Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-30true2023-07-01falseanodising and metal finishing.1818falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01503884 2023-07-01 2024-06-30 01503884 2022-07-01 2023-06-30 01503884 2024-06-30 01503884 2023-06-30 01503884 c:Director2 2023-07-01 2024-06-30 01503884 d:Buildings d:LongLeaseholdAssets 2023-07-01 2024-06-30 01503884 d:Buildings d:LongLeaseholdAssets 2024-06-30 01503884 d:Buildings d:LongLeaseholdAssets 2023-06-30 01503884 d:PlantMachinery 2023-07-01 2024-06-30 01503884 d:PlantMachinery 2024-06-30 01503884 d:PlantMachinery 2023-06-30 01503884 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 01503884 d:FurnitureFittings 2023-07-01 2024-06-30 01503884 d:FurnitureFittings 2024-06-30 01503884 d:FurnitureFittings 2023-06-30 01503884 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 01503884 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 01503884 d:CurrentFinancialInstruments 2024-06-30 01503884 d:CurrentFinancialInstruments 2023-06-30 01503884 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 01503884 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 01503884 d:ShareCapital 2024-06-30 01503884 d:ShareCapital 2023-06-30 01503884 d:OtherMiscellaneousReserve 2024-06-30 01503884 d:OtherMiscellaneousReserve 2023-06-30 01503884 d:RetainedEarningsAccumulatedLosses 2024-06-30 01503884 d:RetainedEarningsAccumulatedLosses 2023-06-30 01503884 c:OrdinaryShareClass1 2023-07-01 2024-06-30 01503884 c:OrdinaryShareClass1 2024-06-30 01503884 c:FRS102 2023-07-01 2024-06-30 01503884 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 01503884 c:FullAccounts 2023-07-01 2024-06-30 01503884 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 01503884 2 2023-07-01 2024-06-30 01503884 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 01503884 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 01503884 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 01503884









OWEN COYLE (ANODISING) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
OWEN COYLE (ANODISING) LIMITED
REGISTERED NUMBER: 01503884

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024


2024

2023
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
600,411
602,334

  
600,411
602,334

Current assets
  

Stocks
 5 
6,339
10,130

Debtors: amounts falling due within one year
 6 
267,517
307,572

Cash at bank and in hand
 7 
268,406
388,049

  
542,262
705,751

Creditors: amounts falling due within one year
 8 
(533,059)
(494,925)

Net current assets
  
 
 
9,203
 
 
210,826

Total assets less current liabilities
  
609,614
813,160

Provisions for liabilities
  

Deferred tax
 9 
(105,873)
(104,937)

  
 
 
(105,873)
 
 
(104,937)

Net assets
  
503,741
708,223


Capital and reserves
  

Called up share capital 
 10 
4,500
4,500

Other reserves
  
500
500

Profit and loss account
  
498,741
703,223

  
503,741
708,223


Page 1

 
OWEN COYLE (ANODISING) LIMITED
REGISTERED NUMBER: 01503884
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 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 comprehensive income 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 4 March 2025.




G Longman
Director

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

Page 2

 
OWEN COYLE (ANODISING) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Owen Coyle (Anodising) Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is 3 Brook Business Centre, Cowley Mill Road, Uxbridge, Middlesex, UB8 2FX.
The company specialises in anodising and metal finishing.

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

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 year 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 reporting date can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

 
2.4

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.

Page 3

 
OWEN COYLE (ANODISING) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following bases:

Improvements to property
-
2%
reducing balance
Plant and machinery
-
10%
reducing balance
Fixtures and fittings
-
10%
reducing balance

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 the Statement of comprehensive income

 
2.5

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 the Statement of comprehensive income.

 
2.6

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.

 
2.7

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.

 
2.8

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.

Page 4

 
OWEN COYLE (ANODISING) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.9

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 the Statement of comprehensive income 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.

 
2.10

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of comprehensive income 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of financial position, 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.



3.


Employees

The average monthly number of employees, including directors, during the year was 18 (2023 - 18).

Page 5

 
OWEN COYLE (ANODISING) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets







Improvements to property
Plant and machinery
Fixtures and fittings
Total

£
£
£
£



Cost 


At 1 July 2023
383,890
948,441
154,225
1,486,556


Additions
-
33,001
-
33,001



At 30 June 2024

383,890
981,442
154,225
1,519,557



Depreciation


At 1 July 2023
43,962
699,188
141,072
884,222


Charge for the year
6,799
26,810
1,315
34,924



At 30 June 2024

50,761
725,998
142,387
919,146



Net book value



At 30 June 2024
333,129
255,444
11,838
600,411



At 30 June 2023
339,928
249,253
13,153
602,334


5.


Stocks

2024
2023
£
£

Finished goods
6,339
10,130

6,339
10,130


Page 6

 
OWEN COYLE (ANODISING) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Debtors

2024
2023
£
£


Trade debtors
197,611
222,814

Other debtors
332
7,297

Prepayments and accrued income
69,574
77,461

267,517
307,572



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
268,406
388,049

268,406
388,049



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
147,317
126,444

Amounts owed to group undertakings
324,375
324,375

Other taxation and social security
39,701
25,967

Other creditors
5,033
678

Accruals and deferred income
16,633
17,461

533,059
494,925


Page 7

 
OWEN COYLE (ANODISING) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


Deferred taxation




2024


£






At beginning of year
104,937


Charged to the Statement of comprehensive income
936



At end of year
105,873

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
105,873
104,937

105,873
104,937


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



4,500 Ordinary shares of £1 each
4,500
4,500



11.


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 £7,989 (2023 - £6,880). Contributions totalling £2,501 (2023 - £678) were outstanding at the reporting date.


12.


Related party transactions

The company has adopted the exemption permitted by Financial Reporting Standard 102, not to disclose any transactions with the ultimate parent company as it is wholly owned. 


13.


Ultimate parent undertaking and controlling party

The immediate and ultimate parent undertaking is Owen Coyle Managements Limited, a company incorporated in England and Wales.
There is no ultimate controlling party.
 
Page 8