Fastline Steel Services Uk Ltd in Willenhall, WV13 3RS

Description

Data updated on: 01-11-2023

Based in G1 Strawberry Lane Industrial Estate, Strawberry Lane, Willenhall WV13 3RS Fastline Steel Services Uk Ltd is a Private Limited Company registered under the 08553719 Companies House Reg No. It has been launched eleven years ago. This firm's principal business activity number is 25110 and has the NACE code: Manufacture of metal structures and parts of structures. The firm's most recent annual accounts cover the period up to 2022-03-31 and the most recent annual confirmation statement was submitted on 2023-06-03.

Fastline Steel Services Uk Ltd is a small-sized vehicle operator with the licence number OD1144712. The firm has one transport operating centre in the country. In their subsidiary in Willenhall on Strawberry Lane Industrial Estate, 7 machines are available.

Within the business, all of director's obligations have so far been executed by Michael F. who was selected to lead the company in 2013. Since June 2013 Neil M., had been functioning as a director for this business up to the moment of the resignation two years ago.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2014-03-31	2015-03-31	2016-03-31	2017-03-31	2018-03-31	2019-03-31	2020-03-31	2021-03-31	2022-03-31	2023-03-31
Currency
Net Worth	67 355	278 443	694 194

Balance Sheet
Cash Bank On Hand			38 070	148 923	48 823	372 611	308 033	668 382	1 037 083	1 599 966
Current Assets	142 882	632 174	1 094 450	1 245 825	2 043 091	3 560 405	4 135 055	4 637 439	5 588 236	7 284 537
Debtors	111 810	505 590	549 826	471 420	918 786	2 200 144	2 519 130	2 767 921	3 229 056	4 434 566
Net Assets Liabilities			694 194	877 293	630 794	749 570	864 612	691 093	1 280 237	2 778 351
Property Plant Equipment			404 192	318 302	249 929	522 671	792 369	901 458	848 232
Total Inventories			506 554	625 482	1 075 482	987 650	1 307 892	1 201 136	1 322 097	1 250 005
Other Debtors					4 700	1 500	610	38 334	2 000	3 800
Cash Bank In Hand	31 072	20 030	38 070
Net Assets Liabilities Including Pension Asset Liability	67 355	278 443	694 194
Stocks Inventory		106 554	506 554
Tangible Fixed Assets	58 685	53 783	404 192

Capital & Reserves
Called Up Share Capital	2	2	2
Profit Loss Account Reserve	67 353	278 441	694 192
Shareholder Funds	67 355	278 443	694 194

Other Financial Data
Accumulated Depreciation Impairment Property Plant Equipment			118 977	211 224	307 871	372 671	660 668	888 226	1 114 735	125 230
Creditors			538 462	567 802	138 026	464 627	457 274	634 491	379 405	4 909 551
Disposals Decrease In Depreciation Impairment Property Plant Equipment				4 400		42 400			17 273	45 832
Disposals Property Plant Equipment				4 400		75 577			45 966	92 000
Fixed Assets	58 685	53 783	404 192	318 302	249 929
Increase From Depreciation Charge For Year Property Plant Equipment				96 647	96 647	107 200	287 997	227 558	243 782	3 429
Net Current Assets Liabilities	76 320	224 660	555 988	678 023	518 891	767 415	622 731	571 485	956 743	2 374 986
Property Plant Equipment Gross Cost			523 169	529 526	557 800	895 342	1 453 037	1 789 684	1 962 967	741 806
Total Additions Including From Business Combinations Property Plant Equipment				10 757	28 274	413 119	557 695	336 647	219 249	1 134
Total Assets Less Current Liabilities	135 005	278 443	960 180	996 325	768 820	1 290 086	1 415 100	1 472 943	1 804 975	3 372 622
Audit Fees Expenses								12 800	9 000	16 000
Accrued Liabilities					279 000	103 497	19 147	25 630	74 470	61 053
Additional Provisions Increase From New Provisions Recognised In Profit Or Loss										28 729
Administrative Expenses							1 219 181	1 408 806	1 904 605	2 116 317
Amounts Owed By Associates									317 148	527 082
Amounts Owed By Group Undertakings						54 250	79 250	106 535
Applicable Tax Rate								19	19	19
Average Number Employees During Period					45	45	55	54	63	62
Bank Borrowings							151 800	333 485	261 524	378 590
Bank Borrowings Overdrafts					138 026	151 800	172 046	333 485	204 410	141 189
Capital Commitments									344 100
Cash Cash Equivalents Cash Flow Value							308 033	668 382	1 037 083
Comprehensive Income Expense							335 042	26 481	819 144	1
Corporation Tax Payable					12 458	-142 547			65 479	-580
Cost Sales							9 284 164	11 633 958	13 571 800	15 352 555
Current Tax For Period							21 003		162 097	39 848
Depreciation Amortisation Expense							287 997	227 558	243 782	245 574
Depreciation Expense Property Plant Equipment							186 305	210 039	138 356	161 011
Dividends Paid							220 000	200 000	230 000	342 000
Dividends Paid Classified As Financing Activities							-220 000	-200 000	-230 000	-342 000
Dividends Paid On Shares Interim							220 000	200 000	230 000	342 000
Finance Lease Liabilities Present Value Total						231 840	285 228	252 606	182 841	279 020
Further Item Cash Flow From Used In Financing Activities Component Net Cash Flows From Used In Financing Activities								27 285	210 613	209 934
Further Item Gain Loss In Other Comprehensive Income Before Tax Component Total Other Comprehensive Income Before Tax										-119 999
Further Item Interest Expense Component Total Interest Expense									2 851	7 547
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss							496	-5 967	648	-534
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables							661 141	427 720	241 661	418 944
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables							-366 113	-245 308	-297 140	-931 885
Gain Loss On Disposal Assets Income Statement Subtotal									1 308	832
Gain Loss On Disposals Property Plant Equipment									1 308	832
Gross Profit Loss							1 621 349	1 378 798	2 876 525	4 048 592
Income Taxes Paid Refund Classified As Operating Activities							51 124	23 802	-2 101	-7 501
Increase Decrease Due To Transfers Between Classes Property Plant Equipment									191 621	246 347
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation							-64 578	360 349	368 701	562 883
Increase Decrease In Property Plant Equipment						389 543	194 521		55 010	300 000
Increase Decrease In Stocks Inventories Finished Goods Work In Progress							320 242	-106 756	120 961	-72 092
Interest Expense On Bank Loans Similar Borrowings							15 694	15 762	17 638	37 032
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts							13 299	23 650	23 732	26 073
Interest Paid Classified As Operating Activities							-15 694	-15 762	-20 489	-44 579
Interest Payable Similar Charges Finance Costs							28 993	39 412	44 221	70 652
Issue Equity Instruments										-1
Merchandise							1 307 892	1 201 136	1 322 097	1 250 005
Net Cash Flows From Used In Financing Activities							412 244	309 593	503 180	1 005 958
Net Cash Flows From Used In Investing Activities							339 416	-48 835	123 001	89 174
Net Cash Flows From Used In Operating Activities							-687 082	-621 107	-994 882	-1 658 015
Net Cash Generated From Operations							-664 951	-636 717	-1 041 204	-1 736 168
Net Interest Received Paid Classified As Investing Activities							-195	-47	-367	-4 971
Number Shares Issued Fully Paid						2	2	2	2	2
Operating Profit Loss							402 168	119 991	975 170	1 932 275
Other Comprehensive Income Expense Net Tax										-119 999
Other Creditors					4 432	12 942	16 004	31 476	29 827	56 442
Other Deferred Tax Expense Credit							17 325	54 145	-2 026	28 729
Other Interest Receivable Similar Income Finance Income							195	47	367	4 971
Other Operating Income Format1								149 999	3 250
Other Taxation Social Security Payable					20 833	28 920	24 718	67 106	64 460	37 873
Par Value Share						1	1	1	1	1
Payments Finance Lease Liabilities Classified As Financing Activities							-110 347	-251 533	-261 656	-215 834
Payments To Redeem Own Shares										-120 000
Pension Other Post-employment Benefit Costs Other Pension Costs							22 227	21 310	38 771	39 278
Prepayments						29 243	48 757	32 786	45 764	54 636
Proceeds From Borrowings Classified As Financing Activities								-355 000	-218 394
Proceeds From Issuing Shares										1
Proceeds From Sales Property Plant Equipment									-30 001	-47 000
Profit Loss							335 042	26 481	819 144	1 960 114
Profit Loss On Ordinary Activities Before Tax							373 370	80 626	931 316	1 866 594
Provisions							93 214	147 359	145 333	174 062
Provisions For Liabilities Balance Sheet Subtotal						75 889	93 214	147 359	145 333	174 062
Purchase Property Plant Equipment							-339 611	48 788	-153 369	-141 145
Repayments Borrowings Classified As Financing Activities							-85 741	-193 561	-85 945	-87 344
Social Security Costs									162 242	170 264
Staff Costs Employee Benefits Expense							1 492 810	1 597 704	1 968 902	1 927 380
Tax Decrease From Utilisation Tax Losses									8 467	268 664
Tax Expense Credit Applicable Tax Rate								15 319	176 950	354 653
Tax Increase Decrease From Effect Capital Allowances Depreciation								38 678	-9 538	-20 259
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss								148	1 125	2 847
Tax Tax Credit On Profit Or Loss On Ordinary Activities							38 328	54 145	112 172	-93 520
Total Borrowings								887 097	823 770	820 592
Total Current Tax Expense Credit									114 198	-122 249
Total Operating Lease Payments							127 953	118 427	129 529	26 973
Trade Creditors Trade Payables					1 027 767	2 487 890	3 256 929	3 581 334	3 633 753	4 094 748
Trade Debtors Trade Receivables					914 086	1 972 604	2 320 093	2 543 648	2 864 144	3 785 357
Turnover Revenue							10 905 513	13 012 756	16 448 325	19 401 147
Wages Salaries							1 470 583	1 576 394	1 930 131	1 717 838
Additional Provisions Increase From New Provisions Recognised								54 145	-2 026
Transfers Between P P E Classes Increase Decrease In Depreciation Impairment									76 648
Creditors Due After One Year	67 650		265 986
Creditors Due Within One Year	66 562	407 514	538 462
Tangible Fixed Assets Additions	67 650	4 063	451 456
Tangible Fixed Assets Cost Or Valuation	67 650	71 713	523 169
Tangible Fixed Assets Depreciation	8 965	17 930	118 977
Tangible Fixed Assets Depreciation Charged In Period	8 965	8 965	101 047

Company staff

Michael F.

Role: Director

Appointed: 03 June 2013

Latest update: 29 April 2024

People with significant control

Executives who have control over the firm are as follows: Michael F. has substantial control or influence over the company. Michael F. owns over 3/4 of company shares and has 3/4 to full of voting rights.

Michael F.

Notified on 6 April 2016

Nature of control:

substantial control or influence

Michael F.

Notified on 1 November 2022

Nature of control:

over 3/4 of shares

3/4 to full of voting rights

right to manage directors

Accounts Documents

Account next due date	31 December 2023
Account last made up date	31 March 2022
Confirmation statement next due date	17 June 2024
Confirmation statement last made up date	03 June 2023

Annual Accounts 17 February 2015
Start Date For Period Covered By Report	2013-06-03
End Date For Period Covered By Report	2014-03-31
Date Approval Accounts	17 February 2015
Annual Accounts 10 November 2015
Start Date For Period Covered By Report	2014-04-01
End Date For Period Covered By Report	2015-03-31
Date Approval Accounts	10 November 2015
Annual Accounts 3 November 2016
Start Date For Period Covered By Report	2015-04-01
End Date For Period Covered By Report	2016-03-31
Date Approval Accounts	3 November 2016
Annual Accounts
Start Date For Period Covered By Report	2016-04-01
End Date For Period Covered By Report	2017-03-31
Annual Accounts
Start Date For Period Covered By Report	2017-04-01
End Date For Period Covered By Report	2018-03-31
Annual Accounts
Start Date For Period Covered By Report	01 April 2018
End Date For Period Covered By Report	31 March 2019
Annual Accounts
Start Date For Period Covered By Report	01 April 2019
End Date For Period Covered By Report	31 March 2020
Annual Accounts
Start Date For Period Covered By Report	01 April 2020
End Date For Period Covered By Report	31 March 2021
Annual Accounts
Start Date For Period Covered By Report	01 April 2021
End Date For Period Covered By Report	31 March 2022
Annual Accounts
Start Date For Period Covered By Report	01 April 2022
End Date For Period Covered By Report	31 March 2023

Fastline Steel Services Uk Ltd

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

Michael F.

Neil M.

People with significant control

Michael F.

Michael F.

Accounts Documents

Company Vehicle Operator Data

Unit G1

Address

City

Postal code

No. of Vehicles

Company filings

Filing category

Search other companies

Services (by SIC Code)

Company Age

Closest Companies - by postcode