Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-05-01falseNo description of principal activity56falsetrue SC616518 2023-05-01 2024-04-30 SC616518 2022-05-01 2023-04-30 SC616518 2024-04-30 SC616518 2023-04-30 SC616518 c:Director1 2023-05-01 2024-04-30 SC616518 c:Director2 2023-05-01 2024-04-30 SC616518 c:Director3 2023-05-01 2024-04-30 SC616518 c:RegisteredOffice 2023-05-01 2024-04-30 SC616518 d:PlantMachinery 2023-05-01 2024-04-30 SC616518 d:PlantMachinery 2024-04-30 SC616518 d:PlantMachinery 2023-04-30 SC616518 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC616518 d:OfficeEquipment 2023-05-01 2024-04-30 SC616518 d:OfficeEquipment 2024-04-30 SC616518 d:OfficeEquipment 2023-04-30 SC616518 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC616518 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC616518 d:CurrentFinancialInstruments 2024-04-30 SC616518 d:CurrentFinancialInstruments 2023-04-30 SC616518 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 SC616518 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 SC616518 d:ShareCapital 2024-04-30 SC616518 d:ShareCapital 2023-04-30 SC616518 d:RetainedEarningsAccumulatedLosses 2024-04-30 SC616518 d:RetainedEarningsAccumulatedLosses 2023-04-30 SC616518 c:OrdinaryShareClass1 2023-05-01 2024-04-30 SC616518 c:OrdinaryShareClass1 2024-04-30 SC616518 c:OrdinaryShareClass1 2023-04-30 SC616518 c:OrdinaryShareClass2 2023-05-01 2024-04-30 SC616518 c:OrdinaryShareClass2 2024-04-30 SC616518 c:OrdinaryShareClass2 2023-04-30 SC616518 c:FRS102 2023-05-01 2024-04-30 SC616518 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 SC616518 c:FullAccounts 2023-05-01 2024-04-30 SC616518 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC616518 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC616518










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

 
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 Limited
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 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
163,103
25,344

  
163,103
25,344

Current assets
  

Stocks
  
890,012
709,861

Debtors: amounts falling due within one year
 5 
646,081
606,098

Cash at bank and in hand
  
1,199,180
995,081

  
2,735,273
2,311,040

Creditors: amounts falling due within one year
 6 
(822,082)
(694,833)

Net current assets
  
 
 
1,913,191
 
 
1,616,207

Total assets less current liabilities
  
2,076,294
1,641,551

Provisions for liabilities
  

Deferred tax
  
(33,712)
(6,336)

  
 
 
(33,712)
 
 
(6,336)

Net assets
  
2,042,582
1,635,215


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
2,042,482
1,635,115

  
2,042,582
1,635,215


Page 1

 
PROCLADD (SMALL WORKS) LIMITED
REGISTERED NUMBER: SC616518

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 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 August 2024.




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 2024

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 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 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
-
20%
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 2024

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 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 directors, during the year was 5 (2023 - 6).


4.


Tangible fixed assets





Plant and machinery
Office equipment
Total

£
£
£



Cost or valuation


At 1 May 2023
2,008
37,600
39,608


Additions
1,362
167,897
169,259



At 30 April 2024

3,370
205,497
208,867



Depreciation


At 1 May 2023
446
13,818
14,264


Charge for the year on owned assets
674
30,826
31,500



At 30 April 2024

1,120
44,644
45,764



Net book value



At 30 April 2024
2,250
160,853
163,103



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

Page 4

 
PROCLADD (SMALL WORKS) LIMITED
 

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

5.


Debtors

2024
2023
£
£


Trade debtors
-
5,152

Amounts owed by group undertakings
373,060
373,658

Other debtors
273,021
227,288

646,081
606,098



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
601,061
498,993

Other taxation and social security
4,011
3,237

Other creditors
187,068
186,183

Accruals and deferred income
29,942
6,420

822,082
694,833


Page 5

 
PROCLADD (SMALL WORKS) LIMITED
 

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

7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



90 (2023 - 90) Ordinary A shares of £1.00 each
90
90
10 (2023 - 10) Ordinary B shares of £1.00 each
10
10

100

100



Page 6