Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-05-012024-06-3062023-07-01falseNo description of principal activity5truetruefalse SC506010 2023-07-01 2024-06-30 SC506010 2022-07-01 2023-06-30 SC506010 2024-06-30 SC506010 2023-06-30 SC506010 c:Director1 2023-07-01 2024-06-30 SC506010 c:Director2 2023-07-01 2024-06-30 SC506010 c:Director2 2024-06-30 SC506010 c:Director3 2023-07-01 2024-06-30 SC506010 c:Director3 2024-06-30 SC506010 c:RegisteredOffice 2023-07-01 2024-06-30 SC506010 d:PlantMachinery 2023-07-01 2024-06-30 SC506010 d:PlantMachinery 2024-06-30 SC506010 d:PlantMachinery 2023-06-30 SC506010 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC506010 d:MotorVehicles 2023-07-01 2024-06-30 SC506010 d:MotorVehicles 2024-06-30 SC506010 d:MotorVehicles 2023-06-30 SC506010 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC506010 d:OfficeEquipment 2023-07-01 2024-06-30 SC506010 d:OfficeEquipment 2024-06-30 SC506010 d:OfficeEquipment 2023-06-30 SC506010 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC506010 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC506010 d:CurrentFinancialInstruments 2024-06-30 SC506010 d:CurrentFinancialInstruments 2023-06-30 SC506010 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 SC506010 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 SC506010 d:ShareCapital 2024-06-30 SC506010 d:ShareCapital 2023-06-30 SC506010 d:RetainedEarningsAccumulatedLosses 2024-06-30 SC506010 d:RetainedEarningsAccumulatedLosses 2023-06-30 SC506010 c:OrdinaryShareClass1 2023-07-01 2024-06-30 SC506010 c:OrdinaryShareClass1 2024-06-30 SC506010 c:OrdinaryShareClass1 2023-06-30 SC506010 c:FRS102 2023-07-01 2024-06-30 SC506010 c:Audited 2023-07-01 2024-06-30 SC506010 c:FullAccounts 2023-07-01 2024-06-30 SC506010 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC506010 c:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 SC506010 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC506010










ARDMEL PRECISION ENGINEERING LIMITED

FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

 
ARDMEL PRECISION ENGINEERING LIMITED
 

COMPANY INFORMATION


Directors
Mr S R Fernando 
Mr S Ruwan Fernando (appointed 1 July 2023)
Mr J Trolland (appointed 1 May 2024)




Registered number
SC506010



Registered office
52/53 Nasmyth Road
Southfield Industrial Estate

Glenrothes

Fife

KY6 2SD




Independent auditors
Sumer Auditco Limited (Statutory Auditors)

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
ARDMEL PRECISION ENGINEERING LIMITED
REGISTERED NUMBER: SC506010

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
£
£

Fixed assets
  

Tangible fixed assets
  
123,271
143,150

  
123,271
143,150

Current assets
  

Stocks
  
3,842
-

Debtors: amounts falling due within one year
 5 
70,377
75,457

Cash at bank and in hand
  
3,979
34,433

  
78,198
109,890

Creditors: amounts falling due within one year
 6 
(45,013)
(67,648)

Net current assets
  
 
 
33,185
 
 
42,242

Total assets less current liabilities
  
156,456
185,392

Provisions for liabilities
  

Deferred tax
  
(30,622)
(35,787)

  
 
 
(30,622)
 
 
(35,787)

Net assets
  
125,834
149,605


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
125,833
149,604

  
125,834
149,605


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 on 31 October 2024.




Mr S Ruwan Fernando
Director

The notes on pages 2 to 6 form part of these financial statements.
Page 1

 
ARDMEL PRECISION ENGINEERING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Ardmel Precision Engineering Limited is a private company, limited by shares and incorporated in Scotland with registration number SC506010. The registered office address is 52/53 Nasmyth Road, Southfield Industrial Estate, Glenrothes, Fife, Scotland, KY6 2SD.
The financial statements are presented in sterling which is the functional currency of the company and
rounded to the nearest £.

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:

Sale of goods

Revenue 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 revenue 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

Revenue 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 revenue 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 2

 
ARDMEL PRECISION ENGINEERING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.3

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.

 
2.4

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 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.
Page 3

 
ARDMEL PRECISION ENGINEERING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

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 either a straight-line or reducing balance method.

Depreciation is provided on the following basis:

Plant and machinery
-
10%
reducing balance
Motor vehicles
-
25%
straight line
Office equipment
-
33%
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.

 
2.6

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 reporting 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.

 
2.7

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.

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

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.

Page 4

 
ARDMEL PRECISION ENGINEERING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2023 - 5).


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 July 2023
167,492
15,935
29,951
213,378


Additions
-
-
3,346
3,346


Disposals
(5,389)
-
-
(5,389)



At 30 June 2024

162,103
15,935
33,297
211,335



Depreciation


At 1 July 2023
37,896
6,723
25,609
70,228


Charge for the year on owned assets
12,960
3,984
4,993
21,937


Disposals
(4,101)
-
-
(4,101)



At 30 June 2024

46,755
10,707
30,602
88,064



Net book value



At 30 June 2024
115,348
5,228
2,695
123,271



At 30 June 2023
129,596
9,212
4,342
143,150


5.


Debtors

2024
2023
£
£


Trade debtors
59,049
68,500

Amounts owed by group undertakings
2,759
-

Other debtors
-
277

Prepayments and accrued income
8,569
6,680

70,377
75,457


Page 5

 
ARDMEL PRECISION ENGINEERING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
6,701
56,643

Amounts owed to group undertakings
14,410
-

Other taxation and social security
10,075
7,467

Other creditors
780
-

Accruals and deferred income
13,047
3,538

45,013
67,648



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1



8.


Related party transactions

The Company has taken the exemption available under s33.1A of FRS 102 not to disclose transactions
with other wholly owned members of the group.


9.


Controlling party

The company is a wholly owned subsidiary of Ardmel Group Limited, a company registered in
Scotland. The registered office address and principal place of business is 52 - 53 Nasmyth Road,
Southfield lndustrial Estate, Glenrothes, Fife. KY6 2SD.
Consolidated group accounts for Ardmel Group Limited are available from Companies House.

10.


Auditors' information

The auditors' report on the financial statements for the year ended 30 June 2024 was unqualified.

The audit report was signed on 31 October 2024 by Mark Gibson (Senior Statutory Auditor) on behalf of Sumer Auditco Limited (Statutory Auditors).


Page 6