Grinding Machine Technology Ltd in Coventry, CV1 4NG

Description

Data updated on: 01-11-2023

2002 is the date that marks the launching of Grinding Machine Technology Ltd, a firm that is situated at Unit 2 Albion Heat Treatment Buildings, Kingfield Road in Coventry. This means it's been 22 years Grinding Machine Technology has existed in the UK, as it was started on 2002-01-30. The Companies House Reg No. is 04363402 and the company post code is CV1 4NG. The company's Standard Industrial Classification Code is 33190 which means Repair of other equipment. The company's latest accounts were submitted for the period up to 2023-01-31 and the most current annual confirmation statement was submitted on 2023-01-30.

Currently, there is only a single director in the company: Stephen W. (since 2002-01-30). The following limited company had been controlled by Sharon W. till February 2015.

Stephen W. is the individual who has control over this firm, owns over 3/4 of company shares.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2012-01-31	2013-01-31	2014-01-31	2015-01-31	2016-01-31	2017-01-31	2018-01-31	2019-01-31	2020-01-31	2021-01-31	2022-01-31	2023-01-31
Currency
Net Worth	80 584	95 420	123 721	74 061	117 486	77 081

Balance Sheet
Cash Bank On Hand							16 140	5 627	8 011	40 706	43 516	61 739
Current Assets	97 409	117 645	145 741	103 439	106 304	62 335	56 263	51 612	63 015	83 323	91 869	94 935
Debtors	45 136	32 738	50 538	12 601	20 273		14 223	20 085	29 104	17 117	22 853	7 696
Net Assets Liabilities						77 081	61 598	69 223	79 786	85 948	98 352	108 109
Property Plant Equipment							76 290	71 791	70 789	63 036	55 899	50 359
Total Inventories							25 900	25 900	25 900	25 500	25 500	25 500
Cash Bank In Hand	52 273	95 362	95 203	60 338	60 131
Net Assets Liabilities Including Pension Asset Liability	80 584	105 281	123 879	74 061	117 486	77 081
Stocks Inventory				30 500	25 900
Tangible Fixed Assets	863	633	465	94 728	87 672

Capital & Reserves
Called Up Share Capital	1	1	1	1	1
Profit Loss Account Reserve	80 583	105 280	123 878	74 060	117 485
Shareholder Funds	80 584	95 420	123 721	74 061	117 486	77 081

Other Financial Data
Accrued Liabilities Deferred Income							499	499	550	550	610	599
Accumulated Depreciation Impairment Property Plant Equipment								46 382	53 899	61 651		73 447
Average Number Employees During Period									1	1	1	1
Bank Borrowings Overdrafts							8 152	8 152	12 184	8 475	8 477	18 591
Corporation Tax Payable								2 859	2 958	3 186
Creditors						18 738	32 997	21 556	27 291	23 314	39 943	9 825
Deferred Tax Liabilities							577	616	1 501	919
Finished Goods Goods For Resale							25 900	25 900	25 900	25 500	25 500	25 500
Fixed Assets	863	633	465	5 246	87 672	80 932	76 290	71 791	70 787	63 036	55 899	50 359
Increase Decrease In Depreciation Impairment Property Plant Equipment								2 257	2 826	3 062		1 096
Increase Decrease In Net Deferred Tax Liability From Amount Recognised In Profit Or Loss								39	885	-582
Increase From Depreciation Charge For Year Property Plant Equipment								6 948	7 517	7 753		5 909
Loans From Directors							15 255	4 957
Net Current Assets Liabilities	79 721	104 648	123 414	68 815	83 606	43 597	23 266	30 056	35 722	60 009	51 926	85 110
Other Creditors							48		1 200	6 357	23 379	1 200
Other Remaining Borrowings										18 000	6 560	8 477
Other Taxation Social Security Payable							4 619	1 066	459	919
Prepayments Accrued Income							392	391	387	1 484	340	284
Property Plant Equipment Gross Cost								118 173	124 686	124 687		123 806
Recoverable Value-added Tax									824	-38
Taxation Including Deferred Taxation Balance Sheet Subtotal							-577	-616	-1 501	-919	-454	-292
Taxation Social Security Payable											3 896	4 179
Total Additions Including From Business Combinations Property Plant Equipment								2 449	6 513			369
Total Assets Less Current Liabilities	80 584	105 281	123 879	74 061	171 278	124 529	99 556	101 847	106 511	123 045	107 825	135 469
Trade Creditors Trade Payables							4 424	4 023	9 942	3 827	3 581	3 847
Trade Debtors Trade Receivables							13 831	19 694	27 893	15 671	22 513	7 412
Advances Credits Directors								4 957
Advances Credits Made In Period Directors								9 713
Advances Credits Repaid In Period Directors								-20 011
Provisions For Liabilities Balance Sheet Subtotal						577	577
Creditors Due After One Year				58 408	52 912	46 871
Creditors Due Within One Year	17 688	23 452	22 327	17 717	22 698	18 738
Number Shares Allotted		1	1
Par Value Share		1	1
Provisions For Liabilities Charges				2 466	880	577
Share Capital Allotted Called Up Paid	1	1	1
Tangible Fixed Assets Additions				6 995	315
Tangible Fixed Assets Cost Or Valuation	9 353	9 353	9 353	16 348	113 474
Tangible Fixed Assets Depreciation	8 490	8 720	8 888	18 431	25 802
Tangible Fixed Assets Depreciation Charged In Period		230	168	2 214	7 371
Amount Specific Advance Or Credit Directors	107	640	640