West Yorkshire Spinners Limited in Keighley, BD21 4DG

Description

Data updated on: 01-11-2023

West Yorkshire Spinners Limited with Companies House Reg No. 03306556 has been operating on the market for twenty seven years. The Private Limited Company can be reached at Unit 2 Airedale Park, Royd Ings Avenue in Keighley and company's area code is BD21 4DG. The firm's Standard Industrial Classification Code is 13100: Preparation and spinning of textile fibres. The firm's most recent financial reports describe the period up to Thursday 31st March 2022 and the most recent annual confirmation statement was filed on Monday 26th June 2023.

The firm's trademark is "Reared, Sheared & Spun". They applied for its registration on 2016-01-15 and it was accepted three months later. The trademark remains valid until 2026-01-15.

In order to meet the requirements of the client base, the following business is continually controlled by a unit of three directors who are Gareth J., Richard L. and Peter L.. Their work been of extreme importance to the business for four years. To provide support to the directors, the abovementioned business has been using the skills of Holly L. as a secretary since the appointment on 2023-08-01.

Trade marks

Trademark UK00003144666

Trademark UK00003144666

Trademark image:	-
Trademark name:	Reared, Sheared & Spun
Status:	Registered
Filing date:	2016-01-15
Date of entry in register:	2016-04-22
Renewal date:	2026-01-15
Owner name:	West Yorkshire Spinners LTD
Owner address:	West Yorkshire Spinners Ltd, Unit 2, Airedale Park, Royd Ings Avenue, KEIGHLEY, United Kingdom, BD21 4DG

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	288 020	180 224	459 250	539 879	520 668
Current Assets	3 100 293	2 663 810	3 435 920	4 446 143	4 604 205
Debtors	505 372	349 958	555 327	670 723	698 736
Net Assets Liabilities	5 010 150	5 230 400	5 648 735	6 227 912	6 756 060
Other Debtors	116 870	81 197	134 510	77 026	91 987
Property Plant Equipment	5 056 622	5 311 833	5 330 367	5 909 215	7 039 545
Total Inventories	2 306 901	2 133 628	2 421 343	3 235 541

Other Financial Data
Audit Fees Expenses	8 760	9 900	10 200	10 500	13 250
Accrued Liabilities Deferred Income	58 711	26 776	77 283	130 914	87 741
Accumulated Depreciation Impairment Property Plant Equipment	1 966 147	2 021 577	2 056 778	2 145 433	2 307 664
Additions Other Than Through Business Combinations Property Plant Equipment		129 940	117 772	718 732	945 387
Administrative Expenses	1 764 152	1 689 767	1 643 049	1 767 008	2 160 486
Amounts Owed To Group Undertakings	126 198
Average Number Employees During Period	63	72	63	72	66
Bank Borrowings	953 539	855 739	447 939	390 139	332 341
Bank Borrowings Overdrafts	855 739	757 939	390 139	332 339	274 541
Banking Arrangements Classified As Cash Cash Equivalents	-407 246	-430 732	-410 455	-473 091	-674 416
Bank Overdrafts	407 246	430 732	410 455	473 091	674 416
Carrying Amount Under Cost Model Revalued Assets Property Plant Equipment	1 799 137	2 000 000	19 256	86 957	65 989
Cash Cash Equivalents Cash Flow Value	-119 226	-250 508	48 795	66 788	-153 748
Comprehensive Income Expense	193 095	220 250	418 335	579 177	528 148
Corporation Tax Payable	8 100		53 516	5 000	4 571
Cost Sales	6 550 262	6 957 355	7 470 867	8 740 544	9 748 456
Creditors	855 739	757 939	396 411	374 830	307 123
Current Tax For Period	8 100		68 004	5 000	4 571
Deferred Tax Expense Credit From Unrecognised Tax Loss Or Credit	609
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences	33 100	-300	16 000	280 690	50 374
Depreciation Expense Property Plant Equipment	257 030	81 522	96 536	124 789
Depreciation Impairment Expense Property Plant Equipment	257 030	81 522	96 536	126 386	162 231
Disposals Investment Property Fair Value Model			425 000
Distribution Costs	200 026	207 546	253 359	154 625	403 149
Finance Lease Liabilities Present Value Total			6 272	42 491	32 582
Finance Lease Payments Owing Minimum Gross			10 453	56 772	46 384
Finished Goods Goods For Resale	618 148	703 528	613 895	865 218	1 108 174
Fixed Assets	5 582 065	5 736 833	5 330 367
Further Item Cash Flow From Used In Financing Activities Component Net Cash Flows From Used In Financing Activities	670 450	97 800	407 800	57 800	57 798
Further Item Proceeds From Sales Other Long-term Assets Classified As Investing Activities Component Corresponding Total	2 556	-2 556
Further Item Tax Increase Decrease Component Adjusting Items	2 946	302	-1 218	2 592	-5 296
Future Minimum Lease Payments Under Non-cancellable Operating Leases	15 375	10 215	7 461	12 456	9 134
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss	-44 191	-52 965	-6 880	41 914	-94 977
Gain Loss From Fair Value Adjustment Investment Property Recognised In Profit Or Loss		-100 443
Gain Loss From Sales Investment Properties Recognised In Profit Or Loss			-6 409
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables	-343 574	461 151	-295 417	-726 565	-490 366
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables	-64 330	-152 858	205 369	115 396	28 013
Gain Loss In Cash Flows From Change In Inventories	381 844	-173 273	287 715	814 198	149 260
Gain Loss On Disposals Property Plant Equipment	10 347	9 592	-2 571	11 153
Gain Loss On Reclassification Cash Flow Hedges To Profit Or Loss From Equity Before Tax					347 174
Gain Loss On Revaluation Property Plant Equipment Before Tax In Other Comprehensive Income		220 651			347 174
Gross Profit Loss	2 196 754	1 781 606	2 421 286	2 811 347
Impairment Loss Reversal On Investments		-198 971
Income From Related Parties	7 548 798	7 502 748	7 738 982	9 179 475	9 924 057
Income Taxes Paid Refund Classified As Operating Activities	-145 884	-7 055	-7 433	-54 734	-11 787
Income Tax Expense Credit On Components Other Comprehensive Income	-45 746	41 900			86 794
Increase Decrease From Fair Value Adjustment Investment Property Fair Value Model		-100 443
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation	488 161	131 282	-299 303	-17 993	220 536
Increase Decrease In Current Tax From Adjustment For Prior Periods	-1 116	9 310	-7 055	1 218	6 787
Increase From Depreciation Charge For Year Property Plant Equipment		81 522	96 536	126 386	162 231
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings	45 301	43 286	32 583	23 185
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts			254	510
Interest Income On Bank Deposits	158	176	35
Interest Income On Financial Assets That Are Not Fair Value Through Profit Or Loss	158	176	35
Interest Paid Classified As Operating Activities				-23 695	-45 689
Interest Payable Similar Charges Finance Costs	45 301	43 286	32 837	23 695	45 689
Interest Received Classified As Investing Activities	-158	-176	-35	-66	-39
Investment Property	525 443	425 000
Investment Property Fair Value Model	525 443	425 000	4 213 641	4 245 922	5 250 000
Issue Equity Instruments	2 556
Key Management Personnel Compensation Total	434 436	380 937	420 537	395 604	427 301
Net Cash Flows From Used In Financing Activities	-310 095	-201 614	409 891	84 481
Net Cash Flows From Used In Investing Activities	1 112 390	103 758	-313 529	621 015
Net Cash Flows From Used In Operating Activities	-314 134	229 138	-395 665	-723 489
Net Cash Generated From Operations	-505 319	178 797	-435 935	-801 918	-850 474
Net Current Assets Liabilities	523 824	533 106	1 012 379	1 271 817	739 096
Net Finance Income Costs	158	176	35	66	39
Net Interest Paid Received Classified As Operating Activities	-45 301	-43 286	-32 837	-23 695
Operating Profit Loss	232 576	-115 707	528 086	889 714
Other Creditors	433 149	646 288	394 134	675 940	998 446
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment		26 092	61 335	37 731
Other Disposals Property Plant Equipment		39 950	64 037	51 229
Other Interest Income				66	39
Other Interest Receivable Similar Income Finance Income	158	176	35	66	39
Other Operating Income Format1			3 208
Other Taxation Social Security Payable	38 326	40 204	35 493	39 548	39 321
Payments Finance Lease Liabilities Classified As Financing Activities			-2 091	-26 681	-10 388
Pension Other Post-employment Benefit Costs Other Pension Costs	102 760	61 556	115 785	66 823	72 474
Prepayments Accrued Income	88 905	95 351	120 326	105 757	111 357
Proceeds From Issuing Shares	-2 556
Proceeds From Sales Investment Properties			-418 591
Proceeds From Sales Property Plant Equipment	-36 000	-23 450	-131	-24 651
Profit Loss	147 349	41 499	418 335	579 177	267 768
Profit Loss On Ordinary Activities Before Tax	187 433	40 154	495 284	866 085	329 500
Property Plant Equipment Gross Cost	7 022 769	7 333 410	7 387 145	8 054 648	9 347 209
Provisions For Liabilities Balance Sheet Subtotal	240 000	281 600
Purchase Investment Properties	-525 443
Purchase Property Plant Equipment	-620 549	-129 940	-105 228	-645 732	-945 387
Raw Materials Consumables	1 688 753	1 430 100	1 807 448	2 370 323
Redemption Shares Decrease In Equity	207 000
Repayments Borrowings Classified As Financing Activities		299 414
Social Security Costs	133 751	152 858	160 508	176 914
Staff Costs Employee Benefits Expense	1 733 609	1 857 991	1 849 186	1 999 027	2 039 601
Taxation Including Deferred Taxation Balance Sheet Subtotal	240 000	281 600	297 600	578 290	715 458
Tax Expense Credit Applicable Tax Rate	35 612	7 629	94 104	164 556	62 605
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	2 015	498	256	196	719
Tax Tax Credit On Profit Or Loss On Ordinary Activities	40 084	-1 345	76 949	286 908	61 732
Total Assets Less Current Liabilities	6 105 889	6 269 939	6 342 746	7 181 032	7 778 641
Total Borrowings	1 360 785	1 286 471	858 394	863 230	1 006 757
Total Current Tax Expense Credit	6 984	-1 045	60 949	6 218	11 358
Total Increase Decrease From Revaluations Property Plant Equipment		220 651			347 174
Total Operating Lease Payments				4 970
Trade Creditors Trade Payables	1 406 939	888 904	1 390 679	1 777 752	1 989 012
Trade Debtors Trade Receivables	299 597	173 410	300 491	487 940	495 392
Turnover Revenue	8 747 016	8 738 961	9 892 153	11 551 891
Wages Salaries	1 497 098	1 643 577	1 572 893	1 755 290	1 782 040
Company Contributions To Defined Benefit Plans Directors	88 869	33 559	83 278	33 078
Director Remuneration	315 048	316 019	306 221	327 699	331 788
Director Remuneration Benefits Including Payments To Third Parties	403 917	349 578	389 499	360 777	364 925