Caseware UK (AP4) 2024.0.164 2024.0.164 2024-11-302024-11-302023-12-01falseNo description of principal activity1818falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC352327 2023-12-01 2024-11-30 SC352327 2022-12-01 2023-11-30 SC352327 2024-11-30 SC352327 2023-11-30 SC352327 c:CompanySecretary1 2023-12-01 2024-11-30 SC352327 c:Director1 2023-12-01 2024-11-30 SC352327 c:Director2 2023-12-01 2024-11-30 SC352327 c:RegisteredOffice 2023-12-01 2024-11-30 SC352327 d:PlantMachinery 2023-12-01 2024-11-30 SC352327 d:PlantMachinery 2024-11-30 SC352327 d:PlantMachinery 2023-11-30 SC352327 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 SC352327 d:MotorVehicles 2023-12-01 2024-11-30 SC352327 d:MotorVehicles 2024-11-30 SC352327 d:MotorVehicles 2023-11-30 SC352327 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 SC352327 d:ComputerEquipment 2023-12-01 2024-11-30 SC352327 d:ComputerEquipment 2024-11-30 SC352327 d:ComputerEquipment 2023-11-30 SC352327 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 SC352327 d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 SC352327 d:CurrentFinancialInstruments 2024-11-30 SC352327 d:CurrentFinancialInstruments 2023-11-30 SC352327 d:Non-currentFinancialInstruments 2024-11-30 SC352327 d:Non-currentFinancialInstruments 2023-11-30 SC352327 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 SC352327 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 SC352327 d:Non-currentFinancialInstruments d:AfterOneYear 2024-11-30 SC352327 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 SC352327 d:ShareCapital 2024-11-30 SC352327 d:ShareCapital 2023-11-30 SC352327 d:RetainedEarningsAccumulatedLosses 2024-11-30 SC352327 d:RetainedEarningsAccumulatedLosses 2023-11-30 SC352327 c:OrdinaryShareClass1 2023-12-01 2024-11-30 SC352327 c:OrdinaryShareClass1 2024-11-30 SC352327 c:OrdinaryShareClass1 2023-11-30 SC352327 c:FRS102 2023-12-01 2024-11-30 SC352327 c:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 SC352327 c:FullAccounts 2023-12-01 2024-11-30 SC352327 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 SC352327 4 2024-11-30 SC352327 4 2023-11-30 SC352327 f:PoundSterling 2023-12-01 2024-11-30 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC352327










GRAINTEK UK LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

 
GRAINTEK UK LTD
 

COMPANY INFORMATION


DIRECTORS
Mr K Addison 
Mr P I Crow 




COMPANY SECRETARY
Mrs L Addison



REGISTERED NUMBER
SC352327



REGISTERED OFFICE
Westby
64 West High Street

Forfar

Angus

DD8 1BJ




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
GRAINTEK UK LTD
REGISTERED NUMBER: SC352327

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
444,535
371,846

Investments
 5 
200
200

  
444,735
372,046

CURRENT ASSETS
  

Stocks
  
339,574
203,877

Debtors: amounts falling due within one year
 6 
1,235,025
1,236,094

Cash at bank and in hand
  
219,657
9,732

  
1,794,256
1,449,703

Creditors: amounts falling due within one year
 7 
(710,741)
(554,305)

NET CURRENT ASSETS
  
 
 
1,083,515
 
 
895,398

TOTAL ASSETS LESS CURRENT LIABILITIES
  
1,528,250
1,267,444

Creditors: amounts falling due after more than one year
 8 
(13,355)
(31,345)

PROVISIONS FOR LIABILITIES
  

Deferred tax
  
(111,134)
(93,360)

  
 
 
(111,134)
 
 
(93,360)

NET ASSETS
  
1,403,761
1,142,739


CAPITAL AND RESERVES
  

Called up share capital 
 9 
10,000
10,000

Profit and loss account
  
1,393,761
1,132,739

  
1,403,761
1,142,739


Page 1

 
GRAINTEK UK LTD
REGISTERED NUMBER: SC352327

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 June 2025.




Mr K Addison
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
GRAINTEK UK LTD
 

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

1.


GENERAL INFORMATION

Graintek UK Limited is a private company, limited by shares incorporated in Scotland with registration number SC352327. The registered office is Westby, 64 West High Street, Forfar, Angus DD8 1BJ. The trading address is Fairwinds,18 Silverhillock, Cornhill, Banff, Aberdeenshire AB45 2AY.
The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £.

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

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Sale of goods

Turnover 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 turnover 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.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
GRAINTEK UK LTD
 

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.3

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.

 
2.4

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.


Page 4

 
GRAINTEK UK LTD
 

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

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
-
12.5%
Motor vehicles
-
20.0%
Computer equipment
-
25.0%

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.

 
2.6

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

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.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 18 (2023 - 18).

Page 5

 
GRAINTEK UK LTD
 

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

4.


TANGIBLE FIXED ASSETS





Plant and machinery
Motor vehicles
Computer equipment
Total

£
£
£
£



COST OR VALUATION


At 1 December 2023
448,790
241,648
13,776
704,214


Additions
144,200
900
-
145,100



At 30 November 2024

592,990
242,548
13,776
849,314



DEPRECIATION


At 1 December 2023
174,988
146,610
10,770
332,368


Charge for the year on owned assets
52,471
19,187
753
72,411



At 30 November 2024

227,459
165,797
11,523
404,779



NET BOOK VALUE



At 30 November 2024
365,531
76,751
2,253
444,535



At 30 November 2023
273,802
95,038
3,006
371,846


5.


FIXED ASSET INVESTMENTS





Trade investments

£





At 1 December 2023
200



At 30 November 2024
200






NET BOOK VALUE



At 30 November 2024
200



At 30 November 2023
200

Page 6

 
GRAINTEK UK LTD
 

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

6.


DEBTORS

2024
2023
£
£


Trade debtors
546,070
730,411

Amounts owed by group undertakings
344,030
196,434

Other debtors
337,805
302,653

Prepayments and accrued income
7,120
6,596

1,235,025
1,236,094



7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Trade creditors
504,183
319,302

Other taxation and social security
149,891
131,388

Obligations under finance lease and hire purchase contracts
17,990
43,502

Other creditors
26,829
31,091

Accruals and deferred income
11,848
29,022

710,741
554,305


Hire purchase liabilities are secured over the assets to which they relate.
Bank loans are secured by a full government-backed guarantee against the outstanding balance of the facility.


8.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
13,355
31,345

13,355
31,345


Hire purchase liabilties are secured over the assets to which they relate.
Bank loans are secured by a full government-backed guarantee against the outstanding balance of the facility.

Page 7

 
GRAINTEK UK LTD
 

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

9.


SHARE CAPITAL

2024
2023
£
£
AUTHORISED, ALLOTTED, CALLED UP AND FULLY PAID



10,000 (2023 - 10,000) Ordinary shares of £1.00 each
10,000
10,000



Page 8