M.g.c. Lamps Limited in Ipswich, IP1 5AP

Description

Data updated on: 01-11-2023

M.g.c. Lamps Limited is a Private Limited Company, with headquarters in 1 Sovereign Centre, Farthing Road, Ipswich. The located in IP1 5AP. The company has been prospering fourty eight years in the UK. The registration number is 01264315. The firm's SIC code is 33200 and has the NACE code: Installation of industrial machinery and equipment. 31st March 2022 is the last time when the accounts were filed.

As the information gathered suggests, the firm was created in 1976 and has so far been run by eleven directors, and out of them two (Christopher E. and James G.) are still a part of the company. To support the directors in their duties, the firm has been using the skills of Christopher E. as a secretary since the appointment on 2017-10-05.

James G. 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	2020-03-31	2021-03-31	2022-03-31	2023-03-31
Currency

Balance Sheet
Cash Bank On Hand	17 942	19 468	10 372	29 647
Current Assets	2 218 019	1 689 910	1 700 426	1 606 359
Debtors	1 106 308	1 037 216	992 857	953 048
Net Assets Liabilities	766 822	539 920	577 993	319 598
Other Debtors	406 559	515 724	493 129	492 168
Property Plant Equipment	264 234	252 155	293 552	280 386
Total Inventories	1 093 769	633 226	697 197	623 664

Other Financial Data
Accumulated Amortisation Impairment Intangible Assets	14 767	24 020	46 526	75 674
Accumulated Depreciation Impairment Property Plant Equipment	360 892	373 325	386 443	396 339
Additions Other Than Through Business Combinations Intangible Assets		10 000	10 000	10 000
Additions Other Than Through Business Combinations Property Plant Equipment		354	14 515	580
Amortisation Rate Used For Intangible Assets		20	20	20
Amounts Owed To Group Undertakings Participating Interests			100	100
Average Number Employees During Period	23	19	17	17
Bank Borrowings Overdrafts	792 501	693 058	680 218	762 307
Carrying Amount Under Cost Model Revalued Assets Property Plant Equipment	102 168	102 168	102 168	102 168
Creditors	1 705 187	1 313 552	1 477 025	1 613 918
Depreciation Rate Used For Property Plant Equipment		15	15	15
Disposals Decrease In Depreciation Impairment Property Plant Equipment				3 850
Disposals Property Plant Equipment				3 850
Fixed Assets	347 506	336 174	437 316	332 851
Future Minimum Lease Payments Under Non-cancellable Operating Leases	6 116	33 929	17 457	9 565
Increase From Amortisation Charge For Year Intangible Assets		9 253	22 506	29 148
Increase From Depreciation Charge For Year Property Plant Equipment		12 433	13 118	13 746
Intangible Assets	83 272	84 019	71 513	52 365
Intangible Assets Gross Cost	98 039	108 039	118 039	128 039
Investments			72 251	100
Investments Fixed Assets			72 251	100
Investments In Group Undertakings			72 251	100
Net Current Assets Liabilities	512 832	376 358	223 401	-7 559
Other Creditors	104 562	73 186	133 040	152 552
Other Taxation Social Security Payable	38 862	42 277	61 883	24 779
Property Plant Equipment Gross Cost	625 126	625 480	679 995	676 725
Taxation Including Deferred Taxation Balance Sheet Subtotal	9 367	7 524	16 017	-5 139
Total Assets Less Current Liabilities	860 338	712 532	660 717	325 292
Total Increase Decrease From Revaluations Property Plant Equipment			40 000
Trade Creditors Trade Payables	769 262	505 031	601 784	674 180
Trade Debtors Trade Receivables	699 749	521 492	499 728	460 880