Techworx Ltd in Tipton, DY4 9EG

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www.techworx.co.uk

Description

Data updated on: 01-11-2023

05717678 is the registration number assigned to Techworx Ltd. This company was registered as a Private Limited Company on 2006-02-22. This company has existed on the British market for the last 18 years. This enterprise can be reached at Unit 9 Brymill Industrial Estate Brown Lion Street in Tipton. The headquarters' zip code assigned to this address is DY4 9EG. This firm's registered with SIC code 71129 which means Other engineering activities. The business most recent annual accounts were submitted for the period up to 2022-02-28 and the most recent annual confirmation statement was released on 2023-08-01.

Having two recruitment announcements since Mon, 25th Jul 2016, the corporation has been a rather active employer on the job market. On Mon, 19th Sep 2016, it started employing candidates for a Receptionist post in Willenhall, and on Mon, 25th Jul 2016, for the vacant post of a Accounts Manager / PA in Willenhall.

From the data we have, this particular firm was formed 18 years ago and has so far been supervised by two directors. To help the directors in their tasks, this firm has been utilizing the skillset of Stephen H. as a secretary since 2007.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2012-02-29	2013-02-28	2014-02-28	2015-02-28	2016-02-29	2017-02-28	2018-02-28	2019-02-28	2020-02-29	2021-02-28	2022-02-28	2023-02-28
Currency	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP
Net Worth	42 329	123 039	197 808	323 451	407 233

Balance Sheet
Cash Bank On Hand					84 588	66 853	107 759	41 193	87 502	108 758	114 322	9 572
Current Assets	105 120	149 685	238 657	343 938	372 496	413 114	477 276	374 861	803 564	698 940	804 159	634 410
Debtors	95 214	124 939	202 282	267 739	275 908	308 261	327 517	269 168	633 562	535 182	644 837	570 838
Net Assets Liabilities					407 233	447 059	511 277	523 521	513 717	450 272	519 964	537 455
Other Debtors					56 780	16 919	29 295	20 562	45 859	3 210	95 909	14 425
Property Plant Equipment					449 973	1 129 883	1 124 431	1 053 717	452 670	367 629	327 407	265 980
Cash Bank In Hand	4 791	13 946	24 375	62 199	84 588
Net Assets Liabilities Including Pension Asset Liability	42 329	123 039	197 808	323 451	407 233
Stocks Inventory	5 115	10 800	12 000	14 000	12 000
Tangible Fixed Assets	24 226	359 787	412 832	442 230	449 973
Total Inventories					12 000	38 000	42 000	64 500	82 500	55 000	45 000

Capital & Reserves
Called Up Share Capital	100	100	100	100	100
Profit Loss Account Reserve	42 229	70 189	150 233	281 151	344 208
Shareholder Funds	42 329	123 039	197 808	323 451	407 233

Other Financial Data
Accumulated Depreciation Impairment Property Plant Equipment					254 233	341 099	432 734	536 386	538 998	632 935	643 356	736 589
Amounts Owed By Related Parties											241 702	365 469
Average Number Employees During Period						15	13	13	15	9	11	11
Bank Borrowings Overdrafts						459 665	465 000	376 422		70 831	20 833	20 833
Creditors					115 010	626 664	597 479	503 604	223 442	246 158	143 920	116 222
Current Tax For Period											48 463	42 167
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences											-13 518	-12 695
Finance Lease Payments Owing Minimum Gross											53 625	4 125
Increase Decrease In Current Tax Due To Changes In Accounting Policies Errors											-48
Increase From Depreciation Charge For Year Property Plant Equipment						86 866	91 635	103 652	90 047	93 937	86 801	93 233
Net Current Assets Liabilities	18 103	-19 248	10 393	67 804	72 270	-16 779	19 694	1 497	286 971	288 824	372 982	411 507
Other Creditors					4 510	132 662	129 922	127 182	124 442	121 702	118 962	116 222
Other Taxation Social Security Payable					73 164	60 678	83 985	72 505	15 131	56 642	96 336	61 570
Property Plant Equipment Gross Cost					704 206	1 470 982	1 557 165	1 590 103	991 668	1 000 564	970 763	1 002 569
Provisions For Liabilities Balance Sheet Subtotal						39 381	35 369	28 089	53 887	50 023	36 505	23 810
Tax Tax Credit On Profit Or Loss On Ordinary Activities											34 897	29 472
Total Assets Less Current Liabilities	42 329	340 539	423 225	510 034	522 243	1 113 104	1 144 125	1 055 214	791 046	746 453	700 389	677 487
Total Current Tax Expense Credit											48 415	42 167
Total Increase Decrease From Revaluations Property Plant Equipment							47 100				52 236	31 806
Trade Creditors Trade Payables					133 105	188 581	189 803	175 422	234 202	228 652	216 390	122 528
Trade Debtors Trade Receivables					219 128	291 342	298 222	248 606	362 010	350 270	307 226	190 944
Additional Provisions Increase From New Provisions Recognised In Profit Or Loss							-4 012	-7 280	25 798	-3 864
Bank Borrowings						459 665	465 000	430 314
Creditors Due After One Year		217 500	225 417	186 583	115 010
Creditors Due Within One Year	87 017	168 933	228 264	276 134	300 226
Dividends Paid						78 230
Finance Lease Liabilities Present Value Total					115 010	34 337	2 557	2 557	99 000	49 500	49 500
Number Shares Allotted		100	100	100	100
Number Shares Issued Fully Paid						100	100	100	100	100
Par Value Share		1	1	1	1	1	1	1	1	1
Profit Loss						118 056
Provisions						39 381	35 369	28 089	53 887	50 023	36 505
Revaluation Reserve		52 750	47 475	42 200	62 925
Secured Debts				270 917	204 457
Share Capital Allotted Called Up Paid	100	100	100	100	100
Tangible Fixed Assets Additions		295 364	97 597	99 445	60 942
Tangible Fixed Assets Cost Or Valuation	78 993	427 107	524 704	624 149	704 206
Tangible Fixed Assets Depreciation	54 767	67 320	111 872	181 919	254 233
Tangible Fixed Assets Depreciation Charged In Period		12 553	44 552	70 047	79 199
Tangible Fixed Assets Depreciation Decrease Increase On Disposals					6 885
Tangible Fixed Assets Disposals					6 885
Tangible Fixed Assets Increase Decrease From Revaluations		52 750			26 000
Total Additions Including From Business Combinations Property Plant Equipment						766 776	39 083	32 938	189 203	8 896	13 963
Total Borrowings					204 457	574 699	499 337	432 871	148 500
Additional Provisions Increase From New Provisions Recognised											-13 518
Amounts Owed By Group Undertakings									225 693	181 702	241 702
Disposals Decrease In Depreciation Impairment Property Plant Equipment									34 782		76 380
Disposals Investment Property Fair Value Model											90 000
Disposals Property Plant Equipment									734 296		96 000
Fixed Assets								1 053 717	504 075	457 629	327 407
Increase Decrease Due To Transfers Between Classes Property Plant Equipment									-53 342
Investment Property									51 405	90 000
Investment Property Fair Value Model									51 405	90 000
Revaluations Increase Decrease In Depreciation Impairment Property Plant Equipment									-50 716
Transfers Between P P E Classes Increase Decrease In Depreciation Impairment									-1 937