Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-31No description of principal activity52024-04-01false8truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07595107 2024-04-01 2025-03-31 07595107 2023-04-01 2024-03-31 07595107 2025-03-31 07595107 2024-03-31 07595107 c:Director2 2024-04-01 2025-03-31 07595107 d:PlantMachinery 2024-04-01 2025-03-31 07595107 d:PlantMachinery 2025-03-31 07595107 d:PlantMachinery 2024-03-31 07595107 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 07595107 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 07595107 d:MotorVehicles 2024-04-01 2025-03-31 07595107 d:MotorVehicles 2025-03-31 07595107 d:MotorVehicles 2024-03-31 07595107 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 07595107 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 07595107 d:FurnitureFittings 2024-04-01 2025-03-31 07595107 d:FurnitureFittings 2025-03-31 07595107 d:FurnitureFittings 2024-03-31 07595107 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 07595107 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 07595107 d:OfficeEquipment 2024-04-01 2025-03-31 07595107 d:OfficeEquipment 2025-03-31 07595107 d:OfficeEquipment 2024-03-31 07595107 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 07595107 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 07595107 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 07595107 d:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 07595107 d:CurrentFinancialInstruments 2025-03-31 07595107 d:CurrentFinancialInstruments 2024-03-31 07595107 d:Non-currentFinancialInstruments 2025-03-31 07595107 d:Non-currentFinancialInstruments 2024-03-31 07595107 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 07595107 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 07595107 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 07595107 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 07595107 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2025-03-31 07595107 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 07595107 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2025-03-31 07595107 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 07595107 d:ShareCapital 2025-03-31 07595107 d:ShareCapital 2024-03-31 07595107 d:RetainedEarningsAccumulatedLosses 2025-03-31 07595107 d:RetainedEarningsAccumulatedLosses 2024-03-31 07595107 d:AcceleratedTaxDepreciationDeferredTax 2025-03-31 07595107 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 07595107 c:OrdinaryShareClass1 2024-04-01 2025-03-31 07595107 c:OrdinaryShareClass1 2025-03-31 07595107 c:OrdinaryShareClass1 2024-03-31 07595107 c:FRS102 2024-04-01 2025-03-31 07595107 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 07595107 c:FullAccounts 2024-04-01 2025-03-31 07595107 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07595107 d:HirePurchaseContracts d:WithinOneYear 2025-03-31 07595107 d:HirePurchaseContracts d:WithinOneYear 2024-03-31 07595107 d:HirePurchaseContracts d:BetweenOneFiveYears 2025-03-31 07595107 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-03-31 07595107 2 2024-04-01 2025-03-31 07595107 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 07595107










ABLE STEELWORK & METALWORK LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

 
ABLE STEELWORK & METALWORK LTD
REGISTERED NUMBER: 07595107

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
205,616
229,465

  
205,616
229,465

Current assets
  

Stocks
  
497,000
634,000

Debtors: amounts falling due within one year
 5 
1,080,538
692,258

Cash at bank and in hand
 6 
72,165
118,281

  
1,649,703
1,444,539

Creditors: amounts falling due within one year
 7 
(1,211,989)
(965,989)

Net current assets
  
 
 
437,714
 
 
478,550

Total assets less current liabilities
  
643,330
708,015

Creditors: amounts falling due after more than one year
 8 
(198,797)
(275,498)

Provisions for liabilities
  

Deferred tax
 11 
(50,840)
(56,766)

  
 
 
(50,840)
 
 
(56,766)

Net assets
  
393,693
375,751


Capital and reserves
  

Called up share capital 
 12 
100
100

Profit and loss account
  
393,593
375,651

  
393,693
375,751


Page 1

 
ABLE STEELWORK & METALWORK LTD
REGISTERED NUMBER: 07595107

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025

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 comprehensive income 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: 




Mr I Theodore
Director

Date: 10 July 2025

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

Page 2

 
ABLE STEELWORK & METALWORK LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Able Steelwork & Metalwork Ltd is a private company, limited by shares and is registered and incorporated in England and Wales. The registered office is 2 Communications Road, Greenham Business Park, Newbury, Berkshire, RG19 6AB.

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

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.

 
2.3

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.

 
2.4

Interest income

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

 
2.5

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.

 
2.6

Borrowing costs

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

Page 3

 
ABLE STEELWORK & METALWORK LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
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.

 
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.

Page 4

 
ABLE STEELWORK & METALWORK LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

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 and 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
-
15%
Reducing balance
Office equipment
-
33%
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.

 
2.10

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 balance sheet 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.

 
2.11

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.

Page 5

 
ABLE STEELWORK & METALWORK LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
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 8 (2024 - 5).


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2024
126,511
410,439
7,983
36,442
581,375


Additions
-
33,566
-
3,059
36,625



At 31 March 2025

126,511
444,005
7,983
39,501
618,000



Depreciation


At 1 April 2024
60,527
250,415
6,559
34,409
351,910


Charge for the year on owned assets
9,898
-
214
1,964
12,076


Charge for the year on financed assets
-
48,398
-
-
48,398



At 31 March 2025

70,425
298,813
6,773
36,373
412,384



Net book value



At 31 March 2025
56,086
145,192
1,210
3,128
205,616



At 31 March 2024
65,984
160,024
1,424
2,033
229,465

Page 6

 
ABLE STEELWORK & METALWORK LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.


Debtors

2025
2024
£
£


Trade debtors
893,147
477,375

Other debtors
186,592
214,084

Prepayments and accrued income
799
799

1,080,538
692,258



6.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
72,165
118,281

Less: bank overdrafts
(3,417)
-

68,748
118,281



7.


Creditors: amounts falling due within one year

2025
2024
£
£

Bank overdrafts
3,417
-

Bank loans
117,755
117,755

Trade creditors
813,275
616,453

Corporation tax
28,204
24,550

Other taxation and social security
12,654
10,216

Obligations under finance lease and hire purchase contracts
36,414
55,952

Other creditors
168,795
133,413

Accruals and deferred income
31,475
7,650

1,211,989
965,989


Hire purchase liabilities falling due within one year of £36,414 (2024: £55,952) are secured against the assets to which they relate.

Page 7

 
ABLE STEELWORK & METALWORK LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

8.


Creditors: amounts falling due after more than one year

2025
2024
£
£

Bank loans
164,380
252,189

Net obligations under finance leases and hire purchase contracts
34,417
23,309

198,797
275,498


Hire purchase liabilities falling due more then one year of £34,417 (2024: £23,309) are secured against the assets to which they relate.


9.


Loans


Analysis of the maturity of loans is given below:


2025
2024
£
£

Amounts falling due within one year

Bank loans
117,755
117,755

Amounts falling due 1-2 years

Bank loans
117,755
117,755

Amounts falling due 2-5 years

Bank loans
46,625
134,434


282,135
369,944



10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2025
2024
£
£


Within one year
36,414
55,198

Between 1-5 years
34,417
23,309

70,831
78,507

Page 8

 
ABLE STEELWORK & METALWORK LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

11.


Deferred taxation




2025


£






At beginning of year
(56,766)


Charged to profit or loss
5,926



At end of year
(50,840)

The provision for deferred taxation is made up as follows:

2025
2024
£
£


Accelerated capital allowances
(50,840)
(56,766)

(50,840)
(56,766)


12.


Share capital

2025
2024
£
£
Authorised, allotted, called up and fully paid



100 (2024 - 100) Ordinary shares of £1.00 each
100
100



13.


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 £55,171 (2024 - £117,500). Contributions totalling £477 (2024 - £303) were payable to the fund at the balance sheet date and are included in creditors.


Page 9