Morecambe Metals (holdings) Limited in Morecambe, LA3 3AZ

Description

Data updated on: 01-11-2023

Morecambe Metals (holdings) Limited,registered as Private Limited Company, that is located in Northgate, White Lund Industrial Estate, Morecambe. The post code is LA3 3AZ. The firm has existed 27 years on the local market. The firm's reg. no. is 03340567. This enterprise's principal business activity number is 82990 which means Other business support service activities not elsewhere classified. The firm's latest filed accounts documents describe the period up to 2022-03-31 and the most current annual confirmation statement was released on 2023-03-12.

That company owes its success and unending development to two directors, who are James V. and James V., who have been managing the company since March 2004.

Executives who have control over the firm are as follows: James V. has substantial control or influence over the company. James V. owns 1/2 or less of company shares and has 1/2 or less of voting rights.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2019-03-31	2020-03-31	2021-03-31	2022-03-31	2023-03-31
Currency

Balance Sheet
Cash Bank On Hand	68 037	309 994	696 339	1 195 781	1 714 574
Current Assets	822 726	851 116	1 333 622	1 836 736	1 971 699
Debtors	754 689	541 122	637 283	640 955	257 125
Net Assets Liabilities	2 226 031	2 378 965	2 545 138	2 725 913	2 910 282
Other Debtors	744 960	531 340	625 581	620 524	227 492
Total Inventories			274 261	880 445

Other Financial Data
Accrued Liabilities Deferred Income	4 236	3 780	12 880	536 122	4 213
Accumulated Amortisation Impairment Intangible Assets	50 000	50 000	50 000	50 000
Accumulated Depreciation Impairment Property Plant Equipment			2 299 192	1 854 852	1 303 550
Additions Other Than Through Business Combinations Property Plant Equipment				611 447	45 785
Administrative Expenses			988 315	925 267	564 042
Amounts Owed To Group Undertakings	558 658	409 845	749 086	476 569	605 094
Average Number Employees During Period	38	36
Bank Borrowings Overdrafts				98 563
Bank Overdrafts				98 563
Carrying Amount Under Cost Model Revalued Assets Property Plant Equipment			114 844
Cash Cash Equivalents		501 680	860 369	1 097 218	2 436 209
Comprehensive Income Expense			854 861	1 064 942
Corporation Tax Payable	37 077	61 802	38 894	42 320	352 148
Cost Sales			7 935 048	14 367 881	13 774 326
Creditors	606 201	481 657	797 990	1 120 329	1 070 923
Current Tax For Period			207 260	167 834	314 771
Deferred Tax Expense Credit Relating To Changes In Tax Rates Or Laws				80 267	-19 667
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences			384	68 874	-62 277
Dividends Paid Classified As Financing Activities	-516 012	-558 878	-541 797	-600 000	-1 417 800
Dividends Paid To Owners Parent Classified As Financing Activities				-600 000
Finance Lease Liabilities Present Value Total			113 376	125 772	94 997
Finance Lease Payments Owing Minimum Gross			98 217	127 841	161 554
Finished Goods Goods For Resale			274 261	880 445	520 868
Fixed Assets	2 025 037	2 025 037	2 025 037	2 025 037	2 025 037
Further Item Tax Increase Decrease Component Adjusting Items			-140
Future Finance Charges On Finance Leases			7 039	8 439	-8 880
Gain Loss On Disposals Property Plant Equipment			16 990	142 425
Government Grant Income			152 853
Gross Profit Loss			1 808 727	2 186 263
Income Taxes Paid Refund Classified As Operating Activities			-160 298	-533 435	-155 960
Increase Decrease In Current Tax From Adjustment For Prior Periods			-2
Increase From Depreciation Charge For Year Property Plant Equipment				262 219	221 015
Intangible Assets Gross Cost	50 000	50 000	50 000	50 000
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts			10 570	6 297
Interest Paid Classified As Operating Activities			-10 570	-6 297	-10 174
Interest Payable Similar Charges Finance Costs			10 570	6 297	10 174
Interest Received Classified As Investing Activities				-26 777	-18 318
Investment Property	2 024 937	2 024 937	2 024 937	2 024 937	2 024 937
Investments Fixed Assets	100	100	100	100	100
Investments In Subsidiaries	100	100	100	100	100
Net Cash Generated From Operations			-1 319 302	-1 775 332	-260 757
Net Current Assets Liabilities	216 525	369 459	535 632
Net Finance Income Costs				26 777	18 318
Operating Profit Loss			1 073 075	1 361 437
Other Creditors	4 654	4 654	4 654	-221	422 324
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment				706 559	772 317
Other Disposals Property Plant Equipment				792 749	1 005 648
Other Interest Receivable Similar Income Finance Income				26 777	18 318
Pension Other Post-employment Benefit Costs Other Pension Costs			45 595	29 957	33 038
Percentage Class Share Held In Subsidiary		100	100	100
Prepayments Accrued Income	2 324	2 955	161 724	7 504	7 504
Profit Loss	662 490	711 812	707 970	780 775	1 602 169
Profit Loss On Ordinary Activities Before Tax			1 062 505	1 381 917
Property Plant Equipment Gross Cost			3 389 509	3 208 207	2 248 344
Provisions For Liabilities Balance Sheet Subtotal	15 531	15 531
Social Security Costs			72 865	82 370
Staff Costs Employee Benefits Expense			855 796	923 025	1 040 298
Taxation Including Deferred Taxation Balance Sheet Subtotal		15 531	15 531	15 531	15 531
Tax Decrease Increase From Effect Revenue Exempt From Taxation				38 758	2 777
Tax Increase Decrease From Effect Capital Allowances Depreciation			2 348	1 602	2 391
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss			3 562	11 300	7 186
Tax Tax Credit On Profit Or Loss On Ordinary Activities			207 644	316 975	232 827
Total Assets Less Current Liabilities	2 241 562	2 394 496	2 560 669
Total Borrowings				98 563
Total Deferred Tax Expense Credit			384	149 141	-81 944
Trade Creditors Trade Payables	1 576	1 576	1 576	7 323	1 371 517
Trade Debtors Trade Receivables	7 405	6 827	8 747	12 927	22 129
Turnover Revenue			9 743 775	16 554 144
Wages Salaries			737 336	810 698	906 486