Caseware UK (AP4) 2023.0.135 2023.0.135 falsefalse12023-06-01No description of principal activity1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13379775 2023-06-01 2023-12-31 13379775 2022-06-01 2023-05-31 13379775 2023-12-31 13379775 2023-05-31 13379775 c:Director1 2023-06-01 2023-12-31 13379775 d:PlantMachinery 2023-06-01 2023-12-31 13379775 d:PlantMachinery 2023-12-31 13379775 d:PlantMachinery 2023-05-31 13379775 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2023-12-31 13379775 d:MotorVehicles 2023-06-01 2023-12-31 13379775 d:MotorVehicles 2023-12-31 13379775 d:MotorVehicles 2023-05-31 13379775 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-06-01 2023-12-31 13379775 d:ComputerEquipment 2023-06-01 2023-12-31 13379775 d:ComputerEquipment 2023-12-31 13379775 d:ComputerEquipment 2023-05-31 13379775 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-06-01 2023-12-31 13379775 d:OwnedOrFreeholdAssets 2023-06-01 2023-12-31 13379775 d:CurrentFinancialInstruments 2023-12-31 13379775 d:CurrentFinancialInstruments 2023-05-31 13379775 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13379775 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 13379775 d:ShareCapital 2023-12-31 13379775 d:ShareCapital 2023-05-31 13379775 d:RetainedEarningsAccumulatedLosses 2023-12-31 13379775 d:RetainedEarningsAccumulatedLosses 2023-05-31 13379775 c:FRS102 2023-06-01 2023-12-31 13379775 c:AuditExempt-NoAccountantsReport 2023-06-01 2023-12-31 13379775 c:FullAccounts 2023-06-01 2023-12-31 13379775 c:PrivateLimitedCompanyLtd 2023-06-01 2023-12-31 13379775 2 2023-06-01 2023-12-31 13379775 e:PoundSterling 2023-06-01 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 13379775











OTTEVANGER MILLING ENGINEERS LIMITED
Unaudited
Financial statements
For the Period Ended 31 December 2023

















Coveney Nicholls Limited
Chartered Accountants & Statutory Auditor
The Old Wheel House
31/37 Church Street
Reigate
Surrey
UK
RH2 0AD

 
OTTEVANGER MILLING ENGINEERS LIMITED
Registered number:13379775

Balance Sheet
As at 31 December 2023

31 December
31 May
2023
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
46,601
46,757

  
46,601
46,757

Current assets
  

Debtors: amounts falling due within one year
 5 
235,612
3,545

Cash at bank and in hand
 6 
851,894
2,386,008

  
1,087,506
2,389,553

Creditors: amounts falling due within one year
 7 
(1,079,179)
(2,146,458)

Net current assets
  
 
 
8,327
 
 
243,095

Total assets less current liabilities
  
54,928
289,852

  

Net assets
  
54,928
289,852


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
54,828
289,752

  
54,928
289,852


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 period 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 19 March 2025.



Page 1

 
OTTEVANGER MILLING ENGINEERS LIMITED
Registered number:13379775
    
Balance Sheet (continued)
As at 31 December 2023


Erik Willem Ottevanger
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
OTTEVANGER MILLING ENGINEERS LIMITED
 
 
Notes to the Financial Statements

For the Period Ended 31 December 2023

1.


General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Wheel House, 31/37 Church Street, Reigate, Surrey, RH2 0AD, UK.

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 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.

 
2.3

Interest income

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

 
2.4

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.

Page 3

 
OTTEVANGER MILLING ENGINEERS LIMITED
 
 
Notes to the Financial Statements

For the Period Ended 31 December 2023

2.Accounting policies (continued)

 
2.5

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 balance sheet date in the countries where the Company operates and generates income.


 
2.6

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Reducing balance
Motor vehicles
-
20%
Reducing balance
Computer equipment
-
25%
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 profit or loss.

 
2.7

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.

 
2.8

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.

 
2.9

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

 
OTTEVANGER MILLING ENGINEERS LIMITED
 
 
Notes to the Financial Statements

For the Period Ended 31 December 2023

3.


Employees

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


4.


Tangible fixed assets







Plant and machinery
Motor vehicles
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 June 2023
-
49,639
-
49,639


Additions
4,750
-
1,268
6,018



At 31 December 2023

4,750
49,639
1,268
55,657



Depreciation


At 1 June 2023
-
2,882
-
2,882


Charge for the period on owned assets
693
5,455
26
6,174



At 31 December 2023

693
8,337
26
9,056



Net book value



At 31 December 2023
4,057
41,302
1,242
46,601



At 31 May 2023
-
46,757
-
46,757


5.


Debtors

31 December
31 May
2023
2023
£
£


Trade debtors
144,233
-

Other debtors
84,084
-

Prepayments and accrued income
7,295
3,545

235,612
3,545


Page 5

 
OTTEVANGER MILLING ENGINEERS LIMITED
 
 
Notes to the Financial Statements

For the Period Ended 31 December 2023

6.


Cash and cash equivalents

31 December
31 May
2023
2023
£
£

Cash at bank and in hand
851,894
2,386,008

851,894
2,386,008



7.


Creditors: Amounts falling due within one year

31 December
31 May
2023
2023
£
£

Trade creditors
405,772
545,291

Amounts owed to group undertakings
9,809
9,892

Corporation tax
61,510
61,510

Other taxation and social security
3,405
13,992

Other creditors
-
660

Accruals and deferred income
598,683
1,515,113

1,079,179
2,146,458


 
Page 6