Holyhead Towing Company Limited in Anglesey, LL65 1YB

Description

Data updated on: 01-11-2023

Holyhead Towing Company came into being in 1966 as a company enlisted under no 00871758, located at LL65 1YB Anglesey at Newry Beach Yard. This company has been in business for 58 years and its current status is active. This company's principal business activity number is 50200 which stands for Sea and coastal freight water transport. Fri, 31st Mar 2023 is the last time the company accounts were reported.

As stated, the following company was established in February 1966 and has been steered by eleven directors, out of whom four (James B., Alan D., Michael G. and John M.) are still functioning. Moreover, the director's efforts are constantly helped with by a secretary - Michael G., who was selected by this specific company in 1999.

The companies that control this firm include: Holyhead Boatyard Limited owns over 3/4 of company shares. This business can be reached in Holyhead at Newry Beach, LL65 1YB, Anglesey and was registered as a PSC under the registration number 00724907.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2012-09-30	2013-09-30	2014-09-30	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	42 917 607	52 879 843	56 739 336	58 878 032

Balance Sheet
Cash Bank On Hand				381 292	711 909	1 638 742	1 251 464	1 639 361	1 308 334	1 982 450	2 005 487
Current Assets	31 182 247	37 042 310	38 258 659	42 310 177	24 702 172	7 710 682	12 711 083	13 755 811	14 257 697	18 210 277	21 096 385
Debtors	29 710 645	36 584 005	37 315 787	41 928 885	23 886 437	6 071 940	11 459 619	12 116 450	12 949 363	16 227 827	19 090 898
Net Assets Liabilities				57 980 044	40 583 931	18 344 690	21 339 223	14 356 528	7 223 316	10 194 935	12 146 404
Other Debtors	192 821	2 104 607	260 434	682 932	33 400	29 240	83 687	7 913	377 978	6 765	302 991
Property Plant Equipment				27 933 563	26 791 935	23 859 504	21 451 568	11 318 628	3 458 751	2 914 448	2 667 092
Cash Bank In Hand	1 471 602	458 305	942 872	381 292
Net Assets Liabilities Including Pension Asset Liability	42 917 607	52 879 843	56 739 336	58 878 032
Tangible Fixed Assets	27 010 792	29 519 053	29 617 698	27 933 563
Trade Debtors	1 621 168	3 208 754	2 357 205	1 941 039

Capital & Reserves
Called Up Share Capital	89 236	89 236	89 236	89 236
Profit Loss Account Reserve	38 911 527	46 651 787	50 576 079	54 062 545
Shareholder Funds	42 917 607	52 879 843	56 739 336	58 878 032

Other Financial Data
Audit Fees Expenses	27 466	16 000	20 625	27 210	22 000	14 000	14 000	14 000	14 000	17 650	17 200
Taxation Compliance Services Fees				2 000	2 000	2 000	2 000	2 000	2 000	2 000	2 000
Accrued Income					103 826	215 709	86 632
Accumulated Depreciation Impairment Property Plant Equipment				1 061 277	1 309 421	4 844 397	5 354 733	14 963 172	11 715 029	10 987 819	11 268 804
Additions Other Than Through Business Combinations Property Plant Equipment					91 468		47 471	26 260			59 879
Administration Support Average Number Employees	16	16	18	21	19	18	18	18	15	15	16
Administrative Expenses	602 698	1 536 322	1 237 638	2 374 115	-3 361 815	1 562 748	861 841	1 837 456	1 891 560	1 465 631	503 430
Amounts Owed By Related Parties				39 128 109	22 363 982	2 950 240	6 448 095	7 991 206	9 680 876	12 249 051	13 907 641
Amounts Owed To Related Parties				1 243 129		3 971 629	5 001 560	4 974 444	6 820 829	7 200 536	7 564 575
Applicable Tax Rate				20	20	19	19	19	19	19	19
Average Number Employees During Period	70	88	84	90	52	35	34	24	21	20	22
Balances With Banks				361 903	672 832	1 583 805	1 185 184	1 581 696	1 267 819	1 936 985	1 973 271
Bank Borrowings				3 310 078	2 723 029	1 529 680	188 008	170 225
Bank Borrowings Overdrafts	7 764 323	6 599 570	4 094 193	3 310 078	-472 170			-155 243	-1 275 293	-1 039 305	-297 725
Bank Overdrafts				73 298	472 170			155 243	1 275 293	1 039 305	297 725
Carrying Amount Property Plant Equipment Pledged As Security For Liabilities				27 933 563	26 791 935	25 876 153	21 451 568	11 318 628	3 458 751	2 914 448	2 667 092
Carrying Amount Under Cost Model Revalued Assets Property Plant Equipment				27 181 792	27 273 260	27 273 260
Cash Cash Equivalents				381 292	711 909	1 638 742	1 251 464	1 639 361	1 308 334	1 982 450	2 005 487
Cash On Hand				19 389	39 077	54 937	66 280	57 665	40 515	45 465	32 216
Comprehensive Income Expense				2 505 512	3 603 887	2 594 783	3 647 765	-6 437 695	-4 629 784	2 971 619
Cost Sales	10 440 489	12 324 874	15 567 333	22 357 337	13 315 472	16 126 926	17 516 525	25 135 967	17 055 499	14 746 771	16 616 621
Creditors				3 310 078	2 723 029	1 529 680	188 008	1 015 000	10 648 220	10 929 878	11 617 161
Current Tax For Period				609 788	105 365	471 358	468 996	559 965		232 253	271 647
Deferred Tax Expense Credit Relating To Changes In Tax Rates Or Laws				10 792	-229 988	47 262
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences				169 174	-290 648	-248 533	-280 777	-1 925 259	-1 279 283
Deferred Tax Liabilities				4 613 162	4 145 853	3 485 319	3 204 542	1 279 283
Depreciation Expense Property Plant Equipment				116 891	45 892	43 751	407 132	1 744 273	698 698	298 910	295 643
Disposals Decrease In Depreciation Impairment Property Plant Equipment					-55 155	-36 914	-342 710	-458 704	-464 589	-1 026 120	-14 658
Disposals Property Plant Equipment					-55 155	-49 540	-1 138 612	-550 761	-464 589	-1 271 513	-26 250
Dividend Per Share Final				1	235	236		6	28
Dividends Paid				-50 000	-21 000 000	-22 650 000		-545 000	-2 503 428
Dividends Paid On Shares Final				50 000	21 000 000	22 650 000		545 000	2 503 428
Financial Commitments Other Than Capital Commitments											73 493
Fixed Assets	28 590 481	31 098 742	31 197 387	28 331 539	26 946 939	24 014 508	21 606 572	11 473 632	3 613 839	2 914 536	2 667 180
Further Item Debtors Component Total Debtors											443 336
Further Item Non-operating Gain Loss Before Tax Income Statement Item Component Profit Or Loss Before Tax				-1 181 714
Gain Loss On Disposal Investments In Subsidiaries Associates Joint Ventures					-3 958 708
Gain Loss On Disposals Intangible Assets									-2
Gain Loss On Disposals Property Plant Equipment				-91 667		1 024	124 429	-8 294	124 440	506 357	8 865
Gain Loss On Non-financing Activities Due To Foreign Exchange Differences Recognised In Profit Or Loss					700 332	-97 365	569 935	647 216	-244 669	103 758	1 082 534
Gain Loss On Revaluation Property Plant Equipment Net Tax In Other Comprehensive Income				-1 030 954	-753 136	-1 103 192
Gross Profit Loss	12 933 722	11 221 934	6 463 260	5 477 400	-1 790 335	1 764 803	3 074 247	-7 610 264	-5 029 403	3 857 372	2 316 808
Impairment Loss Reversal							445 914	8 322 870
Income From Associates Joint Ventures Participating Interests				170 159	100 000
Income From Shares In Group Undertakings								250 000
Increase Decrease Due To Transfers Between Classes Property Plant Equipment									-10 643 431
Increase Decrease From Total Impairment Loss Recognised Or Reversed Property Plant Equipment					257 407	1 514 088	445 914	8 322 870
Increase Decrease In Current Tax From Adjustment For Prior Periods										-424 926	-192 120
Increase Decrease In Existing Provisions					-467 309	-507 307	-280 777	-1 925 259	-1 279 283
Increase From Depreciation Charge For Year Property Plant Equipment					45 892	43 751	407 132	1 744 273	698 698	298 910	295 643
Increase From Impairment Loss Recognised In Profit Or Loss Property Plant Equipment				307 175	257 407	342 800	445 914	8 322 870
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings				236 469	126 384	147 382	58 525	30 125	22 430	51 545	11 304
Interest Expense On Financial Liabilities Fair Value Through Profit Or Loss									41 250	41 250	58 958
Interest Income On Bank Deposits				552	264 544			3 695
Interest Payable Similar Charges Finance Costs				287 900	126 384	147 382	58 525	30 125	63 680	92 795	70 262
Investments Fixed Assets	1 579 689	1 579 689	1 579 689	397 976	155 004	155 004	155 004	155 004	155 088	88	88
Investments In Group Undertakings Participating Interests				397 976	155 004	155 004	155 004	155 004	155 088	88
Investments In Joint Ventures				397 973	155 000	155 000	155 000	155 000	155 000	-155 000
Investments In Subsidiaries				3	4	4	4	4	88	88	88
Loss On Financing Activities Due To Foreign Exchange Differences				51 431	-700 332
Net Current Assets Liabilities	25 638 334	32 185 818	33 182 142	37 571 745	20 505 874	-501 592	3 125 201	5 177 179	3 609 477	7 280 399	9 479 224
Nominal Value Allotted Share Capital				89 236	89 236	89 236	89 236	89 236	89 236	89 236	89 236
Number Shares Issued Fully Paid				89 236	89 236	89 236	89 236	89 236	89 236	89 236	89 236
Operating Profit Loss	12 331 024	9 687 198	5 226 059	5 614 331	3 233 248	1 884 158	3 894 509	-8 026 559	-5 845 387	2 871 741	2 293 378
Other Comprehensive Income Expense Net Tax				-1 030 954	-753 136	-1 103 192
Other Creditors				250	69 108	246 828		209 822	86 221	293 929	256 711
Other Departments Average Number Employees	54	72	66	69	33	7	16	6	5	5	6
Other Employee Expense				123 239	27 336	30 435	61 697	51 922	34 746	71 141	55 696
Other Interest Receivable Similar Income Finance Income				552	264 544			3 695
Other Operating Income Format1				2 511 046	2 362 100	1 682 103	1 682 103	1 421 161	1 075 576	480 000	480 000
Other Payables Accrued Expenses				917 560	977 749	964 765	1 045 643	407 661	995 362	965 367	1 725 860
Other Remaining Borrowings								1 015 000
Ownership Interest In Joint Venture Percent				50	50	50	50	50	50
Ownership Interest In Subsidiary Percent				100	100	100	100
Par Value Share		1	1	1	1	1	1	1	1	1	1
Pension Costs Defined Contribution Plan				177 092	132 274	122 448	87 780	81 404	65 267	72 227	88 890
Percentage Class Share Held In Subsidiary							100	100	100	100	100
Prepayments				176 805	195 394	180 796	197 238	213 573	232 837	224 091	330 738
Profit Loss				3 536 466	4 357 023	1 513 951	3 647 765	-6 437 695	-4 629 784	2 971 619	1 951 469
Profit Loss On Ordinary Activities Before Tax	11 388 760	9 224 446	4 912 832	4 315 428	4 171 740	1 736 776	3 835 984	-7 802 989	-5 909 067	2 778 946	2 223 116
Property Plant Equipment Gross Cost				28 994 840	28 101 356	27 897 442	26 806 301	26 281 800	15 173 780	13 902 267	13 935 896
Provisions				4 613 162	4 145 853	3 485 319	3 204 542	1 279 283
Provisions For Liabilities Balance Sheet Subtotal				4 613 162	4 145 853	3 638 546	3 204 542	1 279 283
Revenue From Rendering Services				27 834 737	11 525 137	17 891 729
Social Security Costs	337 821	340 737	306 108	483 656	169 561	116 322	100 256	70 863	69 782	64 197	74 631
Staff Costs Employee Benefits Expense				6 277 109	1 758 128	1 512 902	1 679 374	1 593 219	1 475 343	1 342 478	1 520 105
Taxation Social Security Payable				222 442	137 561	83 819	41 659	80 875	19 181	18 145	15 496
Tax Decrease From Utilisation Tax Losses										-590 445	-38 613
Tax Decrease Increase From Effect Revenue Exempt From Taxation								-47 500
Tax Expense Credit Applicable Tax Rate				863 086	834 348	329 987	728 837	-1 482 568	-1 122 723	528 000	422 392
Tax Increase Decrease Arising From Group Relief Tax Reconciliation				-265 615		-154 994	-541 188		370 027
Tax Increase Decrease Arising From Overseas Tax Suffered Expensed								106		232 253	17 067
Tax Increase Decrease From Changes In Tax Provisions Due To Legislation										-424 926
Tax Increase Decrease From Effect Capital Allowances Depreciation				-32 062	-269 585				-1 155 930	62 160	54 534
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss				450	300	570	570	164 668	285	285	8 387
Tax Increase Decrease From Effect Foreign Tax Rates				-34 032
Tax Increase Decrease From Effect Indexation Allowance On Capital Gains					-791 742
Tax Increase Decrease From Effect Unrelieved Loss On Foreign Subsidiaries				236 343
Tax Increase Decrease From Effect Unrelieved Tax Losses Carried Forward									629 058
Tax Increase Decrease From Other Short-term Timing Differences					1 809
Tax Tax Credit On Profit Or Loss On Ordinary Activities				778 962	-185 283	429 326	188 219	-1 365 294	-1 279 283	-192 673	271 647
Total Assets Less Current Liabilities	54 228 815	63 284 560	64 379 529	65 903 284	47 452 813	23 512 916	24 731 773	15 635 811	7 223 316
Total Borrowings				3 310 078	2 723 029	1 529 680	188 008	1 015 000	1 275 293	1 039 305	297 725
Total Increase Decrease From Revaluations Property Plant Equipment					-929 797	-1 361 966
Trade Creditors Trade Payables				925 541	867 936	576 072	1 601 936	1 339 313	770 249	1 156 437	1 310 094
Trade Debtors Trade Receivables				1 941 039	1 188 236	2 224 597	4 174 971	3 343 793	2 657 672	3 747 920	4 106 192
Transfers Between P P E Classes Increase Decrease In Depreciation Impairment									-3 482 252
Turnover Revenue				27 834 737	11 525 137	17 891 729	20 590 772	17 525 703	11 901 658	18 604 143	18 933 429
Wages Salaries	2 788 020	3 279 627	3 224 867	5 493 122	1 428 957	1 243 697	1 429 641	1 389 030	1 305 548	1 134 913	1 300 888
Company Contributions To Money Purchase Plans Directors				24 245	16 541	15 298	12 200	13 224	16 751	13 309	20 955
Director Remuneration	142 712	157 276	139 180	207 289	145 757	98 154	94 149	82 424	87 981	82 783	97 065
Number Directors Accruing Benefits Under Money Purchase Scheme	2	2	2	2	2	2	1	1	1	1	1
Company Contributions To Money Purchase Schemes Directors	15 479	16 063	8 279	11 914
Director Remuneration Benefits Excluding Payments To Third Parties			71 796	105 010
Accruals Deferred Income Within One Year	583 611	683 300	1 237 320	917 560
Adjustment For Prior Periods Leading To An Increase Decrease In Tax Charge			427 356
Aggregate Depreciation On Tangible Fixed Assets On Historical Cost Basis		3 689 759	3 819 989	3 642 079
Amount Due From To Related Party			70 000
Amounts Owed By Other Participating Interests	1 229 473	947 796	848 790	574 602
Amounts Owed By Other Participating Interests After One Year	1 187 403	415 236	452 291
Amounts Owed By Subsidiaries	26 616 255	30 276 254	33 816 218	38 553 507
Amounts Owed To Subsidiaries Within One Year				1 243 129
Bank Loans Overdrafts Finance Charges	943 226	463 304	342 750
Capital Allowances In Excess Depreciation Leading To Decrease Increase In Tax	-212 094	-468 123	-268 916
Capital Commitments Total Contracted But Not Provided For			4 348 495
Corporation Tax Due Within One Year	713 270	767 337		1 278 312
Cost Tangible Fixed Assets On Historical Cost Basis		26 850 027	27 256 081	26 931 792
Creditors Due After One Year	7 764 323	6 599 570	4 094 193	3 310 078
Creditors Due Within One Year	5 543 913	4 856 492	5 076 517	4 738 432
Deferred Tax Liability	-4 246 635	258 262
Depreciation Tangible Fixed Assets Expense	99 754	15 033	11 847	116 891
Difference Between Accumulated Depreciation Amortisation Capital Allowances	-2 197 239	258 262	-259 147	169 174
Dividends Withdrawn From Total Reserves	300 000	350 000	350 000
Expenses Not Deductible For Tax Purposes	9 343	22 565	21 584
Fixed Asset Investments Cost Or Valuation	1 579 689	1 579 689	397 973	397 973
Fixed Asset Investments Disposals				1 181 713
Foreign Exchange Gain Loss Recognised In Profit Loss	1 170 204	-224 860	128 561
Geographic Segment Revenue By Destination	19 305 543	16 671 122	10 746 120	15 616 000
Historical Cost Depreciation Charge Less Actual Depreciation Charge Calculated On Revalued Amount	1 409 129	-1 577 641	-1 572 750
Historical Cost Profit Loss For Period	13 399 164	6 512 619	2 675 792
Historical Cost Profit Loss On Ordinary Activities Before Taxation	12 797 889	7 646 805	3 340 082
Increase Decrease In U K Corporation Tax Arising From Adjustment For Prior Periods			427 356
Increase Decrease In U K Tax From Origination Reversal Timing Differences	-2 197 239	258 262	-259 147
Instalment Debts Due After5 Years	328 733
Interest Payable Similar Charges	943 226	463 304	342 750
Interest Receivable On Bank Deposits	962	552	29 523
Net Increase Decrease In Shareholders Funds	10 338 033	9 962 236	3 885 243
Number Shares Allotted	89 236	89 236	89 236	89 236
Other Creditors Due Within One Year	183 501	89 500	153 622	250
Other Differences Leading To An Increase Decrease In Tax Charge	63 839	18 586	-62
Other Interest Receivable Similar Income	962	552	29 523
Other Operating Income		1 586	437
Other Recognised Gains Losses For Period	-1 352 002	2 221 976	-13 299
Other Taxation Social Security Within One Year	97 430	97 263	99 511	222 442
Other Timing Differences	-2 049 396
Pension Costs	46 207	73 275	85 270
Pension Costs Defined Contribution Scheme	46 207	73 275	85 270
Percentage Joint-venture Held		50	50	50
Percentage Subsidiary Held		100	100	100
Prepayments Accrued Income Current Asset	50 928	46 594	33 140	176 805
Profit Loss For Period	11 990 035	8 090 260	4 248 542
Provisions Charged Credited To Profit Loss Account During Period		258 262	-259 147	169 174
Provisions For Liabilities Charges	3 546 885	3 805 147	3 546 000	3 715 174
Revaluation Reserve	3 916 844	6 138 820	6 074 021	4 726 251
Revaluation Surplus In Period	206 508	2 221 976	-39 049
Staff Costs	3 172 048	3 693 639	3 616 245
Standard Nominal Tax Rate	24	23	22
Tangible Fixed Assets Additions		164 321	381 714	369 886
Tangible Fixed Assets Cost Or Valuation	27 432 915	29 782 559	29 877 551	28 994 840
Tangible Fixed Assets Depreciation	422 123	263 506	661 611	1 061 277
Tangible Fixed Assets Depreciation Charged In Period		15 033	11 847	97 445
Tangible Fixed Assets Depreciation Decrease Increase On Disposals		166 600	15 500	24 400
Tangible Fixed Assets Disposals		579 477	145 321	313 750
Tangible Fixed Assets Increase Decrease From Revaluations		2 773 800	-39 049
Tax On Group Profit On Ordinary Activities Standard U K Tax Rate	2 733 302	2 121 623	1 080 823
Tax On Profit Or Loss On Ordinary Activities	-601 275	1 134 186	664 290
Total Dividend Payment	300 000	350 000	350 000	50 000
Total Recognised Gain Loss For Period	10 638 033	10 312 236	4 209 493
Total U K Foreign Current Tax After Adjustments Relief	1 595 964	875 924	923 437
Trade Creditors Within One Year	303 688	348 238	421 121	925 541
Turnover Gross Operating Revenue	23 374 211	23 546 808	22 030 593
U K Current Corporation Tax		875 924	923 437
U K Current Corporation Tax On Income For Period	1 595 964	875 924	496 081
Utilisation Tax Losses	998 426	818 727	337 348
Valuation Tangible Fixed Assets		28 998 800	29 108 355	27 533 660
Value Shares Allotted	89 236	89 236	89 236	89 236