Tritech Precision Products Limited in Wrexham, LL13 9PS

Description

Data updated on: 01-11-2023

Tritech Precision Products Limited has been prospering on the British market for at least fourty two years. Started with registration number 01677427 in 1982, it have office at Bridge Road North, Wrexham LL13 9PS. This enterprise's SIC code is 24530 which means Casting of light metals. Tritech Precision Products Ltd filed its latest accounts for the financial period up to Friday 31st March 2023. The company's latest annual confirmation statement was released on Monday 5th December 2022.

There is a number of five directors running this company at the moment, specifically Christopher M., Feroze N., Anosh N. and 2 others listed below who have been doing the directors tasks since 2023/10/02.

The companies with significant control over this firm are as follows: Tritech Group owns over 3/4 of company shares. This business can be reached in Wrexham at Stryt Isa, Hope, LL12 9PS and was registered as a PSC under the reg no 05425846.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2017-03-31	2018-03-31	2019-03-31	2021-03-31	2022-03-31	2023-03-31
Currency

Balance Sheet
Cash Bank On Hand	366 904	262	2	519 410	71 910	52 525
Current Assets	16 594 623	16 122 759	17 818	17 923 519	18 270 689	23 794 232
Debtors	8 515 463	8 121	8 348	8 331 295	8 481 223	11 255 124
Net Assets Liabilities	6 542 288	6 051 740	6 580	6 119 886	5 729 125	6 307 115
Other Debtors			139	253 770	137 701	154 450
Property Plant Equipment	5 733 906	6 483 007	6 500	6 251 580	5 577 085	4 870 569
Total Inventories	7 712 256	7 740 676	9 468	9 072 814	9 717 556

Other Financial Data
Audit Fees Expenses	9 280	9 280		16 000	18 000	22 250
Other Non-audit Services Fees				3 500	5 300	5 500
Accrued Liabilities Deferred Income				518 552	364 680	1 733 082
Accumulated Amortisation Impairment Intangible Assets			200	222 884	195 373	205 603
Accumulated Depreciation Impairment Property Plant Equipment	2 486 858	3 366 427	4 168	6 499 627	7 190 339	8 048 693
Additions Other Than Through Business Combinations Property Plant Equipment					357 630	151 838
Administrative Expenses	5 627 270	5 954 448	5 644	5 594 898	5 362 438	6 096 658
Amortisation Expense Intangible Assets			13	11 264	11 264
Amounts Owed By Group Undertakings	18 941	154 871	1 099	1 421 545	1 602 053	1 551 380
Amounts Owed To Group Undertakings	4 509 976	4 484 384	5 232	4 073 159	7 498 453	8 156 209
Average Number Employees During Period	325	352	354	315	273	284
Balances Amounts Owed To Related Parties					60 000	349 894
Bank Borrowings Overdrafts	5 632 738	636 074	5 151	5 417 392	3 580 625	6 818 274
Bank Overdrafts	5 632 738	5 333	5 151	5 417 392	3 580 625	6 818 274
Carrying Amount Under Cost Model Revalued Assets Property Plant Equipment				3 954 601	2 246 064	1 552 065
Comprehensive Income Expense	701 719	-211	652	-809 591	-390 761	577 990
Cost Sales	19 087 764	21 733 849	21 822	18 174 824	18 226 113	22 222 128
Creditors	1 306 529	2 114	2 321	2 894 592	988 628	372 329
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences				-205 319	98 777	247 972
Depreciation Expense Property Plant Equipment	286 171	309	520	1 213 017	1 017 807
Distribution Costs				460 007	475 772	415 090
Finance Lease Liabilities Present Value Total	1 306 529	1 478 187	2 321	1 609 394	780 305	372 329
Finance Lease Payments Owing Minimum Gross	1 386 854	1 645 051	3 761	2 788 233	1 609 945	827 365
Finished Goods Goods For Resale				2 727 294	2 478 589	3 338 210
Fixed Assets	6 676 081	7 425 182	7 499	7 227 946	6 542 187	5 825 441
Further Item Deferred Expense Credit Component Total Deferred Tax Expense					16 609
Further Item Interest Expense Component Total Interest Expense		294	171	6 800	35 189	18 220
Further Item Tax Increase Decrease Component Adjusting Items					-20 223	-8 437
Future Minimum Lease Payments Under Non-cancellable Operating Leases	498 260	470	458	5 250 616	5 126 348	4 620 381
Gain Loss On Disposals Property Plant Equipment			1		3 999
Government Grant Income				601 046	71 986
Gross Profit Loss	6 332 911	5 828 947	6 237	4 454 472	5 554 188
Income From Related Parties				29 916	215 015	32 461
Increase Decrease In Current Tax From Adjustment For Prior Periods				-78 818	16 609
Increase From Amortisation Charge For Year Intangible Assets			13		11 264	10 230
Increase From Depreciation Charge For Year Property Plant Equipment		879 569	1 020		1 017 807	858 354
Intangible Assets			57	34 191	22 927	12 697
Intangible Assets Gross Cost			257	257 075	218 300
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings				151 348	150 904
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts	125 150	134 698	142	146 125	122 080
Interest Income On Bank Deposits					52
Interest Paid To Group Undertakings				173 484	121 134	264 551
Interest Payable Similar Charges Finance Costs	416 574	571	464	477 757	429 307	610 201
Investments Fixed Assets	942 175	942	942	942 175	942 175	942 175
Investments In Subsidiaries				942 175	942 175	942 175
Net Current Assets Liabilities	1 625 989	1 070	1 849	2 183 774	688 194	1 614 603
Operating Profit Loss	1 257 810	361	1 109	-615 971	153 880
Other Creditors	47 487	45	60	348 111	310 090	492 733
Other Disposals Decrease In Amortisation Impairment Intangible Assets					38 775
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment					327 095
Other Disposals Intangible Assets					38 775
Other Disposals Property Plant Equipment					341 413
Other Interest Receivable Similar Income Finance Income	7 823	69			52
Other Operating Income Format1	552 169	486 000	516	984 462	437 902	270 000
Other Remaining Borrowings			168	750 000	629 089	50 000
Other Taxation Social Security Payable	228 000	228	231	1 103 133	208 323	820 371
Payments To Related Parties				378 972	1 001 479	2 047 317
Pension Other Post-employment Benefit Costs Other Pension Costs	223 941	187 006	229	231 094	237 843	263 119
Percentage Class Share Held In Subsidiary		100	100		100
Prepayments Accrued Income				249 878	501 187	545 441
Profit Loss	701 719	-87 128	652	-809 591	-390 761	577 990
Profit Loss On Ordinary Activities Before Tax	849 059	-210	645	-1 093 728	-275 375	825 962
Property Plant Equipment Gross Cost	8 220 764	9 850	10 668	12 751 207	12 767 424	12 919 262
Raw Materials Consumables				1 061 018	1 464 566
Social Security Costs	863 162	993	859	818 989	811 095
Staff Costs Employee Benefits Expense	9 755 608	10 791	11 149	9 842 733	9 328 070	10 441 115
Taxation Including Deferred Taxation Balance Sheet Subtotal				397 242	512 628	760 600
Tax Expense Credit Applicable Tax Rate	169 812	-40	123	-207 808	-52 321	156 933
Tax Increase Decrease Arising From Group Relief Tax Reconciliation					41 655
Tax Increase Decrease From Effect Different Tax Rates On Some Earnings					123 031	59 513
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	1 985	3	11	2 489	6 635	4 287
Tax Tax Credit On Profit Or Loss On Ordinary Activities	147 340	1	-7	-284 137	115 386	247 972
Total Assets Less Current Liabilities	8 302 070	8 495	9 348	9 411 720	7 230 381	7 440 044
Total Borrowings	8 053 077	8 526 123	8 399	6 167 392	4 209 714	6 868 274
Total Deferred Tax Expense Credit				-205 319	115 386	247 972
Total Operating Lease Payments	476 355	459 623	474	556 400	517 071
Trade Creditors Trade Payables	2 703 688	2 974 932	3 533	2 280 154	2 977 474	3 653 924
Trade Debtors Trade Receivables	8 014 715	7 362	6 394	6 406 102	6 240 282	9 003 853
Transfers To From Retained Earnings Increase Decrease In Equity				-147 556	-108 596	-181 003
Turnover Revenue	25 420 675	27 562 796	28 059	22 629 296	23 780 301
Wages Salaries	8 668 505	9 611 004	10 061	8 792 650	8 279 132	9 211 549
Work In Progress	5 289 640	4 688	5 887	5 284 502	5 774 401
Company Contributions To Defined Benefit Plans Directors				53 387	59 228
Director Remuneration	548 877	680 802	626 124	719 576	740 473	693 260
Director Remuneration Benefits Including Payments To Third Parties				772 963	799 701	1 077 178
Further Item Director Remuneration Benefits Component Total Director Remuneration Benefits Excluding Payments To Third Parties						325 194
Fees For Non-audit Services	14 703	28	20
Company Contributions To Money Purchase Plans Directors	46 592	55 936	54 545
Number Directors Accruing Benefits Under Money Purchase Scheme	5	5	5
Accrued Liabilities	332 080	554 734	543
Additional Provisions Increase From New Provisions Recognised In Profit Or Loss			-7
Applicable Tax Rate	20	19	19
Bank Borrowings		808 308
Corporation Tax Recoverable	110 447	261 459	85
Current Tax For Period	124 180
Deferred Tax Liabilities	462 276	462	438
Disposals Decrease In Depreciation Impairment Property Plant Equipment			31
Disposals Property Plant Equipment			31
Dividends Paid	500 000	403 420
Dividends Paid On Shares Interim	500 000	403
Finished Goods	1 514 323	2 056 884	2 365
Further Operating Expense Item Component Total Operating Expenses		13	3
Future Finance Charges On Finance Leases	80 325	120 592	512
Increase Decrease Due To Transfers Between Classes Property Plant Equipment			-256
Increase Decrease Due To Transfers Into Or Out Intangible Assets			255
Increase Decrease In Property Plant Equipment		1 072 868
Interest Expense On Bank Loans Similar Borrowings	291 424	142	151
Investments In Group Undertakings	942 175	942 175	942
Key Management Personnel Compensation Total	644 300	803 892
Number Shares Issued Fully Paid		38 000	38 000
Other Deferred Tax Expense Credit	23 160	1	-7
Par Value Share		1	1
Prepayments	371 360	343	631
Provisions	453 253	453 467	446
Provisions For Liabilities Balance Sheet Subtotal	453 253	453 767	447
Raw Materials	908 293	996	1 216
Tax Decrease From Utilisation Tax Losses			23
Tax Increase Decrease From Effect Capital Allowances Depreciation			-40
Total Additions Including From Business Combinations Intangible Assets			2
Total Additions Including From Business Combinations Property Plant Equipment		1 628 670	1 105
Transfers Between P P E Classes Increase Decrease In Depreciation Impairment			-188
Transfers Into Or Out Intangible Assets Increase Decrease In Amortisation Impairment			187