Welink Energy (u.k.) Limited in Manchester, M3 3EB

Description

Data updated on: 01-11-2023

2014 signifies the start of Welink Energy (u.k.) Limited, a firm located at 3 Hardman Square, Spinningfields, Manchester. That would make 10 years Welink Energy (u.k.) has existed in the United Kingdom, as the company was started on 2014-02-20. The company's reg. no. is 08905326 and the postal code is M3 3EB. The firm's SIC code is 42220 which means Construction of utility projects for electricity and telecommunications. The latest filed accounts documents cover the period up to 2021-12-31 and the most recent annual confirmation statement was filed on 2022-10-30.

The company has a single managing director at the moment overseeing this specific company, specifically Barry O. who's been utilizing the director's duties since 2014-02-20. This company had been presided over by John M. till 3 years ago. As a follow-up another director, including Valentine O. resigned 6 years ago.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2015-02-28	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31
Currency	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP
Net Worth	109 140

Balance Sheet
Cash Bank On Hand		276 543	131 908	15 706	5 828	11 489	19 720	52 619
Current Assets	4 053 097	8 864 935	34 046 044	42 549 461	51 378 228	58 956 281	67 723 144	94 302 618
Debtors	3 044 952	6 978 254	31 073 823	42 156 281	51 357 723	57 041 378	66 039 464	92 463 137
Net Assets Liabilities		256 267	400 704	159 881	-10 808 001	-27 531 016	-32 568 288	-37 322 937
Other Debtors	898 241	1 879	32 479	164 930	27 262	3 084 460	3 353 164	3 295 599
Property Plant Equipment		38 298	235 250	233 931	29 110	40 410	19 823	2 637
Total Inventories		1 610 138	2 840 313	377 474	14 677	1 903 414	1 663 960	1 786 862
Cash Bank In Hand	905 924
Net Assets Liabilities Including Pension Asset Liability	109 140
Stocks Inventory	102 221
Tangible Fixed Assets	48 349
Trade Debtors	8 677

Capital & Reserves
Called Up Share Capital	1 000
Profit Loss Account Reserve	108 140
Shareholder Funds	109 140

Other Financial Data
Audit Fees Expenses		11 000	25 523	22 000	25 500	16 465	15 000
Fees For Non-audit Services			5 523	9 500	8 000	5 720	9 000
Director Remuneration		18 750
Accrued Liabilities Deferred Income		32 697	1 850 269	1 687 680	16 164 527	18 370 938	14 877 536	14 250 092
Accrued Liabilities Not Expressed Within Creditors Subtotal			18 500 000	23 209 046	19 175 275	18 500 000	22 200 000	36 166 037
Accumulated Depreciation Impairment Property Plant Equipment		30 304	47 871	79 280	287 188	297 818	323 000	341 844
Additional Provisions Increase From New Provisions Recognised			-1 140	2 264		3 153	-2 771
Administrative Expenses		2 155 477	6 530 769	9 080 221	6 045 549	4 914 628	5 434 247
Amounts Owed By Group Undertakings		6 971 419	30 642 175	34 146 016	39 702 325	52 748 066	60 541 912	87 186 436
Amounts Owed To Group Undertakings		765 043	4 059 719	7 330 695	8 137 654	29 394 923	39 609 975	53 291 734
Applicable Tax Rate		21	20	19	19	19	19
Bank Borrowings Overdrafts				8 808
Bank Overdrafts				8 808
Cash Cash Equivalents Cash Flow Value		276 543	131 908	6 898	5 828	11 489
Comprehensive Income Expense		147 127	144 437	37 783	-10 967 882	-16 723 015	-5 037 272
Corporation Tax Payable		68 742	31 748
Cost Sales		6 377 539	14 156 312	2 533 625	18 813 615	22 200 152	-160 870
Creditors		24 382	14 515	24 555 163	43 040 064	68 024 936	78 111 255	95 462 155
Current Tax For Period		40 742	31 748
Deferred Tax Asset Debtors			1 140	45 769	382
Deferred Tax Assets			1 140	46 893	382
Deferred Tax Liabilities				1 124		2 771
Depreciation Amortisation Expense		12 996	17 567	35 951	29 000	38 980	25 182
Depreciation Expense Property Plant Equipment		5 771	8 897	35 951	29 000	38 980	25 182
Disposals Decrease In Depreciation Impairment Property Plant Equipment				4 542	13 092	28 350
Disposals Property Plant Equipment				8 500	17 583	28 350
Finance Lease Liabilities Present Value Total		24 382	14 515
Fixed Assets	48 349	38 298	8 771 305	233 931
Further Item Interest Expense Component Total Interest Expense			13 196	95 412	1 279 025	1 923 906	3 178 243
Further Item Proceeds From Sales Other Long-term Assets Classified As Investing Activities Component Corresponding Total				-4 379 189
Further Operating Expense Item Component Total Operating Expenses		2 391	23 832	75 741	60 201	114 592	126 847
Future Minimum Lease Payments Under Non-cancellable Operating Leases			30 000	220 668	199 748	199 748	199 748
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss		-7 026	-426 999	-283 534	-580 964	2 452 789	-2 213 932
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables		4 619 491	25 858 861	2 253 015	9 839 271	23 917 031	16 264 645
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables		-6 069 936	-24 094 429	-11 083 595	-4 106 133	-5 683 655	-8 998 933
Gain Loss On Disposal Assets Income Statement Subtotal				-2 158	-2 001	3 500
Gain Loss On Disposals Property Plant Equipment				-2 158	-2 001	3 500
Gross Profit Loss		2 344 990	6 725 844	10 306 375	1 792 812	-10 968 132	3 887 985
Income Taxes Paid Refund Classified As Operating Activities			-68 742	-31 748			32 124
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation		-629 381	-144 635	-125 010	-1 070	5 661	8 231
Increase Decrease In Current Tax From Adjustment For Prior Periods				-111	111		-32 124
Increase Decrease In Stocks Inventories Finished Goods Work In Progress		-627 717	1 230 175	-2 462 839	-362 798	1 888 737	-239 454
Increase From Depreciation Charge For Year Property Plant Equipment			17 567	35 951	29 000	38 980	25 182	18 844
Increase From Impairment Loss Recognised In Profit Or Loss Property Plant Equipment					192 000
Interest Expense				589
Interest Expense On Bank Overdrafts				8	73	25	46
Interest Expense On Loan Capital			3 899	1 413 708	5 634 873	1 436 229	461 615
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts		3 893	3 151	1 893
Interest Paid Classified As Operating Activities			-17 095	-405 912	-1 181 261	-2 453 432	-3 494 891
Interest Payable Similar Charges Finance Costs		3 893	20 246	1 511 610	6 913 971	3 360 160	3 639 904
Investments Fixed Assets			8 536 055
Merchandise		1 610 138	584 079	340 315
Net Assets Liabilities Subsidiaries		13 436	-113 967	565 879
Net Cash Flows From Used In Financing Activities		4 573	-195 693	-1 075 617	720 050	514 162	2 623 338
Net Cash Flows From Used In Investing Activities		2 945	998 239	-9 437 333	-26 041	-23 489	-95 302
Net Cash Flows From Used In Operating Activities		621 863	-657 911	10 637 960	-692 939	-496 334	-2 536 267
Net Cash Generated From Operations		617 970	-746 899	10 198 407	-1 874 200	-2 949 766	-5 984 932
Net Current Assets Liabilities	92 057	242 351	10 143 914	23 414 726	8 338 164	-9 068 655	-10 388 111	-1 159 537
Net Interest Received Paid Classified As Investing Activities			-216	-4	-44 221	-70 269	-99 897
Number Shares Issued Fully Paid			1 000	1 000	1 000	1 000	1 000
Operating Profit Loss		191 762	195 075
Other Deferred Tax Expense Credit			-1 140	-44 629	45 387	3 153	-2 771
Other Interest Receivable Similar Income Finance Income			216	4	244 213	70 269	99 897
Other Investments Other Than Loans			8 536 055	-9 474 141
Other Operating Income Format1		2 249				2 452 789	14 102
Other Remaining Borrowings			203 899	2 407 704	6 083 877	6 476 444	3 998 120	4 316 736
Other Taxation Social Security Payable		2 839	55 188	59 699	138 785	79 594	682 490	1 378 341
Par Value Share	1		1	1	1	1	1
Payments Finance Lease Liabilities Classified As Financing Activities		-5 573	-8 206	-24 383
Pension Other Post-employment Benefit Costs Other Pension Costs		2 391	23 832	75 741	60 201	114 592	126 847
Percentage Class Share Held In Subsidiary			90	90
Prepayments Accrued Income		4 956	33 086	9 030 747	9 073 047	53 166	2 128 124	10 721
Proceeds From Borrowings Classified As Financing Activities			-203 899	-1 800 000	-279 950	-830 998	-499 936
Proceeds From Issuing Shares		-1 000
Proceeds From Sales Property Plant Equipment				-1 800	-2 490	-3 500
Profit Loss		147 127	144 437	-240 823	-10 967 882	-16 723 015	-5 037 272
Profit Loss On Ordinary Activities Before Tax		187 869	175 045	-285 452	-10 922 495	-16 719 862	-5 072 167
Profit Loss Subsidiaries		-47 203	-186 047	-490 703
Property Plant Equipment Gross Cost		68 602	283 121	313 211	316 298	338 228	342 823	344 481
Provisions			-1 140	-45 769	-382	2 771
Provisions For Liabilities Balance Sheet Subtotal				1 124		2 771
Purchase Property Plant Equipment		-2 945	-214 519	-38 590	-20 670	-50 280	-4 595
Recoverable Value-added Tax			298 129	778 536	71 254	22 036	16 264	7 876
Repayments Borrowings Classified As Financing Activities				-700 000	-1 000 000	-1 345 160	-3 123 274
Social Security Costs		3 360	47 523	171 546	139 317	180 163	219 785
Staff Costs Employee Benefits Expense		61 491	574 740	1 705 714	1 379 795	1 771 047	2 077 617
Tax Decrease From Utilisation Tax Losses				116	-46 289	-13 351	-18 980
Tax Expense Credit Applicable Tax Rate		39 452	35 009	7 709	-2 075 274	-3 176 774	-963 712
Tax Increase Decrease Arising From Group Relief Tax Reconciliation			-42 249	-15 145
Tax Increase Decrease From Effect Capital Allowances Depreciation		1 440	-103	1 578	36 771		846
Tax Increase Decrease From Effect Different U K Tax Rates On Some Earnings		-1 851	-1 140	2 264
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss		1 701	39 091	8 248	28 087	3 703	2 621
Tax Increase Decrease From Effect Unrelieved Tax Losses Carried Forward					2 009 403
Tax Tax Credit On Profit Or Loss On Ordinary Activities		40 742	30 608	2 264	45 387	3 153	-34 895
Total Additions Including From Business Combinations Property Plant Equipment			214 519	38 590	20 670	50 280	4 595	1 658
Total Assets Less Current Liabilities	140 406	280 649	18 915 219	23 368 927	8 367 274	-9 028 245	-10 368 288	-1 156 900
Total Borrowings		32 589	228 282	2 407 704	8 879 598	7 142 396	7 219 014	9 637 323
Trade Creditors Trade Payables		2 039 682	5 607 320	3 307 446	5 105 452	8 296 195	8 002 734	11 070 681
Trade Debtors Trade Receivables			66 814	3 130 981	2 483 453	1 110 915		1 962 505
Turnover Revenue		8 722 529	20 882 156	12 840 000	20 606 427	11 232 020	3 727 115
Wages Salaries		55 740	503 385	1 458 427	1 180 277	1 476 292	1 730 985
Work In Progress			2 256 234	37 159	14 677
Average Number Employees During Period					20	18	15	13
Cash Receipts From Government Grants							-14 102
Further Item Cash Flow From Used In Operating Activities Component Total Net Cash Flows From Used In Operating Activities							14 102
Tax Decrease Increase From Effect Revenue Exempt From Taxation						13 351	18 980
Total Operating Lease Payments						860	1 426
Accruals Deferred Income Within One Year	18 496
Creditors Due After One Year	31 266
Creditors Due Within One Year	3 961 040
Number Shares Allotted	1 000
Obligations Under Finance Lease Hire Purchase Contracts After One Year	31 266
Obligations Under Finance Lease Hire Purchase Contracts Within One Year	6 896
Other Creditors Due Within One Year	3 711 252
Prepayments Accrued Income Current Asset	2 138 034
Share Capital Allotted Called Up Paid	1 000
Tangible Fixed Assets Cost Or Valuation	65 657
Tangible Fixed Assets Depreciation	17 308
Taxation Social Security Due Within One Year	28 000
Trade Creditors Within One Year	196 396