Precision Somers Limited in Warwickshire, CV22 7DH

Description

Data updated on: 01-11-2023

Precision Somers Limited has been prospering in the United Kingdom for 59 years. Started with Companies House Reg No. 00861746 in the year 1965, it is located at 38 Somers Road, Warwickshire CV22 7DH. Launched as Precision Toolmakers & Engineers (rugby), this company used the name up till 2002, the year it was changed to Precision Somers Limited. This enterprise's Standard Industrial Classification Code is 28490 and their NACE code stands for Manufacture of other machine tools. Precision Somers Ltd reported its account information for the financial year up to 2022-12-31. The most recent annual confirmation statement was filed on 2023-05-25.

According to the information we have, this company was formed in October 18, 1965 and has been steered by ten directors, and out this collection of individuals three (Timothy B., Eric K. and Jon F.) are still active.

Previous company's names
Precision Somers Limited 2002-03-26
Precision Toolmakers & Engineers (rugby) Limited 1965-10-18

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	2021-12-31	2022-12-31
Currency	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP
Net Worth	145 624	184 568	116 158	125 718	139 409

Balance Sheet
Cash Bank In Hand	76 864	125 284	103 111	100 546	94 088
Cash Bank On Hand					94 088	117 784	204 122	247 767	35 877	411 905	23 154	1 568
Current Assets	107 825	158 498	147 438	168 685	159 341	191 735	256 551	248 442	273 282	631 848	616 097	573 371
Debtors	30 961	33 214	44 327	68 139	65 253	73 951	52 429	675	237 405	219 943	592 943	571 803
Net Assets Liabilities					139 409	182 508	225 124	315 994	359 907	360 220	344 703	305 249
Net Assets Liabilities Including Pension Asset Liability	145 624	184 568	116 158	125 718	139 409
Other Debtors					46 465	46 445	52 429	675	926	231	231	231
Property Plant Equipment					335 263	314 029	260 914	158 018	193 420	153 936	129 797	99 794
Tangible Fixed Assets	230 956	287 150	466 115	350 561	335 263

Capital & Reserves
Called Up Share Capital	2 000	2 000	1 620	1 620	1 620
Profit Loss Account Reserve	143 624	182 568	114 158	123 718	137 409
Shareholder Funds	145 624	184 568	116 158	125 718	139 409

Other Financial Data
Accumulated Depreciation Impairment Property Plant Equipment					1 025 980	1 102 539	1 164 269	1 116 165	1 132 596	86 816	1 181 219	1 170 222
Amounts Owed By Group Undertakings					18 788	27 506			190 339	186 572	571 572	571 572
Amounts Owed To Group Undertakings							47 098	21 128		341 175	333 493	333 493
Average Number Employees During Period						2	2
Capital Redemption Reserve			380	380	380
Creditors					85 520	53 259	252 341	58 646	49 000	28 000	12 250	352 270
Creditors Due After One Year	23 000	33 194	184 638	112 327	85 520
Creditors Due Within One Year	137 015	187 075	243 761	230 719	218 743
Disposals Decrease In Depreciation Impairment Property Plant Equipment						1 950		69 280	42 526		14 472	35 936
Disposals Property Plant Equipment						3 750		100 000	45 000		15 000	41 000
Finance Lease Liabilities Present Value Total					49 993	23 332	23 333		49 000	28 000	12 250	12 250
Fixed Assets	231 056	287 250	466 215	350 661	335 363	314 129	261 014	158 118	193 520	154 036	129 897	99 794
Increase Decrease In Property Plant Equipment						40 000
Increase From Depreciation Charge For Year Property Plant Equipment						78 509	20 051	19 640	58 957	39 484	23 611	3 570
Investments Fixed Assets	100	100	100	100	100	100	100	100	100	100	100
Investments In Group Undertakings					100	100	100	100	100	100	100	-100
Net Current Assets Liabilities	-29 190	-28 577	-96 323	-62 034	-59 402	-28 693	4 210	189 796	250 787	262 325	250 761	221 101
Number Shares Allotted		1 000	810	810	810
Number Shares Issued Fully Paid						810		760	760	760	760
Other Creditors					35 527	29 927	8 624				10 030	6 510
Other Taxation Social Security Payable					2 963	11 638	17 437	37 518	1 495	7 332	796
Par Value Share		1	1	1	1	1		1	1	1	1
Property Plant Equipment Gross Cost					1 361 243	1 416 568	1 425 183	1 274 183	1 326 016	1 326 016	1 311 016	1 270 016
Provisions For Liabilities Balance Sheet Subtotal					51 032	49 669	40 100	31 920	35 400	28 141	23 705	15 646
Provisions For Liabilities Charges	33 242	40 911	69 096	50 582	51 032
Secured Debts	50 942	60 778	154 195	100 111	87 123
Share Capital Allotted Called Up Paid	1 000	1 000	810	810	810
Tangible Fixed Assets Additions		128 000	301 904		68 520
Tangible Fixed Assets Cost Or Valuation	862 819	990 819	1 292 723	1 292 723	1 361 243
Tangible Fixed Assets Depreciation	631 863	703 669	826 608	942 162	1 025 980
Tangible Fixed Assets Depreciation Charged In Period		71 806	122 939	115 554	83 818
Tangible Fixed Assets Depreciation Decrease Increase On Disposals		68 468
Total Additions Including From Business Combinations Property Plant Equipment						59 075	8 615		96 833
Total Assets Less Current Liabilities	201 866	258 673	369 892	288 627	275 961	285 436	265 224	347 914	444 307	416 361	380 658	320 895
Trade Creditors Trade Payables					151 850	151 850	155 849			16	17	17
Trade Debtors Trade Receivables									46 140	33 140	21 140