Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-3023falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-10-0123falsetruefalse 05907310 2023-10-01 2024-09-30 05907310 2022-10-01 2023-09-30 05907310 2024-09-30 05907310 2023-09-30 05907310 2022-10-01 05907310 c:Director1 2023-10-01 2024-09-30 05907310 d:PlantMachinery 2023-10-01 2024-09-30 05907310 d:PlantMachinery 2024-09-30 05907310 d:PlantMachinery 2023-09-30 05907310 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05907310 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 05907310 d:MotorVehicles 2023-10-01 2024-09-30 05907310 d:MotorVehicles 2024-09-30 05907310 d:MotorVehicles 2023-09-30 05907310 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05907310 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 05907310 d:FurnitureFittings 2023-10-01 2024-09-30 05907310 d:FurnitureFittings 2024-09-30 05907310 d:FurnitureFittings 2023-09-30 05907310 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05907310 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 05907310 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05907310 d:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 05907310 d:CurrentFinancialInstruments 2024-09-30 05907310 d:CurrentFinancialInstruments 2023-09-30 05907310 d:Non-currentFinancialInstruments 2024-09-30 05907310 d:Non-currentFinancialInstruments 2023-09-30 05907310 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 05907310 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 05907310 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 05907310 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 05907310 d:ShareCapital 2024-09-30 05907310 d:ShareCapital 2023-09-30 05907310 d:RetainedEarningsAccumulatedLosses 2024-09-30 05907310 d:RetainedEarningsAccumulatedLosses 2023-09-30 05907310 d:TaxLossesCarry-forwardsDeferredTax 2024-09-30 05907310 d:TaxLossesCarry-forwardsDeferredTax 2023-09-30 05907310 c:OrdinaryShareClass1 2023-10-01 2024-09-30 05907310 c:OrdinaryShareClass1 2024-09-30 05907310 c:OrdinaryShareClass1 2023-09-30 05907310 c:FRS102 2023-10-01 2024-09-30 05907310 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 05907310 c:FullAccounts 2023-10-01 2024-09-30 05907310 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05907310 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 05907310









GEORGE LISTER ENGINEERING LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
GEORGE LISTER ENGINEERING LIMITED
REGISTERED NUMBER: 05907310

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2024
2023
2023
Note
£
£
£
£

FIXED ASSETS
  

Tangible assets
 4 
212,194
214,327

CURRENT ASSETS
  

Stocks
 5 
114,000
129,000

Debtors: amounts falling due within one year
 6 
213,142
218,477

Cash at bank and in hand
  
36,578
102,193

  
363,720
449,670

Creditors: amounts falling due within one year
 7 
(280,978)
(295,382)

NET CURRENT ASSETS
  
 
 
82,742
 
 
154,288

TOTAL ASSETS LESS CURRENT LIABILITIES
  
294,936
368,615

Creditors: amounts falling due after more than one year
 8 
(107,087)
(157,390)

PROVISIONS FOR LIABILITIES
  

Deferred tax
 9 
(50,613)
(50,667)

NET ASSETS
  
137,236
160,558


CAPITAL AND RESERVES
  

Called up share capital 
 10 
100
100

Profit and loss account
  
137,136
160,458

  
137,236
160,558


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.

Page 1

 
GEORGE LISTER ENGINEERING LIMITED
REGISTERED NUMBER: 05907310
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M Hallam
Director

Date: 24 June 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
GEORGE LISTER ENGINEERING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


GENERAL INFORMATION

George Lister Engineering Limited is a private company limited by shares and incorporated in England & Wales. Its registered office is Salisbury House, Station Road, Cambridge, CB1 2LA.
The principal place of business is Queens Business Park, Wilbraham Road, Fulbourn, Cambridge, CB21 5GT.

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

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'.

 
2.3

TURNOVER

Turnover comprises revenue recognised by the company in respect of light engineering goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.  Turnover is recognised as the fair value of the consideration received or receivable and is recognised once the goods and service has been provided.

Page 3

 
GEORGE LISTER ENGINEERING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

OPERATING LEASES

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

LEASING AND HIRE PURCHASE

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.6

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.

 
2.7

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 Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
GEORGE LISTER ENGINEERING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.8

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 balance sheet 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 balance sheet 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 balance sheet date.


 
2.9

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
15%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
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.

Page 5

 
GEORGE LISTER ENGINEERING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.10

STOCKS AND WORK IN PROGRESS

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

 
2.11

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.

 
2.12

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.

 
2.13

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.

 
2.14

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

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 23 (2023 - 23).

Page 6

 
GEORGE LISTER ENGINEERING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


TANGIBLE FIXED ASSETS





Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



COST OR VALUATION


At 1 October 2023
1,508,329
66,120
132,376
1,706,825


Additions
33,707
-
220
33,927



At 30 September 2024

1,542,036
66,120
132,596
1,740,752



DEPRECIATION


At 1 October 2023
1,312,967
57,196
122,335
1,492,498


Charge for the year on owned assets
3,759
132
1,646
5,537


Charge for the year on financed assets
28,668
1,855
-
30,523



At 30 September 2024

1,345,394
59,183
123,981
1,528,558



NET BOOK VALUE



At 30 September 2024
196,642
6,937
8,615
212,194



At 30 September 2023
195,362
8,924
10,041
214,327


5.


STOCKS

2024
2023
£
£

Work in progress
114,000
129,000



6.


DEBTORS

2024
2023
£
£


Trade debtors
212,357
218,477

Prepayments and accrued income
785
-

213,142
218,477


Page 7

 
GEORGE LISTER ENGINEERING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Bank loans
40,476
37,042

Trade creditors
115,378
111,177

Corporation tax
15,586
14,278

Other taxation and social security
69,307
92,760

Obligations under finance lease and hire purchase contracts
26,082
19,312

Other creditors
3,391
3,725

Accruals and deferred income
10,758
17,088

280,978
295,382


The bank loan represents a Government backed 'Coronavirus Business Interruption Loan Scheme' loan which was drawn down in April 2021. This loan is 100% guaranteed by the Government and no fees or interest were payable in the first 12 months. Interest is charged at 8.9% per annum. 
Obligations under finance leases and hire purchase contracts are secured on the assets subject to the agreements.


8.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Bank loans
25,322
65,798

Net obligations under finance leases and hire purchase contracts
45,819
47,776

Other creditors
35,946
43,816

107,087
157,390


The bank loan represents a Government backed 'Coronavirus Business Interruption Loan Scheme' loan which was drawn down in April 2021. This loan is 100% guaranteed by the Government and no fees or interest were payable in the first 12 months. Interest is charged at 8.9% per annum.
Obligations under finance leases and hire purchase contracts are secured on the assets subject to the agreements.

Page 8

 
GEORGE LISTER ENGINEERING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9.


DEFERRED TAXATION




2024
2023


£

£






At beginning of year
50,667
38,848


Charged to profit or loss
(54)
11,819



AT END OF YEAR
50,613
50,667

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
50,613
50,667


10.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



100 (2023 - 100) Ordinary Shares shares of £1.00 each
100
100



11.


PENSION COMMITMENTS

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £38,609 (2023 - £37,322). Contributions totalling £3,391 (2023 - £3,725) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 9