Lipscomb Holdings Limited in Maidstone, ME16 8RY

Description

Data updated on: 01-11-2023

The Lipscomb Holdings Limited firm has been in this business field for nineteen years, having launched in 2005. Started with Companies House Reg No. 05551063, Lipscomb Holdings is categorised as a Private Limited Company located in 3-4 Bower Terrace, Maidstone ME16 8RY. This firm's SIC code is 68209 meaning Other letting and operating of own or leased real estate. 2022-12-31 is the last time the company accounts were reported.

The business owes its well established position on the market and unending progress to a group of two directors, namely Mark B. and Peter B., who have been supervising the firm since 2013. Additionally, the director's tasks are assisted with by a secretary - Debra B., who joined the business 16 years ago.

Executives who have control over the firm are as follows: Peter B. owns over 1/2 to 3/4 of company shares and has over 1/2 to 3/4 of voting rights. Debra B. owns 1/2 or less of company shares and has 1/2 or less of voting rights.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2019-12-31	2020-12-31	2021-12-31
Currency

Balance Sheet
Other Debtors	221 986	235 542
Property Plant Equipment	10 686 229	11 213 990	11 137 065
Total Inventories		10 971 433	9 231 909

Other Financial Data
Accrued Liabilities Deferred Income	128 641	939 275	875 784
Accumulated Depreciation Impairment Property Plant Equipment	1 099 508	1 165 798	1 255 260
Additions Other Than Through Business Combinations Property Plant Equipment		594 051	46 513
Administrative Expenses		4 725 692	5 212 703
Amounts Owed To Group Undertakings	707 245	525 171	410 653
Average Number Employees During Period	3	3	112
Bank Borrowings	3 215 134	3 200 000	2 360 954
Bank Borrowings Overdrafts	3 400 000	877 949	607 469
Bank Overdrafts		27 949	407 469
Carrying Amount Under Cost Model Revalued Assets Property Plant Equipment	3 248 648	156 907	131 463
Cash Cash Equivalents	293 516	348 545	-405 969
Corporation Tax Recoverable	56 097	49 291
Cost Sales		51 835 436	63 208 828
Creditors		1 802 953	1 139 196
Current Tax For Period		110 000	576 500
Deferred Tax Expense Credit Relating To Changes In Tax Rates Or Laws			193 500
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences		116 700	28 500
Depreciation Expense Property Plant Equipment		159 394	187 191
Dividends Paid Classified As Financing Activities	-141 340	-141 920	-333 753
Dividends Received Classified As Investing Activities		-800 000	-500 000
Finance Lease Liabilities Present Value Total		148 754	101 993
Finance Lease Payments Owing Minimum Gross		51 088	51 088
Finished Goods Goods For Resale		10 971 433	9 231 909
Further Item Tax Increase Decrease Component Adjusting Items		6 807	-9 354
Future Finance Charges On Finance Leases		13 882	7 839
Gain Loss On Disposals Property Plant Equipment		986	-29 166
Government Grant Income		411 995	144 969
Increase Decrease In Current Tax From Adjustment For Prior Periods		6 807	-9 354
Increase From Depreciation Charge For Year Property Plant Equipment		66 290	91 419
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings		171 461	120 342
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts		7 711	6 043
Interest Paid Classified As Operating Activities			-229 475
Interest Payable Similar Charges Finance Costs	209 013	290 802	229 475
Interest Received Classified As Investing Activities		-64	-162
Investments Fixed Assets	159 020	173 775	188 530
Investments In Subsidiaries	159 020	173 775	188 530
Loans From Group Undertakings Participating Interests	3 400 000	3 000 000	3 000 000
Net Finance Income Costs		800 064	500 162
Other Creditors	150 000	230 328	4 679 455
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment			1 957
Other Disposals Property Plant Equipment			33 976
Other Interest Receivable Similar Income Finance Income		127	162
Other Provisions Balance Sheet Subtotal			55 000
Other Remaining Borrowings	3 400 000	3 000 000	116 667
Pension Other Post-employment Benefit Costs Other Pension Costs	48 998	10 000	59 500
Percentage Class Share Held In Subsidiary		100	100
Prepayments Accrued Income	114 600	93 492	128 165
Profit Loss	704 142	948 457	644 798
Property Plant Equipment Gross Cost	11 785 737	12 379 788	12 392 325
Purchase Property Plant Equipment	-3 635 142	-639 984	-106 188
Social Security Costs	2 283	4 871	-964
Staff Costs Employee Benefits Expense	68 471	33 927	84 578
Taxation Including Deferred Taxation Balance Sheet Subtotal		502 000	682 000
Tax Decrease From Utilisation Tax Losses		19 901
Tax Increase Decrease From Effect Capital Allowances Depreciation		21 407	15 461
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss		4 331	3 362
Tax Tax Credit On Profit Or Loss On Ordinary Activities	116 813	70 506	235 411
Total Borrowings		947 949	677 469
Total Current Tax Expense Credit		116 807	567 146
Total Deferred Tax Expense Credit		116 700	222 000
Trade Creditors Trade Payables		3 767 661	2 581 562
Trade Debtors Trade Receivables		784 134	662 661
Turnover Revenue		57 332 135	71 178 320
Wages Salaries	17 190	19 056	26 042

Company staff

Mark B.

Role: Director

Appointed: 31 December 2013

Latest update: 2 January 2024

Debra B.

Role: Secretary

Appointed: 04 April 2008

Latest update: 2 January 2024