Flywheel It Services (east Midlands) Limited in Bromsgrove, B60 4AL

Description

Data updated on: 01-11-2023

Flywheel It Services (east Midlands) Limited can be found at Bromsgrove at 35 Greenbox Westonhall Road. You can search for this business using the post code - B60 4AL. Flywheel It Services (east Midlands)'s launching dates back to 1998. This firm is registered under the number 03585182 and its current status is active. Flywheel It Services (east Midlands) Limited was listed three years ago as Teknet Solutions. This business's classified under the NACE and SIC code 62020: Information technology consultancy activities. 2022-03-31 is the last time the accounts were filed.

We have a group of three directors overseeing the firm at the current moment, namely Samiena I., Javid M. and Matthew W. who have been doing the directors assignments since December 2022.

The companies with significant control over this firm are: Kookaburra Technologies Limited owns over 3/4 of company shares and has 3/4 to full of voting rights. This business can be reached in Bromsgrove at Westonhall Road, Stoke Prior, B60 4AL, Worcestershire and was registered as a PSC under the reg no 12279493.

Previous company's names
Flywheel It Services (east Midlands) Limited 2021-12-09
Teknet Solutions Limited 1998-06-22

Financial data based on annual reports

Profit & Loss
Date of Accounts	2013-09-30	2014-09-30	2015-09-30	2016-09-30	2017-09-30	2019-03-31	2020-03-31	2021-03-31	2022-03-31	2023-03-31
Currency	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP
Net Worth	315 208	393 034	459 241	612 508

Balance Sheet
Cash Bank On Hand				601 191	772 460	195 854	76 757	83 532	99 419	60 469
Current Assets	476 188	649 326	762 403	881 993	1 154 231	1 348 795	1 490 831	557 401	696 268	1 166 840
Debtors	220 756	201 858	192 782	278 050	377 114	1 104 411	1 381 477	467 376	595 889	1 105 361
Net Assets Liabilities				612 508	770 244	1 020 937	1 147 542	330 567	450 027	371 117
Other Debtors					27 401	15 011	2 210	12 183		310 596
Property Plant Equipment				26 036	4 573	3 406	1 860	822	4 814	6 628
Total Inventories				2 752	4 657	6 330	32 597	6 493	960	1 010
Cash Bank In Hand	247 853	440 081	569 621	601 191
Net Assets Liabilities Including Pension Asset Liability	315 208	393 034	459 241	612 508
Stocks Inventory	7 579	7 387	0	2 752
Tangible Fixed Assets	34 249	49 294	31 749	26 036

Capital & Reserves
Called Up Share Capital	100	100	100	100
Profit Loss Account Reserve	315 108	392 934	459 141	612 408
Shareholder Funds	315 208	393 034	459 241	612 508

Other Financial Data
Total Fixed Assets Additions		42 154	8 816	5 195
Total Fixed Assets Cost Or Valuation	103 897	117 534	123 952	83 957
Total Fixed Assets Depreciation	54 648	68 240	92 203	57 921
Total Fixed Assets Depreciation Charge In Period		24 740	26 361	10 856
Total Fixed Assets Depreciation Disposals		-11 148	-2 398	-45 138
Total Fixed Assets Disposals		-28 517	-2 398	-45 190
Audit Fees Expenses								6 125	7 900
Accumulated Depreciation Impairment Property Plant Equipment				57 921	47 706	38 932	29 963	31 532	4 808	7 239
Additions Other Than Through Business Combinations Property Plant Equipment						4 630		531	5 691	4 245
Amounts Owed By Related Parties						716 652	1 009 557	315 000	379 047	616 379
Amounts Owed To Related Parties						4 234		78 895	84 464	427 953
Average Number Employees During Period				11	11	10	9	8	8	17
Creditors				295 521	388 560	331 264	345 149	227 656	251 055	802 351
Current Tax For Period									25 946
Deferred Tax Asset Debtors							1 993	3 271	1 621	4 024
Deferred Tax Assets								3 271	1 621	4 024
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences									429	-2 403
Depreciation Rate Used For Property Plant Equipment					33
Disposals Decrease In Depreciation Impairment Property Plant Equipment					19 603	-14 568	-10 513		-28 423
Disposals Property Plant Equipment					31 678	-14 571	-10 515		-28 423
Future Minimum Lease Payments Under Non-cancellable Operating Leases				12 815	8 340	22 151	29 304	11 319	33 324	17 498
Increase Decrease In Current Tax From Adjustment For Prior Periods									-7 370	-205
Increase From Depreciation Charge For Year Property Plant Equipment					9 388	5 794	1 544	1 569	1 699	2 431
Minimum Operating Lease Payments Recognised As Expense						29 146	21 221	18 356	14 832	18 928
Net Current Assets Liabilities	278 422	354 378	435 492	586 472	765 671	1 017 531	1 145 682	329 745	445 213	364 489
Number Shares Issued Fully Paid						100	100	100	100	100
Other Creditors					49 092	4 785	14 948	7 981	1 126	1 962
Other Payables Accrued Expenses						41 605	141 123	40 661	58 673	14 007
Par Value Share							1	1	1	1
Prepayments						17 419	17 190	10 869	16 724	6 071
Property Plant Equipment Gross Cost				83 957	52 279	42 338	31 823	32 354	9 622	13 867
Taxation Social Security Payable					62 631	48 226	58 566	7 776	49 026	140 107
Tax Tax Credit On Profit Or Loss On Ordinary Activities									20 226	-2 608
Total Assets Less Current Liabilities	327 671	403 672	467 241	612 508	770 244
Total Deferred Tax Expense Credit									1 650	-2 403
Trade Creditors Trade Payables					205 395	223 085	104 237	92 343	31 087	187 957
Trade Debtors Trade Receivables					349 713	355 329	352 520	126 053	198 497	168 291
Unpaid Contributions To Pension Schemes						1 606			733	4 624
Advances Credits Directors			249	246
Advances Credits Made In Period Directors				246
Advances Credits Repaid In Period Directors				249
Creditors Due After One Year Total Noncurrent Liabilities	8 000	8 000	8 000	0
Creditors Due Within One Year Total Current Liabilities	197 766	294 948	326 911	295 521
Fixed Assets	49 249	49 294	31 749	26 036
Provisions For Liabilities Charges	4 463	2 638	0
Tangible Fixed Assets Additions		42 154	8 816	5 195
Tangible Fixed Assets Cost Or Valuation	88 897	117 534	123 952	83 957
Tangible Fixed Assets Depreciation	54 648	68 240	92 203	57 921
Tangible Fixed Assets Depreciation Charge For Period		24 740	26 361	10 856
Tangible Fixed Assets Depreciation Disposals		-11 148	-2 398	-45 138
Tangible Fixed Assets Disposals		-13 517	-2 398	-45 190
Total Fixed Asset Investments Cost Or Valuation	15 000	0
Total Fixed Asset Investments Disposals		-15 000
Total Investments Fixed Assets	15 000	0