Hyspec Engineering Limited in Ayrshire, KA3 5AJ

Description

Data updated on: 01-11-2023

The company is widely known under the name of Hyspec Engineering Limited. The company was started fourteen years ago and was registered under SC371408 as the reg. no. The headquarters of the firm is registered in Ayrshire. You can contact it at Rigg Street, Stewarton. Although currently it is referred to as Hyspec Engineering Limited, it had the name changed. This firm was known as Hms (815) until Tue, 2nd Feb 2010, when the company name was replaced by J-fix Precision Engineering. The last change occurred on Fri, 19th Mar 2010. The enterprise's classified under the NACE and SIC code 24200 and has the NACE code: Manufacture of tubes, pipes, hollow profiles and related fittings, of steel. Its latest filed accounts documents were submitted for the period up to 2022-12-31 and the most current annual confirmation statement was filed on 2022-10-09.

With five recruitment advert since Tue, 17th Feb 2015, the corporation has been relatively active on the employment market. On Fri, 16th Feb 2018, it started searching for job candidates for a part time Cleaner post in Kilmarnock, and on Tue, 17th Feb 2015, for the vacant post of a part time Surface Coatings Applicator in Kilmarnock. They hire applicants on such posts as: Sales Graduate and Business Development Manager.

According to the information we have, the following firm was formed fourteen years ago and has so far been run by thirteen directors, and out of them four (David W., Waseem K., Abdulla A. and Edwin R.) are still functioning.

Previous company's names
Hyspec Engineering Limited 2010-03-19
J-fix Precision Engineering Limited 2010-02-02
Hms (815) Limited 2010-01-19

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	35 693	105 224	66 588	70 741	25 243
Current Assets	5 270 761	4 414 177	3 116 355	2 894 287	4 392 275
Debtors	4 474 207	3 340 009	2 593 106	2 361 502	3 236 210
Net Assets Liabilities	1 895 860	1 428 656	1 078 203	251 623	-925 043
Other Debtors	2 414		121 179		92 490
Property Plant Equipment	574 193	527 967	479 970	431 973	383 976
Total Inventories	760 861	968 944	456 661	462 044

Other Financial Data
Audit Fees Expenses	18 000	12 500	12 500	12 500	12 500
Accrued Liabilities Deferred Income	356 166	201 141	148 526	82 140	157 700
Accumulated Depreciation Impairment Property Plant Equipment	174 543	224 709	272 706	320 703	368 700
Additions Other Than Through Business Combinations Property Plant Equipment		3 940
Administrative Expenses	2 255 621	3 021 448	2 957 820	2 469 759	2 733 780
Amounts Owed By Group Undertakings	2 261 689	912 142	792 219	1 185 037	275 946
Amounts Owed To Group Undertakings					98 733
Average Number Employees During Period	85	107	114	96	89
Bank Borrowings			50 000	47 500	37 500
Bank Borrowings Overdrafts			46 667	37 500	27 500
Carrying Amount Under Cost Model Revalued Assets Property Plant Equipment	574 193	527 967	479 970	431 973	383 976
Comprehensive Income Expense	-73 960	732 796
Corporation Tax Recoverable	28 293	112 298	58 830	58 830
Cost Sales	4 217 311	6 668 037	5 489 560	3 732 313	5 077 744
Creditors	748 153	745 786	789 811	1 170 122	1 033 716
Current Tax For Period	6 734	-105 507	-58 830
Depreciation Expense Property Plant Equipment	50 014	50 166	47 997	47 997
Dividends Paid		1 200 000
Dividends Paid On Shares Interim		1 200 000
Finance Lease Liabilities Present Value Total	748 153	745 786	743 144	1 132 622	1 006 216
Finance Lease Payments Owing Minimum Gross	750 274	748 153	745 786	1 270 241	1 144 177
Finished Goods Goods For Resale	18 724	44 528	43 938	43 811	44 085
Further Item Tax Increase Decrease Component Adjusting Items	6 734			1 487	440
Future Minimum Lease Payments Under Non-cancellable Operating Leases	53 669	59 766	31 945	14 734	23 646
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss		-56	-300	-55	2
Government Grant Income			368 325	515 918
Gross Profit Loss	2 274 240	3 637 878	2 229 946	1 113 730
Increase Decrease In Current Tax From Adjustment For Prior Periods		-47 015	6 791		181 159
Increase From Depreciation Charge For Year Property Plant Equipment		50 166	47 997	47 997	47 997
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings	33 880	46 003	19 302	15 832
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts	82 850	82 629	82 366	24 888
Interest Payable Similar Charges Finance Costs	116 730	128 632	101 668	40 720	155 627
Net Current Assets Liabilities	2 069 820	1 646 475	1 388 044	989 772	-275 303
Operating Profit Loss	49 504	708 906	-300 824	-785 860
Other Creditors	1 672 734	1 284 139	919 123	899 495	2 315 651
Other Operating Income Format1	30 885	92 476	427 050	570 169	139 329
Other Taxation Social Security Payable	191 748	180 550	249 189	163 998	126 759
Pension Other Post-employment Benefit Costs Other Pension Costs	77 053	123 197	185 388	125 772	116 450
Prepayments Accrued Income	47 334	12 217	8 447	6 725	26 701
Profit Loss	-73 960	732 796	-350 453	-826 580	1 176 666
Profit Loss On Ordinary Activities Before Tax	-67 226	580 274	-402 492	-826 580	-1 176 666
Property Plant Equipment Gross Cost	748 736	752 676	752 676	752 676
Raw Materials Consumables	144 267	89 362	120 972	156 924
Social Security Costs	288 079	364 344	336 761	261 577
Staff Costs Employee Benefits Expense	3 215 302	4 276 158	4 146 961	3 371 443	3 686 520
Tax Decrease From Utilisation Tax Losses		97 493
Tax Decrease Increase From Effect Revenue Exempt From Taxation	19 957	15 717
Tax Expense Credit Applicable Tax Rate	-12 773	110 252	-76 473	-157 050	-223 567
Tax Increase Decrease From Effect Adjustment In Research Development Tax Credit		-105 507	-58 830
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	1 068	2 958	1 336	325	120
Tax Increase Decrease From Effect Unrelieved Tax Losses Carried Forward			75 137	154 798	41 848
Tax Tax Credit On Profit Or Loss On Ordinary Activities	6 734	-152 522	-52 039
Total Assets Less Current Liabilities	2 644 013	2 174 442	1 868 014	1 421 745	108 673
Total Borrowings			46 667	37 500	27 500
Total Current Tax Expense Credit	6 734	-152 522	-52 039
Total Operating Lease Payments	21 664	33 286	27 838	24 388
Trade Creditors Trade Payables	978 172	1 099 505	405 498	611 263	1 820 774
Trade Debtors Trade Receivables	2 134 477	2 303 352	1 612 431	1 110 910	2 841 073
Turnover Revenue	6 491 551	10 305 915	7 719 506	4 846 043
Wages Salaries	2 850 170	3 788 617	3 624 812	2 984 094	3 260 132
Work In Progress	597 870	835 054	291 751	261 309

Role: Corporate Director

Appointed: 19 January 2010

Resigned: 29 January 2010

Address: Glasgow, G1 3PE, United Kingdom

Latest update: 10 March 2024

Hms Secretaries Limited

Role: Corporate Secretary

Appointed: 19 January 2010

Resigned: 29 January 2010

Address: Glasgow, G1 3PE, United Kingdom

Latest update: 10 March 2024

Donald M.

Role: Director

Appointed: 19 January 2010

Resigned: 29 January 2010

Latest update: 10 March 2024

People with significant control

Mohamed A. is the individual who has control over this firm.

Mohamed A.

Notified on 18 January 2017

Nature of control:

right to manage directors

Accounts Documents

Account next due date	30 September 2024
Account last made up date	31 December 2022
Confirmation statement next due date	23 October 2023
Confirmation statement last made up date	09 October 2022

Annual Accounts
Start Date For Period Covered By Report	2019-01-01
End Date For Period Covered By Report	2019-12-31
Annual Accounts
Start Date For Period Covered By Report	2020-01-01
End Date For Period Covered By Report	2020-12-31
Annual Accounts
Start Date For Period Covered By Report	2021-01-01
End Date For Period Covered By Report	2021-12-31
Annual Accounts
Start Date For Period Covered By Report	2022-01-01
End Date For Period Covered By Report	2022-12-31

Cleaner in Kilmarnock, posted on Friday 16th February 2018
Region / City	Scotland, Kilmarnock
Industry	Engeneering
Job type	part time (less than 30 hours)
Career level	none


Business Development Manager in Kilmarnock, posted on Monday 6th February 2017
Region / City	Scotland, Kilmarnock
Industry	Engineering sector
Job type	full time


Sales Graduate in Kilmarnock, posted on Thursday 5th January 2017
Region / City	Scotland, Kilmarnock
Industry	Engeneering
Job type	full time
Career level	higher education students and graduates
Education level	an undergraduate degree


Surface Coatings Applicator in Kilmarnock, posted on Tuesday 30th June 2015
Region / City	Scotland, Kilmarnock
Industry	Engeneering
Job type	full time


Surface Coatings Applicator in Kilmarnock, posted on Tuesday 17th February 2015
Region / City	Scotland, Kilmarnock
Industry	Engeneering
Job type	full time

Cleaner in Kilmarnock, posted on Friday 16th February 2018

Region / City

Scotland, Kilmarnock

Industry

Engeneering

Job type

part time (less than 30 hours)

Career level

none

Business Development Manager in Kilmarnock, posted on Monday 6th February 2017

Region / City

Scotland, Kilmarnock

Industry

Engineering sector

Job type

full time

Sales Graduate in Kilmarnock, posted on Thursday 5th January 2017

Region / City

Scotland, Kilmarnock

Industry

Engeneering

Job type

full time

Career level

higher education students and graduates

Education level

an undergraduate degree

Surface Coatings Applicator in Kilmarnock, posted on Tuesday 30th June 2015

Region / City

Scotland, Kilmarnock

Industry

Engeneering

Job type

full time

Surface Coatings Applicator in Kilmarnock, posted on Tuesday 17th February 2015

Region / City

Scotland, Kilmarnock

Industry

Engeneering

Job type

full time

Hyspec Engineering Limited

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

David W.

Waseem K.

Abdulla A.

Edwin R.

Lakhder M.

Usama A.

Sushil S.

Neville S.

Mohamed A.

Craig H.

Agnes H.

William H.

Hms Directors Limited

Hms Secretaries Limited

Donald M.

People with significant control

Mohamed A.

Accounts Documents

Jobs and Vacancies at Hyspec Engineering Ltd

Company filings

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