Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30false2023-10-01falseNo description of principal activity4246trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04139534 2023-10-01 2024-09-30 04139534 2022-10-01 2023-09-30 04139534 2024-09-30 04139534 2023-09-30 04139534 2022-10-01 04139534 5 2022-10-01 2023-09-30 04139534 d:Director3 2023-10-01 2024-09-30 04139534 e:Buildings 2023-10-01 2024-09-30 04139534 e:Buildings 2024-09-30 04139534 e:Buildings 2023-09-30 04139534 e:Buildings e:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04139534 e:PlantMachinery 2023-10-01 2024-09-30 04139534 e:PlantMachinery 2024-09-30 04139534 e:PlantMachinery 2023-09-30 04139534 e:PlantMachinery e:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04139534 e:OfficeEquipment 2023-10-01 2024-09-30 04139534 e:OfficeEquipment 2024-09-30 04139534 e:OfficeEquipment 2023-09-30 04139534 e:OfficeEquipment e:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04139534 e:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 04139534 e:OtherPropertyPlantEquipment 2024-09-30 04139534 e:OtherPropertyPlantEquipment 2023-09-30 04139534 e:OtherPropertyPlantEquipment e:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04139534 e:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04139534 e:PatentsTrademarksLicencesConcessionsSimilar 2023-10-01 2024-09-30 04139534 e:PatentsTrademarksLicencesConcessionsSimilar 2024-09-30 04139534 e:PatentsTrademarksLicencesConcessionsSimilar 2023-09-30 04139534 e:CurrentFinancialInstruments 2024-09-30 04139534 e:CurrentFinancialInstruments 2023-09-30 04139534 e:CurrentFinancialInstruments 1 2024-09-30 04139534 e:CurrentFinancialInstruments 1 2023-09-30 04139534 e:Non-currentFinancialInstruments 2024-09-30 04139534 e:Non-currentFinancialInstruments 2023-09-30 04139534 e:CurrentFinancialInstruments e:WithinOneYear 2024-09-30 04139534 e:CurrentFinancialInstruments e:WithinOneYear 2023-09-30 04139534 e:Non-currentFinancialInstruments e:AfterOneYear 2024-09-30 04139534 e:Non-currentFinancialInstruments e:AfterOneYear 2023-09-30 04139534 e:Non-currentFinancialInstruments e:BetweenOneTwoYears 2024-09-30 04139534 e:Non-currentFinancialInstruments e:BetweenOneTwoYears 2023-09-30 04139534 e:Non-currentFinancialInstruments e:BetweenTwoFiveYears 2024-09-30 04139534 e:Non-currentFinancialInstruments e:BetweenTwoFiveYears 2023-09-30 04139534 e:Non-currentFinancialInstruments e:MoreThanFiveYears 2024-09-30 04139534 e:Non-currentFinancialInstruments e:MoreThanFiveYears 2023-09-30 04139534 e:ShareCapital 2023-10-01 2024-09-30 04139534 e:ShareCapital 2024-09-30 04139534 e:ShareCapital 2022-10-01 2023-09-30 04139534 e:ShareCapital 2023-09-30 04139534 e:ShareCapital 2022-10-01 04139534 e:RevaluationReserve 2023-10-01 2024-09-30 04139534 e:RevaluationReserve 2024-09-30 04139534 e:RevaluationReserve 2022-10-01 2023-09-30 04139534 e:RevaluationReserve 2023-09-30 04139534 e:RevaluationReserve 2022-10-01 04139534 e:RevaluationReserve 5 2022-10-01 2023-09-30 04139534 e:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 04139534 e:RetainedEarningsAccumulatedLosses 2024-09-30 04139534 e:RetainedEarningsAccumulatedLosses 2022-10-01 2023-09-30 04139534 e:RetainedEarningsAccumulatedLosses 2023-09-30 04139534 e:RetainedEarningsAccumulatedLosses 2022-10-01 04139534 d:FRS102 2023-10-01 2024-09-30 04139534 d:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 04139534 d:FullAccounts 2023-10-01 2024-09-30 04139534 d:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04139534 1 2023-10-01 2024-09-30 04139534 2 2023-10-01 2024-09-30 04139534 5 2023-10-01 2024-09-30 04139534 e:AcceleratedTaxDepreciationDeferredTax 2024-09-30 04139534 e:AcceleratedTaxDepreciationDeferredTax 2023-09-30 04139534 e:PlantMachinery e:LeasedAssetsHeldAsLessee 2024-09-30 04139534 e:PlantMachinery e:LeasedAssetsHeldAsLessee 2023-09-30 04139534 e:LeasedAssetsHeldAsLessee 2024-09-30 04139534 e:LeasedAssetsHeldAsLessee 2023-09-30 04139534 f:PoundSterling 2023-10-01 2024-09-30 04139534 e:RetainedEarningsAccumulatedLosses 5 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure

Registered number: 04139534










SCREENWORKS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
SCREENWORKS LIMITED
REGISTERED NUMBER: 04139534

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
236,313
1,963,079

  
236,313
1,963,079

Current assets
  

Stocks
 6 
364,840
337,358

Debtors: amounts falling due within one year
 7 
957,977
1,315,902

Cash at bank and in hand
  
59,440
86,057

  
1,382,257
1,739,317

Creditors: amounts falling due within one year
 8 
(1,333,353)
(2,123,988)

Net current assets/(liabilities)
  
 
 
48,904
 
 
(384,671)

Total assets less current liabilities
  
285,217
1,578,408

Creditors: amounts falling due after more than one year
 9 
(69,597)
(783,642)

Provisions for liabilities
  

Deferred tax
 11 
(49,172)
(194,446)

  
 
 
(49,172)
 
 
(194,446)

Net assets
  
166,448
600,320


Capital and reserves
  

Called up share capital 
  
1,001
1,001

Revaluation reserve
  
-
627,364

Profit and loss account
  
165,447
(28,045)

  
166,448
600,320

Page 1

 
SCREENWORKS LIMITED
REGISTERED NUMBER: 04139534
    
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 income statement 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: 




................................................
D O Gilmour
Director

Date: 24 June 2025

The notes on pages 5 to 18 form part of these financial statements.
Page 2

 
SCREENWORKS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024


Called up share capital
Revaluation reserve
Profit and loss account
Total equity

£
£
£
£

At 1 October 2023
1,001
627,364
(28,045)
600,320


Comprehensive income for the year

Loss for the year
-
-
(417,527)
(417,527)
Total comprehensive income for the year
-
-
(417,527)
(417,527)


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(16,345)
(16,345)

Transfer to/from profit and loss account
-
(627,364)
627,364
-


Total transactions with owners
-
(627,364)
611,019
(16,345)


At 30 September 2024
1,001
-
165,447
166,448


The notes on pages 5 to 18 form part of these financial statements.
Page 3

 
SCREENWORKS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2023


Called up share capital
Revaluation reserve
Profit and loss account
Total equity

£
£
£
£

At 1 October 2022
1,001
-
196,859
197,860


Comprehensive income for the year

Loss for the year

-
-
(212,904)
(212,904)

Surplus on revaluation of freehold property
-
627,364
-
627,364


Other comprehensive income for the year
-
627,364
-
627,364


Total comprehensive income for the year
-
627,364
(212,904)
414,460


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(12,000)
(12,000)


Total transactions with owners
-
-
(12,000)
(12,000)


At 30 September 2023
1,001
627,364
(28,045)
600,320


The notes on pages 5 to 18 form part of these financial statements.
Page 4

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

1.


General information

Screenworks Limited is a private company limited by shares and incorporated in England and Wales, registration number 04139534. The registered office is Unit 3 Homefield Road West, Haverhill, Suffolk, England, CB9 8QP. 
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statemens are set out below. These policies have been consistently apploed to all years presented unless otherwise stated. 

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

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements. 

Page 5

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

2.Accounting policies (continued)

 
2.3

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 Income Statement within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.4

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.

 
2.5

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 6

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

2.Accounting policies (continued)

 
2.6

Sale and leaseback

Where a sale and leaseback transaction results in a finance lease, no gain is immediately recognised for any excess of sales proceeds over the carrying amount of the asset. Instead, the proceeds are presented as a liability and subsequently measured at amortised cost using the effective interest method.
When a sale and leaseback transaction results in an operating lease, and it is clear that the transition is established at fair value any profit or loss is recognised immediately. If the sale price is below fair value, any profit or loss is recognised immediately unless the loss is compensated for by the future lease payments at below market price. In that case any such loss is amortised in proportion to the lease payments over the period for which the asset is expected to be used. If the sale price is above fair value, the excess over fair value is amortised over the period for which the asset is expected to be used.

 
2.7

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.

 
2.8

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.9

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.

 
2.10

Borrowing costs

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

 
2.11

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 7

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

2.Accounting policies (continued)

 
2.12

Share-based payments

Where share options are awarded to employees, the fair value of the options at the date of grant is charged to profit or loss over the vesting period. Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each reporting date so that, ultimately, the cumulative amount recognised over the vesting period is based on the number of options that eventually vest. Market vesting conditions are factored into the fair value of the options granted. The cumulative expense is not adjusted for failure to achieve a market vesting condition.
The fair value of the award also takes into account non-vesting conditions. These are either factors beyond the control of either party (such as a target based on an index) or factors which are within the control of one or other of the parties (such as the Company keeping the scheme open or the employee maintaining any contributions required by the scheme).
Where the terms and conditions of options are modified before they vest, the increase in the fair value of the options, measured immediately before and after the modification, is also charged to profit or loss over the remaining vesting period.
Where equity instruments are granted to persons other than employees, profit or loss is charged with fair value of goods and services received.
Page 8

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

2.Accounting policies (continued)

 
2.13

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.




 
2.14

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 Amortisation is provided on the following bases:

Intellectual Property
-
25%
Straight Line
Page 9

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

2.Accounting policies (continued)

 
2.15

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, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Reducing balance
Office equipment
-
25%
Reducing balance
Computer equipment
-
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.

 
2.16

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.17

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.

Page 10

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

2.Accounting policies (continued)

 
2.18

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.

  
2.19

Factoring arrangements

Where debts are assigned to a factor who has full recourse to the Company for its losses, the gross amount of the relevant debts are shown in debtors and the proceeds received from the factor are included within liabilities. 

 
2.20

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.

 
2.21

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.

 
2.22

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.
Page 11

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

2.Accounting policies (continued)

 
2.23

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 42 (2023 - 46).


4.


Intangible assets




Patents

£



Cost


At 1 October 2023
893



At 30 September 2024

893



Amortisation


At 1 October 2023
893



At 30 September 2024

893



Net book value



At 30 September 2024
-



At 30 September 2023
-



Page 12

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

5.


Tangible fixed assets





Freehold property
Plant and machinery
Office equipment
Computer Equipment
Total

£
£
£
£
£



Cost or valuation


At 1 October 2023
1,685,000
773,632
121,012
20,281
2,599,925


Additions
-
28,321
-
-
28,321


Disposals
(1,685,000)
-
-
-
(1,685,000)



At 30 September 2024

-
801,953
121,012
20,281
943,246



Depreciation


At 1 October 2023
-
552,819
64,963
19,064
636,846


Charge for the year on owned assets
-
58,619
10,723
745
70,087



At 30 September 2024

-
611,438
75,686
19,809
706,933



Net book value



At 30 September 2024
-
190,515
45,326
472
236,313



At 30 September 2023
1,685,000
220,813
56,049
1,217
1,963,079

The property was sold for £1,685,000 at arms length on 21st December 2023. Annual rent payable is to be charged at £125,000 for 10 years. 

Page 13

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

           5.Tangible fixed assets (continued)

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Plant and machinery
109,778
146,370

109,778
146,370


6.


Stocks

2024
2023
£
£

Work in progress
2,120
2,328

Finished goods and goods for resale
362,720
335,030

364,840
337,358



7.


Debtors

2024
2023
£
£


Trade debtors
703,655
1,053,597

Other debtors
128,010
134,103

Prepayments and accrued income
100,923
103,475

Tax recoverable
25,389
24,727

957,977
1,315,902


Page 14

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

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
-
70,116

Other loans
50,000
50,000

Trade creditors
727,326
1,017,668

Corporation tax
10,968
38,197

Other taxation and social security
82,066
163,173

Obligations under finance lease and hire purchase contracts
30,893
36,422

Invoice discounting
357,468
690,655

Other creditors
43,937
56,002

Accruals and deferred income
30,695
1,755

1,333,353
2,123,988


The following liabilities were secured:

2024
2023
£
£



Aggregate amount of creditors
388,360
749,010

388,360
749,010

Details of security provided:

Amounts due under the invoice discounting arrangement of £357,468 (2023: £690,655) are secured by a charge over the debt book.
The aggregate amount of creditors for which security has been given amounted to £388,360 (2023: £749,010) for amounts due within one year.

Page 15

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

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
-
633,152

Other loans
37,500
87,500

Net obligations under finance leases and hire purchase contracts
32,097
62,990

69,597
783,642


The following liabilities were secured:

2024
2023
£
£



Aggregate amount of creditors
32,097
649,337

32,097
649,337

Details of security provided:

The aggregate amount of creditors for which security has been given amounted to £32,097 (2023: £649,337) for amounts due in more than one year. 

Page 16

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

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
-
70,116

Other loans
50,000
50,000


50,000
120,116

Amounts falling due 1-2 years

Bank loans
-
68,737

Other loans
37,500
50,000


37,500
118,737

Amounts falling due 2-5 years

Bank loans
-
21,932

Other loans
-
37,500


-
59,432

Amounts falling due after more than 5 years

Bank loans
-
542,483

-
542,483

87,500
840,768


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

11.


Deferred taxation




2024
2023


£

£






At beginning of year
(194,446)
(51,139)


Charged/(charged) to profit or loss
145,274
(143,307)



At end of year
(49,172)
(194,446)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(49,172)
(194,446)

(49,172)
(194,446)


12.


Pension commitments

The company operates a defined contribution scheme. The assets of the scheme are held seperately from those of the company in an independent administered fund.
The pension cost charge represents contributions payable by the company to the fund and amounted to £49,747 (2023: £50,721) for the year. Contributions totalling £10,053 (2023: £8,502) were payable to the fund at the balance sheet date and are included in creditors.


13.


Controlling party

D O Gilmour is the controlling party by virtue of his shareholding in the company.
 
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