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M.j. Sections Limited NETHERTON

M.j. Sections started in year 1979 as Private Limited Company with registration number 01451657. The M.j. Sections company has been functioning successfully for 45 years now and its status is active. The firm's office is based in Netherton at Unit 5 Marriott Road Industrial. Postal code: DY2 0JZ.

At the moment there are 3 directors in the the firm, namely Tracy J., Paul J. and Kuldip S.. In addition one secretary - Maureen H. - is with the company. As of 15 May 2024, there were 3 ex directors - Samantha H., Malcolm J. and others listed below. There were no ex secretaries.

M.j. Sections Limited Address / Contact

Office Address Unit 5 Marriott Road Industrial
Office Address2 Estate,
Town Netherton
Post code DY2 0JZ
Country of origin United Kingdom

Company Information / Profile

Registration Number 01451657
Date of Incorporation Tue, 2nd Oct 1979
Industry Manufacture of basic iron and steel and of ferro-alloys
End of financial Year 31st December
Company age 45 years old
Account next due date Mon, 30th Sep 2024 (138 days left)
Account last made up date Sat, 31st Dec 2022
Next confirmation statement due date Wed, 2nd Oct 2024 (2024-10-02)
Last confirmation statement dated Mon, 18th Sep 2023

Company staff

Tracy J.

Position: Director

Appointed: 01 July 2019

Paul J.

Position: Director

Appointed: 01 March 1999

Kuldip S.

Position: Director

Appointed: 01 March 1999

Maureen H.

Position: Secretary

Appointed: 30 November 1991

Samantha H.

Position: Director

Appointed: 01 April 2016

Resigned: 08 June 2016

Malcolm J.

Position: Director

Appointed: 30 November 1991

Resigned: 03 March 2002

John H.

Position: Director

Appointed: 30 November 1991

Resigned: 10 August 2015

People with significant control

The list of PSCs who own or have control over the company includes 2 names. As BizStats established, there is Paul J. This PSC has 50,01-75% voting rights and has 50,01-75% shares. The second entity in the persons with significant control register is Samantha H. This PSC owns 25-50% shares and has 25-50% voting rights.

Paul J.

Notified on 6 April 2016
Nature of control: 50,01-75% shares
50,01-75% voting rights
right to appoint and remove directors

Samantha H.

Notified on 6 April 2016
Nature of control: 25-50% voting rights
25-50% shares

Annual reports financial information

Profit & Loss
Accounts Information Date 2016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-31
Balance Sheet
Cash Bank On Hand2 559 5363 488 0283 601 8515 203 14512 177 8036 395 7475 609 256
Current Assets10 883 92813 766 60717 642 11422 648 02423 010 64819 931 62623 863 994
Debtors5 475 0856 871 1588 634 37711 796 8274 781 4337 591 16810 541 911
Other Debtors1 000 667 0554 622 6581 620 8181 864 7633 887 346
Property Plant Equipment6 094 2596 396 9976 840 5847 345 0386 879 2746 569 9526 517 852
Total Inventories2 849 3073 407 4215 405 8865 648 0526 051 4125 944 7117 712 827
Net Assets Liabilities  20 587 80926 914 69328 416 84924 414 306 
Other
Audit Fees Expenses15 75017 25022 45021 00022 00022 50024 250
Company Contributions To Money Purchase Plans Directors70 65718 45744 84119 80723 20023 20023 200
Director Remuneration596 7161 364 3111 358 5951 458 2672 792 2541 446 3801 161 038
Dividend Recommended By Directors 1 000 0001 000 0002 040 000640 000660 000180 000
Number Directors Accruing Benefits Under Money Purchase Scheme2223333
Amount Specific Advance Or Credit Directors   7 97015 86737 611113 611
Amount Specific Advance Or Credit Made In Period Directors    344 103341 25623 000
Amount Specific Advance Or Credit Repaid In Period Directors    352 000363 00099 000
Accrued Liabilities78 57095 154140 613180 945123 149177 798141 839
Accumulated Depreciation Impairment Property Plant Equipment2 898 5583 247 7253 637 6374 025 4184 296 8614 566 2074 831 814
Additional Provisions Increase From New Provisions Recognised  14 90257 490 -983 504 
Additional Provisions Increase From New Provisions Recognised In Profit Or Loss 24 843  -12 468  
Administrative Expenses3 724 1025 863 0746 368 7914 795 9826 889 64711 951 3766 303 109
Applicable Tax Rate20191919191919
Average Number Employees During Period154181195200179150168
Bank Borrowings400 000350 000300 000250 000   
Bank Borrowings Overdrafts400 000300 000250 000250 000   
Capital Commitments96 675104 832670 370   2 699 550
Cash Cash Equivalents Cash Flow Value2 559 536 3 601 8515 203 14512 177 8036 395 747 
Comprehensive Income Expense4 749 1324 890 3716 451 2778 366 8842 142 156-3 342 5433 457 996
Corporation Tax Payable660 649531 388803 888657 437  10 568
Corporation Tax Recoverable  216 489199 884175 065373 968 
Cost Sales9 976 35612 357 51713 838 41515 733 79510 734 9039 730 72312 586 618
Creditors5 633 403300 000250 0002 882 5111 289 6832 087 2722 689 544
Current Tax For Period1 174 0921 149 9111 488 8881 517 437377 469 10 568
Depreciation Amortisation Expense467 634573 074566 005557 073484 116389 942384 365
Depreciation Expense Property Plant Equipment444 152549 591566 005557 073484 116389 943384 364
Disposals Decrease In Depreciation Impairment Property Plant Equipment 223 905176 093169 292212 673120 597118 757
Disposals Property Plant Equipment 264 420196 066225 878314 309120 597130 764
Distribution Costs210 034285 102339 416317 833   
Dividend Per Share Interim  10 000    
Dividends Paid1 300 0001 000 0001 000 0002 040 000640 000660 000180 000
Dividends Paid Classified As Financing Activities-1 300 000-1 000 000-1 000 000-2 040 000-640 000-660 000-180 000
Dividends Paid On Shares Interim1 300 0001 000 0001 000 0002 040 000640 000660 000180 000
Finance Lease Liabilities Present Value Total108 830      
Finance Lease Payments Owing Minimum Gross116 108      
Further Item Interest Expense Component Total Interest Expense329772-11 548-1 082-7 0283 265-1 032
Further Operating Expense Item Component Total Operating Expenses27 08718 98017 50518 40014 66023 21926 549
Future Finance Charges On Finance Leases7 278      
Future Minimum Lease Payments Under Non-cancellable Operating Leases27 08925 36343 56636 01530 28826 54924 074
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss270 423-228 940-40 697-103 188-25 245-22 847139 074
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables-1 019 387-221 936-1 189 111-651 982-693 288775 827515 722
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables-965 428-1 396 073-1 546 730-3 179 0556 990 575-1 810 718-3 854 111
Gain Loss On Disposal Assets Income Statement Subtotal2 8819 6397 0272 9146 014 7 993
Gain Loss On Disposals Property Plant Equipment2 8819 6397 0272 9146 014 7 993
Gross Profit Loss9 690 88912 211 78514 557 50514 515 4349 072 4097 319 31110 243 921
Income Taxes Paid Refund Classified As Operating Activities-725 317-1 279 172-1 338 547-1 423 593-1 012 143-156 735373 967
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation356 239928 492113 8231 601 2946 974 658-5 782 056-786 491
Increase Decrease In Current Tax From Adjustment For Prior Periods17 511 -94 330-223 6902 056-42 167 
Increase Decrease In Stocks Inventories Finished Goods Work In Progress576 588558 1141 998 465242 166403 360-106 7011 768 116
Increase From Depreciation Charge For Year Property Plant Equipment 573 072566 005557 073484 116389 943384 364
Interest Expense On Bank Loans Similar Borrowings14 83512 19111 91810 4737 092  
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts9 7047 350     
Interest Paid Classified As Operating Activities-15 164-12 963-370-9 399-64-3 2651 032
Interest Payable Similar Charges Finance Costs24 86820 3133709 399643 265-1 032
Loans Owed By Related Parties  666 6944 622 6581 362 0781 518 6272 018 797
Loans Owed To Related Parties-846 364-829 059     
Merchandise509 014594 6701 209 4211 658 8161 666 6771 320 8032 415 148
Net Cash Flows From Used In Financing Activities1 609 7081 378 6021 230 4742 115 577882 103638 238104 018
Net Cash Flows From Used In Investing Activities1 156 971862 342994 5401 050 5455 44580 621310 151
Net Cash Flows From Used In Operating Activities-3 122 918-3 169 436-2 338 837-4 767 416-7 862 2065 063 197372 322
Net Cash Generated From Operations-3 873 103-4 468 921-3 677 754-6 200 408-8 560 7915 127 813747 321
Net Current Assets Liabilities5 250 5259 163 00114 135 59319 765 51321 720 96517 844 35421 174 450
Net Interest Received Paid Classified As Investing Activities-2 946-3 829-8 025-8 068-6 893 -14 120
Number Shares Issued Fully Paid 100100100100100100
Operating Profit Loss5 969 7536 081 6097 853 0829 719 4522 502 384-4 364 9493 982 812
Other Creditors567 173579 668218 769200 6978 1864 24819 561
Other Deferred Tax Expense Credit7 09624 84314 90257 490-12 468-983 504529 400
Other Interest Receivable Similar Income Finance Income2 9463 8298 0258 0686 893 14 120
Other Operating Income Format1213 00018 0003 784 319 622267 11642 000
Other Taxation Social Security Payable424 174635 838400 123462 003408 892692 611214 951
Par Value Share 111111
Payments Finance Lease Liabilities Classified As Financing Activities-145 106-108 830     
Payments To Related Parties2 788 3582 578 9194 355 5733 684 0182 664 9601 905 7612 484 226
Pension Other Post-employment Benefit Costs Other Pension Costs219 945218 956341 159346 635320 243314 258340 956
Prepayments103 934109 035112 367116 626130 844139 23471 520
Proceeds From Sales Property Plant Equipment-10 500-50 154-27 000-59 500-107 650 -20 000
Profit Loss4 749 1324 890 3716 451 2778 366 8842 142 156-3 342 5433 457 996
Profit Loss On Ordinary Activities Before Tax5 947 8316 065 1257 860 7379 718 1212 509 213-4 368 2143 997 964
Property Plant Equipment Gross Cost8 992 8179 644 72210 478 22111 370 45611 176 13511 136 15911 349 666
Provisions98 623123 466138 368195 858183 390-800 114 
Provisions For Liabilities Balance Sheet Subtotal98 623123 466138 368195 858183 390  
Purchase Property Plant Equipment-1 170 417-916 325-1 029 565-1 118 113-119 988-80 621-344 271
Repayments Borrowings Classified As Financing Activities-50 000-50 002-50 000-50 000-250 000  
Social Security Costs531 153773 086843 927862 7391 017 9131 642 7521 113 289
Staff Costs Employee Benefits Expense5 876 4558 141 8629 111 0299 377 11810 537 61115 309 16210 861 377
Tax Expense Credit Applicable Tax Rate1 189 5661 152 3741 493 5401 846 443476 750-829 961759 613
Tax Increase Decrease From Effect Capital Allowances Depreciation-23 450-22 011-7 139-120 31422 44521 629-22 943
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss7 9764 8172 4871 1521 7745 5054 870
Tax Tax Credit On Profit Or Loss On Ordinary Activities1 198 6991 174 7541 409 4601 351 237367 057-1 025 671539 968
Total Additions Including From Business Combinations Property Plant Equipment 916 3251 029 5651 118 113119 98880 621344 271
Total Assets Less Current Liabilities11 344 78415 559 99820 976 17727 110 55128 600 23924 414 30627 692 302
Total Current Tax Expense Credit1 191 6031 149 9111 394 5581 293 747379 525-42 16710 568
Trade Creditors Trade Payables2 960 2162 497 5371 859 5811 123 459733 5891 174 9862 189 014
Trade Debtors Trade Receivables5 370 1516 762 1237 638 4666 857 6592 854 7064 413 0896 251 377
Turnover Revenue19 667 24524 569 30228 395 92030 249 22919 807 31217 050 03422 830 539
Wages Salaries5 125 3577 149 8207 925 9438 167 7439 199 45513 352 1529 407 132
Work In Progress2 340 2932 812 7514 196 4653 989 2364 384 7354 623 9085 297 679
Cash Receipts From Government Grants    -313 622-224 616 
Deferred Tax Asset Debtors     800 114270 714
Further Item Cash Flow From Used In Operating Activities Component Total Net Cash Flows From Used In Operating Activities    313 622224 616 
Income From Related Parties   2 2501 0018 3462 921
Interest Expense On Bank Overdrafts   8   
Recoverable Value-added Tax      60 954
Tax Decrease From Utilisation Tax Losses      565 305

Company filings

Filing category
Accounts Address Annual return Confirmation statement Mortgage Officers Persons with significant control
Full accounts for the period ending 31st December 2022
filed on: 28th, September 2023 		Free Download (23 pages)

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