairment Intangible Assets	536 837	536 837	536 837	536 837	536 837
Accumulated Depreciation Impairment Property Plant Equipment	3 362 124	4 067 100	4 876 672	5 713 960	6 867 266	8 041 882
Additions Other Than Through Business Combinations Property Plant Equipment		1 302 639	813 356	1 246 509	2 000 180	1 272 895
Administrative Expenses	10 335 751	11 771 771	12 117 045	14 070 813	14 553 564	16 584 093
Amounts Owed By Group Undertakings	2 121 340	2 115 406	2 557 803	2 390 737	2 148 330	2 409 533
Amounts Owed To Group Undertakings				11 517
Average Number Employees During Period			250	263	288	310
Bank Borrowings	650 248	295 909	43 389	933 756	886 025	835 755
Bank Borrowings Overdrafts	304 978	44 475	43 389	886 025	835 755	782 944
Bank Overdrafts	183 033
Carrying Amount Under Cost Model Revalued Assets Property Plant Equipment	378 896	800 422	622 679	633 428	1 030 667	1 289 498
Cash Cash Equivalents Cash Flow Value	132 510	618 482	395 764	621 153	2 026 495	1 232 821
Corporation Tax Recoverable			111 056	111 056	237 200	738 139
Cost Sales	19 773 194	24 110 954	19 699 481	22 267 876	21 840 652	25 872 257
Creditors	435 775	543 924	541 572	1 747 359	2 062 950	1 810 527
Current Tax For Period			-111 056		-237 200	-477 732
Deferred Tax Asset Debtors				102 788	138 025	59 521
Deferred Tax Expense Credit From Unrecognised Timing Difference From Prior Period		2 552				148 704
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences	25 525	2 552	-42 719	-48 601	159 539	137 272
Depreciation Expense Property Plant Equipment	382 052	90 639	177 743	664 762
Depreciation Impairment Expense Property Plant Equipment		704 976	830 515	958 477	1 156 065	1 177 116
Dividends Paid	300 000		115 000	66 000	400 000
Dividends Paid Classified As Financing Activities	-300 000		-115 000	-66 000	-400 000
Dividends Paid On Shares Final			115 000	66 000	400 000
Finance Lease Liabilities Present Value Total	130 797	415 227	531 016	481 209	810 357	836 677
Finance Lease Payments Owing Minimum Gross	232 433	611 336	786 050	728 170	1 228 051	1 319 232
Finished Goods Goods For Resale	1 349 490	1 592 695	1 194 173	758 320	1 574 015	2 141 644
Further Item Cash Flow From Used In Financing Activities Component Net Cash Flows From Used In Financing Activities	26 057	354 339	252 520	-960 000	47 731	50 270
Further Item Deferred Expense Credit Component Total Deferred Tax Expense						148 704
Further Item Tax Increase Decrease Component Adjusting Items			-78 177	13 874	10 356	-64 400
Future Minimum Lease Payments Under Non-cancellable Operating Leases		56 091	32 055	9 576	8 457	31 661
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss	39 268	-175 566	-96 439	158 455	-52 970	-543 722
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables		-3 411 205	4 013 140	2 464 579	-6 636 059	-418 318
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables		1 603 503	-2 037 940	-1 011 096	2 770 553	-172 204
Gain Loss In Cash Flows From Change In Inventories		1 748 789	-1 626 508	407 737	3 600 547	-399 744
Gain Loss On Disposals Property Plant Equipment	1 340			-31 361	210
Government Grant Income				107 798	32 999
Gross Profit Loss	11 224 612	12 887 638	12 775 577	15 514 363	16 407 107
Income From Related Parties		10 265 556	8 892 293	8 573 225	7 880 705	3 202 419
Income Taxes Paid Refund Classified As Operating Activities	7 957				111 056
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation		-485 972	222 718	-225 389	-1 405 342
Increase Decrease In Current Tax From Adjustment For Prior Periods						-23 207
Increase From Depreciation Charge For Year Property Plant Equipment		704 976	830 515	958 477	1 156 065	1 177 116
Intangible Assets Gross Cost	536 837	536 837	536 837	536 837	536 837
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings	57 580	87 888	119 216	166 461	201 768
Interest Expense On Debt Securities In Issue Other Similar Loans	151 976	163 027	127 741	127 081	139 619	288 675
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts	11 781	15 683	37 754	42 460	67 976
Interest Payable Similar Charges Finance Costs	221 337	266 598	284 711	336 002	409 363	695 246
Net Cash Flows From Used In Financing Activities		379 254	629 843	-856 284	388 412
Net Cash Flows From Used In Investing Activities		747 932	448 664	974 859	1 215 295
Net Cash Flows From Used In Operating Activities		-1 613 158	-855 788	-343 964	-3 009 049	-816 274
Net Cash Generated From Operations		-1 879 756	-1 140 499		-3 307 356	-1 511 520
Net Current Assets Liabilities	3 775 498	4 135 253	4 521 402	6 757 766	7 579 276	6 302 501
Net Interest Paid Received Classified As Operating Activities	-221 337	-266 598	-284 711	-336 002	-409 363	-695 246
Operating Profit Loss	958 469	1 115 867	658 677	1 551 348	1 886 542
Other Creditors	3 267 304	5 649 619	3 986 596	3 030 796	7 615 100	7 587 326
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment			20 943	121 189	2 759	2 500
Other Disposals Property Plant Equipment			22 263	187 664	3 177	5 000
Other Operating Income Format1	69 608		145	107 798	32 999	46 379
Other Remaining Borrowings		150 889	77 223	403 556	747 251	477 940
Other Taxation Social Security Payable	122 020	144 018	267 707	329 785	209 647	308 227
Payments Finance Lease Liabilities Classified As Financing Activities		-175 803	-188 656	-294 415	-284 376	-448 481
Pension Other Post-employment Benefit Costs Other Pension Costs	176 367	147 437	206 825	232 231	274 097	337 747
Prepayments Accrued Income	198 436	226 149	233 231	270 346	275 046	315 366
Proceeds From Borrowings Classified As Financing Activities		-200 000		-400 000	-400 000
Proceeds From Sales Or Maturity Financial Assets Other Than Trading Investments	-32 829
Proceeds From Sales Property Plant Equipment	-2 000	-1	-1 322	-35 114	-628	-100
Profit Loss	711 607	846 717	527 741	1 263 947	1 554 840	-1 138 545
Profit Loss On Ordinary Activities Before Tax	737 132	849 269	373 966	1 215 346	1 477 179	-1 353 508
Property Plant Equipment Gross Cost	6 783 923	8 086 562	8 877 655	9 936 500	11 933 503	13 201 398
Provisions For Liabilities Balance Sheet Subtotal	264 854	267 406	224 687
Purchase Other Long-term Assets Classified As Investing Activities						-108 753
Purchase Property Plant Equipment	-1 029 423	-747 933	-449 986	-1 009 973	-1 215 923	-733 233
Raw Materials Consumables	3 867 021	5 209 706	4 087 641	5 145 696	7 639 492
Repayments Borrowings Classified As Financing Activities					-56 305	-269 311
Social Security Costs	419 395	498 287	556 340	664 387	764 808
Staff Costs Employee Benefits Expense	5 849 136	6 350 245	7 009 130	8 346 780	9 141 065	10 504 828
Taxation Including Deferred Taxation Balance Sheet Subtotal	264 854	267 406	224 687	278 874	473 650	681 122
Tax Decrease Increase From Effect Revenue Exempt From Taxation				9 614
Tax Expense Credit Applicable Tax Rate		161 361	71 054	230 916	280 664	-257 167
Tax Increase Decrease Arising From Group Relief Tax Reconciliation	-885					147 090
Tax Increase Decrease From Effect Adjustment In Research Development Tax Credit	-153 850	-191 317	-170 606	-293 907	-392 955	-209 888
Tax Increase Decrease From Effect Capital Allowances Depreciation	11 678	23 564
Tax Increase Decrease From Effect Different Tax Rates On Some Earnings					-81 120	32 945
Tax Increase Decrease From Effect Different U K Tax Rates On Some Earnings	3 002
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	25 525	6 392	23 954	10 130		10 960
Tax Tax Credit On Profit Or Loss On Ordinary Activities	25 525	2 552	-153 775	-48 601	-77 661	-214 963
Total Assets Less Current Liabilities	7 197 297	8 154 715	8 522 385	10 980 306	12 645 513	11 462 017
Total Borrowings	304 978	446 798	120 612	1 337 312	1 633 276	1 313 695
Total Current Tax Expense Credit					-237 200	-500 939
Total Deferred Tax Expense Credit					159 539	285 976
Total Operating Lease Payments	185 735	217 352	235 879	222 248	303 682
Trade Creditors Trade Payables	5 694 608	5 884 959	3 201 594	2 474 006	3 682 752	3 822 531
Trade Debtors Trade Receivables	4 698 746	4 837 414	3 359 229	3 888 553	4 862 426	6 146 415
Transfers To From Non-current Assets Or Disposal Groups Held For Sale Property Plant Equipment		-234 947	-5 198		24 421	-1 061 657
Turnover Revenue	30 997 806	36 998 592	32 475 058	37 782 239	38 247 759
Wages Salaries	5 253 374	5 704 521	6 245 965	7 450 162	8 102 160	9 258 352
Work In Progress		1 130 380	1 024 459	809 994	1 101 050
Company Contributions To Defined Benefit Plans Directors	80 000	4 000	4 000
Director Remuneration			15 392
Director Remuneration Benefits Including Payments To Third Parties		19 392	19 392