Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseSupply of engineering equipment2932truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03053166 2023-04-01 2024-03-31 03053166 2022-04-01 2023-03-31 03053166 2024-03-31 03053166 2023-03-31 03053166 c:Director1 2023-04-01 2024-03-31 03053166 d:PlantMachinery 2023-04-01 2024-03-31 03053166 d:PlantMachinery 2024-03-31 03053166 d:PlantMachinery 2023-03-31 03053166 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03053166 d:MotorVehicles 2023-04-01 2024-03-31 03053166 d:MotorVehicles 2024-03-31 03053166 d:MotorVehicles 2023-03-31 03053166 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03053166 d:FurnitureFittings 2023-04-01 2024-03-31 03053166 d:FurnitureFittings 2024-03-31 03053166 d:FurnitureFittings 2023-03-31 03053166 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03053166 d:ComputerEquipment 2023-04-01 2024-03-31 03053166 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03053166 d:CurrentFinancialInstruments 2024-03-31 03053166 d:CurrentFinancialInstruments 2023-03-31 03053166 d:Non-currentFinancialInstruments 2024-03-31 03053166 d:Non-currentFinancialInstruments 2023-03-31 03053166 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 03053166 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03053166 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 03053166 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 03053166 d:ShareCapital 2024-03-31 03053166 d:ShareCapital 2023-03-31 03053166 d:CapitalRedemptionReserve 2024-03-31 03053166 d:CapitalRedemptionReserve 2023-03-31 03053166 d:RetainedEarningsAccumulatedLosses 2024-03-31 03053166 d:RetainedEarningsAccumulatedLosses 2023-03-31 03053166 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 03053166 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 03053166 c:FRS102 2023-04-01 2024-03-31 03053166 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03053166 c:FullAccounts 2023-04-01 2024-03-31 03053166 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03053166 d:WithinOneYear 2024-03-31 03053166 d:WithinOneYear 2023-03-31 03053166 d:BetweenOneFiveYears 2024-03-31 03053166 d:BetweenOneFiveYears 2023-03-31 03053166 d:MoreThanFiveYears 2024-03-31 03053166 d:MoreThanFiveYears 2023-03-31 03053166 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 03053166










T. ALLEN ENGINEERING SERVICES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
T. ALLEN ENGINEERING SERVICES LIMITED
REGISTERED NUMBER: 03053166

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
158,286
144,310

Current assets
  

Stocks
  
198,935
277,101

Debtors: amounts falling due within one year
 5 
1,045,191
731,558

Cash at bank and in hand
  
374,489
796,355

  
1,618,615
1,805,014

Creditors: amounts falling due within one year
 6 
(964,906)
(814,035)

Net current assets
  
 
 
653,709
 
 
990,979

Total assets less current liabilities
  
811,995
1,135,289

Creditors: amounts falling due after more than one year
 7 
-
(2,241)

Provisions for liabilities
  

Deferred tax
 8 
(36,764)
(33,091)

Net assets
  
775,231
1,099,957


Capital and reserves
  

Called up share capital 
  
1
1

Capital redemption reserve
  
1
1

Profit and loss account
  
775,229
1,099,955

  
775,231
1,099,957


Page 1

 
T. ALLEN ENGINEERING SERVICES LIMITED
REGISTERED NUMBER: 03053166
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 31 July 2024.




A J Mills
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
T. ALLEN ENGINEERING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

T Allen Engineering Services Limited is a private company limited by shares, incorporated in England and Wales (registered number: 03053166). Its registered office address is Unit 11, Stonebroom Industrial Estate, Stonebroom, Derby, DE55 6LQ. The principal activity of the Company throughout the year continued to be that of supplying engineering equipment.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The Company's functional and presentation curreny is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

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.

Page 3

 
T. ALLEN ENGINEERING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue 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. Revenue 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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue 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.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

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 Income and Retained Earnings in the same period as the related expenditure.

Page 4

 
T. ALLEN ENGINEERING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.

 
2.8

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.

Page 5

 
T. ALLEN ENGINEERING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

Depreciation is provided on the following basis:

Plant and machinery
-
15%
Straight line
Motor vehicles
-
25%
Reducing balance
Fixtures and fittings
-
33%
Straight line
Computer equipment
-
33%
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.

 
2.9

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.

 
2.10

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, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

Page 6

 
T. ALLEN ENGINEERING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 29 (2023 - 32).


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures, fittings and equipment
Total

£
£
£
£



Cost 


At 1 April 2023
94,739
194,596
86,526
375,861


Additions
4,441
50,962
5,209
60,612


Disposals
-
(36,863)
-
(36,863)



At 31 March 2024

99,180
208,695
91,735
399,610



Depreciation


At 1 April 2023
55,608
112,309
63,634
231,551


Charge for the year on owned assets
7,707
23,922
8,827
40,456


Disposals
-
(30,683)
-
(30,683)



At 31 March 2024

63,315
105,548
72,461
241,324



Net book value



At 31 March 2024
35,865
103,147
19,274
158,286



At 31 March 2023
39,131
82,287
22,892
144,310


5.


Debtors

2024
2023
£
£


Trade debtors
978,631
681,954

Other debtors
2,305
3,372

Prepayments and accrued income
64,255
46,232

1,045,191
731,558


Page 7

 
T. ALLEN ENGINEERING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
295,468
326,538

Amounts owed to group undertakings
58,748
62,233

Corporation tax
194,979
142,879

Other taxation and social security
138,391
149,791

Other creditors
43,461
44,128

Accruals and deferred income
233,859
88,466

964,906
814,035



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
-
2,241



8.


Deferred taxation




2024


£






At beginning of year
33,091


Charge to profit or loss
3,673



At end of year
36,764

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
36,764
33,091

36,764
33,091

Page 8

 
T. ALLEN ENGINEERING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


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 £62,804 (2023 - £64,438).


10.


Commitments under operating leases

At 31 March 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
46,710
44,640

Later than 1 year and not later than 5 years
185,220
176,805

Later than 5 years
87,937
127,850

319,867
349,295


11.


Controlling party

T Allen Holdings Limited, a company registered in England and Wales, owns 100% of the share capital of the company. T Allen Engineering Services Employee-Ownership Trust is the beneficial owner of the shares in T Allen Holdings Limited.

 
Page 9