Ovec Systems Limited in Glasgow, G68 9HF

Description

Data updated on: 01-11-2023

Ovec Systems Limited can be reached at Glasgow at 7 Deerdykes Road. Anyone can find the company by referencing its area code - G68 9HF. The firm has been in business on the English market for thirty two years. The firm is registered under the number SC136128 and its current status is active. The company's principal business activity number is 28290: Manufacture of other general-purpose machinery n.e.c.. The most recent filed accounts documents were submitted for the period up to December 31, 2022 and the most current annual confirmation statement was filed on February 27, 2023.

With six job announcements since Monday 10th November 2014, the corporation has been active on the employment market. On Friday 9th February 2018, it was employing new employees for a full time Engineers, Technicians and Service Engineers position in Coatbridge, and on Monday 10th November 2014, for the vacant position of a full time Manual Turner - Full Time Day Shift in Coatbridge. They search for candidates for such positions as for example: Engineer, Time Served Manual Turner - Full Time and Technical Storeperson / Storeman.

In order to satisfy the client base, the company is continually supervised by a body of two directors who are Anne C. and Alistair L.. Their support has been of prime importance to this company since 2020-02-28. To provide support to the directors, the company has been utilizing the skills of Anne C. as a secretary since February 2020.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31
Currency	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP
Net Worth	2 024 114	2 421 312	2 752 971	3 336 897	3 786 017

Balance Sheet
Cash Bank In Hand	922 972	1 323 569	2 075 254	2 527 921	2 787 926
Cash Bank On Hand					2 787 926	3 762 895	4 223 493	4 719 358
Current Assets	1 065 743	1 437 449	2 208 238	2 571 922	3 095 658	4 000 021	4 438 057	4 903 008
Debtors	125 949	102 509	119 397	19 040	275 133	177 153	189 029	151 220
Intangible Fixed Assets	1 000
Net Assets Liabilities					3 786 017	4 539 034	5 174 526	5 683 849
Net Assets Liabilities Including Pension Asset Liability	2 024 114	2 421 312	2 752 971	3 336 897	3 786 017
Property Plant Equipment					1 272 356	1 252 544	1 231 394	1 222 151
Stocks Inventory	16 822	11 371	13 587	24 961	32 599
Tangible Fixed Assets	1 343 470	1 317 650	1 296 641	1 289 803	1 272 356
Total Inventories					32 599	59 973	25 535	32 430

Capital & Reserves
Called Up Share Capital	200	200	200	200	200
Profit Loss Account Reserve	2 023 914	2 421 112	2 752 771	3 336 697	3 785 817
Shareholder Funds	2 024 114	2 421 312	2 752 971	3 336 897	3 786 017

Other Financial Data
Accrued Liabilities					37 533	36 989	38 835	38 492
Accumulated Amortisation Impairment Intangible Assets					5 000	5 000	5 000
Accumulated Depreciation Impairment Property Plant Equipment					224 455	245 620	267 375	284 532
Additional Provisions Increase From New Provisions Recognised In Profit Or Loss							-1 045	-1 273
Average Number Employees During Period					18	20	20	17
Corporation Tax Payable					104 675	190 738	142 150	123 056
Creditors					572 301	704 449	486 888	434 546
Creditors Due Within One Year	370 262	319 775	740 821	515 244	572 301
Disposals Decrease In Depreciation Impairment Property Plant Equipment								3 049
Disposals Property Plant Equipment								4 000
Fixed Assets	1 344 470	1 317 650	1 296 641	1 289 803	1 272 356	1 252 544	1 231 394	1 222 151
Increase From Depreciation Charge For Year Property Plant Equipment						21 165	21 755	20 206
Intangible Assets Gross Cost					5 000	5 000	5 000
Intangible Fixed Assets Aggregate Amortisation Impairment	4 000	5 000	5 000	5 000
Intangible Fixed Assets Amortisation Charged In Period		1 000
Intangible Fixed Assets Cost Or Valuation	5 000	5 000	5 000	5 000
Net Current Assets Liabilities	695 481	1 117 674	1 467 417	2 056 678	2 523 357	3 295 572	3 951 169	4 468 462
Number Shares Allotted		200	200	200	200
Other Creditors					20 543	21 248	26 664	21 304
Other Taxation Social Security Payable					9 667			7 330
Property Plant Equipment Gross Cost					1 496 811	1 498 164	1 498 769	1 506 683
Provisions						9 082	8 037	6 764
Provisions For Liabilities Balance Sheet Subtotal					9 696	9 082	8 037	6 764
Provisions For Liabilities Charges	15 837	14 012	11 087	9 584	9 696
Recoverable Value-added Tax						3 112	48 117	7 871
Share Capital Allotted Called Up Paid	200	200	200	200	200
Tangible Fixed Assets Additions			4 416	23 796	9 326
Tangible Fixed Assets Cost Or Valuation	1 489 288	1 489 288	1 479 604	1 487 485	1 496 811
Tangible Fixed Assets Depreciation	145 818	171 638	182 963	197 682	224 455
Tangible Fixed Assets Depreciation Charged In Period		25 820	24 113	26 196	26 773
Tangible Fixed Assets Depreciation Decrease Increase On Disposals			12 788	11 477
Tangible Fixed Assets Disposals			14 100	15 915
Total Additions Including From Business Combinations Property Plant Equipment						1 353	605	11 914
Total Assets Less Current Liabilities	2 039 951	2 435 324	2 764 058	3 346 481	3 795 713	4 548 116	5 182 563	5 690 613
Trade Creditors Trade Payables					38 629	33 686	88 011	59 395
Trade Debtors Trade Receivables					275 133	174 041	140 912	143 349