Precision Stitching Limited in Nottingham, NG7 2RR

Description

Data updated on: 01-11-2023

1999 is the date that marks the launching of Precision Stitching Limited, the company that is situated at 1 Poplars Court, Lenton Lane, Nottingham. This means it's been 25 years Precision Stitching has prospered in the business, as it was registered on 1999-12-14. The company's registration number is 03893755 and the company area code is NG7 2RR. This enterprise's declared SIC number is 13300, that means Finishing of textiles. Precision Stitching Ltd reported its latest accounts for the financial period up to 31st December 2022. The company's most recent annual confirmation statement was submitted on 31st January 2023.

With two job advertisements since 2014-05-15, the firm has been an active employer on the labour market. On 2014-08-21, it was employing job candidates for a full time Experieced Lockstitch and Overlocking Sewing Machinist post in Nottingham, and on 2014-05-15, for the vacant post of a full time Sewing Machinist ll Machinist szycia in Nottingham.

Given the firm's constant expansion, it became imperative to find extra directors: Stephen B., Patrick T. and Raymond A. who have been supporting each other since 2010 to fulfil their statutory duties for this company.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31
Currency	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP
Net Worth	37 277	35 759	39 436	93 803	87 980

Balance Sheet
Cash Bank On Hand					124 963	175 636	214 436	211 442	218 821	518 684	360 605	188 064
Current Assets	121 682	124 201	124 142	219 489	210 571	289 392	296 818	308 072	316 319	627 327	476 610	305 839
Debtors	13 507	6 787	15 493	23 277	40 288	69 882	35 437	39 915	29 766	52 391	49 889	48 546
Net Assets Liabilities					87 980	157 313	178 901	182 274	177 986	170 539	164 400	137 519
Other Debtors						250			2 977	3 025
Property Plant Equipment					9 107	7 429	11 367	14 256	28 337	23 068	18 387	14 062
Total Inventories					45 320	43 874	46 945	56 715	67 732	56 252	66 116	69 229
Cash Bank In Hand	71 920	76 735	67 167	153 092	124 963
Net Assets Liabilities Including Pension Asset Liability	37 277	35 759	39 436	93 803	87 980
Stocks Inventory	36 255	40 679	41 482	43 120	45 320
Tangible Fixed Assets	11 330	10 523	8 348	11 103	9 107

Capital & Reserves
Called Up Share Capital	100	100	100	100	100
Profit Loss Account Reserve	37 177	35 659	39 336	93 703	87 880
Shareholder Funds	37 277	35 759	39 436	93 803	87 980

Other Financial Data
Accrued Liabilities Deferred Income										9 500	8 734	5 425
Accumulated Depreciation Impairment Property Plant Equipment					23 785	26 262	30 050	34 802	43 908	51 599	57 730	62 055
Additions Other Than Through Business Combinations Property Plant Equipment											1 450
Average Number Employees During Period						17	19	19	18	20	18	17
Bank Borrowings Overdrafts										50 000	37 338	27 500
Corporation Tax Payable					15 176	23 499	20 921	15 394	11 527	22 790	22 957	11 046
Creditors					129 968	138 170	127 124	137 354	9 634	54 379	47 338	27 500
Finance Lease Liabilities Present Value Total									9 634	4 379	4 379
Increase From Depreciation Charge For Year Property Plant Equipment						2 477	3 788	4 752	9 106	7 690	6 131	4 325
Net Current Assets Liabilities	27 810	26 992	32 488	84 700	80 603	151 222	169 694	170 718	164 683	206 250	196 851	153 632
Other Creditors					6 206	5 891	3 670	5 806	6 053	4 379	21 450	17 534
Other Taxation Social Security Payable					3 835	4 269	4 616	5 257	4 592	25 155	36 577	41 979
Prepayments Accrued Income					8 364	2 796	2 825	2 910	2 977	3 025	3 025	3 025
Property Plant Equipment Gross Cost					32 892	33 691	41 417	49 058	72 245	74 667	76 117
Provisions For Liabilities Balance Sheet Subtotal					1 730	1 338	2 160	2 700	5 400	4 400	3 500	2 675
Total Additions Including From Business Combinations Property Plant Equipment						799	7 726	7 641	23 187	2 422
Total Assets Less Current Liabilities	39 140	37 515	40 836	95 803	89 710	158 651	181 061	184 974	193 020	229 318	205 238	167 694
Trade Creditors Trade Payables					56 806	49 391	51 421	60 489	69 470	338 721	185 662	66 223
Trade Debtors Trade Receivables					31 924	66 836	32 612	37 005	26 789	49 366	46 864	45 521
Accrued Liabilities					2 680	2 815	2 815	2 815	9 942
Creditors Due Within One Year	93 872	97 209	91 654	134 789	129 968
Dividends Paid						40 000	70 000	70 000	70 000
Number Shares Allotted		100	100	100	100
Number Shares Issued Fully Paid						100	100	100	100
Par Value Share		1	1	1	1	1	1	1	1
Profit Loss						109 333	91 588	73 373	65 712
Provisions					1 730	1 338	2 160	2 700	5 400
Provisions For Liabilities Charges	1 863	1 756	1 400	2 000	1 730
Share Capital Allotted Called Up Paid	100	100	100	100	100
Tangible Fixed Assets Additions		2 702	607	6 457	1 634
Tangible Fixed Assets Cost Or Valuation	24 842	27 544	28 151	34 608	32 892
Tangible Fixed Assets Depreciation	13 512	17 021	19 803	23 505	23 785
Tangible Fixed Assets Depreciation Charged In Period		3 509	2 782	3 702	3 034
Tangible Fixed Assets Depreciation Decrease Increase On Disposals					2 754
Tangible Fixed Assets Disposals					3 350