Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-3164547truetrue252023-08-01falseNo description of principal activity24truefalse 02834675 2023-08-01 2024-07-31 02834675 2022-08-01 2023-07-31 02834675 2024-07-31 02834675 2023-07-31 02834675 c:Director3 2023-08-01 2024-07-31 02834675 d:Buildings d:ShortLeaseholdAssets 2023-08-01 2024-07-31 02834675 d:Buildings d:ShortLeaseholdAssets 2024-07-31 02834675 d:Buildings d:ShortLeaseholdAssets 2023-07-31 02834675 d:PlantMachinery 2023-08-01 2024-07-31 02834675 d:PlantMachinery 2024-07-31 02834675 d:PlantMachinery 2023-07-31 02834675 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 02834675 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 02834675 d:OfficeEquipment 2023-08-01 2024-07-31 02834675 d:OfficeEquipment 2024-07-31 02834675 d:OfficeEquipment 2023-07-31 02834675 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 02834675 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 02834675 d:ComputerEquipment 2023-08-01 2024-07-31 02834675 d:ComputerEquipment 2024-07-31 02834675 d:ComputerEquipment 2023-07-31 02834675 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 02834675 d:ComputerEquipment d:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 02834675 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 02834675 d:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 02834675 d:PatentsTrademarksLicencesConcessionsSimilar 2024-07-31 02834675 d:PatentsTrademarksLicencesConcessionsSimilar 2023-07-31 02834675 d:CurrentFinancialInstruments 2024-07-31 02834675 d:CurrentFinancialInstruments 2023-07-31 02834675 d:CurrentFinancialInstruments 6 2024-07-31 02834675 d:CurrentFinancialInstruments 6 2023-07-31 02834675 d:Non-currentFinancialInstruments 2024-07-31 02834675 d:Non-currentFinancialInstruments 2023-07-31 02834675 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 02834675 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 02834675 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 02834675 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 02834675 d:ShareCapital 2024-07-31 02834675 d:ShareCapital 2023-07-31 02834675 d:CapitalRedemptionReserve 2024-07-31 02834675 d:CapitalRedemptionReserve 2023-07-31 02834675 d:RetainedEarningsAccumulatedLosses 2024-07-31 02834675 d:RetainedEarningsAccumulatedLosses 2023-07-31 02834675 c:OrdinaryShareClass1 2023-08-01 2024-07-31 02834675 c:OrdinaryShareClass1 2024-07-31 02834675 c:OrdinaryShareClass1 2023-07-31 02834675 c:FRS102 2023-08-01 2024-07-31 02834675 c:Audited 2023-08-01 2024-07-31 02834675 c:FullAccounts 2023-08-01 2024-07-31 02834675 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 02834675 d:WithinOneYear 2024-07-31 02834675 d:WithinOneYear 2023-07-31 02834675 d:BetweenOneFiveYears 2024-07-31 02834675 d:BetweenOneFiveYears 2023-07-31 02834675 d:MoreThanFiveYears 2024-07-31 02834675 d:MoreThanFiveYears 2023-07-31 02834675 d:HirePurchaseContracts d:WithinOneYear 2024-07-31 02834675 d:HirePurchaseContracts d:WithinOneYear 2023-07-31 02834675 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-07-31 02834675 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-07-31 02834675 c:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 02834675 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-07-31 02834675 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-07-31 02834675 f:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 02834675
















DATUM ALLOYS LTD




FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024


































img36e9.png



DATUM ALLOYS LTD
REGISTERED NUMBER:02834675
STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
-
-

Tangible assets
 5 
106,613
248,737

  
106,613
248,737

Current assets
  

Stocks
  
919,050
846,070

Debtors: amounts falling due within one year
 6 
4,625,770
4,087,683

Cash at bank and in hand
  
98,220
247,164

  
5,643,040
5,180,917

Creditors: amounts falling due within one year
 7 
(1,766,983)
(1,566,323)

Net current assets
  
 
 
3,876,057
 
 
3,614,594

Total assets less current liabilities
  
3,982,670
3,863,331

Creditors: amounts falling due after more than one year
 8 
-
(65,825)

  

Net assets
  
3,982,670
3,797,506


Capital and reserves
  

Called up share capital 
 10 
1,055
1,055

Capital redemption reserve
  
56
56

Profit and loss account
  
3,981,559
3,796,395

  
3,982,670
3,797,506


The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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: 


B Widger
Director

Date: 31 January 2025

The notes on pages 2 to 11 form part of these financial statements.

Page 1


DATUM ALLOYS LTD

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

1.


GENERAL INFORMATION

Datum Alloys Limited (registered number 02834675) is a private company, limited by shares and registered in England and Wales. The registered office is Unit 9 Torr Hill Park, Torr Quarry Industrial Estate, East Allington, Totnes, England, TQ9 7QQ.

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 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

GOING CONCERN

At 31 July 2024 the company's net assets were £3,982,670 (2023: £3,797,506) and net current assets were £3,876,057 (2023: £3,614,594).
Continued improvements in trading conditions during 2023/24 financial year and continued normalisation of global supply chains following the end of the pandemic have ensured that sufficient working capital is available.
In addition to this the business has successfully taken on a large outsourcing opportunity from its largest European customer, moving up the added value supply chain. Alongside the reductions in supply chain costs this has increased turnover 6.1% / £271,374 year on year (2024: £4,734,671, 2023: £4,463,297) and increased EBITDA 1.4% / £5,618 year on year (2024: £407,172, 2023: £401,554).
Net assets include £3,497,595 owed by group undertakings of which £2,156,244 is owed by the parent company. The Directors review these balances on a regular basis and, given the support provided by the Group’s stakeholders, have concluded that they are recoverable.
The Directors regularly review and circulate to the Board the company’s revenue forecasts and cashflow projections and ensure they are updated to reflect any changes in trading performance or market conditions. Based on the financial performance of the company since the year end and these key assumptions being refined and met, these forecasts and projections show that future profits and cash generation by the company are sufficient to enable the company to operate within available funding facilities.
The company therefore continues to adopt the going concern basis in preparing its financial statements.

Page 2


DATUM ALLOYS LTD

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

2.ACCOUNTING POLICIES (continued)

 
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

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.

 
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

RESEARCH AND DEVELOPMENT

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.7

BORROWING COSTS

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

Page 3


DATUM ALLOYS LTD

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

2.ACCOUNTING POLICIES (continued)

 
2.8

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.

 
2.9

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.


 
2.10

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. The website is amortised on a straight line basis over its useful economic life of 3 years.

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.

 
2.11

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:

Short-term leasehold property
-
over the term of the lease
Plant and machinery
-
3 - 5 years straight line
Office equipment
-
3 years straight line
Computer equipment
-
3 years 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.

Page 4


DATUM ALLOYS LTD

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

2.ACCOUNTING POLICIES (continued)

 
2.12

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.

 
2.13

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.

 
2.14

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.

 
2.15

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.

 
2.16

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.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual
Page 5


DATUM ALLOYS LTD

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

2.ACCOUNTING POLICIES (continued)


2.16
FINANCIAL INSTRUMENTS (CONTINUED)

arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.


3.


EMPLOYEES

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Management
3
3



Staff
22
21

25
24

Page 6


DATUM ALLOYS LTD

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

4.


INTANGIBLE ASSETS




Website

£



COST


At 1 August 2023
9,570



At 31 July 2024

9,570



AMORTISATION


At 1 August 2023
9,570



At 31 July 2024

9,570



NET BOOK VALUE



At 31 July 2024
-



At 31 July 2023
-



Page 7


DATUM ALLOYS LTD

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

5.


TANGIBLE FIXED ASSETS





Short-term leasehold property
Plant and machinery
Office equipment
Computer equipment
Total

£
£
£
£
£



COST


At 1 August 2023
326,758
976,031
11,609
43,086
1,357,484


Additions
2,571
23,356
-
3,485
29,412



At 31 July 2024

329,329
999,387
11,609
46,571
1,386,896



DEPRECIATION


At 1 August 2023
231,402
822,650
11,609
43,086
1,108,747


Charge for the year on owned assets
64,547
29,654
-
973
95,174


Charge for the year on financed assets
-
76,362
-
-
76,362



At 31 July 2024

295,949
928,666
11,609
44,059
1,280,283



NET BOOK VALUE



At 31 July 2024
33,380
70,721
-
2,512
106,613



At 31 July 2023
95,356
153,381
-
-
248,737

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


2024
2023
£
£



Plant and machinery
39,841
116,203


6.


DEBTORS

2024
2023
£
£


Trade debtors
472,043
618,312

Amounts owed by group undertakings
4,075,914
3,359,101

Other debtors
2,478
3,921

Prepayments and accrued income
75,335
106,349

4,625,770
4,087,683


Page 8


DATUM ALLOYS LTD

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

7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Other loans
824,209
893,383

Trade creditors
212,653
177,339

Amounts owed to group undertakings
578,319
244,125

Other taxation and social security
31,911
38,835

Obligations under finance lease and hire purchase contracts
65,825
71,311

Other creditors
662
-

Accruals and deferred income
37,404
59,807

Financial instruments
16,000
81,523

1,766,983
1,566,323


The following liabilities were secured:

2024
2023
£
£



Net obligations under finance leases and hire purchase contracts
65,825
71,311

Other loans
824,209
893,383

890,034
964,694

Details of security provided:

Obligations under finance leases and hire purchase contracts are secured upon the assets to which they relate.
Included in other loans are liabilities of £824,209 (2023: £893,383) in respect of a trade loan that is secured over the assets of Datum Alloys Group companies.

Page 9


DATUM ALLOYS LTD

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

8.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
-
65,825


The following liabilities were secured:

2024
2023
£
£



Net obligations under finance leases and hire purchase contracts
-
65,825

Details of security provided:

Obligations under finance leases and hire purchase contracts are secured upon the assets to which they relate.


9.


HIRE PURCHASE AND FINANCE LEASES


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
65,825
71,311

Between 1-5 years
-
65,825

65,825
137,136


10.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



1,055 (2023: 1,055) ordinary shares of £1.00 each
1,055
1,055



11.


PENSION COMMITMENTS

The company operates a defined contribution pension plan for staff. The company pays fixed percentage contributions to a pension scheme nominated by each employee. The assets of the schemes used are held separately from those of the company in independently administered funds. The pension cost charge represents contributions payable by the Company to these funds and amounted to £33,085 (2023: £24,388). Contributions totalling £2,478 (2023: £2,565) were receivable from the funds at the reporting date and are included in debtors.

Page 10


DATUM ALLOYS LTD

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

12.


COMMITMENTS UNDER OPERATING LEASES

At 31 July 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
60,000
63,725

Later than 1 year and not later than 5 years
240,000
240,000

Later than 5 years
-
60,000

300,000
363,725


13.OTHER FINANCIAL COMMITMENTS

The parent company Datum Alloys Group Limited have secured loans of £3,037,500 (2023: £3,037,500). These are secured over the assets of the group, including Datum Alloys Limited.


14.


RELATED PARTY TRANSACTIONS

As a wholly owned subsidiary of Datum Alloys Group Limited, the company has taken advantage of the exemption in section 33.1A of FRS 102 in not disclosing intra-group transactions where 100% of the voting rights are controlled within the group.


15.


CONTROLLING PARTY

The parent undertaking of the smallest group to consolidate these financial statements is
Datum Alloys Group Limited, a company incorporated in England and Wales (11911214), the consolidated financial statements of which are available at Companies House, Cardiff. The parent undertaking's registered office and principal place of business is Unit 9 Torr Hill Park, Torr Quarry Industrial Estate, East Allington, Totnes, England, TQ9 7QQ.


16.


AUDITORS' INFORMATION

The auditors' report on the financial statements for the year ended 31 July 2024 was unqualified.

The audit report was signed on 5 February 2025 by Robert Davey FCA (Senior Statutory Auditor) on behalf of Bishop Fleming LLP.

 
Page 11