Welgo Office Equipment Limited in Edinburgh, EH3 8EG

Description

Data updated on: 01-11-2023

Welgo Office Equipment is a firm located at EH3 8EG Edinburgh at 24 Cbc House. This business was established in 1969 and is registered as reg. no. SC047104. This business has been present on the UK market for 55 years now and the current state is active. This firm's principal business activity number is 47190, that means Other retail sale in non-specialised stores. The latest financial reports were submitted for the period up to November 30, 2022 and the latest annual confirmation statement was submitted on September 11, 2023.

As suggested by the firm's register, since 2023-09-01 there have been two directors: Ewan M. and Brian G..

Brian G. is the individual with significant control over this firm, owns over 3/4 of company shares and has 3/4 to full of voting rights.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2016-11-30	2017-11-30	2018-11-30	2019-11-30	2020-11-30	2021-11-30	2022-11-30	2023-11-30
Currency

Balance Sheet
Cash Bank On Hand	504	1 741	2 531	4 187	27 221	67 049	62 832	57 400
Current Assets	119 287	108 082	85 688	92 913	74 348	138 853	104 135	104 887
Debtors	103 802	92 533	62 830	75 104	39 635	53 058	25 324	34 116
Net Assets Liabilities				6 646	6 613	31 681	33 227	36 017
Other Debtors	48 108	30 757	25 289	26 865	14 840	12 816	7 087	6 570
Property Plant Equipment	1 706	1 278	664	3 573	12 319	9 240	7 460	5 416
Total Inventories	14 981	13 808	20 327	13 622	7 492	18 746	15 979

Other Financial Data
Accumulated Amortisation Impairment Intangible Assets	5 000	6 950	8 900	10 350	11 800	13 250	13 500
Accumulated Depreciation Impairment Property Plant Equipment	80 773	81 199	43 674	44 865	48 971	52 050	53 148	55 694
Average Number Employees During Period				7	6	6	5	5
Bank Borrowings Overdrafts	43 735	47 344	12 989	20 053	45 833	34 811	26 725	16 717
Creditors	116 836	107 577	80 617	92 990	45 833	34 811	26 725	16 717
Dividends Paid On Shares			4 600	3 150	1 700
Fixed Assets		7 828	5 264	6 723	14 019	9 490	7 460
Future Minimum Lease Payments Under Non-cancellable Operating Leases			21 313	17 891	15 750	15 750		10 124
Increase From Amortisation Charge For Year Intangible Assets		1 950	1 950	1 450	1 450	1 450	250
Increase From Depreciation Charge For Year Property Plant Equipment		427	221	1 191	4 106	3 079	2 571	2 546
Intangible Assets	2 500	6 550	4 600	3 150	1 700	250
Intangible Assets Gross Cost	7 500	13 500	13 500	13 500	13 500	13 500	13 500
Net Current Assets Liabilities	2 451	505	5 071	-77	38 427	57 002	52 492	47 318
Number Shares Issued Fully Paid		50	50
Other Creditors	12 404	4 328	5 130	4 102	8 011	12 883	2 708	5 250
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment			37 746				1 473
Other Disposals Property Plant Equipment			38 140				1 473
Other Taxation Social Security Payable	17 350	25 771	22 020	24 384	11 308	30 006	23 670	26 761
Par Value Share		1	1
Property Plant Equipment Gross Cost	82 478	82 478	44 338	48 438	61 290	61 290	60 608	61 110
Total Additions Including From Business Combinations Property Plant Equipment				4 100	12 852		791	502
Total Assets Less Current Liabilities	6 657	8 333	10 335	6 646	52 446	66 492	59 952	52 734
Trade Creditors Trade Payables	43 347	30 134	40 478	44 451	12 435	27 922	15 243	15 528
Trade Debtors Trade Receivables	55 694	61 776	37 541	48 239	24 795	40 242	18 237	27 546