Gartec Ltd. in Aylesbury, HP19 8HL

Description

Data updated on: 01-11-2023

This Gartec Ltd. company has been in this business for at least thirty years, as it's been founded in 1994. Started with Companies House Reg No. 02898632, Gartec is a Private Limited Company with office in Unit 6 Midshires Business Park, Aylesbury HP19 8HL. The company's SIC code is 33200 meaning Installation of industrial machinery and equipment. Gartec Limited. reported its latest accounts for the financial year up to 2022-12-31. The firm's most recent confirmation statement was filed on 2023-01-11.

Having two recruitment advertisements since 5th August 2014, the enterprise has been relatively active on the job market. On 2nd December 2015, it started employing new employees for a Lift Engineer position in Aylesbury, and on 5th August 2014, for the vacant position of a administrator in Aylesbury.

We have identified 3 councils and public departments cooperating with the company. The biggest counter party of them all is the Derby City Council, with over 4 transactions from worth at least 500 pounds each, amounting to £14,701 in total. The company also worked with the Rutland County Council (3 transactions worth £888 in total) and the Devon County Council (1 transaction worth £459 in total). Gartec was the service provided to the Rutland County Council Council covering the following areas: R & M Of Plant Contracts was also the service provided to the Derby City Council Council covering the following areas: Not Applicable.

We have a group of three directors running this particular firm now, namely Karl B., Andrew H. and Martin I. who have been executing the directors tasks since 2023. In order to help the directors in their tasks, this particular firm has been utilizing the skills of Jason C. as a secretary since 2022.

Financial data based on annual reports

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

Balance Sheet
Cash Bank On Hand	890 700	1 202 993	1 637 875	1 237 738	1 111 674
Current Assets	4 312 024	5 847 765	6 931 378	7 992 596	7 576 522
Debtors	2 422 188	3 392 290	3 980 510	4 792 055	4 522 343
Other Debtors	50 195	1 700	4 806	326 015	615 104
Property Plant Equipment	806 267	785 638	743 374	685 969	605 477
Total Inventories	999 136	1 252 482	1 312 993	1 962 803	1 942 505

Other Financial Data
Audit Fees Expenses	10 500	10 700	14 000	23 000	27 025
Other Non-audit Services Fees	1 260	1 300
Taxation Compliance Services Fees	2 360	2 360
Accrued Liabilities Deferred Income	83 907	181 029	168 635	716 667	317 446
Accumulated Amortisation Impairment Intangible Assets	73 168	84 188	84 886	84 886
Accumulated Depreciation Impairment Property Plant Equipment	561 518	582 967	700 977	735 303	801 344
Additions Other Than Through Business Combinations Property Plant Equipment		174 516		110 696	72 785
Administrative Expenses	3 316 557	3 596 555	3 756 005	4 383 140	4 156 146
Amortisation Expense Intangible Assets	20 755	11 020	698
Amounts Owed By Group Undertakings	4 362	2 080	56 121	611 487	16 225
Amounts Owed To Group Undertakings	209 670	334 417	427 507	1 118 872	400 855
Average Number Employees During Period	54	57	56	62	68
Comprehensive Income Expense			-5 541	221 566
Corporation Tax Payable	46 609	100 187	18 299	13 588	99 066
Cost Sales	7 337 082	8 215 399	8 225 811	9 690 193	10 563 749
Creditors	2 956 421	4 310 868	5 357 060	6 139 307	5 225 059
Current Tax For Period	121 014	147 694	16 780	56 068	124 766
Deferred Tax Asset Debtors	40 456	39 988	35 380	47 269	33 994
Deferred Tax Expense Credit From Unrecognised Timing Difference From Prior Period				-8 511
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences	-14 481	468	4 608	-3 378	13 275
Depreciation Expense Property Plant Equipment	198 721	170 932	167 445	164 148	143 164
Dividends Paid	600 000	404 831
Dividends Paid On Shares Final	600 000	404 831
Finished Goods Goods For Resale	346 203	306 734	250 101	292 871	511 367
Fixed Assets	818 480	786 831	743 869	686 464	605 972
Further Item Deferred Expense Credit Component Total Deferred Tax Expense				-8 511
Further Item Interest Expense Component Total Interest Expense			39
Further Item Tax Increase Decrease Component Adjusting Items	1 704	16 517		-1 519	64 326
Future Minimum Lease Payments Under Non-cancellable Operating Leases				79 039	171 617
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss	2 906	-14 623	-28 441	33 277	2 372
Gain Loss On Disposals Property Plant Equipment	21 037	26 380	5 995	22 342	14 551
Government Grant Income			125 898
Gross Profit Loss	3 822 491	4 299 988	3 645 993	4 647 366	4 765 295
Increase Decrease In Current Tax From Adjustment For Prior Periods	-37 748	590		-1 519	64 326
Increase From Amortisation Charge For Year Intangible Assets		11 020
Increase From Depreciation Charge For Year Property Plant Equipment		170 932		164 148	143 164
Intangible Assets	11 718	698
Intangible Assets Gross Cost	84 886		84 886	84 886
Interest Payable Similar Charges Finance Costs	822	205
Investments	495	495	495	495	495
Investments Fixed Assets	495	495	495	495	495
Net Current Assets Liabilities	1 355 603	1 536 897	1 574 318	1 853 289	2 351 463
Operating Profit Loss	505 934	703 433	15 886	264 226
Other Creditors				36 282
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment		149 483		129 822	77 123
Other Disposals Property Plant Equipment		173 696		133 775	87 236
Other Operating Income Format1			125 898		10 900
Other Taxation Social Security Payable	394 076	511 134	963 308	116 575	163 789
Payments Received On Account	1 977 812	2 840 234	3 327 220	3 809 807	3 936 171
Pension Other Post-employment Benefit Costs Other Pension Costs	65 198	99 733	108 703	155 542	124 233
Prepayments Accrued Income	110 085	297 055	271 150	350 865	709 480
Profit Loss	436 327	554 476	-5 541	221 566	417 682
Profit Loss On Ordinary Activities Before Tax	505 112	703 228	15 847	264 226	620 049
Property Plant Equipment Gross Cost	1 367 785	1 368 605	1 444 351	1 421 272	1 406 821
Social Security Costs	254 175	241 133	272 637	306 704	349 854
Staff Costs Employee Benefits Expense	2 305 416	2 657 886	2 523 888	3 013 059	3 511 820
Tax Decrease Increase From Effect Revenue Exempt From Taxation				751
Tax Expense Credit Applicable Tax Rate	95 971	133 613	3 011	50 203	117 809
Tax Increase Decrease From Effect Different Tax Rates On Some Earnings				-11 345	1 487
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	6 177	880		87	542
Tax Tax Credit On Profit Or Loss On Ordinary Activities	68 785	148 752	21 388	42 660	202 367
Total Assets Less Current Liabilities	2 174 083	2 323 728	2 318 187	2 539 753	2 957 435
Total Current Tax Expense Credit	83 266	148 284	16 780	54 549	189 092
Total Deferred Tax Expense Credit			4 608	-11 889	13 275
Total Operating Lease Payments	2 093	2 790	3 011	19 552	56 570
Trade Creditors Trade Payables	244 347	343 867	452 091	327 516	307 732
Trade Debtors Trade Receivables	2 217 090	3 051 467	3 613 053	3 456 419	3 147 540
Turnover Revenue	11 159 573	12 515 387	11 871 804	14 337 559	15 329 044
Wages Salaries	1 986 043	2 317 020	2 142 548	2 590 813	3 037 733
Work In Progress	652 933	945 748	1 062 892	1 669 932	1 431 138
Company Contributions To Defined Benefit Plans Directors	7 806	33 333	40 000	40 000	36 850
Director Remuneration					116 791
Director Remuneration Benefits Including Payments To Third Parties	112 157	116 413	171 027	143 533