Washington Mills Electro Minerals Limited in Manchester, M17 1NR

Description

Data updated on: 01-11-2023

Washington Mills Electro Minerals Limited may be found at 64 Mosley Road, Trafford Park in Manchester. The area code is M17 1NR. Washington Mills Electro Minerals has been in this business for the last 45 years. The registration number is 01436144. The firm's classified under the NACE and SIC code 23910 which means Production of abrasive products. Washington Mills Electro Minerals Ltd filed its account information for the period up to 2022-12-31. The most recent annual confirmation statement was filed on 2023-05-01.

Considering the following company's growth, it became necessary to formally appoint more executives, including: Kevin H., Grant R., Anne W. who have been participating in joint efforts since Thursday 12th March 2020 to exercise independent judgement of the limited company. Additionally, the director's efforts are constantly supported by a secretary - Wenjing Z., who was selected by this limited company in 2019.

Financial data based on annual reports

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

Balance Sheet
Cash Bank On Hand	934 678	1 459 585	2 262 459	1 965 221
Current Assets	8 111 999	8 080 193	10 311 317	11 615 357
Debtors	2 587 681	2 879 317	3 104 933	2 366 621
Net Assets Liabilities	5 646 698	6 092 515	8 116 722	11 518 060
Other Debtors	9 243	28 827
Property Plant Equipment	2 520 975	2 446 892	2 491 992	2 446 723
Total Inventories	4 589 640	3 741 291	4 943 925	7 283 515

Other Financial Data
Audit Fees Expenses	13 950	13 000	13 500	13 500
Company Contributions To Money Purchase Plans Directors	3 306	6 476	7 184	14 009
Director Remuneration	50 867	94 200	109 478	144 278
Accrued Liabilities	100 774	153 061	159 157	184 884
Accumulated Amortisation Impairment Intangible Assets	21 500	21 500	21 500
Accumulated Depreciation Impairment Property Plant Equipment	848 937	955 063	1 056 436	1 175 321
Additional Provisions Increase From New Provisions Recognised		-4 095	10 700
Additional Provisions Increase From New Provisions Recognised In Profit Or Loss				239 250
Administrative Expenses	542 006	640 145	678 658	786 856
Amounts Owed To Group Undertakings	221 631	571 842	2 497 356	2 459 851
Applicable Tax Rate	19	19	19	19
Assumed Rate Increase Pensionable Salaries			3	3
Assumed Rate Increase Pensions In Payment Deferred Pensions	2	3	3	3
Average Number Employees During Period	25	22	22	22
Capital Commitments	4 362
Cash Cash Equivalents Cash Flow Value	934 678	1 459 585	2 262 459
Comprehensive Income Expense	51 590	445 817	2 024 207	3 401 338
Corporation Tax Recoverable	8 265
Cost Sales	11 664 413	9 815 737	12 257 459	14 524 985
Creditors	563 330	1 004 719	3 103 036	3 168 256
Decrease In Assets Defined Benefit Plan From Benefits Paid	-553 000	-441 000	-414 000	-402 000
Deficit Surplus In Defined Benefit Plan	4 325 000	3 336 000	1 479 000	-957 000
Defined Benefit Liabilities From Plans That Are Wholly Or Partly Funded Present Value	14 150 000	13 700 000	12 600 000	8 000 000
Depreciation Amortisation Expense	103 943	106 126	101 373	101 865
Depreciation Expense Property Plant Equipment	103 943	106 126	101 373	101 867
Discount Rate Used Defined Benefit Plan	2	1	2	5
Disposals Decrease In Depreciation Impairment Property Plant Equipment				4 482
Disposals Property Plant Equipment				6 270
Distribution Costs	482 420	426 168	478 818	613 777
Fair Value Assets Defined Benefit Plan	9 825 000	10 364 000	11 121 000	8 957 000
Fair Value Assets In Defined Benefit Plans Less Present Value Funded Obligations	9 825 000	10 364 000	11 121 000	8 957 000
Finished Goods	3 546 045	2 505 157	2 689 067	5 252 599
Fixed Assets	2 520 975	2 446 892	2 491 992	2 446 723
Further Item Cash Flow From Used In Operating Activities Component Total Net Cash Flows From Used In Operating Activities		8 265
Further Item Gain Loss In Other Comprehensive Income Before Tax Component Total Other Comprehensive Income Before Tax	-343 000	923 000	1 767 001	2 326 000
Further Item Interest Expense Component Total Interest Expense	111 000	85 000	42 000	28 000
Future Minimum Lease Payments Under Non-cancellable Operating Leases	11 081	7 819	7 162	24 061
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables	-2 206 332	441 389	2 098 318	65 219
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables	1 106 200	-460 968	-520 226	116 956
Gross Profit Loss	1 553 304	831 102	1 761 992	3 353 540
Income Tax Expense Credit On Components Other Comprehensive Income	-58 310	156 910	335 730	520 260
Increase Decrease Due To Transfers Between Classes Property Plant Equipment		6 543		21 503
Increase Decrease Due To Transfers Into Or Out Intangible Assets				-21 500
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation	476 829	524 907	802 874	-297 238
Increase Decrease In Current Tax From Adjustment For Prior Periods	-2 687
Increase Decrease In Stocks Inventories Finished Goods Work In Progress	-1 135 714	-848 349	1 202 634	2 339 590
Increase From Depreciation Charge For Year Property Plant Equipment		106 126	101 373	101 867
Increase In Assets Defined Benefit Plan From Contributions By Employer	142 000	151 000	132 000	138 000
Increase In Liabilities Defined Benefit Plan From Interest Expense	351 000	279 000	175 000	248 000
Intangible Assets Gross Cost	21 500	21 500	21 500
Interest Payable Similar Charges Finance Costs	111 000	85 000	42 000	28 000
Liabilities Defined Benefit Plan Present Value	14 150 000	13 700 000	12 600 000	8 000 000
Net Cash Flows From Used In Investing Activities	49 574	32 043	146 473	56 595
Net Cash Flows From Used In Operating Activities	-526 403	-556 950	-949 347	240 643
Net Cash Generated From Operations	-526 403	-548 685	-949 347	240 643
Net Current Assets Liabilities	7 548 669	7 075 474	7 208 281	8 447 101
Number Shares Issued Fully Paid		3 403 812	3 403 812	3 403 812
Operating Profit Loss	528 878	-235 211	604 516	1 952 907
Other Comprehensive Income Expense Net Tax	-284 690	766 090	1 431 271	1 805 740
Other Creditors			2 996	2 793
Other Deferred Tax Expense Credit	81 156	62	-30 420	329 309
Other Taxation Social Security Payable	25 376	17 168	18 964	29 174
Par Value Share		1	1	1
Pension Other Post-employment Benefit Costs Other Pension Costs	65 655	61 494	63 017	60 497
Prepayments Accrued Income	34 415	44 705	43 877	89 086
Proceeds From Sales Property Plant Equipment				-1 788
Profit Loss	336 280	-320 273	592 936	1 595 598
Profit Loss On Ordinary Activities Before Tax	417 878	-320 211	562 516	1 924 907
Property Plant Equipment Gross Cost	3 369 912	3 401 955	3 548 428	3 622 044
Provisions	97 946	93 851	104 551	332 764
Provisions For Liabilities Balance Sheet Subtotal	97 946	93 851	104 551	332 764
Provisions Used				11 037
Purchase Property Plant Equipment	-49 574	-32 043	-146 473	-58 383
Raw Materials	1 043 595	1 236 134	2 254 858	2 030 916
Recoverable Value-added Tax		94 157
Retirement Benefit Obligations Surplus	4 325 000	3 336 000	1 479 000	-957 000
Return On Assets Benefit Plan	240 000	194 000	133 000	220 000
Social Security Costs	82 810	78 572	72 145	100 393
Staff Costs Employee Benefits Expense	958 766	940 803	952 036	1 092 295
Tax Decrease From Utilisation Tax Losses		-36 719	146 336	8 843
Tax Decrease Increase From Effect Revenue Exempt From Taxation			144
Tax Expense Credit Applicable Tax Rate	79 397	-60 840	106 878	365 732
Tax Increase Decrease From Effect Capital Allowances Depreciation	10 842	11 427	15 358	4 355
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	336	216	224	2
Tax Tax Credit On Profit Or Loss On Ordinary Activities	81 598	62	-30 420	329 309
Total Additions Including From Business Combinations Property Plant Equipment		32 043	146 473	58 383
Total Assets Less Current Liabilities	10 069 644	9 522 366	9 700 273	10 893 824
Total Operating Lease Payments	36 124	33 274	30 788	32 506
Trade Creditors Trade Payables	212 476	262 648	309 531	362 248
Trade Debtors Trade Receivables	1 427 351	1 764 288	2 408 326	2 246 161
Transfers Between P P E Classes Increase Decrease In Depreciation Impairment				21 500
Transfers Into Or Out Intangible Assets Increase Decrease In Amortisation Impairment				-21 500
Turnover Revenue	13 217 717	10 646 839	14 019 451	17 878 525
Wages Salaries	810 301	800 737	816 874	931 405