Specialist Coatings Limited in Darlington, DL3 0PP

Description

Data updated on: 01-11-2023

This Specialist Coatings Limited firm has been offering its services for at least thirty one years, having started in 1993. Started with Registered No. 02792107, Specialist Coatings is categorised as a Private Limited Company located in Faverdale, Darlington DL3 0PP. This enterprise's SIC code is 82990 - Other business support service activities not elsewhere classified. Specialist Coatings Ltd filed its latest accounts for the period that ended on 2022-03-31. The business most recent annual confirmation statement was filed on 2023-02-19.

From the data we have, the company was created thirty one years ago and has so far been steered by three directors, out of whom two (Allan M. and Allan M.) are still participating in the company's duties.

Executives who have control over this firm are as follows: Allan M. has substantial control or influence over the company. Mark M. has substantial control or influence over the company. Stephen M. has substantial control or influence over the company.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2015-03-31	2016-03-31	2017-03-31	2018-03-31	2019-03-31	2020-03-31	2021-03-31	2022-03-31	2023-03-31
Currency

Balance Sheet
Cash Bank On Hand	77 359	524 133	74 364	4 693	43 518	35 830	344 652	67 155	230 575
Current Assets			2 177 405	3 121 812	3 228 769	4 407 425	3 913 307	4 033 213	4 061 759
Debtors	107 162	88 076	2 054 458	3 073 376	3 138 016	4 324 360	3 521 420	3 918 823	3 781 588
Net Assets Liabilities			4 148 542	4 262 834	3 917 909	5 134 146	5 687 234	5 982 329	6 066 053
Other Debtors		126 583	93 770	587 405	155 517	283 957	236 515	319 283	559 205
Property Plant Equipment	3 387 276	7 425 571	7 813 533	8 085 422	6 791 756	6 542 165	6 246 737	5 995 262	6 156 911
Total Inventories	35 301	61 579	48 583	43 743	47 235	47 235	47 235	47 235

Other Financial Data
Audit Fees Expenses	11 000	6 200	15 458	15 000	15 000	15 000
Accrued Liabilities Deferred Income	182 617	128 014	134 840	158 834	194 421	194 734	229 981	218 108	150 655
Accumulated Depreciation Impairment Property Plant Equipment	1 023 392	1 256 094	1 716 142	2 085 551	2 080 910	2 427 301	2 737 970	3 036 296	3 324 767
Additions Other Than Through Business Combinations Property Plant Equipment		2 355 461	960 502	663 969	133 442	96 800	23 279	46 852	492 280
Administrative Expenses	2 216 162	1 832 738	2 311 858	2 670 193	2 799 480	2 901 692	2 581 245	2 748 271	2 475 101
Amounts Owed By Group Undertakings			375 565	758 804	614 617	1 260 038	1 426 771	1 609 705	1 237 779
Amounts Owed To Group Undertakings	1 181 236	2 989 478	4 127 244	3 938 317	3 594 832	3 019 037	1 787 369	2 460 547	2 615 526
Amounts Owed To Parent Entities	850 000	850 000
Average Number Employees During Period					100	105	98	84	88
Bank Borrowings	241 781	103 167					898 884
Bank Borrowings Overdrafts	103 167	104 668	92 916	424 014	399	360 261	898 884		181
Bank Overdrafts	138 564	1 501	92 916	424 014	399	360 261			181
Carrying Amount Under Cost Model Revalued Assets Property Plant Equipment	77 050	65 492	53 936	1 025 273	830 625	706 032
Comprehensive Income Expense	1 044 346	3 229 935	587 618	752 292	302 075	1 863 237	1 200 088	942 094	730 725
Corporation Tax Payable				29 210	115 711	166 472	37 184	17 303	101 798
Corporation Tax Recoverable									62 107
Cost Sales	3 393 483	2 806 255	3 228 102	3 571 086	3 964 593	4 467 787	3 324 484	3 635 686	3 873 246
Creditors		459 761	373 525	958 485	769 577	581 243	285 141	273 036	261 459
Current Tax For Period				29 210	115 711	166 472	122 753	47 903	122 988
Deferred Income	437 879	406 947	368 693	360 058	337 456	317 947	300 522	286 046	273 130
Deferred Tax Expense Credit From Unrecognised Timing Difference From Prior Period	51 793	-1 808	56 850	32 114	-22 704	-9 681	-21 450	-15 911	58 140
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences	51 793	-1 808	56 850	32 115	-22 704	-9 681	-21 450	-15 911	58 140
Depreciation Expense Property Plant Equipment		312 471	479 504	331 113	245 014	124 594	36 797	298 326
Dividends Paid		584 300	636 050	638 000	647 000	647 000	647 000	647 000	647 000
Dividends Paid Classified As Financing Activities	-200 000	-584 300
Dividends Paid On Shares Interim				638 000	647 000	647 000	647 000	647 000	647 000
Finance Lease Liabilities Present Value Total	126 160	52 814	4 832	621 029	451 630	280 721
Finance Lease Payments Owing Minimum Gross	205 894	142 228	52 814	795 260	621 029	450 120
Finished Goods Goods For Resale	35 301	61 579	48 583	43 743	47 235	47 235
Further Item Interest Expense Component Total Interest Expense							1 600		353
Further Item Operating Expense Loss Income Statement Item Component Operating Profit Loss				111 239	-2 132
Further Item Tax Increase Decrease Component Adjusting Items	-38			21 135
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss							-1 443	-1 344	-1 774
Gain Loss On Disposals Property Plant Equipment	-8 728		-25 949	-9 679			-816
Gain Loss On Revaluation Property Plant Equipment Before Tax In Other Comprehensive Income		1 987 727			-1 035 514
Government Grant Income		30 932	40 654	56 234	22 602	19 509	17 425	14 475
Gross Profit Loss		2 995 270	2 917 329	2 869 286	3 979 940	4 625 223	3 429 304	3 525 489
Increase Decrease In Current Tax From Adjustment For Prior Periods		-115 237
Increase From Depreciation Charge For Year Property Plant Equipment		331 977	493 589	431 163	391 594	346 391	316 641	298 326	304 972
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts	6 052	19 274	7 045	15 975	26 035	17 125	9 024
Interest Payable Similar Charges Finance Costs	134 626	98 977	7 058	15 975	26 035	17 125	10 624		353
Loans From Directors		113 649
Net Current Assets Liabilities			-3 106 357	-2 646 880	-1 909 751	-641 938	-110 974	407 579	376 218
Number Shares Issued Fully Paid				6
Operating Profit Loss		1 193 464	646 987	822 188	1 447 731	2 025 047	1 308 985	967 951
Other Creditors		317 565	169 143	168 524	189 275	173 769	57 485	31 117	31 117
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment			33 541	61 757			5 972		16 501
Other Disposals Property Plant Equipment			112 490	96 670			8 038		42 160
Other Interest Expense	128 574	79 703
Other Interest Income				7 404	8 900	12 106
Other Interest Receivable Similar Income Finance Income	2 197	3 591	4 539	7 404	8 900	12 106	3 030	6 136	10 422
Other Operating Income Format1	45 969	30 932	41 516	734 334	265 139	301 516	460 926	190 732	117 826
Other Taxation Social Security Payable		243 805	231 118	258 622	354 244	303 216	434 219	216 459	207 501
Par Value Share				1
Pension Other Post-employment Benefit Costs Other Pension Costs		3 149	4 827	8 903	22 964	38 624	35 610	36 589	35 772
Prepayments Accrued Income		313 231	18 411	13 601	20 928	19 772	20 046	20 007	7 667
Profit Loss	1 044 346	1 215 123	587 618	752 292	1 337 589	1 863 237	1 200 088	942 094	730 725
Profit Loss On Ordinary Activities Before Tax	1 096 139	1 098 078	644 468	813 617	1 430 596	2 020 028	1 301 391	974 086	911 853
Property Plant Equipment Gross Cost	4 410 667	8 681 664	9 529 675	10 170 973	8 872 666	8 969 466	8 984 707	9 031 558	9 481 678
Provisions For Liabilities Balance Sheet Subtotal			185 109	217 223	194 519	184 838
Raw Materials Consumables						47 235	47 235	47 235
Revaluations Increase Decrease In Depreciation Impairment Property Plant Equipment		-99 276			-396 235
Social Security Costs		155 786	165 987	200 755	219 203	238 921	180 701	191 759
Staff Costs Employee Benefits Expense		2 107 999	2 323 017	2 594 755	2 936 724	3 108 615	2 490 725	2 512 796	2 591 498
Taxation Including Deferred Taxation Balance Sheet Subtotal	130 067	128 259	185 109	217 223	194 519	184 838	163 388	147 477	205 617
Tax Decrease From Utilisation Tax Losses			18 629	20 443
Tax Decrease Increase From Effect Revenue Exempt From Taxation	17 885	718	8 131	10 684	4 699	3 506	2 783	1 816	1 538
Tax Expense Credit Applicable Tax Rate						383 805	247 264	185 077	173 252
Tax Increase Decrease Arising From Group Relief Tax Reconciliation		26 848	-908	-127 541	-21 267	-21 260	-10 513
Tax Increase Decrease From Effect Adjustment In Research Development Tax Credit				-9 691	-176 437	-222 493	-152 649	-178 937
Tax Increase Decrease From Effect Capital Allowances Depreciation	-264 527	-329 331	-107 210	17 619	45 919	29 926	41 434	43 580	-48 726
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	63 222	68 318	5 984	3 023	382
Tax Increase Decrease From Effect Unrelieved Tax Losses Carried Forward		20 735
Tax Tax Credit On Profit Or Loss On Ordinary Activities	51 793	-117 045	56 850	61 325	93 007	156 791	101 303	31 992	181 128
Total Assets Less Current Liabilities			4 707 176	5 438 542	4 882 005	5 900 227	6 135 763	6 402 841	6 533 129
Total Borrowings			92 916	424 014	399	360 261	898 884		181
Total Increase Decrease From Revaluations Property Plant Equipment		1 915 536			-1 431 749
Trade Creditors Trade Payables	542 632	876 262	432 920	594 338	500 730	645 050	563 778	669 090	567 092
Trade Debtors Trade Receivables	1 589 632	1 574 400	1 566 712	1 713 566	2 346 954	2 760 593	1 838 088	1 969 828	1 914 830
Transfers To From Non-current Assets Or Disposal Groups Held For Sale Property Plant Equipment				-74 000
Transfers To From Retained Earnings Increase Decrease In Equity				-38 311	-29 458	-9 306	-9 306	-9 306	-9 306
Turnover Revenue	6 792 244	5 801 525	6 145 431	6 440 372	7 944 533	9 093 010	6 753 788	7 161 175
Wages Salaries		1 949 064	2 152 203	2 385 097	2 694 557	2 831 070	2 274 414	2 284 448	2 351 971
Director Remuneration					34 050	35 250	36 481	35 250	35 250

Company staff

Allan M.

Role: Director

Appointed: 16 January 2007

Latest update: 10 March 2024

Allan M.

Role: Director

Appointed: 22 February 1993

Latest update: 10 March 2024

Irene M.

Role: Director

Appointed: 22 February 1993

Resigned: 21 September 2023

Latest update: 10 March 2024

Irene M.

Role: Secretary

Appointed: 22 February 1993

Resigned: 21 September 2023

Latest update: 10 March 2024

Semken Limited

Role: Corporate Nominee Secretary

Appointed: 19 February 1993

Resigned: 22 February 1993

Address: St Nicholas Close, Elstree Borehamwood, Hertfordshire, WD6 3EW

Latest update: 10 March 2024

Lufmer Limited

Role: Corporate Nominee Director

Appointed: 19 February 1993

Resigned: 22 February 1993

Address: St Nicholas Close, Elstree Borehamwood, Hertfordshire, WD6 3EW

Latest update: 10 March 2024