Milltech Precision Engineering Limited in Norwich, NR13 6GA

Description

Data updated on: 01-01-2019

The firm is widely known under the name of Milltech Precision Engineering Limited. The firm was founded 20 years ago and was registered with 03731819 as its registration number. This head office of this firm is located in Norwich. You can contact it at Liberamus House Wichcraft Way, Rackheath Industrial Estate. This firm's SIC and NACE codes are 32990 meaning Other manufacturing n.e.c.. Milltech Precision Engineering Ltd released its latest accounts for the financial year up to 2017-12-31. The company's most recent annual confirmation statement was released on 2018-11-06.

As for this particular company, a number of director's duties up till now have been fulfilled by Keith G., Paul L., James H. and Peter R.. Within the group of these four individuals, Peter R. has carried on with the company the longest, having been one of the many members of officers' team since March 2015. To find professional help with legal documentation, the company has been utilizing the expertise of Anne R. as a secretary since 2016.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2012-07-31	2013-07-31	2014-07-31	2016-12-31	2017-12-31
Currency	GBP	GBP	GBP	GBP	GBP
Net Worth	1 958 656	1 509 340	1 757 115

Balance Sheet
Cash Bank In Hand	22 914	24 958	36 913
Cash Bank On Hand				95	231
Current Assets	2 326 795	1 826 474	2 329 962	1 226 761	1 313 675
Debtors	2 112 956	1 554 905	1 948 744	850 321	691 665
Net Assets Liabilities				1 425 448	1 571 677
Net Assets Liabilities Including Pension Asset Liability	1 958 656	1 509 340	1 757 115
Other Debtors				1 900	78
Property Plant Equipment				1 570 207	1 967 095
Stocks Inventory	190 925	246 611	344 305
Tangible Fixed Assets	801 768	763 872	1 029 346
Total Inventories				376 345	621 779

Capital & Reserves
Called Up Share Capital	100	100	100
Profit Loss Account Reserve	1 958 556	1 509 240	1 757 015
Shareholder Funds	1 958 656	1 509 340	1 757 115

Other Financial Data
Director Remuneration				109 469	114 257
Number Directors Accruing Benefits Under Money Purchase Scheme				2	2
Accrued Liabilities				14 344	65 377
Accumulated Depreciation Impairment Property Plant Equipment				95 000	123 000
Additional Provisions Increase From New Provisions Recognised					-81 726
Administrative Expenses				721 647	850 011
Amounts Owed By Group Undertakings				1 890	247
Applicable Tax Rate				20	19
Average Number Employees During Period				43	43
Bank Borrowings Overdrafts				352 070	494 340
Bank Overdrafts				352 070	494 340
Comprehensive Income Expense				257 546	446 229
Corporation Tax Payable				44 468	56 142
Cost Sales				2 270 300	2 676 116
Creditors				77 672	19 806
Creditors Due After One Year	248 338	199 011	343 965
Creditors Due Within One Year	851 825	800 229	1 112 997
Current Tax For Period				93 666	103 153
Debtors Due After One Year	-1 359 247	-1 051 767	-1 327 948
Depreciation Expense Property Plant Equipment				160 794	181 489
Dividends Paid				723 906	300 000
Dividends Paid On Shares Interim				723 906	300 000
Finance Lease Liabilities Present Value Total				77 672	19 806
Further Item Gain Loss In Other Comprehensive Income Before Tax Component Total Other Comprehensive Income Before Tax					19 238
Further Item Interest Expense Component Total Interest Expense				376	2 044
Further Operating Expense Item Component Total Operating Expenses				8 625	8 625
Future Minimum Lease Payments Under Non-cancellable Operating Leases				14 879	119 103
Gross Profit Loss				1 052 530	1 323 254
Increase Decrease In Current Tax From Adjustment For Prior Periods					1 114
Increase From Depreciation Charge For Year Property Plant Equipment					228 989
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts				7 292	4 768
Interest Payable Similar Charges Finance Costs				7 668	6 812
Merchandise				376 345	621 779
Net Current Assets Liabilities	1 474 970	1 026 245	1 216 965	208 154	-194 597
Number Shares Allotted		100	100
Operating Profit Loss				330 883	475 582
Other Comprehensive Income Expense Net Tax					19 238
Other Creditors				80 103	92 007
Other Deferred Tax Expense Credit				-27 997	-62 488
Other Operating Income Format1					2 339
Other Taxation Social Security Payable				28 258	35 962
Par Value Share		1	1
Pension Other Post-employment Benefit Costs Other Pension Costs				28 155	34 161
Prepayments				35 830	30 647
Profit Loss				257 546	426 991
Profit Loss On Ordinary Activities Before Tax				323 215	468 770
Property Plant Equipment Gross Cost				1 980 077	410 000
Provisions				260 241	178 515
Provisions For Liabilities Balance Sheet Subtotal				275 241	181 015
Provisions For Liabilities Charges	69 744	81 766	145 231
Recoverable Value-added Tax					2 081
Secured Debts	529 696	460 894	723 945
Share Capital Allotted Called Up Paid	100	100	100
Social Security Costs				12 329	14 755
Staff Costs Employee Benefits Expense				1 302 056	1 520 561
Tangible Fixed Assets Additions		99 152	407 286
Tangible Fixed Assets Cost Or Valuation	2 417 044	2 516 196	2 923 482
Tangible Fixed Assets Depreciation	1 615 276	1 752 324	1 894 136
Tangible Fixed Assets Depreciation Charged In Period		137 048	141 812
Tax Expense Credit Applicable Tax Rate				64 643	90 224
Tax Increase Decrease From Effect Capital Allowances Depreciation					-49 495
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss				1 026	-64
Tax Tax Credit On Profit Or Loss On Ordinary Activities				65 669	41 779
Total Additions Including From Business Combinations Property Plant Equipment					625 877
Total Assets Less Current Liabilities	2 276 738	1 790 117	2 246 311	1 778 361	1 772 498
Total Current Tax Expense Credit				93 666	104 267
Total Operating Lease Payments				10 359	13 795
Trade Creditors Trade Payables				391 139	706 575
Trade Debtors Trade Receivables				810 701	658 612
Turnover Revenue				3 322 830	3 999 370
Wages Salaries				1 261 572	1 471 645