Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-31No description of principal activity29false2024-01-01falsetrue30trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09020540 2024-01-01 2024-12-31 09020540 2023-01-01 2023-12-31 09020540 2024-12-31 09020540 2023-12-31 09020540 c:Director1 2024-01-01 2024-12-31 09020540 c:Director2 2024-01-01 2024-12-31 09020540 c:Director5 2024-01-01 2024-12-31 09020540 c:RegisteredOffice 2024-01-01 2024-12-31 09020540 d:Buildings d:LongLeaseholdAssets 2024-01-01 2024-12-31 09020540 d:Buildings d:LongLeaseholdAssets 2024-12-31 09020540 d:Buildings d:LongLeaseholdAssets 2023-12-31 09020540 d:PlantMachinery 2024-01-01 2024-12-31 09020540 d:MotorVehicles 2024-01-01 2024-12-31 09020540 d:MotorVehicles 2024-12-31 09020540 d:MotorVehicles 2023-12-31 09020540 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09020540 d:OfficeEquipment 2024-01-01 2024-12-31 09020540 d:OfficeEquipment 2024-12-31 09020540 d:OfficeEquipment 2023-12-31 09020540 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09020540 d:ComputerEquipment 2024-01-01 2024-12-31 09020540 d:ComputerEquipment 2024-12-31 09020540 d:ComputerEquipment 2023-12-31 09020540 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09020540 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09020540 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 09020540 d:ComputerSoftware 2024-01-01 2024-12-31 09020540 d:ComputerSoftware 2024-12-31 09020540 d:ComputerSoftware 2023-12-31 09020540 d:CurrentFinancialInstruments 2024-12-31 09020540 d:CurrentFinancialInstruments 2023-12-31 09020540 d:Non-currentFinancialInstruments 2024-12-31 09020540 d:Non-currentFinancialInstruments 2023-12-31 09020540 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 09020540 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09020540 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 09020540 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 09020540 d:ShareCapital 2024-12-31 09020540 d:ShareCapital 2023-12-31 09020540 d:CapitalRedemptionReserve 2024-12-31 09020540 d:CapitalRedemptionReserve 2023-12-31 09020540 d:RetainedEarningsAccumulatedLosses 2024-12-31 09020540 d:RetainedEarningsAccumulatedLosses 2023-12-31 09020540 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2024-01-01 2024-12-31 09020540 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2024-12-31 09020540 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-12-31 09020540 c:OrdinaryShareClass2 2024-01-01 2024-12-31 09020540 c:OrdinaryShareClass2 2024-12-31 09020540 c:OrdinaryShareClass2 2023-12-31 09020540 c:FRS102 2024-01-01 2024-12-31 09020540 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09020540 c:FullAccounts 2024-01-01 2024-12-31 09020540 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09020540 d:WithinOneYear 2024-12-31 09020540 d:WithinOneYear 2023-12-31 09020540 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2024-01-01 2024-12-31 09020540 d:ComputerSoftware d:OwnedIntangibleAssets 2024-01-01 2024-12-31 09020540 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 09020540










ATAG HEATING TECHNOLOGY UK LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

 
ATAG HEATING TECHNOLOGY UK LIMITED
 

COMPANY INFORMATION


Directors
Mrs J M Treanor 
Mr K E Treanor 
Mrs W McPherson 




Registered number
09020540



Registered office
Suite 177
80 Churchill Square Business Centre

Kings Hill

West Malling

Kent

ME19 4YU




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
ATAG HEATING TECHNOLOGY UK LIMITED
REGISTERED NUMBER: 09020540

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
£
£

Fixed assets
  

Intangible assets
 4 
9,476
52,910

Tangible assets
 5 
168,977
121,868

  
178,453
174,778

Current assets
  

Stocks
  
689,116
656,920

Debtors: amounts falling due within one year
 6 
1,722,940
1,890,854

Cash at bank and in hand
  
266,536
169,252

  
2,678,592
2,717,026

Creditors: amounts falling due within one year
 7 
(1,350,851)
(1,474,817)

Net current assets
  
 
 
1,327,741
 
 
1,242,209

Total assets less current liabilities
  
1,506,194
1,416,987

Creditors: amounts falling due after more than one year
 8 
(165,418)
(336,735)

Provisions for liabilities
  

Other provisions
 9 
(3,176,698)
(3,091,860)

  
 
 
(3,176,698)
 
 
(3,091,860)

Net liabilities
  
(1,835,922)
(2,011,608)


Capital and reserves
  

Called up share capital 
 10 
180
180

Capital redemption reserve
  
20
20

Profit and loss account
  
(1,836,122)
(2,011,808)

  
(1,835,922)
(2,011,608)

Page 1

 
ATAG HEATING TECHNOLOGY UK LIMITED
REGISTERED NUMBER: 09020540

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

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 12 February 2025.




Mrs W McPherson
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
ATAG HEATING TECHNOLOGY UK LIMITED
 

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

1.


General information

The Company is limited by shares and incorporated in England; 09020540. The registered office address is Suite 177, 80 Churchill Square, Kings Hill, West Malling, Kent, ME19 4YU.
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

Going concern

The financial statements have been prepared on a going concern basis despite the Company reporting net liabilities of £1,835,922. The Company meets its day to day working capital requirements through support from other group entities. At the time of approving the financial statements, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. In addition, the Company has recently acquired the European proprietary rights for a US based quoting software tool which they will launch to UK Installers in 2025. Therefore, the directors have continued to adopt the going concern basis of accounting in preparing the financial statements.

Page 3

 
ATAG HEATING TECHNOLOGY UK LIMITED
 

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

2.Accounting policies (continued)

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Sale of goods

Turnover 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 turnover 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

Turnover 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 turnover 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.

 
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.

Page 4

 
ATAG HEATING TECHNOLOGY UK LIMITED
 

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

2.Accounting policies (continued)

 
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 Statement of financial position. 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 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.


 
2.8

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.

 The estimated useful lives range as follows:

Software development costs
-
5
years

Page 5

 
ATAG HEATING TECHNOLOGY UK LIMITED
 

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

2.Accounting policies (continued)

 
2.9

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:

Property improvements
-
10%-25% straight line
Plant and machinery
-
25% straight line
Motor vehicles
-
20%-25% straight line
Office equipment
-
25% straight line
Computer 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.

 
2.10

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.

 
2.11

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 29 (2023 - 30).

Page 6

 
ATAG HEATING TECHNOLOGY UK LIMITED
 

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

4.


Intangible assets




Software development costs

£



Cost


At 1 January 2024
157,466


Additions
4,000


Disposals
(3,923)



At 31 December 2024

157,543



Amortisation


At 1 January 2024
104,556


Charge for the year on owned assets
43,511



At 31 December 2024

148,067



Net book value



At 31 December 2024
9,476



At 31 December 2023
52,910



Page 7

 
ATAG HEATING TECHNOLOGY UK LIMITED
 

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

5.


Tangible fixed assets





Property improve-   ments
Motor vehicles
Office equipment
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 January 2024
210,214
453,878
29,371
76,716
770,179


Additions
4,740
98,980
-
23,261
126,981


Disposals
-
(113,729)
-
-
(113,729)



At 31 December 2024

214,954
439,129
29,371
99,977
783,431



Depreciation


At 1 January 2024
157,122
410,881
28,814
51,494
648,311


Charge for the year on owned assets
21,937
40,737
299
16,899
79,872


Disposals
-
(113,729)
-
-
(113,729)



At 31 December 2024

179,059
337,889
29,113
68,393
614,454



Net book value



At 31 December 2024
35,895
101,240
258
31,584
168,977



At 31 December 2023
53,092
42,997
557
25,222
121,868

Page 8

 
ATAG HEATING TECHNOLOGY UK LIMITED
 

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

6.


Debtors

2024
2023
£
£


Trade debtors
826,194
945,969

Amounts owed by group companies
177,849
355,764

Other debtors
50,567
5,122

Prepayments and accrued income
113,002
150,799

Deferred taxation
555,328
433,200

1,722,940
1,890,854



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
202,040
202,041

Trade creditors
174,390
136,945

Amounts owed to group undertakings
49,383
50,350

Other taxation and social security
75,906
110,039

Obligations under finance lease and hire purchase contracts
20,493
3,160

Other creditors
801,882
934,097

Accruals and deferred income
26,757
38,185

1,350,851
1,474,817


Secured loans
Hire purchase liabilities are secured over the assets to which they relate.


8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
101,021
336,735

Net obligations under finance leases and hire purchase contracts
64,397
-

165,418
336,735


Secured loans
Hire purchase liabilities are secured over the assets to which they relate.

Page 9

 
ATAG HEATING TECHNOLOGY UK LIMITED
 

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

9.


Provisions for liabilities





Warranty provision

£





At 1 January 2024
3,091,860


Charged to profit or loss
650,495


Utilised in year
(565,657)



At 31 December 2024
3,176,698


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



180,000 (2023 - 180,000) Ordinary shares of £0.001 each
180
180



11.


Commitments under operating leases

At 31 December 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
20,680
20,680


Page 10