L.b. Foster Rail Technologies (UK) Limited in Newcastle Upon Tyne, NE2 1SQ

Description

Data updated on: 01-11-2023

Located at 5 Osborne Terrace, Newcastle Upon Tyne NE2 1SQ L.b. Foster Rail Technologies (UK) Limited is a Private Limited Company with 03939427 Companies House Reg No. This firm appeared on 2000-03-03. The firm changed its name four times. Before 2012 this firm has been working on providing the services it's been known for as L.b. Foster Rail Products (UK) but now this firm is listed under the name L.b. Foster Rail Technologies (UK) Limited. This business's principal business activity number is 28990: Manufacture of other special-purpose machinery n.e.c.. The company's latest filed accounts documents describe the period up to 2022/12/31 and the most current confirmation statement was filed on 2023/02/20.

Given this specific enterprise's magnitude, it was necessary to choose more executives, among others: Sean R., Neil S., John K. who have been aiding each other since January 2022 to fulfil their statutory duties for this limited company.

Previous company's names
L.b. Foster Rail Technologies (UK) Limited 2012-08-23
L.b. Foster Rail Products (UK) Limited 2012-08-16
Portec Rail Products (UK) Limited 2000-06-13
Torvale Fisher 2000 Limited 2000-04-06
Portec 2000 Limited 2000-03-03

Financial data based on annual reports

Profit & Loss
Date of Accounts	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31
Currency

Balance Sheet
Cash Bank On Hand	5 977 745	4 493 097	1 289 343	1 223 255	701 747	1 054 003	405 273
Current Assets	13 988 231	11 982 965	9 392 790	11 289 620	8 656 914	10 293 614	10 774 183
Debtors	332 000	6 230 647	6 902 950	8 864 473	6 630 917	8 030 356	8 622 043
Net Assets Liabilities	30 086 319	30 034 713	26 099 477	25 674 847	23 854 527	24 591 571	21 609 046
Other Debtors	38 729	16 742	12 192	29 760	218 429	298	225 572
Property Plant Equipment	87 910	53 479	56 622	23 966	15 117	8 141	23 241
Total Inventories	1 688 554	1 079 221	1 013 497	969 892	1 004 950	1 209 255	1 746 867

Other Financial Data
Audit Fees Expenses	40 300	46 100	37 273	49 000	27 850	30 400	33 200
Other Non-audit Services Fees					25 525	21 275	23 400
Taxation Compliance Services Fees					8 160	9 700	10 600
Accrued Liabilities Deferred Income	460 580	449 020	1 228 144	840 712	760 805	722 527	1 095 891
Accumulated Amortisation Impairment Intangible Assets	1 942 939	2 662 749	3 382 895	4 103 041	4 826 248	5 549 454	6 247 888
Accumulated Depreciation Impairment Property Plant Equipment	1 965 019	1 999 450	360 596	390 752	399 601	406 577	413 080
Additions Other Than Through Business Combinations Intangible Assets		5 500			9 184
Additions Other Than Through Business Combinations Property Plant Equipment			23 425				21 603
Administrative Expenses	4 384 959	4 851 599	5 501 398	5 553 391	4 483 566	5 324 121	6 567 587
Amortisation Expense Intangible Assets				720 146	723 207	723 206	698 434
Amounts Owed By Group Undertakings				4 511 538	3 629 488	5 569 839	6 224 815
Amounts Owed By Parent Entities	36 064	8 629
Amounts Owed To Group Undertakings	116 954	90 423					16 667
Amounts Owed To Parent Entities	255 067	42 994	236 447	418 951	547 901	1 050 999
Amounts Owed To Subsidiaries	2 721 223	1 989 782	2 067 422	2 300 595	2 183 410	2 721 729	2 336 169
Amounts Recoverable On Contracts	1 772 814	1 179 181	969 031	1 168 978	627 617	745 928	337 824
Average Number Employees During Period	83	86	88	82	81	77	79
Bank Borrowings							9 500 000
Bank Borrowings Overdrafts							9 500 000
Comprehensive Income Expense	-328 311	-52 717	18 772 385	-460 472	2 420 772	737 044	-2 254 012
Corporation Tax Payable	33 977		6 270	62 603	165 965	106 002
Corporation Tax Recoverable		10 376					11 494
Cost Inventories Recognised As Expense Gross	7 095 151	8 265 099	7 528 407
Cost Sales	8 626 286	9 892 456	9 813 285	8 367 254	7 681 220	6 511 724	7 104 197
Creditors	6 158 473	4 217 072	4 882 171	6 201 829	-5 843 000	-6 229 000	10 468 609
Current Tax For Period	198 404	-13 915	6 270	62 603	164 932	103 147
Deferred Tax Asset Debtors	332 000	180 000	187 000	232 000	319 300	135 000
Deferred Tax Expense Credit Relating To Changes In Tax Rates Or Laws	573	1 082			-28 399	-1 697
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences	402	7 811	40 845	25 112	-3 911	1 139	51 500
Depreciation Expense Property Plant Equipment				32 656	8 849	6 976	6 503
Distribution Costs	249 932	281 903	372 707	426 709	391 278	431 159	458 994
Dividend Income From Group Undertakings			21 679 235		6 708 123	105 000
Dividends Paid					4 114 654
Dividends Paid Classified As Financing Activities			-22 786 157
Dividends Paid On Shares				4 523 657
Dividends Paid On Shares Interim					4 114 654
Equity Settled Share-based Payments Increase Decrease In Equity	6 664	1 111	78 536	35 842	32 136
Finished Goods Goods For Resale	790 408	356 620	189 778	191 568	423 416	325 231	587 003
Fixed Assets	24 101 561	23 352 820	22 714 858	21 962 056	21 495 053	20 872 847	26 690 195
Further Item Creditors Component Total Creditors							968 609
Further Item Gain Loss In Other Comprehensive Income Before Tax Component Total Other Comprehensive Income Before Tax		-135 000	39 000
Further Item Interest Expense Component Total Interest Expense				1 482	6 342	14 627	1 023
Further Item Operating Expense Loss Income Statement Item Component Operating Profit Loss					3 966 857	-158 574	379 529
Further Item Operating Income Gain Income Statement Item Component Operating Profit Loss	675 534	22 568
Further Item Tax Increase Decrease Component Adjusting Items	-23	138 388	136 619	136 619	136 619	5 595	101 821
Future Minimum Lease Payments Under Non-cancellable Operating Leases				878 408	851 283	546 083	684 847
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss	245 827	171 974	73 484	-33 754	140 450	-206 852	-388 240
Gain Loss On Disposals Property Plant Equipment		5 462	1 168	11 715
Gain Loss On Reclassification Cash Flow Hedges To Profit Or Loss From Equity Before Tax	177 000	-135 000
Gain Loss On Remeasurement Defined Benefit Plans Before Tax In Other Comprehensive Income	-1 178 000	682 000	-50 000	-444 000	-508 000	934 000	333 000
Gain Loss On Revaluation Property Plant Equipment Before Tax In Other Comprehensive Income	-1 178 000	682 000
Government Grant Income			28 130		95 640	22 921	12 336
Gross Profit Loss	4 837 583	4 573 461	3 773 511	4 448 202	3 949 957	3 089 270	3 896 440
Impairment Loss Other Non-financial Assets				-14 109	-26 204
Impairment Loss Reversal On Investments							175 169
Income Tax Expense Credit On Components Other Comprehensive Income	-177 000	135 000	-39 000	-76 000	-50 000	195 300	83 500
Increase Decrease In Current Tax From Adjustment For Prior Periods		20 194					2 344
Increase From Amortisation Charge For Year Intangible Assets		719 810	720 146		723 207	723 206	698 434
Increase From Depreciation Charge For Year Property Plant Equipment		34 431	20 282		8 849	6 976	6 503
Intangible Assets	6 678 259	5 963 949	5 243 803	4 523 657	3 809 634	3 086 428	2 387 994
Intangible Assets Gross Cost	8 621 198	8 626 698		8 626 698	8 635 882	8 635 882
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings							233 455
Interest Expense On Liabilities Defined Benefit Plan	29 000	48 000	24 000	28 000	25 000	17 000	8 000
Interest Income				53 308	35 813	48 764
Interest Income From Group Undertakings Participating Interests			138 755	51 990	35 147	48 764	36 473
Interest Income On Bank Deposits	9 289	1 834	1 793	1 318	666
Interest Income On Financial Assets That Are Not Fair Value Through Profit Or Loss	9 289	1 834
Interest Payable Similar Charges Finance Costs	29 000	48 906	24 000	29 482	31 342	31 627	291 864
Investments				17 414 433	17 670 302	17 778 278	24 278 960
Investments Fixed Assets	17 335 392	17 335 392	17 414 433	17 414 433	17 670 302	17 778 278	24 278 960
Investments In Subsidiaries				16 737 107	16 992 976	17 100 952	23 601 634
Loans From Group Undertakings						1 185 185
Loans To Subsidiaries				677 326	677 326	677 326	677 326
Loss Gain From Write-downs Reversals Inventories	115 208	88 571	25 203	14 109	26 204	60 277	5 457
Net Current Assets Liabilities	7 829 758	7 765 893	4 510 619	5 087 791	4 047 474	4 713 396	5 387 460
Net Finance Income Costs	9 716	1 834	21 820 042	53 308	6 743 936	153 764	36 473
Number Equity Instruments Exercisable Share-based Payment Arrangement				206
Number Equity Instruments Granted Share-based Payment Arrangement					3 168
Number Equity Instruments Outstanding Share-based Payment Arrangement			8 446	5 846	4 014
Operating Profit Loss	891 352	-537 473	-2 072 464	-28 583	-3 484 639	-21 204	-2 019 108
Other Comprehensive Income Expense Before Tax	-1 001 000	547 000	-11 000	-368 000	-458 000
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment			1 659 136
Other Disposals Property Plant Equipment			1 659 136
Other Interest Receivable Similar Income Finance Income	9 716	1 834		53 308	6 743 936	153 764	36 473
Other Operating Income Format1	13 126		28 130	1 503 315	1 407 105	1 654 572	1 490 562
Other Provisions Balance Sheet Subtotal				10 000	10 000
Other Remaining Borrowings						1 185 185
Other Taxation Social Security Payable	261 775	142 548	260 381	383 785	88 031	242 732	296 039
Payments Received On Account	864 256	375 156	116 417	956 889	195 842	82 308	608 270
Pension Other Post-employment Benefit Costs Other Pension Costs	169 246	151 590	349 537	193 741	177 867	185 081	278 073
Percentage Class Share Held In Subsidiary		100	100		100	100	100
Prepayments Accrued Income	616 538	25 608	19 232	377 276	223 041	192 746	54 799
Profit Loss	672 689	-599 717	18 783 385	-92 472	2 878 772	-1 656	-2 503 512
Profit Loss On Ordinary Activities Before Tax	872 068	-584 545	19 723 578	-4 757	3 227 955	100 933	-2 449 668
Property Plant Equipment Gross Cost	2 052 929	2 052 929	417 218	414 718	414 718	414 718	436 321
Provisions For Liabilities Balance Sheet Subtotal		25 000	25 000
Raw Materials Consumables	811 451	695 250	794 796	700 309	435 686	685 896	835 361
Redemption Shares Decrease In Equity					158 574
Research Development Expense Recognised In Profit Or Loss	23 363	23 696	47 890	10 089	8 163	13 151	98 842
Retirement Benefit Obligations Surplus	1 845 000	1 059 000	1 101 000	1 365 000	1 678 000	538 000
Share-based Payment Expense Cash Settled	6 664	1 111	78 536	35 842	32 136
Social Security Costs	291 432	354 503	434 271	431 123	370 922	272 634	275 674
Staff Costs Employee Benefits Expense	3 460 216	3 918 366	4 695 005	4 427 074	3 873 485	3 651 576	3 692 162
Tax Decrease Increase From Effect Revenue Exempt From Taxation						30 129
Tax Expense Credit Applicable Tax Rate				-904	613 311	-138 838	-465 437
Tax Increase Decrease Arising From Group Relief Tax Reconciliation	-49 903		265 929				118 546
Tax Increase Decrease From Effect Adjustment In Research Development Tax Credit	-48 423	-22 349		-40 982	-23 835
Tax Increase Decrease From Effect Different Tax Rates On Some Earnings					-28 399	4 418
Tax Increase Decrease From Effect Different U K Tax Rates On Some Earnings	573	1 082
Tax Increase Decrease From Effect Dividends From Companies					-1 274 543	-19 950
Tax Increase Decrease From Effect Dividends From U K Companies			-4 119 055
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	8 532	2 747		7 508	765 048	24 987	154 307
Tax Increase Decrease From Effect Unrelieved Tax Losses Carried Forward							288 000
Tax Tax Credit On Profit Or Loss On Ordinary Activities	199 379	15 172	940 193	87 715	349 183	-558	53 844
Total Assets Less Current Liabilities	31 931 319	31 118 713	27 225 477	27 049 847	25 542 527	25 586 243	32 077 655
Total Borrowings						1 185 185	9 500 000
Total Current Tax Expense Credit	198 404	6 279	899 348	62 603	381 493	103 147
Total Deferred Tax Expense Credit	975	8 893	40 845	25 112	-32 310	-558	51 500
Total Operating Lease Payments		236 559	257 606	273 980	253 706	255 581	269 657
Trade Creditors Trade Payables	1 444 641	1 127 149	967 090	1 238 294	667 486	757 068	711 655
Trade Debtors Trade Receivables	2 843 960	2 147 842	2 880 034	2 761 489	1 921 900	1 386 545	1 767 539
Turnover Revenue	13 463 869	14 465 917	13 586 796	12 815 456	11 631 177	9 600 994	11 000 637
Unwinding Discount On Provisions Expense							49 386
Voting Power In Subsidiary If Different From Ownership Interest Percent					100	100	100
Wages Salaries	2 999 538	3 412 273	3 911 197	3 802 210	3 324 696	3 193 861	3 138 415
Weighted Average Exercise Price Equity Instruments Exercisable Share-based Payment Arrangement				0
Weighted Average Exercise Price Equity Instruments Exercised Share-based Payment Arrangement				0	0
Weighted Average Exercise Price Equity Instruments Granted Share-based Payment Arrangement					0
Weighted Average Exercise Price Equity Instruments Outstanding Share-based Payment Arrangement			0	0	0
Work In Progress				78 015	145 848	198 128	324 503
Amount Received Or Receivable Under Long-term Incentive Schemes Directors						18 342	29 992
Company Contributions To Defined Benefit Plans Directors	50 311	44 654	38 843	24 533	22 386	43 570	76 421
Director Remuneration				361 290	290 527	317 801	490 062
Director Remuneration Benefits Including Payments To Third Parties				385 823	312 913	379 713	596 475