Formrite Precision Limited in Coventry, CV1 4PB

Description

Data updated on: 01-11-2023

The Formrite Precision Limited company has been operating in this business for eighteen years, as it's been founded in 2006. Started with registration number 05803087, Formrite Precision is categorised as a Private Limited Company with office in Cash's Business Centre 1st Floor, Coventry CV1 4PB. The company is recognized as Formrite Precision Limited. However, this company also was registered as Trac Formrite up till the company name was changed fifteen years ago. The firm's classified under the NACE and SIC code 28490 and has the NACE code: Manufacture of other machine tools. Formrite Precision Ltd reported its latest accounts for the financial period up to December 31, 2022. The firm's latest annual confirmation statement was filed on May 3, 2023.

On Fri, 13th Apr 2018, the enterprise was searching for a Delivery Driver/Labourer to fill a full time vacancy in the engeneering in Walsall, Midlands. They offered an overtime with salary £19500 per year.

Paula B. and Adam B. are listed as enterprise's directors and have been cooperating as the Management Board since Wednesday 30th September 2020.

Previous company's names
Formrite Precision Limited 2009-02-11
Trac Formrite Limited 2006-05-03

Financial data based on annual reports

Profit & Loss
Date of Accounts	2014-06-30	2015-06-30	2016-06-30	2017-06-30	2018-06-30	2019-06-30	2020-06-30	2020-12-31	2021-12-31	2022-12-31
Currency
Net Worth	230 327	338 452	346 123

Balance Sheet
Cash Bank In Hand	14 932	46 942	19 799
Cash Bank On Hand			19 799	86 855	62 014	8 971	9 291	237 673	22 160	52 411
Current Assets	638 400	649 369	754 231	832 436	863 509	678 082	759 625	1 136 823	1 168 534	2 495 831
Debtors	521 162	417 071	519 943	567 619	552 429	476 432	509 927	769 545	999 477	2 194 314
Net Assets Liabilities			326 123	474 647	477 734	461 198	533 330	503 938	383 462	690 157
Net Assets Liabilities Including Pension Asset Liability	230 327	338 452	346 123
Property Plant Equipment			693 616	790 957	795 517	755 285	708 249	170 839	149 643	234 821
Stocks Inventory	102 306	185 356	214 489
Tangible Fixed Assets	145 017	694 356	693 616
Total Inventories			214 489	177 962	249 066	192 679	240 407	129 605	146 897	249 106
Other Debtors							2 533	522 312	489 312	522 312

Capital & Reserves
Called Up Share Capital	2	2	2
Profit Loss Account Reserve	230 325	232 410	240 081
Shareholder Funds	230 327	338 452	346 123

Other Financial Data
Accumulated Depreciation Impairment Property Plant Equipment			209 514	261 662	334 464	398 847	454 096	426 506	449 484	476 193
Additional Provisions Increase From New Provisions Recognised					4 384
Additional Provisions Increase From New Provisions Recognised In Profit Or Loss				15 300		-19 498	-6 629
Amounts Owed By Group Undertakings			105 675	105 675	105 675	111 078	111 078
Average Number Employees During Period				26	29	27	25	16	18	22
Bank Borrowings Overdrafts			317 574	294 911	273 271	273 906	233 081	250 000	250 000	306 096
Creditors			341 187	382 094	320 839	331 486	254 901	268 567	250 541	306 096
Creditors Due After One Year	10 140	337 791	341 187
Creditors Due Within One Year	517 550	643 982	736 837
Disposals Decrease In Depreciation Impairment Property Plant Equipment				1 277		329		56 500
Disposals Property Plant Equipment				1 900		630		565 000
Dividends Paid				52 000	57 300	47 300	66 755
Finance Lease Liabilities Present Value Total				80 238	47 568	27 580	11 820	18 567	541
Fixed Assets	145 017	694 356
Increase Decrease In Property Plant Equipment				129 534
Increase From Depreciation Charge For Year Property Plant Equipment				53 425	72 802	64 712	55 249	28 910	22 978	26 709
Intangible Fixed Assets Aggregate Amortisation Impairment	34 000
Intangible Fixed Assets Cost Or Valuation	34 000
Net Current Assets Liabilities	120 850	5 387	17 394	124 784	66 440	81 285	117 239	638 923	521 617	798 689
Number Shares Allotted		2	2
Number Shares Issued Fully Paid				2	2	2	2
Other Creditors			23 613	6 945	61 606	30 000	10 000	8 400	10 400	2 000
Other Taxation Social Security Payable			67 610	99 056	53 212	60 688	138 772	255 203	51 981	126 594
Par Value Share		1	1	1	1	1	1
Payments Received On Account			307 267	331 259	377 668	303 277	204 794	195 503	381 088	957 966
Profit Loss				200 524	60 387	30 764	138 887
Property Plant Equipment Gross Cost			903 130	1 052 619	1 129 981	1 154 132	1 162 345	597 345	599 127	711 014
Provisions			43 700	59 000	63 384	43 886	37 257
Provisions For Liabilities Balance Sheet Subtotal			43 700	59 000	63 384	43 886	37 257	37 257	37 257	37 257
Provisions For Liabilities Charges	25 400	23 500	23 700
Revaluation Reserve		106 040	106 040
Share Capital Allotted Called Up Paid	2	2	2
Tangible Fixed Assets Additions		548 711	38 423
Tangible Fixed Assets Cost Or Valuation	309 006	864 707	903 130
Tangible Fixed Assets Depreciation	163 989	170 351	209 514
Tangible Fixed Assets Depreciation Charged In Period		30 412	39 163
Tangible Fixed Assets Depreciation Decrease Increase On Disposals		24 050
Tangible Fixed Assets Disposals		24 050
Tangible Fixed Assets Increase Decrease From Revaluations		106 040
Total Additions Including From Business Combinations Property Plant Equipment				151 389	77 362	24 781	8 213		1 782	111 887
Total Assets Less Current Liabilities	265 867	699 743	711 010	915 741	861 957	836 570	825 488	809 762	671 260	1 033 510
Trade Creditors Trade Payables			187 308	127 987	225 701	151 826	221 329	38 794	203 448	610 582
Trade Debtors Trade Receivables			414 268	461 944	446 754	365 354	396 316	247 233	510 165	1 672 002