Welcome Furniture Ltd. in Caernarfon, LL55 2BD

Description

Data updated on: 01-11-2023

2008 is the year of the launching of Welcome Furniture Ltd., a company that is situated at Welcome Furniture, 1 Cibyn In Est, Caernarfon. That would make 16 years Welcome Furniture has prospered in the United Kingdom, as the company was registered on 2008-10-02. Its Companies House Registration Number is 06713485 and its zip code is LL55 2BD. The company switched its name three times. Until 2009 it has delivered its services as Gleneagle Furniture but currently it is featured under the business name Welcome Furniture Ltd.. The company's principal business activity number is 31090 and their NACE code stands for Manufacture of other furniture. The most recent filed accounts documents describe the period up to Thu, 31st Mar 2022 and the latest confirmation statement was filed on Mon, 2nd Oct 2023.

Welcome Furniture Ltd is a medium-sized vehicle operator with the licence number OG1088176. The firm has one transport operating centre in the country. In their subsidiary in Caernarfon on Cibyn Industrial Estate, 22 machines and 25 trailers are available.

There seems to be a group of three directors supervising this limited company right now, specifically David L., Martin B. and John P. who have been executing the directors assignments since 2021-07-23. To help the directors in their tasks, this limited company has been utilizing the skills of Simon M. as a secretary since the appointment on 2009-10-18.

Previous company's names
Welcome Furniture Ltd. 2009-09-30
Gleneagle Furniture Ltd 2009-03-09
Welcombe Furniture Ltd 2009-02-27
Gleneagle Furniture Ltd 2008-10-02

Financial data based on annual reports

Profit & Loss
Date of Accounts	2019-03-31	2020-03-31	2021-03-31	2022-03-31	2023-03-31
Currency

Balance Sheet
Cash Bank On Hand	14 265	764 044	1 206 722	646 706	430 258
Current Assets	8 188 170	9 448 990	13 302 926	11 537 937	11 526 730
Debtors	5 618 334	5 995 593	8 036 384	6 544 377	6 911 252
Net Assets Liabilities	930 730	1 044 479	1 400 482	1 793 988	1 707 597
Other Debtors	56 430	103 792	97 530	124 464	201 403
Property Plant Equipment				770 055	901 937
Total Inventories	2 555 571	2 689 353	4 059 820	4 346 854

Other Financial Data
Audit Fees Expenses	13 400	13 000	14 500	14 500	19 500
Accrued Liabilities Deferred Income	274 407	312 130	587 147	365 431	362 920
Accumulated Depreciation Impairment Property Plant Equipment				55 516	250 930
Additions Other Than Through Business Combinations Property Plant Equipment				825 571	328 860
Administrative Expenses	3 156 526	3 304 891	4 766 226	3 763 216	3 451 247
Amounts Owed By Group Undertakings	1 638 939	2 088 607	1 895 869	2 121 238	2 169 807
Amounts Owed To Group Undertakings	897 750	1 648 654	2 276 397	2 586 076	2 452 287
Average Number Employees During Period	158	172	200	203	192
Bank Borrowings			1 200 000	1 040 000	803 605
Bank Borrowings Overdrafts	2 449 301	2 757 872	980 000	800 000	563 605
Bank Overdrafts	2 449 301	2 757 872	3 230 856	3 367 323	3 803 487
Carrying Amount Under Cost Model Revalued Assets Property Plant Equipment				130 171	408 728
Corporation Tax Payable	51 088	67 650	42 902
Corporation Tax Recoverable				43 216	35 520
Cost Sales	11 336 309	13 486 823	15 195 185	14 442 364	14 270 779
Creditors	910 976	806 241	1 567 060	1 252 521	763 037
Current Tax For Period	57 796	17 164	42 902	-43 216
Deferred Tax Asset Debtors	780	1 131	2 090
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences	-61	-351	-959	94 743	55 268
Distribution Costs	2 104 979	2 695 161	3 428 103	3 063 848	2 792 409
Dividends Paid	91 000	91 000
Dividends Paid On Shares Interim	91 000	91 000
Finance Lease Liabilities Present Value Total				166 124	256 498
Finance Lease Payments Owing Minimum Gross				175 530	273 121
Finished Goods Goods For Resale	379 426	312 186	863 234	260 373	674 327
Further Item Interest Expense Component Total Interest Expense		71 500	68 938	81 349	90 089
Further Item Tax Increase Decrease Component Adjusting Items	7			-2 981	33 620
Future Finance Charges On Finance Leases				9 406	16 623
Future Minimum Lease Payments Under Non-cancellable Operating Leases	360 000	240 000	204 398	181 536	98 071
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss	-929	-982	-10 153	-12 674	-5 456
Government Grant Income		13 500	323 983
Gross Profit Loss	5 832 675	6 347 885	8 421 067	7 441 665
Income From Related Parties	3 000
Increase Decrease In Current Tax From Adjustment For Prior Periods	-21 606	-21 515	-784	314	7 695
Increase From Depreciation Charge For Year Property Plant Equipment				55 516	195 414
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings	90 957	83 990	78 825	80 620
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts				1 515
Interest Payable Similar Charges Finance Costs	181 757	161 286	153 559	169 280	273 727
Net Current Assets Liabilities	1 841 706	1 850 720	3 222 488	2 471 194	1 716 618
Operating Profit Loss	571 170	361 333	550 721	614 601
Other Creditors	26 715	167 057	79 759	43 879	75 480
Other Disposals Property Plant Equipment					1 564
Other Interest Expense	5 796	5 796	5 796	5 796	6 279
Other Interest Income				26
Other Interest Receivable Similar Income Finance Income				26
Other Operating Income Format1		13 500	323 983
Other Provisions Balance Sheet Subtotal			254 946	102 087
Other Remaining Borrowings	1 111 268	928 271	809 205	587 322	349 146
Other Taxation Social Security Payable	444 337	624 464	1 115 820	427 832	687 145
Payments To Related Parties	34 750	57 448
Pension Other Post-employment Benefit Costs Other Pension Costs	48 266	79 407	96 398	121 305	98 553
Prepayments Accrued Income	116 346	107 969	81 589	178 124	117 606
Profit Loss	353 284	204 749	356 003	393 506	-86 391
Profit Loss On Ordinary Activities Before Tax	389 413	200 047	397 162	445 347	-23 428
Property Plant Equipment Gross Cost				825 571	1 152 867
Raw Materials Consumables	2 176 145	2 377 167	3 196 586	4 086 481
Social Security Costs	340 395	394 974	460 460	612 491
Staff Costs Employee Benefits Expense	4 270 674	4 900 662	6 218 100	7 077 889	6 368 512
Taxation Including Deferred Taxation Balance Sheet Subtotal				92 653	147 921
Tax Expense Credit Applicable Tax Rate	73 988	38 009	75 461	84 616	-4 451
Tax Increase Decrease Arising From Group Relief Tax Reconciliation				52 645	26 984
Tax Increase Decrease From Effect Adjustment In Research Development Tax Credit	-22 547	-22 306	-35 432	-27 236
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	6 287	1 110	1 914	248	95
Tax Tax Credit On Profit Or Loss On Ordinary Activities	36 129	-4 702	41 159	51 841	62 963
Total Assets Less Current Liabilities			3 222 488	3 241 249	2 618 555
Total Borrowings	3 560 569	3 686 143	5 240 061	4 994 645	4 956 238
Total Current Tax Expense Credit	36 190	-4 351	42 118	-42 902	7 695
Total Operating Lease Payments	186 607	192 843	507 429	550 023
Trade Creditors Trade Payables	2 002 574	1 898 413	2 305 412	1 735 277	1 782 581
Trade Debtors Trade Receivables	3 566 668	3 463 584	5 714 231	3 754 144	4 386 916
Turnover Revenue	17 168 984	19 834 708	23 616 252	21 884 029
Wages Salaries	3 882 013	4 426 281	5 661 242	6 344 093	5 760 905

Company staff

David L.

Role: Director

Appointed: 23 July 2021

Latest update: 10 March 2024

Martin B.

Role: Director

Appointed: 30 January 2017

Latest update: 10 March 2024

Simon M.

Role: Secretary

Appointed: 18 October 2009

Latest update: 10 March 2024

John P.

Role: Director

Appointed: 02 October 2008

Latest update: 10 March 2024

Accounts Documents

Account next due date	31 December 2023
Account last made up date	31 March 2022
Confirmation statement next due date	16 October 2024
Confirmation statement last made up date	02 October 2023

Annual Accounts
Start Date For Period Covered By Report	2019-04-01
End Date For Period Covered By Report	2020-03-31
Annual Accounts
Start Date For Period Covered By Report	2020-04-01
End Date For Period Covered By Report	2021-03-31
Annual Accounts
Start Date For Period Covered By Report	2021-04-01
End Date For Period Covered By Report	2022-03-31
Annual Accounts
Start Date For Period Covered By Report	2022-04-01
End Date For Period Covered By Report	2023-03-31

Welcome Furniture Ltd.

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

David L.

Martin B.

Simon M.

John P.

Russell M.

John P.

Accounts Documents

Company Vehicle Operator Data

Unit 1

Address

City

Postal code

No. of Vehicles

No. of Trailers

Company filings

Filing category

Search other companies

Services (by SIC Code)

Company Age

Similar companies nearby

Closest companies