Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-3082023-05-01falseNo description of principal activity9falsetruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05637723 2023-05-01 2024-04-30 05637723 2022-05-01 2023-04-30 05637723 2024-04-30 05637723 2023-04-30 05637723 c:Director1 2023-05-01 2024-04-30 05637723 d:PlantMachinery 2023-05-01 2024-04-30 05637723 d:PlantMachinery 2024-04-30 05637723 d:PlantMachinery 2023-04-30 05637723 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 05637723 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 05637723 d:OfficeEquipment 2023-05-01 2024-04-30 05637723 d:OfficeEquipment 2024-04-30 05637723 d:OfficeEquipment 2023-04-30 05637723 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 05637723 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 05637723 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 05637723 d:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 05637723 d:CurrentFinancialInstruments 2024-04-30 05637723 d:CurrentFinancialInstruments 2023-04-30 05637723 d:Non-currentFinancialInstruments 2024-04-30 05637723 d:Non-currentFinancialInstruments 2023-04-30 05637723 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 05637723 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 05637723 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 05637723 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 05637723 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-04-30 05637723 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 05637723 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-04-30 05637723 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 05637723 d:ShareCapital 2024-04-30 05637723 d:ShareCapital 2023-04-30 05637723 d:RetainedEarningsAccumulatedLosses 2024-04-30 05637723 d:RetainedEarningsAccumulatedLosses 2023-04-30 05637723 c:FRS102 2023-05-01 2024-04-30 05637723 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 05637723 c:FullAccounts 2023-05-01 2024-04-30 05637723 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 05637723 d:HirePurchaseContracts d:WithinOneYear 2024-04-30 05637723 d:HirePurchaseContracts d:WithinOneYear 2023-04-30 05637723 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-04-30 05637723 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-04-30 05637723 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-04-30 05637723 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-04-30 05637723 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 05637723









KRAM SHEET METAL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
KRAM SHEET METAL LIMITED
REGISTERED NUMBER: 05637723

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
81,279
86,538

Current assets
  

Stocks
  
20,000
17,000

Debtors: amounts falling due within one year
 5 
1,425,962
1,281,055

Cash at bank and in hand
  
44,992
42,134

  
1,490,954
1,340,189

Creditors: amounts falling due within one year
 6 
(216,825)
(232,121)

Net current assets
  
 
 
1,274,129
 
 
1,108,068

Total assets less current liabilities
  
1,355,408
1,194,606

Creditors: amounts falling due after more than one year
 7 
(11,239)
(21,514)

Provisions for liabilities
  

Deferred tax
  
(20,320)
(21,635)

Net assets
  
1,323,849
1,151,457


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
1,323,749
1,151,357

  
1,323,849
1,151,457


Page 1

 
KRAM SHEET METAL LIMITED
REGISTERED NUMBER: 05637723
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 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 profit and loss account 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 20 January 2025.




C Miller
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
KRAM SHEET METAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Kram Sheet Metal Ltd is a private company limited by shares, registration number 13221073, and incorporated in England. Its registered office is Unit 7, Whitacre Road Industrial Estate, Whitacre Road, Nuneaton, Warwickshire, CV11 6BX.

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

Going concern

At the time of signing there is a degree of uncertainty about the economic impact of the wider geopolitical environment and the cost of living crisis. The director continues to monitor the position closely, however believes that the company can continue at an appropriate level of activity, subject to his continued support.

 
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:

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.

 
2.4

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.

Page 3

 
KRAM SHEET METAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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 balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.7

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 balance sheet 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 balance sheet 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 balance sheet date.


Page 4

 
KRAM SHEET METAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.8

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, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
10%/20% straight line
Office equipment
-
20% 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.

 
2.9

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 balance sheet 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.

 
2.10

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2023 - 8).

Page 5

 
KRAM SHEET METAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Plant and machinery
Office equipment
Total

£
£
£



Cost or valuation


At 1 May 2023
415,744
6,832
422,576


Additions
17,500
130
17,630



At 30 April 2024

433,244
6,962
440,206



Depreciation


At 1 May 2023
329,206
6,832
336,038


Charge for the year on owned assets
10,363
26
10,389


Charge for the year on financed assets
12,500
-
12,500



At 30 April 2024

352,069
6,858
358,927



Net book value



At 30 April 2024
81,175
104
81,279



At 30 April 2023
86,538
-
86,538

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


2024
2023
£
£



Plant and machinery
50,000
62,500

Page 6

 
KRAM SHEET METAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Debtors

2024
2023
£
£


Trade debtors
320,856
146,134

Amounts owed by group undertakings
1,090,738
1,108,538

Other debtors
1,560
-

Prepayments and accrued income
12,808
26,383

1,425,962
1,281,055



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
8,000
8,000

Trade creditors
75,641
65,699

Other taxation and social security
122,805
59,450

Obligations under finance lease and hire purchase contracts
2,688
31,667

Other creditors
4,691
62,684

Accruals and deferred income
3,000
4,621

216,825
232,121



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
11,239
18,875

Net obligations under finance leases and hire purchase contracts
-
2,639

11,239
21,514


Page 7

 
KRAM SHEET METAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
8,000
8,000

Amounts falling due 1-2 years

Bank loans
8,000
8,000

Amounts falling due 2-5 years

Bank loans
3,239
10,875


19,239
26,875



9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
2,688
31,667

Between 1-5 years
-
2,639

2,688
34,306


10.


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 £5,517 (2023 - £3,318) . Contributions totalling £864 (2023 - £751) were payable to the fund at the balance sheet date and are included in creditors.


11.


Controlling party

The company is a 100% wholly owned subsidiary of Kram Holding Ltd, a company registered in England.
The registered office of the parent company is 53 Priory Road, Kenilworth, CV8 1LQ.
 
Page 8