Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31292022-04-01false29truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01128843 2022-04-01 2023-03-31 01128843 2021-04-01 2022-03-31 01128843 2023-03-31 01128843 2022-03-31 01128843 2021-04-01 01128843 c:Director1 2022-04-01 2023-03-31 01128843 c:Director3 2022-04-01 2023-03-31 01128843 d:Buildings 2022-04-01 2023-03-31 01128843 d:Buildings 2023-03-31 01128843 d:Buildings 2022-03-31 01128843 d:Buildings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 01128843 d:PlantMachinery 2022-04-01 2023-03-31 01128843 d:PlantMachinery 2023-03-31 01128843 d:PlantMachinery 2022-03-31 01128843 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 01128843 d:MotorVehicles 2022-04-01 2023-03-31 01128843 d:MotorVehicles 2023-03-31 01128843 d:MotorVehicles 2022-03-31 01128843 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 01128843 d:OfficeEquipment 2022-04-01 2023-03-31 01128843 d:OfficeEquipment 2023-03-31 01128843 d:OfficeEquipment 2022-03-31 01128843 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 01128843 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 01128843 d:CurrentFinancialInstruments 2023-03-31 01128843 d:CurrentFinancialInstruments 2022-03-31 01128843 d:Non-currentFinancialInstruments 2023-03-31 01128843 d:Non-currentFinancialInstruments 2022-03-31 01128843 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 01128843 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 01128843 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 01128843 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 01128843 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 01128843 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-03-31 01128843 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 01128843 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 01128843 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 01128843 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-03-31 01128843 d:ShareCapital 2023-03-31 01128843 d:ShareCapital 2022-03-31 01128843 d:RevaluationReserve 2022-04-01 2023-03-31 01128843 d:RevaluationReserve 2023-03-31 01128843 d:RevaluationReserve 2022-03-31 01128843 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 01128843 d:RetainedEarningsAccumulatedLosses 2023-03-31 01128843 d:RetainedEarningsAccumulatedLosses 2022-03-31 01128843 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 01128843 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 01128843 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 01128843 d:TaxLossesCarry-forwardsDeferredTax 2022-03-31 01128843 d:OtherDeferredTax 2023-03-31 01128843 d:OtherDeferredTax 2022-03-31 01128843 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2022-04-01 2023-03-31 01128843 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-03-31 01128843 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2022-03-31 01128843 c:FRS102 2022-04-01 2023-03-31 01128843 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 01128843 c:FullAccounts 2022-04-01 2023-03-31 01128843 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 01128843 d:WithinOneYear 2023-03-31 01128843 d:WithinOneYear 2022-03-31 01128843 d:BetweenOneFiveYears 2023-03-31 01128843 d:BetweenOneFiveYears 2022-03-31 01128843 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 01128843 d:HirePurchaseContracts d:WithinOneYear 2022-03-31 01128843 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 01128843 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-03-31 01128843 6 2022-04-01 2023-03-31 01128843 e:UnitedKingdom 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 01128843










3 D ALUMINIUM PLAS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
3 D ALUMINIUM PLAS LIMITED
REGISTERED NUMBER: 01128843

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,697,652
1,560,984

Investments
 5 
5,000
5,000

  
1,702,652
1,565,984

Current assets
  

Stocks
 6 
35,500
20,020

Debtors: amounts falling due within one year
 7 
5,893,225
5,587,700

Cash at bank and in hand
 8 
723,205
599,207

  
6,651,930
6,206,927

Creditors: amounts falling due within one year
 9 
(1,523,177)
(1,083,687)

Net current assets
  
 
 
5,128,753
 
 
5,123,240

Total assets less current liabilities
  
6,831,405
6,689,224

Creditors: amounts falling due after more than one year
 10 
(1,097,242)
(1,008,194)

Provisions for liabilities
  

Deferred tax
 13 
(301,078)
(268,453)

Warranty provision
 14 
(75,502)
(110,958)

  
 
 
(376,580)
 
 
(379,411)

Net assets
  
5,357,583
5,301,619


Capital and reserves
  

Called up share capital 
  
5,000
5,000

Revaluation reserve
 15 
937,009
937,009

Profit and loss account
 15 
4,415,574
4,359,610

  
5,357,583
5,301,619


Page 1

 
3 D ALUMINIUM PLAS LIMITED
REGISTERED NUMBER: 01128843

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

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 year 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 by: 



G P M McCartan
B Matthews
Director
Director


Date: 2 November 2023
Date: 2 November 2023

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
3 D ALUMINIUM PLAS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

3 D Aluminium Plas Limited is a private company limited by shares, incorporated in the United Kingdom and registered in England and Wales with company number 01128843. The registered office is 3 Horace House, Oakfield Industrial Estate, Eynsham, Oxfordshire, OX29 4TX.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The financial statements are rounded to the nearest pound Sterling, the functional and presentational currency of the Company.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis which assumes the Company will have sufficient funds to continue to pay its debts as and when they fall due and thus continue to trade. After making enquiries, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future based on its forecasts and projections. In making their assessment, the Directors have considered a period of at least 12 months from the date of signing these financial statements.

 
2.3

Revenue


Turnover comprises revenue and is recognised by the Company when the risks and rewards associated with the goods and services have been transferred to the purchaser. These occur when all the following conditions are met: evidence of a binding agreement exists (generally, signed contracts), products have been delivered or services have been rendered, there is no future performance required and amounts are collectable under normal payment terms. Retentions are recognised when the 'Defect Period' has expired and upon receipt of a certificate of 'Practical Completion' in accordance with contract terms.
Turnover represents the net amounts charged or chargeable in respect of services rendered and goods supplied, excluding value added tax and discounts given to the customer. Turnover on longterm contracts is recognised as the value of measured works, claims and variations on contracts in the year, based on the stage of completion. Claims and variations are only recognised where they have been agreed with the customer. Where it is foreseen that a loss will arise to the Company on a long-term contract, full provision is made for that loss during the year.

Page 3

 
3 D ALUMINIUM PLAS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

The company has taken advantage of the optional exemption provided by section 35.10 (d) of FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and elected to use a fair value of freehold land and buildings as its deemed cost on the date of transition to FRS 102 being 1 April 2014.
The assessed fair value is based on a professional valuation undertaken on 9 December 2013 by DTZ Debenham Tie Leung Limited in accordance with the valuation standards of the Royal Institution of Chartered Surveyors. 
The Directors have estimated the useful economic life of the buildings to be 50 years from the transition date of 1 April 2014.

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided on the following basis:

Freehold property
-
2%
straight line
Plant and machinery
-
25%
straight line
Motor vehicles
-
25%
straight line
Office equipment
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
3 D ALUMINIUM PLAS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.8

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.

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

  
2.11

Finance leases

Where the Company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. The asset is recorded in the Balance Sheet as a tangible fixed asset and is depreciated in accordance with the above depreciation policies. Future instalments under such leases, net of finance charges, are included with creditors. Rentals payable are apportioned between the finance element, which is charged to the Statement of Comprehensive Income on a straight line basis, and the capital element which reduces the outstanding obligation for future instalments.

 
2.12

Leased assets: the Company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.13

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 profit or loss 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.

Page 5

 
3 D ALUMINIUM PLAS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.14

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.15

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 profit or loss in the year 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.

 
2.16

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income 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 countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Employees

The average monthly number of employees, including Directors, during the year was 29 (2022: 29).


Page 6

 
3 D ALUMINIUM PLAS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2022
1,480,000
578,048
-
30,277
2,088,325


Additions
-
38,797
176,021
-
214,818



At 31 March 2023

1,480,000
616,845
176,021
30,277
2,303,143



Depreciation


At 1 April 2022
118,400
379,325
-
29,616
527,341


Charge for the year on owned assets
14,800
60,355
2,334
661
78,150



At 31 March 2023

133,200
439,680
2,334
30,277
605,491



Net book value



At 31 March 2023
1,346,800
177,165
173,687
-
1,697,652



At 31 March 2022
1,361,600
198,723
-
661
1,560,984


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2022
5,000



At 31 March 2023
5,000





6.


Stocks

2023
2022
£
£

Work in progress (goods to be sold)
35,500
20,020

35,500
20,020


Page 7

 
3 D ALUMINIUM PLAS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Debtors

2023
2022
£
£


Trade debtors
184,604
1,305

Amounts owed by group undertakings
5,705,712
5,586,395

Prepayments and accrued income
2,909
-

5,893,225
5,587,700


Amounts owed by group undertakings are unsecured, non-interest bearing and repayable on demand.


8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
723,204
599,208



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
48,000
48,000

Trade creditors
521,723
663,479

Corporation tax
-
65,668

Other taxation and social security
117,406
161,082

Obligations under finance lease and hire purchase contracts
42,167
18,750

Accruals and deferred income
793,881
126,708

1,523,177
1,083,687


The Company has an agreement dated 27 August 2003 with The Royal Bank of Scotland which holds a debenture charge over all current and future fixed and floating assets of the Company. 
The Royal Bank of Scotland also has a legal charge dated 27 August 2003 over the Company's premises in Stanton Harcourt Road, Eynsham.

Page 8

 
3 D ALUMINIUM PLAS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

10.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
878,110
913,312

Net obligations under finance leases and hire purchase contracts
219,132
94,882

1,097,242
1,008,194


See note 15 for details of securities.


11.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
48,000
48,000


48,000
48,000

Amounts falling due 1-2 years

Bank loans
48,000
48,000


48,000
48,000

Amounts falling due 2-5 years

Bank loans
144,000
144,000


144,000
144,000

Amounts falling due after more than 5 years

Bank loans
686,110
721,312

686,110
721,312

926,110
961,312


Page 9

 
3 D ALUMINIUM PLAS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

12.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
42,167
22,500

Between 1-5 years
229,093
76,875

271,260
99,375


13.


Deferred taxation




2023
2022


£

£






At beginning of year
(268,453)
(197,036)


Charged to profit or loss
(32,625)
(71,417)



At end of year
(301,078)
(268,453)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Fixed asset timing differences
(113,913)
(79,746)

Short term timing differences
4,011
2,469

Capital gains/losses
(191,176)
(191,176)

(301,078)
(268,453)

Page 10

 
3 D ALUMINIUM PLAS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

14.


Provisions




Warranty provision

£





At 1 April 2022
110,958


Charged to profit or loss
(35,456)


Utilised in year
-



At 31 March 2023
75,502

The Company provides for warranties on its sales to customers. Warranties are charged based on the Directors' estimations of costs to be incurred and are released in line with the warranty services undertaken.


15.


Reserves

Revaluation reserve

This reserve represents the revaluation gain on freehold land and buildings less the annual transfers to the profit and loss reserve for the additional depreciation charged on the revalued amount (now deemed cost) in comparison to the historical cost depreciation charge, as adjusted for any movement in deferred taxation thereon.

Profit and loss account

This reserve includes all current and prior period retained profits and losses.


16.


Contingent liabilities

The Company is party to a group overdraft facility which is secured by a debenture on the assets of the
Group. The total overdraft at 31 March 2022 was £nil (2021: £nil).


17.


Capital commitments


At 31 March 2023 the Company had capital commitments as follows:

2023
2022
£
£


Contracted for but not provided in these financial statements
117,953
125,938


18.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £13,222 (2022: £10,877). Contributions of £5,048 (2022: £6,024) were payable to the fund at the balance sheet date.

Page 11

 
3 D ALUMINIUM PLAS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

19.


Commitments under operating leases

At 31 March 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
36,831
17,840

Later than 1 year and not later than 5 years
44,542
14,135

81,373
31,975


20.


Related party transactions

The Company has taken advantage of the disclosure exemption available under FRS 102 Section 33.1A not to disclose transactions entered into between 100% owned group companies.


21.


Controlling party

The Company's immediate parent company is Eynsham Group Limited, a company registered in England and Wales. The ultimate parent company is Eynsham Fenestration Holdings Limited.
Copies of the accounts for Eynsham Fenestration Holdings Limited can be obtained from the Registrar of Companies, Companies House, Crown Way, Cardiff, CF14 3UZ.


Page 12