Practical Minds Limited in Long Eaton, NG10 1NJ

Description

Data updated on: 01-11-2023

The Practical Minds Limited company has been on the market for eighteen years, having launched in 2006. Registered under the number 05903669, Practical Minds was set up as a Private Limited Company with office in Lyndhurst, Long Eaton NG10 1NJ. The company known today as Practical Minds Limited was known under the name Elite Projects Uk up till Friday 10th October 2008 then the name got changed. The firm's SIC code is 43320: Joinery installation. The firm's most recent annual accounts were submitted for the period up to Wednesday 31st August 2022 and the most recent confirmation statement was filed on Thursday 24th August 2023.

Given the firm's growth, it was imperative to appoint new directors, including: Matthew B., Carl S., Russell R. who have been cooperating since 2021 to exercise independent judgement of this limited company. Furthermore, the managing director's assignments are regularly aided with by a secretary - Mary W., who was appointed by the limited company on Friday 11th August 2006.

Previous company's names
Practical Minds Limited 2008-10-10
Elite Projects Uk Limited 2006-08-11

Financial data based on annual reports

Profit & Loss
Date of Accounts	2011-08-31	2012-08-31	2013-08-31	2014-08-31	2015-08-31	2016-08-31	2017-08-31	2018-08-31	2022-08-31	2023-08-31
Currency
Net Worth	23 924	148 292	45 468	154 295	130 449	405 090

Balance Sheet
Cash Bank On Hand						221 658	334 095	29 268	553 251	329 900
Current Assets	170 393	390 495	166 370	417 207	654 986	1 043 117	934 706	732 041	1 399 334	1 370 690
Debtors	92 305	208 287	139 034	382 437	489 984	815 459	597 713	548 131	772 745	957 562
Net Assets Liabilities							349 204	237 548	801 126	813 719
Other Debtors							2 145	6 436	9 200	58 522
Property Plant Equipment									205 732	330 944
Total Inventories						6 000	2 898	154 642	73 338	83 228
Cash Bank In Hand	46 088	169 708	636	33 770	164 002	221 658
Stocks Inventory	32 000	12 500	26 700	1 000	1 000	6 000
Net Assets Liabilities Including Pension Asset Liability	23 924	148 292	45 468	154 295
Tangible Fixed Assets	28 838	32 301	47 170

Capital & Reserves
Called Up Share Capital	175	300	300	300	300	275
Profit Loss Account Reserve	23 749	147 992	45 168	153 995	130 149	404 790
Shareholder Funds	23 924	148 292	45 468	154 295	130 449	405 090

Other Financial Data
Accumulated Depreciation Impairment Property Plant Equipment									4 719	55 708
Additions Other Than Through Business Combinations Property Plant Equipment										176 201
Amounts Owed By Group Undertakings Participating Interests								121 625
Amounts Owed To Group Undertakings Participating Interests							95 918	130 373
Average Number Employees During Period						44	43	34	30	31
Bank Borrowings Overdrafts									40 000	40 000
Corporation Tax Payable							79 625	20 675	87 282	80 553
Creditors						638 027	585 502	494 493	654 851	738 872
Depreciation Rate Used For Property Plant Equipment										15
Increase From Depreciation Charge For Year Property Plant Equipment										50 989
Net Current Assets Liabilities	-4 914	115 991	-1 702	154 295	130 449	405 090	349 204	237 548	744 483	631 818
Other Creditors							3 702	98 567	111 828	79 733
Other Remaining Borrowings							22 055	22 186
Other Taxation Social Security Payable							102 873	89 301	111 382	175 174
Property Plant Equipment Gross Cost									210 451	386 652
Provisions For Liabilities Balance Sheet Subtotal									39 089	79 043
Total Assets Less Current Liabilities	23 924	148 292	45 468	154 295	130 449	405 090	349 204	237 548	950 215	962 762
Trade Creditors Trade Payables							281 329	133 391	288 396	348 018
Trade Debtors Trade Receivables							595 568	420 070	763 545	899 040
Capital Redemption Reserve						25
Creditors Due Within One Year	175 307	274 504	168 072	262 912	524 537	638 027
Number Shares Allotted	100	200	100	100	100	75
Par Value Share		1	1	1	1	1
Share Capital Allotted Called Up Paid	100	100	100	100	100	75
Value Shares Allotted					200	200
Advances Credits Directors					2 848
Advances Credits Made In Period Directors					2 848
Fixed Assets	28 838	32 301	47 170
Tangible Fixed Assets Additions		11 777	27 627	2 709
Tangible Fixed Assets Cost Or Valuation	37 746	49 523	77 150
Tangible Fixed Assets Depreciation	8 908	17 222	29 980
Tangible Fixed Assets Depreciation Charged In Period		8 314	12 758
Tangible Fixed Assets Depreciation Decrease Increase On Disposals				29 980
Tangible Fixed Assets Disposals				79 859