Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31falsetrue2022-02-01No description of principal activity3030trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 1591390 2022-02-01 2022-12-31 1591390 2021-02-01 2022-01-31 1591390 2022-12-31 1591390 2022-01-31 1591390 1 2022-02-01 2022-12-31 1591390 d:Director3 2022-02-01 2022-12-31 1591390 c:Buildings 2022-02-01 2022-12-31 1591390 c:Buildings 2022-12-31 1591390 c:Buildings 2022-01-31 1591390 c:Buildings c:OwnedOrFreeholdAssets 2022-02-01 2022-12-31 1591390 c:Buildings c:ShortLeaseholdAssets 2022-02-01 2022-12-31 1591390 c:Buildings c:ShortLeaseholdAssets 2022-12-31 1591390 c:Buildings c:ShortLeaseholdAssets 2022-01-31 1591390 c:PlantMachinery 2022-02-01 2022-12-31 1591390 c:PlantMachinery 2022-12-31 1591390 c:PlantMachinery 2022-01-31 1591390 c:PlantMachinery c:OwnedOrFreeholdAssets 2022-02-01 2022-12-31 1591390 c:MotorVehicles 2022-02-01 2022-12-31 1591390 c:MotorVehicles 2022-12-31 1591390 c:MotorVehicles 2022-01-31 1591390 c:MotorVehicles c:OwnedOrFreeholdAssets 2022-02-01 2022-12-31 1591390 c:FurnitureFittings 2022-02-01 2022-12-31 1591390 c:FurnitureFittings 2022-12-31 1591390 c:FurnitureFittings 2022-01-31 1591390 c:FurnitureFittings c:OwnedOrFreeholdAssets 2022-02-01 2022-12-31 1591390 c:OtherPropertyPlantEquipment 2022-02-01 2022-12-31 1591390 c:OwnedOrFreeholdAssets 2022-02-01 2022-12-31 1591390 c:CurrentFinancialInstruments 2022-12-31 1591390 c:CurrentFinancialInstruments 2022-01-31 1591390 c:Non-currentFinancialInstruments 2022-12-31 1591390 c:Non-currentFinancialInstruments 2022-01-31 1591390 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 1591390 c:CurrentFinancialInstruments c:WithinOneYear 2022-01-31 1591390 c:Non-currentFinancialInstruments c:AfterOneYear 2022-12-31 1591390 c:Non-currentFinancialInstruments c:AfterOneYear 2022-01-31 1591390 c:ShareCapital 2022-12-31 1591390 c:ShareCapital 2022-01-31 1591390 c:CapitalRedemptionReserve 2022-12-31 1591390 c:CapitalRedemptionReserve 2022-01-31 1591390 c:RetainedEarningsAccumulatedLosses 2022-12-31 1591390 c:RetainedEarningsAccumulatedLosses 2022-01-31 1591390 d:FRS102 2022-02-01 2022-12-31 1591390 d:AuditExempt-NoAccountantsReport 2022-02-01 2022-12-31 1591390 d:FullAccounts 2022-02-01 2022-12-31 1591390 d:PrivateLimitedCompanyLtd 2022-02-01 2022-12-31 1591390 2 2022-02-01 2022-12-31 iso4217:GBP xbrli:pure












CONTROL COMPONENTS (ANGLIA) LIMITED

UNAUDITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022
Registered number: 1591390

 
CONTROL COMPONENTS (ANGLIA) LIMITED
REGISTERED NUMBER:1591390

BALANCE SHEET
AS AT 31 DECEMBER 2022

31 December
31 January
2022
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
180,596
242,609

Fixed asset investments
 5 
-
219,411

  
180,596
462,020

Current assets
  

Stocks
  
1,256,034
881,907

Debtors: amounts falling due within one year
 6 
2,089,520
1,523,068

Cash at bank and in hand
  
1,833,407
1,439,834

  
5,178,961
3,844,809

Creditors: amounts falling due within one year
 7 
(2,037,195)
(1,400,189)

Net current assets
  
 
 
3,141,766
 
 
2,444,620

Total assets less current liabilities
  
3,322,362
2,906,640

Creditors: amounts falling due after more than one year
 8 
-
(40,106)

Provisions for liabilities
  

Deferred tax
  
(12,254)
(19,474)

Net assets
  
£3,310,108
£2,847,060


Capital and reserves
  

Called up share capital 
  
55
55

Capital redemption reserve
  
100
100

Profit and loss account
  
3,309,953
2,846,905

  
£3,310,108
£2,847,060


Page 1

 
CONTROL COMPONENTS (ANGLIA) LIMITED
REGISTERED NUMBER:1591390

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 October 2023.




K Swenson
Director

Page 2

 
CONTROL COMPONENTS (ANGLIA) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

1.


General information

Control Components (Anglia) Limited is a private company limited by shares and incorporated in England. Its registered office is Unit 60, Hellesdon Park Road, Drayton High Road, Norwich, NR6 5DR.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises the invoiced value of electrical component parts sold by the company during the year, excluding value added tax and trade discounts.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Freehold property used within the company business is not treated as in investment property as it is not held for investment purposes.

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Freehold property
-
2%
straight line
Short-term leasehold property
-
14%
straight line
Fixtures and equipment
-
15%
reducing balance
Motor vehicles
-
25%
reducing balance
Computer equipment
-
25%
reducing balance
Office equipment
-
15%
reducing balance

A full years depreciation charge is provided in the year of acquisition and none in the year of disposal.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value.


 
2.5

Debtors

Debtors are measured at transaction price, less any impairment for bad or doubtful debts.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 3

 
CONTROL COMPONENTS (ANGLIA) LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans from third parties.

 
2.8

Creditors

Creditors are measured at the transaction price.

 
2.9

Government grants

Grants are accounted under the accruals model as permitted by FRS 102.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.11

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of Comprehensive Income on a straight line basis over the lease term.

 
2.12

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of Comprehensive Income when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.13

Interest income

Interest income is recognised in the Statement of Comprehensive Income in the period in which it is received.

 
2.14

Provisions for liabilities

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the Statement of Comprehensive Income in the period that the company becomes aware of the obligation, and are measured at the best estimate at the Balance Sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

Page 4

 
CONTROL COMPONENTS (ANGLIA) LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.15

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Taxation is recognised in the Statement of Comprehensive Income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the United Kingdom.

The charge for taxation takes into account taxation deferred or accelerated as a result of all material timing differences between the treatment of certain items for taxation and accounting purposes. Deferred tax assets are recognised only to the extent that they are regarded as recoverable within the foreseeable future. Deferred tax assets and liabilities are not discounted.


3.


Employees

The average monthly number of employees, including directors, during the period was 30 (2022 - 30).


4.


Tangible fixed assets







Freehold land and property
Short term Leasehold Property
Fixtures and equipment
Motor vehicles
Office and computer equipment
Total 

£
£
£
£
£
£



Cost


At 1 February 2022
184,553
34,059
29,270
169,017
118,614
535,513


Additions
-
-
-
-
6,014
6,014


Disposals
-
-
-
(57,000)
(29,807)
(86,807)



At 31 December 2022

184,553
34,059
29,270
112,017
94,821
454,720



Depreciation


At 1 February 2022
54,662
34,059
21,522
100,479
82,182
292,904


Charge for the period on owned assets
2,833
-
1,065
5,910
6,698
16,506


Disposals
-
-
-
(14,250)
(21,036)
(35,286)



At 31 December 2022

57,495
34,059
22,587
92,139
67,844
274,124



Net book value



At 31 December 2022
£127,058
£-
£6,683
£19,878
£26,977
£180,596



At 31 January 2022
£129,891
£-
£7,748
£68,538
£36,432
£242,609



Page 5

 
CONTROL COMPONENTS (ANGLIA) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

5.


Fixed asset investments








Listed investments

£



Valuation


At 1 February 2022
219,411


Disposals
(219,411)



At 31 December 2022
£-





6.


Debtors

31 December
31 January
2022
2022
£
£


Trade debtors
2,052,151
1,485,815

Other debtors
1,539
-

Prepayments and accrued income
35,830
37,253

£2,089,520
£1,523,068



7.


Creditors: Amounts falling due within one year

31 December
31 January
2022
2022
£
£

Payments received on account
15,761
6,919

Trade creditors
1,748,859
1,126,850

Corporation tax
137,662
102,924

Other taxation and social security
105,708
118,601

Obligations under finance lease and hire purchase contracts
-
10,029

Other creditors
13,866
19,819

Accruals and deferred income
15,339
15,047

£2,037,195
£1,400,189


The hire purchase contracts are secured on the assets concerned.

Page 6

 
CONTROL COMPONENTS (ANGLIA) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

8.


Creditors: Amounts falling due after more than one year

31 December
31 January
2022
2022
£
£

Net obligations under finance leases and hire purchase contracts
-
40,106

£-
£40,106


The hire purchase contracts are secured on the assets concerned.


9.Other commitments

At 31 December 2022, the company had total commitments under non- cancellable operating leases over the remaining life of those leases of £183,916 (2022 - £204,150).


10.


Post balance sheet event (Non-adjusting)

On the 3 January 2023 ownership of the company changed when 100% of the share capital of Control Components (Anglia) Limited was purchased by Control Components Incorporated Limited, a member of the BPX Group Limited.


Page 7