Mgs Technical Plastics Limited in Blackburn, BB1 2QY

Description

Data updated on: 01-11-2023

This particular company is located in Blackburn with reg. no. 05641792. This company was registered in the year 2005. The office of the firm is situated at Unit 7 Centurion Business Park Davyfield Road. The zip code is BB1 2QY. It has a history in registered name change. Up till now the firm had two other names. Up to 2013 the firm was prospering under the name of Mg Stuma and before that its official company name was Mg Plastics. The firm's classified under the NACE and SIC code 22290: Manufacture of other plastic products. Mgs Technical Plastics Ltd reported its account information for the financial year up to 31st March 2022. The business most recent annual confirmation statement was released on 23rd December 2022.

This business owes its well established position on the market and unending development to a group of four directors, specifically Judson S., Mark P., Neil G. and John S., who have been running the company since 2018.

John S. is the individual who controls this firm, owns over 3/4 of company shares.

Previous company's names
Mgs Technical Plastics Limited 2013-06-04
Mg Stuma Limited 2009-09-27
Mg Plastics Limited 2005-12-01

Financial data based on annual reports

Profit & Loss
Date of Accounts	2015-03-31	2016-03-31	2017-03-31	2018-03-31	2019-03-31	2020-03-31	2021-03-31	2022-03-31	2023-03-31
Currency

Balance Sheet
Cash Bank On Hand		74 563	501 542	798 700	734 962	246 692	468 724	203 670	422 417
Current Assets	900 178	1 103 143	2 237 835	2 021 662	2 373 893	2 322 941	1 965 105	2 036 631	2 255 082
Debtors		789 312	1 443 814	884 956	1 247 656	1 571 896	972 202	1 251 308	1 168 172
Net Assets Liabilities	776 241	1 041 068	1 788 885	2 378 418	2 584 031	2 764 419	2 415 789	2 539 673	2 915 939
Other Debtors				16 438	12 318	9 692	10 442	10 442	35 189
Property Plant Equipment		1 832 739	2 312 387	2 716 264	2 940 740	2 858 438	2 781 636	2 896 343	2 740 383
Total Inventories		239 268	292 479	338 006	391 275	504 353	524 179	581 653

Other Financial Data
Accrued Liabilities Deferred Income		230 064	83 122	109 117	268 158	40 112	221 008	11 477	9 827
Accumulated Depreciation Impairment Property Plant Equipment		490 450	601 568	784 353	947 416	1 113 348	1 299 270	1 484 934	1 691 094
Additions Other Than Through Business Combinations Property Plant Equipment			617 766	632 031	453 539	139 055	135 620	329 661
Amounts Owed By Directors		9 699
Amounts Owed To Directors			3 878	13 185	15 948	9 766	17 633	21 749
Amounts Owed To Group Undertakings							101	101
Average Number Employees During Period			61	65	50	52	46	54	58
Bank Borrowings Overdrafts		42 522	57 517	58 578	60 669	403 307	138 180	140 030	611 267
Carrying Amount Under Cost Model Revalued Assets Property Plant Equipment		829 892	935 846	1 002 461	993 691	984 921	968 532	959 924
Comprehensive Income Expense		379 938	874 724
Corporation Tax Payable		71 868	176 321	110 946	5 835	20 414	8 548		128 128
Corporation Tax Recoverable								15 253
Creditors	1 118 908	1 094 288	1 578 715	1 177 468	1 525 297	1 391 733	1 098 175	1 198 585	657 707
Current Tax For Period		71 877	176 321	110 946
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences		10 478	32 750	20 131
Deferred Tax Liabilities		151 615	176 972	179 737
Depreciation Expense Property Plant Equipment		114 207	134 200
Depreciation Transfer Revaluation Surplus Before Tax Increase Decrease In Equity		-5 500	-4 114
Disposals Decrease In Depreciation Impairment Property Plant Equipment			23 082	7 940	46 565	48 303	26 500	26 287
Disposals Property Plant Equipment			27 000	45 369	66 000	55 425	26 500	29 290
Dividends Paid		112 345	115 000
Finance Lease Liabilities Present Value Total		95 544	108 751	190 962	247 138	146 864	81 796	155 742	46 440
Fixed Assets	1 846 852	1 797 482				2 858 438	2 781 637	2 896 344	2 740 384
Future Minimum Lease Payments Under Non-cancellable Operating Leases		47 402	48 266	35 206	11 442	31 663	25 693	11 280	67 531
Gain Loss On Revaluation Property Plant Equipment Before Tax In Other Comprehensive Income		2 766	7 393
Income Expense Recognised Directly In Equity		-112 345	-115 000
Increase Decrease In Current Tax From Adjustment For Prior Periods		-60 146	-46 714	-55 233
Increase From Depreciation Charge For Year Property Plant Equipment			134 200	190 725	209 628	214 235	212 422	211 951	206 160
Investments							1	1
Investments Fixed Assets							1	1	1
Investments In Group Undertakings							1	1
Investments In Group Undertakings Participating Interests								1	1
Net Current Assets Liabilities	-218 730	8 855	686 790	844 194	848 596	931 208	866 930	838 046	1 077 969
Other Creditors								21 850	35 714
Other Taxation Social Security Payable		107 252	101 758	130 919	168 155	171 458	85 198	104 461	132 002
Prepayments Accrued Income		10 166	105 695	6 925	67 273	35 813	9 853	13 790
Profit Loss		377 172	867 331
Property Plant Equipment Gross Cost		2 323 189	2 913 955	3 500 617	3 888 156	3 971 786	4 080 906	4 381 277	4 431 477
Provisions For Liabilities Balance Sheet Subtotal	93 973	104 451						262 142	244 707
Raw Materials		239 268	292 479
Taxation Including Deferred Taxation Balance Sheet Subtotal		151 615	176 972	179 737	209 642	217 741	224 353	262 142
Tax Tax Credit On Profit Or Loss On Ordinary Activities		22 209	162 357	75 844
Total Additions Including From Business Combinations Property Plant Equipment									50 200
Total Assets Less Current Liabilities	1 628 122	1 806 337	2 999 177	3 560 458	3 789 336	3 789 646	3 648 567	3 734 390	3 818 353
Total Current Tax Expense Credit		11 731	129 607	55 713
Trade Creditors Trade Payables		491 797	1 047 368	553 761	759 394	599 812	545 711	765 025	593 338
Trade Debtors Trade Receivables		769 447	1 338 119	868 518	1 168 065	1 526 391	951 907	1 211 823	1 132 983