United Steels Limited in Kingswinford, DY6 8XF

Description

Data updated on: 01-11-2023

United Steels started conducting its operations in the year 1990 as a Private Limited Company registered with number: 02517863. This particular business has been active for thirty four years and the present status is active. The company's headquarters is registered in Kingswinford at Unit 81 Gibbons Industrial Park. Anyone could also find the company using its zip code : DY6 8XF. It has been already twenty one years from the moment The company's name is United Steels Limited, but up till 2003 the business name was United Steels And Sections and up to that point, up till 1995-12-22 the company was known as Bcd Steels. This means it has used three different names. This firm's declared SIC number is 25990 meaning Manufacture of other fabricated metal products n.e.c.. United Steels Ltd reported its latest accounts for the period up to 2022/12/31. The most recent annual confirmation statement was released on 2023/06/30.

United Steels Ltd is a small-sized vehicle operator with the licence number OD1140993. The firm has one transport operating centre in the country. In their subsidiary in Kingswinford on Gibbons Industrial Park, 4 machines and 2 trailers are available.

The firm owes its well established position on the market and permanent improvement to a team of three directors, specifically Mark U., Marcella C. and Kim T., who have been in the firm for two years. Furthermore, the managing director's efforts are regularly backed by a secretary - Marcella C., who was chosen by this specific firm on 2001-01-01.

Previous company's names
United Steels Limited 2003-09-15
United Steels And Sections Limited 1995-12-22
Bcd Steels Limited 1990-07-03

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	55 636	52 017	270 268	627 624	123 252
Current Assets	9 213 911	8 238 147	9 455 805	16 483 845	11 863 865
Debtors	7 566 756	6 853 221	7 807 285	9 121 591	7 801 579
Net Assets Liabilities	4 094 175	3 588 873	3 693 155	3 496 851	3 564 151
Other Debtors	130 745	135 474	173 119	71 735	18 433
Property Plant Equipment	1 179 170	1 117 744	1 008 299	1 263 932	1 352 674
Total Inventories	1 591 519	1 332 909	1 378 252	6 734 630	3 939 034

Other Financial Data
Director Remuneration	16 895
Dividend Recommended By Directors				1 000 000	1 000 000
Number Directors Accruing Benefits Under Money Purchase Scheme	2	1	1	1
Accrued Liabilities	17 614	63 505	65 630	216 726	238 319
Accumulated Amortisation Impairment Intangible Assets	2 700 262
Accumulated Depreciation Impairment Property Plant Equipment		141 675	299 208	453 565	703 117
Additional Provisions Increase From New Provisions Recognised				276 000	62 000
Additional Provisions Increase From New Provisions Recognised In Profit Or Loss			-199 000
Administrative Expenses	1 737 258	1 755 778	1 644 677	2 283 117	2 872 616
Amounts Owed By Group Undertakings	5 499 961	4 397 143	4 538 722	3 820 487	3 153 957
Amounts Owed To Group Undertakings	1 386 712
Applicable Tax Rate		19	19	19	19
Assumed Rate Increase Pensions In Payment Deferred Pensions	3	3	3	3	3
Average Number Employees During Period	60	60	48	61	62
Bank Borrowings			5 000	9 568	9 928
Bank Borrowings Overdrafts	1 324 190	1 746 539	45 000	36 499	26 545
Bank Overdrafts	1 324 190	1 746 539	2 123 098	4 490 853	3 663 728
Comprehensive Income Expense	-394 375	-505 302	104 282	803 696	1 067 300
Corporation Tax Payable				42 000	80 000
Corporation Tax Recoverable	13 000	13 000	20 350	20 350	20 000
Cost Sales	7 632 436	8 730 177	9 584 926	17 821 573	24 258 451
Creditors	5 831 981	5 216 018	45 000	36 499	26 545
Cumulative Gain Loss On Remeasurement Defined Benefit Plan Recognised In Other Comprehensive Income	30 000				441 000
Current Tax For Period	-100 000		-20 350	42 000	130 060
Debt Securities Held In Defined Benefit Plan Fair Value	93 000	104 000	116 000	562 000	434 000
Decrease In Assets Defined Benefit Plan From Benefits Paid	-115 000	-65 000	-25 000	-53 000	-36 000
Decrease Increase In Liabilities Defined Benefit Plan From Remeasurement	-65 000	-205 000	110 000	193 000	621 000
Deferred Tax Assets			138 000
Deferred Tax Liabilities	61 000	61 000		138 000	200 000
Depreciation Expense Property Plant Equipment		141 675	157 533	167 041	249 552
Discount Rate Used Defined Benefit Plan	3	2	1	2	5
Disposals Decrease In Amortisation Impairment Intangible Assets		2 700 262
Disposals Decrease In Depreciation Impairment Property Plant Equipment				12 684
Disposals Intangible Assets		2 700 262
Disposals Property Plant Equipment		11 464		42 280
Dividend Per Share Interim				11	11
Dividends Paid	1 000 000			1 000 000	1 000 000
Dividends Paid On Shares Interim	1 000 000			1 000 000	1 000 000
Equity Securities Held In Defined Benefit Plan Fair Value	630 000	670 000	758 000	152 000	143 000
Fair Value Assets Defined Benefit Plan	1 045 000	1 152 000	1 308 000	1 097 000	901 000
Fixed Assets	1 179 245	1 117 744
Further Item Gain Loss In Other Comprehensive Income Before Tax Component Total Other Comprehensive Income Before Tax	-30 000	-125 000	205 000	-47 000	441 000
Further Operating Expense Item Component Total Operating Expenses		8 250	8 250	8 650	9 250
Gain Loss On Disposals Other Non-current Assets		249 925
Gain Loss On Disposals Property Plant Equipment		-11 464	6 000	4 404	1 500
Government Grant Income			125 443
Gross Profit Loss	1 470 315	1 194 564	1 324 343	3 515 664	3 992 395
Income From Related Parties	36 000
Income Tax Expense Credit On Components Other Comprehensive Income	2 000		-19 000		81 000
Increase Decrease Due To Transfers Between Classes Property Plant Equipment		-29 952
Increase Decrease In Assets Defined Benefit Plan From Remeasurement	-108 000	80 000	95 000	-240 000	-180 000
Increase From Depreciation Charge For Year Property Plant Equipment		141 675	157 533	167 041	249 552
Increase In Assets Defined Benefit Plan From Contributions By Employer	52 000	54 000	56 000	57 000	73 000
Increase In Liabilities Defined Benefit Plan From Interest Expense	45 000	51 000	41 000	31 000	38 000
Intangible Assets Gross Cost	2 700 262
Interest Expense On Bank Overdrafts	60 336	56 013	44 687	57 851	129 419
Interest Payable Similar Charges Finance Costs	60 336	56 013	44 687	57 851	129 419
Investments Fixed Assets	75
Investments In Group Undertakings	75	-75
Liabilities Defined Benefit Plan Present Value	1 513 000	1 704 000	1 735 000	1 520 000	901 000
Loans Owed To Related Parties	-1 386 712
Merchandise	1 591 519	1 332 909	1 378 252	6 734 630	3 939 034
Net Current Assets Liabilities	3 381 930	3 022 129	3 075 856	2 749 418	2 438 022
Number Shares Issued Fully Paid		89 010	89 010	89 010	89 010
Operating Profit Loss	-205 943	-561 214	-194 891	1 232 547	1 119 779
Other Comprehensive Income Expense Net Tax	-175 000	-125 000	99 000	-47 000	276 000
Other Creditors	17 979	606 538	503 674	30 869	36 318
Other Deferred Tax Expense Credit	61 000		-199 000	276 000	62 000
Other Finance Costs	8 000	13 000	11 000	6 000	7 000
Other Operating Income Format1	61 000		125 443
Other Taxation Social Security Payable	52 512	33 528	136 688	79 666	93 247
Par Value Share		1	1	1	1
Payments To Related Parties	1 138 849
Pension Other Post-employment Benefit Costs Other Pension Costs	50 409	74 598	73 923	54 405	45 774
Prepayments	74 174	96 201	81 262	78 163	58 179
Profit Loss	-219 375	-380 302	5 282	850 696	791 300
Profit Loss On Ordinary Activities Before Tax	-274 279	-380 302	-250 578	1 168 696	983 360
Property Held In Defined Benefit Plan Fair Value	322 000	378 000	434 000	383 000	408 000
Property Plant Equipment Gross Cost	1 179 170	1 259 419	1 307 507	1 717 497	2 055 791
Provisions	61 000	61 000	-138 000	138 000	200 000
Provisions For Liabilities Balance Sheet Subtotal	61 000	61 000		138 000	200 000
Retirement Benefit Obligations Surplus	406 000	490 000	346 000	342 000
Return On Assets Benefit Plan	71 000	118 000	125 000	215 000	149 000
Social Security Costs	170 818	157 243	140 905	189 922	236 694
Staff Costs Employee Benefits Expense	2 006 644	2 032 956	1 915 538	2 337 447	2 539 080
Tax Decrease From Utilisation Tax Losses		-7 628		138 487
Tax Expense Credit Applicable Tax Rate		-72 257	-47 610	222 052	186 838
Tax Increase Decrease From Effect Capital Allowances Depreciation		-18 538	-3 146	-31 892	-59 611
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss		-52 278	-9 142	-9 963	1 812
Tax Increase Decrease From Effect Unrelieved Tax Losses Carried Forward			3 042
Tax Increase Decrease From Other Tax Effects Tax Reconciliation			-4	290	1 021
Tax Tax Credit On Profit Or Loss On Ordinary Activities	-54 904		-255 860	318 000	192 060
Total Additions Including From Business Combinations Property Plant Equipment		91 713	48 088	452 270	338 294
Total Assets Less Current Liabilities	4 561 175	4 139 873	4 084 155	4 013 350	3 790 696
Total Borrowings		1 746 539	2 128 098	4 500 421	3 673 656
Total Current Tax Expense Credit	-115 904		-56 860	42 000
Total Deferred Tax Expense Credit			-199 000	276 000	62 000
Total Operating Lease Payments	239 478	239 364	172 741	248 246	333 573
Trade Creditors Trade Payables	2 784 117	2 611 151	3 147 201	8 340 484	4 952 107
Trade Debtors Trade Receivables	1 848 876	2 211 403	2 855 832	5 130 856	4 551 010
Turnover Revenue	9 102 751	9 924 741	10 909 269	21 337 237	28 250 846
Wages Salaries	1 785 417	1 801 115	1 700 710	2 093 120	2 256 612