W.d. Close & Sons Limited in Wallsend, NE28 6HF

Description

Data updated on: 01-11-2023

1986 signifies the founding of W.d. Close & Sons Limited, the company registered at Carville Works, Hadrian Road in Wallsend. That would make thirty eight years W.d. Close & Sons has existed on the local market, as the company was founded on 1986-06-27. The reg. no. is 02031962 and the zip code is NE28 6HF. This company's registered with SIC code 25990 which stands for Manufacture of other fabricated metal products n.e.c.. Its latest accounts were submitted for the period up to 2022-03-31 and the most recent confirmation statement was released on 2022-12-13.

W D Close & Sons Ltd is a small-sized vehicle operator with the licence number OB0223767. The firm has one transport operating centre in the country. In their subsidiary in Newcastle Upon Tyne on Walkergate, 6 machines and 2 trailers are available.

Given this company's constant expansion, it was vital to acquire extra directors, namely: Christopher C., Kelly S., William C. who have been cooperating since 2016-07-08 to exercise independent judgement of the following business. To find professional help with legal documentation, this business has been utilizing the skillset of Ann C. as a secretary.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2015-03-31	2016-03-31	2017-03-31	2018-03-31	2019-03-31	2020-03-31	2021-03-31	2022-03-31	2023-03-31
Currency

Balance Sheet
Cash Bank On Hand	3 932 710	3 622 971	3 120 396	1 751 341	3 516 610	2 907 527	3 303 799	5 364 224	1 406 894
Current Assets	7 491 462	8 674 507	5 525 336	6 995 612	6 668 221	6 368 228	7 039 927	9 850 348	5 974 227
Debtors	3 495 962	5 044 261	2 397 860	5 237 720	3 145 516	3 447 784	3 728 151	4 442 870	4 506 015
Net Assets Liabilities	6 892 381	7 441 581	8 024 499	8 351 282	8 612 160	8 809 084	9 262 820	9 786 410	5 170 522
Other Debtors			130 000		75 218	40 732	2 000		1 023
Property Plant Equipment	3 602 634	3 624 755	3 970 219	3 874 563	3 715 924	3 555 815	3 470 375	3 571 914	1 585 407
Total Inventories	62 790	7 275	7 080	6 551	6 095	12 917	7 977	43 254

Other Financial Data
Audit Fees Expenses	10 525	11 600	12 500	14 350	13 495	15 000	10 150	12 500	13 000
Accrued Liabilities Deferred Income	1 523 383	476 918	317 990	258 606	191 310	268 508	274 629	982 845	1 046 405
Accumulated Depreciation Impairment Property Plant Equipment	1 110 227	1 406 204	1 714 869	1 999 495	2 246 787	2 428 187	2 646 129	2 875 069	247 260
Additions Other Than Through Business Combinations Property Plant Equipment		366 848	710 489	188 970	99 653	71 461	132 502	378 979	92 910
Administrative Expenses	2 926 907	2 562 693	2 310 773	2 320 952	2 458 003	2 251 497	2 005 142	2 285 386	2 569 434
Amounts Owed By Group Undertakings						75 231	35 842	36 107
Amounts Recoverable On Contracts		1 710 192	244 057	387 493	273 382	1 096 145	1 312 994	2 391 351	1 872 800
Average Number Employees During Period	136	136	119	113	109	104	80	96	126
Bank Borrowings Overdrafts		40 307	8 089	65 951	22 880	41 358
Banking Arrangements Classified As Cash Cash Equivalents				-65 951	-22 880
Bank Overdrafts		40 307	8 089	65 951	22 880	41 358
Cash Cash Equivalents Cash Flow Value			3 112 307	1 685 390	3 493 730
Comprehensive Income Expense	641 374	549 200	582 918	326 783	260 878		453 736	523 590	489 921
Corporation Tax Payable	151 869	133 226	143 793	115 100	83 274	82 384			3 956
Corporation Tax Recoverable							124 409	38 663
Cost Inventories Recognised As Expense Gross	5 712 177	4 390 966
Cost Sales	9 480 035	9 834 752	9 193 884	10 324 376	8 739 438	5 274 438	6 746 856	9 453 908	9 766 839
Creditors	225 911	432 456	394 994	372 073	352 731	336 072	321 425	339 922	202 012
Current Tax For Period	151 973	133 264	143 814	115 122	83 274	82 384	67 440	84 021	91 539
Debt Securities Held	1 984 086	2 609 773
Deferred Income	225 911	432 456	394 994	394 994	372 073	352 731	336 071	363 600	206 822
Deferred Tax Expense Credit From Unrecognised Tax Loss Or Credit	56 533	43 146	-30 716	-32 275	-13 214
Deferred Tax Expense Credit From Unrecognised Timing Difference From Prior Period					-13 214	-10 098
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences	137 949	25 316	-30 716	-32 275	-13 214	-10 098	-3 054	119 301	-135 119
Depreciation Expense Property Plant Equipment		308 868	310 381	284 626	254 759	225 565	217 942	274 652
Depreciation Impairment Expense Property Plant Equipment				284 626	254 759
Dividends Paid									4 789 248
Dividends Paid On Shares Final									2 189 940
Dividends Paid On Shares Interim									2 599 308
Finished Goods Goods For Resale	62 790	7 275	7 080	6 551	6 095	12 917	7 977
Fixed Assets	4 427 634	4 449 755	4 795 219	4 609 563	4 450 924	4 290 815	4 205 375	4 306 914	1 585 407
Further Item Tax Increase Decrease Component Adjusting Items			62 076	54 079	48 404	42 857	13 822	119 301	-135 119
Gain Loss From Sales Investment Properties Recognised In Profit Or Loss				-90 000
Gain Loss On Disposals Property Plant Equipment	-2 966	14 391	13 976		67	19 746	20 000	10 463
Government Grant Income	5 862	37 721	34 050	27 693	22 921	19 342	16 660	60 451
Gross Profit Loss	3 742 768	3 146 504	2 696 329	2 658 149	2 466 232	2 397 657	2 203 043	2 741 581
Income From Related Parties				868		15 150	450
Income Taxes Paid Refund Classified As Operating Activities	-525 465	-151 907	-22 962	-143 815	117 880
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation				1 426 917	-1 808 340
Increase Decrease In Current Tax From Adjustment For Prior Periods			-110 284		-232 980		-190 915	-109	-88 040
Increase From Depreciation Charge For Year Property Plant Equipment		308 868	310 381	284 626	254 759	225 565	217 942	274 652	197 500
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts	269 636	170 228
Interest Income On Bank Deposits	19 501	20 248	7 682	9 407	6 808	13 708	1 390	283
Interest Income On Financial Assets That Are Not Fair Value Through Profit Or Loss	19 501	20 248	7 682	9 407	6 808
Interest Received Classified As Investing Activities	-19 573	-20 248	-8 227	-9 407	-6 808
Investment Property	825 000	825 000	825 000	735 000	735 000	735 000	735 000	735 000
Investment Property Fair Value Model				735 000	735 000	735 000	735 000	735 000
Minimum Lease Payments Receivable Under Non-cancellable Operating Leases								514 750	435 000
Net Cash Flows From Used In Investing Activities	2 415 640	296 350	633 643	179 563	89 245
Net Cash Flows From Used In Operating Activities	-1 288 794	-92 087	-1 067 503	1 247 354	-1 897 585
Net Cash Generated From Operations				1 103 539	-1 779 705
Net Current Assets Liabilities	2 866 633	3 625 573	3 794 849	4 252 092	4 639 053	4 969 329	5 490 804	6 050 653	3 846 709
Net Finance Income Costs	19 573	20 248	8 227	9 407	6 808	13 708	2 324	283
Number Shares Issued Fully Paid				10 000
Operating Profit Loss	911 723	687 532	577 505	490 223	91 150	255 502	324 883	603 836
Other Creditors		912 313	10 927	8 605	4 220	5 020	6 639	11 085	10 356
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment		12 891	1 716		7 467	44 165		45 712	925
Other Disposals Property Plant Equipment		48 750	56 358		11 000	50 170		48 500	1 000
Other Interest Income							934
Other Interest Receivable Similar Income Finance Income	19 573	20 248	8 227	9 407	6 808	13 708	2 324	283	20 558
Other Operating Income Format1	95 862	103 721	191 949	153 026	82 921	109 342	126 982	147 641	255 451
Other Taxation Social Security Payable		290 936	83 235	463 230	183 471	222 610	208 341	148 203	311 704
Par Value Share				1
Pension Other Post-employment Benefit Costs Other Pension Costs	31 821	56 325	55 738	55 988	58 312	119 176	112 195	58 405	110 719
Prepayments Accrued Income		724 296	273 862	414 485	449 567	241 665	259 290	312 666	277 249
Proceeds From Sales Property Plant Equipment	-6 349	-50 250	-68 618		-3 600
Profit Loss	641 374	549 200	582 918	326 783	260 878	196 924	453 736	523 590	489 921
Profit Loss On Ordinary Activities Before Tax	931 296	707 780	585 732	409 630	97 958	269 210	327 207	604 119	358 301
Property Plant Equipment Gross Cost	4 712 861	5 030 959	5 685 088	5 874 058	5 962 711	5 984 002	6 116 504	6 446 983	1 832 667
Provisions For Liabilities Balance Sheet Subtotal	175 975	201 291	170 575	138 300	125 086	114 988
Purchase Property Plant Equipment	-2 441 562	-366 848	-710 488	-188 970	-99 653
Raw Materials Consumables							7 977	43 254
Rental Income From Investment Property				-60 000	-60 000	-60 000	-60 000	-66 250	-78 883
Repayments Borrowings Classified As Financing Activities		-145 783	-904 217
Social Security Costs	405 142	432 995	339 367	328 036	291 144	239 157	217 116	245 922
Staff Costs Employee Benefits Expense	5 130 196	6 516 096	4 996 349	6 444 294	5 038 659	4 610 865
Taxation Including Deferred Taxation Balance Sheet Subtotal	175 975	201 291	170 575	138 300	125 086	114 988	111 934	231 235	59 582
Tax Decrease Increase From Effect Revenue Exempt From Taxation		2 878	49			3 752		5 455	6 847
Tax Expense Credit Applicable Tax Rate				77 830	18 612	51 150	62 169	114 783	68 077
Tax Increase Decrease From Effect Adjustment In Research Development Tax Credit			-110 284		-232 980		-190 915	-122 684	-88 040
Tax Increase Decrease From Effect Capital Allowances Depreciation	-115 766	-60 545	-29 559	-28 974	-21 397	-15 290		-25 247	28 058
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	8 172	33 211	-5 800	12 187	37 655	7 356	-11 605	-60	2 251
Tax Increase Decrease From Other Short-term Timing Differences	-1 231
Tax Tax Credit On Profit Or Loss On Ordinary Activities	289 922	158 580	2 814	82 847	-162 920	72 286	-126 529	80 529	-131 620
Total Assets Less Current Liabilities	7 294 267	8 075 328	8 590 068	8 861 655	9 089 977	9 260 144	9 696 179	10 357 567	5 432 116
Total Borrowings		40 307	8 089	65 951	22 880	41 358
Total Current Tax Expense Credit		133 264	33 530	115 122	-149 706	82 384	-123 475	-38 772	3 499
Total Operating Lease Payments		170 228	359 624	130 444	167 804	71 122	71 949
Trade Creditors Trade Payables	1 791 642	3 170 953	1 138 760	1 809 107	1 524 671	762 360	1 044 868	2 633 884	750 287
Trade Debtors Trade Receivables	1 984 086	2 609 773	1 749 941	4 435 742	2 347 349	1 994 011	1 993 616	1 664 083	2 354 943
Transfers To From Non-current Assets Or Disposal Groups Held For Sale Property Plant Equipment									4 706 226
Transfers To From Retained Earnings Increase Decrease In Equity									-316 561
Transfer To Non-current Assets Or Disposal Groups Held For Sale Decrease In Depreciation Impairment Property Plant Equipment									2 824 384
Turnover Revenue	13 222 803	12 981 256	11 890 213	12 982 525	11 205 670	7 672 095	8 949 899	12 195 489
Wages Salaries	4 693 233	6 026 776	4 601 244	6 060 270	4 689 203
Company Contributions To Defined Benefit Plans Directors					5 000	69 431	60 636	2 140
Director Remuneration					256 156	264 549	340 595	371 665	225 692
Director Remuneration Benefits Including Payments To Third Parties				327 118	261 156	333 980	401 231	373 805	260 612

Company staff

Ann C.

Role: Secretary

Latest update: 11 April 2024

Christopher C.

Role: Director

Appointed: 08 July 2016

Latest update: 11 April 2024

Kelly S.

Role: Director

Appointed: 22 March 2005

Latest update: 11 April 2024

William C.

Role: Director

Appointed: 31 December 1991

Latest update: 11 April 2024

Ann C.

Role: Director

Appointed: 31 December 1991

Latest update: 11 April 2024

People with significant control

The companies with significant control over this firm are: Shelford Holdings Ltd owns over 3/4 of company shares and has 3/4 to full of voting rights. This business can be reached in Wallsend at Hadrian Road, NE28 6HF and was registered as a PSC under the reg no 11379796.

Shelford Holdings Ltd

Address: Carville Works Hadrian Road, Wallsend, NE28 6HF, England

Legal authority Companies Act 2006

Legal form Private Limited Company

Country registered England

Place registered Companies House

Registration number 11379796

Notified on 21 May 2019

Nature of control:

over 3/4 of shares

3/4 to full of voting rights

right to manage directors