Merc Aerospace Limited in Nelson, BB9 8PH

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www.stanworth.co.uk

Description

Data updated on: 01-11-2023

Merc Aerospace is a firm situated at BB9 8PH Nelson at Lower Clough Mill Pendle Street. This enterprise has been operating since 1970 and is registered under the identification number 00991178. This enterprise has been on the UK market for fifty four years now and company state is active. The firm now known as Merc Aerospace Limited, was previously known as Stanworth Engineers. The transformation has occurred in Friday 17th April 2015. The company's declared SIC number is 71129 which stands for Other engineering activities. Merc Aerospace Ltd reported its account information for the period up to 2022-09-30. Its latest annual confirmation statement was released on 2022-12-31.

From the data we have, this specific business was formed in 1970 and has been steered by nine directors, and out of them two (Richard M. and Elizabeth M.) are still a part of the company.

Previous company's names
Merc Aerospace Limited 2015-04-17
Stanworth Engineers Limited 1970-10-07

Financial data based on annual reports

Profit & Loss
Date of Accounts	2021-03-31	2021-09-30	2022-09-30	2023-09-30
Currency

Balance Sheet
Cash Bank On Hand	305 357	404 795	63 458	11 946
Current Assets	1 569 029	1 494 930	1 654 990	2 524 835
Debtors	544 461	330 071	823 649	1 447 800
Net Assets Liabilities	950 662	1 106 759	1 485 917	1 774 977
Other Debtors	22 539		85 865	88 876
Property Plant Equipment	2 270 169	2 063 729	2 092 827	2 146 453
Total Inventories	719 211	760 064	767 883	1 065 089

Other Financial Data
Accrued Liabilities	498 323	26 924	18 943
Accumulated Amortisation Impairment Intangible Assets	9 000	9 750	11 250	12 750
Accumulated Depreciation Impairment Property Plant Equipment	1 189 595	1 396 035	1 816 693	2 332 910
Additions Other Than Through Business Combinations Property Plant Equipment			460 256	578 899
Amounts Owed By Related Parties		-315 341	22 565	31 565
Amounts Owed To Group Undertakings				363 000
Amounts Owed To Related Parties	215 341	315 341
Average Number Employees During Period	45	44	45	51
Bank Borrowings		101 583	82 417
Bank Borrowings Overdrafts			82 417	59 417
Creditors	938 160	833 570	700 447	748 739
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences			101 066	33 344
Disposals Decrease In Depreciation Impairment Property Plant Equipment			-10 500
Disposals Property Plant Equipment			-10 500
Finance Lease Liabilities Present Value Total	938 160	731 987	618 030	689 322
Financial Commitments Other Than Capital Commitments	32 159	22 324	12 489
Finished Goods Goods For Resale		760 064	767 883
Fixed Assets	2 276 169	2 068 979	2 096 577	2 148 703
Future Minimum Lease Payments Under Non-cancellable Operating Leases			12 489	58 172
Increase Decrease In Current Tax From Adjustment For Prior Periods			-42 926	-136 631
Increase From Amortisation Charge For Year Intangible Assets		750	1 500	1 500
Increase From Depreciation Charge For Year Property Plant Equipment		206 440	21 361	523 237
Intangible Assets	6 000	5 250	3 750	2 250
Intangible Assets Gross Cost	15 000	15 000	15 000
Net Current Assets Liabilities	-273 525	41 981	361 484	680 054
Other Creditors	90 893	80 208	77 320	568 231
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment				7 020
Other Disposals Property Plant Equipment				9 056
Other Inventories	719 211	760 064
Other Taxation Social Security Payable			189 839	284 850
Prepayments	90 277	82 574	85 865
Property Plant Equipment Gross Cost	3 459 764	3 459 764	3 909 520	4 479 363
Provisions For Liabilities Balance Sheet Subtotal	113 822	170 631	271 697	305 041
Taxation Social Security Payable	221 391	161 482	189 839
Tax Tax Credit On Profit Or Loss On Ordinary Activities			58 140	-103 287
Total Assets Less Current Liabilities	2 002 644	2 110 960	2 458 061	2 828 757
Total Borrowings	938 160	833 570	700 447
Trade Creditors Trade Payables	397 991	369 479	586 772	605 700
Trade Debtors Trade Receivables	431 645	247 497	715 220	1 327 359
Transfers Between P P E Classes Increase Decrease In Depreciation Impairment			409 797