Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-3121The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.52023-01-01falseNo description of principal activitytruetruefalse 02532541 2023-01-01 2023-12-31 02532541 2022-01-01 2022-12-31 02532541 2023-12-31 02532541 2022-12-31 02532541 c:Director1 2023-01-01 2023-12-31 02532541 d:PlantMachinery 2023-01-01 2023-12-31 02532541 d:PlantMachinery 2023-12-31 02532541 d:PlantMachinery 2022-12-31 02532541 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02532541 d:MotorVehicles 2023-01-01 2023-12-31 02532541 d:MotorVehicles 2023-12-31 02532541 d:MotorVehicles 2022-12-31 02532541 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02532541 d:FurnitureFittings 2023-01-01 2023-12-31 02532541 d:FurnitureFittings 2023-12-31 02532541 d:FurnitureFittings 2022-12-31 02532541 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02532541 d:ComputerEquipment 2023-01-01 2023-12-31 02532541 d:ComputerEquipment 2023-12-31 02532541 d:ComputerEquipment 2022-12-31 02532541 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02532541 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02532541 d:CurrentFinancialInstruments 2023-12-31 02532541 d:CurrentFinancialInstruments 2022-12-31 02532541 d:Non-currentFinancialInstruments 2023-12-31 02532541 d:Non-currentFinancialInstruments 2022-12-31 02532541 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 02532541 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 02532541 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 02532541 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 02532541 d:ShareCapital 2023-12-31 02532541 d:ShareCapital 2022-12-31 02532541 d:SharePremium 2023-12-31 02532541 d:SharePremium 2022-12-31 02532541 d:CapitalRedemptionReserve 2023-12-31 02532541 d:CapitalRedemptionReserve 2022-12-31 02532541 d:RetainedEarningsAccumulatedLosses 2023-12-31 02532541 d:RetainedEarningsAccumulatedLosses 2022-12-31 02532541 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 02532541 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 02532541 c:OrdinaryShareClass1 2023-01-01 2023-12-31 02532541 c:OrdinaryShareClass1 2023-12-31 02532541 c:OrdinaryShareClass1 2022-12-31 02532541 c:FRS102 2023-01-01 2023-12-31 02532541 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 02532541 c:FullAccounts 2023-01-01 2023-12-31 02532541 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02532541 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 02532541










ENGINEERING & DEVELOPMENTS LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023



 
ENGINEERING & DEVELOPMENTS LTD
REGISTERED NUMBER: 02532541

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
106,307

  
-
106,307

Current assets
  

Stocks
 5 
65,800
447,464

Debtors: amounts falling due after more than one year
 6 
994,142
799,494

Debtors: amounts falling due within one year
 6 
7,533
268,717

Cash at bank and in hand
  
8,061
9,792

  
1,075,536
1,525,467

Current liabilities
  

Creditors: amounts falling due within one year
 7 
(78,851)
(619,903)

Net current assets
  
 
 
996,685
 
 
905,564

Total assets less current liabilities
  
996,685
1,011,871

Creditors: amounts falling due after more than one year
 8 
(596,006)
(516,514)

Provisions for liabilities
  

Deferred tax
 10 
-
(22,315)

  
 
 
-
 
 
(22,315)

Net assets
  
400,679
473,042


Capital and reserves
  

Called up share capital 
 11 
41,177
41,177

Share premium account
  
4,800
4,800

Capital redemption reserve
  
23,823
23,823

Profit and loss account
  
330,879
403,242

  
400,679
473,042


Page 1

 
ENGINEERING & DEVELOPMENTS LTD
REGISTERED NUMBER: 02532541

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

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 comprehensive income 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: 




K Davis
Director

Date: 3 September 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
ENGINEERING & DEVELOPMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Engineering & Developments Limited is a private company limited by shares, registered in England and Wales. The company's registered office address is Minekeep House, Bridge Road, Camberley, Surrey, GU15 2QZ.

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 the invoiced value of goods and services supplied by the Company, net of Value Added Tax and trade discounts.

 
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.

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.

 
2.4

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.

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
-
17.5% reducing balance
Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
33.33% reducing balance
Computer equipment
-
25% reducing balance

 
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 weighted average 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.

Page 3

 
ENGINEERING & DEVELOPMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of
financial assets and laibilities like trade and other debtors and creditors, loans from banks and other
third parties and loans to related parties.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2022 - 21).

Page 4

 
ENGINEERING & DEVELOPMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£





At 1 January 2023
856,178
56,587
17,025
42,315
972,105


Disposals
(856,178)
(56,587)
(17,025)
(42,315)
(972,105)



At 31 December 2023

-
-
-
-
-





At 1 January 2023
760,847
53,534
15,158
36,259
865,798


Charge for the year on owned assets
3,841
312
170
594
4,917


Disposals
(764,688)
(53,846)
(15,328)
(36,853)
(870,715)



At 31 December 2023

-
-
-
-
-



Net book value



At 31 December 2023
-
-
-
-
-



At 31 December 2022
95,331
3,053
1,867
6,056
106,307


5.


Stocks

2023
2022
£
£

Finished goods and goods for resale
65,800
447,464


Page 5

 
ENGINEERING & DEVELOPMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors

2023
2022
£
£

Due after more than one year

Amounts owed by group undertakings
994,142
799,494


2023
2022
£
£

Due within one year

Trade debtors
7,506
184,600

Amounts owed by group undertakings
-
57,510

Other debtors
27
21,337

Prepayments and accrued income
-
5,270

7,533
268,717



7.


Creditors: amounts falling due within one year

2023
2022
£
£

Other loans
27,136
238,859

Trade creditors
16,732
148,435

Other taxation and social security
19,916
80,761

Other creditors
12,428
100,902

Accruals and deferred income
2,639
50,946

78,851
619,903


Included in the creditors above are unpaid pensions of £NIL (2022 - £271).

Page 6

 
ENGINEERING & DEVELOPMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Creditors: amounts falling due after more than one year

2023
2022
£
£

Amounts owed to group undertakings
596,006
516,514



9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Other loans
27,136
238,859





Other loans are secured against the assets they relate to and are repayable over the agreed terms.


10.


Deferred taxation




2023


£






At beginning of year
(22,315)


Charged to profit or loss
22,315



At end of year
-

The deferred taxation balance is made up as follows:

2023
2022
£
£


Accelerated capital allowances
-
(22,315)

-
(22,315)


11.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



164,708 (2022 - 164,708) Ordinary shares of £0.25 each
41,177
41,177


Page 7

 
ENGINEERING & DEVELOPMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

12.


Related party transactions

The directors have taken advange of the provisions of FRS 102 section 33.1A by not disclosing intercompany transactions and balances with other group companies.
During the year, the company paid rent and property expenses of £11,410 (2022 - £17,889) to Minekeep Limited, a company under common control of the previous owners. 


13.


Controlling party and individual

The ultimate parent company is Enhanced Engineering Group Limited.
In the opinion of the directors, Enhanced Engineering Group Limited is not controlled by any one person.


Page 8