Usp Steels Limited in Dudley, DY6 8XF

Description

Data updated on: 01-11-2023

Usp Steels Limited with Companies House Reg No. 10437761 has been competing in the field for 8 years. The Private Limited Company is located at Gibbons Industrial Park Dudley Road, Kingswinford in Dudley and company's postal code is DY6 8XF. This company is recognized as Usp Steels Limited. However, this company also was listed as United Sheet And Plate Steels up till it was replaced 5 years ago. The enterprise's declared SIC number is 82990 and has the NACE code: Other business support service activities not elsewhere classified. 2022/12/31 is the last time when account status updates were reported.

According to the data we have, this business was created 8 years ago and has been presided over by five directors, and out of them four (Douglas H., Jack L., Ryan B. and Glyn C.) are still active.

Previous company's names
Usp Steels Limited 2019-01-16
United Sheet And Plate Steels Limited 2016-10-20

Financial data based on annual reports

Profit & Loss
Date of Accounts	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31
Currency

Balance Sheet
Cash Bank On Hand	214 677	508 268	513 884	107 551	90 974
Current Assets	14 776 472	12 896 508	21 430 822	48 969 575	59 486 300
Debtors	8 779 532	6 953 583	12 832 412	24 871 331	31 696 359
Net Assets Liabilities	1 207 144	1 167 208	2 799 522	11 883 940	11 927 605
Other Debtors	100	614 436	598 529	132 657	398 728
Property Plant Equipment	37 937	29 133	257 294	934 549	1 299 434
Total Inventories	5 782 263	5 434 657	8 084 526	23 990 693	27 698 967

Other Financial Data
Amount Specific Advance Or Credit Directors		40 000
Amount Specific Advance Or Credit Made In Period Directors		40 100
Amount Specific Advance Or Credit Repaid In Period Directors		100	40 000
Company Contributions To Money Purchase Plans Directors			5 667	72 471
Director Remuneration	80 000	80 000	124 167	507 869	585 564
Dividend Recommended By Directors			215 000	7 450 000	4 300 000
Number Directors Accruing Benefits Under Money Purchase Scheme			1	1
Accrued Liabilities	108 008	24 302	44 498	1 192 151	736 912
Accumulated Amortisation Impairment Intangible Assets					4 206
Accumulated Depreciation Impairment Property Plant Equipment	2 529	12 833	28 481	91 076	220 565
Additional Provisions Increase From New Provisions Recognised		3 000		95 000	-20 000
Additional Provisions Increase From New Provisions Recognised In Profit Or Loss			39 500
Administrative Expenses	872 586	544 404	807 618	2 315 517	2 025 431
Amortisation Expense Intangible Assets					4 206
Amounts Owed By Group Undertakings	1 386 712	250 000	250 000		90 387
Amounts Owed To Group Undertakings	5 444			6 142
Applicable Tax Rate		19	19	19	19
Average Number Employees During Period	22	25	25	32	40
Bank Borrowings Overdrafts	3 359 145	3 664 174	9 352 040	13 404 753	20 786 739
Bank Overdrafts	3 359 145	3 664 174	9 352 040	13 404 753	20 786 739
Cash Cash Equivalents Cash Flow Value	-3 144 468	-3 155 906	-8 838 156
Cash Receipts From Government Grants			1
Comprehensive Income Expense	486 855	-39 936	1 847 314
Corporation Tax Payable	135 000	-23 000	400 000	2 325 000	-285 000
Cost Sales	26 248 530	27 424 546	32 863 200	72 743 470	107 605 233
Creditors	13 604 765	11 752 933	18 843 594	22 349	22 349
Current Tax For Period	135 000	-23 000	400 000	3 750 000	385 000
Deferred Tax Liabilities	2 500	5 500	45 000	140 000	120 000
Depreciation Amortisation Expense	2 529	10 304	15 647
Depreciation Expense Property Plant Equipment	2 529	10 304	15 648	70 184	177 579
Disposals Decrease In Depreciation Impairment Property Plant Equipment				7 589	48 090
Disposals Property Plant Equipment				182 125	349 884
Dividend Per Share Interim			215 000	74 500	43 000
Dividends Paid			215 000	7 450 000	4 300 000
Dividends Paid Classified As Financing Activities			-215 000
Dividends Paid On Shares Interim			215 000	7 450 000	4 300 000
Finance Lease Liabilities Present Value Total				22 349	22 349
Fixed Assets			257 294	950 078	1 310 757
Further Operating Expense Item Component Total Operating Expenses	10 000	10 000	10 000	2 880	8 950
Future Minimum Lease Payments Under Non-cancellable Operating Leases		30 046	30 046
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables	3 876 350	-1 993 417	979 795
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables	-2 377 740	729 237	-5 918 829
Gain Loss On Disposals Property Plant Equipment				3 464	17 125
Gross Profit Loss	1 549 818	568 498	3 143 756	22 996 908	7 278 138
Income From Related Parties	1 138 849
Income Taxes Paid Refund Classified As Operating Activities	-178 652	-132 321	22 787
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation	-866 814	-11 438	-5 682 250
Increase Decrease In Current Tax From Adjustment For Prior Periods		-2 679	213	-1 076
Increase Decrease In Stocks Inventories Finished Goods Work In Progress	2 581 417	-347 606	2 649 869
Increase From Amortisation Charge For Year Intangible Assets					4 206
Increase From Depreciation Charge For Year Property Plant Equipment		10 304	15 648	70 184	177 579
Intangible Assets				15 529	11 323
Intangible Assets Gross Cost				15 529
Interest Expense On Bank Overdrafts	85 029	105 606	133 454	310 146	544 042
Interest Paid Classified As Operating Activities	-85 029	-105 606	-133 454
Interest Payable Similar Charges Finance Costs	85 029	105 606	133 454	310 146	544 042
Loans Owed To Related Parties	-1 320 846
Merchandise	5 782 263	5 434 657	8 084 526	23 990 693	27 698 967
Net Cash Flows From Used In Financing Activities	190 425	40 000	175 000
Net Cash Flows From Used In Investing Activities	9 662	-1 148 665	228 809
Net Cash Flows From Used In Operating Activities	666 727	1 120 103	5 278 441
Net Cash Generated From Operations	403 046	882 176	5 167 774
Net Current Assets Liabilities	1 171 707	1 143 575	2 587 228	11 096 211	10 759 197
Net Interest Received Paid Classified As Investing Activities	-30 804	-18 897	-15 000
Number Shares Issued Fully Paid		100	100	100	100
Operating Profit Loss	677 232	24 094	2 405 481	20 688 488	5 252 707
Other Creditors	3 108	11 865	148 540	13 350	113 061
Other Deferred Tax Expense Credit	2 500	3 000	39 500	95 000	-20 000
Other Interest Receivable Similar Income Finance Income	30 804	18 897	15 000
Other Operating Income Format1			69 343	7 097
Other Taxation Social Security Payable	24 849	14 010	21 241	28 935	168 694
Par Value Share		1	1	1	1
Payments To Related Parties	36 000
Pension Other Post-employment Benefit Costs Other Pension Costs	6 197	5 736	10 620	79 430	17 382
Prepayments	3 640	60 258	72 337	168 740	87 228
Proceeds From Borrowings Classified As Financing Activities	190 425
Proceeds From Sales Other Long-term Assets Classified As Investing Activities		-250 000
Profit Loss	486 855	-39 936	1 847 314	16 534 418	4 343 665
Profit Loss On Ordinary Activities Before Tax	623 007	-62 615	2 287 027	20 378 342	4 708 665
Property Plant Equipment Gross Cost	40 466	41 966	285 775	1 025 625	1 519 999
Provisions	2 500	5 500	45 000	140 000	120 000
Provisions For Liabilities Balance Sheet Subtotal	2 500	5 500	45 000	140 000	120 000
Purchase Other Long-term Assets Classified As Investing Activities		-1 381 268
Purchase Property Plant Equipment	-40 466	-1 500	-243 809
Social Security Costs	47 330	55 632	68 128	221 596	188 899
Staff Costs Employee Benefits Expense	685 951	598 443	807 768	2 229 905	1 881 783
Tax Decrease From Utilisation Tax Losses				33 727	462 640
Tax Expense Credit Applicable Tax Rate		-11 897	434 535	3 871 885	894 646
Tax Increase Decrease From Effect Capital Allowances Depreciation		1 673	-38 439	-112 582	-165 900
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss		-12 442	2 828	19 341	116 161
Tax Increase Decrease From Other Short-term Timing Differences				95 000	-20 000
Tax Tax Credit On Profit Or Loss On Ordinary Activities	136 152	-22 679	439 713	3 843 924	365 000
Total Additions Including From Business Combinations Intangible Assets				15 529
Total Additions Including From Business Combinations Property Plant Equipment		1 500	243 809	921 975	844 258
Total Assets Less Current Liabilities	1 209 644	1 172 708	2 844 522	12 046 289	12 069 954
Total Borrowings			9 352 040	13 427 102	20 809 088
Total Current Tax Expense Credit	133 652	-25 679	400 213	3 748 924	385 000
Total Operating Lease Payments	40 549	39 331	36 487	39 732	132 090
Trade Creditors Trade Payables	9 472 680	7 299 584	6 650 907	18 994 709	25 277 220
Trade Debtors Trade Receivables	7 389 080	5 988 889	11 911 546	24 569 934	26 120 016
Turnover Revenue	27 798 348	27 993 044	36 006 956	95 740 378	114 883 371
Wages Salaries	632 424	537 075	729 020	1 928 879	1 675 502

Company staff

Douglas H.

Role: Director

Appointed: 02 August 2022

Latest update: 25 December 2023

Jack L.

Role: Director

Appointed: 02 August 2022

Latest update: 25 December 2023

Ryan B.

Role: Director

Appointed: 20 April 2021

Latest update: 25 December 2023

Glyn C.

Role: Director

Appointed: 20 October 2016

Latest update: 25 December 2023

People with significant control

The companies that control this firm are: Usps Group Limited owns over 3/4 of company shares and has 3/4 to full of voting rights. This business can be reached in Kingswinford at Dudley Road, DY6 8XF, West Midlands and was registered as a PSC under the registration number 11580124.

Usps Group Limited

Address: Unit 89 Gibbons Industrial Park Dudley Road, Kingswinford, West Midlands, DY6 8XF, England

Legal authority English

Legal form Ltd

Country registered England And Wales

Place registered England & Wales

Registration number 11580124

Notified on 31 January 2019

Nature of control:

over 3/4 of shares

3/4 to full of voting rights

right to manage directors

Glynn C.

Notified on 20 October 2016

Ceased on 31 January 2019

Nature of control:

over 3/4 of shares

United Steels Limited

Address: Gibbons Industrial Park Dudley Road, Kingswinford, DY6 8XF, England

Legal authority Companies Act 2006

Legal form Limited Company

Country registered England

Place registered Companies House

Registration number 02517863

Notified on 20 October 2016

Ceased on 31 January 2019

Nature of control:

over 3/4 of shares

Accounts Documents

Account next due date	30 September 2024
Account last made up date	31 December 2022
Confirmation statement next due date	02 November 2024
Confirmation statement last made up date	19 October 2023

Annual Accounts
Start Date For Period Covered By Report	01 January 2019
End Date For Period Covered By Report	31 December 2019
Annual Accounts
Start Date For Period Covered By Report	01 January 2020
End Date For Period Covered By Report	31 December 2020
Annual Accounts
Start Date For Period Covered By Report	01 January 2021
End Date For Period Covered By Report	31 December 2021
Annual Accounts
Start Date For Period Covered By Report	01 January 2022
End Date For Period Covered By Report	31 December 2022

Usp Steels Limited

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

Douglas H.

Jack L.

Ryan B.

Glyn C.

Kim T.

People with significant control

Usps Group Limited

Glynn C.

United Steels Limited

Accounts Documents

Company filings

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