Paine Manwaring Limited in Worthing, BN14 8HQ

Websites

Zoom

www.willardelectrical.com

Zoom

www.willardelectrical.co.uk

Description

Data updated on: 01-11-2023

Paine Manwaring Limited with Companies House Reg No. 02739418 has been operating on the market for 32 years. The Private Limited Company can be reached at Unit D Easting Close, Dominion Way, Worthing and company's postal code is BN14 8HQ. This firm's registered with SIC code 43210 and their NACE code stands for Electrical installation. The latest accounts cover the period up to 31st March 2022 and the most recent confirmation statement was filed on 31st July 2023.

For this specific business, many of director's responsibilities have so far been carried out by Clive L., Adam D., James P. and Andrew P.. Within the group of these four people, Andrew P. has supervised business for the longest period of time, having been one of the many members of officers' team since 2013. To find professional help with legal documentation, the business has been utilizing the skills of Clive L. as a secretary since the appointment on September 30, 2019.

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	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP
Net Worth	564 231	541 348	596 382	785 354

Balance Sheet
Cash Bank On Hand					1 682 555	1 280 287	1 124 852	1 113 670	1 874 785	2 015 731	1 351 521	1 415 530
Current Assets	1 709 392	2 226 388	2 353 040	2 842 425		5 047 520	4 018 580	5 129 247	4 700 536	4 646 965	3 883 782	4 307 156
Debtors	1 398 155	1 515 678	1 562 597	1 698 143	1 831 729	3 637 051	2 780 240	3 924 256	2 756 057	2 552 518	2 455 100	2 823 998
Net Assets Liabilities								2 015 102	2 145 585	1 001 460	1 125 330	1 213 851
Other Debtors	27 963	28 612	29 685	21 569	20 344	21 286		23 955	22 150	22 569	22 274	40 463
Property Plant Equipment					20 664	6 180	6 947	31 235	47 299	25 595	31 236
Total Inventories					184 764	130 182	113 488	91 321	69 694	78 716	77 161	67 628
Cash Bank In Hand	167 124	551 985	579 068	970 903
Intangible Fixed Assets			15 225
Stocks Inventory	144 113	158 725	211 375	173 379
Tangible Fixed Assets	44 656	44 182	43 129	31 691
Trade Debtors	198 579	184 517	259 274	616 534

Capital & Reserves
Called Up Share Capital	50 000	50 000	50 000	50 000
Profit Loss Account Reserve	514 231	491 348	546 382	735 354
Shareholder Funds	564 231	541 348	596 382	785 354

Other Financial Data
Audit Fees Expenses					5 500	5 000		5 100	5 250	5 250	5 810	5 425
Accrued Liabilities Deferred Income					87 074	74 286		56 845	50 613	34 503	97 912	48 722
Accumulated Amortisation Impairment Intangible Assets					49 989	50 139		50 139	50 139	50 139	37 450
Accumulated Depreciation Impairment Property Plant Equipment					231 870	234 311		133 337	142 939	121 027	80 706	34 554
Additions Other Than Through Business Combinations Property Plant Equipment									26 287	7 607	16 131
Administrative Expenses	956 761	1 005 026	1 504 215	1 560 712	2 046 819	1 913 710	1 981 905	2 080 047	2 253 675	2 307 012	2 459 293	2 433 835
Amortisation Expense Intangible Assets					1 150	150
Amounts Owed By Group Undertakings								760 293	691 512			102 520
Amounts Owed To Parent Entities					294 300
Amounts Recoverable On Contracts	964 296	1 192 715	1 167 169	969 246	1 281 787	2 348 627		1 788 422	1 242 139	1 439 951	1 194 042	2 078 438
Average Number Employees During Period					102	106		100	102	103	100	100
Comprehensive Income Expense					592 082	723 671	387 044	393 251	333 483	355 875	123 870	88 521
Corporation Tax Payable					150 000	161 227		85 745	75 445	86 230	26 631	11 852
Cost Sales	5 927 106	5 998 961	9 485 826	9 668 931	10 609 414	13 407 782	12 763 881	12 035 551	15 383 306	15 401 215	14 227 658	12 759 664
Creditors						3 276 893	2 211 676	3 145 380	2 595 477	3 664 327	2 782 915	3 144 482
Current Tax For Period					150 000	161 227		85 745	75 445	86 231	26 631	11 852
Deferred Income											54 320
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences					-400				6 773
Depreciation Expense Property Plant Equipment					16 006	9 911		5 320	10 223	8 665	10 490	12 967
Dividends Paid					324 300		350 000	192 000	203 000	1 500 000
Dividends Paid On Shares Final								192 000	203 000
Finished Goods Goods For Resale	133 378	139 514	145 526	141 772	143 301	130 182		91 321	69 694	78 716	77 161
Further Item Tax Increase Decrease Component Adjusting Items					108				3 235	2 231	-1 043
Future Minimum Lease Payments Under Non-cancellable Operating Leases								162 204	263 739	192 731	300 663	236 950
Gain Loss On Disposals Property Plant Equipment						-1 155		372		-748	83	1 333
Government Grant Income										189 735
Gross Profit Loss	1 169 536	1 223 043	1 638 476	2 176 248	2 786 855	2 797 214	2 456 913	2 556 590	2 666 378	2 558 698	2 609 693	2 534 295
Increase Decrease In Current Tax From Adjustment For Prior Periods					1 663	-507		117				353
Increase From Amortisation Charge For Year Intangible Assets						150
Increase From Depreciation Charge For Year Property Plant Equipment						9 911			10 223	8 665	10 490	12 889
Intangible Assets					150
Intangible Assets Gross Cost					50 139			50 139	50 139	50 139	11 150
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts					65 993	67 450
Interest Income On Bank Deposits					3 309	1 560		2 570	2 998
Interest Payable Similar Charges Finance Costs						673
Loss Gain From Write-downs Reversals Inventories						11 236
Net Current Assets Liabilities	522 275	500 766	539 528	754 063		1 770 627	1 806 904	1 983 867	2 105 059	982 638	1 100 867	1 162 674
Operating Profit Loss	212 775	218 017	134 261	615 536	740 036	883 504	475 008	476 543	412 703	441 421	150 400	100 460
Other Creditors										34 612	117 475	357 687
Other Disposals Decrease In Amortisation Impairment Intangible Assets											1 539
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment						7 470			621	30 577	5 398
Other Disposals Intangible Assets											1 539
Other Disposals Property Plant Equipment						12 043			621	51 223	5 398
Other Interest Receivable Similar Income Finance Income					3 309	1 560	1 544	2 570	2 998	685	101	2 045
Other Operating Income Format1										189 735
Other Taxation Social Security Payable					157 791	138 863		371 699	401 458	507 554	83 180	82 572
Payments Received On Account					14 791
Pension Other Post-employment Benefit Costs Other Pension Costs					586 924	89 854		91 463	123 395	127 845	131 695	130 536
Prepayments Accrued Income					101 757	69 279		75 164	99 266	118 090	126 829
Profit Loss					592 082	723 671	387 044	393 251	333 483	355 875	123 870	88 521
Profit Loss On Ordinary Activities Before Tax	212 775	98 017	135 448	617 036	743 345	884 391	476 552	479 113	415 701	442 106	150 501	102 505
Property Plant Equipment Gross Cost					252 534	240 491		164 572	190 238	146 622	10 937	187 878
Provisions For Liabilities Balance Sheet Subtotal									6 773		6 773	8 552
Social Security Costs	145 448	139 229	233 230	256 146	253 746	284 576		273 286	276 778	297 697	299 704	312 985
Staff Costs Employee Benefits Expense					3 601 172	3 574 548		3 475 463	3 599 578	3 769 551	3 882 449	3 799 030
Taxation Including Deferred Taxation Balance Sheet Subtotal									6 773	6 773	6 773
Tax Increase Decrease Arising From Group Relief Tax Reconciliation						-16 909
Tax Increase Decrease From Effect Capital Allowances Depreciation					1 223	1 258		-5 286
Tax Tax Credit On Profit Or Loss On Ordinary Activities					151 263	160 720	89 508	85 862	82 218	86 231	26 631	13 984
Total Assets Less Current Liabilities	566 931	544 948	597 882	785 754		1 776 807	1 813 851	2 015 102	2 152 358	1 008 233	1 132 103	1 222 403
Total Current Tax Expense Credit					151 663	160 720		85 862	75 445		26 631	12 205
Total Operating Lease Payments								67 417	69 450	70 610	157 586	147 408
Trade Creditors Trade Payables					1 962 770	2 902 517		2 631 091	2 033 615	3 001 428	2 414 075	2 643 649
Trade Debtors Trade Receivables					427 841	509 388		1 276 422	700 990	971 908	1 111 955	429 376
Turnover Revenue					13 396 269	16 204 996	15 220 794	14 592 141	18 049 684	17 959 913	16 837 351	15 293 959
Wages Salaries	1 705 936	1 595 140	2 434 678	2 721 502	2 760 502	3 200 118		3 110 714	3 199 405	3 344 009	3 451 050	3 355 509
Work In Progress					41 463
Company Contributions To Defined Benefit Plans Directors					250 055	27 529		21 244	27 880	26 500	26 576
Director Remuneration									252 375	236 375	237 060	78 764
Director Remuneration Benefits Including Payments To Third Parties	122 212	122 212	175 632	132 926				208 071	280 255	262 875	263 636
Company Contributions To Money Purchase Plans Directors											8 018	31 498
Number Directors Accruing Benefits Under Money Purchase Scheme											4	4
Additional Provisions Increase From New Provisions Recognised												1 779
Applicable Tax Rate											19	19
Disposals Decrease In Depreciation Impairment Property Plant Equipment												10 937
Disposals Property Plant Equipment												10 937
Fixed Assets		44 182	58 354	31 691							31 236	59 729
Merchandise											77 161	67 628
Number Shares Issued Fully Paid												50 000
Other Deferred Tax Expense Credit												1 779
Par Value Share		1	1	1								1
Prepayments											126 829	111 856
Provisions											6 773	8 552
Recoverable Value-added Tax												61 345
Tax Expense Credit Applicable Tax Rate											28 595	19 476
Total Additions Including From Business Combinations Property Plant Equipment												41 460
Total Fees To Auditors	4 900	4 900	5 000
Company Contributions To Money Purchase Schemes Directors	91 904	33 210	18 663	87 553
Accruals Deferred Income Within One Year	56 296	76 640	82 854	149 560
Amortisation Intangible Assets Expense			15 225	15 225
Amounts Owed By Group Undertakings Other Participating Interests	133 151	53 622
Amounts Owed To Parent Undertaking Within One Year	18 704	100 000	110 274
Cash Flow Outflow Before Management Liquid Resources Financing	226 490	384 861
Commitments Under Non-cancellable Operating Leases Land Buildings		-40 000	-56 000	-56 000
Commitments Under Non-cancellable Operating Leases Other Items			-19 333	-21 606
Corporation Tax Due Within One Year	37 933	20 000	32 514	130 290
Creditors Due Within One Year	1 187 117	1 725 622	1 813 512	2 088 362
Depreciation Tangible Fixed Assets Expense	17 574	18 175	31 103	23 895
Difference Between Accumulated Depreciation Amortisation Capital Allowances	2 700	3 600	1 500	400
Expenses Not Deductible For Tax Purposes		28 800		-320
Increase Decrease In Net Cash For Period	226 490	384 861
Increase Decrease In U K Corporation Tax Arising From Adjustment For Prior Periods				-1 126
Intangible Fixed Assets Aggregate Amortisation Impairment			22 225	37 450
Intangible Fixed Assets Amortisation Charged In Period			15 225	15 225
Intangible Fixed Assets Amortisation Increase Decrease From Exchange Adjustment			7 000
Intangible Fixed Assets Cost Or Valuation			37 450	37 450
Intangible Fixed Assets Increase Decrease From Exchange Adjustment			37 450
Interest Receivable On Short-term Investments Loans Deposits			1 187	1 500
Land Buildings Operating Leases Expiring After Five Years	-40 000	-40 000	-40 000	-40 000
Land Buildings Operating Leases Expiring Between Two Five Years			-16 000	-16 000
Long-term Contracts Net Cost Less Foreseeable Losses		19 211	65 849	31 607
Net Assets Liability Excluding Pension Asset Liability	564 231	541 348	596 382	785 354
Net Debt Funds	167 124	551 985
Net Increase Decrease In Shareholders Funds	62 655	-22 883	55 034	188 972
Number Shares Allotted		50 000	50 000	50 000
Other Creditors Due Within One Year	3 349	18 300	5 772	4 870
Other Interest Receivable Similar Income			1 187	1 500
Other Operating Leases Expiring Between Two Five Years			-17 308	-15 548
Other Operating Leases Expiring Within One Year			-2 025	-6 058
Other Taxation Social Security Within One Year	139 012	133 251	314 370	412 598
Payments Received On Account Within One Year	25 724	7 556	44 410	184 388
Pension Costs	133 863	81 417	41 951	125 329
Pensions Costs Defined Contribution Schemes	133 863	81 417	41 951	125 329
Prepayments Accrued Income Current Asset	74 166	56 212	106 469	90 794
Profit Loss For Period	162 655	77 117	105 034	488 972
Profit Loss On Ordinary Activities Before Finance Charges Interest	212 775	98 017	134 261
Provisions Charged Credited To Profit Loss Account During Period		900	-2 100	-1 100
Provisions For Liabilities Charges	2 700	3 600	1 500	400
Share Capital Allotted Called Up Paid	50 000	50 000	50 000	50 000
Staff Costs	1 985 247	1 815 786	2 709 859	3 102 977
Tangible Fixed Assets Additions		17 701	5 907	12 457
Tangible Fixed Assets Cost Or Valuation	225 481	233 769	271 684	276 519
Tangible Fixed Assets Depreciation	180 825	189 587	228 555	244 828
Tangible Fixed Assets Depreciation Charged In Period		18 175	31 103	23 895
Tangible Fixed Assets Depreciation Decrease Increase On Disposals		9 413	13 404	7 622
Tangible Fixed Assets Depreciation Increase Decrease From Exchange Adjustments			21 269
Tangible Fixed Assets Disposals		9 413	13 404	7 622
Tangible Fixed Assets Increase Decrease From Exchange Adjustments			45 412
Tax On Group Profit On Ordinary Activities Standard U K Tax Rate	-55 322	-23 524	-31 153	-129 578
Tax On Profit Or Loss On Ordinary Activities	50 120	20 900	30 414	128 064
Total Dividend Payment	100 000	100 000	50 000	300 000
Total U K Foreign Current Tax After Adjustments Relief	47 020	20 000	32 514	129 164
Trade Creditors Within One Year	906 099	1 369 875	1 223 318	1 206 656
Turnover Gross Operating Revenue	7 096 642	7 222 004	11 124 302	11 845 179
U K Current Corporation Tax On Income For Period	37 933	20 000	32 514	130 290