Metal Drum Company Limited(the) in Co Durham, DL17 0NU

Description

Data updated on: 01-11-2023

Registered with number 00703681 63 years ago, Metal Drum Company Limited(the) was set up as a Private Limited Company. The present office address is Dene Bridge Road, Chilton Co Durham. This enterprise's SIC and NACE codes are 25910 which means Manufacture of steel drums and similar containers. The most recent annual accounts were submitted for the period up to 31st May 2022 and the most current confirmation statement was released on 11th May 2023.

The data obtained describing the firm's management reveals a leadership of two directors: Samuel B. and Jonica B. who assumed their respective positions on 2016/11/03 and 1992/05/08. To provide support to the directors, this specific firm has been utilizing the skills of Helen B. as a secretary since the appointment on 2017/11/01.

Executives who control this firm include: Michael B. owns 1/2 or less of company shares and has 1/2 or less of voting rights. Colin F. owns 1/2 or less of company shares and has 1/2 or less of voting rights. Samuel 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	2020-05-31	2021-05-31	2022-05-31
Currency

Balance Sheet
Cash Bank On Hand	1 510 332	2 324 388	2 732 802
Current Assets	4 594 956	7 649 723	8 779 955
Debtors	1 719 554	2 802 578	3 272 047
Net Assets Liabilities	4 122 231	5 530 873	7 062 393
Other Debtors	69 922
Property Plant Equipment	1 730 917	2 154 247	2 302 199
Total Inventories	1 365 070	2 522 757	2 775 106

Other Financial Data
Audit Fees Expenses	6 500	6 750	7 250
Fees For Non-audit Services	1 200	1 200	1 200
Accrued Liabilities Deferred Income	91 738	92 071	97 275
Accumulated Depreciation Impairment Property Plant Equipment	10 877 066	11 030 927	10 808 344
Additions Other Than Through Business Combinations Property Plant Equipment		644 941	470 160
Administration Support Average Number Employees	3	3	3
Administrative Expenses	800 393	725 487	868 537
Applicable Tax Rate	19	19	19
Average Number Employees During Period	72	69	69
Bank Borrowings	20 820	31 428	31 286
Bank Borrowings Overdrafts	44 306	56 531	27 574
Bank Overdrafts		70 495
Carrying Amount Under Cost Model Revalued Assets Property Plant Equipment	1 113 079	1 113 079	1 113 079
Comprehensive Income Expense	602 858	1 408 642	1 531 520
Corporation Tax Payable	45 718	207 290	435 833
Cost Inventories Recognised As Expense Net Write Downs Reversals	5 998 446	5 853 321	10 704 491
Cost Sales	8 671 463	8 238 857	13 698 536
Creditors	1 971 027	3 922 187	3 414 319
Current Tax For Period	62 910	224 481	331 431
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences	83 092	92 811	134 425
Deferred Tax Liabilities	201 568	294 379	428 804
Depreciation Expense Property Plant Equipment	177 067	202 607	260 301
Distribution Costs	739 771	742 357	850 510
Finance Lease Liabilities Present Value Total	13 108	7 028	35 016
Further Item Cash Flow From Used In Operating Activities Component Total Net Cash Flows From Used In Operating Activities			1 445
Further Item Interest Expense Component Total Interest Expense	3 142	4 507	5 078
Gross Profit Loss	2 281 111	3 183 288	3 718 154
Income Taxes Paid Refund Classified As Operating Activities	-17 192	-62 909	-102 888
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation	236 819	743 561	478 909
Increase Decrease In Deferred Tax Liability From Amount Recognised In Profit Or Loss	83 092	92 811	134 425
Increase From Depreciation Charge For Year Property Plant Equipment		202 607	260 301
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts			1 445
Interest Paid Classified As Operating Activities	3 142	4 507	5 078
Interest Payable Similar Charges Finance Costs	3 142	4 507	6 523
Interest Received Classified As Operating Activities	11 055	14 997	4 792
Investments In Group Undertakings	175 000	175 000	175 000
Net Assets Liabilities Associates		178 129	178 129
Net Cash Flows From Used In Financing Activities	-1 146 680	30 012	-48 853
Net Cash Flows From Used In Investing Activities	-158 224	-625 937	-211 447
Net Cash Flows From Used In Operating Activities	1 541 723	1 339 486	739 209
Net Cash Generated From Operations	1 551 002	1 391 905	843 828
Net Current Assets Liabilities	2 623 929	3 727 536	5 365 636
Nominal Value Allotted Share Capital	58 000	58 000	58 000
Number Shares Issued Fully Paid		58 000	58 000
Operating Profit Loss	740 947	1 715 444	1 999 107
Other Creditors	23 128	18 352	49 448
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment		48 746	482 884
Other Disposals Property Plant Equipment		67 750	544 791
Other Interest Receivable Similar Income Finance Income	11 055	14 997	4 792
Other Taxation Social Security Payable	267 142	249 701	456 595
Par Value Share		1	1
Payments Finance Lease Liabilities Classified As Financing Activities	13 109	13 641	19 754
Payments To Redeem Own Shares	1 105 500
Pension Other Post-employment Benefit Costs Other Pension Costs	40 563	41 472	48 366
Percentage Class Share Held In Associate		100	100
Prepayments Accrued Income	21 746	74 105	75 354
Proceeds From Sales Property Plant Equipment	30 935	19 004	61 907
Production Average Number Employees	68	65	65
Profit Loss	602 858	1 408 642	1 531 520
Profit Loss On Ordinary Activities Before Tax	748 860	1 725 934	1 997 376
Property Plant Equipment Gross Cost	12 607 983	13 185 174	13 110 543
Purchase Property Plant Equipment	189 159	644 941	273 354
Raw Materials Consumables	1 365 070	2 522 757	2 775 106
Redemption Shares Decrease In Equity	62 136
Repayments Borrowings Classified As Financing Activities	28 071	-43 653	29 099
Revenue From Sale Goods	10 952 574	11 422 145	17 416 690
Selling Average Number Employees	1	1	1
Social Security Costs	136 006	134 130	128 559
Staff Costs Employee Benefits Expense	1 732 830	1 717 650	1 966 964
Taxation Including Deferred Taxation Balance Sheet Subtotal	201 568	294 379	428 804
Tax Decrease From Utilisation Tax Losses	78 849
Tax Expense Credit Applicable Tax Rate	142 283	327 927	379 501
Tax Increase Decrease From Effect Capital Allowances Depreciation	-10 736	-101 584	-44 427
Tax Increase Decrease From Effect Expenses Not Deductible For Tax Purposes Other Than Goodwill Amortisation Impairment	10 212	-1 862	-3 643
Tax Tax Credit On Profit Or Loss On Ordinary Activities	146 002	317 292	465 856
Total Assets Less Current Liabilities	4 354 846	5 881 783	7 667 835
Total Current Tax Expense Credit	62 910	224 481	331 431
Trade Creditors Trade Payables	1 509 373	3 245 822	2 308 866
Trade Debtors Trade Receivables	1 627 886	2 728 473	3 196 693
Turnover Revenue	10 952 574	11 422 145	17 416 690
Wages Salaries	1 556 261	1 550 346	1 790 039
Director Remuneration	54 000	54 000	54 000
Number Directors Accruing Benefits Under Money Purchase Scheme	1	1	1