Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-01falseNo description of principal activity1919truetruefalse 04319620 2023-01-01 2023-12-31 04319620 2022-01-01 2022-12-31 04319620 2023-12-31 04319620 2022-12-31 04319620 c:Director1 2023-01-01 2023-12-31 04319620 d:PlantMachinery 2023-01-01 2023-12-31 04319620 d:PlantMachinery 2023-12-31 04319620 d:PlantMachinery 2022-12-31 04319620 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04319620 d:FurnitureFittings 2023-01-01 2023-12-31 04319620 d:FurnitureFittings 2023-12-31 04319620 d:FurnitureFittings 2022-12-31 04319620 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04319620 d:ComputerEquipment 2023-01-01 2023-12-31 04319620 d:ComputerEquipment 2023-12-31 04319620 d:ComputerEquipment 2022-12-31 04319620 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04319620 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04319620 d:Goodwill 2023-12-31 04319620 d:Goodwill 2022-12-31 04319620 d:CurrentFinancialInstruments 2023-12-31 04319620 d:CurrentFinancialInstruments 2022-12-31 04319620 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04319620 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04319620 d:ShareCapital 2023-12-31 04319620 d:ShareCapital 2022-12-31 04319620 d:RetainedEarningsAccumulatedLosses 2023-12-31 04319620 d:RetainedEarningsAccumulatedLosses 2022-12-31 04319620 c:FRS102 2023-01-01 2023-12-31 04319620 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04319620 c:FullAccounts 2023-01-01 2023-12-31 04319620 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04319620 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 04319620 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 04319620 2 2023-01-01 2023-12-31 04319620 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 04319620









RELIANT MACHINERY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
RELIANT MACHINERY LIMITED
REGISTERED NUMBER: 04319620

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
2,664
4,603

  
2,664
4,603

Current assets
  

Stocks
 6 
1,070,286
756,192

Debtors: amounts falling due within one year
 7 
1,953,723
2,106,176

Cash at bank and in hand
 8 
76,295
276,016

  
3,100,304
3,138,384

Creditors: amounts falling due within one year
 9 
(627,558)
(806,085)

Net current assets
  
 
 
2,472,746
 
 
2,332,299

Total assets less current liabilities
  
2,475,410
2,336,902

Provisions for liabilities
  

Deferred tax
 10 
-
(356)

  
 
 
-
 
 
(356)

Net assets
  
2,475,410
2,336,546


Capital and reserves
  

Called up share capital 
  
10,000
10,000

Profit and loss account
  
2,465,410
2,326,546

  
2,475,410
2,336,546


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

 
RELIANT MACHINERY LIMITED
REGISTERED NUMBER: 04319620
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






................................................
D Bacharach
Director
Date: 27 August 2024

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

Page 2

 
RELIANT MACHINERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Reliant Machinery Limited is a company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is is First Floor Radius House, 51 Clarendon Road, Watford, WD17 1HP.
The company's principal activity is the development and manufacture of fusing and laminating technology.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.4

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

 
RELIANT MACHINERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using straight line and reducing balance methods.

Depreciation is provided on the following basis:

Plant and machinery
-
10% straight line, 20% straight line & 15% reducing balance
Fixtures and fittings
-
20% reducing balance
Computer equipment
-
33.3% 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.

 
2.5

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.

 
2.6

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.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

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.

Page 4

 
RELIANT MACHINERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

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.

 
2.10

Interest income

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

 
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 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.

 
2.12

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.

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 balance sheet date.

Page 5

 
RELIANT MACHINERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 19 (2022 - 19).


4.


Intangible assets




Goodwill

£



Cost


At 1 January 2023
5,000



At 31 December 2023

5,000



Amortisation


At 1 January 2023
5,000



At 31 December 2023

5,000



Net book value



At 31 December 2023
-



At 31 December 2022
-



Page 6

 
RELIANT MACHINERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Plant & machinery
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2023
132,725
10,945
70,179
213,849


Additions
-
-
1,082
1,082



At 31 December 2023

132,725
10,945
71,261
214,931



Depreciation


At 1 January 2023
129,101
10,945
69,200
209,246


Charge for the year on owned assets
1,881
-
1,140
3,021



At 31 December 2023

130,982
10,945
70,340
212,267



Net book value



At 31 December 2023
1,743
-
921
2,664



At 31 December 2022
3,624
-
979
4,603


6.


Stocks

2023
2022
£
£

Finished goods and goods for resale
1,070,286
756,192

1,070,286
756,192


Page 7

 
RELIANT MACHINERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Debtors

2023
2022
£
£


Trade debtors
9,759
78,053

Amounts owed by group undertakings
1,916,529
1,998,527

Other debtors
6,041
6,429

Prepayments and accrued income
21,394
23,167

1,953,723
2,106,176



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
76,295
276,016

76,295
276,016



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Payments received on account
42,080
276,863

Trade creditors
185,480
84,783

Amounts owed to group undertakings
214,031
214,031

Corporation tax
43,262
79,277

Other taxation and social security
48,249
48,121

Other creditors
1,174
1,386

Accruals and deferred income
93,282
101,624

627,558
806,085


Page 8

 
RELIANT MACHINERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


Deferred taxation




2023


£






At beginning of year
(356)


Charged to profit or loss
356



At end of year
-

The deferred taxation balance is made up as follows:

2023
2022
£
£


Accelerated capital allowances
-
(356)

-
(356)


11.


Pension commitments

The company operates a defined contribution Pension Scheme.  The assets of the scheme are held seperately from those of the Company in an independently administered fund.  The pension cost charge represent contributions payable by the Company to the fund and amounted to £12,710 (2022 - £12,997).


12.


Related party transactions

At the balance sheet date the company was owed net of £1,702,498 (2022 - £1,784,496) by companies under common control.

 
Page 9