Loughview Timber Ireland Limited in Craigavon, BT63 6BU

Description

Data updated on: 01-11-2023

The enterprise operates under the name of Loughview Timber Ireland Limited. This company was started 15 years ago and was registered with NI073210 as the reg. no. The headquarters of the company is located in Craigavon. You may find it at 4 Kernan Road, Gilford. The firm's declared SIC number is 16290 and has the NACE code: Manufacture of other products of wood; manufacture of articles of cork, straw and plaiting materials. The latest annual accounts cover the period up to 2022-12-31 and the latest annual confirmation statement was submitted on 2023-01-16.

Loughview Timber Ireland Ltd is a small-sized vehicle operator with the licence number ON1142388. The firm has one transport operating centre in the country. In their subsidiary in Craigavon , 1 machine is available.

Within the company, the majority of director's duties have been performed by Niall M. and Wendy M.. Within the group of these two managers, Wendy M. has been with the company for the longest time, having been a vital part of officers' team since 2009. In order to help the directors in their tasks, the company has been utilizing the skills of Wendy M. as a secretary since 2009.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2015-12-31	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	20 067	21 790	104 502	156 703	276 989	69 075	296 216	426 719
Current Assets	507 144	605 836	672 218	919 649	1 256 051	1 468 073	1 799 316	3 754 786
Debtors	399 577	496 546	505 216	584 946	801 062	978 998	658 100	2 408 067
Net Assets Liabilities	177 086	258 612	325 669	530 398	737 174	827 934	1 100 674	1 691 555
Other Debtors	25 589	80 899	84 351	46 282	45 826	216 495	188 605	421 390
Property Plant Equipment	139 277	148 145	137 894	347 876	333 993	408 297	655 058	677 202
Total Inventories	87 500	87 500	62 500	178 000	178 000	420 000	845 000	920 000

Other Financial Data
Accumulated Depreciation Impairment Property Plant Equipment	166 733	193 412	232 567	274 044	359 792	445 548	500 924	679 185
Additions Other Than Through Business Combinations Property Plant Equipment		61 942	28 904	251 459	88 533	160 060	345 437	225 525
Amounts Owed To Other Related Parties Other Than Directors			85 473	70 628	24 086	12 196	3 234	8 900
Average Number Employees During Period		21	15	21	26	24	27	30
Bank Borrowings Overdrafts	131 026	74 731	70 039	167 719	270 372	182 196	547 328	963 918
Corporation Tax Payable	4 242	24 620	7 454		3 003		5 599	71 838
Creditors	460 852	459 993	459 210	665 027	690 080	901 602	1 185 590	2 565 055
Depreciation Expense Property Plant Equipment	18 718	37 873
Depreciation Rate Used For Property Plant Equipment		25	25	25	25	25	25	25
Disposals Decrease In Depreciation Impairment Property Plant Equipment		11 194			10 405		34 219
Disposals Property Plant Equipment		26 395			16 668		43 300	25 120
Finished Goods	21 535	21 535
Increase From Depreciation Charge For Year Property Plant Equipment		37 873	39 155	41 477	96 153	85 756	89 595	178 261
Interest Similar Expense Payable					5 000	5 000
Net Current Assets Liabilities	46 292	145 843	213 008	254 622	565 971	566 471	613 726	1 189 731
Other Creditors	8 547	14 486	16 023	20 489	49 701	43 475	53 089	94 328
Other Taxation Social Security Payable	97 727	32 392	8 879	10 045	23 504	13 113	15 503	21 070
Property Plant Equipment Gross Cost	306 010	341 557	370 461	621 920	693 785	853 845	1 155 982	1 356 387
Taxation Including Deferred Taxation Balance Sheet Subtotal				49 356	48 382	47 350	84 433	137 592
Total Assets Less Current Liabilities	185 569	293 988	350 902	602 498	899 964	974 768	1 268 784	1 866 933
Trade Creditors Trade Payables	200 345	178 336	263 542	391 146	314 414	645 622	555 837	1 310 001
Trade Debtors Trade Receivables	373 988	415 647	420 865	538 664	755 236	762 503	469 495	1 986 677
Unpaid Contributions To Pension Schemes		130 428	85 473
Work In Progress	65 965	65 965
Advances Credits Directors		189
Advances Credits Made In Period Directors		189