E C Drummond (agriculture) Ltd in Ross On Wye, HR9 7TF

Description

Data updated on: 01-11-2023

Registered as 00715017 sixty two years ago, E C Drummond (agriculture) Ltd is categorised as a Private Limited Company. The firm's current registration address is The Homme, Hom Green, Ross On Wye. Launched as Farming Land, the firm used the business name up till 2010-12-07, then it was changed to E C Drummond (agriculture) Ltd. The firm's SIC and NACE codes are 1130, that means Growing of vegetables and melons, roots and tubers. 2022-12-31 is the last time company accounts were reported.

From the data we have, this company was started in February 1962 and has been managed by seven directors, and out this collection of individuals five (Alun H., Samuel D., Eric D. and 2 others listed below) are still in the management. In order to find professional help with legal documentation, this company has been using the skills of Eric D. as a secretary.

Executives who have control over the firm are as follows: Susanna D. has 1/2 or less of voting rights. Eric D. owns over 3/4 of company shares and has over 1/2 to 3/4 of voting rights.

Previous company's names
E C Drummond (agriculture) Ltd 2010-12-07
Farming Land Limited 1962-02-09

Financial data based on annual reports

Profit & Loss
Date of Accounts	2017-12-31	2018-12-31
Currency

Balance Sheet
Cash Bank On Hand	464 026	184 659
Debtors	2 395 928	3 252 846
Other Debtors	132 481	95 898
Property Plant Equipment	14 343 631	13 229 189
Total Inventories	806 360	792 951

Other Financial Data
Audit Fees Expenses	15 000	15 000
Accumulated Amortisation Impairment Intangible Assets	634 000
Accumulated Depreciation Impairment Property Plant Equipment	6 622 899	8 180 152
Additions Other Than Through Business Combinations Property Plant Equipment		743 733
Administration Support Average Number Employees	5	5
Administrative Expenses	2 552 031	2 912 597
Amortisation Expense Intangible Assets	165 961
Amounts Owed By Related Parties	164 130	794 946
Applicable Tax Rate	19	19
Average Number Employees During Period	179	183
Balances With Banks	454 376	180 347
Bank Borrowings	6 800 513	6 492 829
Bank Borrowings Overdrafts		-39 908
Bank Overdrafts		39 908
Capital Commitments	59 400	42 595
Carrying Amount Property Plant Equipment Pledged As Security For Liabilities	4 809 634	3 782 001
Cash Cash Equivalents	464 026	184 659
Cash Cash Equivalents Cash Flow Value	-720 841	464 026
Cash On Hand	9 650	4 312
Comprehensive Income Expense	1 041 600	-1 152
Contingent Rents On Operating Leases Recognised As Income		60 870
Corporation Tax Payable	447 216	190 779
Cost Inventories Recognised As Expense Net Write Downs Reversals	957 315	1 068 600
Cost Sales	26 494 227	26 852 932
Creditors	9 224 107	8 512 744
Current Tax For Period	388 002	190 779
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences	-23 729	-18 795
Deferred Tax Liabilities	192 825	174 030
Depreciation Amortisation Expense	2 662 339	2 348 216
Depreciation Expense Property Plant Equipment	1 827 274	1 776 202
Disposals Decrease In Depreciation Impairment Property Plant Equipment		-218 949
Disposals Property Plant Equipment		-300 922
Dividends Paid	-20 000	-20 000
Dividends Paid Classified As Financing Activities	-20 000	-20 000
Finance Lease Liabilities Present Value Total	430 761	1 149 985
Finance Lease Payments Owing Minimum Gross	3 342 685	3 128 684
Financial Assets	1 917 892	2 886 352
Financial Liabilities	10 092 119	10 678 746
Further Revenue Item Component Total Revenue	178 870	179 087
Future Minimum Lease Payments Under Non-cancellable Operating Leases	907 588	1 266 124
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables	-517 509	-463 719
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables	684 560	856 918
Gain Loss In Cash Flows From Change In Inventories	121 750	-13 409
Gain Loss On Disposals Property Plant Equipment	227 656	50 744
Gross Profit Loss	4 191 089	3 143 642
Income Taxes Paid Refund Classified As Operating Activities	108 253	387 061
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation	1 184 867	-319 275
Increase Decrease In Current Tax From Adjustment For Prior Periods		-60 155
Increase From Depreciation Charge For Year Property Plant Equipment		1 776 202
Intangible Assets Gross Cost	634 000
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings	183 245	227 466
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts	130 513	122 371
Interest Paid Classified As Financing Activities	-313 758	-349 837
Interest Paid Classified As Operating Activities	313 758	349 837
Interest Payable Similar Charges Finance Costs	313 758	349 837
Minimum Lease Payments Receivable Under Non-cancellable Operating Leases		556 528
Minimum Operating Lease Payments Recognised As Expense	172 524	266 862
Net Cash Flows From Used In Financing Activities	2 536 970	-1 961 518
Net Cash Flows From Used In Investing Activities	-5 088 289	-87 916
Net Cash Flows From Used In Operating Activities	3 736 186	1 730 159
Net Cash Generated From Operations	3 844 439	2 117 220
Net Cash Inflow Outflow From Operations Before Movements In Working Capital	4 154 314	2 757 986
Number Shares Issued Fully Paid	25 100	25 100
Operating Profit Loss	1 719 631	460 514
Other Creditors	20 627	41 746
Other Operating Income Format1	80 573	229 469
Other Payables Accrued Expenses	1 227 997	2 023 929
Other Remaining Operating Income	80 573	229 469
Other Revenue	15 765	17 552
Par Value Share		1
Payments Finance Lease Liabilities Classified As Financing Activities	-1 124 171	-1 284 770
Pension Costs Defined Contribution Plan	15 004	26 630
Prepayments	403 940	472 255
Proceeds From Sales Property Plant Equipment	395 730	132 716
Production Average Number Employees	174	178
Production Supplies	495 488	331 683
Profit Loss	1 041 600	-1 152
Profit Loss On Ordinary Activities Before Tax	1 405 873	110 677
Property Plant Equipment Gross Cost	20 966 530	21 409 341
Provisions For Liabilities Balance Sheet Subtotal	192 825	174 030
Purchase Property Plant Equipment	-4 948 670	-4 798
Raw Materials Consumables	310 872	461 268
Revenue From Rendering Services	1 156 607	1 232 265
Revenue From Sale Goods	29 334 074	28 567 670
Social Security Costs	284 390	332 402
Staff Costs Employee Benefits Expense	3 775 719	4 212 414
Taxation Social Security Payable	40 438	60 443
Tax Expense Credit Applicable Tax Rate	270 630	21 028
Tax Increase Decrease From Other Tax Effects Tax Reconciliation	93 643	90 801
Tax Tax Credit On Profit Or Loss On Ordinary Activities	364 273	111 829
Total Borrowings	8 646 396	7 971 237
Total Operating Lease Payments	26 000	26 000
Trade Creditors Trade Payables	1 831 062	1 493 929
Trade Debtors Trade Receivables	1 695 377	1 889 747
Turnover Revenue	30 685 316	29 996 574
Wages Salaries	3 476 325	3 853 382
Number Directors Accruing Benefits Under Money Purchase Scheme	2	2