Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-05-01falseNo description of principal activity65falsetrue SC616518 2022-05-01 2023-04-30 SC616518 2021-05-01 2022-04-30 SC616518 2023-04-30 SC616518 2022-04-30 SC616518 c:Director1 2022-05-01 2023-04-30 SC616518 c:Director2 2022-05-01 2023-04-30 SC616518 c:Director3 2022-05-01 2023-04-30 SC616518 c:RegisteredOffice 2022-05-01 2023-04-30 SC616518 d:PlantMachinery 2022-05-01 2023-04-30 SC616518 d:PlantMachinery 2023-04-30 SC616518 d:PlantMachinery 2022-04-30 SC616518 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 SC616518 d:OfficeEquipment 2022-05-01 2023-04-30 SC616518 d:OfficeEquipment 2023-04-30 SC616518 d:OfficeEquipment 2022-04-30 SC616518 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 SC616518 d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 SC616518 d:CurrentFinancialInstruments 2023-04-30 SC616518 d:CurrentFinancialInstruments 2022-04-30 SC616518 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 SC616518 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 SC616518 d:ShareCapital 2023-04-30 SC616518 d:ShareCapital 2022-04-30 SC616518 d:RetainedEarningsAccumulatedLosses 2023-04-30 SC616518 d:RetainedEarningsAccumulatedLosses 2022-04-30 SC616518 c:OrdinaryShareClass1 2022-05-01 2023-04-30 SC616518 c:OrdinaryShareClass1 2023-04-30 SC616518 c:OrdinaryShareClass1 2022-04-30 SC616518 c:OrdinaryShareClass2 2022-05-01 2023-04-30 SC616518 c:OrdinaryShareClass2 2023-04-30 SC616518 c:OrdinaryShareClass2 2022-04-30 SC616518 c:FRS102 2022-05-01 2023-04-30 SC616518 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 SC616518 c:FullAccounts 2022-05-01 2023-04-30 SC616518 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC616518










PROCLADD (SMALL WORKS) LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

 
PROCLADD (SMALL WORKS) LIMITED
 

COMPANY INFORMATION


Directors
Mr W A Baillie 
Miss F Burrell 
Mr K W Burrell 




Registered number
SC616518



Registered office
6a Candymill Lane
Hamilton

ML3 0FD




Accountants
EQ Accountants LLP
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
PROCLADD (SMALL WORKS) LIMITED
 

CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6


 
PROCLADD (SMALL WORKS) LIMITED
REGISTERED NUMBER: SC616518

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2023

2023
2022
£
£

Fixed assets
  

Tangible assets
 4 
25,344
29,488

  
25,344
29,488

Current assets
  

Stocks
  
709,861
754,569

Debtors: amounts falling due within one year
 5 
606,098
285,292

Cash And Cash Equivalents
  
995,081
787,960

  
2,311,040
1,827,821

Creditors: amounts falling due within one year
 6 
(694,833)
(814,147)

Net current assets
  
 
 
1,616,207
 
 
1,013,674

Total assets less current liabilities
  
1,641,551
1,043,162

Provisions for liabilities
  

Deferred tax
  
(6,336)
(5,603)

  
 
 
(6,336)
 
 
(5,603)

Net assets
  
1,635,215
1,037,559


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
1,635,115
1,037,459

  
1,635,215
1,037,559


Page 1

 
PROCLADD (SMALL WORKS) LIMITED
REGISTERED NUMBER: SC616518

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 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 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 income and retained earnings 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 22 December 2023.




Mr K W Burrell
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
PROCLADD (SMALL WORKS) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1.


General information

Procladd (Small Works) Limited is a private company, limited by shares, domiciled in Scotland with registration number SC616518. The registered office is 6a Candymill Lane, Hamilton, Scotland, ML3 0FD.

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 is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
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. 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 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:

Plant and machinery
-
10%
Straight-line
Office equipment
-
15%
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 profit or loss.

Page 3

 
PROCLADD (SMALL WORKS) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.4

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 weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting 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.

 
2.5

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 reporting 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 Statement of financial position.

 
2.6

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 Statement of financial position 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.


3.


Employees

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

Page 4

 
PROCLADD (SMALL WORKS) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

4.


Tangible fixed assets





Plant and machinery
Office equipment
Total

£
£
£



Cost or valuation


At 1 May 2022
110
37,600
37,710


Additions
1,898
-
1,898



At 30 April 2023

2,008
37,600
39,608



Depreciation


At 1 May 2022
44
8,178
8,222


Charge for the year on owned assets
402
5,640
6,042



At 30 April 2023

446
13,818
14,264



Net book value



At 30 April 2023
1,562
23,782
25,344



At 30 April 2022
66
29,422
29,488


5.


Debtors

2023
2022
£
£


Trade debtors
5,152
-

Amounts owed by group undertakings
373,658
-

Other debtors
227,288
285,292

606,098
285,292


Page 5

 
PROCLADD (SMALL WORKS) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
498,993
441,616

Amounts owed to group undertakings
-
218,680

Other taxation and social security
3,237
2,377

Other creditors
186,183
144,574

Accruals and deferred income
6,420
6,900

694,833
814,147



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



10 (2022 - 10) Ordinary A shares of £1.00 each
10
10
90 (2022 - 90) Ordinary B shares of £1.00 each
90
90

100

100



Page 6