Sms Towage Limited in Hull, HU1 1UD

Description

Data updated on: 01-11-2023

Sms Towage Limited could be found at Francis House, Humber Place The Marina in Hull. The firm post code is HU1 1UD. Sms Towage has been in this business for twenty two years. The firm Companies House Registration Number is 04527156. The enterprise's declared SIC number is 52220 and has the NACE code: Service activities incidental to water transportation. The business latest accounts describe the period up to 2023-03-31 and the most recent annual confirmation statement was submitted on 2023-03-15.

With two job advertisements since Thursday 26th June 2014, the corporation has been active on the job market. On Monday 17th August 2015, it was employing new employees for a full time Deckhand / AB position in Newport, and on Thursday 26th June 2014, for the vacant position of a full time Able Seaman/Deckhand in Immingham.

In order to meet the requirements of the customers, this limited company is continually guided by a unit of four directors who are, to mention just a few, Russell B., Simon C. and Andrew B.. Their successful cooperation has been of great use to the limited company for one year. In order to provide support to the directors, this particular limited company has been utilizing the skills of Christine E. as a secretary for the last 5 years.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2014-03-31	2015-03-31	2019-03-31	2020-03-31	2021-03-31	2022-03-31	2023-03-31
Currency
Net Worth	14 832 211	14 612 300

Balance Sheet
Cash Bank On Hand			2 675 849	1 083 243	525 785	3 010 020	1 877 267
Current Assets	3 656 138	4 227 999	5 237 361	3 697 100	3 947 017	6 774 441	7 576 201
Debtors	1 426 471	1 977 984	2 377 174	2 412 618	3 207 792	3 261 452	5 167 940
Net Assets Liabilities			19 895 331	21 084 627	21 020 904	25 298 280	28 546 596
Other Debtors	39 345	449 757	382 307	324 140	512 746	825 760	1 665 678
Property Plant Equipment			31 071 182	38 380 504	39 071 075	43 140 170	51 294 623
Total Inventories			184 338	201 239	213 440	502 969	530 994
Cash Bank In Hand	1 734 450	1 870 065
Net Assets Liabilities Including Pension Asset Liability	14 832 211	14 612 300
Stocks Inventory	495 217	379 950
Tangible Fixed Assets	20 606 897	18 618 264
Trade Debtors	1 216 749	1 216 160

Capital & Reserves
Called Up Share Capital	500 000	500 000
Profit Loss Account Reserve	5 738 794	6 334 290
Shareholder Funds	14 832 211	14 612 300

Other Financial Data
Audit Fees Expenses	8 200	6 000	9 000	9 000	9 000	9 000	9 000
Fees For Non-audit Services	1 845	1 845	945	2 412	2 372	1 190	400
Accrued Liabilities Deferred Income			180 363	160 388	140 566	147 078	176 751
Accumulated Depreciation Impairment Property Plant Equipment			292 277	336 361	306 500	306 200	379 552
Additions Other Than Through Business Combinations Property Plant Equipment				8 737 544	1 600 420	3 625 784	11 404 776
Administration Support Average Number Employees			22	28	28	33	35
Administrative Expenses	2 934 640		4 900 212	5 440 393	6 269 815	6 508 382	7 640 896
Amount Specific Bank Loan			2 008 000	1 676 000	10 584 715
Applicable Tax Rate			19	19	19	19	19
Average Number Employees During Period			115	136	143	169	172
Bank Borrowings	7 364 214	6 314 239	1 579 070	1 617 420	1 899 494	1 914 000	2 592 000
Bank Borrowings Overdrafts	1 006 285	1 049 975	1 579 069	1 617 420	1 899 495	1 914 000	2 592 000
Bank Overdrafts			5
Capital Commitments						3 748 000	4 357 778
Carrying Amount Property Plant Equipment With Restricted Title			2 150 000	8 700 000	1 501 799
Carrying Amount Under Cost Model Revalued Assets Property Plant Equipment			18 880 022	23 587 232	21 256 594	20 970 878	27 360 949
Comprehensive Income Expense			1 788 013	1 249 296	-3 723	4 337 376	3 308 316
Corporation Tax Payable			243 529	318 759		441 635	159 577
Cost Sales	5 611 333		7 305 382	7 551 804	7 834 860	10 045 012	12 453 930
Creditors			2 859 320	2 941 750	3 554 229	3 216 098	4 218 888
Current Tax For Period			243 529	318 759	-183 246	441 635	159 577
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences			-301 005	-476 962	-46 977
Deferred Tax Liabilities			2 698 485	2 678 053	4 078 220	4 847 960	5 627 567
Depreciation Expense Property Plant Equipment			2 888 121	3 093 284	3 736 450	4 024 008	4 782 923
Dividends Paid			60 000	60 000	60 000	60 000	60 000
Dividends Paid Classified As Financing Activities			60 000	60 000	60 000	60 000	60 000
Dividends Received Classified As Operating Activities						166 500	250 000
Finance Lease Liabilities Present Value Total			465 656	433 438	429 236
Fixed Assets	21 306 897	19 318 264	31 744 909	39 054 231	39 744 802	43 813 897	51 968 350
Further Item Cash Flow From Used In Operating Activities Component Total Net Cash Flows From Used In Operating Activities					744	4 305
Gain Loss On Disposals Property Plant Equipment			-12 526	-4 195	14 479	-1 004	120 533
Gain Loss On Revaluation Property Plant Equipment Before Tax In Other Comprehensive Income			2 452 621	2 457 258	3 680 385	4 492 503	4 911 876
Gross Profit Loss	4 495 747		4 957 321	5 364 428	4 288 814	7 856 030	7 724 522
Income Taxes Paid Refund Classified As Operating Activities			-250 533	-243 529	-135 513		-441 635
Income Tax Expense Credit On Components Other Comprehensive Income			481 231	456 530	1 447 144	769 740	779 607
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation			-847 709	-1 592 601	-557 458	2 484 235	-1 132 753
Increase Decrease In Deferred Tax Liability From Amount Recognised In Other Comprehensive Income			481 231	456 530	1 447 144	769 740	779 607
Increase Decrease In Deferred Tax Liability From Amount Recognised In Profit Or Loss			-301 005	-476 962	-46 977
Increase From Depreciation Charge For Year Property Plant Equipment				3 846 185	3 789 609	4 024 008	4 782 923
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings			285 454	830 116	606 049	530 415	1 118 535
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts					744	4 305
Interest Paid Classified As Operating Activities			285 454	830 116	606 049	530 415	1 118 535
Interest Payable Similar Charges Finance Costs			285 454	830 116	606 793	534 720	1 118 535
Interest Received Classified As Operating Activities			18	641		1 144
Investment Income Net Amounts Written Off Back To Investments						166 500	250 000
Investments Fixed Assets	700 000	700 000	673 727	673 727	673 727	673 727	673 727
Key Management Personnel Compensation Total			250 367	84 547	215 971	222 111	218 638
Net Assets Liabilities Associates				2 247 321	2 608 551	2 803 982	2 718 785
Net Cash Flows From Used In Financing Activities			156 030	-2 809 358	-2 155 580	1 712 804	4 543 500
Net Cash Flows From Used In Investing Activities			-3 684 670	-1 429 187	579 701	-3 601 604	-7 904 967
Net Cash Flows From Used In Operating Activities			2 680 931	2 645 944	1 018 421	4 373 035	2 228 714
Net Cash Generated From Operations			3 216 900	3 718 948	1 760 727	4 740 111	3 538 884
Net Current Assets Liabilities	1 721 270	2 431 525	2 378 041	755 350	392 788	3 558 343	3 357 313
Nominal Value Allotted Share Capital			500 000	500 000	500 000	500 000	500 000
Number Shares Issued Fully Paid				500 000	500 000	500 000	500 000
Operating Profit Loss	1 561 107		57 109	-75 965	-1 874 873	1 424 328	83 626
Other Comprehensive Income Expense Net Tax			1 971 390	2 000 728	2 233 241	3 722 763	4 132 269
Other Creditors			40 657	20 404	35 791	52 963	77 587
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment				16 700	102 415	68 533	218 809
Other Disposals Property Plant Equipment				55 995	903 040	93 717	3 598 085
Other Interest Receivable Similar Income Finance Income			18	641		1 144
Other Investments Other Than Loans			673 727	673 727	673 727	673 727	673 727
Other Operating Income Format1					106 128	76 680
Other Taxation Social Security Payable			19 542	131 281	10 846	7 953	7 034
Par Value Share		1		1	1	1	1
Payments Finance Lease Liabilities Classified As Financing Activities			6 045 415	1 170 288	7 332 115	601 527
Pension Other Post-employment Benefit Costs Other Pension Costs			14 788	17 941	18 544	28 651	38 052
Percentage Class Share Held In Associate				33	33	33	33
Prepayments Accrued Income			108 229	171 187	561 534	135 174	951 023
Proceeds From Borrowings Classified As Financing Activities			7 150 000		16 850 000	22 545 200	6 780 000
Proceeds From Sales Property Plant Equipment			357 156	35 100	815 104	24 180	3 499 809
Profit Loss			-183 377	-751 432	-2 236 964	614 613	-823 953
Profit Loss From Continuing Operations Associates				72 591	361 230	773 931	664 803
Profit Loss On Ordinary Activities Before Tax	1 192 808		-240 853	-909 635	-2 467 187	1 056 248	-664 376
Property Plant Equipment Gross Cost			31 363 459	38 716 865	39 377 575	43 446 370	51 674 175
Purchase Financial Investments Other Than Trading Investments			173 727
Purchase Property Plant Equipment			3 868 099	1 464 287	235 403	3 625 784	11 404 776
Raw Materials Consumables			184 338	201 239	213 440	502 969	530 994
Repayments Borrowings Classified As Financing Activities			888 555	1 579 070	11 613 465	20 170 869	2 176 500
Research Development Average Number Employees			93	108	115	136	137
Revaluations Increase Decrease In Depreciation Impairment Property Plant Equipment				-3 785 401	-3 717 055	-3 955 775	-4 490 762
Revenue From Rendering Services			12 262 703	12 916 232	12 123 674	17 901 042	20 178 452
Social Security Costs	59 053		102 614	84 514	97 302	118 402	135 768
Staff Costs Employee Benefits Expense			1 034 367	4 899 159	5 041 450	5 901 553	7 001 711
Taxation Including Deferred Taxation Balance Sheet Subtotal			2 698 485	2 678 053	4 078 220	4 847 960	5 627 567
Tax Expense Credit Applicable Tax Rate			-45 762	-172 831	-468 766	200 687	-126 231
Tax Increase Decrease From Effect Capital Allowances Depreciation			249 801	242 526	287 348	266 604	343 399
Tax Increase Decrease From Effect Expenses Not Deductible For Tax Purposes Other Than Goodwill Amortisation Impairment			6 430	216 004	-34 888	-25 656	-57 591
Tax Tax Credit On Profit Or Loss On Ordinary Activities			-57 476	-158 203	-230 223	441 635	159 577
Total Assets Less Current Liabilities	23 028 167	21 749 789	34 122 950	39 809 581	40 137 590	47 372 240	55 325 663
Total Current Tax Expense Credit			243 529	318 759	-183 246	441 635	159 577
Total Increase Decrease From Revaluations Property Plant Equipment				-1 328 143	-36 670	536 728	421 114
Total Operating Lease Payments			40 500	42 131	49 750	56 750	53 600
Trade Creditors Trade Payables			330 498	260 060	1 038 296	652 469	1 205 939
Trade Debtors Trade Receivables			1 886 638	1 917 291	2 133 512	2 300 518	2 551 239
Turnover Revenue			12 262 703	12 916 232	12 123 674	17 901 042	20 178 452
Wages Salaries	511 329		916 965	786 493	865 109	1 109 013	1 235 921
Company Contributions To Money Purchase Plans Directors			4 086	2 413	2 680	6 832	8 270
Director Remuneration	140 728	178 587	246 281	82 134	213 291	215 279	210 368
Director Remuneration Benefits Including Payments To Third Parties	144 728	182 587	250 367	84 547	215 971	222 111	218 638
Dividend Recommended By Directors				60 000	60 000	60 000	60 000
Number Directors Accruing Benefits Under Money Purchase Scheme			2	2	3	2	2
Company Contributions To Money Purchase Schemes Directors	4 000	4 000
Accruals Deferred Income Within One Year	171 535	108 607
Adjustment For Prior Periods Leading To An Increase Decrease In Tax Charge	-79
Aggregate Dividends Paid In Financial Year	60 500
Amounts Owed By Group Undertakings Other Participating Interests	79 710	99 103
Cash Flow Outflow From Change In Debt Lease Financing	-1 768 069
Corporation Tax Due Within One Year	238 188	141 324
Creditors Due After One Year	7 403 820	6 328 564
Creditors Due Within One Year	1 934 868	1 796 474
Decrease Increase In Net Debt During Period	-548 666
Depreciation Impairment Reversal Tangible Fixed Assets	1 852 846	2 041 876
Difference Between Accumulated Depreciation Amortisation Capital Allowances	792 136	808 925
Expenses Not Deductible For Tax Purposes	156 942
Gain Loss From Disposal Tangible Fixed Assets	1 519	29 241
Increase Decrease In Net Cash For Period	1 219 403
Increase Decrease In U K Corporation Tax Arising From Adjustment For Prior Periods	-79
Interest Payable Similar Charges	376 026
Leased Assets Included In Tangible Fixed Assets	81 536	38 195
Net Debt Funds	6 697 965	5 533 755
Number Shares Allotted		500 000
Obligations Under Finance Lease Hire Purchase Contracts After One Year	39 606	14 325
Obligations Under Finance Lease Hire Purchase Contracts Within One Year	22 310	25 281
Obligations Under Finance Leases Hire Purchase Contracts Between One To Two Years	39 606	14 325
Other Creditors Due Within One Year	14 290	20 631
Other Interest Receivable Similar Income	6 208
Other Taxation Social Security Within One Year	90 724	8 125
Pension Costs	4 000
Prepayments Accrued Income Current Asset	90 667	212 964
Profit Loss For Period	696 231
Profit Loss On Ordinary Activities Before Finance Charges Interest	1 562 626
Provisions Charged Credited To Profit Loss Account During Period	258 467	16 789
Provisions For Liabilities Charges	792 136	808 925
Revaluation Reserve	8 593 417	7 778 010
Revaluation Surplus In Period Investment Properties	1 003 072
Share Capital Allotted Called Up Paid	500 000	500 000
Staff Costs	574 382
Standard Nominal Tax Rate	23
Stocks Raw Materials Consumables	495 217	379 950
Tangible Fixed Assets Additions		163 904
Tangible Fixed Assets Cost Or Valuation	20 698 784	18 764 971
Tangible Fixed Assets Depreciation	91 887	146 707
Tangible Fixed Assets Depreciation Charged In Period		20 607
Tangible Fixed Assets Depreciation Decrease Increase On Disposals		2 081
Tangible Fixed Assets Depreciation Increase Decrease From Revaluations		-1 997 708
Tangible Fixed Assets Disposals		5 417
Tangible Fixed Assets Increase Decrease From Revaluations		-1 925 703
Taxation Expense Credit	198
Tax On Group Profit On Ordinary Activities Standard U K Tax Rate	274 346
Tax On Profit Or Loss On Ordinary Activities	496 577
Total Dividend Payment	60 500
Total Recognised Gain Loss For Period	1 699 303
Trade Creditors Within One Year	391 536	442 531
Turnover Gross Operating Revenue	10 107 080	9 049 890
U K Current Corporation Tax	238 109
U K Current Corporation Tax On Income For Period	238 188
Undiscounted Provision For Deferred Taxation	792 136	808 925
Utilisation Tax Losses	189 727