Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseEngineering Services33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06547581 2023-04-01 2024-03-31 06547581 2024-03-31 06547581 2022-04-01 2023-03-31 06547581 2023-03-31 06547581 c:Director1 2023-04-01 2024-03-31 06547581 d:PlantMachinery 2023-04-01 2024-03-31 06547581 d:PlantMachinery 2024-03-31 06547581 d:PlantMachinery 2023-03-31 06547581 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06547581 d:FurnitureFittings 2023-04-01 2024-03-31 06547581 d:FurnitureFittings 2024-03-31 06547581 d:FurnitureFittings 2023-03-31 06547581 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06547581 d:OfficeEquipment 2023-04-01 2024-03-31 06547581 d:OfficeEquipment 2024-03-31 06547581 d:OfficeEquipment 2023-03-31 06547581 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06547581 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06547581 d:PatentsTrademarksLicencesConcessionsSimilar 2024-03-31 06547581 d:PatentsTrademarksLicencesConcessionsSimilar 2023-03-31 06547581 d:CurrentFinancialInstruments 2024-03-31 06547581 d:CurrentFinancialInstruments 2023-03-31 06547581 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 06547581 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06547581 d:ShareCapital 2024-03-31 06547581 d:ShareCapital 2023-03-31 06547581 d:SharePremium 2024-03-31 06547581 d:SharePremium 2023-03-31 06547581 d:RetainedEarningsAccumulatedLosses 2024-03-31 06547581 d:RetainedEarningsAccumulatedLosses 2023-03-31 06547581 c:FRS102 2023-04-01 2024-03-31 06547581 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06547581 c:FullAccounts 2023-04-01 2024-03-31 06547581 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06547581 d:PatentsTrademarksLicencesConcessionsSimilar d:ExternallyAcquiredIntangibleAssets 2023-04-01 2024-03-31 06547581 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2023-04-01 2024-03-31 06547581 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Company Registration Number:  06547581



















ENGINEERED ASSISTANCE LIMITED
FINANCIAL STATEMENTS
 31 MARCH 2024


















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ENGINEERED ASSISTANCE LIMITED
REGISTERED NUMBER: 06547581

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
6,991
6,703

Tangible assets
 5 
708
-

  
7,699
6,703

Current assets
  

Cash at bank and in hand
  
64,824
50,480

  
64,824
50,480

Creditors: amounts falling due within one year
 6 
(67,684)
(67,258)

Net current liabilities
  
 
 
(2,860)
 
 
(16,778)

Total assets less current liabilities
  
4,839
(10,075)

  

Net assets/(liabilities)
  
4,839
(10,075)


Capital and reserves
  

Called up share capital 
  
196
196

Share premium account
  
1,089,904
1,089,904

Profit and loss account
  
(1,085,261)
(1,100,175)

  
4,839
(10,075)


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 on 21 November 2024.


R J Morton
Director

The notes on pages 3 to 6 form part of these financial statements.
Page 1

 
ENGINEERED ASSISTANCE LIMITED
REGISTERED NUMBER: 06547581

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024


Page 2

 
ENGINEERED ASSISTANCE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Engineered Assistance Limited is a private company limited by shares, incorporated in England and Wales with a registered number of 06547581. The registered office is 3rd Floor Goodbard House, Infirmary Street, Leeds, LS1 2JS.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The principal activity of the company is in the reseach and sale of medical devices.  

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.

 
2.2

Going concern

The directors believe that the company is well placed to manage its business risks successfully. Accordingly they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future with the continued support of the directors. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

 
2.3

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.

 
2.4

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 3

 
ENGINEERED ASSISTANCE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 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, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
straight line
Fixtures and fittings
-
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

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

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.


3.


Employees




The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 4

 
ENGINEERED ASSISTANCE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Intangible assets




Patents

£



Cost


At 1 April 2023
93,137


Additions
1,900



At 31 March 2024

95,037



Amortisation


At 1 April 2023
86,434


Charge for the year on owned assets
1,612



At 31 March 2024

88,046



Net book value



At 31 March 2024
6,991



At 31 March 2023
6,703



Page 5

 
ENGINEERED ASSISTANCE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2023
3,704
1,754
8,143
13,601


Additions
-
-
850
850



At 31 March 2024

3,704
1,754
8,993
14,451



Depreciation


At 1 April 2023
3,704
1,754
8,143
13,601


Charge for the year on owned assets
-
-
142
142



At 31 March 2024

3,704
1,754
8,285
13,743



Net book value



At 31 March 2024
-
-
708
708



At 31 March 2023
-
-
-
-


6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
1,515
1,179

Other creditors
64,219
64,129

Accruals and deferred income
1,950
1,950

67,684
67,258



7.


Related party transactions

Included within other creditors is an amount of £64,000 (2023: £64,000) due to R Morton, a director, and an amount of £129 (2023: £129) due to D McGee, a director. The amounts are interest free and repayable on demand.


Page 6