Techemet Limited in Tamworth, B77 5DY

Description

Data updated on: 01-11-2023

Techemet began its operations in 2003 as a Private Limited Company registered with number: 05000780. This firm has been functioning for 21 years and it's currently active. This company's headquarters is located in Tamworth at 1 Vanguard. Anyone could also find the company utilizing its postal code of B77 5DY. This company's declared SIC number is 38320 and has the NACE code: Recovery of sorted materials. 31st January 2023 is the last time company accounts were reported.

In order to satisfy their clientele, the business is consistently directed by a team of four directors who are, to name just a few, Bradley M., Mark W. and Alexander P.. Their outstanding services have been of cardinal use to the business since 2015.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2022-01-31	2023-01-31
Currency	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP
Net Worth	2 051 702	2 546 324	716 249	1 086 925	639 514

Balance Sheet
Cash Bank In Hand	2 717 172	2 392 920	1 099 971	840 535	567 358
Cash Bank On Hand					567 358	465 045	2 320 093	1 836 285	3 376 604	5 746 888	2 143 140	6 804 603
Current Assets	3 745 082	3 502 124	1 787 081	2 120 049	1 671 340	2 841 899	5 995 886	7 442 019	12 725 434	20 711 778	79 526 496	40 116 329
Debtors	906 920	858 795	246 800	708 092	641 777	1 303 140	1 441 809	3 665 969	6 801 458	10 289 704	74 715 548	26 752 098
Net Assets Liabilities					639 514	1 068 292	1 854 833	2 466 901	4 628 353	7 638 377	13 926 689	19 925 256
Net Assets Liabilities Including Pension Asset Liability	2 051 702	2 546 324	716 249
Other Debtors					87 618	185 156	621 521	553 752	838 456	793 843	1 247 108	2 671 627
Property Plant Equipment					440 815	386 774	387 367	452 371	410 136	423 541	507 046
Stocks Inventory	120 990	250 409	440 310	571 422	462 205
Tangible Fixed Assets	806 469	622 248	521 557	427 302	440 815
Total Inventories					462 205	1 073 714	2 233 984	1 939 765	2 547 372	4 675 186	2 667 808	6 559 628

Capital & Reserves
Called Up Share Capital	1 040	1 040	640	640	600
Profit Loss Account Reserve	2 050 662	2 545 284	715 209	1 085 885	638 474
Shareholder Funds	2 051 702	2 546 324	716 249	1 086 925	639 514

Other Financial Data
Audit Fees Expenses	10 200	10 300	10 500					10 000	20 000	16 100
Amount Specific Advance Or Credit Directors								3 240	3 149
Amount Specific Advance Or Credit Made In Period Directors								3 240	9 484
Company Contributions To Money Purchase Plans Directors							31 144	12 840	18 432	18 816
Director Remuneration	208 962	196 240	92 634				92 244	120 900	124 456	127 440
Dividend Recommended By Directors								343 614	37 112	109 950
Number Directors Accruing Benefits Under Money Purchase Scheme							1	1	1	1
Amount Specific Advance Or Credit Repaid In Period Directors									12 724	3 149
Accrued Liabilities					751 134	1 035 672	501 942	136 213	85 646	88 807	72 598	185 466
Accumulated Amortisation Impairment Intangible Assets									1 085	1 085	1 085
Accumulated Depreciation Impairment Property Plant Equipment					1 257 964	1 356 644	1 482 526	1 645 523	1 792 272	2 005 434	2 239 981	828 159
Additional Provisions Increase From New Provisions Recognised In Profit Or Loss								13 643		18 610	42 038	-63 314
Additions Other Than Through Business Combinations Investment Property Fair Value Model												1 160 030
Administrative Expenses	1 505 466	1 552 671	1 277 968				1 529 678	2 058 895	2 573 421	2 688 092
Amounts Owed By Associates												1 273 376
Amounts Owed By Group Undertakings										812	799 327	726 667
Applicable Tax Rate							19	19	19	19
Average Number Employees During Period						23	28	34	42	47	52	53
Capital Allowances In Excess Depreciation Leading To Decrease Increase In Tax	-14 740	-34 966	-14 452
Capital Redemption Reserve			400	400	440
Commitments Under Non-cancellable Operating Leases Land Buildings	161 500	146 917	144 000
Comprehensive Income Expense							830 580	955 682	2 198 564	3 119 974	8 139 708	8 009 764
Corporation Tax Due Within One Year	136 580	126 156	44 678
Corporation Tax Payable					3 889	108 975	183 042		162 898	281 194	1 409 303	611 516
Corporation Tax Recoverable						79 254		11 880
Cost Sales	19 412 900	12 738 570	11 759 207				32 774 799	52 180 759	70 815 236	97 193 280
Creditors					1 472 641	2 156 663	4 513 384	5 398 810	8 647 404	15 183 095	67 750 968	24 425 967
Creditors Due After One Year			410 000
Creditors Due Within One Year	2 496 228	1 578 048	1 182 389	1 460 426	1 472 641
Current Tax For Period							183 042	-11 880	162 898	281 194
Debtors Due Within One Year	906 920	858 795	246 800
Decrease Increase In Net Debt During Period	221 292	324 252	1 292 949
Decrease Increase In Net Debt Resulting From Cash Flows	221 292	324 252	1 292 949
Deferred Tax Liability	3 621
Depreciation Amortisation Expense							142 106	215 723	198 579	274 670
Depreciation Expense Property Plant Equipment							142 106	215 723	197 494	274 670
Depreciation Tangible Fixed Assets Expense	217 530	190 905	144 035
Disposals Decrease In Depreciation Impairment Property Plant Equipment						12 979	16 224	52 726	50 745	61 508	104 429	52 906
Disposals Property Plant Equipment						19 455	16 224	52 724	50 745	67 673	109 004	6 178
Dividend Per Share Interim								1 227	619	1 833
Dividends Paid							44 039	343 614	37 112	109 950	1 851 396	2 011 197
Dividends Paid Classified As Financing Activities							-44 039	-343 614	-37 112	-109 950
Dividends Paid On Shares							44 039	343 614	37 112
Dividends Paid On Shares Interim							30 000	90 000	37 112	109 950
Expenses Not Deductible For Tax Purposes	7 111	4 305	2 197
Fixed Assets						386 774	389 537	454 541	581 172	2 159 153	2 242 658	4 291 971
Foreign Exchange Gain Loss Recognised In Profit Loss		-260	-19
Further Item Interest Expense Component Total Interest Expense								3 983		31
Future Minimum Lease Payments Under Non-cancellable Operating Leases					144 000	144 000	144 000	144 000	144 000	144 000	144 000
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss							14 245	-31 007	-169 665	-2 813
Gain Loss From Disposal Fixed Assets			2 117
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables							2 282 654	1 065 228	3 085 696	6 417 395
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables							-217 923	-2 209 040	-3 043 963	-2 043 216
Gain Loss On Disposal Assets Income Statement Subtotal							717	6 173	7 200	14 057
Gain Loss On Disposals Property Plant Equipment							717	6 173	7 200	14 057
Gross Profit Loss	2 699 908	2 268 878	1 661 410				2 421 269	2 832 360	4 925 703	5 987 903
Income From Related Parties							34 544 478	54 437 513	73 192 983	101 414 766
Income Taxes Paid Refund Classified As Operating Activities							73 903	3 196	11 880	-162 898
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation							1 855 048	-483 808	1 540 319	2 370 284
Increase Decrease In Current Tax From Adjustment For Prior Periods							-103 624	-186 238
Increase Decrease In Net Cash For Period	221 292	-324 252	-1 292 949
Increase Decrease In Stocks Inventories Finished Goods Work In Progress							1 160 270	-294 219	607 607	2 127 814
Increase From Depreciation Charge For Year Property Plant Equipment						111 659	142 106	215 723	197 494	274 670	338 976	373 784
Intangible Assets							2 170	2 170	1 085	1 085	1 085	1 085
Intangible Assets Gross Cost							2 170	2 170	2 170	2 170	2 170
Interest Paid Classified As Operating Activities								-3 983		-93
Interest Payable Similar Charges	44 135	17 193	125
Interest Payable Similar Charges Finance Costs								3 983		93
Investment Property												1 160 030
Investment Property Fair Value Model												1 160 030
Investments Fixed Assets									169 951	1 734 527	1 734 527	1 734 527
Investments In Group Undertakings										85	85	85
Investments In Joint Ventures											1 734 442	1 734 442
Land Buildings Operating Leases Expiring After Five Years	144 000	144 000	144 000
Land Buildings Operating Leases Expiring Between Two Five Years	17 500
Land Buildings Operating Leases Expiring Within One Year		2 917
Loans From Directors After One Year			410 000
Loans Owed By Related Parties							408 603	772 330	1 329 844	2 571 742
Merchandise							2 233 984	1 939 765	2 547 372	4 675 186	2 667 808	6 559 628
Net Cash Flows From Used In Financing Activities							44 039	343 614	140 518	1 554 980
Net Cash Flows From Used In Investing Activities							135 603	273 240	308 880	1 807 624
Net Cash Flows From Used In Operating Activities							-2 034 690	-133 046	-1 989 717	-5 732 888
Net Cash Generated From Operations							-1 960 787	-133 833	-1 977 837	-5 895 879
Net Current Assets Liabilities	1 248 854	1 924 076	604 692	659 623	198 699	685 236	1 482 502	2 043 209	4 078 030	5 528 683	11 775 528	15 690 362
Net Debt Funds	2 717 172	2 392 920	1 099 971
Net Increase Decrease In Shareholders Funds	828 824	494 622	-1 830 075
Net Interest Received Paid Classified As Investing Activities							-8 549	-1 314	-9 130	-30 970
Number Shares Allotted		40	40	40	180
Number Shares Issued Fully Paid						180	180	180	180	180	180	180
Operating Profit Loss	1 194 442	716 207	392 530				914 937	773 876	2 352 332	3 388 901
Other Creditors					114 167	515 322	762 631	522 612	1 768 296	2 786 098	3 751 107	2 088 307
Other Creditors Due Within One Year	1 317 979	601 301	346 760
Other Deferred Tax Expense Credit							13 488	13 643		18 610
Other Interest Receivable Similar Income	7 263	3 305	2 251
Other Interest Receivable Similar Income Finance Income							8 549	1 314	9 130	30 970
Other Operating Income			9 088
Other Operating Income Format1							23 346	411	50	89 090
Other Taxation Social Security Payable					32 572	43 167	60 483	51 887	79 627	133 744	43 829	44 836
Other Taxation Social Security Within One Year	57 588	47 971	30 463
Par Value Share		1	1		1	1	1	1	1	1	1	1
Payments Received On Account							1 922 270	3 499 151	5 454 479	9 302 162	61 015 905	19 298 602
Pension Costs	8 915	19 441	28 141
Pension Other Post-employment Benefit Costs Other Pension Costs							64 115	38 071	106 677	123 150
Percentage Class Share Held In Associate											50	50
Percentage Class Share Held In Subsidiary										100	100	100
Prepayments					32 045	41 746	374 515	2 370 160	4 610 009	4 804 022	61 566 126	16 606 411
Proceeds From Sales Property Plant Equipment							-717	-6 171	-7 200	-20 222
Profit Loss							830 580	955 682	2 198 564	3 119 974	8 139 708	7 986 286
Profit Loss For Period	828 824	494 622	286 265
Profit Loss On Ordinary Activities Before Tax	1 157 570	702 319	394 656				923 486	771 207	2 361 462	3 419 778
Property Plant Equipment Gross Cost					1 698 779	1 743 418	1 869 893	2 097 894	2 202 408	2 428 975	2 747 027	1 513 474
Provisions							17 206	30 849	30 849	49 459	91 497	57 077
Provisions Charged Credited To Profit Loss Account During Period		-3 621
Provisions For Liabilities Balance Sheet Subtotal						3 718	17 206	30 849	30 849	49 459	91 497	57 077
Provisions For Liabilities Charges	3 621
Purchase Intangible Assets							-2 170
Purchase Own Shares Decrease Increase In Total Reserves			2 115 940
Purchase Property Plant Equipment							-142 699	-280 725	-155 259	-294 240
Share Capital Allotted Called Up Paid	40	40	40	40	180
Social Security Costs	94 365	97 078	74 138				78 327	98 130	127 675	161 635
Staff Costs	1 011 917	1 029 713	844 500
Staff Costs Employee Benefits Expense							1 091 217	1 369 264	1 675 747	2 008 171
Standard Nominal Tax Rate	26	24	23
Stocks Raw Materials Consumables	120 990	250 409	440 310
Tangible Fixed Assets Additions		2 258	43 344
Tangible Fixed Assets Cost Or Valuation	1 683 812	1 628 221	1 671 565	1 694 698	1 698 779
Tangible Fixed Assets Depreciation	877 343	1 005 973	1 150 008	1 267 396	1 257 964
Tangible Fixed Assets Depreciation Charged In Period		118 190	144 035
Tangible Fixed Assets Depreciation Decrease Increase On Disposals		59 497
Tangible Fixed Assets Disposals		59 497
Taxation Expense Credit	366 064	221 742	189 869
Tax Expense Credit Applicable Tax Rate							177 743	146 529	448 678	649 758
Tax Increase Decrease From Effect Adjustment In Research Development Tax Credit								-136 204	-195 819	-198 369
Tax Increase Decrease From Effect Capital Allowances Depreciation							-3 163	-3 091	4 197	-8 794
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss							8 462	5 674	9 661	1 776
Tax Increase Decrease From Other Short-term Timing Differences							13 488	13 643
Tax Increase Decrease From Other Tax Effects Tax Reconciliation								-24 788	-103 819	-163 177
Tax On Group Profit On Ordinary Activities Standard U K Tax Rate	306 675	172 047	91 742
Tax On Profit Or Loss On Ordinary Activities	328 746	207 697	108 391
Tax Tax Credit On Profit Or Loss On Ordinary Activities							92 906	-184 475	162 898	299 804
Total Additions Including From Business Combinations Intangible Assets							2 170
Total Additions Including From Business Combinations Property Plant Equipment						64 094	142 699	280 725	155 259	294 240	427 056	1 270 450
Total Assets Less Current Liabilities	2 055 323	2 546 324	1 126 249	1 086 925	639 514	1 072 010	1 872 039	2 497 750	4 659 202	7 687 836	14 018 186	19 982 333
Total Current Tax Expense Credit							79 418	-198 118	162 898
Total Reserves		2 545 284	715 609
Total U K Foreign Current Tax After Adjustments Relief	328 526	211 318	108 391
Trade Creditors Trade Payables					404 970	453 527	1 083 016	1 188 947	1 096 458	2 591 090	1 458 226	2 197 240
Trade Creditors Within One Year	770 425	733 406	369 187
Trade Debtors Trade Receivables					522 114	996 984	445 773	726 937	1 349 844	2 602 380	10 090 381	5 474 017
Turnover Gross Operating Revenue	22 112 808	15 007 448	13 420 617
Turnover Revenue							35 196 068	55 013 119	75 740 939	103 181 183
U K Current Corporation Tax	328 526	211 318	108 391
U K Deferred Tax	220	-3 621
V A T Current Asset	112 137	91 582	106 524
Wages Salaries	908 637	913 194	742 221				948 775	1 233 063	1 441 395	1 723 386
Amortisation Expense Intangible Assets									1 085
Cash Cash Equivalents Cash Flow Value								1 836 285	3 376 604
Increase From Amortisation Charge For Year Intangible Assets									1 085
Interest Expense On Bank Overdrafts										62
Investments In Associates										1 734 442	-1 734 442
Percentage Class Share Held In Joint Venture										50
Proceeds From Borrowings Classified As Financing Activities									103 497	1 561 387
Repayments Borrowings Classified As Financing Activities										114 020

Company staff

Bradley M.

Role: Director

Appointed: 10 August 2015

Latest update: 4 June 2024

Mark W.

Role: Director

Appointed: 21 June 2013

Latest update: 4 June 2024

Alexander P.

Role: Director

Appointed: 21 June 2013

Latest update: 4 June 2024

Bryce W.

Role: Director

Appointed: 21 June 2013

Latest update: 4 June 2024

Elizabeth B.

Role: Secretary

Appointed: 21 June 2013

Resigned: 31 May 2023

Latest update: 4 June 2024