Hyspec Engineering started in year 2010 as Private Limited Company with registration number SC371408. The Hyspec Engineering company has been functioning successfully for fourteen years now and its status is active. The firm's office is based in Ayrshire at Rigg Street. Postal code: KA3 5AJ. Since Friday 19th March 2010 Hyspec Engineering Limited is no longer carrying the name J-fix Precision Engineering.
The company has 4 directors, namely David W., Waseem K. and Abdulla A. and others. Of them, Abdulla A., Edwin R. have been with the company the longest, being appointed on 11 May 2020 and David W. and Waseem K. have been with the company for the least time - from 28 September 2021. As of 29 April 2024, there were 9 ex directors - Lakhder M., Usama A. and others listed below. There were no ex secretaries.
| Office Address | Rigg Street |
| Office Address2 | Stewarton |
| Town | Ayrshire |
| Post code | KA3 5AJ |
| Country of origin | United Kingdom |
| Registration Number | SC371408 |
| Date of Incorporation | Tue, 19th Jan 2010 |
| Industry | Manufacture of tubes, pipes, hollow profiles and related fittings, of steel |
| End of financial Year | 31st December |
| Company age | 14 years old |
| Account next due date | Mon, 30th Sep 2024 (154 days left) |
| Account last made up date | Sat, 31st Dec 2022 |
| Next confirmation statement due date | Mon, 23rd Oct 2023 (2023-10-23) |
| Last confirmation statement dated | Sun, 9th Oct 2022 |
Position: Director
Appointed: 28 September 2021
Position: Director
Appointed: 28 September 2021
Position: Director
Appointed: 11 May 2020
Position: Director
Appointed: 11 May 2020
The register of PSCs who own or control the company includes 1 name. As we identified, there is Mohamed A. This PSC.
Mohamed A.
| Notified on | 18 January 2017 |
| Nature of control: |
right to appoint and remove directors |
| J-fix Precision Engineering | March 19, 2010 |
| Hms (815) | February 2, 2010 |
| Profit & Loss | |||||
|---|---|---|---|---|---|
| Accounts Information Date | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 |
| Balance Sheet | |||||
| Cash Bank On Hand | 35 693 | 105 224 | 66 588 | 70 741 | 25 243 |
| Current Assets | 5 270 761 | 4 414 177 | 3 116 355 | 2 894 287 | 4 392 275 |
| Debtors | 4 474 207 | 3 340 009 | 2 593 106 | 2 361 502 | 3 236 210 |
| Net Assets Liabilities | 1 895 860 | 1 428 656 | 1 078 203 | 251 623 | -925 043 |
| Other Debtors | 2 414 | 121 179 | 92 490 | ||
| Property Plant Equipment | 574 193 | 527 967 | 479 970 | 431 973 | 383 976 |
| Total Inventories | 760 861 | 968 944 | 456 661 | 462 044 | |
| Other | |||||
| Audit Fees Expenses | 18 000 | 12 500 | 12 500 | 12 500 | 12 500 |
| Accrued Liabilities Deferred Income | 356 166 | 201 141 | 148 526 | 82 140 | 157 700 |
| Accumulated Depreciation Impairment Property Plant Equipment | 174 543 | 224 709 | 272 706 | 320 703 | 368 700 |
| Additions Other Than Through Business Combinations Property Plant Equipment | 3 940 | ||||
| Administrative Expenses | 2 255 621 | 3 021 448 | 2 957 820 | 2 469 759 | 2 733 780 |
| Amounts Owed By Group Undertakings | 2 261 689 | 912 142 | 792 219 | 1 185 037 | 275 946 |
| Amounts Owed To Group Undertakings | 98 733 | ||||
| Average Number Employees During Period | 85 | 107 | 114 | 96 | 89 |
| Bank Borrowings | 50 000 | 47 500 | 37 500 | ||
| Bank Borrowings Overdrafts | 46 667 | 37 500 | 27 500 | ||
| Carrying Amount Under Cost Model Revalued Assets Property Plant Equipment | 574 193 | 527 967 | 479 970 | 431 973 | 383 976 |
| Comprehensive Income Expense | -73 960 | 732 796 | |||
| Corporation Tax Recoverable | 28 293 | 112 298 | 58 830 | 58 830 | |
| Cost Sales | 4 217 311 | 6 668 037 | 5 489 560 | 3 732 313 | 5 077 744 |
| Creditors | 748 153 | 745 786 | 789 811 | 1 170 122 | 1 033 716 |
| Current Tax For Period | 6 734 | -105 507 | -58 830 | ||
| Depreciation Expense Property Plant Equipment | 50 014 | 50 166 | 47 997 | 47 997 | |
| Dividends Paid | 1 200 000 | ||||
| Dividends Paid On Shares Interim | 1 200 000 | ||||
| Finance Lease Liabilities Present Value Total | 748 153 | 745 786 | 743 144 | 1 132 622 | 1 006 216 |
| Finance Lease Payments Owing Minimum Gross | 750 274 | 748 153 | 745 786 | 1 270 241 | 1 144 177 |
| Finished Goods Goods For Resale | 18 724 | 44 528 | 43 938 | 43 811 | 44 085 |
| Further Item Tax Increase Decrease Component Adjusting Items | 6 734 | 1 487 | 440 | ||
| Future Minimum Lease Payments Under Non-cancellable Operating Leases | 53 669 | 59 766 | 31 945 | 14 734 | 23 646 |
| Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss | -56 | -300 | -55 | 2 | |
| Government Grant Income | 368 325 | 515 918 | |||
| Gross Profit Loss | 2 274 240 | 3 637 878 | 2 229 946 | 1 113 730 | |
| Increase Decrease In Current Tax From Adjustment For Prior Periods | -47 015 | 6 791 | 181 159 | ||
| Increase From Depreciation Charge For Year Property Plant Equipment | 50 166 | 47 997 | 47 997 | 47 997 | |
| Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings | 33 880 | 46 003 | 19 302 | 15 832 | |
| Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts | 82 850 | 82 629 | 82 366 | 24 888 | |
| Interest Payable Similar Charges Finance Costs | 116 730 | 128 632 | 101 668 | 40 720 | 155 627 |
| Net Current Assets Liabilities | 2 069 820 | 1 646 475 | 1 388 044 | 989 772 | -275 303 |
| Operating Profit Loss | 49 504 | 708 906 | -300 824 | -785 860 | |
| Other Creditors | 1 672 734 | 1 284 139 | 919 123 | 899 495 | 2 315 651 |
| Other Operating Income Format1 | 30 885 | 92 476 | 427 050 | 570 169 | 139 329 |
| Other Taxation Social Security Payable | 191 748 | 180 550 | 249 189 | 163 998 | 126 759 |
| Pension Other Post-employment Benefit Costs Other Pension Costs | 77 053 | 123 197 | 185 388 | 125 772 | 116 450 |
| Prepayments Accrued Income | 47 334 | 12 217 | 8 447 | 6 725 | 26 701 |
| Profit Loss | -73 960 | 732 796 | -350 453 | -826 580 | 1 176 666 |
| Profit Loss On Ordinary Activities Before Tax | -67 226 | 580 274 | -402 492 | -826 580 | -1 176 666 |
| Property Plant Equipment Gross Cost | 748 736 | 752 676 | 752 676 | 752 676 | |
| Raw Materials Consumables | 144 267 | 89 362 | 120 972 | 156 924 | |
| Social Security Costs | 288 079 | 364 344 | 336 761 | 261 577 | |
| Staff Costs Employee Benefits Expense | 3 215 302 | 4 276 158 | 4 146 961 | 3 371 443 | 3 686 520 |
| Tax Decrease From Utilisation Tax Losses | 97 493 | ||||
| Tax Decrease Increase From Effect Revenue Exempt From Taxation | 19 957 | 15 717 | |||
| Tax Expense Credit Applicable Tax Rate | -12 773 | 110 252 | -76 473 | -157 050 | -223 567 |
| Tax Increase Decrease From Effect Adjustment In Research Development Tax Credit | -105 507 | -58 830 | |||
| Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss | 1 068 | 2 958 | 1 336 | 325 | 120 |
| Tax Increase Decrease From Effect Unrelieved Tax Losses Carried Forward | 75 137 | 154 798 | 41 848 | ||
| Tax Tax Credit On Profit Or Loss On Ordinary Activities | 6 734 | -152 522 | -52 039 | ||
| Total Assets Less Current Liabilities | 2 644 013 | 2 174 442 | 1 868 014 | 1 421 745 | 108 673 |
| Total Borrowings | 46 667 | 37 500 | 27 500 | ||
| Total Current Tax Expense Credit | 6 734 | -152 522 | -52 039 | ||
| Total Operating Lease Payments | 21 664 | 33 286 | 27 838 | 24 388 | |
| Trade Creditors Trade Payables | 978 172 | 1 099 505 | 405 498 | 611 263 | 1 820 774 |
| Trade Debtors Trade Receivables | 2 134 477 | 2 303 352 | 1 612 431 | 1 110 910 | 2 841 073 |
| Turnover Revenue | 6 491 551 | 10 305 915 | 7 719 506 | 4 846 043 | |
| Wages Salaries | 2 850 170 | 3 788 617 | 3 624 812 | 2 984 094 | 3 260 132 |
| Work In Progress | 597 870 | 835 054 | 291 751 | 261 309 | |
| Type | Category | Free download | |
|---|---|---|---|
| AA |
Full accounts data made up to Saturday 31st December 2022 filed on: 28th, September 2023 |
accounts | Free Download (26 pages) |
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