Sumac Precision Engineering Limited in Weymouth, DT4 9TJ

Description

Data updated on: 01-11-2023

1995 signifies the founding of Sumac Precision Engineering Limited, a company that is situated at 26 Cambridge Road, Granby Industrial Estate, Weymouth. This means it's been 29 years Sumac Precision Engineering has prospered in this business, as it was started on 1995/09/18. The company's Companies House Reg No. is 03103369 and the post code is DT4 9TJ. This business's SIC and NACE codes are 71129 which stands for Other engineering activities. The firm's most recent accounts were submitted for the period up to Fri, 30th Sep 2022 and the most current annual confirmation statement was released on Mon, 18th Sep 2023.

Considering this company's magnitude, it was necessary to choose additional directors, among others: Denise C., Michael R., John S. who have been aiding each other since 2014 to promote the success of the firm. To find professional help with legal documentation, this specific firm has been utilizing the expertise of Denise C. as a secretary since 2015.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2019-09-30	2020-09-30
Currency

Balance Sheet
Cash Bank On Hand	843 385	1 642 493
Current Assets	4 078 691	3 804 033
Debtors	1 856 223	1 141 049
Net Assets Liabilities	4 679 056	3 325 800
Other Debtors	266 514	25 140
Property Plant Equipment	2 440 172	963 502
Total Inventories	1 379 083	1 020 491

Other Financial Data
Audit Fees Expenses	6 000	8 000
Accrued Income	100
Accumulated Amortisation Impairment Intangible Assets	250 000	250 000
Accumulated Depreciation Impairment Property Plant Equipment	3 168 315	3 352 389
Additions Other Than Through Business Combinations Property Plant Equipment		138 947
Administration Support Average Number Employees	18	17
Administrative Expenses	2 009 501	1 905 084
Amounts Owed By Group Undertakings		77 990
Amount Specific Bank Loan	173 508	152 408
Applicable Tax Rate	19	19
Average Number Employees During Period	121	114
Balances With Banks	835 145	1 634 130
Bank Borrowings	362 853	262 924
Carrying Amount Property Plant Equipment Pledged As Security For Liabilities	1 303 248
Cash Cash Equivalents	843 385	1 642 493
Cash On Hand	1 086	1 206
Comprehensive Income Expense	482 020	70 002
Corporation Tax Payable	78 364	32 430
Cost Sales	6 247 709	5 009 197
Creditors	453 240	284 564
Current Tax For Period	78 364	32 430
Deferred Tax Assets	1 214	1 214
Deferred Tax Expense Credit From Unrecognised Timing Difference From Prior Period	-22 814
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences	-22 814	-12 787
Deferred Tax Liabilities	103 031	90 244
Depreciation Expense Property Plant Equipment	393 751	311 432
Disposals Decrease In Depreciation Impairment Property Plant Equipment		-127 358
Disposals Property Plant Equipment		-1 431 543
Dividend Per Share Interim	19	135
Dividends Paid	-200 000	-1 423 258
Dividends Paid On Shares Interim	200 000	1 423 258
Finance Lease Liabilities Present Value Total	155 083	68 748
Finished Goods Goods For Resale	467 065	418 746
Fixed Assets	2 440 175	963 504
Further Item Creditors Component Total Creditors	61 400	36 606
Future Minimum Lease Payments Under Non-cancellable Operating Leases	38 550	23 407
Gain Loss On Disposals Property Plant Equipment	-78	7 072
Gain Loss On Non-financing Activities Due To Foreign Exchange Differences Recognised In Profit Or Loss	-218	-233
Government Grant Income		196 258
Gross Profit Loss	2 343 068	1 827 244
Increase Decrease In Current Tax From Adjustment For Prior Periods	-250 115
Increase Decrease In Existing Provisions		-12 787
Increase From Depreciation Charge For Year Property Plant Equipment		311 432
Intangible Assets	2	2
Intangible Assets Gross Cost	250 002	250 002
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings	20 998	15 863
Interest Expense On Financial Liabilities Fair Value Through Profit Or Loss	4 163	3 281
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts	27 232	15 396
Interest Income On Bank Deposits	1 406	1 267
Interest Payable Similar Charges Finance Costs	52 393	34 540
Investments Fixed Assets	1
Investments In Subsidiaries	1	-1
Minimum Operating Lease Payments Recognised As Expense	19 550	26 755
Net Current Assets Liabilities	2 793 938	2 735 890
Operating Profit Loss	338 442	122 918
Other Creditors	100 360	79 052
Other Departments Average Number Employees	5	5
Other Employee Expense	2 418	430
Other Interest Receivable Similar Income Finance Income	1 406	1 267
Other Operating Income Format1	4 875	200 758
Other Payables Accrued Expenses	184 684	220 183
Other Remaining Borrowings	40 394	24 674
Ownership Interest In Subsidiary Percent	50
Pension Costs Defined Contribution Plan	64 273	90 082
Prepayments	81 298	104 295
Production Average Number Employees	98	92
Profit Loss	482 020	70 002
Profit Loss On Ordinary Activities Before Tax	287 455	89 645
Property Plant Equipment Gross Cost	5 608 487	4 315 891
Provisions	101 817	89 030
Provisions For Liabilities Balance Sheet Subtotal	101 817	89 030
Raw Materials Consumables	207 707	184 163
Revenue From Sale Goods	8 590 777	6 836 441
Short-term Deposits Classified As Cash Equivalents	7 154	7 157
Social Security Costs	321 550	262 978
Staff Costs Employee Benefits Expense	3 795 528	3 495 527
Taxation Social Security Payable	255 423	224 397
Tax Expense Credit Applicable Tax Rate	54 616	17 033
Tax Increase Decrease From Effect Adjustment In Research Development Tax Credit	-250 115
Tax Increase Decrease From Effect Capital Allowances Depreciation	23 111	-1 216
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	938	2 612
Tax Increase Decrease From Other Short-term Timing Differences	-301	1 214
Tax Tax Credit On Profit Or Loss On Ordinary Activities	-194 565	19 643
Total Assets Less Current Liabilities	5 234 113	3 699 394
Total Borrowings	453 240	284 564
Total Operating Lease Payments	28 529	34 811
Trade Creditors Trade Payables	367 497	306 116
Trade Debtors Trade Receivables	1 508 311	933 624
Turnover Revenue	8 590 777	6 836 441
Unpaid Contributions To Pension Schemes	6 400	12 789
Wages Salaries	3 407 287	3 142 037
Work In Progress	704 311	417 582
Amount Specific Advance Or Credit Directors	-10 326	-16 448
Amount Specific Advance Or Credit Made In Period Directors	68 763	24 422
Amount Specific Advance Or Credit Repaid In Period Directors	-51 547	-30 544
Company Contributions To Money Purchase Plans Directors	2 792	20 843
Director Remuneration	239 462	242 200
Number Directors Accruing Benefits Under Money Purchase Scheme	3	3

Company staff

Denise C.

Role: Secretary

Appointed: 15 June 2015

Latest update: 28 May 2024

Denise C.

Role: Director

Appointed: 09 July 2014

Latest update: 28 May 2024

Michael R.

Role: Director

Appointed: 01 January 2000

Latest update: 28 May 2024