Wight Shipyard Company Limited in Fareham, PO16 7BB

Description

Data updated on: 01-11-2023

Wight Shipyard Company Limited is a Private Limited Company, based in Kintyre House, 70 High Street in Fareham. The company's zip code PO16 7BB. This enterprise has been working since Wed, 17th Aug 2016. Its registered no. is 10333818. The company's classified under the NACE and SIC code 33150 which means Repair and maintenance of ships and boats. 2022-12-31 is the last time company accounts were filed.

The following company owes its achievements and unending progress to a group of four directors, namely Toby M., Kenneth H., Roland J. and Peter M., who have been in charge of the firm since Mon, 1st Jan 2024. Another limited company has been appointed as one of the secretaries of this company: Brodies Secretarial Services Limited.

Roland J. is the individual who controls 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	2017-09-30	2018-09-30	2019-09-30	2020-09-29	2021-09-29	2022-12-31
Currency

Balance Sheet
Cash Bank On Hand	725 433	649 875	402 463	1 581 394	115 128	330 811
Current Assets	1 746 153	5 090 771	5 164 532	6 278 927	7 667 042	9 296 660
Debtors	532 720	4 322 404	4 306 771	4 586 117	6 571 395	8 703 735
Net Assets Liabilities	355 759	856 510	-469 927	-1 478 824	-2 558 587	-2 352 803
Other Debtors	367 787	790 913	1 485 901	414 783	139 498	859 845
Property Plant Equipment	55 609	250 109	647 608	665 197	582 805	4 200 445
Total Inventories	488 000	118 492	455 298	111 416	980 519

Other Financial Data
Audit Fees Expenses			6 250	6 250	9 750	11 750
Accrued Liabilities Deferred Income		167 910	599 024	259 338	569 755	145 299
Accumulated Depreciation Impairment Property Plant Equipment	9 814	55 626	98 984	212 916	286 364	398 462
Additions Other Than Through Business Combinations Property Plant Equipment			440 857	132 460	47 920	3 841 283
Administrative Expenses		902 778	1 967 488	1 246 354	1 171 504	1 747 672
Average Number Employees During Period		28	34	39	30	62
Balances Amounts Owed To Related Parties						10 181 996
Cash Cash Equivalents Cash Flow Value	725 433	649 875	402 463	1 581 394	115 128	330 811
Comprehensive Income Expense		500 751	-1 326 437	-1 008 897	-1 079 763	205 784
Corporation Tax Payable	75 452	30 489
Corporation Tax Recoverable			5 396
Cost Sales		17 192 400	19 550 504	14 881 415	7 891 242	24 436 908
Creditors	1 937 937	4 945 630	6 729 527	6 947 588	8 517 718	10 181 996
Current Tax For Period		30 489
Deferred Income		1 435 749	30 455	534 146	1 364 062	3 201 696
Deferred Tax Asset Debtors			341 396	455 634	761 998	1 026 682
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences		30 675	-327 596	-224 413	-319 260	-82 299
Depreciation Expense Property Plant Equipment		45 812	43 358	114 073	104 031
Depreciation Impairment Expense Property Plant Equipment		45 812	43 358	114 073	104 031	166 472
Dividend Income From Group Undertakings		240 000	47 600	62 400
Dividend Income From Joint Ventures						150 000
Dividends Received Classified As Investing Activities		-240 000	-47 600	-62 400
Fixed Assets	558 109	752 609	1 150 108	1 167 697	1 085 305	4 702 945
Further Item Cash Flow From Used In Investing Activities Component Net Cash Flows From Used In Investing Activities						-150 000
Further Item Deferred Expense Credit Component Total Deferred Tax Expense				114 590
Further Item Interest Expense Component Total Interest Expense			28 094	209 985	674 901	253 196
Further Item Tax Increase Decrease Component Adjusting Items			-35 885	114 590	-35 894	17 442
Future Minimum Lease Payments Under Non-cancellable Operating Leases					1 062 596	980 501
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss		-151 570	-255 882	-225 053	-34 151	-148 969
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables		-1 616 907	30 320	2 064 813	1 664	-1 132 177
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables		3 789 684	-362 425	170 504	1 678 914	1 867 656
Gain Loss In Cash Flows From Change In Deferred Income		-1 435 749	1 405 294
Gain Loss In Cash Flows From Change In Inventories		-369 508	336 806	-343 882	869 103	-718 405
Gain Loss On Disposals Property Plant Equipment				141	-13 281
Government Grant Income				144 490	26 558
Gross Profit Loss		1 280 944	257 349	130 640	36 826
Income Taxes Paid Refund Classified As Operating Activities		-75 453		5 396	278 315	305 826
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation		75 558	247 412	-1 178 931	1 466 266	-215 683
Increase Decrease In Current Tax From Adjustment For Prior Periods			-35 885		-278 315	-305 826
Increase From Depreciation Charge For Year Property Plant Equipment	9 814	45 812	43 358	114 073	104 031	166 472
Interest Income				89	105 683	92 835
Interest Income On Bank Deposits		30	715	89		56
Interest Income On Financial Assets That Are Not Fair Value Through Profit Or Loss		30	715	89		56
Interest Paid Classified As Operating Activities					-674 901	-253 196
Interest Payable Similar Charges Finance Costs		56 281	28 094	209 985	674 901	253 196
Interest Received Classified As Investing Activities		-30	-715	-89	-105 683	-92 835
Investments Fixed Assets	502 500	502 500	502 500	502 500	502 500	502 500
Investments In Joint Ventures		502 500	502 500	502 500	502 500	502 500
Key Management Personnel Compensation Total		57 502	128 124	97 511	102 825	154 713
Net Cash Flows From Used In Financing Activities			-3 250 000	-3 697 588	-1 570 130
Net Cash Flows From Used In Investing Activities		282	392 542	69 032	-70 763
Net Cash Flows From Used In Operating Activities		75 276	3 104 870	2 449 625	3 107 159
Net Cash Generated From Operations		-56 458	3 076 776	2 245 036	2 710 573	-2 011 678
Net Current Assets Liabilities	-191 784	145 141	-1 564 995	4 360 522	4 920 385	3 580 192
Net Finance Income Costs		240 030	48 315	62 489	105 683	242 835
Net Interest Paid Received Classified As Operating Activities		-56 281	-28 094	-209 985	-674 901
Number Shares Issued Fully Paid		100
Operating Profit Loss		378 166	-1 710 139	-971 224	-1 108 120
Other Creditors	1 273 074	470 607	58 928	5 793	7 340	51 738
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment				141	30 583	54 374
Other Disposals Property Plant Equipment				939	56 864	111 545
Other Interest Income					105 683	92 779
Other Interest Receivable Similar Income Finance Income		240 030	48 315	62 489	105 683	242 835
Other Operating Income Format1				144 490	26 558	134 300
Other Provisions Balance Sheet Subtotal						225 000
Other Remaining Borrowings			3 250 000	6 947 588	8 517 718	10 181 996
Other Taxation Social Security Payable	17 927	28 239	30 874	163 799	29 529	144 598
Par Value Share	1
Pension Other Post-employment Benefit Costs Other Pension Costs		17 408	54 055	65 846	61 355	129 176
Percentage Class Share Held In Joint Venture			50	50	50
Prepayments Accrued Income		1 556 635	1 461 459	2 725 990	367 953	4 140 746
Proceeds From Sales Property Plant Equipment				-939	-13 000	-85 545
Profit Loss		500 751	-1 326 437	-1 008 897	-1 079 763	205 784
Profit Loss On Ordinary Activities Before Tax		561 915	-1 689 918	-1 118 720	-1 677 338	-182 341
Property Plant Equipment Gross Cost	65 423	305 735	746 592	878 113	869 169	4 598 907
Provisions For Liabilities Balance Sheet Subtotal	10 566	41 240	55 040
Purchase Property Plant Equipment		-240 312	-440 857	-132 460	-47 920	-3 841 283
Repayments Borrowings Classified As Financing Activities			3 250 000	3 697 588	1 570 130	1 664 278
Research Development Expense Recognised In Profit Or Loss			447 884	30 246	51 168
Social Security Costs				107 109	102 037
Staff Costs Employee Benefits Expense		869 875	1 265 703	1 602 262	1 341 439	3 638 038
Taxation Including Deferred Taxation Balance Sheet Subtotal		41 240	55 040	59 455	46 559	228 944
Tax Expense Credit Applicable Tax Rate		106 764	-321 084	-212 557	-318 694	-34 645
Tax Increase Decrease From Effect Adjustment In Research Development Tax Credit					-242 421	-305 826
Tax Increase Decrease From Effect Capital Allowances Depreciation					-566	-50 400
Tax Increase Decrease From Effect Dividends From Companies		-45 600	-9 044	-11 856		-28 500
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss			2 532			78
Tax Tax Credit On Profit Or Loss On Ordinary Activities		61 164	-363 481	-109 823	-597 575	-388 125
Total Additions Including From Business Combinations Property Plant Equipment	65 423	240 312
Total Assets Less Current Liabilities	366 325	897 750	-414 887	5 528 219	6 005 690	8 283 137
Total Borrowings			3 250 000	6 947 588	8 517 718	10 181 996
Total Current Tax Expense Credit		30 489	-35 885
Total Deferred Tax Expense Credit			-327 596	-109 823	-319 260
Total Increase Decrease In Provisions						-225 000
Total Operating Lease Payments		252 430	313 195	190 505	145 370
Trade Creditors Trade Payables	571 484	2 812 636	2 760 246	955 329	775 971	2 173 137
Trade Debtors Trade Receivables	164 933	1 974 856	1 012 619	989 710	5 301 946	2 676 462
Turnover Revenue		18 473 344	19 807 853	15 012 055	7 928 068
Wages Salaries				1 429 307	1 178 047	3 199 181
Work In Progress		118 492	455 298	111 416	980 519
Company Contributions To Defined Benefit Plans Directors		700	4 646	6 441	7 848
Director Remuneration				81 267	84 532	191 139
Director Remuneration Benefits Including Payments To Third Parties		58 202	132 770	87 708	92 380	200 353