Pallion Engineering Limited in Sunderland, SR4 6LL

Description

Data updated on: 01-11-2023

Pallion Engineering came into being in 1991 as a company enlisted under no 02579965, located at SR4 6LL Sunderland at Pallion Yard. It has been in business for thirty three years and its last known state is active. This business's Standard Industrial Classification Code is 25990 and has the NACE code: Manufacture of other fabricated metal products n.e.c.. Pallion Engineering Ltd released its latest accounts for the financial year up to 2021-12-31. The most recent annual confirmation statement was submitted on 2023-01-31.

Due to the company's size, it was imperative to appoint extra directors: Alexander K. and Jeremy F. who have been working as a team for seven years to fulfil their statutory duties for this specific company.

Executives who control this firm include: Pantelis K. owns 1/2 or less of company shares. Diane K. owns 1/2 or less of company shares. Dimitrios M. owns 1/2 or less of company shares.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2014-12-31	2015-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31
Currency
Net Worth	413 913	51 508

Balance Sheet
Cash Bank On Hand			17 655	5 535	418 310	327 640	22 940	231 215
Current Assets	824 354	765 635	79 830	218 331	621 342	441 759	187 408	467 446
Debtors	589 024	545 072	62 175	212 796	203 032	114 119	164 468	236 231
Net Assets Liabilities			-276 933	-388 899	-234 930	124 804	-102 128	-226 808
Other Debtors			3 264	89 053	70 228	71 011	96 036	61 828
Property Plant Equipment			2 141 577	2 129 436	1 663 267	2 324 565	2 314 886	2 539 034
Cash Bank In Hand	235 330	220 563
Net Assets Liabilities Including Pension Asset Liability	413 913	51 508
Tangible Fixed Assets	2 216 076	2 185 303

Capital & Reserves
Called Up Share Capital	2 075 000	2 075 000
Profit Loss Account Reserve	-3 659 360	-4 010 170
Shareholder Funds	413 913	51 508

Other Financial Data
Accumulated Depreciation Impairment Property Plant Equipment			5 123 711	5 136 659	5 149 494	4 702 335	4 712 014	4 720 784
Additions Other Than Through Business Combinations Property Plant Equipment				807	799			107 918
Average Number Employees During Period			5	5	5	5	5	4
Bank Borrowings Overdrafts						3 333	10 000	10 000
Comprehensive Income Expense			-69 569	-111 966
Corporation Tax Payable					31 213
Creditors			364 499	602 825	385 698	461 012	433 081	321 947
Depreciation Rate Used For Property Plant Equipment				4	4	2	33	2
Depreciation Transfer Revaluation Surplus Before Tax Increase Decrease In Equity			-5 116	-5 116
Disposals Property Plant Equipment					454 133
Increase From Depreciation Charge For Year Property Plant Equipment				12 948	12 835	12 827	9 679	8 770
Minimum Lease Payments Receivable Under Non-cancellable Operating Leases			60 191	60 258	471 600	285 223	49 782	42 571
Net Current Assets Liabilities	331 678	46	-284 669	-384 494	235 644	-19 253	-245 673	145 499
Other Creditors			276 373	490 205	209 575	220 956	86 795	105 239
Other Remaining Borrowings								750 000
Other Taxation Social Security Payable			6 830	2 653	213	12 940	17 462	23 045
Profit Loss			-69 569	-111 966
Property Plant Equipment Gross Cost			7 265 288	7 266 095	6 812 761	7 026 900	7 026 900	7 259 818
Revaluations Increase Decrease In Depreciation Impairment Property Plant Equipment						-459 986
Total Assets Less Current Liabilities	2 547 754	2 185 349	1 856 908	1 744 942	1 898 911	2 305 312	2 069 213	2 684 533
Total Increase Decrease From Revaluations Property Plant Equipment						214 139		125 000
Trade Creditors Trade Payables			81 296	109 967	144 697	223 783	318 824	183 663
Trade Debtors Trade Receivables			58 911	123 743	132 804	43 108	68 432	174 403
Creditors Due After One Year	2 133 841	2 133 841
Creditors Due Within One Year	492 676	765 589
Fixed Assets	2 216 076	2 185 303
Number Shares Allotted		2 075 000
Par Value Share		1
Revaluation Reserve	1 998 273	1 986 678
Secured Debts	2 133 841	2 133 841
Share Capital Allotted Called Up Paid	2 075 000	2 075 000
Tangible Fixed Assets Cost Or Valuation	7 265 288	7 265 288
Tangible Fixed Assets Depreciation	5 049 212	5 079 985
Tangible Fixed Assets Depreciation Charged In Period		30 773