Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31falseNo description of principal activity2022-11-013633falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00870286 2022-10-31 00870286 2022-11-01 2023-10-31 00870286 2023-10-31 00870286 2021-08-01 2022-07-31 00870286 2022-07-31 00870286 c:CompanySecretary1 2022-11-01 2023-10-31 00870286 c:Director1 2022-11-01 2023-10-31 00870286 c:Director2 2022-11-01 2023-10-31 00870286 c:RegisteredOffice 2022-11-01 2023-10-31 00870286 d:Buildings d:ShortLeaseholdAssets 2022-11-01 2023-10-31 00870286 d:Buildings d:ShortLeaseholdAssets 2023-10-31 00870286 d:Buildings d:ShortLeaseholdAssets 2022-07-31 00870286 d:PlantMachinery 2022-11-01 2023-10-31 00870286 d:PlantMachinery 2023-10-31 00870286 d:PlantMachinery 2022-07-31 00870286 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 00870286 d:MotorVehicles 2022-11-01 2023-10-31 00870286 d:MotorVehicles 2023-10-31 00870286 d:MotorVehicles 2022-07-31 00870286 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 00870286 d:OfficeEquipment 2022-11-01 2023-10-31 00870286 d:OfficeEquipment 2023-10-31 00870286 d:OfficeEquipment 2022-07-31 00870286 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 00870286 d:ComputerEquipment 2022-11-01 2023-10-31 00870286 d:OtherPropertyPlantEquipment 2022-11-01 2023-10-31 00870286 d:OtherPropertyPlantEquipment 2023-10-31 00870286 d:OtherPropertyPlantEquipment 2022-07-31 00870286 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 00870286 d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 00870286 d:CurrentFinancialInstruments 2023-10-31 00870286 d:CurrentFinancialInstruments 2022-07-31 00870286 d:Non-currentFinancialInstruments 2023-10-31 00870286 d:Non-currentFinancialInstruments 2022-07-31 00870286 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 00870286 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 00870286 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 00870286 d:Non-currentFinancialInstruments d:AfterOneYear 2022-07-31 00870286 d:ShareCapital 2023-10-31 00870286 d:ShareCapital 2022-07-31 00870286 d:RetainedEarningsAccumulatedLosses 2023-10-31 00870286 d:RetainedEarningsAccumulatedLosses 2022-07-31 00870286 c:FRS102 2022-11-01 2023-10-31 00870286 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 00870286 c:FullAccounts 2022-11-01 2023-10-31 00870286 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 00870286 e:PoundSterling 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure
Company registration number: 00870286







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 OCTOBER 2023


ELECTRON BEAM PROCESSES LIMITED






































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ELECTRON BEAM PROCESSES LIMITED
 


 
COMPANY INFORMATION


Directors
D P Vincent 
T L Vincent 




Company secretary
D P Vincent



Registered number
00870286



Registered office
Unit 4, Octimum
Forsyth Road

Woking

Surrey

GU21 5SF




Accountants
Menzies LLP
Chartered Accountants

Midas House

62 Goldsworth Road

Woking

Surrey

GU21 6LQ





 


ELECTRON BEAM PROCESSES LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 7


 


ELECTRON BEAM PROCESSES LIMITED
REGISTERED NUMBER:00870286



STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
917,388
781,059

  
917,388
781,059

Current assets
  

Stocks
  
579,017
468,605

Debtors: amounts falling due after more than one year
 5 
88,419
88,419

Debtors: amounts falling due within one year
 5 
1,116,939
1,082,226

Cash at bank and in hand
  
57,454
17,632

  
1,841,829
1,656,882

Creditors: amounts falling due within one year
 6 
(1,086,242)
(969,307)

Net current assets
  
 
 
755,587
 
 
687,575

Total assets less current liabilities
  
1,672,975
1,468,634

Creditors: amounts falling due after more than one year
 7 
(253,132)
(120,440)

  

Net assets
  
1,419,843
1,348,194


Capital and reserves
  

Called up share capital 
  
2,000
2,000

Profit and loss account
  
1,417,843
1,346,194

  
1,419,843
1,348,194


Page 1

 


ELECTRON BEAM PROCESSES LIMITED
REGISTERED NUMBER:00870286


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 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 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 by: 




................................................
D P Vincent
Director

Date: 30 September 2024

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

Page 2

 


ELECTRON BEAM PROCESSES LIMITED
 


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

1.


General information

Electron Beam Processes Limited is a private Company limited by shares incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of its registered office and principal place of business is Unit 4, Octimum, Forsyth Road, Woking, Surrey, GU21 5SF.
The Company extended its year end from 31 July 2023 to 31 October 2023. These financial statements present the activity of the company for the 15 month period ended 31 October 2023 which are not entirely comparable to the previous 12 months ended 31 July 2023.
The Companys' functional and presentational currency is GBP.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

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 VAT 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

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
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.

 
2.6

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

 


ELECTRON BEAM PROCESSES LIMITED
 


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

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as below.


Leasehold property
-
equal instalments over the period of the lease
Plant and machinery
-
12.5% to 33.33% straight line
Motor vehicles
-
20% straight line
Office equipment
-
20% straight line
Computer equipment
-
50% straight line
EBW Machines
-
12.5% 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.

  
2.7

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obselete and slow-moving stocks. Cost includes all direct costs and an appropriate portion of fixed and variable overheads

 
2.8

Financial instruments

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


3.


Employees

The average monthly number of employees, including directors, during the year was 36 (2022 - 33).

Page 4


ELECTRON BEAM PROCESSES LIMITED
  
 
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023



4.


Tangible fixed assets






Short-term leasehold property
Plant and machinery
Motor vehicles
Office equipment
Other fixed assets
Total

£
£
£
£
£
£



Cost or valuation


At 1 November 2022
369,497
2,023,071
15,515
421,081
1,073,720
3,902,884


Additions
6,395
331,327
-
35,382
18,831
391,935


Disposals
-
(11,916)
-
(39,063)
-
(50,979)



At 31 October 2023

375,892
2,342,482
15,515
417,400
1,092,551
4,243,840



Depreciation


At 1 November 2022
299,431
1,861,140
13,319
403,387
544,548
3,121,825


Charge for the year on owned assets
23,894
140,094
1,569
16,431
66,929
248,917


Disposals
-
(5,333)
-
(38,957)
-
(44,290)



At 31 October 2023

323,325
1,995,901
14,888
380,861
611,477
3,326,452



Net book value



At 31 October 2023
52,567
346,581
627
36,539
481,074
917,388



At 31 October 2022
70,066
161,931
2,196
17,694
529,172
781,059

Included within the net book value of £917,388 is £198,461 relating to assets held under hire purchase agreements. Deprecitaion of £9,326 has been charged on these assets in the period.

Page 5

 


ELECTRON BEAM PROCESSES LIMITED
 


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

5.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
88,419
88,419

88,419
88,419


2023
2022
£
£

Due within one year

Trade debtors
900,510
833,258

Other debtors
26,843
21,698

Prepayments and accrued income
189,586
227,270

1,116,939
1,082,226



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
31,680
96,193

Trade creditors
473,889
383,164

Other taxation and social security
160,317
162,771

Obligations under finance lease and hire purchase contracts
100,107
22,781

Other creditors
320,249
304,398

1,086,242
969,307


Within Other Creditors is an amount of £234,001 (31 July 2022: £218,047) due to HSBC Invoice Financing secured against the trade debtors of the company.

Page 6

 


ELECTRON BEAM PROCESSES LIMITED
 


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

7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
86,364
33,624

Net obligations under finance leases and hire purchase contracts
135,007
48,681

Government grants received
31,761
38,135

253,132
120,440


Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.


8.


Commitments under operating leases

The Company had total commitments under non-cancellable operating leases of £890,814 (2022 - £967,420) at the reporting date.

 
Page 7