Caseware UK (AP4) 2024.0.164 2024.0.164 2024-11-302024-11-302025-05-15true2023-12-01falseNo description of principal activity3132falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00513582 2023-12-01 2024-11-30 00513582 2022-12-01 2023-11-30 00513582 2024-11-30 00513582 2023-11-30 00513582 c:CompanySecretary1 2023-12-01 2024-11-30 00513582 c:Director1 2023-12-01 2024-11-30 00513582 c:Director2 2023-12-01 2024-11-30 00513582 c:Director3 2023-12-01 2024-11-30 00513582 c:RegisteredOffice 2023-12-01 2024-11-30 00513582 d:Buildings d:ShortLeaseholdAssets 2023-12-01 2024-11-30 00513582 d:Buildings d:ShortLeaseholdAssets 2024-11-30 00513582 d:Buildings d:ShortLeaseholdAssets 2023-11-30 00513582 d:PlantMachinery 2023-12-01 2024-11-30 00513582 d:PlantMachinery 2024-11-30 00513582 d:PlantMachinery 2023-11-30 00513582 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 00513582 d:FurnitureFittings 2023-12-01 2024-11-30 00513582 d:FurnitureFittings 2024-11-30 00513582 d:FurnitureFittings 2023-11-30 00513582 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 00513582 d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 00513582 d:CurrentFinancialInstruments 2024-11-30 00513582 d:CurrentFinancialInstruments 2023-11-30 00513582 d:Non-currentFinancialInstruments 2024-11-30 00513582 d:Non-currentFinancialInstruments 2023-11-30 00513582 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 00513582 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 00513582 d:Non-currentFinancialInstruments d:AfterOneYear 2024-11-30 00513582 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 00513582 d:ShareCapital 2024-11-30 00513582 d:ShareCapital 2023-11-30 00513582 d:RetainedEarningsAccumulatedLosses 2024-11-30 00513582 d:RetainedEarningsAccumulatedLosses 2023-11-30 00513582 c:FRS102 2023-12-01 2024-11-30 00513582 c:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 00513582 c:FullAccounts 2023-12-01 2024-11-30 00513582 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure
Company registration number: 00513582







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 NOVEMBER 2024


AUTOMATICS TOOLING COMPANY LIMITED






































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AUTOMATICS TOOLING COMPANY LIMITED
 


 
COMPANY INFORMATION


Directors
G E Lord 
Dr S Huckvale 
S J Sheldrake 




Company secretary
J L Hedges



Registered number
00513582



Registered office
17 Perrywood Business Park
Honeycrock Lane

Redhill

Surrey

RH1 5JQ




Accountants
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY





 


AUTOMATICS TOOLING COMPANY LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 7

 


AUTOMATICS TOOLING COMPANY LIMITED
REGISTERED NUMBER:00513582



STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,784,203
1,880,464

  
1,784,203
1,880,464

Current assets
  

Stocks
  
610,249
489,844

Debtors: amounts falling due within one year
 5 
446,982
713,159

Cash at bank and in hand
  
43,153
52,779

  
1,100,384
1,255,782

Creditors: amounts falling due within one year
 6 
(1,443,558)
(1,708,223)

Net current liabilities
  
 
 
(343,174)
 
 
(452,441)

Total assets less current liabilities
  
1,441,029
1,428,023

Creditors: amounts falling due after more than one year
 7 
(215,136)
(330,283)

Provisions for liabilities
  

Deferred tax
  
(52,961)
-

  
 
 
(52,961)
 
 
-

Net assets
  
1,172,932
1,097,740


Capital and reserves
  

Called up share capital 
  
110,000
110,000

Profit and loss account
  
1,062,932
987,740

  
1,172,932
1,097,740


Page 1

 


AUTOMATICS TOOLING COMPANY LIMITED
REGISTERED NUMBER:00513582


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 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: 




G E Lord
Director

Date: 15 May 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


AUTOMATICS TOOLING COMPANY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.


General information

Automatics Tooling Company Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is given in the company information page of these financial statements.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

At 30 November 2024 the Statement of Financial Position reports net current liabilities of £343,174 (2023: £452,441). The directors have a reasonable expectation that the Company has adequate resources to continue operational existence for the foreseeable future. 

 
2.3

Revenue

Revenue is derived from the manufacture of medical and aerospace devices and 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. 

 
2.4

Research and development

Research and development expenditure is written off to the Statement of Income and Retained Earnings within the financial year the expenditure relates to.  

 
2.5

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.

 
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.

Page 3

 


AUTOMATICS TOOLING COMPANY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
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 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.

 
2.8

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.

Depreciation is provided on the following basis:

Leasehold Property
-
over period of the lease
Plant and machinery
-
15% reducing balance
Fixtures and fittings
-
between 10-15% reducing balance and 20-25% 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.

Page 4

 


AUTOMATICS TOOLING COMPANY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.9

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.

 
2.10

Provisions for liabilities

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

 
2.11

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial
assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans
to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 31 (2023 - 32).

Page 5

 


AUTOMATICS TOOLING COMPANY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

4.


Tangible fixed assets





Leasehold Property
Plant and machinery
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 December 2023
208,689
4,196,683
507,394
4,912,766


Additions
25,092
181,577
15,450
222,119


Disposals
-
(83,170)
-
(83,170)



At 30 November 2024

233,781
4,295,090
522,844
5,051,715



Depreciation


At 1 December 2023
197,590
2,461,497
373,215
3,032,302


Charge for the year
3,329
272,419
27,759
303,507


Disposals
-
(68,297)
-
(68,297)



At 30 November 2024

200,919
2,665,619
400,974
3,267,512



Net book value



At 30 November 2024
32,862
1,629,471
121,870
1,784,203



At 30 November 2023
11,099
1,735,186
134,179
1,880,464


5.


Debtors

2024
2023
£
£


Trade debtors
227,149
550,282

Other debtors
5,953
5,953

Prepayments and accrued income
104,634
89,115

Tax recoverable
109,246
-

Deferred taxation
-
67,809

446,982
713,159


Page 6

 


AUTOMATICS TOOLING COMPANY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
295,433
426,111

Amounts owed to group undertakings
557,748
562,482

Other taxation and social security
44,546
44,016

Obligations under finance lease and hire purchase contracts
286,173
282,582

Other creditors
171,410
304,079

Accruals and deferred income
88,248
88,953

1,443,558
1,708,223


The Company is subject to a cross guarantee agreement with its parent company.
In addition, within other creditors is a secured amount of £159,284 (2023: £289,369) relating to the companies invoice discounting facility.
Obligations under finance lease and hire purchase contracts are secured against the assets to which they relate. 


7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
215,136
330,283

215,136
330,283


Obligations under finance lease and hire purchase contracts are secured against the assets to which they relate. 

 
Page 7