Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30No description of principal activity33true2023-05-01false16trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04433272 2023-05-01 2024-04-30 04433272 2022-05-01 2023-04-30 04433272 2024-04-30 04433272 2023-04-30 04433272 c:Director1 2023-05-01 2024-04-30 04433272 d:PlantMachinery 2023-05-01 2024-04-30 04433272 d:PlantMachinery 2024-04-30 04433272 d:PlantMachinery 2023-04-30 04433272 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 04433272 d:MotorVehicles 2023-05-01 2024-04-30 04433272 d:MotorVehicles 2024-04-30 04433272 d:MotorVehicles 2023-04-30 04433272 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 04433272 d:FurnitureFittings 2023-05-01 2024-04-30 04433272 d:FurnitureFittings 2024-04-30 04433272 d:FurnitureFittings 2023-04-30 04433272 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 04433272 d:ComputerEquipment 2023-05-01 2024-04-30 04433272 d:ComputerEquipment 2024-04-30 04433272 d:ComputerEquipment 2023-04-30 04433272 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 04433272 d:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 04433272 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 04433272 d:Goodwill 2023-05-01 2024-04-30 04433272 d:Goodwill 2024-04-30 04433272 d:Goodwill 2023-04-30 04433272 d:CurrentFinancialInstruments 2024-04-30 04433272 d:CurrentFinancialInstruments 2023-04-30 04433272 d:Non-currentFinancialInstruments 2024-04-30 04433272 d:Non-currentFinancialInstruments 2023-04-30 04433272 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 04433272 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 04433272 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 04433272 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 04433272 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-04-30 04433272 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 04433272 d:ShareCapital 2024-04-30 04433272 d:ShareCapital 2023-04-30 04433272 d:RetainedEarningsAccumulatedLosses 2024-04-30 04433272 d:RetainedEarningsAccumulatedLosses 2023-04-30 04433272 c:FRS102 2023-05-01 2024-04-30 04433272 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 04433272 c:FullAccounts 2023-05-01 2024-04-30 04433272 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 04433272 d:HirePurchaseContracts d:WithinOneYear 2024-04-30 04433272 d:HirePurchaseContracts d:WithinOneYear 2023-04-30 04433272 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-04-30 04433272 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-04-30 04433272 d:Goodwill d:ExternallyAcquiredIntangibleAssets 2023-05-01 2024-04-30 04433272 2 2023-05-01 2024-04-30 04433272 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 04433272 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 04433272 d:Goodwill d:OwnedIntangibleAssets 2023-05-01 2024-04-30 04433272 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 04433272










TECTONICS UK LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
TECTONICS UK LTD
REGISTERED NUMBER: 04433272

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
381,708
412,500

Tangible assets
 5 
171,666
150,437

  
553,374
562,937

Current assets
  

Stocks
 6 
412,461
370,127

Debtors: amounts falling due within one year
 7 
490,522
650,515

Cash at bank and in hand
 8 
912
52,713

  
903,895
1,073,355

Creditors: amounts falling due within one year
 9 
(751,969)
(898,151)

Net current assets
  
 
 
151,926
 
 
175,204

Total assets less current liabilities
  
705,300
738,141

Creditors: amounts falling due after more than one year
 10 
(120,735)
(99,821)

Provisions for liabilities
  

Deferred tax
 13 
(39,704)
(33,644)

  
 
 
(39,704)
 
 
(33,644)

Net assets
  
544,861
604,676


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
543,861
603,676

  
544,861
604,676

Page 1

 
TECTONICS UK LTD
REGISTERED NUMBER: 04433272
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 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 by: 






S. D. Hadley
Director

Date: 22 April 2025

The notes on pages 3 to 11 form part of these financial statements.
Page 2

 
TECTONICS UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Tectonics UK Limited (04433272) is a private company limited by shares. It is incorporated in England & Wales. The registered office is White Gates, Mounters Lane, Chawton, Alton, Hampshire, GU34 1RZ.

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:

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.

 
2.3

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

Other 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.

Page 3

 
TECTONICS UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
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.

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
-
15%
SL
Motor vehicles
-
25%
SL
Fixtures and fittings
-
15%
SL
Computer equipment
-
20%
SL
Other fixed assets
-
20%
SL

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.

 
2.5

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 profit or loss.

 
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.

Page 4

 
TECTONICS UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
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.

 
2.9

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.

 
2.10

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.11

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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.12

Interest income

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

Page 5

 
TECTONICS UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.13

Borrowing costs

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

 
2.14

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.

 
2.15

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 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.



3.


Employees

The average monthly number of employees, including directors, during the year was 33 (2023 - 16).

Page 6

 
TECTONICS UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 May 2023
1,087,500


Additions
35,000



At 30 April 2024

1,122,500



Amortisation


At 1 May 2023
675,000


Charge for the year on owned assets
65,792



At 30 April 2024

740,792



Net book value



At 30 April 2024
381,708



At 30 April 2023
412,500



Page 7

 
TECTONICS UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 May 2023
471,648
20,190
4,392
64,917
561,147


Additions
35,569
-
1,284
22,828
59,681


Disposals
-
-
(189)
-
(189)



At 30 April 2024

507,217
20,190
5,487
87,745
620,639



Depreciation


At 1 May 2023
334,971
12,407
3,995
59,337
410,710


Charge for the year on owned assets
27,375
3,135
134
7,633
38,277


Disposals
-
-
(14)
-
(14)



At 30 April 2024

362,346
15,542
4,115
66,970
448,973



Net book value



At 30 April 2024
144,871
4,648
1,372
20,775
171,666



At 30 April 2023
136,677
7,783
397
5,580
150,437


6.


Stocks

2024
2023
£
£

Raw materials and consumables
412,461
370,127

412,461
370,127


Page 8

 
TECTONICS UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

7.


Debtors

2024
2023
£
£


Trade debtors
421,871
553,380

Other debtors
68,651
97,135

490,522
650,515



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
912
52,713

Less: bank overdrafts
(33,846)
-

(32,934)
52,713



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
33,846
-

Bank loans
2,328
2,328

Trade creditors
460,693
764,136

Corporation tax
15,016
9,657

Other taxation and social security
99,693
18,966

Obligations under finance lease and hire purchase contracts
21,907
9,098

Other creditors
2,859
3,469

Accruals and deferred income
115,627
90,497

751,969
898,151


Page 9

 
TECTONICS UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
34,068
58,037

Net obligations under finance leases and hire purchase contracts
86,667
41,784

120,735
99,821



11.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
2,328
2,328


2,328
2,328

Amounts falling due 1-2 years

Bank loans
34,068
58,037


34,068
58,037



36,396
60,365



12.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
21,907
9,098

Between 1-5 years
86,667
41,784

108,574
50,882
Page 10

 
TECTONICS UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

13.


Deferred taxation




2024


£






At beginning of year
(33,644)


Utilised in year
(6,060)



At end of year
(39,704)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(39,704)
(33,644)

(39,704)
(33,644)

 
Page 11