IRIS Accounts Production v23.3.0.418 03909945 Board of Directors 1.3.22 28.2.23 28.2.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure039099452022-02-28039099452023-02-28039099452022-03-012023-02-28039099452021-02-28039099452021-03-012022-02-28039099452022-02-2803909945ns16:EnglandWales2022-03-012023-02-2803909945ns15:PoundSterling2022-03-012023-02-2803909945ns11:Director12022-03-012023-02-2803909945ns11:PrivateLimitedCompanyLtd2022-03-012023-02-2803909945ns11:SmallEntities2022-03-012023-02-2803909945ns11:AuditExempt-NoAccountantsReport2022-03-012023-02-2803909945ns11:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2803909945ns11:SmallCompaniesRegimeForAccounts2022-03-012023-02-2803909945ns11:AbridgedAccounts2022-03-012023-02-280390994512022-03-012023-02-2803909945ns11:Director22022-03-012023-02-2803909945ns11:RegisteredOffice2022-03-012023-02-2803909945ns6:CurrentFinancialInstruments2023-02-2803909945ns6:CurrentFinancialInstruments2022-02-2803909945ns6:ShareCapital2023-02-2803909945ns6:ShareCapital2022-02-2803909945ns6:RetainedEarningsAccumulatedLosses2023-02-2803909945ns6:RetainedEarningsAccumulatedLosses2022-02-2803909945ns6:NetGoodwill2022-03-012023-02-2803909945ns6:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2803909945ns6:ShortLeaseholdAssetsns6:LandBuildings2022-03-012023-02-2803909945ns6:PlantMachinery2022-03-012023-02-2803909945ns6:MotorVehicles2022-03-012023-02-28
REGISTERED NUMBER: 03909945 (England and Wales)









CAMTEC ENGINEERING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023






CAMTEC ENGINEERING LIMITED (REGISTERED NUMBER: 03909945)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


CAMTEC ENGINEERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: A W Gibbons
N A Taylor



REGISTERED OFFICE: Barn Close
Langage Industrial Estate
PLYMOUTH
Devon
PL7 5HQ



REGISTERED NUMBER: 03909945 (England and Wales)



ACCOUNTANTS: Mark Holt & Co Limited
Chartered Accountants
7 Sandy Court
Ashleigh Way
Langage Business Park
Plymouth
Devon
PL7 5JX



BANKERS: National Westminster Bank Plc
14 Old Town Street
Plymouth
Devon
PL1 1DG

CAMTEC ENGINEERING LIMITED (REGISTERED NUMBER: 03909945)

ABRIDGED BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 31,850 38,680
31,850 38,680

CURRENT ASSETS
Stocks 5,800 4,570
Debtors 133,016 129,162
Cash at bank 42,654 33,626
181,470 167,358
CREDITORS
Amounts falling due within one year 63,685 75,319
NET CURRENT ASSETS 117,785 92,039
TOTAL ASSETS LESS CURRENT LIABILITIES 149,635 130,719

PROVISIONS FOR LIABILITIES 8,000 9,000
NET ASSETS 141,635 121,719

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 141,535 121,619
SHAREHOLDERS' FUNDS 141,635 121,719

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

CAMTEC ENGINEERING LIMITED (REGISTERED NUMBER: 03909945)

ABRIDGED BALANCE SHEET - continued
28 FEBRUARY 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28 February 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 October 2023 and were signed on its behalf by:





N A Taylor - Director


CAMTEC ENGINEERING LIMITED (REGISTERED NUMBER: 03909945)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Camtec Engineering Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied, to all the years presented, unless otherwise stated.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and the rendering of services.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Short leasehold - 25% on reducing balance
Plant and machinery - 15% to 25% on reducing balance
Motor vehicles - 25% on reducing balance

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


CAMTEC ENGINEERING LIMITED (REGISTERED NUMBER: 03909945)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

3. ACCOUNTING POLICIES - continued
Taxation
Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that have been enacted or substantively enacted by the reporting date.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Provisions for liabilities
Provisions are recognised when the Company has a present (legal or constructive) obligation as a result of a past event; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

The amount recognised as a provision is the best estimate of the consideration required to settle the present recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value using a pre-tax discount rate. The unwinding of the discount is recognised as a finance costs in profit or loss in the period it arises.

The Company recognises a provision for annual leave accrued by employees for services rendered in the current period, and which employees are entitled to carry forward and use within the next 12 months, measured at the salary costs payable for the period of absence.

Grant income
Income received in relation to grants are classified either as relating to revenue or to assets.

Grants relating to revenue are recognised in other income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. Where a timing difference arises, the income is held on the balance sheet. When received in arrears the expected income is recognises as a debtor so long as the relevant conditions have been satisfied. When received in advance of costs, the income is held as deferred income and systematically released to the profit and loss in the periods the cost is incurred.

Grants relating to assets are recognised initially as deferred income and released to other income on a systematic basis over the expected useful life of the asset.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 6 ) .

5. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2022 77,074
Disposals (77,074 )
At 28 February 2023 -
AMORTISATION
At 1 March 2022 77,074
Eliminated on disposal (77,074 )
At 28 February 2023 -
NET BOOK VALUE

At 28 February 2023 -
At 28 February 2022 -

CAMTEC ENGINEERING LIMITED (REGISTERED NUMBER: 03909945)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

6. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2022 236,643
Additions 722
Disposals (12,829 )
At 28 February 2023 224,536
DEPRECIATION
At 1 March 2022 197,963
Charge for year 7,252
Eliminated on disposal (12,529 )
At 28 February 2023 192,686
NET BOOK VALUE
At 28 February 2023 31,850
At 28 February 2022 38,680

7. RELATED PARTY DISCLOSURES

The immediate and ultimate parent undertaking is NT Group Enterprises Limited; a UK registered company whose registered office is 7 Sandy Court Ashleigh Way, Langage Business Park, Plymouth, Devon, United Kingdom, PL7 5JX.