Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-3052023-05-01falseNo description of principal activity6falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02485929 2023-05-01 2024-04-30 02485929 2022-05-01 2023-04-30 02485929 2024-04-30 02485929 2023-04-30 02485929 c:Director1 2023-05-01 2024-04-30 02485929 d:PlantMachinery 2023-05-01 2024-04-30 02485929 d:PlantMachinery 2024-04-30 02485929 d:PlantMachinery 2023-04-30 02485929 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02485929 d:MotorVehicles 2023-05-01 2024-04-30 02485929 d:MotorVehicles 2024-04-30 02485929 d:MotorVehicles 2023-04-30 02485929 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02485929 d:FurnitureFittings 2023-05-01 2024-04-30 02485929 d:FurnitureFittings 2024-04-30 02485929 d:FurnitureFittings 2023-04-30 02485929 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02485929 d:OfficeEquipment 2023-05-01 2024-04-30 02485929 d:OfficeEquipment 2024-04-30 02485929 d:OfficeEquipment 2023-04-30 02485929 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02485929 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02485929 d:CurrentFinancialInstruments 2024-04-30 02485929 d:CurrentFinancialInstruments 2023-04-30 02485929 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 02485929 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 02485929 d:ShareCapital 2024-04-30 02485929 d:ShareCapital 2023-04-30 02485929 d:OtherMiscellaneousReserve 2024-04-30 02485929 d:OtherMiscellaneousReserve 2023-04-30 02485929 d:RetainedEarningsAccumulatedLosses 2024-04-30 02485929 d:RetainedEarningsAccumulatedLosses 2023-04-30 02485929 c:FRS102 2023-05-01 2024-04-30 02485929 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 02485929 c:FullAccounts 2023-05-01 2024-04-30 02485929 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 02485929 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 02485929 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 02485929 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 02485929









CONTROL TECH LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
CONTROL TECH LIMITED
REGISTERED NUMBER: 02485929

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
18,656
24,873

  
18,656
24,873

Current assets
  

Stocks
  
14,700
3,500

Debtors: amounts falling due within one year
 5 
150,055
197,825

Cash at bank and in hand
  
297,112
296,845

  
461,867
498,170

Creditors: amounts falling due within one year
 6 
(163,120)
(224,057)

Net current assets
  
 
 
298,747
 
 
274,113

Total assets less current liabilities
  
317,403
298,986

Provisions for liabilities
  

Deferred tax
 7 
-
(335)

  
 
 
-
 
 
(335)

Net assets
  
317,403
298,651


Capital and reserves
  

Called up share capital 
  
70,600
70,600

Other reserves
  
112,947
112,947

Profit and loss account
  
133,856
115,104

  
317,403
298,651


The director considers 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 director acknowledges his 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.
Page 1

 
CONTROL TECH LIMITED
REGISTERED NUMBER: 02485929
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 July 2024.




Craig Graham Davison
Director

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

Page 2

 
CONTROL TECH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Control Tech Limited is a private company limited by shares, registered in England and Wales, company number 02485929. Its registered office is situate at 4 Bridge Business Park, Whetsted Road, Five Oak Green, Kent TN12 6RS. The principal activity is the supply of pneumatic controls.

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

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:

 
2.3

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.

 
2.4

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.

 
2.5

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

 
CONTROL TECH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
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 reporting 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 reporting 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 reporting date.

 
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.

Depreciation 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 & machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Fixtures & fittings
-
25% reducing balance
Office equipment
-
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.

Page 4

 
CONTROL TECH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

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 6 (2023 - 5).

Page 5

 
CONTROL TECH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Plant & machinery
Motor vehicles
Fixtures & fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 May 2023
17,427
68,604
6,532
10,232
102,795



At 30 April 2024

17,427
68,604
6,532
10,232
102,795



Depreciation


At 1 May 2023
17,413
45,051
6,344
9,113
77,921


Charge for the year on owned assets
4
5,888
47
279
6,218



At 30 April 2024

17,417
50,939
6,391
9,392
84,139



Net book value



At 30 April 2024
10
17,665
141
840
18,656



At 30 April 2023
14
23,553
188
1,118
24,873


5.


Debtors

2024
2023
£
£


Trade debtors
137,873
187,901

Other debtors
7,375
7,375

Prepayments and accrued income
4,807
2,549

150,055
197,825


Page 6

 
CONTROL TECH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
120,678
165,976

Amounts owed to group undertakings
-
20,279

Corporation tax
7,420
4,547

Other taxation and social security
17,427
22,996

Other creditors
853
3,854

Accruals and deferred income
16,742
6,405

163,120
224,057



7.


Deferred taxation




2024


£






At beginning of year
(335)


Credited to profit or loss
335



At end of year
-

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
-
(335)

-
(335)


8.


Pension commitments

The company made payments of £8421 to a workplace pension defined contribution plan in the year, £8421 per annum is the annual ongoing commitment.


9.


Related party transactions

A blood relative of the director is owed £564 interest-free at the end of the year included in Creditors - amounts falling due within one year. The parent company, Advanced Air Solutions Ltd, is owed £288  interest-free at the end of the year also included therein. 

 
Page 7