S.i.p.(industrial Products)limited in Loughborough, LE12 9NH

Description

Data updated on: 01-11-2023

S.i.p.(industrial Products)limited has existed in this business for at least fifty six years. Registered with number 00942287 in the year 1968, it is based at Gelders Hall Road, Loughborough LE12 9NH. This company's Standard Industrial Classification Code is 46690 and their NACE code stands for Wholesale of other machinery and equipment. Sat, 31st Dec 2022 is the last time when company accounts were filed.

With five job advertisements since Wednesday 6th August 2014, the company has been active on the job market. On Friday 15th September 2017, it was employing new workers for a full time Maintenance/Warehouse Operative position in Shepshed, and on Wednesday 6th August 2014, for the vacant position of a full time Technical Customer Service Advisor in Loughborough. They search for workers for such positions as for example: Storesperson - Service Department - Shepshed, Leicestershire, Storeperson and Finance Manager.

In this particular limited company, the majority of director's assignments have so far been performed by Roger P., Adriana I. and Paul I.. When it comes to these three individuals, Paul I. has administered limited company the longest, having been a part of company's Management Board since January 3, 1995. To find professional help with legal documentation, the limited company has been utilizing the skillset of Paul I. as a secretary since the appointment on September 1, 2005.

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	586 008	3 374 143	2 290 372	349 721
Current Assets	8 743 343	11 721 685	12 807 631	10 767 326
Debtors	3 746 674	6 435 274	6 366 660	5 859 317
Net Assets Liabilities		6 708 886	7 389 262	6 989 877
Other Debtors	52 635	1 749
Property Plant Equipment	2 325 237	93 750	126 041	157 334
Total Inventories	4 410 661	1 912 268	4 150 599	4 558 288

Other Financial Data
Audit Fees Expenses	15 000	15 000	15 000	15 000
Amount Specific Advance Or Credit Directors		209 244	115 808	210 636
Amount Specific Advance Or Credit Made In Period Directors			115 808	210 636
Amount Specific Advance Or Credit Repaid In Period Directors			209 244	115 808
Company Contributions To Money Purchase Plans Directors			80 000	80 000
Director Remuneration			12 000	12 000
Number Directors Accruing Benefits Under Money Purchase Scheme			1	1
Accrued Liabilities Deferred Income	412 937	878 112	1 035 394	884 023
Accumulated Amortisation Impairment Intangible Assets				1 436
Accumulated Depreciation Impairment Property Plant Equipment	601 469	354 903	376 440	403 946
Additional Provisions Increase From New Provisions Recognised			2 624
Additional Provisions Increase From New Provisions Recognised In Profit Or Loss				15 375
Administrative Expenses	3 799 517	3 883 572	3 896 799	4 319 370
Amortisation Expense Intangible Assets				1 436
Amounts Owed By Group Undertakings		2 411 590	2 543 906	1 629 336
Amounts Owed To Group Undertakings	478 712
Applicable Tax Rate	19	19	19	19
Average Number Employees During Period	74	68	67	66
Bank Borrowings		550 000
Bank Borrowings Overdrafts		550 000
Cash Cash Equivalents Cash Flow Value	586 008	3 374 143	2 290 372
Cash Receipts From Government Grants		-328 454	-15 892
Comprehensive Income Expense	431 457	868 034	889 620	-283 577
Corporation Tax Payable	78 430	138 539	65 775
Corporation Tax Recoverable				65 155
Cost Sales	10 173 615	11 070 465	11 123 297	10 218 172
Creditors	5 030 624	5 106 549	5 556 283	3 929 845
Current Tax For Period	103 229	138 539	65 775
Deferred Tax Asset Debtors	4 109	46
Depreciation Amortisation Expense	64 098	19 355	21 537	28 943
Depreciation Expense Property Plant Equipment	64 098	19 477	21 537	27 506
Disposals Decrease In Depreciation Impairment Property Plant Equipment		266 043
Disposals Property Plant Equipment		2 500 000
Dividends Paid	115 044	197 104	209 244	115 808
Dividends Paid Classified As Financing Activities	-115 044	-197 104	-209 244	-115 808
Dividends Paid On Shares Interim	115 044	197 104	209 244	115 808
Dividends Received Classified As Investing Activities			-210 118	-400 000
Fixed Assets		93 750	140 492	170 349
Future Minimum Lease Payments Under Non-cancellable Operating Leases	65 639	261 633	250 894	272 580
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables	-114 048	549 573	787 478	-1 465 836
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables	-203 175	-2 885 704	-273 956	572 498
Gain Loss On Disposal Assets Income Statement Subtotal	2 999	266 043
Gain Loss On Disposals Property Plant Equipment	2 999	266 043
Gross Profit Loss	4 312 399	4 565 522	4 596 757	3 540 783
Income From Shares In Group Undertakings			210 118	400 000
Income Taxes Paid Refund Classified As Operating Activities	-94 613	-78 430	-107 942	-22 532
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation	-385 417	2 788 135	-1 083 771	-1 940 651
Increase Decrease In Current Tax From Adjustment For Prior Periods	-24 799		-35 677	-108 398
Increase Decrease In Stocks Inventories Finished Goods Work In Progress	229 960	-2 498 393	2 238 331	407 689
Increase From Amortisation Charge For Year Intangible Assets				1 436
Increase From Depreciation Charge For Year Property Plant Equipment		19 477	21 537	27 506
Intangible Assets			14 360	12 924
Intangible Assets Gross Cost			14 360
Investments Fixed Assets			91	91
Investments In Group Undertakings			91	91
Merchandise	4 410 661	1 912 268	4 150 599	4 558 288
Net Assets Liabilities Subsidiaries			-224 020	-228 209
Net Cash Flows From Used In Financing Activities	312 148	209 244	115 808	210 636
Net Cash Flows From Used In Investing Activities	5 454	-2 478 285	-143 293	-343 188
Net Cash Flows From Used In Operating Activities	67 815	-519 094	1 111 256	2 073 203
Net Cash Generated From Operations	-26 798	-597 524	1 003 314	2 050 671
Net Current Assets Liabilities	3 712 719	6 615 136	7 251 348	6 837 481
Net Interest Received Paid Classified As Investing Activities		-232	-1 454	-1 987
Number Shares Issued Fully Paid		1	1	1
Operating Profit Loss	512 882	1 010 404	715 850	-778 587
Other Creditors			100
Other Deferred Tax Expense Credit	2 995	4 063	2 624	15 375
Other Interest Receivable Similar Income Finance Income		232	1 454	1 987
Other Operating Income Format1		328 454	15 892
Other Remaining Borrowings				135 329
Par Value Share		1	1	1
Pension Other Post-employment Benefit Costs Other Pension Costs			144 994	150 969
Percentage Class Share Held In Subsidiary			100	100
Prepayments	99 668	45 128	92 589	93 604
Proceeds From Sales Property Plant Equipment	-3 850	-2 500 000
Profit Loss	431 457	868 034	889 620	-283 577
Profit Loss On Ordinary Activities Before Tax	512 882	1 010 636	927 422	-376 600
Profit Loss Subsidiaries			444 067	4 100
Property Plant Equipment Gross Cost	2 926 706	448 653	502 481	561 280
Provisions		-46	2 578	17 953
Provisions For Liabilities Balance Sheet Subtotal			2 578	17 953
Purchase Intangible Assets			-14 360
Purchase Property Plant Equipment	-9 304	-21 947	-53 828	-58 799
Social Security Costs			224 029	260 071
Staff Costs Employee Benefits Expense			2 666 315	2 805 661
Tax Decrease From Utilisation Tax Losses				-156 688
Tax Decrease Increase From Effect Revenue Exempt From Taxation			39 922	76 000
Tax Expense Credit Applicable Tax Rate	97 448	192 021	176 210	-71 554
Tax Increase Decrease From Effect Capital Allowances Depreciation				5 701
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	431	1 089	628	540
Tax Tax Credit On Profit Or Loss On Ordinary Activities	81 425	142 602	37 802	-93 023
Total Additions Including From Business Combinations Intangible Assets			14 360
Total Additions Including From Business Combinations Property Plant Equipment		21 947	53 828	58 799
Total Assets Less Current Liabilities	6 037 956	6 708 886	7 391 840	7 007 830
Total Current Tax Expense Credit	78 430	138 539	35 178	-108 398
Total Operating Lease Payments	89 511	97 436	85 866	74 794
Trade Creditors Trade Payables	3 714 193	2 790 764	4 374 496	2 575 578
Trade Debtors Trade Receivables	3 393 158	3 767 517	3 614 357	3 860 586
Turnover Revenue	14 486 014	15 635 987	15 720 054	13 758 955
Wages Salaries			2 297 292	2 394 621