Setco Automotive (UK) Limited in Rossendale, BB4 4HU

Description

Data updated on: 01-11-2023

Setco Automotive (UK) Limited can be found at Rossendale at Lipe Clutch Division. Anyone can search for this business by referencing its post code - BB4 4HU. Setco Automotive (UK)'s founding dates back to 2005. This business is registered under the number 05628324 and their current status is active. This business's classified under the NACE and SIC code 29320 and their NACE code stands for Manufacture of other parts and accessories for motor vehicles. 2023/03/31 is the last time when the accounts were reported.

Considering this company's size, it became imperative to acquire extra executives: Mohsin V. and Udit S. who have been cooperating since June 2021 to promote the success of the company. In addition, the managing director's assignments are regularly helped with by a secretary - John W., who was chosen by this company in 2005.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2019-03-31	2020-03-31	2021-03-31	2022-03-31	2023-03-31
Currency

Balance Sheet
Cash Bank On Hand	117 446	465 258	895 544	367 118	275 807
Current Assets	3 898 523	3 707 743	3 254 306	5 372 126	4 769 757
Debtors	1 524 745	1 240 845	1 360 962	4 043 045	3 779 050
Net Assets Liabilities	750 716	-287 815	-1 169 718	1 544 308	1 167 437
Other Debtors	50	50	2 575
Property Plant Equipment	1 096 540	1 088 595	91 647	39 038	27 434
Total Inventories	2 256 332	2 001 640	997 800	961 963	714 900

Other Financial Data
Audit Fees Expenses	8 500	8 750	8 750	11 000	11 000
Other Non-audit Services Entity Subsidiaries Fees	3 000	3 500	3 500	2 250	2 384
Accrued Liabilities Deferred Income	75 994	127 662	131 395	154 411	94 964
Accumulated Amortisation Impairment Intangible Assets		878 000	878 000	878 000	878 000
Accumulated Depreciation Impairment Property Plant Equipment	781 088	823 323	592 822	645 764	657 368
Additions Other Than Through Business Combinations Property Plant Equipment		34 290		333
Administration Support Average Number Employees	14	12	11	8	7
Administrative Expenses	946 600	811 573	1 080 227	997 429	859 655
Advances On Invoice Discounting Facilities	40 243
Amortisation Expense Intangible Assets	127 908
Amounts Owed By Group Undertakings	710 847	698 217	831 506	3 506 306	3 246 727
Amounts Owed To Group Undertakings	5 998 903	3 657 663	3 036 120	2 325 539	2 196 768
Applicable Tax Rate	19	19	19	19	19
Average Number Employees During Period	22	20	18	13	12
Carrying Amount Under Cost Model Revalued Assets Property Plant Equipment	564 003	549 732
Cash Cash Equivalents Cash Flow Value	117 446	465 258	895 544	367 118	275 807
Comprehensive Income Expense	-881 654	-1 038 531	-881 903	2 714 026	-376 871
Cost Sales	2 081 050	1 763 047	1 280 889	1 347 944	1 776 924
Creditors	6 244 347	3 900 222	3 331 740	2 682 925	2 445 823
Deferred Tax Expense Credit From Unrecognised Tax Loss Or Credit			167 553	-563 249
Depreciation Expense Property Plant Equipment	37 176	42 235	26 810	52 942	11 604
Depreciation Transfer Revaluation Surplus Before Tax Increase Decrease In Equity	-6 908	-14 372
Disposals Decrease In Depreciation Impairment Property Plant Equipment			257 311
Disposals Property Plant Equipment			1 227 449
Distribution Costs	170 402	162 754	147 073	282 746	183 264
Fixed Assets	4 096 540	4 088 595	3 091 647	3 039 038	3 027 434
Further Item Gain Loss In Other Comprehensive Income Before Tax Component Total Other Comprehensive Income Before Tax			-572 139
Further Item Operating Expense Loss Income Statement Item Component Operating Profit Loss	400 000	200 000	447 639	250 441	76 641
Further Item Operating Income Component Total Other Operating Income	16 945	13 725		5 305	9 537
Further Item Operating Income Gain Income Statement Item Component Operating Profit Loss				3 380 000
Future Minimum Lease Payments Under Non-cancellable Operating Leases	34 474	24 659	259 033	189 057	112 792
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables	-504 801	-2 885	53 061	61 766	-108 331
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables	-71 817	287 038	-94 386	-2 682 083	263 995
Gain Loss In Cash Flows From Change In Inventories	908 350	254 692	1 003 840	35 837	247 063
Gain Loss On Disposals Property Plant Equipment			-62 779
Gain Loss On Non-financing Activities Due To Foreign Exchange Differences Recognised In Profit Or Loss	20 323	-4 482	3 148
Gain Loss On Revaluation Property Plant Equipment Before Tax In Other Comprehensive Income	298 568
Government Grant Income			118 145	34 498
Gross Profit Loss	1 095 018	955 072	666 957	824 839	733 152
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation	9 950	347 812	430 286	-528 426	-91 311
Increase Decrease In Net Debt From Cash Flows		494 879	-1 051 829	-182 155	-37 460
Increase From Depreciation Charge For Year Property Plant Equipment		42 235	26 810	52 942	11 604
Intangible Assets Gross Cost		878 000	878 000	878 000	878 000
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings	31 104	17 218
Interest Paid Classified As Financing Activities	1 962
Interest Paid Classified As Operating Activities		407 882
Interest Payable Similar Charges Finance Costs	775 183	833 001
Investments	3 000 000	3 000 000	3 000 000	3 000 000	3 000 000
Investments Fixed Assets	3 000 000	3 000 000	3 000 000	3 000 000	3 000 000
Investments In Group Undertakings	3 000 000	3 000 000	3 000 000	3 000 000	3 000 000
Loans Advances Granted To Group Undertakings Classified As Financing Activities			647 274	3 771 487	128 771
Net Cash Flows From Used In Financing Activities	-64 275	414 434	-529 129	-676 083	-128 771
Net Cash Flows From Used In Investing Activities	-17 552	-34 290	907 359	-333
Net Cash Flows From Used In Operating Activities	91 777	-32 332	52 056	147 990	37 460
Net Cash Generated From Operations	91 777	375 550	170 201	147 990	37 460
Net Current Assets Liabilities	-2 345 824	-192 479	-77 434	2 689 201	2 323 934
Net Debt Funds	6 881 457	7 376 336	6 324 507	6 142 352	6 104 892
Number Shares Issued But Not Fully Paid	2 734 269	2 734 269	2 734 269	2 734 269	2 734 269
Number Shares Issued Fully Paid	720 000	720 000	720 000	720 000	720 000
Operating Profit Loss	-405 039	-205 530	-881 903	2 714 026	-376 871
Other Creditors	105	852
Other Finance Costs	744 079	815 783
Other Operating Income Format1	16 945	13 725	126 079	39 803	9 537
Other Taxation Social Security Payable	18 046	18 299	14 400	22 891	15 109
Par Value Share		1	1	1	1
Pension Costs Defined Contribution Plan	36 063	21 992	16 183	14 734	13 577
Pension Other Post-employment Benefit Costs Other Pension Costs	36 063	21 992	16 183	14 734	13 577
Prepayments Accrued Income	38 731	31 780	44 611	35 086	35 230
Proceeds From Government Grants Classified As Financing Activities			118 145	34 498
Proceeds From Loans Advances To Group Undertakings Classified As Financing Activities	-62 313	414 434	-647 274	3 060 906
Proceeds From Repayment Loans Advances To Group Undertakings Classified As Financing Activities				3 060 906
Proceeds From Sales Property Plant Equipment			907 359
Production Average Number Employees	8	8	7	5	5
Profit Loss	-1 180 222	-1 038 531	-881 903	2 714 026	-376 871
Profit Loss On Ordinary Activities Before Tax	-1 180 222	-1 038 531	-881 903	2 714 026	-376 871
Property Plant Equipment Gross Cost	1 877 628	1 911 918	684 469	684 802	684 802
Purchase Property Plant Equipment	17 552	34 290		333
Raw Materials	2 256 332	2 001 640	997 800	961 963	714 900
Revenue From Sale Goods	3 176 068	2 718 119	1 947 846	2 172 783	2 510 076
Social Security Costs	87 004	80 791	46 469	45 136	44 720
Staff Costs Employee Benefits Expense	392 186	275 102	447 137	522 205	506 747
Tax Decrease From Tax Losses For Which No Deferred Tax Asset Was Recognised	-220 459	-196 950
Tax Decrease Increase From Effect Tax Incentives	-4 024
Tax Expense Credit Applicable Tax Rate	-224 242	-197 321	-167 553	563 249	-71 605
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	-241	371
Tax Increase Decrease From Other Short-term Timing Differences				-563 249	71 605
Total Assets Less Current Liabilities	1 750 716	3 896 116	3 014 213	5 728 239	5 351 368
Trade Creditors Trade Payables	111 056	95 746	149 825	180 084	138 982
Trade Debtors Trade Receivables	775 117	510 798	482 270	501 653	497 093
Turnover Revenue	3 176 068	2 718 119	1 947 846	2 172 783	2 510 076
Wages Salaries	269 119	172 319	384 485	462 335	448 450
Company Contributions To Money Purchase Plans Directors	14 428	4 430
Director Remuneration	62 204	38 607		54 325	51 399
Director Remuneration Benefits Excluding Payments To Third Parties	76 632	43 037
Number Directors Accruing Benefits Under Money Purchase Scheme	2	1

Company staff

Mohsin V.

Role: Director

Appointed: 09 June 2021

Latest update: 23 March 2024

John W.

Role: Secretary

Appointed: 18 November 2005

Latest update: 23 March 2024

Account next due date	31 December 2024
Account last made up date	31 March 2023
Confirmation statement next due date	02 December 2023
Confirmation statement last made up date	18 November 2022

Annual Accounts
Start Date For Period Covered By Report	2019-04-01
End Date For Period Covered By Report	31 March 2020
Annual Accounts
Start Date For Period Covered By Report	2020-04-01
End Date For Period Covered By Report	31 March 2021
Annual Accounts
Start Date For Period Covered By Report	2021-04-01
End Date For Period Covered By Report	31 March 2022
Annual Accounts
Start Date For Period Covered By Report	2022-04-01
End Date For Period Covered By Report	31 March 2023

Setco Automotive (UK) Limited

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

Mohsin V.

John W.

Udit S.

Matthew K.

Jatinder G.

John S.

Terence L.

Paul W.

Stephen H.

Accounts Documents

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