Giant Precision Limited in London, WC1V 6LJ

Description

Data updated on: 01-11-2023

Giant Precision came into being in 2004 as a company enlisted under no 05075056, located at WC1V 6LJ London at Fourth Floor. This company has been in business for 20 years and its state is active. This company's SIC code is 70229, that means Management consultancy activities other than financial management. Giant Precision Ltd filed its latest accounts for the financial period up to 2022-05-31. The business latest confirmation statement was released on 2023-09-07.

Given the enterprise's growing number of employees, it became necessary to appoint other company leaders, among others: Selina R., Michael H., Scott P. who have been participating in joint efforts since June 2018 to promote the success of this specific company.

Matthew B. is the individual who controls this firm, has substantial control or influence over the company, owns over 3/4 of company shares and has 3/4 to full of voting rights.

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	891 593	751 793	4 121 792	6 106 956
Current Assets	7 645 329	2 771 357	6 397 690	7 298 581
Debtors	6 753 736	2 019 564	2 275 898	1 191 625
Net Assets Liabilities	1 978 340	1 353 183	2 109 315	2 831 029
Other Debtors	1 934 967	197 060	81 567	72 585
Property Plant Equipment	254 816	173 583	329 847	342 950

Other Financial Data
Accrued Liabilities Deferred Income	301 863	352 976	4 002 130	5 648 240
Accumulated Amortisation Impairment Intangible Assets	174 000	580 000	580 000	580 000
Accumulated Depreciation Impairment Property Plant Equipment	1 271 848	1 434 052	1 594 726	1 418 255
Additions Other Than Through Business Combinations Intangible Assets				252 384
Additions Other Than Through Business Combinations Property Plant Equipment		80 971	316 938	172 193
Administrative Expenses			5 961 148	6 072 796
Amortisation Expense Intangible Assets		58 000
Amounts Owed To Group Undertakings	3 236 024	75 411	224 137	418 958
Average Number Employees During Period	60	45	51	59
Cash Cash Equivalents	17 155 290	19 015 198	21 527 380	27 556 688
Comprehensive Income Expense		979 035	1 036 081	2 668 012
Corporation Tax Payable	269 236	238 926	32 239	184 637
Corporation Tax Recoverable		13 413
Cost Sales			233 011 131	276 579 881
Creditors	6 285 022	1 558 905	4 542 268	4 915 967
Current Tax For Period		301 107	394 134	630 455
Deferred Tax Asset Debtors		16 793	23 812	47 191
Deferred Tax Expense Credit From Unrecognised Tax Loss Or Credit		-254
Deferred Tax Expense Credit From Unrecognised Timing Difference From Prior Period				-3 366
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences		22 177	34 740	45 811
Dividends Paid Classified As Financing Activities	-891 000	-1 400 024		-2 150 052
Fixed Assets	661 923	174 890	331 154	591 500
Further Item Deferred Expense Credit Component Total Deferred Tax Expense				-3 366
Further Item Operating Income Gain Income Statement Item Component Operating Profit Loss			-1 900 368	-14 866
Further Item Tax Increase Decrease Component Adjusting Items		-4 500	-8 815	-3 837
Gain Loss Due To Foreign Exchange Differences Before Tax In Other Comprehensive Income		-4 414	70 887	-208 987
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss		-30 787	-28 302	-30 103
Government Grant Income		3 389 232
Impairment Loss Intangible Assets		348 000
Income Taxes Paid Refund Classified As Operating Activities		-309 037	-602 759	-504 872
Increase Decrease In Cash Cash Equivalents From Foreign Exchange Differences		-4 414
Increase Decrease In Current Tax From Adjustment For Prior Periods		16 429	11 963	-18 205
Increase From Amortisation Charge For Year Intangible Assets		58 000		5 142
Increase From Depreciation Charge For Year Property Plant Equipment		162 204	160 674	159 090
Increase From Impairment Loss Recognised In Profit Or Loss Intangible Assets		348 000
Intangible Assets	406 000			247 242
Intangible Assets Gross Cost	580 000	580 000	580 000	580 000
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts		153 130	156 288
Interest Paid Classified As Operating Activities		-300	-300
Interest Payable Similar Charges Finance Costs		300	300
Interest Received Classified As Investing Activities			-374	-381 209
Investments Fixed Assets	1 107	1 307	1 307	1 308
Investments In Subsidiaries	1 107	1 307	1 307	1 308
Net Cash Generated From Operations		-3 855 776
Net Finance Income Costs			374	381 209
Other Creditors	1 583 085	2 931 923	2 849 008	3 403 423
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment				335 561
Other Disposals Property Plant Equipment				335 561
Other Interest Receivable Similar Income Finance Income			374	381 209
Pension Other Post-employment Benefit Costs Other Pension Costs	62 744	47 872	52 467	59 695
Percentage Class Share Held In Subsidiary		100	100
Prepayments Accrued Income	2 075 370	275 379	728 537	747 422
Profit Loss	1 333 822	774 867	756 132	2 871 766
Property Plant Equipment Gross Cost	1 526 664	1 607 635	1 924 573	1 761 205
Social Security Costs	226 386	182 186	216 207
Staff Costs Employee Benefits Expense	2 567 736	2 134 603	2 216 827	2 454 718
Taxation Including Deferred Taxation Balance Sheet Subtotal	43 890	34 159	77 261	143 085
Tax Decrease Increase From Effect Revenue Exempt From Taxation				21 849
Tax Increase Decrease From Effect Capital Allowances Depreciation			-18 066	-6 209
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss		3 262	178 555	97 273
Tax Tax Credit On Profit Or Loss On Ordinary Activities		339 713	440 837	654 695
Total Current Tax Expense Credit		317 536	406 097	612 250
Total Deferred Tax Expense Credit			34 740	42 445
Trade Creditors Trade Payables	326 272	689 842	281 974	222 962
Trade Debtors Trade Receivables	88 989	71 265	100 422	189 351
Wages Salaries	2 278 606	1 904 545	1 948 153	2 131 455

Company staff

Selina R.

Role: Director

Appointed: 01 June 2018

Latest update: 16 April 2024

Michael H.

Role: Director

Appointed: 05 January 2016

Latest update: 16 April 2024

Scott P.

Role: Director

Appointed: 01 June 2011

Latest update: 16 April 2024

Mark M.

Role: Director

Appointed: 16 March 2004

Latest update: 16 April 2024

Matthew B.

Role: Director

Appointed: 16 March 2004

Resigned: 10 November 2017

Latest update: 16 April 2024

Marlini W.

Role: Secretary

Appointed: 28 July 2009

Resigned: 30 March 2016

Latest update: 16 April 2024

Artemis C.

Role: Secretary

Appointed: 15 June 2005

Resigned: 28 July 2009

Latest update: 16 April 2024

Michael H.

Role: Director

Appointed: 16 March 2004

Resigned: 15 July 2009

Latest update: 16 April 2024

Company Directors Limited

Role: Corporate Nominee Director

Appointed: 16 March 2004

Resigned: 16 March 2004

Address: London, NW11 7TJ

Latest update: 16 April 2024

Temple Secretaries Limited

Role: Corporate Nominee Secretary

Appointed: 16 March 2004

Resigned: 16 March 2004

Address: London, NW11 7TJ

Latest update: 16 April 2024

Matthew B.

Role: Secretary

Appointed: 16 March 2004

Resigned: 15 June 2005

Latest update: 16 April 2024

People with significant control

Matthew B.

Notified on 6 April 2016

Nature of control:

substantial control or influence

over 3/4 of shares

3/4 to full of voting rights

right to manage directors

Matthew B.

Notified on 7 April 2016

Ceased on 7 April 2016

Nature of control:

substantial control or influence

over 3/4 of shares

3/4 to full of voting rights

right to manage directors

Accounts Documents

Account next due date	29 February 2024
Account last made up date	31 May 2022
Confirmation statement next due date	21 September 2024
Confirmation statement last made up date	07 September 2023

Annual Accounts
Start Date For Period Covered By Report	2020-06-01
End Date For Period Covered By Report	2021-05-31
Annual Accounts
Start Date For Period Covered By Report	2021-06-01
End Date For Period Covered By Report	2022-05-31
Annual Accounts
Start Date For Period Covered By Report	2022-06-01
End Date For Period Covered By Report	2023-05-31

Giant Precision Limited

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

Selina R.

Michael H.

Scott P.

Mark M.

Matthew B.

Marlini W.

Artemis C.

Michael H.

Company Directors Limited

Temple Secretaries Limited

Matthew B.

People with significant control

Matthew B.

Matthew B.

Accounts Documents

Company filings

Filing category

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