Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31142023-04-01falseNo description of principal activity14truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11840125 2023-04-01 2024-03-31 11840125 2022-04-01 2023-03-31 11840125 2024-03-31 11840125 2023-03-31 11840125 2022-04-01 11840125 c:Director1 2023-04-01 2024-03-31 11840125 c:Director2 2023-04-01 2024-03-31 11840125 d:PlantMachinery 2023-04-01 2024-03-31 11840125 d:PlantMachinery 2024-03-31 11840125 d:PlantMachinery 2023-03-31 11840125 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11840125 d:MotorVehicles 2023-04-01 2024-03-31 11840125 d:MotorVehicles 2024-03-31 11840125 d:MotorVehicles 2023-03-31 11840125 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11840125 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11840125 d:Goodwill 2023-04-01 2024-03-31 11840125 d:Goodwill 2024-03-31 11840125 d:Goodwill 2023-03-31 11840125 d:CurrentFinancialInstruments 2024-03-31 11840125 d:CurrentFinancialInstruments 2023-03-31 11840125 d:Non-currentFinancialInstruments 2024-03-31 11840125 d:Non-currentFinancialInstruments 2023-03-31 11840125 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11840125 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11840125 d:ShareCapital 2024-03-31 11840125 d:ShareCapital 2023-03-31 11840125 d:SharePremium 2024-03-31 11840125 d:SharePremium 2023-03-31 11840125 d:RetainedEarningsAccumulatedLosses 2024-03-31 11840125 d:RetainedEarningsAccumulatedLosses 2023-03-31 11840125 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 11840125 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 11840125 d:TaxLossesCarry-forwardsDeferredTax 2024-03-31 11840125 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 11840125 d:OtherDeferredTax 2024-03-31 11840125 d:OtherDeferredTax 2023-03-31 11840125 c:FRS102 2023-04-01 2024-03-31 11840125 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11840125 c:FullAccounts 2023-04-01 2024-03-31 11840125 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11840125 2 2023-04-01 2024-03-31 11840125 7 2023-04-01 2024-03-31 11840125 d:Goodwill d:OwnedIntangibleAssets 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

11840125







TATE & TONBRIDGE AUTOMATION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED
31 MARCH 2024

































TATE & TONBRIDGE AUTOMATION LIMITED
REGISTERED NUMBER:11840125

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
61,500
73,800

Tangible fixed assets
 5 
119,335
85,900

  
180,835
159,700

Current assets
  

Stocks
 6 
104,811
102,250

Debtors: amounts falling due after more than one year
 7 
10,327
-

Debtors: amounts falling due within one year
 7 
86,869
104,395

Cash at bank and in hand
  
282,471
313,970

  
484,478
520,615

Creditors: amounts falling due within one year
 8 
(286,210)
(320,443)

Net current assets
  
 
 
198,268
 
 
200,172

Total assets less current liabilities
  
379,103
359,872

Provisions for liabilities
  

Deferred tax
 9 
(24,152)
(15,956)

Net assets
  
354,951
343,916


Capital and reserves
  

Called up share capital 
  
6
6

Share premium account
  
252,059
252,059

Profit and loss account
  
102,886
91,851

  
354,951
343,916


Page 1

TATE & TONBRIDGE AUTOMATION LIMITED
REGISTERED NUMBER:11840125
    
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 by: 




G. J. Tate
N. P. Tate
Director
Director


Date: 12 August 2024
Date12 August 2024

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

Page 2

TATE & TONBRIDGE AUTOMATION LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Tate & Tonbridge Automation Limited is a limited company domiciled and incorporated in England and Wales.
The address of its registered office is Yellowcoat Sawmill, Hastings Road, Flimwell, Wadhurst, East Sussex, TN5 7PR. 
The address of its principal place of business is Unit 5, Spelmonden Farm, Spelmonden Road, Goudhurst, TN17 1HD.

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.
Monetary amounts in these financial statements are stated in pounds sterling and are rounded to the nearest whole £1, except where otherwise indicated.

The following principal accounting policies have been applied:

 
2.2

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:

Supply-only: revenue is recognised when the goods are collected or received by the customer.
I
nstallation: for smaller contracting jobs, revenue is recognised on completion of the work undertaken, whereas for the larger contracting jobs, revenue is recognised on a monthly basis for the work completed to date.

 
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.

Page 3

TATE & TONBRIDGE AUTOMATION LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

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
-
15/25/33% reducing basis
Motor vehicles
-
25% reducing balance

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.

 
2.4

Intangible assets

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of income and retained earnings over its useful economic life.

 The estimated useful lives range as follows:

Goodwill
-
10
years

 
2.5

Leased assets: the Company as lessee

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

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value after making due allowances for obsolete and slow moving stock. 

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. 

 
2.8

Interest income

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

 
2.9

Creditors

Short term creditors are measured at the transaction price. 

Page 4

TATE & TONBRIDGE AUTOMATION LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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 and other third parties and loans to related parties.

 
2.11

  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 the Statement of income and retained earnings 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 adminstered funds. 

 
2.12

 Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of income and retained earnings on a straight line basis over the lease term.

 
2.13

  Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the Balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the Balance sheet date.

 
2.14

  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. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 5

TATE & TONBRIDGE AUTOMATION 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 14 (2023 - 14).


4.


Intangible assets




Goodwill

£



Cost


At 1 April 2023
123,000



At 31 March 2024

123,000



Amortisation


At 1 April 2023
49,200


Charge for the year
12,300



At 31 March 2024

61,500



Net book value



At 31 March 2024
61,500



At 31 March 2023
73,800



Page 6

TATE & TONBRIDGE AUTOMATION LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Tangible fixed asset





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 April 2023
74,949
124,650
199,599


Additions
-
63,741
63,741


Disposals
-
(15,340)
(15,340)



At 31 March 2024

74,949
173,051
248,000



Depreciation


At 1 April 2023
36,726
76,973
113,699


Charge for the year on owned assets
6,241
20,323
26,564


Disposals
-
(11,599)
(11,599)



At 31 March 2024

42,967
85,697
128,664



Net book value



At 31 March 2024
31,982
87,354
119,336



At 31 March 2023
38,223
47,677
85,900

Page 7

TATE & TONBRIDGE AUTOMATION LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Stocks

2024
2023
£
£

Work in progress
28,582
34,586

Finished goods and goods for resale
76,229
67,664

104,811
102,250



7.


Debtors

2024
2023

Other debtors
10,327
-


2024
2023
£
£

Trade debtors
29,036
65,618

Trade creditors owed by related companies
2,792
1,911

Other debtors
15,866
1,413

Prepayments and accrued income
39,175
35,453

86,869
104,395



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
36,971
33,726

Amounts owed to related companies
102,103
62,750

Corporation tax
-
6,427

Other taxation and social security
24,537
27,953

Other creditors
2,827
23,099

Accruals and deferred income
119,772
166,488

286,210
320,443




Page 8

TATE & TONBRIDGE AUTOMATION LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Deferred taxation




2024
       2023


£

£






At beginning of year
(15,956)
(26,474)


Charged to profit or loss
(8,196)
10,518



At end of year
(24,152)
(15,956)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(29,834)
(16,321)

Tax losses carried forward
4,975
-

Short term timing differences
707
365

(24,152)
(15,956)

 
Page 9