Industrial Power Units Property Limited in West Bromwich, B70 0XB

Description

Data updated on: 01-11-2023

This business referred to as Industrial Power Units Property was established on 1959-11-12 as a Private Limited Company. The company's office can be reached at West Bromwich on 2 Cygnus Way. In case you want to contact the business by mail, its zip code is B70 0XB. The office registration number for Industrial Power Units Property Limited is 00641876. Since 2019-11-08 Industrial Power Units Property Limited is no longer under the business name Industrial Power Units. The company's SIC and NACE codes are 68209 : Other letting and operating of own or leased real estate. Industrial Power Units Property Ltd reported its latest accounts for the period that ended on 31st December 2022. Its most recent confirmation statement was released on 5th March 2023.

2 transactions have been registered in 2015 with a sum total of £82,513. In 2014 there was a similar number of transactions (exactly 4) that added up to £567,488. The Council conducted 1 transaction in 2011, this added up to £507. All the transactions taken into account were valued at 500 pounds or more. In total, the company conducted 7 transactions and issued invoices for £650,508. Cooperation with the Sandwell Council council covered the following areas: Strategic Resources, Strategic Resources Capital and Thematic Business Support.

The directors currently registered by this company are: Ian C. arranged to perform management duties in 1995 in October and Robert B. arranged to perform management duties on 1992-03-05. In order to find professional help with legal documentation, this specific company has been utilizing the skills of Sarah B. as a secretary since the appointment on 1995-10-01.

Previous company's names
Industrial Power Units Property Limited 2019-11-08
Industrial Power Units Limited 1959-11-12

Financial data based on annual reports

Profit & Loss
Date of Accounts	2012-10-31	2013-10-31	2014-10-31	2015-10-31	2017-10-31	2018-10-31	2019-10-31	2020-12-31	2021-12-31	2022-12-31
Currency
Net Worth	3 047 851	2 858 443	2 908 885	2 284 934

Balance Sheet
Cash Bank On Hand					161 332	70 940	229 284	31 188	6 527	56 067
Current Assets	5 478 231	5 227 292	4 974 895	4 968 229	5 164 860	4 507 317	4 602 149	61 930	6 667	56 067
Debtors	3 297 704	3 314 404	3 133 854	2 734 440	3 817 052	3 018 084	2 770 123	30 742	140
Net Assets Liabilities					2 520 717	2 777 950	2 693 291	1 276 393	1 280 179	2 287 124
Other Debtors	3 839	31 067	59	277	82 650	24 494	75 304
Property Plant Equipment					3 722 751	3 570 016	3 382 562
Total Inventories					1 186 476	1 418 293	1 602 742
Cash Bank In Hand	86 029	90 167	96 166	163 753
Intangible Fixed Assets	203 718	147 466	91 214	34 962
Stocks Inventory	2 094 498	1 822 721	1 744 875	2 070 036
Tangible Fixed Assets	1 747 712	1 705 806	4 044 506	3 803 150
Trade Debtors	3 176 583	3 163 770	2 940 497	2 567 941

Capital & Reserves
Called Up Share Capital	34 004	34 004	34 004	34 004
Profit Loss Account Reserve	2 651 326	2 818 439	2 868 881	2 042 798
Shareholder Funds	3 047 851	2 858 443	2 908 885	2 284 934

Other Financial Data
Company Contributions To Money Purchase Plans Directors					40 938	89 936	58 819
Director Remuneration					206 426	208 392	135 029
Number Directors Accruing Benefits Under Money Purchase Scheme						2	2
Accrued Liabilities Deferred Income					295 895	207 663	169 792	6 930	6 075	3 924
Accumulated Amortisation Impairment Intangible Assets					583 772	663 772	735 772
Accumulated Depreciation Impairment Property Plant Equipment					1 786 539	1 982 120	2 141 494
Additional Provisions Increase From New Provisions Recognised In Profit Or Loss						-58 000	10 800
Administrative Expenses	4 601 161	4 791 858	5 313 965			5 025 456	5 072 762	260 351
Amortisation Expense Intangible Assets					21 250	80 000	72 000
Amounts Owed By Group Undertakings					177 617	199 132	284 616
Applicable Tax Rate					20	19	19	19
Average Number Employees During Period					78	87	86	2	2	2
Bank Borrowings					146 679	146 679	97 983	1 760 441	1 687 056	1 581 798
Bank Borrowings Overdrafts	780 092	739 952	2 681 309	1 877 537	1 823 009	1 672 563	1 667 712	1 696 441	112 439	94 692
Cash Receipts From Government Grants						-24 964	-24 964
Comprehensive Income Expense					732 026	413 041	-11 523	605 641
Corporation Tax Recoverable					56 195
Cost Sales	13 768 821	8 355 980	8 533 937			7 478 383	7 748 213
Creditors					2 577 094	2 339 423	2 188 171	2 129 248	1 996 749	1 898 564
Current Tax For Period						2 447	5	11 000
Deferred Tax Liabilities					105 000	55 000	78 000
Depreciation Amortisation Expense						360 662	363 511
Depreciation Expense Property Plant Equipment					208 317	209 832	204 999
Disposals Decrease In Depreciation Impairment Property Plant Equipment						85 081	132 137	2 000 194
Disposals Property Plant Equipment						111 233	171 618	2 384 056
Dividends Paid					152 280	155 808	73 136	2 022 539
Dividends Paid Classified As Financing Activities						-155 808	-73 136
Dividends Paid On Shares Interim					152 280	155 808	73 136
Finance Lease Liabilities Present Value Total					90 421	78 160	26 723
Finished Goods					1 099 467	1 370 521	1 450 909
Fixed Assets	1 951 430	1 853 272	4 135 720	3 838 112	4 126 582	3 873 847	3 594 393	3 750 000
Further Item Cash Flow From Used In Financing Activities Component Net Cash Flows From Used In Financing Activities						-149 333	-1 043 805
Further Item Cash Flow From Used In Operating Activities Component Total Net Cash Flows From Used In Operating Activities						56 195
Further Item Gain Loss In Other Comprehensive Income Before Tax Component Total Other Comprehensive Income Before Tax					265 000
Further Item Interest Expense Component Total Interest Expense					61 043	10 520	46 036
Further Operating Expense Item Component Total Operating Expenses					20 000	20 000	-24 964	5 000
Future Minimum Lease Payments Under Non-cancellable Operating Leases					7 883	7 990	11 431
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss					-18 647	-31 860	8 646
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables						-879 833	404 512
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables						796 175	247 961
Gain Loss On Disposal Assets Income Statement Subtotal						17 032	17 881
Gain Loss On Disposals Property Plant Equipment					11 956	17 032	17 881
Government Grants Payable					543 664	518 700	493 736	432 807	422 132	411 458
Gross Profit Loss	5 846 186	5 492 405	5 889 215			5 402 500	5 006 360	248 561
Income Taxes Paid Refund Classified As Operating Activities							-5
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation						-90 392	158 344
Increase Decrease In Current Tax From Adjustment For Prior Periods					-56 501	2 447	5	-1 497
Increase Decrease In Stocks Inventories Finished Goods Work In Progress						231 817	184 449
Increase From Amortisation Charge For Year Intangible Assets						80 000	72 000
Increase From Depreciation Charge For Year Property Plant Equipment						280 662	291 511
Intangible Assets					403 750	303 750	211 750
Intangible Assets Gross Cost					987 522	967 522	947 522
Interest Expense On Bank Loans Similar Borrowings					55 681	55 268	84 345	53 106
Interest Paid Classified As Operating Activities						-123 357	-145 023
Interest Payable Similar Charges Finance Costs					131 432	123 357	145 023	53 106
Investments Fixed Assets					81	81	81
Investments In Group Undertakings					81	81	81	-81
Net Assets Liabilities Subsidiaries					90 197	89 879	110 706
Net Cash Flows From Used In Financing Activities						504 757	619 559
Net Cash Flows From Used In Investing Activities						20 062	30 064
Net Cash Flows From Used In Operating Activities						-434 427	-807 967
Net Cash Generated From Operations						-501 589	-952 995
Net Current Assets Liabilities	1 911 322	2 137 585	2 167 940	1 119 346	1 107 229	1 321 526	1 375 869	-203 046	-287 121	-315 874
Operating Profit Loss	1 245 025	700 547	575 250			478 398	144 305	759 213
Other Creditors			871 718	1 714 711	120 000	70 000	63 495	168 959	154 100	223 399
Other Deferred Tax Expense Credit					136 000	-58 000	10 800	90 963
Other Operating Income Format1						101 354	210 707	19 703
Other Taxation Social Security Payable					131 225	153 993	99 439
Payments Finance Lease Liabilities Classified As Financing Activities						-75 978	-163 157
Pension Other Post-employment Benefit Costs Other Pension Costs					213 392	307 623	292 582
Percentage Class Share Held In Subsidiary						100	100	100
Prepayments Accrued Income					50 622	105 182	121 094
Proceeds From Borrowings Classified As Financing Activities							-1 813 500
Proceeds From Sales Property Plant Equipment						-43 184	-57 362
Profit Loss					488 935	413 041	-11 523	605 641
Profit Loss On Ordinary Activities Before Tax	1 167 503	611 426	451 793		568 434	355 041	-718	706 107
Profit Loss Subsidiaries					21 909	318	-20 827
Property Plant Equipment Gross Cost					5 509 290	5 552 136	5 524 056
Provisions					136 000	78 000	88 800	141 313
Provisions For Liabilities Balance Sheet Subtotal					136 000	78 000	88 800	141 313	185 951	498 438
Purchase Property Plant Equipment						-63 246	-87 426
Raw Materials					87 009	47 772	151 833
Repayments Borrowings Classified As Financing Activities						-150 446	-1 867 047
Social Security Costs	285 452	281 271	303 826		272 033	290 325	278 338
Staff Costs Employee Benefits Expense					2 843 129	3 182 974	3 041 056
Tax Decrease From Utilisation Tax Losses					150 358	34 166	53 487
Tax Expense Credit Applicable Tax Rate					111 413	67 458	-136	134 160
Tax Increase Decrease From Effect Capital Allowances Depreciation					46 047	29 335	36 828
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss					4 423	11 907	34 056	19 587
Tax Tax Credit On Profit Or Loss On Ordinary Activities					79 499	-55 553	10 805	100 466
Total Additions Including From Business Combinations Property Plant Equipment						154 079	143 538
Total Assets Less Current Liabilities	3 862 752	3 990 857	6 303 660	4 957 458	5 233 811	5 195 373	4 970 262	3 546 954	3 462 879	4 684 126
Total Current Tax Expense Credit					-56 501	2 447	5	9 503
Total Operating Lease Payments					5 593	10 447	8 547
Trade Creditors Trade Payables					1 623 999	1 049 954	1 529 677			25 800
Trade Debtors Trade Receivables					3 449 968	2 689 276	2 289 109	30 742
Turnover Revenue					13 223 313	12 880 883	12 754 573	248 561
Wages Salaries	2 473 162	2 494 405	2 693 843		2 357 704	2 585 838	2 470 136
Additional Provisions Increase From New Provisions Recognised								90 963
Corporation Tax Payable								11 000	10 500	13 452
Disposals Decrease In Amortisation Impairment Intangible Assets								735 772
Disposals Intangible Assets								947 522
Dividends Paid On Shares							73 136	2 022 539
Increase Decrease Due To Transfers Between Classes Property Plant Equipment								-3 140 000
Investment Property								3 750 000	3 750 000	5 000 000
Investment Property Fair Value Model								3 750 000	3 750 000	5 000 000
Recoverable Value-added Tax									140
Tax Decrease Increase From Effect Revenue Exempt From Taxation							4 743	142 747
Unused Provision Reversed								38 450
Audit Fees Expenses	13 000	15 000	15 000	15 000
Fees For Non-audit Services	7 174	2 425	8 000	4 155
Taxation Services Fees	3 000	600	700	1 000
Total Fees To Auditors	23 174	18 025	23 700	20 155
Advances Credits Directors		30 661	6 185	145 978
Advances Credits Made In Period Directors		397 240	218 288	6 214
Advances Credits Repaid In Period Directors		215 599	255 134	146 008
Company Contributions To Money Purchase Schemes Directors	37 400	33 000	36 000	36 420
Director Remuneration Benefits Including Payments To Third Parties	234 191	234 090	234 090	199 538
Maximum Liability Under Guarantees Directors			150 000	150 000
Accruals Deferred Income			492 560	608 504
Accruals Deferred Income Within One Year	403 973	171 737	205 347	126 594
Adjustment For Prior Periods Leading To An Increase Decrease In Tax Charge	-23	-32	-75 419
Aggregate Depreciation On Tangible Fixed Assets On Historical Cost Basis				18 643
Amortisation Intangible Assets Expense	56 252	56 252	56 252
Bank Overdrafts	47 409	43 774	89 428	97 600
Capital Allowances In Excess Depreciation Leading To Decrease Increase In Tax	40 935	56 466	95 637
Cash Flow Outflow Before Management Liquid Resources Financing	524 583	147 981
Cash Flow Outflow From Capital Expenditure Financial Investment		209 291	129 485
Cash Flow Outflow From Financing			1 978 427
Cash Flow Outflow From Management Liquid Resources			1 972 428
Cash Flow Outflow From Management Liquid Resources Financing		147 981
Cash Flow Outflow From Operating Activities	402 733	783 220	1 695 471
Cash Flow Outflow From Returns On Investments Servicing Finance		89 121	123 457
Commitments Under Non-cancellable Operating Leases Land Buildings	-14 247	-16 510	-10 258
Commitments Under Non-cancellable Operating Leases Other Items	-5 934	-11 802	-10 588	-7 180
Corporation Tax Due Within One Year	336 096	145 816	56 285
Corporation Tax Recoverable Current Asset			75 387	56 285
Cost Tangible Fixed Assets On Historical Cost Basis			3 902 147	3 000 000
Creditors Due After One Year	814 901	779 339	2 845 315	2 035 270
Creditors Due Within One Year	3 566 909	3 089 707	2 806 955	3 848 883
Deferred Tax Current Asset	8 450	3 200
Depreciation Tangible Fixed Assets Expense	222 030	262 689	366 974	352 389
Difference Between Accumulated Depreciation Amortisation Capital Allowances	-8 450	-3 200	56 900	28 750
Equity Dividends Paid		296 725	330 170
Expenses Not Deductible For Tax Purposes	23 305	-2 627	26 618
Finished Goods Goods For Resale	2 062 931	1 777 398	1 696 228	2 005 206
Foreign Currency Translation Gain Loss Recognised In Profit Loss			6 254
Gain Loss From Disposal Tangible Fixed Assets	-14 549	-11 492	-20 474
Historical Cost Depreciation Charge Less Actual Depreciation Charge Calculated On Revalued Amount	509	3 446
Historical Cost Profit Loss For Period	697 176	167 113	50 442
Historical Cost Profit Loss On Ordinary Activities Before Taxation	1 168 012	614 872	-451 793
Increase Decrease In Net Cash For Period	5 667	4 138	5 999
Increase Decrease In U K Corporation Tax Arising From Adjustment For Prior Periods	-23	-32	-75 419
Intangible Fixed Assets Aggregate Amortisation Impairment	358 804	415 056	471 308	527 560
Intangible Fixed Assets Amortisation Charged In Period		56 252
Intangible Fixed Assets Cost Or Valuation		562 522	562 522	562 522
Interest Payable Similar Charges	77 522	89 121	123 457
Land Buildings Operating Leases Expiring Between Two Five Years		-14 847
Land Buildings Operating Leases Expiring Within One Year	-14 247	-1 663	-10 258
Loans From Directors	150 980	165	6 185	145 978
Net Assets Liability Excluding Pension Asset Liability	3 047 851	3 211 518	2 908 885	2 284 934
Net Debt Funds	2 242 218	2 390 199	3 870 067	3 851 157
Net Increase Decrease In Shareholders Funds		163 667	50 442
New Finance Leases	-48 283	154 695	-322 420
Number Shares Allotted		1	1	1
Obligations Under Finance Lease Hire Purchase Contracts After One Year	34 809	39 387	164 006	157 733
Obligations Under Finance Lease Hire Purchase Contracts Within One Year	92 085	91 945	159 772	167 329
Obligations Under Finance Leases Hire Purchase Contracts After Five Years	-388 938	-357 188	-333 375
Obligations Under Finance Leases Hire Purchase Contracts Between One To Two Years	-42 597	-43 774	-132 714	-95 405
Obligations Under Finance Leases Hire Purchase Contracts Between Two To Five Years	-348 556	-332 681	-2 215 220	-1 782 132
Other Creditors Due Within One Year	1 374 720	1 566 233	871 932
Other Loans After Five Years By Instalments	388 938	357 188	333 375
Other Operating Leases Expiring Between Two Five Years	-4 504	-10 796	-10 381	-279
Other Operating Leases Expiring Within One Year	-1 430	-1 006	-207	-6 901
Other Reserves	6 000	6 000	6 000	6 000
Other Taxation Social Security Within One Year	249 539	286 337	293 456	253 072
Par Value Share		1	1	1
Pension Costs	207 063	163 309	197 634
Pensions Costs Defined Contribution Schemes	207 063	163 309	197 634
Prepayments Accrued Income Current Asset	108 832	116 367	117 911	109 937
Profit Loss For Period	841 893	460 392	410 827
Provisions Charged Credited To Profit Loss Account During Period		3 050
Provisions For Liabilities Charges	-6 250		56 900	28 750
Revaluation Reserve	356 521	353 075		202 132
Share Capital Allotted Called Up Paid	4	1	1	1
Short-term Borrowing Charges Including Bank Interest	36 967	42 596	36 184
Staff Costs	2 965 677	2 938 985	3 195 303
Standard Nominal Tax Rate	25	22	20
Stocks Raw Materials Consumables	31 567	45 323	48 647	64 830
Tangible Fixed Assets Additions		221 796	87 179	317 070
Tangible Fixed Assets Cost Or Valuation	2 888 365	3 035 740	5 932 666	5 428 563
Tangible Fixed Assets Depreciation	1 140 653	1 329 934	1 888 160	1 625 413
Tangible Fixed Assets Depreciation Charged In Period	-67 484	262 689	14 914	129 317
Tangible Fixed Assets Depreciation Decrease Increase On Disposals		73 408	161 823	34 459
Tangible Fixed Assets Depreciation Increase Decrease From Revaluations			481 725
Tangible Fixed Assets Disposals		74 421	204 160	42 241
Tangible Fixed Assets Increase Decrease From Revaluations				203 489
Taxation Expense Credit	161 956	336 064	145 784
Tax On Group Profit On Ordinary Activities Standard U K Tax Rate	-288 373	-136 348	-90 359
Tax On Profit Or Loss On Ordinary Activities	325 610	151 034	40 966
Total Dividend Payment	145 226	296 725	360 385	330 170
Total Recognised Gain Loss For Period			410 827
Total U K Foreign Current Tax After Adjustments Relief	336 073	145 784	-19 134
Trade Creditors Within One Year	912 107	783 700	1 124 550	1 343 299
Turnover Gross Operating Revenue	19 615 007	13 848 385	14 423 152
U K Current Corporation Tax	-336 073	-145 784	19 134
U K Current Corporation Tax On Income For Period	336 096	145 816	56 285
U K Deferred Tax	-10 463	5 250	-60 100

Company staff

Sarah B.

Role: Secretary

Appointed: 01 October 1995

Latest update: 28 March 2024

Ian C.

Role: Director

Appointed: 01 October 1995

Latest update: 28 March 2024

Robert B.

Role: Director

Appointed: 05 March 1992

Latest update: 28 March 2024

Ian C.

Role: Secretary

Appointed: 05 March 1992

Resigned: 30 September 1995

Latest update: 28 March 2024

Albert A.

Role: Director

Appointed: 05 March 1992

Resigned: 27 July 1993

Latest update: 28 March 2024

Benjamin B.

Role: Director

Appointed: 05 March 1992

Resigned: 14 December 1996

Latest update: 28 March 2024

People with significant control

The companies that control this firm are as follows: Industrial Power Units Holdings Limited owns over 3/4 of company shares and has 3/4 to full of voting rights. This business can be reached in West Bromwich at Cygnus Way, B70 0XB, West Midlands and was registered as a PSC under the registration number 11676361.

Industrial Power Units Holdings Limited

Address: 2 Cygnus Way, West Bromwich, West Midlands, B70 0XB, United Kingdom

Legal authority England And Wales

Legal form Private Limited Company

Country registered Unite Dkingdom

Place registered Companies House

Registration number 11676361

Notified on 14 January 2019

Nature of control:

over 3/4 of shares

3/4 to full of voting rights

Robert B.

Notified on 6 April 2016

Ceased on 14 January 2019

Nature of control:

over 3/4 of shares

3/4 to full of voting rights

Accounts Documents

Account next due date	30 September 2024
Account last made up date	31 December 2022
Confirmation statement next due date	19 March 2024
Confirmation statement last made up date	05 March 2023

Annual Accounts
Start Date For Period Covered By Report	2012-11-01
Annual Accounts 1 July 2015
Start Date For Period Covered By Report	2013-11-01
End Date For Period Covered By Report	2014-10-31
Date Approval Accounts	1 July 2015
Annual Accounts 25 July 2016
Start Date For Period Covered By Report	2014-11-01
End Date For Period Covered By Report	2015-10-31
Date Approval Accounts	25 July 2016
Annual Accounts
Start Date For Period Covered By Report	01 November 2017
End Date For Period Covered By Report	31 October 2018
Annual Accounts
Start Date For Period Covered By Report	01 November 2018
End Date For Period Covered By Report	31 October 2019
Annual Accounts
Start Date For Period Covered By Report	01 November 2019
End Date For Period Covered By Report	31 December 2020
Annual Accounts
Start Date For Period Covered By Report	01 January 2021
End Date For Period Covered By Report	31 December 2021
Annual Accounts
Start Date For Period Covered By Report	01 January 2022
End Date For Period Covered By Report	31 December 2022
Annual Accounts 19 May 2014
End Date For Period Covered By Report	2013-10-31
Date Approval Accounts	19 May 2014

Year / Transaction date	Council / Department / Transaction ID	No. of trans.	Total trans. value
2015	Sandwell Council	2	£ 82 512.60
2015-02-10	2015P11_004072		£ 65 152.60	Strategic Resources
2015-03-12	2015P12_003869		£ 17 360.00	Strategic Resources
2014	Sandwell Council	4	£ 567 488.00
2014-05-08	2015P02_002431		£ 496 085.00	Strategic Resources Capital
2014-11-27	2015P08_002891		£ 55 911.00	Strategic Resources
2014-12-09	2015P09_002642		£ 8 965.00	Strategic Resources
2011	Sandwell Council	1	£ 507.00
2011-01-13	2010P10_000992		£ 507.00	Thematic Business Support

Industrial Power Units Property Limited

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

Sarah B.

Ian C.

Robert B.

Ian C.

Albert A.

Benjamin B.

People with significant control

Industrial Power Units Holdings Limited

Robert B.

Accounts Documents

Company filings

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