Founded in 1969, Destec Engineering, classified under reg no. 00946573 is an active company. Currently registered at Destec Five Mile Lane LN4 1AF, Lincoln the company has been in the business for fifty five years. Its financial year was closed on 28th February and its latest financial statement was filed on February 28, 2022.
At present there are 3 directors in the the company, namely Karyn A., John M. and Barry P.. In addition one secretary - Karyn A. - is with the firm. As of 17 April 2024, there was 1 ex director - Janet P.. There were no ex secretaries.
Office Address | Destec Five Mile Lane |
Office Address2 | Washingborough |
Town | Lincoln |
Post code | LN4 1AF |
Country of origin | United Kingdom |
Registration Number | 00946573 |
Date of Incorporation | Thu, 23rd Jan 1969 |
Industry | Manufacture of other fabricated metal products n.e.c. |
End of financial Year | 28th February |
Company age | 55 years old |
Account next due date | Thu, 30th Nov 2023 (139 days after) |
Account last made up date | Mon, 28th Feb 2022 |
Next confirmation statement due date | Fri, 22nd Dec 2023 (2023-12-22) |
Last confirmation statement dated | Thu, 8th Dec 2022 |
The register of PSCs who own or control the company includes 2 names. As we discovered, there is John M. The abovementioned PSC and has 25-50% shares. The second one in the persons with significant control register is Barry P. This PSC owns 50,01-75% shares.
John M.
Notified on | 6 April 2016 |
Nature of control: |
25-50% shares |
Barry P.
Notified on | 6 April 2016 |
Nature of control: |
50,01-75% shares |
Profit & Loss | |||||
---|---|---|---|---|---|
Accounts Information Date | 2019-02-28 | 2020-02-29 | 2021-02-28 | 2022-02-28 | 2023-02-28 |
Balance Sheet | |||||
Cash Bank On Hand | 6 249 939 | 3 253 387 | 3 872 273 | 776 967 | 1 904 457 |
Current Assets | 11 300 439 | 11 509 090 | 9 543 927 | 9 603 763 | 14 078 351 |
Debtors | 2 443 460 | 5 433 147 | 2 746 606 | 5 963 248 | 9 304 283 |
Net Assets Liabilities | 12 788 815 | 13 185 471 | 12 490 801 | 12 198 609 | 15 732 735 |
Other Debtors | 10 000 | 2 304 172 | 211 083 | ||
Property Plant Equipment | 3 184 258 | 3 006 245 | 3 773 868 | 3 969 369 | 4 120 172 |
Total Inventories | 2 607 040 | 2 822 556 | 2 925 048 | 2 863 548 | 2 869 611 |
Other | |||||
Audit Fees Expenses | 9 000 | 9 000 | 12 500 | ||
Auditing Accounts Associates Service To Entity Subsidiaries Fees | 12 500 | 18 205 | 22 000 | ||
Accrued Liabilities Deferred Income | 78 721 | 53 875 | 83 653 | ||
Accumulated Depreciation Impairment Property Plant Equipment | 5 139 263 | 5 444 741 | 5 835 959 | 6 254 615 | 6 719 716 |
Additions Other Than Through Business Combinations Property Plant Equipment | 171 959 | 1 158 841 | 640 897 | ||
Administration Support Average Number Employees | 16 | 17 | 16 | 6 | 8 |
Administrative Expenses | 2 118 186 | 2 038 697 | 1 500 181 | 2 258 991 | 2 342 719 |
Amounts Owed By Related Parties | 2 083 238 | 748 238 | |||
Amounts Owed To Directors | 229 268 | 312 518 | 328 669 | ||
Applicable Tax Rate | 19 | 19 | 19 | ||
Average Number Employees During Period | 83 | 85 | 83 | 82 | 88 |
Balances With Banks | 6 249 939 | 3 253 387 | 3 872 247 | ||
Capital Commitments | 432 086 | ||||
Cash Cash Equivalents | 3 253 387 | 3 872 273 | |||
Cash Cash Equivalents Cash Flow Value | 6 249 939 | 3 253 387 | |||
Cash On Hand | 26 | ||||
Cash Receipts From Repayment Loans Advances Classified As Investing Activities | -2 073 238 | -365 000 | |||
Comprehensive Income Expense | 688 704 | 546 656 | -544 670 | -142 192 | 3 534 126 |
Corporation Tax Payable | 521 705 | ||||
Cost Sales | 5 017 244 | 5 296 247 | 5 469 474 | 4 976 375 | 8 138 695 |
Creditors | 1 536 792 | 1 197 506 | 783 757 | 1 056 237 | 1 915 808 |
Current Tax For Period | 163 070 | 25 458 | -164 323 | 521 705 | |
Decrease Increase In Estimate Recoverable Deferred Tax Asset | -1 291 | -26 632 | 134 817 | ||
Deferred Tax Expense Credit From Unrecognised Timing Difference From Prior Period | 133 034 | ||||
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences | 134 817 | 51 111 | 231 694 | ||
Depreciation Amortisation Expense | 385 463 | 343 397 | 391 218 | ||
Depreciation Expense Property Plant Equipment | 385 463 | 343 397 | 391 218 | 440 820 | 507 849 |
Disposals Decrease In Depreciation Impairment Property Plant Equipment | -37 919 | 22 164 | 42 748 | ||
Disposals Property Plant Equipment | -44 494 | 26 740 | 52 460 | ||
Distribution Average Number Employees | 16 | 16 | |||
Distribution Costs | 495 002 | 411 447 | 369 419 | ||
Dividend Per Share Interim | 6 | 6 | 6 | ||
Dividends Paid | -150 000 | -150 000 | -150 000 | 150 000 | |
Dividends Paid Classified As Financing Activities | -150 000 | -150 000 | 150 000 | ||
Finished Goods | 1 219 974 | ||||
Finished Goods Goods For Resale | 970 384 | 938 226 | 1 219 974 | ||
Fixed Assets | 3 184 258 | 3 006 345 | 3 773 968 | 3 969 469 | 4 120 272 |
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables | -105 812 | 290 896 | 523 007 | ||
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables | -775 396 | 2 989 687 | -1 351 541 | ||
Gain Loss In Cash Flows From Change In Inventories | 19 044 | 215 516 | 102 492 | 61 500 | -6 063 |
Gain Loss On Disposals Property Plant Equipment | 1 580 | 3 467 | 6 424 | 1 788 | |
Gain Loss On Non-financing Activities Due To Foreign Exchange Differences Recognised In Profit Or Loss | 67 804 | -42 909 | 97 796 | ||
Gross Profit Loss | 3 454 076 | 2 983 125 | 1 249 438 | 2 199 443 | 6 635 778 |
Income Expense Recognised Directly In Equity | -150 000 | -150 000 | |||
Income Taxes Paid Refund Classified As Operating Activities | 130 322 | 73 848 | -49 643 | 50 356 | -21 565 |
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation | 1 542 235 | -2 996 552 | 618 886 | ||
Increase Decrease In Current Tax From Adjustment For Prior Periods | 16 | 72 618 | 5 816 | ||
Increase Decrease In Existing Provisions | 134 817 | 51 111 | 231 694 | ||
Increase Decrease In Net Debt From Cash Flows | -2 996 552 | ||||
Increase Decrease In Provisions Through Transfers Reclassifications | -26 632 | ||||
Increase From Depreciation Charge For Year Property Plant Equipment | 343 397 | 391 218 | 440 820 | 507 849 | |
Interest Income On Bank Deposits | 9 595 | 12 501 | 45 986 | 41 085 | 282 |
Interest Received Classified As Investing Activities | 9 595 | 12 501 | 45 986 | ||
Interest Received Classified As Operating Activities | 9 595 | 12 501 | 45 986 | 41 085 | 282 |
Investments | 100 | 100 | 100 | ||
Investments Fixed Assets | 100 | 100 | 100 | 100 | |
Investments In Associates | 100 | 100 | |||
Loans Advances Granted Classified As Investing Activities | 1 700 000 | ||||
Net Cash Flows From Used In Investing Activities | -264 378 | -149 516 | 222 145 | ||
Net Cash Flows From Used In Operating Activities | 1 956 613 | -2 697 036 | 546 741 | ||
Net Cash Generated From Operations | 2 086 935 | -2 623 188 | 497 098 | ||
Net Cash Inflow Outflow From Operations Before Movements In Working Capital | 1 224 771 | 872 911 | -228 944 | ||
Net Current Assets Liabilities | 9 763 647 | 10 311 584 | 8 984 108 | 8 547 526 | 12 162 543 |
Net Debt Funds | 6 249 939 | 3 253 387 | |||
Number Shares Issued Fully Paid | 25 000 | 25 000 | 25 000 | ||
Operating Profit Loss | -620 162 | -59 548 | 4 293 059 | ||
Other Creditors | 513 198 | 308 308 | 5 330 | ||
Other Interest Receivable Similar Income Finance Income | 9 595 | 12 501 | 45 986 | 41 085 | 282 |
Other Investments Other Than Loans | 100 | 100 | 100 | ||
Other Payables Accrued Expenses | 158 618 | 119 223 | 78 721 | ||
Other Taxation Social Security Payable | 101 600 | 131 086 | 252 029 | ||
Par Value Share | 1 | 1 | |||
Payments To Acquire Interests In Joint Ventures Associates Participating Interests Classified As Investing Activities | -100 | ||||
Pension Costs Defined Contribution Plan | 106 792 | 93 499 | 98 245 | ||
Pension Other Post-employment Benefit Costs Other Pension Costs | 98 245 | 98 876 | 101 061 | ||
Prepayments | 16 778 | 61 678 | 3 620 | ||
Prepayments Accrued Income | 3 620 | 4 078 | 39 852 | ||
Proceeds From Sales Property Plant Equipment | 3 800 | 10 042 | 11 000 | 11 500 | |
Production Average Number Employees | 61 | 62 | 61 | 60 | 64 |
Profit Loss | 688 704 | 546 656 | -544 670 | -142 192 | 3 534 126 |
Profit Loss On Ordinary Activities Before Tax | 850 483 | 545 482 | -574 176 | -18 463 | 4 293 341 |
Property Plant Equipment Gross Cost | 8 323 521 | 8 450 986 | 9 609 827 | 10 223 984 | 7 564 424 |
Provisions | 159 090 | 132 458 | 267 275 | 318 386 | 550 080 |
Provisions For Liabilities Balance Sheet Subtotal | 159 090 | 132 458 | 267 275 | 318 386 | 550 080 |
Purchase Property Plant Equipment | -277 773 | -171 959 | -1 158 841 | 640 897 | 954 653 |
Raw Materials | 1 556 776 | ||||
Raw Materials Consumables | 1 541 170 | 1 562 574 | 1 556 776 | ||
Revenue From Sale Goods | 8 471 320 | 8 279 372 | 6 718 912 | ||
Selling Average Number Employees | 6 | 6 | 6 | ||
Social Security Costs | 363 064 | 329 173 | 308 557 | 332 882 | 433 057 |
Staff Costs Employee Benefits Expense | 3 863 068 | 3 804 152 | 3 384 863 | 3 638 551 | 4 445 359 |
Taxation Social Security Payable | 163 830 | 143 836 | 101 600 | ||
Tax Expense Credit Applicable Tax Rate | 161 592 | 103 642 | -109 093 | -3 508 | 815 735 |
Tax Increase Decrease From Effect Adjustment In Research Development Tax Credit | -89 222 | -60 212 | |||
Tax Increase Decrease From Effect Capital Allowances Depreciation | -19 106 | 6 722 | |||
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss | 171 | 3 512 | 43 | ||
Tax Increase Decrease From Effect Unrelieved Tax Losses Carried Forward | 204 241 | ||||
Tax Tax Credit On Profit Or Loss On Ordinary Activities | 161 779 | -1 174 | -29 506 | 123 729 | 759 215 |
Total Additions Including From Business Combinations Property Plant Equipment | 660 943 | ||||
Total Assets Less Current Liabilities | 12 947 905 | 13 317 929 | 12 758 076 | 12 516 995 | 16 282 815 |
Trade Creditors Trade Payables | 538 076 | 511 459 | 374 168 | 558 758 | 729 752 |
Trade Debtors Trade Receivables | 1 255 916 | 1 971 012 | 623 366 | 1 319 648 | 2 456 878 |
Turnover Revenue | 8 471 320 | 8 279 372 | 6 718 912 | 7 175 818 | 14 774 473 |
Wages Salaries | 3 393 212 | 3 381 480 | 2 978 061 | 3 206 793 | 3 911 241 |
Work In Progress | 95 486 | 321 756 | 148 298 | ||
Company Contributions To Money Purchase Plans Directors | 5 048 | 5 271 | 6 837 | 6 980 | 7 236 |
Director Remuneration | 274 012 | 288 757 | 335 036 | 343 802 | 513 986 |
Director Remuneration Benefits Excluding Payments To Third Parties | 341 873 | 350 782 | 521 222 |
Type | Category | Free download | |
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AA |
Full accounts data made up to February 28, 2022 filed on: 28th, February 2023 |
accounts | Free Download (31 pages) |
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