Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-312No description of principal activity2023-08-01false1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04025219 2023-08-01 2024-07-31 04025219 2022-08-01 2023-07-31 04025219 2024-07-31 04025219 2023-07-31 04025219 c:Director1 2023-08-01 2024-07-31 04025219 d:Buildings 2023-08-01 2024-07-31 04025219 d:Buildings 2024-07-31 04025219 d:Buildings 2023-07-31 04025219 d:Goodwill 2023-08-01 2024-07-31 04025219 d:Goodwill 2024-07-31 04025219 d:Goodwill 2023-07-31 04025219 d:CurrentFinancialInstruments 2024-07-31 04025219 d:CurrentFinancialInstruments 2023-07-31 04025219 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 04025219 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 04025219 d:ShareCapital 2024-07-31 04025219 d:ShareCapital 2023-07-31 04025219 d:RetainedEarningsAccumulatedLosses 2024-07-31 04025219 d:RetainedEarningsAccumulatedLosses 2023-07-31 04025219 c:FRS102 2023-08-01 2024-07-31 04025219 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 04025219 c:FullAccounts 2023-08-01 2024-07-31 04025219 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 04025219 2 2023-08-01 2024-07-31 04025219 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 04025219










INVESTMENT CASTING MOULDMAKERS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024



 
INVESTMENT CASTING MOULDMAKERS LIMITED
REGISTERED NUMBER: 04025219

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
47,500
47,500

  
47,500
47,500

Current assets
  

Debtors: amounts falling due within one year
 6 
1,981
1,200

Cash at bank and in hand
  
20,933
20,414

  
22,914
21,614

Creditors: amounts falling due within one year
 7 
(15,913)
(12,612)

Net current assets
  
 
 
7,001
 
 
9,002

Total assets less current liabilities
  
54,501
56,502

  

Net assets
  
54,501
56,502


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
54,499
56,500

  
54,501
56,502


Page 1

 
INVESTMENT CASTING MOULDMAKERS LIMITED
REGISTERED NUMBER: 04025219
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2024

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 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 25 November 2024.




................................................
E P Joyce
Director

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

Page 2

 
INVESTMENT CASTING MOULDMAKERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.Accounting policies

 
1.1

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 presentational currency of the Company is GBP.

The following principal accounting policies have been applied:

 
1.2

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.

 
1.3

Interest income

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

 
1.4

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.

 
1.5

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.

Page 3

 
INVESTMENT CASTING MOULDMAKERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.Accounting policies (continued)

 
1.6

Taxation

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.


 
1.7

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.

 
1.8

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, as follows.

Depreciation is provided on the following basis:

Freehold property
-
Not depreciated

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.

 
1.9

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.

 
1.10

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.

Page 4

 
INVESTMENT CASTING MOULDMAKERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.Accounting policies (continued)

 
1.11

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.

 
1.12

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 at an annual general meeting.


2.


General information

Investment Casting Mouldmakers Limited is a private company, limited by shares and registered in England.
Its registered number is: 04025219
The address of its registered office is:
Unit 40
London Road Industrial Estate
Baldock
Hertfordshire
SG7 6NG


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 2).

Page 5

 
INVESTMENT CASTING MOULDMAKERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Intangible assets




Goodwill

£





At 1 August 2023
27,500


Disposals
(27,500)



At 31 July 2024

-





At 1 August 2023
27,500


On disposals
(27,500)



At 31 July 2024

-



Net book value



At 31 July 2024
-



At 31 July 2023
-




5.


Tangible fixed assets





Land and buildings

£



Cost or valuation


At 1 August 2023
47,500



At 31 July 2024

47,500






Net book value



At 31 July 2024
47,500



At 31 July 2023
47,500

Page 6

 
INVESTMENT CASTING MOULDMAKERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

6.


Debtors

2024
2023
£
£


Trade debtors
-
1,200

Other debtors
1,981
-

1,981
1,200



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
9,072
270

Corporation tax
-
2,801

Other taxation and social security
-
1,821

Other creditors
5,641
6,520

Accruals and deferred income
1,200
1,200

15,913
12,612


 
Page 7