M.j. Sections Limited in Netherton, DY2 0JZ

Description

Data updated on: 01-11-2023

M.j. Sections is a business registered at DY2 0JZ Netherton at Unit 5 Marriott Road Industrial. The enterprise was set up in 1979 and is registered under reg. no. 01451657. The enterprise has been active on the UK market for 45 years now and company last known state is active. This company's Standard Industrial Classification Code is 24100 and their NACE code stands for Manufacture of basic iron and steel and of ferro-alloys. The company's most recent filed accounts documents were submitted for the period up to 2022/12/31 and the most recent annual confirmation statement was submitted on 2023/09/18.

Having three recruitment advertisements since Thursday 8th June 2017, the company has been a quite active employer on the employment market. On Saturday 2nd September 2017, it started seeking candidates for a full time Quality Engineer position in Dudley, and on Thursday 8th June 2017, for the vacant position of a full time Trainee Heat treatment technician in Halesowen. As of yet, they have needed workers for the Office administrator posts.

As for this specific limited company, the majority of director's obligations have so far been fulfilled by Tracy J., Paul J. and Kuldip S.. As for these three managers, Paul J. has managed limited company the longest, having been a member of the Management Board since Monday 1st March 1999. What is more, the managing director's assignments are regularly aided with by a secretary - Maureen H., who was chosen by the following limited company on Saturday 30th November 1991.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31
Currency

Balance Sheet
Cash Bank On Hand	2 559 536	3 488 028	3 601 851	5 203 145	12 177 803	6 395 747	5 609 256
Current Assets	10 883 928	13 766 607	17 642 114	22 648 024	23 010 648	19 931 626	23 863 994
Debtors	5 475 085	6 871 158	8 634 377	11 796 827	4 781 433	7 591 168	10 541 911
Other Debtors	1 000		667 055	4 622 658	1 620 818	1 864 763	3 887 346
Property Plant Equipment	6 094 259	6 396 997	6 840 584	7 345 038	6 879 274	6 569 952	6 517 852
Total Inventories	2 849 307	3 407 421	5 405 886	5 648 052	6 051 412	5 944 711	7 712 827
Net Assets Liabilities			20 587 809	26 914 693	28 416 849	24 414 306

Other Financial Data
Audit Fees Expenses	15 750	17 250	22 450	21 000	22 000	22 500	24 250
Company Contributions To Money Purchase Plans Directors	70 657	18 457	44 841	19 807	23 200	23 200	23 200
Director Remuneration	596 716	1 364 311	1 358 595	1 458 267	2 792 254	1 446 380	1 161 038
Dividend Recommended By Directors		1 000 000	1 000 000	2 040 000	640 000	660 000	180 000
Number Directors Accruing Benefits Under Money Purchase Scheme	2	2	2	3	3	3	3
Amount Specific Advance Or Credit Directors				7 970	15 867	37 611	113 611
Amount Specific Advance Or Credit Made In Period Directors					344 103	341 256	23 000
Amount Specific Advance Or Credit Repaid In Period Directors					352 000	363 000	99 000
Accrued Liabilities	78 570	95 154	140 613	180 945	123 149	177 798	141 839
Accumulated Depreciation Impairment Property Plant Equipment	2 898 558	3 247 725	3 637 637	4 025 418	4 296 861	4 566 207	4 831 814
Additional Provisions Increase From New Provisions Recognised			14 902	57 490		-983 504
Additional Provisions Increase From New Provisions Recognised In Profit Or Loss		24 843			-12 468
Administrative Expenses	3 724 102	5 863 074	6 368 791	4 795 982	6 889 647	11 951 376	6 303 109
Applicable Tax Rate	20	19	19	19	19	19	19
Average Number Employees During Period	154	181	195	200	179	150	168
Bank Borrowings	400 000	350 000	300 000	250 000
Bank Borrowings Overdrafts	400 000	300 000	250 000	250 000
Capital Commitments	96 675	104 832	670 370				2 699 550
Cash Cash Equivalents Cash Flow Value	2 559 536		3 601 851	5 203 145	12 177 803	6 395 747
Comprehensive Income Expense	4 749 132	4 890 371	6 451 277	8 366 884	2 142 156	-3 342 543	3 457 996
Corporation Tax Payable	660 649	531 388	803 888	657 437			10 568
Corporation Tax Recoverable			216 489	199 884	175 065	373 968
Cost Sales	9 976 356	12 357 517	13 838 415	15 733 795	10 734 903	9 730 723	12 586 618
Creditors	5 633 403	300 000	250 000	2 882 511	1 289 683	2 087 272	2 689 544
Current Tax For Period	1 174 092	1 149 911	1 488 888	1 517 437	377 469		10 568
Depreciation Amortisation Expense	467 634	573 074	566 005	557 073	484 116	389 942	384 365
Depreciation Expense Property Plant Equipment	444 152	549 591	566 005	557 073	484 116	389 943	384 364
Disposals Decrease In Depreciation Impairment Property Plant Equipment		223 905	176 093	169 292	212 673	120 597	118 757
Disposals Property Plant Equipment		264 420	196 066	225 878	314 309	120 597	130 764
Distribution Costs	210 034	285 102	339 416	317 833
Dividend Per Share Interim			10 000
Dividends Paid	1 300 000	1 000 000	1 000 000	2 040 000	640 000	660 000	180 000
Dividends Paid Classified As Financing Activities	-1 300 000	-1 000 000	-1 000 000	-2 040 000	-640 000	-660 000	-180 000
Dividends Paid On Shares Interim	1 300 000	1 000 000	1 000 000	2 040 000	640 000	660 000	180 000
Finance Lease Liabilities Present Value Total	108 830
Finance Lease Payments Owing Minimum Gross	116 108
Further Item Interest Expense Component Total Interest Expense	329	772	-11 548	-1 082	-7 028	3 265	-1 032
Further Operating Expense Item Component Total Operating Expenses	27 087	18 980	17 505	18 400	14 660	23 219	26 549
Future Finance Charges On Finance Leases	7 278
Future Minimum Lease Payments Under Non-cancellable Operating Leases	27 089	25 363	43 566	36 015	30 288	26 549	24 074
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss	270 423	-228 940	-40 697	-103 188	-25 245	-22 847	139 074
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables	-1 019 387	-221 936	-1 189 111	-651 982	-693 288	775 827	515 722
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables	-965 428	-1 396 073	-1 546 730	-3 179 055	6 990 575	-1 810 718	-3 854 111
Gain Loss On Disposal Assets Income Statement Subtotal	2 881	9 639	7 027	2 914	6 014		7 993
Gain Loss On Disposals Property Plant Equipment	2 881	9 639	7 027	2 914	6 014		7 993
Gross Profit Loss	9 690 889	12 211 785	14 557 505	14 515 434	9 072 409	7 319 311	10 243 921
Income Taxes Paid Refund Classified As Operating Activities	-725 317	-1 279 172	-1 338 547	-1 423 593	-1 012 143	-156 735	373 967
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation	356 239	928 492	113 823	1 601 294	6 974 658	-5 782 056	-786 491
Increase Decrease In Current Tax From Adjustment For Prior Periods	17 511		-94 330	-223 690	2 056	-42 167
Increase Decrease In Stocks Inventories Finished Goods Work In Progress	576 588	558 114	1 998 465	242 166	403 360	-106 701	1 768 116
Increase From Depreciation Charge For Year Property Plant Equipment		573 072	566 005	557 073	484 116	389 943	384 364
Interest Expense On Bank Loans Similar Borrowings	14 835	12 191	11 918	10 473	7 092
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts	9 704	7 350
Interest Paid Classified As Operating Activities	-15 164	-12 963	-370	-9 399	-64	-3 265	1 032
Interest Payable Similar Charges Finance Costs	24 868	20 313	370	9 399	64	3 265	-1 032
Loans Owed By Related Parties			666 694	4 622 658	1 362 078	1 518 627	2 018 797
Loans Owed To Related Parties	-846 364	-829 059
Merchandise	509 014	594 670	1 209 421	1 658 816	1 666 677	1 320 803	2 415 148
Net Cash Flows From Used In Financing Activities	1 609 708	1 378 602	1 230 474	2 115 577	882 103	638 238	104 018
Net Cash Flows From Used In Investing Activities	1 156 971	862 342	994 540	1 050 545	5 445	80 621	310 151
Net Cash Flows From Used In Operating Activities	-3 122 918	-3 169 436	-2 338 837	-4 767 416	-7 862 206	5 063 197	372 322
Net Cash Generated From Operations	-3 873 103	-4 468 921	-3 677 754	-6 200 408	-8 560 791	5 127 813	747 321
Net Current Assets Liabilities	5 250 525	9 163 001	14 135 593	19 765 513	21 720 965	17 844 354	21 174 450
Net Interest Received Paid Classified As Investing Activities	-2 946	-3 829	-8 025	-8 068	-6 893		-14 120
Number Shares Issued Fully Paid		100	100	100	100	100	100
Operating Profit Loss	5 969 753	6 081 609	7 853 082	9 719 452	2 502 384	-4 364 949	3 982 812
Other Creditors	567 173	579 668	218 769	200 697	8 186	4 248	19 561
Other Deferred Tax Expense Credit	7 096	24 843	14 902	57 490	-12 468	-983 504	529 400
Other Interest Receivable Similar Income Finance Income	2 946	3 829	8 025	8 068	6 893		14 120
Other Operating Income Format1	213 000	18 000	3 784		319 622	267 116	42 000
Other Taxation Social Security Payable	424 174	635 838	400 123	462 003	408 892	692 611	214 951
Par Value Share		1	1	1	1	1	1
Payments Finance Lease Liabilities Classified As Financing Activities	-145 106	-108 830
Payments To Related Parties	2 788 358	2 578 919	4 355 573	3 684 018	2 664 960	1 905 761	2 484 226
Pension Other Post-employment Benefit Costs Other Pension Costs	219 945	218 956	341 159	346 635	320 243	314 258	340 956
Prepayments	103 934	109 035	112 367	116 626	130 844	139 234	71 520
Proceeds From Sales Property Plant Equipment	-10 500	-50 154	-27 000	-59 500	-107 650		-20 000
Profit Loss	4 749 132	4 890 371	6 451 277	8 366 884	2 142 156	-3 342 543	3 457 996
Profit Loss On Ordinary Activities Before Tax	5 947 831	6 065 125	7 860 737	9 718 121	2 509 213	-4 368 214	3 997 964
Property Plant Equipment Gross Cost	8 992 817	9 644 722	10 478 221	11 370 456	11 176 135	11 136 159	11 349 666
Provisions	98 623	123 466	138 368	195 858	183 390	-800 114
Provisions For Liabilities Balance Sheet Subtotal	98 623	123 466	138 368	195 858	183 390
Purchase Property Plant Equipment	-1 170 417	-916 325	-1 029 565	-1 118 113	-119 988	-80 621	-344 271
Repayments Borrowings Classified As Financing Activities	-50 000	-50 002	-50 000	-50 000	-250 000
Social Security Costs	531 153	773 086	843 927	862 739	1 017 913	1 642 752	1 113 289
Staff Costs Employee Benefits Expense	5 876 455	8 141 862	9 111 029	9 377 118	10 537 611	15 309 162	10 861 377
Tax Expense Credit Applicable Tax Rate	1 189 566	1 152 374	1 493 540	1 846 443	476 750	-829 961	759 613
Tax Increase Decrease From Effect Capital Allowances Depreciation	-23 450	-22 011	-7 139	-120 314	22 445	21 629	-22 943
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	7 976	4 817	2 487	1 152	1 774	5 505	4 870
Tax Tax Credit On Profit Or Loss On Ordinary Activities	1 198 699	1 174 754	1 409 460	1 351 237	367 057	-1 025 671	539 968
Total Additions Including From Business Combinations Property Plant Equipment		916 325	1 029 565	1 118 113	119 988	80 621	344 271
Total Assets Less Current Liabilities	11 344 784	15 559 998	20 976 177	27 110 551	28 600 239	24 414 306	27 692 302
Total Current Tax Expense Credit	1 191 603	1 149 911	1 394 558	1 293 747	379 525	-42 167	10 568
Trade Creditors Trade Payables	2 960 216	2 497 537	1 859 581	1 123 459	733 589	1 174 986	2 189 014
Trade Debtors Trade Receivables	5 370 151	6 762 123	7 638 466	6 857 659	2 854 706	4 413 089	6 251 377
Turnover Revenue	19 667 245	24 569 302	28 395 920	30 249 229	19 807 312	17 050 034	22 830 539
Wages Salaries	5 125 357	7 149 820	7 925 943	8 167 743	9 199 455	13 352 152	9 407 132
Work In Progress	2 340 293	2 812 751	4 196 465	3 989 236	4 384 735	4 623 908	5 297 679
Cash Receipts From Government Grants					-313 622	-224 616
Deferred Tax Asset Debtors						800 114	270 714
Further Item Cash Flow From Used In Operating Activities Component Total Net Cash Flows From Used In Operating Activities					313 622	224 616
Income From Related Parties				2 250	1 001	8 346	2 921
Interest Expense On Bank Overdrafts				8
Recoverable Value-added Tax							60 954
Tax Decrease From Utilisation Tax Losses							565 305