Magna Welding Limited in Driffield, YO25 6RA

Description

Data updated on: 01-11-2023

Magna Welding came into being in 2012 as a company enlisted under no 08031688, located at YO25 6RA Driffield at 6 George Street. The company has been in business for 12 years and its state is active. This business's classified under the NACE and SIC code 71129 which stands for Other engineering activities. Magna Welding Ltd released its latest accounts for the period that ended on 2022-06-30. The company's most recent confirmation statement was submitted on 2023-09-11.

In order to satisfy their client base, this business is constantly improved by a number of two directors who are Nicholas L. and Neil W.. Their joint efforts have been of extreme importance to this business since 2019.

Neil W. is the individual with significant control over this firm, owns over 3/4 of company shares and has 3/4 to full of voting rights.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2013-06-30	2015-06-30	2016-06-30	2017-06-30	2018-06-30	2019-06-30	2020-06-30	2021-06-30	2022-06-30	2023-06-30
Currency
Net Worth	84 380	-13 552	37 198

Balance Sheet
Cash Bank In Hand	40 527	42 126	1 268
Cash Bank On Hand			1 268	62 862	46 325	14 732	127 316	41 119	9 492	17 801
Current Assets	110 700	106 282	176 328	243 051	254 338	272 374	179 368	250 887	185 551	175 924
Debtors	70 173	64 156	175 060	180 189	208 013	195 651	52 052	152 153	98 938	119 562
Net Assets Liabilities			37 198	37 121	112 160	133 201	59 468	22 974	24 832	53 551
Net Assets Liabilities Including Pension Asset Liability	84 380	-13 552	37 198
Other Debtors			4 000	4 000	4 000
Property Plant Equipment			39 846	33 527	25 146	55 526	61 955	46 464	35 379	30 253
Tangible Fixed Assets	20 112	13 926	39 846
Total Inventories						61 991		57 615	77 121	38 561

Capital & Reserves
Called Up Share Capital	100	100	100
Profit Loss Account Reserve	84 280	-13 652	37 098
Shareholder Funds	84 380	-13 552	37 198

Other Financial Data
Accrued Liabilities			1 250	1 250	1 500	2 200	2 200	3 830	2 719	2 739
Accumulated Depreciation Impairment Property Plant Equipment			9 622	15 941	24 322	33 942	52 513	68 004	79 632	88 797
Additional Provisions Increase From New Provisions Recognised				-1 379	-1 522	5 721	-8 382
Average Number Employees During Period				12	12	10	10	9	10	14
Bank Borrowings Overdrafts						9 237	9 837	15 336	10 001	10 000
Corporation Tax Payable				902	26 248	31 399	11 916	2 366	1 910	10 030
Corporation Tax Recoverable									2 420
Creditors			171 246	233 106	162 495	28 946	61 478	40 000	30 485	20 742
Creditors Due Within One Year	42 410	133 760	171 246
Deferred Tax Liabilities			7 730	6 351	4 829	10 550	2 168
Finance Lease Liabilities Present Value Total						12 778	5 556	5 556
Increase From Depreciation Charge For Year Property Plant Equipment				6 319	8 381	9 620	18 571	15 491	11 628	9 165
Net Current Assets Liabilities	68 290	-27 478	5 082	9 945	91 843	117 171	61 159	25 338	26 660	49 839
Nominal Value Shares Issued Specific Share Issue						1
Number Shares Allotted	100		100
Number Shares Issued Fully Paid				100	100	1	1	1	1	1
Number Shares Issued Specific Share Issue						1
Other Creditors				50 000	30 000	25 000	20 000	14 000	9 500	9 500
Other Taxation Social Security Payable			3 359				12 140	46 154	42 746	30 705
Par Value Share	1		1	1	1	1	1	1	1	1
Property Plant Equipment Gross Cost			49 468	49 468	49 468	89 468	114 468	114 468	115 011	119 050
Provisions			7 730	6 351	4 829	10 550	2 168
Provisions For Liabilities Balance Sheet Subtotal			7 730	6 351	4 829	10 550	2 168	8 828	6 722	5 799
Provisions For Liabilities Charges	4 022		7 730
Recoverable Value-added Tax										3 802
Share Capital Allotted Called Up Paid	100	100	100
Tangible Fixed Assets Additions	20 995		34 935
Tangible Fixed Assets Cost Or Valuation	20 995	24 128	49 468
Tangible Fixed Assets Depreciation	883	10 202	9 622
Tangible Fixed Assets Depreciation Charged In Period	883		3 978
Tangible Fixed Assets Depreciation Decrease Increase On Disposals			4 558
Tangible Fixed Assets Disposals			9 595
Total Additions Including From Business Combinations Property Plant Equipment						40 000	25 000		543	4 039
Total Assets Less Current Liabilities	88 402	-13 552	44 928	43 472	116 989	172 697	123 114	71 802	62 039	80 092
Trade Creditors Trade Payables			38 855	19 900	14 617	30 385	31 166	45 326	56 388	51 645
Trade Debtors Trade Receivables			171 060	156 330	135 037	103 379	52 052	152 153	96 518	115 760
Fixed Assets	20 112

Company staff

Nicholas L.

Role: Director

Appointed: 31 January 2019

Latest update: 20 January 2024

Neil W.

Role: Director

Appointed: 16 April 2012

Latest update: 20 January 2024

People with significant control

Neil W.

Notified on 6 April 2017

Nature of control:

over 3/4 of shares

3/4 to full of voting rights

Accounts Documents

Account next due date	31 March 2024
Account last made up date	30 June 2022
Confirmation statement next due date	25 September 2024
Confirmation statement last made up date	11 September 2023

Annual Accounts 6 December 2013
Start Date For Period Covered By Report	2012-04-16
End Date For Period Covered By Report	2013-06-30
Date Approval Accounts	6 December 2013
Annual Accounts 2 December 2016
Start Date For Period Covered By Report	01 July 2015
End Date For Period Covered By Report	30 June 2016
Date Approval Accounts	2 December 2016
Annual Accounts
Start Date For Period Covered By Report	01 July 2016
End Date For Period Covered By Report	30 June 2017
Annual Accounts
Start Date For Period Covered By Report	01 July 2017
End Date For Period Covered By Report	30 June 2018
Annual Accounts
Start Date For Period Covered By Report	01 July 2018
End Date For Period Covered By Report	30 June 2019
Annual Accounts
Start Date For Period Covered By Report	01 July 2019
End Date For Period Covered By Report	30 June 2020
Annual Accounts
Start Date For Period Covered By Report	01 July 2020
End Date For Period Covered By Report	30 June 2021
Annual Accounts
Start Date For Period Covered By Report	01 July 2021
End Date For Period Covered By Report	30 June 2022
Annual Accounts
Start Date For Period Covered By Report	01 July 2022
End Date For Period Covered By Report	30 June 2023

Magna Welding Limited

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

Nicholas L.

Neil W.

Jayne T.

People with significant control

Neil W.

Accounts Documents

Company filings

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