Service Offset Supplies Limited in Loughton, IG10 3TZ

Description

Data updated on: 01-11-2023

Service Offset Supplies Limited, a Private Limited Company, that is located in 40 Oakwood Hill Industrial Estate, Oakwood Hill, Loughton. The headquarters' zip code IG10 3TZ. This company was formed in 1972. Its registration number is 01088274. This enterprise's Standard Industrial Classification Code is 46900 which stands for Non-specialised wholesale trade. Service Offset Supplies Ltd released its account information for the period up to Sat, 31st Dec 2022. Its most recent annual confirmation statement was filed on Tue, 13th Jun 2023.

As the information gathered suggests, this particular company was founded fifty two years ago and has been governed by seven directors, and out of them three (Omran A., Richard Q. and Ashley F.) are still in the management.

The companies that control this firm include: Service Offset Supplies Holdings Ltd owns over 3/4 of company shares and has 3/4 to full of voting rights. This business can be reached in Loughton at Oakwood Hill Industrial Estate, Oakwood Hill, Essex and was registered as a PSC under the registration number 10490231.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2012-12-29	2013-12-29	2014-12-29	2015-12-29	2016-12-29	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31
Currency
Net Worth	3 054 913	3 042 157	2 327 807	2 411 722	2 671 178

Balance Sheet
Cash Bank In Hand	317 602	520 534	459 038	313 351	646 267
Cash Bank On Hand					646 267	352 984	311 517	527 895	945 281	755 786	349 714
Current Assets	2 639 818	3 074 815	2 839 096	2 334 480	3 415 095	2 291 109	2 677 148	2 947 292	2 557 719	2 370 695	2 033 925
Debtors	1 870 376	2 001 260	1 839 809	1 645 461	1 691 928	1 543 963	1 937 350	1 903 510	1 159 659	1 194 272	1 216 945
Intangible Fixed Assets	1 134 000	895 750
Net Assets Liabilities					2 683 325	1 569 518	1 534 174	1 585 956
Net Assets Liabilities Including Pension Asset Liability	3 054 913	3 042 157	2 327 807	2 411 722	2 671 178
Other Debtors					13 639	6 281	60 745	16 393	11 952	4 431	1 431
Property Plant Equipment					184 768	166 804	193 108	153 841	100 943	151 403	172 080
Stocks Inventory	451 840	553 021	540 249	375 668	410 662
Tangible Fixed Assets	182 676	234 847	208 912	188 537	184 768
Total Inventories					410 662	394 162	428 281	515 887	452 779	420 637	467 266

Capital & Reserves
Called Up Share Capital	269 760	269 760	154 057	154 057	154 057
Profit Loss Account Reserve	-55 660	-90 367	2 058 047	2 257 665	2 517 121
Shareholder Funds	3 054 913	3 042 157	2 327 807	2 411 722	2 671 178

Other Financial Data
Accrued Liabilities					11 695	17 222	28 827	16 910	20 482	19 945	17 358
Accumulated Depreciation Impairment Property Plant Equipment					262 939	299 650	303 997	264 348	295 740	220 917	232 374
Adjustment For Prior Periods Leading To An Increase Decrease In Tax Charge	-6 079
Administrative Expenses	576 798	592 337	658 528	367 803	327 625	310 279
Amortisation Intangible Assets Expense	238 250	238 250	238 250
Applicable Tax Rate					20	19
Average Number Employees During Period					24	24		31	28	24	24
Capital Allowances In Excess Depreciation Leading To Decrease Increase In Tax	3 526	2 846	-9 265	-1 925	1 562
Capital Redemption Reserve	2 182 255	2 182 255	115 703
Commitments Under Non-cancellable Operating Leases Total			71 508	71 508	69 661
Corporation Tax Due Within One Year				11 197	17 022
Corporation Tax Payable					17 022	4 509	3 174	3 761	1 146	28 135	54 092
Cost Sales	4 200 101	4 442 478	5 060 274	4 406 422	4 061 574	3 917 085
Creditors					5 373	1 151 318	1 789 330	1 872 210	1 241 227	1 102 614	1 081 489
Creditors Due After One Year					5 373
Creditors Due Within One Year	1 736 221	1 995 999	1 631 772	1 262 757	1 260 456
Current Asset Investments					642 817
Current Tax For Period					17 022	4 509
Debtors Due After One Year	251 167	176 787
Debtors Due Within One Year	1 619 209	1 824 473	1 663 022	1 493 965	1 583 801
Depreciation Tangible Fixed Assets Expense	76 421	74 346	85 374	78 758	78 200
Difference Between Accumulated Depreciation Amortisation Capital Allowances	1 186	3 082
Disposals Decrease In Depreciation Impairment Property Plant Equipment						43 448		115 109	36 511	128 220	54 193
Disposals Property Plant Equipment						50 203		129 780	47 586	162 146	66 618
Distribution Costs	1 053 945	1 082 839	1 260 850	1 080 790	1 019 108	994 165
Dividends Paid						1 355 020
Effective Current Tax Rate	20	20	20	20	20
Expenses Not Deductible For Tax Purposes	2 306	2 354	1 442	1 078	3 150
Finance Lease Liabilities Present Value Total					5 373	5 373
Fixed Assets	2 152 502	1 966 423	1 120 483	1 339 999	537 096	433 560	647 756	510 874	150 723	300 853	282 155
Gain Loss From Disposal Fixed Assets	24 175	12 040	77 413	31 696	54 057
Gain Loss On Sales Fixed Asset Investments	-548 282		-657 500
Gross Profit Loss	1 605 376	1 611 015	1 816 599	1 566 285	1 555 795	1 528 214
Income From Other Fixed Asset Investments			1 800	5 400	9 912	812
Increase Decrease In Current Tax From Adjustment For Prior Periods						58
Increase From Depreciation Charge For Year Property Plant Equipment						80 159		75 460	67 903	53 397	65 650
Intangible Fixed Assets Aggregate Amortisation Impairment	1 248 505	1 486 755	2 382 505	2 382 505
Intangible Fixed Assets Amortisation Charged In Period		238 250	238 250
Intangible Fixed Assets Cost Or Valuation	2 382 505	2 382 505	2 382 505	2 382 505
Intangible Fixed Assets Impairment Losses			657 500
Interest Expense On Loan Capital					154
Interest Payable Similar Charges	15 000	15 000	13 125	6 250	154
Interest Payable Similar Charges Finance Costs					154
Investments Fixed Assets	835 826	835 826	911 571	1 151 462	352 328	266 756	254 648	257 033	49 780	65 450	47 075
Loans From Directors Within One Year	407 309	282 309	125 000
Merchandise					410 662	394 162	428 281	515 887	452 779	420 637	467 266
Net Current Assets Liabilities	903 597	1 078 816	1 207 324	1 071 723	2 154 639	1 139 791	887 818	1 075 082	1 316 492	1 268 081	952 436
Non-taxable Income			10 780	6 001	3 816
Number Shares Allotted		1 098 814	1 463 062	1 463 062	1 463 062
Number Shares Issued Fully Paid						1 463 062		1 463 062	1 463 062	1 463 062	1 463 062
Obligations Under Finance Lease Hire Purchase Contracts After One Year					5 373
Obligations Under Finance Lease Hire Purchase Contracts Within One Year					7 081
Operating Leases Expiring Between Two Five Years	63 944	63 944	71 516	7 564	68 400
Operating Leases Expiring Within One Year				63 944	1 261
Operating Profit Loss	-16 619	-64 161	-50 680	142 296	249 639	278 604
Other Creditors					39 846	32 431	67 125	57 684	45 161	59 831	55 780
Other Creditors Due Within One Year	50 404	42 662	37 495	31 487	39 846
Other Deferred Tax Expense Credit					41 194	57 107
Other Interest Receivable Similar Income	86 684	57 471	56 044	55 986	60 450
Other Interest Receivable Similar Income Finance Income					60 450	23 413
Other Investments Other Than Loans					352 328	266 756	254 648	257 033	49 780	65 450	47 075
Other Operating Income	8 748		52 099	24 604	40 577
Other Operating Income Format1					-6 272	32 204
Other Reserves	-2 736 248	-2 714 809
Other Taxation Social Security Payable					30 784	29 901	42 922	47 716	40 372	33 067	31 797
Other Taxation Social Security Within One Year	43 148	45 472	45 118	29 410	30 784
Par Value Share		0	0	0	0	0		0	0	0	0
Pension Costs	50 595	49 141	51 083	48 843	51 584
Pension Other Post-employment Benefit Costs Other Pension Costs					51 584	54 401
Prepayments Accrued Income					47 152	36 611	41 135	48 345	37 129	40 736	38 987
Profit Loss					250 756	241 213
Profit Loss For Period	-376 525	-13 268	-660 379	160 944	259 456
Profit Loss On Ordinary Activities Before Tax	-493 217	-21 690	-663 461	197 432	308 972	302 829
Property Plant Equipment Gross Cost					447 707	466 454	497 105	418 189	396 683	372 320	404 454
Provisions Additional Amounts Provided		1 896
Provisions Charged Credited To Profit Loss Account During Period			-3 082
Provisions For Liabilities Balance Sheet Subtotal					3 037	3 833	1 400
Provisions For Liabilities Charges	1 186	3 082
Purchase Own Shares Decrease Increase In Total Reserves			-49 173
Revaluation Reserve	48 000	54 000
Share Capital Allotted Called Up Paid	1 099	1 099	1 463	1 463	1 463
Share Premium Account	2 809 156	2 809 156
Social Security Costs	74 290	85 835	99 026	81 187	78 507	77 246
Staff Costs	863 635	873 064	1 042 925	871 870	837 051
Staff Costs Employee Benefits Expense					837 051	817 774
Standard Nominal Tax Rate	20	20	20	20	20
Stocks Raw Materials Consumables	451 840	553 021	540 249	375 668	410 662
Tangible Fixed Assets Additions		146 827	67 850	89 641	99 458
Tangible Fixed Assets Cost Or Valuation	451 032	504 469	475 236	461 088	447 707
Tangible Fixed Assets Depreciation	268 356	269 622	266 324	272 551	262 939
Tangible Fixed Assets Depreciation Charged In Period		74 346	85 374	78 758	81 007
Tangible Fixed Assets Depreciation Decrease Increase On Disposals		73 080	88 672	72 531	90 619
Tangible Fixed Assets Disposals		93 390	97 083	103 789	112 839
Tax Decrease From Utilisation Tax Losses					43 369	50 291
Tax Decrease Increase From Effect Revenue Exempt From Taxation					1 641	10 579
Tax Expense Credit Applicable Tax Rate					61 794	57 538
Tax Increase Decrease From Effect Capital Allowances Depreciation					-1 562	6 841
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss					3 150	942
Tax On Group Profit On Ordinary Activities Standard U K Tax Rate	-98 643	-4 338	-132 692	39 486	63 969
Tax On Profit Or Loss On Ordinary Activities	-116 692	-8 422	-3 082	36 488	60 391
Tax Tax Credit On Profit Or Loss On Ordinary Activities					58 216	61 616
Total Additions Including From Business Combinations Property Plant Equipment						68 950		50 864	26 080	137 783	98 752
Total Assets Less Current Liabilities	3 056 099	3 045 239	2 327 807	2 411 722	2 691 735	1 573 351	1 535 574	1 585 956	1 467 215	1 568 934	1 234 591
Total Dividend Payment				77 029
Total Reserves	2 785 153	2 772 397	2 173 750	2 257 665
Total U K Foreign Current Tax After Adjustments Relief	-105 942	-4 830		11 197	17 022
Trade Creditors Trade Payables					1 084 003	988 974	1 235 825	1 424 286	933 024	873 552	845 802
Trade Creditors Within One Year	1 152 978	1 544 286	1 332 703	1 076 549	1 084 003
Trade Debtors Trade Receivables					1 523 010	1 449 255	1 816 519	1 838 772	1 110 578	1 149 105	1 176 527
Turnover Gross Operating Revenue	5 805 477	6 053 493	6 876 873	5 972 707	5 617 369
Turnover Revenue					5 617 369	5 445 299
U K Current Corporation Tax	-99 863	-4 830		11 197	17 022
U K Deferred Tax	-10 750	-3 592	-3 082	25 291	43 369
Utilisation Tax Losses				25 291	43 369
V A T Due Total Creditors	56 498	63 641	77 471	94 927	70 025
Wages Salaries	738 750	738 088	892 816	741 840	706 960	686 127
Accumulated Amortisation Impairment Intangible Assets							30 000	80 000	130 000	151 000	172 000
Director Remuneration	28 249	32 049	30 280	29 205	30 236
Increase From Amortisation Charge For Year Intangible Assets								50 000	50 000	21 000	21 000
Intangible Assets							200 000	100 000		84 000	63 000
Intangible Assets Gross Cost							230 000	180 000	130 000	235 000
Total Additions Including From Business Combinations Intangible Assets										105 000