Morgans Of Usk Limited in Newport, NP20 4PG

Description

Data updated on: 01-11-2023

Situated at 21 Gold Tops, Newport NP20 4PG Morgans Of Usk Limited is a Private Limited Company issued a 02137982 Companies House Reg No. The company was launched thirty seven years ago. This company's classified under the NACE and SIC code 24100 meaning Manufacture of basic iron and steel and of ferro-alloys. Morgans Of Usk Ltd reported its account information for the period that ended on 2022-05-31. Its most recent annual confirmation statement was released on 2022-12-13.

For the following business, a variety of director's tasks up till now have been fulfilled by Nancy M., David M., Susan S. and Andrew M.. As for these four executives, Andrew M. has carried on with the business for the longest time, having been a part of company's Management Board since April 15, 1997. To find professional help with legal documentation, this specific business has been utilizing the expertise of Robert D. as a secretary since 1992.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2018-05-31	2019-05-31	2020-05-31	2021-05-31	2022-05-31
Currency

Balance Sheet
Cash Bank On Hand	5 402 634	7 971 771	7 691 000	8 046 910	5 416 322
Current Assets	13 610 003	16 770 511	17 841 300	18 255 269	18 594 781
Debtors	8 093 339	8 668 270	10 041 806	10 038 944	12 404 293
Net Assets Liabilities	6 845 784	7 064 095	7 461 437	8 335 741	9 626 773
Other Debtors	12 794	12 490			10 860
Property Plant Equipment	1 655 385	1 436 572	1 376 891	1 170 580	1 613 500
Total Inventories	114 030	153 449	108 494	169 415	774 166

Other Financial Data
Audit Fees Expenses	21 400	22 030	24 845	24 990	26 180
Amount Specific Advance Or Credit Directors	200 927	133 750	73 109	6 975	2 668
Amount Specific Advance Or Credit Made In Period Directors		28 823	21 359	5 916	4 307
Amount Specific Advance Or Credit Repaid In Period Directors		96 000	82 000	86 000
Company Contributions To Money Purchase Plans Directors			280 000	563
Director Remuneration	103 896	217 000	217 000	217 564	217 000
Dividend Recommended By Directors		2 000 000	2 000 000	2 000 000	2 000 000
Number Directors Accruing Benefits Under Money Purchase Scheme	4	4	4	4	4
Accrued Liabilities Deferred Income	405 513	441 707	439 715	705 656	482 932
Accumulated Depreciation Impairment Property Plant Equipment	1 606 163	1 835 976	2 076 381	2 342 462	2 726 806
Additional Provisions Increase From New Provisions Recognised In Profit Or Loss				-34 169
Administrative Expenses	2 971 928	3 793 852	4 239 846	4 335 755	4 751 391
Amounts Owed By Group Undertakings		250 421	255 641	274 903	305 007
Amounts Owed To Group Undertakings	2 868 463	4 741 534	5 415 196	4 145 556	2 611 372
Amounts Recoverable On Contracts	681 505	910 860	983 331	1 015 570	1 120 800
Applicable Tax Rate	19	19	19	19	19
Average Number Employees During Period	104	108	115	112	131
Bank Borrowings Overdrafts	423 057	944 625	1 027 706	1 442 281	1 001 625
Bank Overdrafts	423 057	944 625	1 027 706	1 442 281	1 001 625
Cash Cash Equivalents Cash Flow Value	4 979 577	7 027 146	6 663 294	6 604 629	4 414 697
Cash Receipts From Government Grants			-39 934	-9 317	-2 479
Comprehensive Income Expense			2 397 342	2 874 304	3 291 032
Corporation Tax Payable	112 572	246 181	405 391	167 648	215 628
Cost Sales	20 736 882	22 494 016	19 420 734	21 553 709	29 031 153
Creditors	8 282 098	11 030 795	11 640 985	11 008 508	10 357 983
Current Tax For Period	542 572	558 609	569 591	667 046	603 217
Depreciation Amortisation Expense	239 469	229 813	240 405	266 081	384 344
Depreciation Expense Property Plant Equipment	239 469	229 813	240 405	266 081	384 344
Distribution Costs	534 903	555 259	553 125	371 374	371 186
Dividend Per Share Final		10
Dividend Per Share Interim		30	40	40	40
Dividends Paid	1 500 000	2 000 000	2 000 000	2 000 000	2 000 000
Dividends Paid Classified As Financing Activities	-1 500 000	-2 000 000	-2 000 000	-2 000 000	-2 000 000
Dividends Paid On Shares	1 500 000	2 000 000	2 000 000
Dividends Paid On Shares Final	500 000	500 000
Dividends Paid On Shares Interim	1 000 000	1 500 000	2 000 000	2 000 000	2 000 000
Further Item Cash Flow From Used In Financing Activities Component Net Cash Flows From Used In Financing Activities	-540 097	229 355	-668 442	1 288 902	1 551 976
Further Item Cash Flow From Used In Operating Activities Component Total Net Cash Flows From Used In Operating Activities			39 934	11 475	2 479
Further Item Interest Expense Component Total Interest Expense	4 623
Further Item Interest Income Component Total Interest Income	7 343	3 262	28 786	2 557	5 151
Further Item Operating Income Component Total Other Operating Income	42 390	44 706	45 020	105 371	21 190
Further Operating Expense Item Component Total Operating Expenses	12 388 955	14 092 196	12 467 641	-9 317	-2 479
Future Minimum Lease Payments Under Non-cancellable Operating Leases	335 280	335 280	335 280	335 280	335 280
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss	1 272	155	3 204	-5 692	16 058
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables	-421 559	239 420	-319 466	454 189	1 283 866
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables	-411 968	-139 353	-1 356 486	395 739	-1 657 063
Gain Loss On Disposal Assets Income Statement Subtotal	386
Gain Loss On Disposals Property Plant Equipment	386
Government Grant Income			39 934	11 475	2 479
Gross Profit Loss	6 081 108	7 024 972	7 620 450	7 889 438	9 126 633
Income From Related Parties	41 033	39 562	39 562	39 562	40 356
Income Taxes Paid Refund Classified As Operating Activities	-958 566	-425 000	-396 181	-1 141 587	-1 125 264
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation	312 895	2 047 569	-363 852	-58 665	-2 189 932
Increase Decrease In Current Tax From Adjustment For Prior Periods			-14 200	-177 687	-2 925
Increase Decrease In Stocks Inventories Finished Goods Work In Progress	-157 579	39 419	-44 955	60 921	604 751
Increase From Depreciation Charge For Year Property Plant Equipment		229 813	240 405	266 081	384 344
Interest Paid Classified As Operating Activities	-4 623
Interest Payable Similar Charges Finance Costs	4 623
Loans Owed By Related Parties	2 777 367	3 168 787	3 215 823	2 645 333	2 899 023
Loans Owed To Related Parties	-307 052	-308 125	-293 868	-281 278	-282 314
Net Cash Flows From Used In Financing Activities	944 643	535 520	1 352 664	3 209 651	3 559 507
Net Cash Flows From Used In Investing Activities	4 588	-12 872	149 959	52 059	821 740
Net Cash Flows From Used In Operating Activities	-1 262 126	-2 570 217	-1 138 771	-3 203 045	-2 191 315
Net Cash Generated From Operations	-2 225 315	-2 995 217	-1 495 018	-4 335 315	-3 314 100
Net Current Assets Liabilities	5 327 905	5 739 716	6 200 315	7 246 761	8 236 798
Net Interest Received Paid Classified As Investing Activities	-7 343	-23 872	-30 765	-7 711	-5 524
Number Shares Issued Fully Paid		50 000	50 000	50 000	50 000
Operating Profit Loss	2 662 180	2 727 735	2 925 544	3 321 783	4 027 725
Other Creditors	6 872	8 490	12 719	17 794	20 110
Other Deferred Tax Expense Credit	-32 367	-25 313	3 576	-34 169	141 925
Other Interest Receivable Similar Income Finance Income	7 343	23 872	30 765	7 711	5 524
Other Operating Income Format1	87 903	51 874	98 065	139 474	23 669
Other Taxation Social Security Payable	716 120	715 590	992 086	256 987	269 125
Par Value Share		1	1	1	1
Payments To Related Parties	383 012	537 919	413 303	370 438	381 692
Pension Other Post-employment Benefit Costs Other Pension Costs	42 751	226 277	450 227	103 021	210 314
Prepayments Accrued Income	120 243	70 918	126 067	192 655	96 862
Proceeds From Sales Property Plant Equipment	-500
Profit Loss	2 154 695	2 218 311	2 397 342	2 874 304	3 291 032
Profit Loss On Ordinary Activities Before Tax	2 664 900	2 751 607	2 956 309	3 329 494	4 033 249
Property Plant Equipment Gross Cost	3 261 548	3 272 548	3 453 272	3 513 042	4 340 306
Provisions	137 506	112 193	115 769	81 600	223 525
Provisions For Liabilities Balance Sheet Subtotal	137 506	112 193	115 769	81 600	223 525
Purchase Property Plant Equipment	-12 431	-11 000	-180 724	-59 770	-827 264
Raw Materials	114 030	153 449	108 494	169 415	774 166
Rental Leasing Income	30 788	6 600	381	22 528
Social Security Costs	391 494	424 150	504 050	520 455	617 731
Staff Costs Employee Benefits Expense	4 073 519	4 777 407	5 387 502	5 475 312	6 440 847
Tax Decrease From Utilisation Tax Losses					75 487
Tax Expense Credit Applicable Tax Rate	506 331	522 805	561 699	632 604	766 317
Tax Increase Decrease From Effect Capital Allowances Depreciation	1 666	8 781	8 781	34 169	-88 262
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	2 208	1 710	2 687	273	649
Tax Tax Credit On Profit Or Loss On Ordinary Activities	510 205	533 296	558 967	455 190	742 217
Total Additions Including From Business Combinations Property Plant Equipment		11 000	180 724	59 770	827 264
Total Assets Less Current Liabilities	6 983 290	7 176 288	7 577 206	8 417 341	9 850 298
Total Current Tax Expense Credit		558 609	555 391	489 359	600 292
Total Operating Lease Payments	317 113	303 960	335 280	335 280	335 280
Trade Creditors Trade Payables	3 716 296	3 895 248	3 038 501	3 969 363	5 460 463
Trade Debtors Trade Receivables	4 473 325	4 081 482	5 387 835	5 495 998	6 984 304
Turnover Revenue	26 817 990	29 518 988	27 041 184	29 548 518	38 157 786
Wages Salaries	3 639 274	4 126 980	4 433 225	4 851 836	5 612 802

Resigned: 25 August 1992

Latest update: 22 January 2024

Nancy M.

Role: Secretary

Appointed: 13 December 1991

Resigned: 23 April 1992

Latest update: 22 January 2024

People with significant control

The companies with significant control over this firm include: Morgans Of Usk Group Limited owns over 3/4 of company shares. This business can be reached in Newport at Gold Tops, NP20 4PG and was registered as a PSC under the reg no 07856398.

Morgans Of Usk Group Limited

Address: 21 Gold Tops, Newport, NP20 4PG, Wales

Legal authority Company Law Of England And Wales

Legal form Company Limited By Shares

Country registered England And Wales

Place registered Companies House England And Wales

Registration number 07856398

Notified on 6 April 2016

Nature of control:

over 3/4 of shares

Accounts Documents

Account next due date	29 February 2024
Account last made up date	31 May 2022
Confirmation statement next due date	27 December 2023
Confirmation statement last made up date	13 December 2022

Annual Accounts
Start Date For Period Covered By Report	01 June 2018
End Date For Period Covered By Report	31 May 2019
Annual Accounts
Start Date For Period Covered By Report	01 June 2019
End Date For Period Covered By Report	31 May 2020
Annual Accounts
Start Date For Period Covered By Report	01 June 2020
End Date For Period Covered By Report	31 May 2021
Annual Accounts
Start Date For Period Covered By Report	01 June 2021
End Date For Period Covered By Report	31 May 2022

Morgans Of Usk Limited

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

Nancy M.

David M.

Susan S.

Andrew M.

Robert D.

Peter M.

David M.

Nancy M.

People with significant control

Morgans Of Usk Group Limited

Accounts Documents

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