Company registration number 03959117 (England and Wales)
CCL STRESSING SYSTEMS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
CCL STRESSING SYSTEMS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 8
CCL STRESSING SYSTEMS LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
658,105
753,145
Current assets
Stocks
1,024,862
931,380
Debtors
4
1,801,108
2,332,980
Cash at bank and in hand
1,449,510
636,522
4,275,480
3,900,882
Creditors: amounts falling due within one year
5
(1,450,220)
(1,009,501)
Net current assets
2,825,260
2,891,381
Total assets less current liabilities
3,483,365
3,644,526
Creditors: amounts falling due after more than one year
6
(167,325)
(254,625)
Provisions for liabilities
7
(84,753)
(113,890)
Net assets
3,231,287
3,276,011
Capital and reserves
Called up share capital
1,000
1,000
Share premium account
32,566
32,566
Profit and loss reserves
3,197,721
3,242,445
Total equity
3,231,287
3,276,011

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 6 June 2025 and are signed on its behalf by:
Mr M Emson
Director
Company Registration No. 03959117
CCL STRESSING SYSTEMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

CCL Stressing Systems Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 8 Millennium Drive, Holbeck, Leeds, LS11 5BP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies are set out below.

The immediate parent company is CCL Stressing International Limited, with the registered office of Unit 8 Millennium Drive, Holbeck, Leeds, LS11 5BP.

 

The financial statements of the company are consolidated in the financial statements of CCL Holding (BVI) Limited. These consolidated financial statements are available from its registered office, Kingston Chambers, PO BOX 173, Road Town, Tortola, Virgin Islands.

1.2
Going concern

The directors have considered all factors, including in the wider economy as part of their assessment of going concern. Sensitised budgets and cashflows have been prepared using assumptions for customer demand and supply chain costs as well as expectations for legal and regulatory environmental impacts. The directors believe on balance that they have sufficient resources to enable trading to continue for a period of at least one year from the date of approval of the financial statements. Accordingly, these financial statements have been prepared on a going concern basis. true

1.3
Turnover

Turnover is recognised at the fair value of the consideration received for pre-stressing and post-tensioning products provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

CCL STRESSING SYSTEMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 3 -
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
10 years straight line
Plant and equipment
3 to 10 years straight line
Fixtures and fittings
2 to 10 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

CCL STRESSING SYSTEMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

CCL STRESSING SYSTEMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of inventories or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.14
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

CCL STRESSING SYSTEMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
29
29
3
Tangible fixed assets
Leasehold improvements
Plant and equipment
Fixtures and fittings
Total
£
£
£
£
Cost
At 1 January 2024
662,147
2,808,403
60,964
3,531,514
Additions
-
0
120,679
8,531
129,210
Disposals
(27,210)
(68,972)
(15,393)
(111,575)
At 31 December 2024
634,937
2,860,110
54,102
3,549,149
Depreciation and impairment
At 1 January 2024
547,296
2,177,122
53,951
2,778,369
Depreciation charged in the year
28,166
189,788
6,296
224,250
Eliminated in respect of disposals
(27,210)
(68,972)
(15,393)
(111,575)
At 31 December 2024
548,252
2,297,938
44,854
2,891,044
Carrying amount
At 31 December 2024
86,685
562,172
9,248
658,105
At 31 December 2023
114,851
631,281
7,013
753,145

The net carrying value of tangible fixed assets includes £303,969 (2023: £411,253 ) in respect of assets held under finance leases or hire purchase contract. Depreciation charge for the year in respect of these leased assets totalled £107,283 (2023: £107,283 ).

4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
442,111
689,715
Amounts owed by group undertakings
1,266,477
1,533,509
Other debtors
92,520
109,756
1,801,108
2,332,980

Amounts owed by group undertakings are non-interest-bearing and repayable on demand.

CCL STRESSING SYSTEMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Obligations under finance leases
87,300
87,300
Trade creditors
292,331
493,958
Amounts owed to group undertakings
886,255
229,238
Taxation and social security
34,351
38,578
Other creditors
13,999
6,095
Accruals and deferred income
135,984
154,332
1,450,220
1,009,501

Obligations under finance leases are secured against the assets to which they relate.

 

Amounts owed to group undertakings are non-interest-bearing and repayable on demand.

6
Creditors: amounts falling due after more than one year
2024
2023
Notes
£
£
Obligations under finance leases
167,325
254,625

Obligations under finance leases are secured against the assets to which they relate.

7
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
84,753
113,890
8
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
300,955
445,236
9
Financial commitments, guarantees and contingent liabilities

The company is party to a multilateral guarantee given to its bankers as disclosed in note 10. The total contingent liability of the company relating to bank indebtedness at the year end date amounted to £Nil (2023 - £Nil). As no default had occurred on any of the debt, no liability arises.

CCL STRESSING SYSTEMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 8 -
10
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Sales
Sales
Purchases
Purchases
2024
2023
2024
2023
£
£
£
£
Entities with control, joint control or significant influence over the company
6,459
23,366
-
0
-
0
Other related parties
2,138,290
4,205,766
23,270
359,948
Management charges
Rent
2024
2023
2024
2023
£
£
£
£
Entities with control, joint control or significant influence over the company
128,944
121,274
300,000
300,000
Other related parties
(91,635)
(91,233)
-
-
Other information

The company is party to an unlimited multilateral guarantee given to group bankers. This is between the company, CCL Stressing International Limited, CCL Holding (BVI) Limited and DH Holding SAL. The total indebtedness under the guarantees is disclosed in note 9.

Details of outstanding balances owed by or to related companies as at the year end are given in note 4 and note 5.

11
Parent company

The immediate parent company is CCL Stressing International Limited, with the registered office of Unit 8 Millennium Drive, Holbeck, Leeds, LS11 5BP.

 

The ultimate parent company is CCL Holding (BVI) Limited, a company incorporated in the British Virgin Islands. The consolidated accounts of the group into which the company is consolidated can be obtained from its registered office of Kingston Chambers, PO BOX 173, Road Town, Tortola, Virgin Islands.

12
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

The audit report was signed on 6 June 2025.
The senior statutory auditor was Daisy Marsden.
The auditor was Azets Audit Services Limited.
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