Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30falsefalse2023-05-01No description of principal activity2726trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06993272 2023-05-01 2024-04-30 06993272 2022-05-01 2023-04-30 06993272 2024-04-30 06993272 2023-04-30 06993272 c:Director1 2023-05-01 2024-04-30 06993272 d:Buildings 2023-05-01 2024-04-30 06993272 d:Buildings 2024-04-30 06993272 d:Buildings 2023-04-30 06993272 d:Buildings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 06993272 d:Buildings d:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 06993272 d:PlantMachinery 2023-05-01 2024-04-30 06993272 d:PlantMachinery 2024-04-30 06993272 d:PlantMachinery 2023-04-30 06993272 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 06993272 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 06993272 d:MotorVehicles 2023-05-01 2024-04-30 06993272 d:MotorVehicles 2024-04-30 06993272 d:MotorVehicles 2023-04-30 06993272 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 06993272 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 06993272 d:FurnitureFittings 2023-05-01 2024-04-30 06993272 d:FurnitureFittings 2024-04-30 06993272 d:FurnitureFittings 2023-04-30 06993272 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 06993272 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 06993272 d:OfficeEquipment 2023-05-01 2024-04-30 06993272 d:OfficeEquipment 2024-04-30 06993272 d:OfficeEquipment 2023-04-30 06993272 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 06993272 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 06993272 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 06993272 d:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 06993272 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-30 06993272 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-30 06993272 d:CurrentFinancialInstruments 2024-04-30 06993272 d:CurrentFinancialInstruments 2023-04-30 06993272 d:Non-currentFinancialInstruments 2024-04-30 06993272 d:Non-currentFinancialInstruments 2023-04-30 06993272 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 06993272 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 06993272 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 06993272 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 06993272 d:ShareCapital 2024-04-30 06993272 d:ShareCapital 2023-04-30 06993272 d:RetainedEarningsAccumulatedLosses 2024-04-30 06993272 d:RetainedEarningsAccumulatedLosses 2023-04-30 06993272 c:FRS102 2023-05-01 2024-04-30 06993272 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 06993272 c:FullAccounts 2023-05-01 2024-04-30 06993272 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 06993272 d:HirePurchaseContracts d:WithinOneYear 2024-04-30 06993272 d:HirePurchaseContracts d:WithinOneYear 2023-04-30 06993272 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-04-30 06993272 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-04-30 06993272 2 2023-05-01 2024-04-30 06993272 7 2023-05-01 2024-04-30 06993272 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 06993272 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 06993272 d:TaxLossesCarry-forwardsDeferredTax 2024-04-30 06993272 d:TaxLossesCarry-forwardsDeferredTax 2023-04-30 06993272 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-04-30 06993272 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-04-30 06993272 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-04-30 06993272 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-04-30 06993272 d:LeasedAssetsHeldAsLessee 2024-04-30 06993272 d:LeasedAssetsHeldAsLessee 2023-04-30 06993272 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 06993272









ANGLIAN PLANT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
ANGLIAN PLANT LIMITED
REGISTERED NUMBER:06993272

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
6,300
6,300

Tangible assets
 5 
15,279,215
13,893,109

  
15,285,515
13,899,409

Current assets
  

Stocks
  
1,840
36,840

Debtors
 6 
1,349,034
1,844,963

Cash at bank and in hand
 7 
90,990
54,309

  
1,441,864
1,936,112

Creditors: amounts falling due within one year
 8 
(5,024,868)
(4,832,078)

Net current liabilities
  
 
 
(3,583,004)
 
 
(2,895,966)

Total assets less current liabilities
  
11,702,511
11,003,443

Creditors: amounts falling due after more than one year
 9 
(6,716,874)
(6,620,889)

Provisions for liabilities
  

Deferred tax
 11 
(1,328,192)
(1,166,219)

  
 
 
(1,328,192)
 
 
(1,166,219)

Net assets
  
3,657,445
3,216,335


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
3,657,245
3,216,135

  
3,657,445
3,216,335


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
Page 1

 
ANGLIAN PLANT LIMITED
REGISTERED NUMBER:06993272
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

subject to the small companies regime.

The Company has opted not to file the income statement 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 9 September 2024.




Mr J J Paterson
Director

The notes on pages 3 to 14 form part of these financial statements.

Page 2

 
ANGLIAN PLANT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Anglian Plant Limited is a private company limited by shares incorporated in England and Wales, registration number 06993272. The address of the registered office is Old Coal Yard, Muck lane, Rackheath, Norwich, Norfolk, NR13 6ST.

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 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.

 
2.2

Turnover

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. 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 turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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 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.

Page 3

 
ANGLIAN PLANT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.3

Leased assets: the Company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.4

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Income statement in the same period as the related expenditure.

 
2.6

Interest income

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

 
2.7

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.

Page 4

 
ANGLIAN PLANT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

 
2.10

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.

Page 5

 
ANGLIAN PLANT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.11

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 the following basis:.


Property improvements
-
2% straight line
Plant & machinery
-
15%, 25% reducing balance
Motor vehicles
-
25% reducing balance
Fixtures & fittings
-
15% reducing balance
Office equipment
-
33% 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.

 
2.12

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.

 
2.13

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.

 
2.14

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.

 
2.15

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the reporting date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the reporting date.

 
2.16

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of
Page 6

 
ANGLIAN PLANT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.16
Financial instruments (continued)

FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the
Page 7

 
ANGLIAN PLANT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.16
Financial instruments (continued)

contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.17

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

Page 8

 
ANGLIAN PLANT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 27 (2023 - 26).


4.


Intangible assets




Number plate

£



Cost


At 1 May 2023
6,300



At 30 April 2024

6,300






Net book value



At 30 April 2024
6,300



At 30 April 2023
6,300



Page 9

 
ANGLIAN PLANT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Tangible fixed assets





Property improvements
Plant & machinery
Motor vehicles
Fixtures & fittings
Office equipment

£
£
£
£
£



Cost or valuation


At 1 May 2023
97,577
19,074,552
1,040,381
16,108
34,402


Additions
-
4,655,480
548,949
-
9,127


Disposals
-
(2,702,488)
(181,137)
-
-



At 30 April 2024

97,577
21,027,544
1,408,193
16,108
43,529



Depreciation


At 1 May 2023
7,338
5,945,352
378,069
11,763
27,389


Charge for the year on owned assets
1,805
292,494
80,985
666
4,273


Charge for the year on financed assets
-
1,911,718
128,785
-
-


Disposals
-
(1,439,710)
(37,191)
-
-



At 30 April 2024

9,143
6,709,854
550,648
12,429
31,662



Net book value



At 30 April 2024
88,434
14,317,690
857,545
3,679
11,867



At 30 April 2023
90,239
13,129,200
662,312
4,345
7,013
Page 10

 
ANGLIAN PLANT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

           5.Tangible fixed assets (continued)


Total

£



Cost or valuation


At 1 May 2023
20,263,020


Additions
5,213,556


Disposals
(2,883,625)



At 30 April 2024

22,592,951



Depreciation


At 1 May 2023
6,369,911


Charge for the year on owned assets
380,223


Charge for the year on financed assets
2,040,503


Disposals
(1,476,901)



At 30 April 2024

7,313,736



Net book value



At 30 April 2024
15,279,215



At 30 April 2023
13,893,109

Page 11

 
ANGLIAN PLANT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

           5.Tangible fixed assets (continued)

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Plant and machinery
13,076,136
9,337,489

Motor vehicles
598,229
531,364

13,674,365
9,868,853


6.


Debtors

2024
2023
£
£

Due after more than one year

Due within one year

Trade debtors
1,308,274
1,500,522

Other debtors
8,751
321,108

Prepayments and accrued income
32,009
23,333

1,349,034
1,844,963



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
90,990
54,309

90,990
54,309


Page 12

 
ANGLIAN PLANT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
856,712
1,157,439

Other taxation and social security
71,945
60,310

Obligations under finance lease and hire purchase contracts
3,770,702
3,289,855

Other creditors
305,823
303,961

Accruals and deferred income
19,686
20,513

5,024,868
4,832,078



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
6,613,724
6,506,821

Other creditors
103,150
114,068

6,716,874
6,620,889


The following liabilities were secured:

2024
2023
£
£



Net obligations under finance leases and hire purchase contracts
10,384,426
9,796,676

10,384,426
9,796,676

Details of security provided:

Assets under Hire purchase are secured by way of a fixed charge.

Page 13

 
ANGLIAN PLANT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
4,318,807
3,652,822

Between 1-5 years
7,398,614
7,248,496

11,717,421
10,901,318


11.


Deferred taxation




2024


£






At beginning of year
(1,166,219)


Charged to profit or loss
(161,973)



At end of year
(1,328,192)

The deferred tax asset is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(2,104,568)
(1,783,103)

Tax losses carried forward
776,376
616,884

(1,328,192)
(1,166,219)


12.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £18,685(2023:£17,722). The pension amount outstanding at the year end was £4,612(2023:£4,146)


13.


Related party transactions

At the end of the year the director owed the company £8,751 (2023:£108,473). This was repaid within 9 months of the year end.

 
Page 14