Nimag Precision Engineering Limited in West Midlands, WV10 9DU

Description

Data updated on: 01-11-2023

The official day the company was started is March 18, 1983. Established under number 01707583, the firm is considered a Private Limited Company. You can reach the headquarters of this firm during business hours under the following location: Bank Street Wolverhampton, WV10 9DU West Midlands. The enterprise's classified under the NACE and SIC code 32990, that means Other manufacturing n.e.c.. Thursday 31st March 2022 is the last time when account status updates were filed.

When it comes to the business, most of director's responsibilities up till now have been executed by Kevin M., Susan W., Bonita M. and Gerard M.. Within the group of these four individuals, Bonita M. has supervised business for the longest period of time, having become a vital part of officers' team on July 1991. In order to help the directors in their tasks, this particular business has been utilizing the skillset of Gerard M. as a secretary for the last twenty eight years.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2012-03-31	2013-03-31	2014-03-31	2015-03-31	2016-03-31	2017-03-31	2018-03-31	2019-03-31	2020-03-31	2021-03-31	2022-03-31	2023-03-31
Currency
Net Worth	753 223	700 231	648 359	649 068	628 468

Balance Sheet
Cash Bank On Hand					394 602	439 613	519 295	554 689	582 758	626 617	633 593	734 396
Current Assets	678 762	632 126	558 735	573 738	568 749	577 270	615 523	676 867	714 905	734 868	799 634	851 414
Debtors	132 896	134 755	142 093	130 301	162 694	123 448	82 507	105 657	117 658	91 360	137 957	85 701
Net Assets Liabilities						626 766	692 112	753 984	792 429	804 609	833 453	899 897
Other Debtors						189	277
Property Plant Equipment					152 502	148 590	175 014	173 035	166 905	163 604	155 630	149 344
Total Inventories					11 453	14 209	13 721	16 521	14 489	16 891	28 084
Cash Bank In Hand	532 526	481 391	397 731	430 124	394 602
Net Assets Liabilities Including Pension Asset Liability	753 223	700 231	648 359	649 068
Stocks Inventory	13 340	15 980	18 911	13 313	11 453
Tangible Fixed Assets	138 689	136 236	163 975	159 050	152 502

Capital & Reserves
Called Up Share Capital	500	500	500	500	500
Profit Loss Account Reserve	752 723	699 731	647 859	648 568	627 968
Shareholder Funds	753 223	700 231	648 359	649 068	628 468

Other Financial Data
Accrued Liabilities Deferred Income					10 709	11 691	10 094	10 909	13 254	16 301	17 383	16 219
Accumulated Depreciation Impairment Property Plant Equipment					123 912	129 157	128 617	129 747	137 084	146 987	154 961	161 247
Average Number Employees During Period								8	9	9	9	9
Bank Borrowings Overdrafts									91	4
Corporation Tax Payable					8 284	12 788	21 914	26 609	20 950	15 213	20 009	28 441
Creditors					71 450	78 399	73 795	71 538	67 523	72 632	102 095	82 340
Current Tax For Period							21 914	26 609
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences							3 935	-250
Increase From Depreciation Charge For Year Property Plant Equipment						5 245	12 128	12 305	10 587	9 903	7 974	6 286
Net Current Assets Liabilities	633 025	580 732	501 642	512 303	497 299	498 871	541 728	605 329	647 382	662 236	697 539	769 074
Number Shares Issued Fully Paid							500
Other Creditors					168	168	1 879	287	347	701	695	2 892
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment							12 669	11 175	3 250
Other Disposals Property Plant Equipment							15 000	11 250	5 250
Other Taxation Social Security Payable					36 495	28 195	19 599	23 833	24 511	24 107	23 178	26 773
Par Value Share		1	1	1	1		1
Prepayments Accrued Income					5 030	5 721	5 165	5 630	5 622	5 908	6 055	6 540
Property Plant Equipment Gross Cost					276 415	277 747	303 632	302 782	303 989	310 591	310 591
Provisions For Liabilities Balance Sheet Subtotal						20 695	24 630	24 380	21 858	21 231	19 716	18 521
Taxation Including Deferred Taxation Balance Sheet Subtotal							24 630	24 380
Tax Tax Credit On Profit Or Loss On Ordinary Activities							25 849	26 359
Total Additions Including From Business Combinations Property Plant Equipment						1 332	40 884	10 400	6 457	6 602
Total Assets Less Current Liabilities	771 714	716 968	665 617	671 353	649 801	647 461	716 742	778 364	814 287	825 840	853 169	918 418
Trade Creditors Trade Payables					15 794	25 557	20 309	9 900	8 370	16 306	40 830	8 015
Trade Debtors Trade Receivables					157 664	117 538	77 065	100 027	112 036	85 452	131 902	79 161
Creditors Due Within One Year	45 737	51 394	57 093	61 435	71 450
Number Shares Allotted		500	500	500	500
Provisions For Liabilities Charges	18 491	16 737	17 258	22 285	21 333
Share Capital Allotted Called Up Paid	500	500	500	500	500
Tangible Fixed Assets Additions			37 165	3 230
Tangible Fixed Assets Cost Or Valuation	240 020	240 020	274 185	276 415
Tangible Fixed Assets Depreciation	101 331	103 784	110 210	117 366
Tangible Fixed Assets Depreciation Charged In Period		2 453	9 358	8 156
Tangible Fixed Assets Depreciation Decrease Increase On Disposals			2 932	1 000
Tangible Fixed Assets Disposals			3 000	1 000