Wallace Electrical Limited in Glasgow, G2 1AL

Description

Data updated on: 01-11-2023

This company is known under the name of Wallace Electrical Limited. The company was started 26 years ago and was registered with SC188797 as its registration number. This particular headquarters of the firm is registered in Glasgow. You can contact them at 1 George Square. This enterprise's SIC code is 43210 and has the NACE code: Electrical installation. 2022-08-31 is the last time account status updates were filed.

Until now, this specific firm has only been guided by one managing director: Mark W. who has been leading it for 26 years. What is more, the managing director's assignments are often aided with by a secretary - Julie W., who was chosen by this specific firm in 1998.

Executives who control the firm include: Julie W. owns 1/2 or less of company shares and has 1/2 or less of voting rights. Mark W. owns 1/2 or less of company shares and has 1/2 or less of voting rights.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2015-08-31	2016-08-31	2018-08-31	2019-08-31	2020-08-31	2021-08-31	2022-08-31	2023-08-31
Currency
Net Worth	54 265	57 901

Balance Sheet
Cash Bank In Hand	3 828	6
Current Assets	181 179	172 822	214 771	356 595	289 596	257 432	262 251	264 873
Debtors	172 351	167 816	193 604	351 588	257 576	218 657	238 720	259 833
Cash Bank On Hand			16 167	7	27 020	33 775	4 005	40
Net Assets Liabilities			59 784	83 015	59 408	54 734	49 547	33 859
Other Debtors			13 648	13 584	6 862	22 205	32 605	25 491
Property Plant Equipment			59 902	50 732	39 481	22 059	25 117	61 444
Total Inventories			5 000	5 000	5 000	5 000	19 526
Stocks Inventory	5 000	5 000
Tangible Fixed Assets	36 981	44 642

Capital & Reserves
Called Up Share Capital	2	2
Profit Loss Account Reserve	54 263	57 899
Shareholder Funds	54 265	57 901

Other Financial Data
Creditors Due After One Year	8 944	11 666
Creditors Due Within One Year	147 555	139 861
Deferred Tax Liability	7 396	8 036
Net Assets Liability Excluding Pension Asset Liability	54 265	57 901
Net Current Assets Liabilities	33 624	32 961	30 176	54 184	70 595	38 190	36 820	-1 530
Number Shares Allotted		2
Accrued Liabilities Deferred Income			4 865	4 224	4 147	6 051	3 751	3 939
Accumulated Depreciation Impairment Property Plant Equipment			69 158	79 607	87 583	104 804	106 903	88 431
Additions Other Than Through Business Combinations Property Plant Equipment				14 794	9 327	1 875	18 968	54 964
Average Number Employees During Period			13	13	18	16	19	18
Bank Borrowings Overdrafts				10 652	41 667			22 992
Carrying Amount Under Cost Model Revalued Assets Property Plant Equipment					27 245	3 946	16 497	34 658
Corporation Tax Payable			10 887	23 668	8 567	18 933	13 337	1 893
Corporation Tax Recoverable								11
Creditors			20 111	13 277	43 167	219 242	6 111	10 694
Finance Lease Liabilities Present Value Total			13 806	14 333	11 777	1 499	9 444	8 333
Finance Lease Payments Owing Minimum Gross			33 917	27 610		24 375	9 444	19 027
Future Finance Charges On Finance Leases							24 375	13 125
Future Minimum Lease Payments Under Non-cancellable Operating Leases			35 625	35 625	24 375	24 375
Increase From Depreciation Charge For Year Property Plant Equipment				23 964	20 578	19 251	15 910	18 637
Other Creditors			20 111	13 277	1 500	85 000	6 111	10 694
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment				13 515	12 602	2 030	13 811	37 109
Other Disposals Property Plant Equipment				13 515	12 602	2 076	13 811	37 109
Other Taxation Social Security Payable			15 256	27 033	18 408	11 163	10 955	11 209
Prepayments Accrued Income			17 525	8 905	7 936	6 669	41 449	7 850
Property Plant Equipment Gross Cost			129 060	130 339	127 064	126 863	132 020	149 875
Provisions For Liabilities Balance Sheet Subtotal			10 183	8 624	7 501	5 515	6 279	15 361
Total Assets Less Current Liabilities	70 605	77 603	90 078	104 916	110 076	60 249	61 937	59 914
Trade Creditors Trade Payables			69 781	122 501	83 530	96 596	94 055	118 037
Trade Debtors Trade Receivables			162 431	329 099	242 778	189 783	164 666	226 481
Useful Life Property Plant Equipment Years						4
Par Value Share		1
Share Capital Allotted Called Up Paid	2	2
Tangible Fixed Assets Additions		29 744
Tangible Fixed Assets Cost Or Valuation	99 192	112 567
Tangible Fixed Assets Depreciation	62 211	67 925
Tangible Fixed Assets Depreciation Charged In Period		19 986
Tangible Fixed Assets Depreciation Decrease Increase On Disposals		14 272
Tangible Fixed Assets Disposals		16 369

Company staff

Julie W.

Role: Secretary

Appointed: 26 August 1998

Latest update: 10 April 2024

Mark W.

Role: Director

Appointed: 26 August 1998

Latest update: 10 April 2024

People with significant control

Julie W.

Notified on 6 April 2016

Nature of control:

1/2 or less of voting rights

1/2 or less of shares

Mark W.

Notified on 6 April 2016

Nature of control:

1/2 or less of voting rights

1/2 or less of shares

Accounts Documents

Account next due date	31 May 2024
Account last made up date	31 August 2022
Confirmation statement next due date	09 September 2024
Confirmation statement last made up date	26 August 2023

Annual Accounts 26 January 2017
Start Date For Period Covered By Report	2015-09-01
End Date For Period Covered By Report	2016-08-31
Date Approval Accounts	26 January 2017
Annual Accounts
Start Date For Period Covered By Report	2018-09-01
End Date For Period Covered By Report	2019-08-31
Annual Accounts
Start Date For Period Covered By Report	2019-09-01
End Date For Period Covered By Report	2020-08-31
Annual Accounts
Start Date For Period Covered By Report	2020-09-01
End Date For Period Covered By Report	2021-08-31
Annual Accounts
Start Date For Period Covered By Report	2021-09-01
End Date For Period Covered By Report	2022-08-31
Annual Accounts
Start Date For Period Covered By Report	2022-09-01
End Date For Period Covered By Report	2023-08-31

Wallace Electrical Limited

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

Julie W.

Mark W.

People with significant control

Julie W.

Mark W.

Accounts Documents

Company filings

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