30 false false false false false false false false false false true false false true false true true No description of principal activity 2024-05-01 Sage Accounts Production Advanced 2024 - FRS102_2024 4,570 24,062 482,996 403,257 24,599 427,856 55,140 79,739 xbrli:pure xbrli:shares iso4217:GBP 2925732 2024-05-01 2024-12-31 2925732 2024-12-31 2925732 2024-04-30 2925732 2023-05-01 2024-04-30 2925732 2024-04-30 2925732 2023-04-30 2925732 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-05-01 2024-12-31 2925732 core:PlantMachinery 2024-05-01 2024-12-31 2925732 core:FurnitureFittings 2024-05-01 2024-12-31 2925732 core:MotorVehicles 2024-05-01 2024-12-31 2925732 bus:RegisteredOffice 2024-05-01 2024-12-31 2925732 bus:LeadAgentIfApplicable 2024-05-01 2024-12-31 2925732 bus:Director4 2024-05-01 2024-12-31 2925732 bus:Director5 2024-05-01 2024-12-31 2925732 bus:Director6 2024-05-01 2024-12-31 2925732 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-30 2925732 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 2925732 core:LandBuildings 2024-04-30 2925732 core:LandBuildings 2024-12-31 2925732 core:PlantMachinery 2024-04-30 2925732 core:PlantMachinery 2024-12-31 2925732 core:FurnitureFittings 2024-04-30 2925732 core:FurnitureFittings 2024-12-31 2925732 core:MotorVehicles 2024-04-30 2925732 core:MotorVehicles 2024-12-31 2925732 core:LandBuildings 2024-05-01 2024-12-31 2925732 core:WithinOneYear 2024-12-31 2925732 core:WithinOneYear 2024-04-30 2925732 core:AfterOneYear 2024-12-31 2925732 core:AfterOneYear 2024-04-30 2925732 core:RetainedEarningsAccumulatedLosses 2024-04-30 2925732 core:RetainedEarningsAccumulatedLosses 2023-04-30 2925732 core:RetainedEarningsAccumulatedLosses 2024-12-31 2925732 core:RetainedEarningsAccumulatedLosses 2024-04-30 2925732 core:ShareCapital 2024-12-31 2925732 core:ShareCapital 2024-04-30 2925732 core:BetweenOneFiveYears 2024-12-31 2925732 core:BetweenOneFiveYears 2024-04-30 2925732 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-30 2925732 core:LandBuildings 2024-04-30 2925732 core:PlantMachinery 2024-04-30 2925732 core:FurnitureFittings 2024-04-30 2925732 core:MotorVehicles 2024-04-30 2925732 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-12-31 2925732 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-12-31 2925732 core:LeasedAssetsHeldAsLessee 2024-12-31 2925732 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-04-30 2925732 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-04-30 2925732 core:LeasedAssetsHeldAsLessee 2024-04-30 2925732 bus:LeadAgentIfApplicable 2023-05-01 2024-04-30 2925732 bus:Director1 2024-05-01 2024-12-31 2925732 bus:SmallEntities 2024-05-01 2024-12-31 2925732 bus:Audited 2024-05-01 2024-12-31 2925732 bus:SmallCompaniesRegimeForAccounts 2024-05-01 2024-12-31 2925732 bus:PrivateLimitedCompanyLtd 2024-05-01 2024-12-31 2925732 bus:FullAccounts 2024-05-01 2024-12-31 2925732 core:LandBuildings core:LongLeaseholdAssets 2024-05-01 2024-12-31
COMPANY REGISTRATION NUMBER: 2925732
Engels Protechnic (formerly Protechnic) Limited
Financial Statements
31 December 2024
Engels Protechnic (formerly Protechnic) Limited
Financial Statements
Period from 1 May 2024 to 31 December 2024
Contents
Page
Directors' report
1
Independent auditor's report to the members
3
Statement of income and retained earnings
8
Statement of financial position
9
Notes to the financial statements
10
Engels Protechnic (formerly Protechnic) Limited
Directors' Report
Period from 1 May 2024 to 31 December 2024
The directors present their report and the financial statements of the company for the period ended 31 December 2024 .
Change of name and year end
During the year company changed it's year end to align to that of the parent company, as a result, the figures in the current period cover the 8 months from 1 May 2024 to 31 December 2024, whilst the comparatives cover the year from 1 May 2023 to 30 April 2024. On the 22 January 2025 the company changed it's name to Engels Protechnic Limited.
Directors
The directors who served the company during the period were as follows:
Mr JJM Engels
Mr RMAW Van Den Akker
Mr HNJ Van Doorn
Directors' responsibilities statement
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial period. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to:
- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Auditor
Each of the persons who is a director at the date of approval of this report confirms that:
- so far as they are aware, there is no relevant audit information of which the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 21 May 2025 and signed on behalf of the board by:
Mr HNJ Van Doorn
Director
Registered office:
Unit 1 West End Trading Estate
Blackfriars Road
Nailsea
Bristol
BS48 4DJ
Engels Protechnic (formerly Protechnic) Limited
Independent Auditor's Report to the Members of Engels Protechnic (formerly Protechnic) Limited
Period from 1 May 2024 to 31 December 2024
Opinion
We have audited the financial statements of Engels Protechnic (formerly Protechnic) Limited (the 'company') for the period ended 31 December 2024 which comprise the statement of income and retained earnings, statement of financial position and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: - give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the period then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; - have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other matters
The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the directors' report for the financial period for which the financial statements are prepared is consistent with the financial statements; and
- the directors' report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and returns; or - certain disclosures of directors' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit; or - the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the directors' report and from the requirement to prepare a strategic report.
Responsibilities of directors
As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Key audit matters: our assessment of risks of material misstatement Key audit matters are those matters that in our professional judgement were of most significance in the audit of the financial statements and include the most significant assessed risks of material misstatement (whether or not due to fraud) identified by us, including those which had the greatest effect on the allocation of resources in the audit, and directing the efforts of the engagement team. There are no key areas identified as the audit is very low risk with normal audit procedures adequate in all audit areas. We agreed to report to the board of directors any corrected or uncorrected identified misstatements. Identifying and reporting of risks of material misstatement due to fraud To identify risks of material misstatement due to fraud we assessed events or conditions that could indicate an incentive or pressure to commit fraud or provide an opportunity to commit fraud. Our risk assessment procedures included: - Enquiries made of the directors. We communicated identified fraud risks throughout the audit team and remained alert to any indications of fraud throughout the audit. As required by auditing standards, and taking into account possible pressures to meet targets and our overall knowledge of the control environment, we performed procedures to assess the risks of management override of controls. To address the pervasive risk as it related to management override of controls, we reviewed material journal entries and agreed these to supporting documentation where appropriate. Identifying and responding to risks of material misstatement due to non-compliance with laws and regulations We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial and sector experience and through discussion with the directors. Our assessment of risks involved gaining an understanding of the control environment including the entity's procedures for complying with regulatory requirements. We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit. The potential effect of these laws and regulations on the financial statements varies considerably: - firstly, the company is subject to laws and regulations that directly affect the financial statements including financial reporting regulation, taxation legislation (payroll and income taxes and VAT) and pension legislation and we assessed the extent of compliance with these laws and regulations as part of our procedures in the audit areas relevant to these items. - secondly, the company is subject to many other laws and regulations where the consequence of non-compliance could have a material effect on amounts or disclosures in the financial statements, for instance through the imposition of fines or litigation. We identified the following areas as those most likely to have such an effect: Health and safety laws. Food and hygiene regulations. Employment law. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the directors and inspection of regulatory and legal correspondence, if any. Therefore, if any breach of operational regulations is not disclosed to us or evident from relevant correspondence, an audit will not detect that breach. Limitations to the ability of the audit to detect fraud or breaches of laws and regulation Owing to the inherent limitation of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of fraud, as this may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. Our audit procedures are designed to detect material misstatement, and therefore we are not responsible for preventing non-compliance or fraud and cannot be expected to detect non-compliance with all laws and regulations. A further description of our responsibilities for the audit of the financial statements is located on the FRC's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report. As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. - Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Use of our report
This report is made solely to the company's members, as a body, in accordance with chapter 3 of part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
P Cridland FCA
(Senior Statutory Auditor)
For and on behalf of
Charlton Baker (Bristol) Ltd
Chartered Accountants & statutory auditor
61 Macrae Road, Ham Green, Bristol
BS20 0DD
21 May 2025
Engels Protechnic (formerly Protechnic) Limited
Statement of Income and Retained Earnings
Period from 1 May 2024 to 31 December 2024
Period from
1 May 24 to
Year to
31 Dec 24
30 Apr 24
Note
£
£
Turnover
2,027,108
3,301,112
Cost of sales
1,188,093
2,074,734
------------
------------
Gross profit
839,015
1,226,378
Administrative expenses
823,192
1,171,254
---------
------------
Operating profit
15,823
55,124
Interest payable and similar expenses
11,253
31,062
---------
------------
Profit before taxation
6
4,570
24,062
Tax on profit
-------
--------
Profit for the financial period and total comprehensive income
4,570
24,062
-------
--------
Retained earnings at the start of the period
637,020
612,958
---------
---------
Retained earnings at the end of the period
641,590
637,020
---------
---------
All the activities of the company are from continuing operations.
Engels Protechnic (formerly Protechnic) Limited
Statement of Financial Position
31 December 2024
31 Dec 24
30 Apr 24
Note
£
£
Fixed assets
Intangible assets
7
55,140
79,739
Tangible assets
8
360,874
394,314
---------
---------
416,014
474,053
Current assets
Stocks
291,001
229,654
Debtors
9
575,452
523,473
Cash at bank and in hand
85,516
202,808
---------
---------
951,969
955,935
Creditors: amounts falling due within one year
10
701,607
737,784
---------
---------
Net current assets
250,362
218,151
---------
---------
Total assets less current liabilities
666,376
692,204
Creditors: amounts falling due after more than one year
11
14,786
45,184
---------
---------
Net assets
651,590
647,020
---------
---------
Capital and reserves
Called up share capital
10,000
10,000
Profit and loss account
641,590
637,020
---------
---------
Shareholders funds
651,590
647,020
---------
---------
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
These financial statements were approved by the board of directors and authorised for issue on 21 May 2025 , and are signed on behalf of the board by:
Mr HNJ Van Doorn
Director
Company registration number: 2925732
Engels Protechnic (formerly Protechnic) Limited
Notes to the Financial Statements
Period from 1 May 2024 to 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 1 West End Trading Estate, Blackfriars Road, Nailsea, Bristol, BS48 4DJ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The accounts have been prepared on the going concern basis as, in the director's opinion, future projections and cash flows indicate the company is a going concern.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented. (c) No disclosure has been given for the aggregate remuneration of key management personnel.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Development costs
-
20% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Research and development
Research and development expenditure is initially written off in the year in which it is incurred. Development expenditure incurred on clearly defined projects whose outcome can be assessed with reasonable certainty is carried forward and amortisation is charged from that time over the lesser of the life of the project or five years.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold improvements
-
over the life of the lease
Plant and machinery
-
25% reducing balance
Fixtures and fittings
-
25% reducing balance
Motor vehicles
-
20% straight line
Computer equipment
-
20% straight line
Tooling equipment
-
20% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
The company operates a defined contribution scheme for the benefit of its employees. The costs of contributions are written off against profits in the year they are payable.
4. Auditor's remuneration
Period from
1 May 24 to
Year to
31 Dec 24
30 Apr 24
£
£
Fees payable for the audit of the financial statements
11,425
10,725
--------
--------
5. Employee numbers
The average number of persons employed by the company during the period amounted to 30 (2024: 31 ).
6. Profit before taxation
Profit before taxation is stated after charging:
Period from
1 May 24 to
Year to
31 Dec 24
30 Apr 24
£
£
Amortisation of intangible assets
24,599
45,994
Depreciation of tangible assets
59,858
137,871
Impairment of tangible assets
26,500
Interest payable to group undertakings
7,400
8,299
--------
---------
7. Intangible assets
Development costs
£
Cost
At 1 May 2024 and 31 December 2024
482,996
---------
Amortisation
At 1 May 2024
403,257
Charge for the period
24,599
---------
At 31 December 2024
427,856
---------
Carrying amount
At 31 December 2024
55,140
---------
At 30 April 2024
79,739
---------
8. Tangible assets
At 1 May 2024
Additions
At 31 December 2024
£
£
£
Cost
Land and buildings
456,268
456,268
Plant and machinery
549,517
50,980
600,497
Fixtures and fittings
22,077
22,077
Motor vehicles
9,000
9,000
Computer equipment
6,823
1,938
8,761
Tooling Equipment
193,874
193,874
------------
--------
------------
1,237,559
52,918
1,290,477
------------
--------
------------
At 1 May 2024
Charge for the period
At 31 December 2024
£
£
£
Depreciation
Land and buildings
281,153
29,187
310,340
Plant and machinery
351,966
51,611
403,577
Fixtures and fittings
14,569
909
15,478
Motor vehicles
6,300
1,200
7,500
Computer equipment
3,284
1,182
4,466
Tooling Equipment
185,973
2,269
188,242
------------
--------
---------
843,245
86,358
929,603
------------
--------
---------
At 31 December 2024
At 30 April 2024
£
£
Carrying amount
Land and buildings
145,928
175,115
Plant and machinery
196,920
197,551
Fixtures and fittings
6,599
7,508
Motor vehicles
1,500
2,700
Computer equipment
4,295
3,539
Tooling Equipment
5,632
7,901
---------
---------
360,874
394,314
---------
---------
Finance leases and hire purchase contracts
Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:
Land and buildings
Plant and machinery
Total
£
£
£
At 31 December 2024
51,366
12,992
64,358
--------
--------
--------
At 30 April 2024
61,639
45,590
107,229
--------
--------
---------
9. Debtors
31 Dec 24
30 Apr 24
£
£
Trade debtors
482,796
447,423
Other debtors
92,656
76,050
---------
---------
575,452
523,473
---------
---------
10. Creditors: amounts falling due within one year
31 Dec 24
30 Apr 24
£
£
Bank loans and overdrafts
30,811
90,278
Trade creditors
316,668
307,641
Amounts owed to group undertakings and undertakings in which the company has a participating interest
248,862
168,571
Social security and other taxes
48,599
89,277
Other creditors
56,667
82,017
---------
---------
701,607
737,784
---------
---------
The bank loan is secured by a debenture comprising fixed and floating charges over all the assets and undertaking of the company.
11. Creditors: amounts falling due after more than one year
31 Dec 24
30 Apr 24
£
£
Other creditors
14,786
45,184
--------
--------
12. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
31 Dec 24
30 Apr 24
£
£
Not later than 1 year
128,531
128,531
Later than 1 year and not later than 5 years
130,791
216,478
---------
---------
259,322
345,009
---------
---------
13. Related party transactions
Mr JJM Engels a director, is also a director on Engels Group NV which has provided funds during the period, interest of £7,400 (2024: £8,299) has been charged on the outstanding balances. The balance owed to Engels Group NV as at the year end is £248,862 (2024: £168,571) this amount is included in creditors in these financial statements.
14. Controlling party
The ultimate controlling party is Engels Group NV, a company incorporated in the Netherlands.