Founded in 1994, Cultech, classified under reg no. 02908777 is an active company. Currently registered at Unit 2 Christchurch Road SA12 7BZ, Port Talbot the company has been in the business for 30 years. Its financial year was closed on Tuesday 31st December and its latest financial statement was filed on 2021/12/31. Since 1997/09/29 Cultech Ltd is no longer carrying the name Cultec.
The firm has 2 directors, namely Susan P., Nigel P.. Of them, Nigel P. has been with the company the longest, being appointed on 1 March 1995 and Susan P. has been with the company for the least time - from 1 April 1997. Currently there are a few former directors listed by the firm. Similarly, the firm lists a few former secretaries. The full list of both former directors and former secretaries might be found in the table below.
Office Address | Unit 2 Christchurch Road |
Office Address2 | Baglan Industrial Estate |
Town | Port Talbot |
Post code | SA12 7BZ |
Country of origin | United Kingdom |
Registration Number | 02908777 |
Date of Incorporation | Wed, 16th Mar 1994 |
Industry | Other manufacturing n.e.c. |
End of financial Year | 31st December |
Company age | 30 years old |
Account next due date | Sun, 31st Dec 2023 (89 days after) |
Account last made up date | Fri, 31st Dec 2021 |
Next confirmation statement due date | Sat, 30th Mar 2024 (2024-03-30) |
Last confirmation statement dated | Thu, 16th Mar 2023 |
The register of persons with significant control who own or control the company includes 3 names. As BizStats found, there is Nigel P. This PSC has significiant influence or control over the company,. The second one in the persons with significant control register is Susan P. This PSC has significiant influence or control over the company,. Then there is Peter Q., who also meets the Companies House conditions to be categorised as a PSC. This PSC has significiant influence or control over the company,.
Nigel P.
Notified on | 16 March 2017 |
Nature of control: |
significiant influence or control |
Susan P.
Notified on | 16 March 2017 |
Nature of control: |
significiant influence or control |
Peter Q.
Notified on | 16 March 2017 |
Ceased on | 13 August 2017 |
Nature of control: |
significiant influence or control |
Cultec | September 29, 1997 |
Profit & Loss | ||||||
---|---|---|---|---|---|---|
Accounts Information Date | 2017-12-31 | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 |
Balance Sheet | ||||||
Cash Bank On Hand | 315 543 | 618 482 | 395 764 | 621 153 | 2 026 495 | 1 232 821 |
Current Assets | 14 739 886 | 18 395 117 | 14 619 007 | 14 343 825 | 22 281 648 | 21 447 214 |
Debtors | 8 240 351 | 9 843 854 | 7 916 970 | 7 008 662 | 9 940 596 | 10 299 580 |
Net Assets Liabilities | 6 496 668 | 7 343 385 | 7 756 126 | 8 954 073 | 10 108 913 | 8 970 368 |
Other Debtors | 1 221 829 | 2 664 885 | 1 655 651 | 245 182 | 2 279 569 | 630 606 |
Property Plant Equipment | 3 421 799 | 4 019 462 | 4 000 983 | 4 222 540 | 5 066 237 | 5 159 516 |
Total Inventories | 6 183 992 | 7 932 781 | 6 306 273 | 6 714 010 | 10 314 557 | |
Other | ||||||
Audit Fees Expenses | 12 000 | 12 000 | 12 000 | 12 400 | 12 900 | 16 500 |
Accrued Liabilities Deferred Income | 1 250 517 | 2 067 058 | 2 276 618 | 1 421 832 | 2 396 496 | 2 604 229 |
Accumulated Amortisation Impairment Intangible Assets | 536 837 | 536 837 | 536 837 | 536 837 | 536 837 | |
Accumulated Depreciation Impairment Property Plant Equipment | 3 362 124 | 4 067 100 | 4 876 672 | 5 713 960 | 6 867 266 | 8 041 882 |
Additions Other Than Through Business Combinations Property Plant Equipment | 1 302 639 | 813 356 | 1 246 509 | 2 000 180 | 1 272 895 | |
Administrative Expenses | 10 335 751 | 11 771 771 | 12 117 045 | 14 070 813 | 14 553 564 | 16 584 093 |
Amounts Owed By Group Undertakings | 2 121 340 | 2 115 406 | 2 557 803 | 2 390 737 | 2 148 330 | 2 409 533 |
Amounts Owed To Group Undertakings | 11 517 | |||||
Average Number Employees During Period | 250 | 263 | 288 | 310 | ||
Bank Borrowings | 650 248 | 295 909 | 43 389 | 933 756 | 886 025 | 835 755 |
Bank Borrowings Overdrafts | 304 978 | 44 475 | 43 389 | 886 025 | 835 755 | 782 944 |
Bank Overdrafts | 183 033 | |||||
Carrying Amount Under Cost Model Revalued Assets Property Plant Equipment | 378 896 | 800 422 | 622 679 | 633 428 | 1 030 667 | 1 289 498 |
Cash Cash Equivalents Cash Flow Value | 132 510 | 618 482 | 395 764 | 621 153 | 2 026 495 | 1 232 821 |
Corporation Tax Recoverable | 111 056 | 111 056 | 237 200 | 738 139 | ||
Cost Sales | 19 773 194 | 24 110 954 | 19 699 481 | 22 267 876 | 21 840 652 | 25 872 257 |
Creditors | 435 775 | 543 924 | 541 572 | 1 747 359 | 2 062 950 | 1 810 527 |
Current Tax For Period | -111 056 | -237 200 | -477 732 | |||
Deferred Tax Asset Debtors | 102 788 | 138 025 | 59 521 | |||
Deferred Tax Expense Credit From Unrecognised Timing Difference From Prior Period | 2 552 | 148 704 | ||||
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences | 25 525 | 2 552 | -42 719 | -48 601 | 159 539 | 137 272 |
Depreciation Expense Property Plant Equipment | 382 052 | 90 639 | 177 743 | 664 762 | ||
Depreciation Impairment Expense Property Plant Equipment | 704 976 | 830 515 | 958 477 | 1 156 065 | 1 177 116 | |
Dividends Paid | 300 000 | 115 000 | 66 000 | 400 000 | ||
Dividends Paid Classified As Financing Activities | -300 000 | -115 000 | -66 000 | -400 000 | ||
Dividends Paid On Shares Final | 115 000 | 66 000 | 400 000 | |||
Finance Lease Liabilities Present Value Total | 130 797 | 415 227 | 531 016 | 481 209 | 810 357 | 836 677 |
Finance Lease Payments Owing Minimum Gross | 232 433 | 611 336 | 786 050 | 728 170 | 1 228 051 | 1 319 232 |
Finished Goods Goods For Resale | 1 349 490 | 1 592 695 | 1 194 173 | 758 320 | 1 574 015 | 2 141 644 |
Further Item Cash Flow From Used In Financing Activities Component Net Cash Flows From Used In Financing Activities | 26 057 | 354 339 | 252 520 | -960 000 | 47 731 | 50 270 |
Further Item Deferred Expense Credit Component Total Deferred Tax Expense | 148 704 | |||||
Further Item Tax Increase Decrease Component Adjusting Items | -78 177 | 13 874 | 10 356 | -64 400 | ||
Future Minimum Lease Payments Under Non-cancellable Operating Leases | 56 091 | 32 055 | 9 576 | 8 457 | 31 661 | |
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss | 39 268 | -175 566 | -96 439 | 158 455 | -52 970 | -543 722 |
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables | -3 411 205 | 4 013 140 | 2 464 579 | -6 636 059 | -418 318 | |
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables | 1 603 503 | -2 037 940 | -1 011 096 | 2 770 553 | -172 204 | |
Gain Loss In Cash Flows From Change In Inventories | 1 748 789 | -1 626 508 | 407 737 | 3 600 547 | -399 744 | |
Gain Loss On Disposals Property Plant Equipment | 1 340 | -31 361 | 210 | |||
Government Grant Income | 107 798 | 32 999 | ||||
Gross Profit Loss | 11 224 612 | 12 887 638 | 12 775 577 | 15 514 363 | 16 407 107 | |
Income From Related Parties | 10 265 556 | 8 892 293 | 8 573 225 | 7 880 705 | 3 202 419 | |
Income Taxes Paid Refund Classified As Operating Activities | 7 957 | 111 056 | ||||
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation | -485 972 | 222 718 | -225 389 | -1 405 342 | ||
Increase Decrease In Current Tax From Adjustment For Prior Periods | -23 207 | |||||
Increase From Depreciation Charge For Year Property Plant Equipment | 704 976 | 830 515 | 958 477 | 1 156 065 | 1 177 116 | |
Intangible Assets Gross Cost | 536 837 | 536 837 | 536 837 | 536 837 | 536 837 | |
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings | 57 580 | 87 888 | 119 216 | 166 461 | 201 768 | |
Interest Expense On Debt Securities In Issue Other Similar Loans | 151 976 | 163 027 | 127 741 | 127 081 | 139 619 | 288 675 |
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts | 11 781 | 15 683 | 37 754 | 42 460 | 67 976 | |
Interest Payable Similar Charges Finance Costs | 221 337 | 266 598 | 284 711 | 336 002 | 409 363 | 695 246 |
Net Cash Flows From Used In Financing Activities | 379 254 | 629 843 | -856 284 | 388 412 | ||
Net Cash Flows From Used In Investing Activities | 747 932 | 448 664 | 974 859 | 1 215 295 | ||
Net Cash Flows From Used In Operating Activities | -1 613 158 | -855 788 | -343 964 | -3 009 049 | -816 274 | |
Net Cash Generated From Operations | -1 879 756 | -1 140 499 | -3 307 356 | -1 511 520 | ||
Net Current Assets Liabilities | 3 775 498 | 4 135 253 | 4 521 402 | 6 757 766 | 7 579 276 | 6 302 501 |
Net Interest Paid Received Classified As Operating Activities | -221 337 | -266 598 | -284 711 | -336 002 | -409 363 | -695 246 |
Operating Profit Loss | 958 469 | 1 115 867 | 658 677 | 1 551 348 | 1 886 542 | |
Other Creditors | 3 267 304 | 5 649 619 | 3 986 596 | 3 030 796 | 7 615 100 | 7 587 326 |
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment | 20 943 | 121 189 | 2 759 | 2 500 | ||
Other Disposals Property Plant Equipment | 22 263 | 187 664 | 3 177 | 5 000 | ||
Other Operating Income Format1 | 69 608 | 145 | 107 798 | 32 999 | 46 379 | |
Other Remaining Borrowings | 150 889 | 77 223 | 403 556 | 747 251 | 477 940 | |
Other Taxation Social Security Payable | 122 020 | 144 018 | 267 707 | 329 785 | 209 647 | 308 227 |
Payments Finance Lease Liabilities Classified As Financing Activities | -175 803 | -188 656 | -294 415 | -284 376 | -448 481 | |
Pension Other Post-employment Benefit Costs Other Pension Costs | 176 367 | 147 437 | 206 825 | 232 231 | 274 097 | 337 747 |
Prepayments Accrued Income | 198 436 | 226 149 | 233 231 | 270 346 | 275 046 | 315 366 |
Proceeds From Borrowings Classified As Financing Activities | -200 000 | -400 000 | -400 000 | |||
Proceeds From Sales Or Maturity Financial Assets Other Than Trading Investments | -32 829 | |||||
Proceeds From Sales Property Plant Equipment | -2 000 | -1 | -1 322 | -35 114 | -628 | -100 |
Profit Loss | 711 607 | 846 717 | 527 741 | 1 263 947 | 1 554 840 | -1 138 545 |
Profit Loss On Ordinary Activities Before Tax | 737 132 | 849 269 | 373 966 | 1 215 346 | 1 477 179 | -1 353 508 |
Property Plant Equipment Gross Cost | 6 783 923 | 8 086 562 | 8 877 655 | 9 936 500 | 11 933 503 | 13 201 398 |
Provisions For Liabilities Balance Sheet Subtotal | 264 854 | 267 406 | 224 687 | |||
Purchase Other Long-term Assets Classified As Investing Activities | -108 753 | |||||
Purchase Property Plant Equipment | -1 029 423 | -747 933 | -449 986 | -1 009 973 | -1 215 923 | -733 233 |
Raw Materials Consumables | 3 867 021 | 5 209 706 | 4 087 641 | 5 145 696 | 7 639 492 | |
Repayments Borrowings Classified As Financing Activities | -56 305 | -269 311 | ||||
Social Security Costs | 419 395 | 498 287 | 556 340 | 664 387 | 764 808 | |
Staff Costs Employee Benefits Expense | 5 849 136 | 6 350 245 | 7 009 130 | 8 346 780 | 9 141 065 | 10 504 828 |
Taxation Including Deferred Taxation Balance Sheet Subtotal | 264 854 | 267 406 | 224 687 | 278 874 | 473 650 | 681 122 |
Tax Decrease Increase From Effect Revenue Exempt From Taxation | 9 614 | |||||
Tax Expense Credit Applicable Tax Rate | 161 361 | 71 054 | 230 916 | 280 664 | -257 167 | |
Tax Increase Decrease Arising From Group Relief Tax Reconciliation | -885 | 147 090 | ||||
Tax Increase Decrease From Effect Adjustment In Research Development Tax Credit | -153 850 | -191 317 | -170 606 | -293 907 | -392 955 | -209 888 |
Tax Increase Decrease From Effect Capital Allowances Depreciation | 11 678 | 23 564 | ||||
Tax Increase Decrease From Effect Different Tax Rates On Some Earnings | -81 120 | 32 945 | ||||
Tax Increase Decrease From Effect Different U K Tax Rates On Some Earnings | 3 002 | |||||
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss | 25 525 | 6 392 | 23 954 | 10 130 | 10 960 | |
Tax Tax Credit On Profit Or Loss On Ordinary Activities | 25 525 | 2 552 | -153 775 | -48 601 | -77 661 | -214 963 |
Total Assets Less Current Liabilities | 7 197 297 | 8 154 715 | 8 522 385 | 10 980 306 | 12 645 513 | 11 462 017 |
Total Borrowings | 304 978 | 446 798 | 120 612 | 1 337 312 | 1 633 276 | 1 313 695 |
Total Current Tax Expense Credit | -237 200 | -500 939 | ||||
Total Deferred Tax Expense Credit | 159 539 | 285 976 | ||||
Total Operating Lease Payments | 185 735 | 217 352 | 235 879 | 222 248 | 303 682 | |
Trade Creditors Trade Payables | 5 694 608 | 5 884 959 | 3 201 594 | 2 474 006 | 3 682 752 | 3 822 531 |
Trade Debtors Trade Receivables | 4 698 746 | 4 837 414 | 3 359 229 | 3 888 553 | 4 862 426 | 6 146 415 |
Transfers To From Non-current Assets Or Disposal Groups Held For Sale Property Plant Equipment | -234 947 | -5 198 | 24 421 | -1 061 657 | ||
Turnover Revenue | 30 997 806 | 36 998 592 | 32 475 058 | 37 782 239 | 38 247 759 | |
Wages Salaries | 5 253 374 | 5 704 521 | 6 245 965 | 7 450 162 | 8 102 160 | 9 258 352 |
Work In Progress | 1 130 380 | 1 024 459 | 809 994 | 1 101 050 | ||
Company Contributions To Defined Benefit Plans Directors | 80 000 | 4 000 | 4 000 | |||
Director Remuneration | 15 392 | |||||
Director Remuneration Benefits Including Payments To Third Parties | 19 392 | 19 392 |
Type | Category | Free download | |
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AA |
Full accounts for the period ending 2022/12/31 filed on: 22nd, December 2023 |
accounts | Free Download (37 pages) |
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