Vaculug Limited in Grantham, NG31 8HE

Description

Data updated on: 01-11-2023

Vaculug is a business situated at NG31 8HE Grantham at Gonerby Road. This business was established in 1950 and is registered under the registration number 00488961. This business has been present on the English market for seventy four years now and the status at the time is active. This firm has a history in business name changes. In the past, this company had four different names. Up to 2020 this company was run as Vaculug Technologies and up to that point the official company name was Vacu-lug. The company's Standard Industrial Classification Code is 22110 - Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres. 2022-12-30 is the last time account status updates were reported.

Regarding this specific business, just about all of director's duties have so far been performed by Harjeev K. who was appointed on 2018-07-31. Alison C. had been performing the duties for the following business up to the moment of the resignation in 2018. In addition a different director, specifically John L. quit in 2018.

Previous company's names
Vaculug Limited 2020-04-08
Vaculug Technologies Limited 2020-04-08
Vacu-lug Limited 2020-04-08
Vaculug Europe Limited 2019-05-14
Vacu-lug Traction Tyres Limited 1950-12-01

Financial data based on annual reports

Profit & Loss
Date of Accounts	2019-12-31	2020-12-30	2021-12-30	2022-12-30
Currency

Balance Sheet
Cash Bank On Hand	1 513 041	4 176 622	5 677 474	957 548
Current Assets	18 671 051	20 728 810	23 618 016	23 736 992
Debtors	13 489 218	14 566 478	14 629 377	17 383 682
Net Assets Liabilities	9 692 599	9 924 125	11 337 652	11 594 595
Other Debtors	2 866 119	4 547 894	170 243	205 726
Property Plant Equipment	1 801 427	2 676 748	5 078 472	7 717 430
Total Inventories	3 668 792	1 985 710	3 311 165

Other Financial Data
Audit Fees Expenses	19 000	17 500	15 000	21 170
Accrued Liabilities Deferred Income	4 094 924	4 151 023	5 067 884	4 954 036
Accumulated Depreciation Impairment Property Plant Equipment	11 383 587	11 313 216	10 964 060	10 560 298
Additions Other Than Through Business Combinations Property Plant Equipment			3 486 753	3 830 513
Administrative Expenses	6 456 623	6 437 403	7 701 803	8 618 596
Amounts Owed By Group Undertakings	2 931 569	2 886 569	2 886 569	2 886 569
Amounts Owed To Group Undertakings	45	40	40	40
Average Number Employees During Period	129	129	139	158
Bank Borrowings		500 000	447 917	322 917
Bank Borrowings Overdrafts		447 917	322 917	197 917
Cash Cash Equivalents Cash Flow Value	1 513 041	4 176 622	5 677 474	957 548
Cash Flows From Disposal Or Reduction In Control Over Subsidiaries Or Other Businesses		-4
Comprehensive Income Expense	251 582	231 526	552 077	256 943
Cost Sales	13 650 715	15 291 781	14 386 806	19 085 450
Creditors	11 885 883	447 917	3 906 138	3 414 417
Current Tax For Period		-216 230	-78 294	-278 605
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences		36 005
Depreciation Expense Property Plant Equipment	547 837	576 265	931 948
Depreciation Impairment Expense Property Plant Equipment		576 266	931 948	1 191 555
Finance Lease Liabilities Present Value Total	74 544	30 616	18 765	132 812
Finance Lease Payments Owing Minimum Gross		30 616	18 765	178 597
Finished Goods Goods For Resale		1 313 297	2 363 361	4 187 034
Fixed Assets	2 101 431	2 976 748	5 378 472	8 017 430
Further Item Cash Flow From Used In Financing Activities Component Net Cash Flows From Used In Financing Activities		-500 000	52 083	125 000
Further Item Tax Increase Decrease Component Adjusting Items		36 005	-41 066	-278 605
Future Minimum Lease Payments Under Non-cancellable Operating Leases	192 500	192 500	449 167	256 667
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss	28 904	-65 589	23 882	-29 058
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables	3 188 497	2 096 303	-2 144 529	-2 486 692
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables	-2 188 594	-1 118 960	62 898	2 754 305
Gain Loss In Cash Flows From Change In Inventories		-1 683 082	1 325 455	2 084 597
Gain Loss On Disposals Property Plant Equipment			89 134
Gain Loss On Remeasurement Defined Benefit Plans Before Tax In Other Comprehensive Income			127 000	-504 000
Government Grant Income		583 614	520 818
Gross Profit Loss	6 704 366	6 066 284	7 475 905
Income Taxes Paid Refund Classified As Operating Activities		216 230	78 294	278 605
Increase From Depreciation Charge For Year Property Plant Equipment		576 265	931 948	1 191 555
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings		53 033	43 517
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts	8 933	4 593	1 137
Interest Income On Assets Defined Benefit Plan		24 000	17 000	25 000
Interest Income On Bank Deposits		96	288
Interest Income On Financial Assets That Are Not Fair Value Through Profit Or Loss		96	288
Interest Payable Similar Charges Finance Costs	67 858	57 626	50 563	156 565
Interest Received Classified As Investing Activities		-96	-288
Investment Property	300 000	300 000	300 000	300 000
Investment Property Fair Value Model	300 000	300 000	300 000
Issue Equity Instruments			861 450
Loans From Other Related Parties Other Than Directors		1 642 413	3 583 221	3 083 688
Net Cash Flows From Used In Operating Activities	-1 746 568	-4 134 995	-2 006 779	424 712
Net Cash Generated From Operations	-1 814 426	-3 976 391	-1 979 047	546 752
Net Current Assets Liabilities	6 785 168	6 869 299	9 195 323	6 800 587
Net Finance Income Costs		24 096	17 288	25 000
Net Interest Paid Received Classified As Operating Activities		-57 626	-50 562	-156 565
Operating Profit Loss	299 440	352 831	507 058
Other Creditors	4 281 869	447 917	6 333 251	3 696 784
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment			1 281 105	1 595 317
Other Disposals Property Plant Equipment			1 434 185	1 595 317
Other Interest Expense			5 909
Other Interest Receivable Similar Income Finance Income		96	17 288	25 000
Other Operating Income Format1	53 738	698 371	683 067	149 296
Other Remaining Borrowings		1 642 413	3 583 221	3 083 688
Other Taxation Social Security Payable	442 832	879 285	529 450	243 538
Payments Finance Lease Liabilities Classified As Financing Activities	-84 210	-43 928	-11 851	159 832
Pension Other Post-employment Benefit Costs Other Pension Costs	210 168	114 625	65 156	137 121
Prepayments Accrued Income		4 432 767	2 944 702	3 553 964
Proceeds From Issuing Shares			-861 450
Proceeds From Sales Property Plant Equipment			-242 214
Profit Loss	251 582	231 526	552 077	760 943
Profit Loss On Ordinary Activities Before Tax	251 582	51 301	473 783	482 338
Property Plant Equipment Gross Cost	13 185 014	13 989 964	16 042 532	18 277 728
Purchase Property Plant Equipment	-277 371	-1 451 586	-3 486 753	-3 830 513
Raw Materials Consumables		426 726	321 365
Repayments Borrowings Classified As Financing Activities		1 642 413	1 940 808	-499 533
Retirement Benefit Obligations Surplus	-806 000	-562 000	-706 000	-227 000
Social Security Costs	360 622	364 650	384 871
Staff Costs Employee Benefits Expense	4 054 007	4 342 679	4 938 462	5 012 793
Taxation Including Deferred Taxation Balance Sheet Subtotal		36 005	36 005	36 005
Tax Expense Credit Applicable Tax Rate	47 801	9 747	65 889	91 644
Tax Increase Decrease From Effect Capital Allowances Depreciation	5 145	-9 747	-134 220	-491 036
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	-1 034		3 952	102 686
Tax Increase Decrease From Effect Unrelieved Tax Losses Carried Forward			107 053	296 706
Tax Tax Credit On Profit Or Loss On Ordinary Activities		-180 225	-78 294	-278 605
Total Assets Less Current Liabilities	8 886 599	9 846 047	14 573 795	14 818 017
Total Borrowings		2 142 413	4 031 138	3 406 605
Total Operating Lease Payments	368 940	170 042	124 656
Trade Creditors Trade Payables	2 991 669	3 194 599	2 149 700	7 871 222
Trade Debtors Trade Receivables	7 691 530	7 128 715	8 627 863	10 737 423
Turnover Revenue	20 355 081	21 358 065	21 862 711
Wages Salaries	3 483 217	3 863 404	4 488 435	4 434 924
Work In Progress	226 419	245 687	626 439
Director Remuneration	194 534
Number Directors Accruing Benefits Under Money Purchase Scheme	1
Accumulated Amortisation Impairment Intangible Assets	1 033 514
Additional Provisions Increase From New Provisions Recognised		36 005
Amounts Owed By Associates		3 300
Applicable Tax Rate	19	19
Assumed Rate Increase Pensions In Payment Deferred Pensions	2	2
Cash Receipts From Government Grants		-583 614
Cumulative Gain Loss On Remeasurement Defined Benefit Plan Recognised In Other Comprehensive Income	8 000	268 000
Debt Securities Held In Defined Benefit Plan Fair Value	7 507 000	7 327 000
Decrease In Assets Defined Benefit Plan From Benefits Paid	-461 000	-517 000
Decrease Increase In Liabilities Defined Benefit Plan From Remeasurement	-43 000	-234 000
Depreciation Amortisation Expense	547 837	576 266
Discount Rate Used Defined Benefit Plan	3	3
Disposals Decrease In Depreciation Impairment Property Plant Equipment		646 636
Disposals Property Plant Equipment		646 636
Distribution Costs	2 041	-25 579
Fair Value Assets Defined Benefit Plan	7 801 000	7 476 000
Finished Goods	3 152 797	1 313 297
Further Item Proceeds From Sales Other Long-term Assets Classified As Investing Activities Component Corresponding Total		-4
Gain Loss On Disposals Other Non-current Assets	-8 000	-268 000
Increase Decrease In Assets Defined Benefit Plan From Remeasurement	-254 000	-34 000
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation	1 412 987	2 663 581
Increase Decrease In Stocks Inventories Finished Goods Work In Progress	-337 746	-1 683 082
Increase In Assets Defined Benefit Plan From Contributions By Employer	-1 000
Increase In Liabilities Defined Benefit Plan From Interest Expense	252 000	202 000
Intangible Assets Gross Cost	1 033 514
Interest Expense On Bank Overdrafts	58 925	53 033
Interest Paid Classified As Operating Activities	-58 925	-53 033
Investments Fixed Assets	4
Investments In Group Undertakings	4	-62 855
Liabilities Defined Benefit Plan Present Value	6 995 000	6 914 000
Net Assets Liabilities Subsidiaries	-2
Net Cash Flows From Used In Financing Activities	56 210	19 928
Net Cash Flows From Used In Investing Activities	277 371	1 451 486
Net Interest Received Paid Classified As Investing Activities		-96
Number Shares Issued Fully Paid		17 162
Other Deferred Tax Expense Credit		36 005
Other Finance Income	28 000	24 000
Par Value Share		0
Profit Loss Subsidiaries	-50 000
Property Held In Defined Benefit Plan Fair Value	148 000	149 000
Provisions		36 005
Provisions For Liabilities Balance Sheet Subtotal		36 005
Raw Materials	289 576	426 726
Return On Assets Benefit Plan	26 000	192 000
Tax Decrease From Utilisation Tax Losses	51 912
Total Additions Including From Business Combinations Property Plant Equipment		1 451 586