Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-3132022-08-01falseNo description of principal activity3truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC667146 2022-08-01 2023-07-31 SC667146 2021-08-01 2022-07-31 SC667146 2023-07-31 SC667146 2022-07-31 SC667146 2021-08-01 SC667146 c:Director1 2022-08-01 2023-07-31 SC667146 d:Non-currentFinancialInstruments d:ListedExchangeTraded 2023-07-31 SC667146 d:Non-currentFinancialInstruments d:ListedExchangeTraded 2022-07-31 SC667146 d:Non-currentFinancialInstruments d:UnlistedNon-exchangeTraded 2023-07-31 SC667146 d:Non-currentFinancialInstruments d:UnlistedNon-exchangeTraded 2022-07-31 SC667146 d:CurrentFinancialInstruments 2023-07-31 SC667146 d:CurrentFinancialInstruments 2022-07-31 SC667146 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 SC667146 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 SC667146 d:ShareCapital 2022-08-01 2023-07-31 SC667146 d:ShareCapital 2023-07-31 SC667146 d:ShareCapital 2021-08-01 2022-07-31 SC667146 d:ShareCapital 2022-07-31 SC667146 d:ShareCapital 2021-08-01 SC667146 d:RetainedEarningsAccumulatedLosses 2022-08-01 2023-07-31 SC667146 d:RetainedEarningsAccumulatedLosses 2023-07-31 SC667146 d:RetainedEarningsAccumulatedLosses 2021-08-01 2022-07-31 SC667146 d:RetainedEarningsAccumulatedLosses 2022-07-31 SC667146 d:RetainedEarningsAccumulatedLosses 2021-08-01 SC667146 d:AcceleratedTaxDepreciationDeferredTax 2023-07-31 SC667146 d:AcceleratedTaxDepreciationDeferredTax 2022-07-31 SC667146 c:FRS102 2022-08-01 2023-07-31 SC667146 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 SC667146 c:FullAccounts 2022-08-01 2023-07-31 SC667146 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 SC667146 2 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Registered number: SC667146









PNA ROBOTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

 
PNA ROBOTS LIMITED
REGISTERED NUMBER: SC667146

BALANCE SHEET
AS AT 31 JULY 2023

As restated
2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
2,811,804
2,411,316

  
2,811,804
2,411,316

Current assets
  

Cash at bank and in hand
  
136,974
485,040

  
136,974
485,040

Creditors: amounts falling due within one year
 5 
(1,057,668)
(1,060,020)

Net current liabilities
  
 
 
(920,694)
 
 
(574,980)

Total assets less current liabilities
  
1,891,110
1,836,336

Provisions for liabilities
  

Deferred tax
 6 
(16,616)
(16,616)

  
 
 
(16,616)
 
 
(16,616)

Net assets
  
1,874,494
1,819,720


Capital and reserves
  

Called up share capital 
  
3
3

Retained earnings
  
1,874,491
1,819,717

Shareholders' funds
  
1,874,494
1,819,720


Page 1

 
PNA ROBOTS LIMITED
REGISTERED NUMBER: SC667146
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 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 and delivered 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 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 by: 






N J Mellon
Director

Date: 17 April 2024

The notes on pages 5 to 8 form part of these financial statements.

Page 2

 
PNA ROBOTS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JULY 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 August 2022
3
1,819,717
1,819,720


Comprehensive income for the year

Profit for the year

-
54,774
54,774


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
54,774
54,774


Total transactions with owners
-
-
-


At 31 July 2023
3
1,874,491
1,874,494


The notes on pages 5 to 8 form part of these financial statements.

Page 3

 
PNA ROBOTS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JULY 2022


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 August 2021
3
1,005,250
1,005,253


Comprehensive income for the year

Profit for the year

-
814,467
814,467


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
814,467
814,467


Total transactions with owners
-
-
-


At 31 July 2022
3
1,819,717
1,819,720


The notes on pages 5 to 8 form part of these financial statements.

Page 4

 
PNA ROBOTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

PNA Robots Limited is a private company, limited by shares, domiciled and incorporated in Scotland  (registered number: SC667146). The registered office address is Suite 37 Grovewood Business Centre, Strathclyde Business Park, Bellshill, Scotland, ML4 3NQ.

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

Going concern

The financial statements have been prepared on a going concern basis.
The director have made an assessment in preparing these financial statements as to whether the Company is a going concern and has concluded that there are no material uncertainties that may cast doubt on the Company's ability to continue as a going concern.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 5

 
PNA ROBOTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.5

Financial instruments

Financial assets and financial liabilities are recognised in the Balance Sheet when the Company becomes a party to the contractual provisions of the instrument. 
Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.
Trade and other debtors and creditors are classified as basic financial instruments and measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the Company will not be able to collect all amounts due.
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank, short-term bank deposits with an original maturity of three months or less and bank overdrafts which are an integral part of the Company’s cash management.
Financial liabilities and equity instruments issued by the Company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Equity instruments issued by the Company are recorded at the proceeds received, net of direct issue costs. 

 
2.6

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.

Page 6

 
PNA ROBOTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.7

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 -3).



4.


Fixed asset investments





Listed investments
Unlisted investments
Total

£
£
£



Valuation


At 1 August 2022
2,411,315
1
2,411,316


Additions
1,122,573
-
1,122,573


Disposals
(760,454)
-
(760,454)


Revaluations
38,369
-
38,369



At 31 July 2023
2,811,803
1
2,811,804





5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
1,051,998
1,050,114

Accruals and deferred income
5,670
9,906

1,057,668
1,060,020


Page 7

 
PNA ROBOTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

6.


Deferred taxation




2023


£






At beginning of year
16,616



At end of year
16,616

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Unrealised gain on investments
16,616
16,616


7.


Prior year adjustment

The comparative figures on the Statement of Income and Retained Earnings and the Balance Sheet have been restated. The Non-distributable profits reserve has been removed, with investment gains and losses being recognised in profit or loss, due to the fact that investment gains are readily covertible into cash and are therefore distributable.


8.


Related party transactions

At the year end, the Company owed the directors £1,051,998 (2022 - £1,049,998). This loan is
unsecured, interest free and repayable on demand.


9.


Controlling party

The directors do not consider there to be an ultimate controlling party.

 
Page 8