Megasteel Ltd in Malmesbury, SN16 0ES

Description

Data updated on: 01-11-2023

Megasteel Ltd with the registration number 02665353 has been competing in the field for 33 years. The Private Limited Company can be contacted at The Old Byre Rodbourne Rail Farm, Grange Lane in Malmesbury and its post code is SN16 0ES. It changed its name two times. Before 2014 this company has been working on providing the services it's been known for under the name of Megasteel Partners but at this moment this company is listed under the name Megasteel Ltd. This enterprise's declared SIC number is 46720 and has the NACE code: Wholesale of metals and metal ores. The latest annual accounts were submitted for the period up to October 31, 2022 and the most recent confirmation statement was filed on November 22, 2022.

In order to satisfy their clientele, this specific business is being guided by a number of five directors who are, to mention just a few, Catherine R., Luke R. and Maiya R.. Their successful cooperation has been of great importance to the business since 2023. In addition, the director's responsibilities are backed by a secretary - Nigel R., who joined the business on 1991-11-22.

Previous company's names
Megasteel Ltd 2014-08-31
Megasteel Partners Limited 2007-04-23
Megasteel Limited 1991-11-22

Financial data based on annual reports

Profit & Loss
Date of Accounts	2013-10-31	2014-10-31	2017-10-31	2018-10-31	2020-10-31	2021-10-31	2022-10-31
Currency
Net Worth	3 449 525	3 795 456

Balance Sheet
Cash Bank On Hand			3 601 591	4 146 716	4 578 310	4 260 856
Current Assets			9 694 376	12 284 719	8 133 219	12 469 155	20 609 159
Debtors	3 491 583	3 885 390	3 552 945	4 562 936	2 202 082	3 522 105
Property Plant Equipment			2 351		15 752	7 993
Total Inventories			2 539 840	3 575 067	1 352 827	4 686 194	8 278 560

Capital & Reserves
Called Up Share Capital	100	100
Profit Loss Account Reserve	3 449 425	3 795 356
Shareholder Funds	3 449 525	3 795 456

Other Financial Data
Company Contributions To Money Purchase Plans Directors			80 000	80 000
Director Remuneration			16 000	16 000
Dividend Recommended By Directors				170 050
Number Directors Accruing Benefits Under Money Purchase Scheme			2	2
Accrued Liabilities			8 275	8 275	8 700	9 100	9 100
Accumulated Amortisation Impairment Intangible Assets			295 827	394 436	591 654	690 263
Accumulated Depreciation Impairment Property Plant Equipment			7 509		7 758	15 517	23 510
Administrative Expenses			417 813	389 991
Amortisation Expense Intangible Assets			98 609	98 609
Amounts Owed By Directors					238 195	69 330
Amounts Owed To Directors				1 941			102 235
Applicable Tax Rate			19	19
Average Number Employees During Period			5	5	44	45	46
Cash Cash Equivalents Cash Flow Value			3 601 591
Comprehensive Income Expense			851 719	1 248 427	394 545	2 144 795	4 515 093
Corporation Tax Payable			232 279	318 721		509 484
Cost Sales			12 851 989	17 628 573
Creditors			4 139 353	5 550 359	1 750 773	5 434 155
Creditors Due Within One Year	42 058	89 934
Current Tax For Period			232 279	318 721
Depreciation Amortisation Expense			100 864	98 609
Depreciation Expense Property Plant Equipment			2 255
Disposals Decrease In Depreciation Impairment Property Plant Equipment				7 509
Disposals Property Plant Equipment				9 860
Dividends Paid				170 050	276 000	1 500 000	500 000
Dividends Paid Classified As Financing Activities				-170 050
Dividends Paid On Shares Interim				170 050
Fixed Assets			692 614	591 654	2 936 563	2 830 195
Further Operating Expense Item Component Total Operating Expenses			7 500	7 583
Future Minimum Lease Payments Under Non-cancellable Operating Leases			6 250	8 000	8 000	8 000
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss			-11 795	-699
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables			1 963 801	1 322 623
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables			-1 757 335	-1 020 362
Gain Loss On Disposal Assets Income Statement Subtotal			-8 226	-2 351
Gain Loss On Disposals Property Plant Equipment			-8 226	-2 351
Gross Profit Loss			1 491 064	1 947 303
Income Taxes Paid Refund Classified As Operating Activities			-294 090	-232 279
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation			-166 226	545 125
Increase Decrease In Stocks Inventories Finished Goods Work In Progress			1 258 267	1 035 227
Increase From Amortisation Charge For Year Intangible Assets				98 609		98 609
Intangible Assets			690 263	591 654	394 436	295 827
Intangible Assets Gross Cost			986 090		986 090	986 090
Interest Income On Bank Deposits			10 747	9 836
Loans Advances Granted To Other Related Parties Classified As Financing Activities			-23 743	1 941
Merchandise			2 539 840	3 575 067	1 352 827	4 686 194	8 278 560
Net Cash Flows From Used In Financing Activities			23 743	157 738
Net Cash Flows From Used In Investing Activities			-21 067	-9 836
Net Cash Flows From Used In Operating Activities			163 550	-693 027
Net Cash Generated From Operations			-130 540	-925 306
Net Current Assets Liabilities	3 449 525	3 795 456	5 555 023	6 734 360	6 382 446	7 035 000
Net Interest Received Paid Classified As Investing Activities			-10 747	-9 836
Number Shares Allotted		100
Number Shares Issued Fully Paid				2		2	2
Operating Profit Loss			1 073 251	1 557 312
Other Creditors			1 928	1 205	614 977	3 325
Other Interest Receivable Similar Income Finance Income			10 747	9 836
Par Value Share		1		1		1	1
Pension Other Post-employment Benefit Costs Other Pension Costs			95 148	80 670
Prepayments Accrued Income			6 250	6 667
Proceeds From Sales Property Plant Equipment			-10 320
Profit Loss			851 719	1 248 427	478 321	2 046 186	4 515 093
Profit Loss On Ordinary Activities Before Tax			1 083 998	1 567 148
Property Plant Equipment Gross Cost			9 860		23 510	23 510
Recoverable Value-added Tax				341 206
Share Capital Allotted Called Up Paid	100	100
Social Security Costs			8 096	1 904
Staff Costs Employee Benefits Expense			203 005	174 824
Tax Expense Credit Applicable Tax Rate			210 404	297 758
Tax Increase Decrease From Effect Capital Allowances Depreciation			19 087	14 850
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss			2 788	6 113
Tax Tax Credit On Profit Or Loss On Ordinary Activities			232 279	318 721
Total Assets Less Current Liabilities	3 449 525	3 795 456	6 247 637	7 326 014	9 319 009	9 865 195
Trade Creditors Trade Payables			3 835 616	5 220 217	1 054 914	4 819 451	7 844 620
Trade Debtors Trade Receivables			3 536 324	4 215 063	1 840 375	3 377 575	3 846 214
Turnover Revenue			14 343 053	19 575 876
Value-added Tax Payable			61 255		72 182	92 795	862 343
Wages Salaries			99 761	92 250
Amounts Owed By Group Undertakings					75 200	75 200
Balances With Banks						4 260 856	8 484 385
Cash Cash Equivalents						4 260 856	8 484 385
Corporation Tax Recoverable					48 312
Current Liabilities						5 434 155	9 626 273
Current Tax Liabilities						509 484	791 050
Equity Liabilities						15 989 613	24 196 824
Increase From Depreciation Charge For Year Property Plant Equipment						7 759	7 993
Intangible Assets Including Right-of-use Assets						986 090	986 090
Investments Fixed Assets					2 526 375	2 526 375
Investments In Group Undertakings					2 526 375	2 526 375
Net Assets Liabilities Subsidiaries					-938 593	-1 406 808	-2 220 655
Non-current Assets						3 520 458	3 587 665
Other Payables						3 325	16 925
Percentage Class Share Held In Subsidiary						100	100
Profit Loss Subsidiaries					182 732	463 794	828 759
Property Plant Equipment Excluding Right-of-use Assets						7 993
Property Plant Equipment Including Right-of-use Assets						7 993
Total Assets						15 989 613	24 196 824
Total Liabilities						5 434 155	9 626 273
Trade Other Payables						4 924 671	8 835 223
Trade Other Receivables						3 522 105	3 846 214

Company staff

Catherine R.

Role: Director

Appointed: 26 July 2023

Latest update: 4 May 2024

Luke R.

Role: Director

Appointed: 26 July 2023

Latest update: 4 May 2024

Maiya R.

Role: Director

Appointed: 26 July 2023

Latest update: 4 May 2024

Bella R.

Role: Director

Appointed: 01 December 1998

Latest update: 4 May 2024

Nigel R.

Role: Secretary

Appointed: 22 November 1991

Latest update: 4 May 2024

Nigel R.

Role: Director

Appointed: 22 November 1991

Latest update: 4 May 2024

People with significant control

The companies with significant control over this firm are as follows: Engineering Acquisitions Limited owns over 3/4 of company shares and has 3/4 to full of voting rights. This business can be reached in Malmesbury at Grange Lane, SN16 0ES, Wiltshire and was registered as a PSC under the reg no 15056975.

Engineering Acquisitions Limited

Address: Rodbourne Rail Business Centre Grange Lane, Malmesbury, Wiltshire, SN16 0ES, United Kingdom

Legal authority Uk

Legal form Limited Company

Country registered England And Wales

Place registered England & Wales

Registration number 15056975

Notified on 17 September 2023

Nature of control:

over 3/4 of shares

3/4 to full of voting rights

right to manage directors

Bella R.

Notified on 6 April 2016

Ceased on 17 September 2023

Nature of control:

1/2 or less of shares

Nigel R.

Notified on 6 April 2016

Ceased on 17 September 2023

Nature of control:

1/2 or less of shares

Accounts Documents

Account next due date	31 July 2024
Account last made up date	31 October 2022
Confirmation statement next due date	06 December 2023
Confirmation statement last made up date	22 November 2022

Annual Accounts 16 February 2015
Start Date For Period Covered By Report	01 November 2013
End Date For Period Covered By Report	31 October 2014
Date Approval Accounts	16 February 2015
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 2020
End Date For Period Covered By Report	31 October 2021
Annual Accounts
Start Date For Period Covered By Report	01 November 2021
End Date For Period Covered By Report	31 October 2022

Megasteel Ltd

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

Catherine R.

Luke R.

Maiya R.

Bella R.

Nigel R.

Nigel R.

Bella R.

Deborah R.

People with significant control

Engineering Acquisitions Limited

Bella R.

Nigel R.

Accounts Documents

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