Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-302025-05-1610false2023-10-01falseManufacture of doors and windows of metal10truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08205078 2023-10-01 2024-09-30 08205078 2022-10-01 2023-09-30 08205078 2024-09-30 08205078 2023-09-30 08205078 2022-10-01 08205078 c:Director2 2023-10-01 2024-09-30 08205078 d:MotorVehicles 2023-10-01 2024-09-30 08205078 d:MotorVehicles 2024-09-30 08205078 d:MotorVehicles 2023-09-30 08205078 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 08205078 d:CurrentFinancialInstruments 2024-09-30 08205078 d:CurrentFinancialInstruments 2023-09-30 08205078 d:Non-currentFinancialInstruments 2024-09-30 08205078 d:Non-currentFinancialInstruments 2023-09-30 08205078 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 08205078 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 08205078 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 08205078 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 08205078 d:ShareCapital 2024-09-30 08205078 d:ShareCapital 2023-09-30 08205078 d:RetainedEarningsAccumulatedLosses 2024-09-30 08205078 d:RetainedEarningsAccumulatedLosses 2023-09-30 08205078 c:OrdinaryShareClass1 2023-10-01 2024-09-30 08205078 c:OrdinaryShareClass1 2024-09-30 08205078 c:OrdinaryShareClass1 2023-09-30 08205078 c:FRS102 2023-10-01 2024-09-30 08205078 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 08205078 c:FullAccounts 2023-10-01 2024-09-30 08205078 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 08205078 d:HirePurchaseContracts d:WithinOneYear 2024-09-30 08205078 d:HirePurchaseContracts d:WithinOneYear 2023-09-30 08205078 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-09-30 08205078 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-09-30 08205078 d:TaxLossesCarry-forwardsDeferredTax 2024-09-30 08205078 d:TaxLossesCarry-forwardsDeferredTax 2023-09-30 08205078 e:PoundSterling 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08205078









PYRAMID ALUMINIUM LIMITED








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
PYRAMID ALUMINIUM LIMITED
REGISTERED NUMBER: 08205078

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
56,572
87,127

  
56,572
87,127

Current assets
  

Stocks
  
363,600
386,909

Debtors
 5 
229,147
289,772

Cash at bank and in hand
  
54,778
69,739

  
647,525
746,420

Creditors: amounts falling due within one year
 6 
(486,309)
(578,469)

Net current assets
  
 
 
161,216
 
 
167,951

Total assets less current liabilities
  
217,788
255,078

Creditors: amounts falling due after more than one year
 7 
(26,064)
(73,886)

Provisions for liabilities
  

Deferred tax
 9 
(14,143)
(16,554)

  
 
 
(14,143)
 
 
(16,554)

Net assets
  
177,581
164,638


Capital and reserves
  

Called up share capital 
 10 
1,000
1,000

Profit and loss account
  
176,581
163,638

  
177,581
164,638


Page 1

 
PYRAMID ALUMINIUM LIMITED
REGISTERED NUMBER: 08205078
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 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 16 May 2025.




Paul Bailey
Director

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

Page 2

 
PYRAMID ALUMINIUM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

The company is registered in England and Wales. The company's registered office is Pyramid Industrial Park Chase Road, Brownhills, Walsall, West Midlands, WS8 6JT. The principal activity of the company continues to be that of the manufacture of metal doors and windows.

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.

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

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
PYRAMID ALUMINIUM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.4

Borrowing costs

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

 
2.5

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.

 
2.6

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.


 
2.7

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 4

 
PYRAMID ALUMINIUM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.7
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 basis:

Motor vehicles
-
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.

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

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 5

 
PYRAMID ALUMINIUM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.12

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.

 
2.13

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2023 - 10).

Page 6

 
PYRAMID ALUMINIUM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Motor vehicles

£



Cost or valuation


At 1 October 2023
125,875


Disposals
(22,195)



At 30 September 2024

103,680



Depreciation


At 1 October 2023
38,748


Charge for the year on financed assets
20,978


Disposals
(12,618)



At 30 September 2024

47,108



Net book value



At 30 September 2024
56,572



At 30 September 2023
87,127

Page 7

 
PYRAMID ALUMINIUM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Debtors

2024
2023
£
£



Trade debtors
87,754
170,039

Amounts owed by group undertakings
75,078
-

Other debtors
13,311
77,841

Prepayments and accrued income
53,004
41,892

229,147
289,772



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
28,816
27,937

Trade creditors
110,757
284,716

Amounts owed to group undertakings
298,084
191,223

Corporation tax
13,035
217

Obligations under finance lease and hire purchase contracts
27,992
40,286

Accruals and deferred income
7,625
34,090

486,309
578,469


Page 8

 
PYRAMID ALUMINIUM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
13,903
42,120

Net obligations under finance leases and hire purchase contracts
12,161
31,766

26,064
73,886


The following liabilities were secured:

2024
2023
£
£



Bank loans
42,719
70,057

42,719
70,057

Details of security provided:

Bank loans are secured on all current and future assets of the company and a cross company guarantee provided by the parent company.


8.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
27,992
40,285

Between 1-5 years
12,161
31,766

40,153
72,051

Page 9

 
PYRAMID ALUMINIUM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9.


Deferred taxation




2024
2023


£

£






At beginning of year
16,554
13,642


Charged to profit or loss
(2,411)
2,912



At end of year
14,143
16,554

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Tax losses carried forward
14,143
16,554

14,143
16,554


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,000 (2023 - 1,000) ordinary shares of £1.00 each
1,000
1,000



11.


Related party transactions

During the year rent of £36,250 (2023 £36,250) was paid to the Parent holidng company. As at the balance sheet date an amount of £75,078 was receivable from the Parent holding company (2023 £191,222) was payable to the Parent holding company.


12.


Controlling party

The parent company is Pyramid Group Holdings Limited, a company registered in England and Wales.
The controlling interest in that company is held by Jean Bailey.

 
Page 10