Precision Components Limited in Rochdale, OL16 3LQ

Description

Data updated on: 01-11-2023

Precision Components started conducting its operations in the year 2007 as a Private Limited Company with reg. no. 06291131. This particular company has been active for seventeen years and the present status is active. This firm's office is based in Rochdale at Holroyd Harbour Lane North. Anyone can also find the firm using its zip code of OL16 3LQ. This company's SIC code is 25990 meaning Manufacture of other fabricated metal products n.e.c.. Saturday 31st December 2022 is the last time when the accounts were filed.

Given this specific enterprise's number of employees, it became vital to formally appoint new executives: Laurence N. and Colin C. who have been cooperating since July 2022 to fulfil their statutory duties for the following limited company. To support the directors in their duties, this particular limited company has been utilizing the skillset of Laurence N. as a secretary since the appointment on 2013-06-20.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2019-12-31	2020-12-31	2021-12-31	2022-12-31
Currency

Balance Sheet
Cash Bank On Hand	83 515	666 042	737 722	768 982
Current Assets	5 590 366	4 708 314	4 486 916	4 975 303
Debtors	5 250 238	3 784 677	3 294 469	3 328 357
Net Assets Liabilities	-1 479 203	-439 938	-79 878	-1 761 256
Other Debtors	179 359	123 672	124 643	168 439
Property Plant Equipment	1 851 219
Total Inventories	256 613	257 595	454 725	877 964

Other Financial Data
Audit Fees Expenses	14 064	7 854	18 000	18 000
Director Remuneration	76 957	74 610	87 259	86 330
Number Directors Accruing Benefits Under Money Purchase Scheme	2	2	1	2
Accumulated Depreciation Impairment Property Plant Equipment	1 849 701	1 978 114
Administrative Expenses	1 947 094	709 706	1 042 284	3 531 573
Amounts Owed By Group Undertakings	3 419 274	1 916 231	1 746 297	2 162 298
Amounts Owed To Group Undertakings	3 562 044	181 272	369 696	497 106
Average Number Employees During Period	52	46	42	44
Capital Commitments			227 616
Comprehensive Income Expense	-266 128	1 039 265	360 060	-1 681 378
Cost Inventories Recognised As Expense Gross	2 173 006	1 668 283	2 032 286	2 611 351
Cost Sales	2 173 006	1 668 283	2 032 286	2 611 351
Creditors	699 422	654 915	489 415	341 736
Deferred Tax Liabilities		41 940
Depreciation Expense Property Plant Equipment	266 173	265 286	259 697	275 833
Disposals Decrease In Depreciation Impairment Property Plant Equipment		136 873
Disposals Property Plant Equipment		154 950
Finance Lease Liabilities Present Value Total Lessor	699 422	654 915	489 415	341 736
Financial Liabilities	3 855 921	5 315 299	4 825 142	6 621 890
Gain Loss On Disposals Property Plant Equipment		36 923
Gain Loss On Non-financing Activities Due To Foreign Exchange Differences Recognised In Profit Or Loss	-94 716	-234 691	1 015	127 228
Government Grant Income		158 118	32 676
Gross Profit Loss	1 654 758	1 588 851	1 390 790	1 835 093
Increase Decrease In Property Plant Equipment		166 750
Increase From Depreciation Charge For Year Property Plant Equipment		265 286
Interest Expense On Bank Overdrafts	24 275	22 718	27 709	24 775
Interest Payable Similar Charges Finance Costs	24 275	22 718	27 709	24 775
Net Current Assets Liabilities	-2 612 374	-1 461 679	-1 523 512	-3 461 163
Number Shares Issued Fully Paid		1	1	1
Operating Profit Loss	-247 082	1 103 571	443 855	-1 619 788
Other Creditors	302 106	343 958	238 216	441 463
Other Deferred Tax Expense Credit		41 940	56 086	36 815
Other Interest Receivable Similar Income Finance Income	5 229	352
Other Operating Expenses Format1	-45 254	-224 426	-95 349
Other Operating Income Format1	45 254	224 426	95 349	76 692
Other Remaining Borrowings	3 733 489	5 160 792	4 662 953	6 474 211
Par Value Share		1	1	1
Pension Other Post-employment Benefit Costs Other Pension Costs	92 662	82 298	77 133	67 141
Profit Loss	-266 128	1 039 265	360 060	-1 681 378
Profit Loss On Ordinary Activities Before Tax	-266 128	1 081 205	416 146	-1 644 563
Property Plant Equipment Gross Cost	3 700 920	3 712 720
Property Plant Equipment Including Right-of-use Assets	1 851 219	1 734 606
Provisions	18 626	57 950	117 536	156 571
Provisions For Liabilities Balance Sheet Subtotal	18 626	57 950	117 536	156 571
Raw Materials	74 158	72 096
Social Security Costs	177 963	161 243	149 792	161 547
Staff Costs Employee Benefits Expense	1 447 476	1 310 509	1 320 157	1 494 075
Taxation Social Security Payable	40 972	30 964	35 692	32 850
Tax Expense Credit Applicable Tax Rate	-19	-19	-19	-19
Tax Tax Credit On Profit Or Loss On Ordinary Activities		41 940	56 086	36 815
Total Assets Less Current Liabilities	-761 155	272 927	527 073	-1 262 949
Total Current Tax Expense Credit		41 940	56 086	36 815
Trade Creditors Trade Payables	441 697	298 500	541 682	843 157
Trade Debtors Trade Receivables	1 651 605	1 744 774	1 423 529	997 620
Turnover Revenue	3 827 764	3 257 134	3 423 076	4 446 444
Work In Progress	182 455	185 499