Mills Forgings Limited in Coventry, CV1 2BJ

Description

Data updated on: 01-11-2023

00424123 is a registration number of Mills Forgings Limited. The company was registered as a Private Limited Company on 1946-11-21. The company has been active in this business for seventy eight years. This company may be found at . Charterhouse Road in Coventry. The office's post code assigned to this place is CV1 2BJ. This company's classified under the NACE and SIC code 25500 which means Forging, pressing, stamping and roll-forming of metal; powder metallurgy. Mills Forgings Ltd filed its account information for the financial period up to 2023-02-28. The company's latest annual confirmation statement was released on 2022-11-29.

On Monday 20th March 2017, the corporation was employing a Toolroom Operative to fill a full time vacancy in Coventry, Midlands.

That company owes its success and permanent progress to exactly four directors, namely Robert A., Janet O., Laurence J. and Roger S., who have been presiding over the firm for eleven years. In order to find professional help with legal documentation, this particular company has been using the skills of Janet O. as a secretary for the last 19 years.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2012-02-29	2013-02-28	2014-02-28	2015-02-28	2016-02-28	2017-02-28	2018-02-28	2019-02-28	2020-02-29	2021-02-28	2022-02-28	2023-02-28
Currency	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP
Net Worth	345 304	399 357	358 980	382 631	329 395

Balance Sheet
Cash Bank On Hand					63 104	55 103	56 065	83 082	69 441	128 471	124 954	98 556
Current Assets	517 347	553 594	686 105	429 689	508 968	649 151	797 728	757 115	685 675	719 671	973 698	878 479
Debtors	331 879	274 161	457 100	218 981	318 176	436 089	579 094	506 220	407 374	401 735	639 124	531 892
Net Assets Liabilities						332 143	319 406	326 493	332 491	300 889	300 810	213 326
Other Debtors					23 687	63 296	62 695	71 633	68 744	62 184	156 843	193 021
Property Plant Equipment					284 273	293 837	318 774	249 224	238 529	209 473	253 832	229 859
Total Inventories					127 688	157 959	162 569	167 813	208 860	233 919	209 620
Cash Bank In Hand	2 183	80 454	83 089	72 804	63 104
Net Assets Liabilities Including Pension Asset Liability	345 304	399 357
Stocks Inventory	183 285	198 979	145 916	137 904	127 688
Tangible Fixed Assets	277 473	344 708	364 494	362 218	371 830

Capital & Reserves
Called Up Share Capital	554	554	440	440	440
Profit Loss Account Reserve	85 576	139 629	129 152	152 803	99 567
Shareholder Funds	345 304	399 357	358 980	382 631	329 395

Other Financial Data
Accumulated Depreciation Impairment Property Plant Equipment					1 240 857	1 275 527	1 313 027	1 130 361	1 170 090	1 200 946	1 118 963	1 146 526
Amounts Owed To Group Undertakings					8 640	4 320
Average Number Employees During Period								13	12	12	11	10
Bank Borrowings Overdrafts					115 433	148 341	240 790	151 090	184 700	193 939	121 212	84 869
Corporation Tax Payable					1 186	95	906	9 791	7 166	1 496	21 247
Creditors						9 530	8 104	6 678	6 678	5 252	123 619	84 999
Deferred Income					10 825	9 400
Disposals Investment Property Fair Value Model											130 000
Fixed Assets	396 999	344 709				381 394	406 331	379 225	368 529	339 473	253 832
Future Minimum Lease Payments Under Non-cancellable Operating Leases								39 000	39 000	39 000	39 000	39 000
Gain Loss On Revaluation Property Plant Equipment Before Tax In Other Comprehensive Income											65 000
Income From Related Parties								297 128		88 608	116 076	293 289
Increase From Depreciation Charge For Year Property Plant Equipment						34 670	37 499	35 900	39 729	30 856	23 573	27 563
Investment Property					87 557	87 557	87 557	130 001	130 000	130 000
Investment Property Fair Value Model								130 000	130 000	130 000
Net Current Assets Liabilities	-36 479	72 261	43 567	77 886	17 676	11 614	-16 769	15 998	17 138	7 572	205 704	112 139
Number Shares Issued Fully Paid							75
Other Creditors					492 718	637 537	8 104	6 678	6 678	5 252	2 407	130
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment								218 566			105 556
Other Disposals Property Plant Equipment								261 296			111 686
Other Taxation Social Security Payable					19 979	22 846	27 629	6 194	35 180	14 422	50 247	20 737
Par Value Share		1	1	1	1		1
Payments To Related Parties								59 477
Property Plant Equipment Gross Cost					1 525 129	1 569 364	1 631 799	1 379 585	1 408 619	1 410 419	1 372 795	1 376 385
Provisions For Liabilities Balance Sheet Subtotal						51 335	62 052	62 052	46 498	40 904	35 107	43 673
Total Additions Including From Business Combinations Property Plant Equipment						44 235	62 436	18 542	29 034	1 800	9 062	3 590
Total Assets Less Current Liabilities	360 520	416 969	408 061	440 104	389 506	393 008	389 562	395 223	385 667	540 984	459 536	341 998
Total Increase Decrease From Revaluations Property Plant Equipment								-9 460			65 000
Trade Creditors Trade Payables					342 268	444 815	532 659	564 064	339 789	448 750	383 393	401 594
Trade Debtors Trade Receivables					294 490	372 793	516 399	434 587	338 630	339 551	482 281	338 871
Capital Redemption Reserve	1 826	1 826
Creditors Due After One Year	230	230	130	130	130
Creditors Due Within One Year	553 826	481 333	642 538	351 803	491 292
Investments Fixed Assets	31 969
Number Shares Allotted		230	75	75	75
Provisions For Liabilities Charges	14 986	17 382	39 951	49 343	47 730
Revaluation Reserve	70 964	70 964	70 964	70 964	70 964
Secured Debts	191 374	177 193
Share Capital Allotted Called Up Paid	230	75	75	75	75
Share Premium Account	186 384	186 384	186 384	156 598	156 598
Tangible Fixed Assets Additions		24 557
Tangible Fixed Assets Cost Or Valuation	1 426 787	1 399 962
Tangible Fixed Assets Depreciation	1 149 314	1 142 810
Tangible Fixed Assets Depreciation Charged In Period		31 054
Tangible Fixed Assets Depreciation Decrease Increase On Disposals		37 558
Tangible Fixed Assets Disposals		51 382
Accruals Deferred Income			9 000	8 000	12 251
Other Reserves		1 826	-27 960	1 826	1 826