Founded in 1990, Bitus Uk, classified under reg no. 02557017 is an active company. Currently registered at Unit 9 Cirencester Office Park GL7 6JJ, Cirencester the company has been in the business for 34 years. Its financial year was closed on Tue, 31st Dec and its latest financial statement was filed on 2022-12-31. Since 2023-10-09 Bitus Uk Limited is no longer carrying the name Bergs Timber (UK).
The company has 4 directors, namely Nigel M., Per M. and Peter N. and others. Of them, Francis P. has been with the company the longest, being appointed on 17 May 2011 and Nigel M. has been with the company for the least time - from 1 August 2019. At the moment there are several former directors listed by the company. In addition, the company lists several former secretaries. The full list of both former directors and former secretaries might be found in the box below.
Office Address | Unit 9 Cirencester Office Park |
Office Address2 | Tetbury Road |
Town | Cirencester |
Post code | GL7 6JJ |
Country of origin | United Kingdom |
Registration Number | 02557017 |
Date of Incorporation | Mon, 12th Nov 1990 |
Industry | Wholesale of wood, construction materials and sanitary equipment |
End of financial Year | 31st December |
Company age | 34 years old |
Account next due date | Mon, 30th Sep 2024 (9 days left) |
Account last made up date | Sat, 31st Dec 2022 |
Next confirmation statement due date | Sat, 25th Nov 2023 (2023-11-25) |
Last confirmation statement dated | Fri, 11th Nov 2022 |
The register of PSCs that own or have control over the company includes 1 name. As BizStats researched, there is Continental Wood Limited from Cirencester, United Kingdom. The abovementioned PSC is classified as "a limited", has 75,01-100% voting rights and has 75,01-100% shares. The abovementioned PSC has 75,01-100% voting rights and has 75,01-100% shares.
Continental Wood Limited
Unit 9 Cirencester Office Park, Tetbury Road, Cirencester, Kent, GL7 6JJ, United Kingdom
Legal authority | Uk |
Legal form | Limited |
Country registered | United Kingdom |
Place registered | England & Wales |
Registration number | 05518779 |
Notified on | 6 April 2016 |
Nature of control: |
75,01-100% shares 75,01-100% voting rights right to appoint and remove directors |
Bergs Timber (UK) | October 9, 2023 |
Continental Wood Products | December 4, 2018 |
Profit & Loss | ||||||
---|---|---|---|---|---|---|
Accounts Information Date | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 |
Balance Sheet | ||||||
Cash Bank On Hand | 45 468 | 1 288 | 2 545 | 1 702 | ||
Current Assets | 5 662 207 | 7 795 480 | 8 352 364 | 13 230 954 | 8 173 645 | 5 709 681 |
Debtors | 1 715 355 | 3 339 222 | 5 013 335 | 4 238 882 | 2 851 979 | 2 617 971 |
Net Assets Liabilities | 3 193 097 | 3 130 837 | 4 154 758 | 6 560 994 | 5 548 609 | 4 875 469 |
Property Plant Equipment | 115 331 | 176 613 | 133 222 | 85 922 | 151 333 | 146 745 |
Total Inventories | 3 901 384 | 4 454 970 | 3 336 484 | 8 990 370 | 5 321 666 | |
Other | ||||||
Audit Fees Expenses | 14 700 | 15 200 | 15 475 | 24 450 | 28 600 | 29 000 |
Fees For Non-audit Services | 6 844 | 6 362 | ||||
Accrued Liabilities Deferred Income | 138 388 | 19 019 | 99 897 | 195 114 | 94 392 | 61 504 |
Accumulated Depreciation Impairment Property Plant Equipment | 201 233 | 193 717 | 204 190 | 239 301 | 180 186 | 205 389 |
Additions Other Than Through Business Combinations Property Plant Equipment | 145 864 | 36 961 | 4 365 | 130 746 | 58 065 | |
Administrative Expenses | 964 284 | 938 535 | 1 304 237 | 1 318 814 | 1 260 614 | 1 261 228 |
Amounts Owed By Group Undertakings | 1 215 637 | 1 655 550 | 1 827 985 | 1 022 494 | 1 064 294 | 1 741 721 |
Amounts Owed To Group Undertakings | 217 200 | 2 780 903 | 2 313 473 | 4 908 127 | 1 172 007 | 80 429 |
Average Number Employees During Period | 12 | 11 | 14 | 11 | 13 | 10 |
Bank Borrowings | 135 055 | |||||
Bank Borrowings Overdrafts | 542 999 | 671 944 | 612 555 | 522 555 | 432 555 | 342 555 |
Carrying Amount Under Cost Model Revalued Assets Property Plant Equipment | 17 921 | |||||
Cash Cash Equivalents Cash Flow Value | 45 468 | 1 288 | 2 545 | 1 702 | ||
Cash Flows From Disposal Or Reduction In Control Over Subsidiaries Or Other Businesses | -5 122 | |||||
Comprehensive Income Expense | 260 450 | -62 260 | 1 023 921 | 2 406 236 | -1 012 385 | -673 140 |
Corporation Tax Payable | 45 037 | 479 894 | ||||
Corporation Tax Recoverable | 42 297 | 386 827 | ||||
Cost Sales | 13 659 117 | 12 767 370 | 15 869 713 | 21 145 018 | 14 084 186 | 8 320 053 |
Creditors | 760 199 | 671 944 | 612 555 | 522 555 | 432 555 | 342 555 |
Current Tax For Period | 45 037 | 479 894 | ||||
Deferred Tax Asset Debtors | 631 | 122 | 6 225 | 18 264 | 563 | |
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences | 6 940 | 509 | -6 103 | -12 039 | 17 701 | 9 093 |
Depreciation Expense Property Plant Equipment | 16 047 | 42 345 | ||||
Depreciation Impairment Expense Property Plant Equipment | 30 236 | 49 874 | 56 558 | 49 201 | 51 143 | 60 312 |
Distribution Costs | 100 838 | 124 974 | 91 811 | 142 583 | 169 698 | 192 793 |
Dividends Paid Classified As Financing Activities | -100 000 | |||||
Dividends Paid On Shares Interim | 100 000 | |||||
Factored Debts Outstanding | 373 796 | |||||
Finance Lease Liabilities Present Value Total | 3 290 | |||||
Finance Lease Payments Owing Minimum Gross | 3 290 | |||||
Finished Goods Goods For Resale | 3 901 384 | 4 454 970 | 3 336 484 | 8 990 370 | 5 321 666 | 3 091 710 |
Fixed Assets | 120 453 | 181 735 | 133 222 | |||
Further Item Interest Expense Component Total Interest Expense | 4 025 | |||||
Further Item Operating Expense Loss Income Statement Item Component Operating Profit Loss | 82 980 | |||||
Further Item Tax Increase Decrease Component Adjusting Items | -10 042 | -9 319 | -4 382 | 4 248 | 534 | |
Future Minimum Lease Payments Under Non-cancellable Operating Leases | 109 117 | 99 467 | 30 663 | 25 450 | 147 803 | |
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss | -11 425 | 26 240 | -26 183 | -3 518 | 1 949 | 4 102 |
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables | -2 316 339 | 460 770 | -2 035 160 | |||
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables | 1 582 079 | 1 710 307 | -786 492 | |||
Gain Loss In Cash Flows From Change In Inventories | 553 586 | -1 118 486 | 5 653 886 | |||
Gain Loss On Disposals Other Non-current Assets | 766 239 | |||||
Gain Loss On Disposals Property Plant Equipment | 3 791 | -1 242 | -2 464 | 12 023 | ||
Government Grant Income | 49 794 | |||||
Gross Profit Loss | 1 285 166 | 812 651 | 1 390 009 | 4 237 654 | 182 143 | |
Group Tax Relief Received Paid | 214 895 | |||||
Impairment Loss Reversal On Investments | -766 239 | |||||
Income Taxes Paid Refund Classified As Operating Activities | -12 285 | -60 712 | 42 297 | -614 994 | ||
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation | 5 214 | 44 180 | -1 257 | 843 | 1 702 | |
Increase Decrease In Current Tax From Adjustment For Prior Periods | -26 622 | -251 727 | ||||
Increase From Depreciation Charge For Year Property Plant Equipment | 49 874 | 56 558 | 49 201 | 51 143 | 60 312 | |
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings | 15 102 | 30 575 | 44 586 | 29 019 | 46 590 | |
Interest Expense On Debt Securities In Issue Other Similar Loans | 129 384 | 77 702 | ||||
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts | 1 332 | 363 | ||||
Interest Income From Group Undertakings Participating Interests | 48 981 | 75 378 | 48 969 | 40 471 | 57 864 | 103 634 |
Interest Paid To Group Undertakings | 18 612 | 23 418 | 33 160 | 20 844 | 21 423 | 31 066 |
Interest Payable Similar Charges Finance Costs | 191 837 | 148 367 | 77 746 | 49 863 | 72 038 | 50 160 |
Interest Received Classified As Investing Activities | -48 981 | -75 378 | -48 969 | -40 471 | -57 864 | -120 053 |
Investments Fixed Assets | 5 122 | 5 122 | ||||
Investments In Subsidiaries | 5 122 | 5 122 | ||||
Loans Advances Granted Classified As Investing Activities | 766 239 | |||||
Net Assets Liabilities Subsidiaries | 485 238 | |||||
Net Cash Flows From Used In Financing Activities | -30 426 | 14 487 | 54 780 | 90 000 | 90 000 | 90 000 |
Net Cash Flows From Used In Investing Activities | -883 | 31 987 | -805 921 | -36 106 | 46 667 | -76 988 |
Net Cash Flows From Used In Operating Activities | 36 523 | -2 294 | 749 884 | -53 051 | -134 965 | -13 012 |
Net Cash Generated From Operations | -211 373 | 714 435 | -102 914 | -821 997 | ||
Net Current Assets Liabilities | 3 832 843 | 3 621 046 | 4 634 091 | 6 997 627 | 5 829 831 | 5 079 809 |
Net Finance Income Costs | 48 981 | 75 378 | 48 969 | 40 471 | 57 864 | 120 053 |
Net Interest Paid Received Classified As Operating Activities | -191 837 | -148 367 | -77 746 | -49 863 | -72 038 | -50 160 |
Number Shares Issued Fully Paid | 60 000 | |||||
Operating Profit Loss | -455 283 | 15 384 | ||||
Other Creditors | 65 871 | 62 792 | 132 191 | 201 793 | 142 711 | 68 915 |
Other Debtors Balance Sheet Subtotal | 65 424 | 37 223 | ||||
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment | 57 390 | 46 085 | 14 090 | 110 258 | 35 109 | |
Other Disposals Property Plant Equipment | 92 098 | 69 879 | 16 554 | 124 450 | 37 450 | |
Other Interest Expense | 27 403 | 16 309 | ||||
Other Interest Income | 16 419 | |||||
Other Interest Receivable Similar Income Finance Income | 48 981 | 75 378 | ||||
Other Operating Income Format1 | 235 239 | 235 474 | 286 395 | 107 226 | 98 912 | 63 601 |
Other Taxation Social Security Payable | 367 629 | 317 190 | 666 906 | 42 755 | 583 890 | 79 126 |
Par Value Share | 1 | |||||
Payments Finance Lease Liabilities Classified As Financing Activities | -12 667 | -3 290 | ||||
Pension Other Post-employment Benefit Costs Other Pension Costs | 24 961 | 26 269 | 50 932 | 64 783 | 68 017 | 62 986 |
Percentage Class Share Held In Subsidiary | 100 | |||||
Prepayments Accrued Income | 59 867 | 59 344 | 216 959 | 153 596 | 224 346 | 97 985 |
Proceeds From Borrowings Classified As Financing Activities | 135 055 | 757 335 | ||||
Proceeds From Sales Or Maturity Financial Assets Held For Trading Trading Investments | -766 239 | |||||
Proceeds From Sales Property Plant Equipment | -38 499 | -22 552 | -26 215 | -15 000 | ||
Profit Loss | 260 450 | -62 260 | 1 023 921 | 2 406 236 | -1 012 385 | -673 140 |
Profit Loss On Ordinary Activities Before Tax | 312 427 | -88 373 | 1 017 818 | 2 874 091 | -1 246 411 | -878 942 |
Profit Loss Subsidiaries | 220 233 | |||||
Property Plant Equipment Gross Cost | 316 564 | 370 330 | 337 412 | 325 223 | 331 519 | 352 134 |
Purchase Property Plant Equipment | -48 098 | -145 864 | -36 961 | -4 365 | -130 746 | -58 065 |
Repayments Borrowings Classified As Financing Activities | 91 962 | 768 532 | -54 780 | -90 000 | ||
Social Security Costs | 83 542 | 81 488 | 95 296 | 86 356 | 102 554 | |
Staff Costs Employee Benefits Expense | 760 935 | 659 488 | 942 380 | 923 528 | 919 855 | 842 954 |
Taxation Including Deferred Taxation Balance Sheet Subtotal | 8 530 | |||||
Tax Decrease Increase From Effect Revenue Exempt From Taxation | 145 585 | |||||
Tax Increase Decrease Arising From Group Relief Tax Reconciliation | -7 811 | -45 730 | -65 293 | |||
Tax Increase Decrease From Effect Different Tax Rates On Some Earnings | -816 | -1 240 | ||||
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss | 1 243 | 1 960 | 1 146 | 1 233 | 274 | 405 |
Tax Tax Credit On Profit Or Loss On Ordinary Activities | 51 977 | -26 113 | -6 103 | 467 855 | -234 026 | -205 802 |
Total Assets Less Current Liabilities | 3 953 296 | 3 802 781 | 4 767 313 | 7 083 549 | 5 981 164 | 5 226 554 |
Total Current Tax Expense Credit | 45 037 | -26 622 | 479 894 | -251 727 | -214 895 | |
Total Operating Lease Payments | 24 229 | 25 746 | ||||
Trade Creditors Trade Payables | 666 653 | 909 139 | 415 806 | 315 644 | 260 814 | 249 898 |
Trade Debtors Trade Receivables | 1 544 686 | 2 960 963 | 2 312 710 | 1 173 837 | 777 573 | |
Turnover Revenue | 14 944 283 | 13 580 021 | 17 259 722 | 25 382 672 | 14 266 329 | |
Wages Salaries | 652 432 | 551 731 | 796 152 | 772 389 | 749 284 | 693 254 |
Company Contributions To Defined Benefit Plans Directors | 12 972 | 14 306 | 28 007 | 34 443 | 29 126 | |
Director Remuneration | 329 130 | 226 833 | 333 410 | 350 470 | 292 895 | 278 028 |
Director Remuneration Benefits Including Payments To Third Parties | 306 164 | 361 417 | 384 913 | 322 021 | 306 801 | |
Further Item Director Remuneration Benefits Component Total Director Remuneration Benefits Excluding Payments To Third Parties | 65 025 |
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AA |
Full accounts data made up to 2022-12-31 filed on: 27th, July 2023 |
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