David Ritchie (implements) Limited in Forfar, DD8 3BT

Websites

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www.davidritchieimplements.com

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www.ritchie-d.co.uk

Description

Data updated on: 01-11-2023

David Ritchie (implements) started conducting its business in 1953 as a Private Limited Company registered with number: SC029454. This firm has been operating for 71 years and the present status is active. The firm's headquarters is situated in Forfar at Carseview Road. You could also find the company utilizing its zip code of DD8 3BT. This enterprise's declared SIC number is 25990 and has the NACE code: Manufacture of other fabricated metal products n.e.c.. 2022/05/31 is the last time when company accounts were filed.

David Ritchie (implements) Ltd is a small-sized vehicle operator with the licence number OD2002680. The firm has one transport operating centre in the country. In their subsidiary in Willenhall on Neachells Lane, 4 machines and 4 trailers are available.

The firm has registered two trademarks, all are valid. The first trademark was submitted in 2013 and the most recent one in 2014.

In the following company, the majority of director's responsibilities have been carried out by Andrew E., David R. and Robert R.. As for these three executives, Robert R. has been with the company for the longest period of time, having been a vital addition to company's Management Board since 1988. In order to help the directors in their tasks, this specific company has been utilizing the skills of Stewart B. as a secretary since the appointment on 2021/07/28.

Trademark UK00003072353

Trademark image:	-
Trademark name:	RITCHIE
Status:	Application Published
Filing date:	2014-09-12
Owner name:	David Ritchie (Implements) Limited
Owner address:	Carseview Road, Forfar, Angus, United Kingdom, DD8 3BT

Trademark UK00003033264

Trademark image:	-
Trademark name:	STOCK CUBE
Status:	Application Published
Filing date:	2013-12-03
Owner name:	David Ritchie (Implements) Limited
Owner address:	Carseview Road, Forfar, Angus, United Kingdom, DD8 3BT

Financial data based on annual reports

Profit & Loss
Date of Accounts	2020-05-31	2021-05-31	2022-05-31	2023-05-31
Currency

Balance Sheet
Cash Bank On Hand	1 047 391	692 741	494 428	355 251
Current Assets	5 753 668	6 306 520	7 803 334	7 260 180
Debtors	2 447 766	2 810 341	3 554 038	3 270 426
Net Assets Liabilities	6 737 881	6 762 393	6 801 571	6 596 921
Other Debtors	44 914			7 437
Property Plant Equipment	2 480 923	2 221 927	2 011 068	1 863 240
Total Inventories	2 258 511	2 803 438	3 754 868

Other Financial Data
Accrued Liabilities Deferred Income	435 053	378 420	528 709	393 083
Accumulated Amortisation Impairment Intangible Assets		-675 998	-690 374	-704 750
Accumulated Depreciation Impairment Property Plant Equipment	4 186 148	4 469 271	2 461 310	2 658 593
Additions Other Than Through Business Combinations Property Plant Equipment		125 775	111 527	73 271
Administrative Expenses		1 193 510	934 761	1 050 591
Amortisation Expense Intangible Assets		-14 376	-14 376
Average Number Employees During Period	112	104	107	112
Bank Borrowings	727 667	678 333	846 152	750 500
Bank Borrowings Overdrafts	678 334	249 011	332 017	348 267
Bank Overdrafts		183 678	230 627	243 941
Carrying Amount Under Cost Model Revalued Assets Property Plant Equipment	430 421	240 621	132 267	117 918
Cash Cash Equivalents	1 047 391	692 741	263 858	111 356
Cash Cash Equivalents Cash Flow Value		692 741	494 428	355 251
Corporation Tax Payable			142 400	86 476
Corporation Tax Recoverable	56 868	16 723	16 611	9 517
Cost Sales		10 618 270	12 646 501	11 746 954
Creditors	930 354	748 450	871 235	740 771
Current Tax For Period		-5 966	95 585	86 475
Deferred Income	24 197	23 560	23 560	23 560
Deferred Tax Asset Debtors			35 161	22 635
Deferred Tax Expense Credit From Unrecognised Timing Difference From Prior Period		2 111	-14 684	55 534
Deferred Tax Expense Credit Relating To Changes In Tax Rates Or Laws		24 326	-10 761
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences		-9 741	-57 639	-36 082
Distribution Costs		1 393 844	1 405 598	1 581 608
Finance Lease Liabilities Present Value Total	227 823	95 890	86 913	55 037
Finance Lease Payments Owing Minimum Gross	197 301	152 655	65 842	68 831
Finished Goods Goods For Resale	1 238 837	1 028 603	1 335 391	1 730 498
Fixed Assets	3 161 665	2 902 669	2 691 810	2 156 667
Further Item Deferred Expense Credit Component Total Deferred Tax Expense		2 111	-14 684	55 534
Further Item Tax Increase Decrease Component Adjusting Items		-2 963	-2 731	-2 875
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss		50	-84
Gain Loss On Disposals Property Plant Equipment		29 437	17 795
Government Grant Income			49 603
Income Taxes Paid Refund Classified As Operating Activities			53 322	-39 340
Increase Decrease In Current Tax From Adjustment For Prior Periods		-68 985	8 247	-103 059
Increase From Amortisation Charge For Year Intangible Assets			-14 376	-14 376
Increase From Depreciation Charge For Year Property Plant Equipment		354 442	322 386	220 808
Intangible Assets		-57 507	-43 131	-28 755
Intangible Assets Gross Cost		-733 505	-733 505
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings		21 030	26 297
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts		20 928	9 343
Interest Income On Bank Deposits		2 250	671	271
Interest Paid Classified As Operating Activities		-37 514	-24 987	-54 751
Interest Payable Similar Charges Finance Costs	46 537	37 514	24 987	54 751
Interest Received Classified As Investing Activities		-2 250	-671	-271
Investments	680 742	680 742	680 742	293 427
Investments Fixed Assets	680 742	680 742	680 742	293 427
Investments In Joint Ventures	30 692	30 692	30 692	30 692
Investments In Subsidiaries	650 050	650 050	650 050	262 735
Issue Equity Instruments	283 506
Net Cash Generated From Operations		94 706	205 616	-141 287
Net Current Assets Liabilities	4 597 865	4 693 860	5 018 895	5 181 025
Net Finance Income Costs	1 462	2 250	671	271
Other Cash Inflow Outflow Classified As Investing Activities	-1 462	-2 250
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment		71 319	2 330 347	23 525
Other Disposals Property Plant Equipment		101 648	2 330 347	23 816
Other Interest Receivable Similar Income Finance Income		2 250	671	271
Payments To Redeem Own Shares	-505 741
Pension Other Post-employment Benefit Costs Other Pension Costs	149 459	220 372	139 566	149 649
Percentage Class Share Held In Joint Venture		50	50
Percentage Class Share Held In Subsidiary		100	100
Prepayments Accrued Income	19 501	25 892	276 930	152 830
Proceeds From Sales Property Plant Equipment	-15 800	-54 266	-17 795	-11 166
Profit Loss	392 631	24 512	39 178	-204 650
Property Plant Equipment Gross Cost	6 667 071	6 691 198	4 472 378	4 521 833
Provisions For Liabilities Balance Sheet Subtotal	91 295	85 686	37 899
Purchase Property Plant Equipment	-47 320	-80 780	-32 524	-12 202
Raw Materials Consumables	708 009	1 228 514	1 534 661
Redemption Shares Decrease In Equity	505 741
Social Security Costs	260 982	275 896	291 640
Staff Costs Employee Benefits Expense	3 338 066	3 447 443	3 506 535	3 818 864
Taxation Including Deferred Taxation Balance Sheet Subtotal		119 900	37 899	44 825
Tax Decrease From Utilisation Tax Losses			5 416
Tax Decrease Increase From Effect Revenue Exempt From Taxation			4 876
Tax Increase Decrease From Effect Adjustment In Research Development Tax Credit		-33 046
Tax Increase Decrease From Effect Capital Allowances Depreciation		10 826	10 826	18 527
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss		6 866	6 774
Tax Tax Credit On Profit Or Loss On Ordinary Activities	-92 709	-38 206	58 014	-77 118
Total Assets Less Current Liabilities	7 759 530	7 596 529	7 710 705	7 337 692
Total Borrowings		249 011	332 017	348 267
Total Current Tax Expense Credit		-74 951	103 832	-16 584
Total Deferred Tax Expense Credit		16 696	-83 084	19 452
Trade Creditors Trade Payables	277 217	1 055 707	1 925 327	1 495 906
Trade Debtors Trade Receivables	2 108 428	2 565 818	3 308 585	3 100 454
Turnover Revenue		12 779 412	14 987 589
Wages Salaries	2 927 625	2 951 175	3 075 329	3 328 865