North West Steel Limited in Peterborough, PE1 5BQ

Description

Data updated on: 01-11-2023

North West Steel came into being in 1988 as a company enlisted under no 02270027, located at PE1 5BQ Peterborough at 1 Fenlake Business Centre. It has been in business for 36 years and its last known status is active. This business's declared SIC number is 43999 which stands for Other specialised construction activities not elsewhere classified. North West Steel Ltd filed its latest accounts for the financial year up to 2022-12-31. The business most recent annual confirmation statement was filed on 2022-11-28.

North West Steel Ltd is a medium-sized vehicle operator with the licence number OC0292063. The firm has one transport operating centre in the country. In their subsidiary in Warrington on Winwick, 8 machines and 6 trailers are available.

From the information we have gathered, the following limited company was founded in 1988 and has been supervised by six directors, and out of them three (Jean R., Clinton T. and John R.) are still participating in the company's duties.

Financial data based on annual reports

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

Balance Sheet
Cash Bank On Hand	2 982 175	1 932 182	6 936 909	8 562 546
Current Assets	9 089 432	9 096 240	12 617 592	16 624 977
Debtors	5 617 947	6 605 774	3 608 957	6 040 225
Net Assets Liabilities	6 150 139	7 392 029	10 730 763	13 684 264
Other Debtors	2 847 282	3 502 070	1 224 073	1 770 206
Property Plant Equipment	399 067	522 674	605 055	866 086
Total Inventories	489 310	558 284	2 071 726	2 022 206

Other Financial Data
Audit Fees Expenses	11 150	11 480
Fees For Non-audit Services	148	1 035
Company Contributions To Money Purchase Plans Directors	10 000	10 000
Director Remuneration	359 952	420 000
Accrued Liabilities	274 651	102 712	12 250	246 250
Accumulated Depreciation Impairment Property Plant Equipment	6 677	12 145	946 513	1 095 323
Amounts Owed By Group Undertakings	392 689	320 300		418 789
Applicable Tax Rate	20	19
Bank Borrowings	1 070 000	500 000
Bank Borrowings Overdrafts	1 070 000	500 000
Comprehensive Income Expense	2 644 977	1 426 890	2 315 127	2 953 501
Corporation Tax Payable	358 062	318 057	543 110	625 358
Creditors	30 771	119 205	68 123	280 054
Current Tax For Period	358 062	318 057
Depreciation Expense Property Plant Equipment	31 419	31 032
Dividends Paid	250 000	185 000	150 000
Dividends Paid On Shares Final	250 000	185 000
Finance Lease Liabilities Present Value Total	30 771	119 205	97 595	116 933
Finance Lease Payments Owing Minimum Gross	60 125	63 243	104 376	138 590
Fixed Assets	646 700	770 307	852 688	1 113 719
Future Finance Charges On Finance Leases	2 517	7 205	6 781	21 657
Gain Loss On Disposals Property Plant Equipment	3 686	17 116
Increase Decrease In Property Plant Equipment		178 076
Increase From Depreciation Charge For Year Property Plant Equipment		5 468		168 904
Interest Expense On Bank Overdrafts	37 800	30 197
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts	3 768	5 175
Interest Payable Similar Charges Finance Costs	41 568	35 372
Investment Property	247 533	247 533	247 533	247 533
Investment Property Fair Value Model	247 533		247 533
Investments Fixed Assets	100	100	100	100
Investments In Group Undertakings	100	100	100	100
Merchandise	489 310	558 284	2 071 726	2 022 206
Net Assets Liabilities Subsidiaries	-3 268	65 997
Net Current Assets Liabilities	5 544 737	6 782 944	10 016 539	12 969 911
Number Shares Issued Fully Paid		100		100
Other Creditors	1 062	1 101	3 692	4 516
Other Deferred Tax Expense Credit	-1 578	22 236
Other Taxation Social Security Payable	1 059 949	544 729	802 632	1 241 022
Percentage Class Share Held In Subsidiary		100		100
Prepayments Accrued Income	24 132	21 043	30 984	27 729
Profit Loss	2 593 408	1 426 890	2 283 523	2 953 501
Profit Loss On Ordinary Activities Before Tax	2 949 892	1 755 572
Profit Loss Subsidiaries	-51 569	-69 165
Property Plant Equipment Gross Cost	34 020	34 020	1 551 568	1 961 409
Provisions	10 527	42 017	70 341	119 312
Provisions For Liabilities Balance Sheet Subtotal	10 527	42 017	70 341	119 312
Tax Expense Credit Applicable Tax Rate	589 978	333 559
Tax Tax Credit On Profit Or Loss On Ordinary Activities	356 484	340 293
Total Assets Less Current Liabilities	6 191 437	7 553 251	10 869 227	14 083 630
Total Operating Lease Payments	13 715	4 456
Trade Creditors Trade Payables	505 400	605 659	1 141 774	1 420 987
Trade Debtors Trade Receivables	2 311 529	2 352 807	2 247 640	2 324 630
Turnover Revenue	10 979 144	13 231 205
Additional Provisions Increase From New Provisions Recognised In Profit Or Loss				48 971
Average Number Employees During Period			20	26
Disposals Decrease In Depreciation Impairment Property Plant Equipment				20 094
Disposals Property Plant Equipment				59 490
Total Additions Including From Business Combinations Property Plant Equipment				469 331