Torpedo Factory Ltd in London, NW10 6ST

Description

Data updated on: 01-11-2023

Torpedo Factory Ltd 's been in this business for sixty four years. Started with Companies House Reg No. 00650255 in the year 1960, the company have office at The Old Torpedo Factory, London NW10 6ST. This company began under the name Gordon Audio Visual, though for the last twelve years has been on the market under the name Torpedo Factory Ltd. The company's SIC code is 59112 meaning Video production activities. Torpedo Factory Limited reported its latest accounts for the period up to 2022-06-29. The business latest annual confirmation statement was filed on 2023-08-03.

We have a team of four directors running this particular company now, specifically Jeremy K., Jason B., Freddie J. and Nicholas C. who have been utilizing the directors duties since 2024. What is more, the managing director's responsibilities are often backed by a secretary - Nicholas C., who joined the company in 2001.

Previous company's names
Torpedo Factory Ltd 2012-12-31
Gordon Audio Visual Limited 1960-02-23

Financial data based on annual reports

Profit & Loss
Date of Accounts	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2021-06-30	2022-06-29
Currency

Balance Sheet
Current Assets	1 629 682	2 551 203	2 350 809	1 952 194	2 602 239	1 560 420	2 647 669
Property Plant Equipment	428 472	338 084	199 748
Total Inventories	157 707	151 547	145 636	156 672	237 827	64 764	86 230

Other Financial Data
Audit Fees Expenses	9 000	10 417	22 358
Fees For Non-audit Services	6 925	9 620	7 298	2 910	4 440	5 045	5 690
Amount Specific Advance Or Credit Directors	860
Amount Specific Advance Or Credit Made In Period Directors	860
Amount Specific Advance Or Credit Repaid In Period Directors		860
Company Contributions To Money Purchase Plans Directors		155	777	2 035	2 437	3 380	2 608
Number Directors Accruing Benefits Under Money Purchase Scheme		1	3	3	2	2	2
Salaries Fees Directors	228 278	193 067	185 164	215 625	163 857	191 069	158 665
Accrued Liabilities Deferred Income	187 837	342 942	228 387	288 839	253 490	257 539	321 253
Accumulated Amortisation Impairment Intangible Assets	75 169	75 169		75 169	75 169	75 169
Accumulated Depreciation Impairment Property Plant Equipment	989 420	1 243 254	996 463	1 103 606	1 051 140	1 022 923	1 071 853
Administrative Expenses	2 396 416	2 511 548	2 548 389	2 180 539	2 174 098	3 130 542	2 139 854
Amounts Owed By Group Undertakings	437 401	863 306	101 847	245 687	604 642	26 938	4 212
Amounts Owed To Group Undertakings	85 301	15 405	15 189	15 189	15 189	165 191	418 822
Applicable Tax Rate	20	20	19	19	19	19	19
Balances With Banks	191 619	167 140	263 139	249 723	406 286	651 112	1 360 320
Bank Borrowings	602 086	785 209	929 261	558 131	651 977
Bank Borrowings Overdrafts			8 630
Cash Cash Equivalents	192 014	168 546	264 101	249 910	406 473	651 121	1 360 328
Cash Cash Equivalents Cash Flow Value	192 014	168 546	264 101	249 910	406 473	651 121	1 360 328
Cash On Hand	395	1 406	962	187	187	9	8
Comprehensive Income Expense	47 266	101 271	131 246	169 542	448 927	-301 956	-194 464
Cost Inventories Recognised As Expense Gross	1 719 796	1 872 227	2 276 252	1 620 082	2 843 566	1 990 068	2 413 683
Cost Sales	1 851 838	2 042 778	2 836 553	1 908 362	2 843 566	1 990 068	2 413 683
Current Liabilities	1 770 676	2 455 978	1 993 009	1 354 809	1 604 173	779 085	2 135 674
Current Tax Assets			101 382	81 477	16 675
Current Tax For Period	-202		-96 816	-81 474	-16 675
Depreciation Amortisation Expense	129 908	172 892	185 601	133 042	108 488	119 019	58 222
Depreciation Expense Property Plant Equipment	84 199	122 283	159 982	107 856	48 225	68 417	52 596
Disposals Decrease In Depreciation Impairment Property Plant Equipment		192 823	432 392		160 954	147 236	9 292
Disposals Property Plant Equipment		440 853	445 453		171 087	183 431	10 459
Distribution Costs	102 869	99 109	102 947	232 647	233 079	191 468	191 841
Dividends Received Classified As Investing Activities	-220 000
Equity Liabilities	2 808 224	3 543 000	3 204 270	2 714 638	3 447 266	2 278 808	3 531 632
Finance Lease Liabilities Present Value Total	14 998	26 494	28 051
Financial Liabilities	14 998	35 058	28 051	7 077	41 414		90 699
Further Item Operating Expense Loss Income Statement Item Component Operating Profit Loss		267 611
Future Minimum Lease Payments Under Non-cancellable Operating Leases	14 583	267	44 193
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables	175 798	270 642	-260 908	-551 496	217 445	-771 117	956 321
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables	144 880	-459 605	391 502	375 555	-477 211	1 098 271	13 606
Gain Loss In Cash Flows From Change In Inventories	-12 677	27 977	5 911	-11 036	-81 155	173 063	-21 466
Gain Loss On Disposal Assets Income Statement Subtotal	69	777	3 834	4 260	-10 137	-976	-433
Gain Loss On Disposals Property Plant Equipment	69	777	3 834	4 260	-10 137	-976	-433
Gain Loss On Non-financing Activities Due To Foreign Exchange Differences Recognised In Profit Or Loss		2 264					27 183
Gross Profit Loss	2 314 526	2 582 797	2 570 353	2 392 141	2 625 281	1 793 860	1 906 058
Income Taxes Paid Refund Classified As Operating Activities	-93		-4 566
Income Tax Expense Credit	-202	-2 200	-96 816	-81 474	-16 675
Increase Decrease Due To Transfers Into Or Out Property Plant Equipment		496 297
Increase Decrease From Foreign Exchange Differences Intangible Assets		198 492
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation	-190 382	-23 468	95 555	-14 191	156 563	244 648	709 207
Increase From Depreciation Charge For Year Property Plant Equipment		172 892	185 601		108 488	119 019	58 222
Intangible Assets	12 259	12 259	12 259
Intangible Assets Gross Cost	12 259	12 259		12 259	12 259	12 259
Interest Expense On Bank Loans Similar Borrowings		13 008				341
Interest Expense On Bank Overdrafts	962	27 795	46 618	19 404	17 733	11 386	2 500
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts	8 008	3 611	5 444
Interest Expense On Settlement Tax Issues Disputes	78	265
Interest Income On Bank Deposits	584		335
Interest Paid Classified As Operating Activities	-1 040	-28 060	-46 618	-19 404	-17 733	-11 727	-3 627
Interest Payable Similar Charges Finance Costs	9 048	31 671	52 062	22 887	25 872	12 148	4 659
Interest Received Classified As Investing Activities	-631	-36	-335		-20
Investments In Subsidiaries Joint Ventures Associates	583 768
Loans From Directors	2 042	129 081	1 870
Loans To Directors	860		82
Merchandise	157 707	151 547	145 636	156 672	237 827	64 764	86 230
Net Assets Liabilities Subsidiaries	-373 670	-104	-104	-104	-104	-104	-104
Net Cash Flows From Used In Financing Activities	4 995	-146 095	244 997	107 680	54 785	62 604	175
Net Cash Flows From Used In Investing Activities	449 567	149 272	7 249	37 766	80 064	27 679	103 270
Net Cash Flows From Used In Operating Activities	-264 180	20 291	-347 801	-131 255	-291 412	-334 931	-812 652
Net Cash Generated From Operations	-273 321	-11 380	-404 429	-52 760	-235 808	539 120	-752 395
Net Finance Income Costs	-8 417	-31 635	-51 727	-22 887	-25 852	-12 148
Non-current Assets	1 178 542	991 797	853 461	762 444	845 027	718 388	883 963
Non-current Liabilities	86 855	35 058
Number Shares Issued Fully Paid		455 000	455 000		455 000	455 000	455 000
Operating Profit Loss	55 481	130 706	86 157	110 955	458 104	-289 808	-189 805
Other Deferred Tax Expense Credit		-2 200
Other Interest Expense	-47	-36
Other Interest Receivable Similar Income Finance Income	631	36	335
Other Loans Classified Under Trade Other Receivables	28 762	59 731	5 674
Other Operating Income	240 240	426 177	167 140	132 000	240 000	1 238 342	235 832
Other Payables	71 857	154 014	55 746	22 366	17 015	21 648	25 899
Other Receivables	18 567
Other Remaining Borrowings		100 000	67 566
Other Taxation Social Security Payable	89 233	118 881	112 877	36 749	54 307	37 997	54 673
Par Value Share		1	1		1	1	1
Payments Finance Lease Liabilities Classified As Financing Activities	-7 682	-66 426	-46 737
Pension Other Post-employment Benefit Costs Other Pension Costs	7 780	11 575	13 328	15 824	26 259	40 996	30 058
Percentage Class Share Held In Subsidiary		100	100		100	100	100
Prepayments	44 646	352 351	481 976
Proceeds From Borrowings Classified As Financing Activities		-100 000
Proceeds From Sales Property Plant Equipment	-167	-9 732	-16 895	-6 418			-734
Profit Loss	47 266	101 271	131 246	169 542	448 927	-301 956	-194 464
Profit Loss Before Tax	47 064	99 071	34 430	88 068	432 252	-301 956	-194 464
Profit Loss Subsidiaries	36 176	24 500
Property Plant Equipment Gross Cost	1 417 892	1 581 338	1 196 211	1 212 337	1 242 454	1 087 598	1 302 103
Purchase Intangible Assets	-5 000	-5 050
Purchase Property Plant Equipment	-81 597	-52 490	-24 479	-44 184	-80 084	-27 679	-104 004
Repayments Borrowings Classified As Financing Activities		-19 796	-70 967	-76 198
Social Security Costs	146 002	152 056	143 192	124 827	136 719	199 777	158 934
Staff Costs Employee Benefits Expense	1 548 480	1 662 962	1 594 221	1 401 102	1 495 992	2 207 956	1 636 842
Tax Decrease From Utilisation Tax Losses	-252		25 076
Tax Decrease Increase From Effect Revenue Exempt From Taxation	44 000
Tax Expense Credit Applicable Tax Rate	9 413	19 814	6 628	16 733	82 128	-57 372	-36 948
Tax Increase Decrease Arising From Group Relief Tax Reconciliation	21 931		-45
Tax Increase Decrease From Effect Adjustment In Research Development Tax Credit			-96 384
Tax Increase Decrease From Effect Capital Allowances Depreciation	-2 325	-7 883	17 319
Tax Increase Decrease From Effect Expenses Not Deductible For Tax Purposes Other Than Goodwill Amortisation Impairment	3 829	-24 869	1 174
Tax Increase Decrease From Effect Unrelieved Tax Losses Carried Forward	10 900	10 738
Tax Increase Decrease From Other Tax Effects Tax Reconciliation	-202		-432
Total Additions Including From Business Combinations Intangible Assets		2 486
Total Additions Including From Business Combinations Property Plant Equipment		108 002	60 326		201 204	28 575	224 964
Total Assets	2 808 224	3 543 000	3 204 270	2 714 638	3 447 266	2 278 808	3 531 632
Total Borrowings	14 998	1 002 003	1 064 198	578 822	740 688		22 285
Total Liabilities	1 857 531	2 491 036	2 021 060	1 361 886	1 645 587	779 085	2 226 373
Trade Creditors Trade Payables	374 767	549 506	417 735	352 478	376 323	194 932	914 760
Trade Debtors Trade Receivables	768 292	955 722	1 250 111	834 733	863 233	422 583	481 361
Trade Other Payables	1 195 314	1 489 033	956 862	775 987	904 899	779 085	2 113 389
Trade Other Receivables	1 298 528	2 231 110	1 839 690	1 464 135	1 941 264	118 492	498 760
Transfers Into Or Out Property Plant Equipment Increase Decrease In Depreciation Impairment		273 765
Turnover Revenue	4 166 364	4 625 575	5 406 906	4 300 503	5 468 847	3 783 928	4 319 741
Value-added Tax Payable	173 477	179 204	125 058
Wages Salaries	1 394 698	1 499 331	1 437 701	1 260 451	1 333 014	1 967 183	1 447 850
Average Number Employees During Period					38	42	35
Cash Receipts From Government Grants						-869 524	-64 916
Intangible Assets Excluding Right-of-use Assets				19 745	19 745	19 745	19 745
Intangible Assets Including Right-of-use Assets				12 259	12 259	12 259	12 259
Payments Lease Liabilities Classified As Financing Activities				-30 973	-60 180	-55 930	-7 976
Payments Received On Account							370 181
Property Plant Equipment Excluding Right-of-use Assets				72 356	94 080	64 675	114 915
Property Plant Equipment Including Right-of-use Assets				108 731	191 314	64 675	230 250
Property Plant Equipment Right-of-use Assets				36 375	97 234		115 335
Recoverable Value-added Tax							52 097