Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30truefalse2023-05-01No description of principal activity2933trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC135801 2023-05-01 2024-04-30 SC135801 2022-05-01 2023-04-30 SC135801 2024-04-30 SC135801 2023-04-30 SC135801 c:Director2 2023-05-01 2024-04-30 SC135801 c:Director3 2023-05-01 2024-04-30 SC135801 c:Director4 2023-05-01 2024-04-30 SC135801 c:Director5 2023-05-01 2024-04-30 SC135801 c:Director6 2023-05-01 2024-04-30 SC135801 c:RegisteredOffice 2023-05-01 2024-04-30 SC135801 d:Buildings 2023-05-01 2024-04-30 SC135801 d:Buildings 2024-04-30 SC135801 d:Buildings 2023-04-30 SC135801 d:Buildings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC135801 d:PlantMachinery 2023-05-01 2024-04-30 SC135801 d:PlantMachinery 2024-04-30 SC135801 d:PlantMachinery 2023-04-30 SC135801 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC135801 d:MotorVehicles 2023-05-01 2024-04-30 SC135801 d:MotorVehicles 2024-04-30 SC135801 d:MotorVehicles 2023-04-30 SC135801 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC135801 d:OfficeEquipment 2023-05-01 2024-04-30 SC135801 d:OfficeEquipment 2024-04-30 SC135801 d:OfficeEquipment 2023-04-30 SC135801 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC135801 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC135801 d:CurrentFinancialInstruments 2024-04-30 SC135801 d:CurrentFinancialInstruments 2023-04-30 SC135801 d:Non-currentFinancialInstruments 2024-04-30 SC135801 d:Non-currentFinancialInstruments 2023-04-30 SC135801 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 SC135801 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 SC135801 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 SC135801 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 SC135801 d:ShareCapital 2024-04-30 SC135801 d:ShareCapital 2023-04-30 SC135801 d:OtherMiscellaneousReserve 2024-04-30 SC135801 d:OtherMiscellaneousReserve 2023-04-30 SC135801 d:RetainedEarningsAccumulatedLosses 2024-04-30 SC135801 d:RetainedEarningsAccumulatedLosses 2023-04-30 SC135801 c:OrdinaryShareClass1 2023-05-01 2024-04-30 SC135801 c:OrdinaryShareClass1 2024-04-30 SC135801 c:OrdinaryShareClass1 2023-04-30 SC135801 c:OrdinaryShareClass2 2023-05-01 2024-04-30 SC135801 c:OrdinaryShareClass2 2024-04-30 SC135801 c:OrdinaryShareClass2 2023-04-30 SC135801 c:OrdinaryShareClass3 2023-05-01 2024-04-30 SC135801 c:OrdinaryShareClass3 2024-04-30 SC135801 c:OrdinaryShareClass3 2023-04-30 SC135801 c:OrdinaryShareClass4 2023-05-01 2024-04-30 SC135801 c:OrdinaryShareClass4 2024-04-30 SC135801 c:OrdinaryShareClass4 2023-04-30 SC135801 c:FRS102 2023-05-01 2024-04-30 SC135801 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 SC135801 c:FullAccounts 2023-05-01 2024-04-30 SC135801 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC135801 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC135801










PROCLADD (SCOTLAND) LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

 
PROCLADD (SCOTLAND) LIMITED
 

COMPANY INFORMATION


Directors
K W Burrell 
W S Tulloch 
A Burrell 
S Burrell 
F Burrell 




Registered number
SC135801



Registered office
8 Candymill Lane
Bothwell Bridge Business Park

Hamilton

Lanarkshire

ML3 0FD




Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
PROCLADD (SCOTLAND) LIMITED
REGISTERED NUMBER: SC135801

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
271,633
373,089

  
271,633
373,089

Current assets
  

Stocks
  
1,070,117
854,534

Debtors: amounts falling due within one year
 5 
993,369
835,078

Bank and cash balances
  
2,140,126
1,751,999

  
4,203,612
3,441,611

Creditors: amounts falling due within one year
 6 
(3,094,129)
(2,862,738)

Net current assets
  
 
 
1,109,483
 
 
578,873

Total assets less current liabilities
  
1,381,116
951,962

Creditors: amounts falling due after more than one year
 7 
(112,500)
(410,111)

Provisions for liabilities
  

Other provisions
  
(3,696)
(5,545)

  
 
 
(3,696)
 
 
(5,545)

Net assets
  
1,264,920
536,306


Capital and reserves
  

Called up share capital 
 8 
40
40

Other reserves
  
40
40

Profit and loss account
  
1,264,840
536,226

  
1,264,920
536,306


Page 1

 
PROCLADD (SCOTLAND) LIMITED
REGISTERED NUMBER: SC135801

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 August 2024.




K W Burrell
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
PROCLADD (SCOTLAND) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Procladd (Scotland) Limited is a private company, limited by shares, domiciled in Scotland with registration number SC135801. The registered office and principal place of business is 8 Candymill Lane, Bothwell Bridge Business Park, Hamilton, Lanarkshire, ML3 0FD. 

2.Accounting policies

 
2.1

Turnover

 is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured.  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 turnover is recognised:

Rendering of services

 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 turnover 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.

 
2.2

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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
PROCLADD (SCOTLAND) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

Taxation

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 reporting date in the countries where the Company operates and generates income.

  
2.6

Long-term contracts

Profit on long-term contracts is taken as the work is carried out if the final outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of the work carried out at the year end, by recording turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs incurred to date dear to total expected costs for that contract. Revenues derived from variations on contracts are recognised only when they have been accepted by the customer. Full provision is made for losses on all contracts in the year in which they are first foreseen. 

 
2.7

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.

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Motor vehicles
-
25%
Office equipment
-
25%

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.

 
2.8

Work in progress

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 work in progress 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.

Page 4

 
PROCLADD (SCOTLAND) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Employees
29
33


4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 May 2023
165,000
129,053
237,976
448,844
980,873


Additions
-
1,299
-
-
1,299


Disposals
-
-
(134,245)
-
(134,245)



At 30 April 2024

165,000
130,352
103,731
448,844
847,927



Depreciation


At 1 May 2023
-
113,997
143,510
350,277
607,784


Charge for the year on owned assets
-
4,089
6,838
24,706
35,633


Disposals
-
-
(67,123)
-
(67,123)



At 30 April 2024

-
118,086
83,225
374,983
576,294



Net book value



At 30 April 2024
165,000
12,266
20,506
73,861
271,633



At 30 April 2023
165,000
15,056
94,466
98,567
373,089

Page 5

 
PROCLADD (SCOTLAND) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Debtors

2024
2023
£
£


Trade debtors
897,664
657,506

Prepayments and accrued income
782
8,908

Tax recoverable
94,923
168,664

993,369
835,078



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
67,681
-

Bank loans
170,000
170,000

Trade creditors
2,278,121
2,188,970

Amounts owed to group undertakings
373,061
373,658

Other taxation and social security
57,701
73,142

Obligations under finance lease and hire purchase contracts
42,475
20,720

Other creditors
80,717
5,675

Accruals and deferred income
24,373
30,573

3,094,129
2,862,738


 Hire purchase
Obligations under finance lease and hire purchase contracts are secured against the assets to which they relate.


7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
112,500
282,500

Net obligations under finance leases and hire purchase contracts
-
127,611

112,500
410,111


Hire purchase
Obligations under finance lease and hire purchase contracts are secured against the assets to which they relate.

Page 6

 
PROCLADD (SCOTLAND) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



34 (2023 - 34) Ordinary shares of £1.00 each
34
34
2 (2023 - 2) A shares of £1.00 each
2
2
2 (2023 - 2) B shares of £1.00 each
2
2
2 (2023 - 2) C shares of £1.00 each
2
2

40

40



Page 7