Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31false2024-01-01falseManufacturer of pressure transducers, pressure transmitters, strain gauges and wireless systems.5753truetrue 02523392 2024-01-01 2024-12-31 02523392 2023-01-01 2023-12-31 02523392 2024-12-31 02523392 2023-12-31 02523392 c:Director1 2024-01-01 2024-12-31 02523392 d:Buildings 2024-01-01 2024-12-31 02523392 d:Buildings 2024-12-31 02523392 d:Buildings 2023-12-31 02523392 d:Buildings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 02523392 d:PlantMachinery 2024-01-01 2024-12-31 02523392 d:PlantMachinery 2024-12-31 02523392 d:PlantMachinery 2023-12-31 02523392 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 02523392 d:MotorVehicles 2024-01-01 2024-12-31 02523392 d:MotorVehicles 2024-12-31 02523392 d:MotorVehicles 2023-12-31 02523392 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 02523392 d:FurnitureFittings 2024-01-01 2024-12-31 02523392 d:FurnitureFittings 2024-12-31 02523392 d:FurnitureFittings 2023-12-31 02523392 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 02523392 d:OfficeEquipment 2024-01-01 2024-12-31 02523392 d:OfficeEquipment 2024-12-31 02523392 d:OfficeEquipment 2023-12-31 02523392 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 02523392 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 02523392 d:FreeholdInvestmentProperty 2024-12-31 02523392 d:FreeholdInvestmentProperty 2023-12-31 02523392 d:CurrentFinancialInstruments 2024-12-31 02523392 d:CurrentFinancialInstruments 2023-12-31 02523392 d:Non-currentFinancialInstruments 2024-12-31 02523392 d:Non-currentFinancialInstruments 2023-12-31 02523392 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 02523392 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 02523392 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 02523392 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 02523392 d:ShareCapital 2024-12-31 02523392 d:ShareCapital 2023-12-31 02523392 d:InvestmentPropertiesRevaluationReserve 2024-12-31 02523392 d:InvestmentPropertiesRevaluationReserve 2023-12-31 02523392 d:RetainedEarningsAccumulatedLosses 2024-12-31 02523392 d:RetainedEarningsAccumulatedLosses 2023-12-31 02523392 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 02523392 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 02523392 d:TaxLossesCarry-forwardsDeferredTax 2024-12-31 02523392 d:TaxLossesCarry-forwardsDeferredTax 2023-12-31 02523392 d:RetirementBenefitObligationsDeferredTax 2024-12-31 02523392 d:RetirementBenefitObligationsDeferredTax 2023-12-31 02523392 c:OrdinaryShareClass1 2024-01-01 2024-12-31 02523392 c:OrdinaryShareClass1 2024-12-31 02523392 c:OrdinaryShareClass1 2023-12-31 02523392 c:FRS102 2024-01-01 2024-12-31 02523392 c:Audited 2024-01-01 2024-12-31 02523392 c:FullAccounts 2024-01-01 2024-12-31 02523392 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 02523392 c:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 02523392 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 02523392









ESI TECHNOLOGY LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
ESI TECHNOLOGY LIMITED
REGISTERED NUMBER: 02523392

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
475,704
517,962

Investment property
 5 
550,000
550,000

  
1,025,704
1,067,962

Current assets
  

Stocks
 6 
1,336,364
1,854,468

Deferred tax
 7 
3,483
178,646

Debtors: amounts falling due within one year
 7 
1,567,459
970,623

Cash at bank and in hand
  
870,535
231,282

  
3,777,841
3,235,019

Creditors: amounts falling due within one year
 8 
(768,658)
(1,175,500)

Net current assets
  
 
 
3,009,183
 
 
2,059,519

Total assets less current liabilities
  
4,034,887
3,127,481

Creditors: amounts falling due after more than one year
 9 
(298,613)
(361,727)

Provisions for liabilities
  

Deferred tax
 10 
(85,932)
(91,382)

  
 
 
(85,932)
 
 
(91,382)

Net assets
  
3,650,342
2,674,372

Page 1

 
ESI TECHNOLOGY LIMITED
REGISTERED NUMBER: 02523392
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Capital and reserves
  

Called up share capital 
 11 
221,313
221,313

Investment property reserve
  
41,315
41,315

Profit and loss account
  
3,387,714
2,411,744

  
3,650,342
2,674,372


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 profit and loss account 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: 




................................................
J Kühner
Director

Date: 2 June 2025

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
ESI TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

ESI Technology Limited is a private company, limited by shares, incorporated in England & Wales,
registration number 02523392. The registered office is at Sensor House, Wrexham Technology Park,
Wrexham LL13 7YP. 
The principal activity of the company is the manufacturing and distribution of pressure transducers, pressure transmitters, strain gauges and wireless systems.

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 Company's forecasts and projections, taking account of reasonable possible changes in trading performance, show that the Company is expected to operate within the levels of its current facilities.
After making enquiries, the Directors have a reasonable expectation that the Company has adequate resources to continue in operation existence for the foreseeable future.
The Company therefore continues to adopt the going concern basis in preparing its financial statements.

 
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.

Page 3

 
ESI TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
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

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.6

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.
Grants of a revenue nature are recognised in the Profit and loss account in the same period as the related expenditure.

Page 4

 
ESI TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

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.


Page 5

 
ESI TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
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.

Land is not depreciated. Depreciation on other assets 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:

Freehold property
-
5%
on cost
Plant and machinery
-
10%
on net book value
Motor vehicles
-
25%
on net book value
Fixtures and fittings
-
10%
on net book value
Office equipment
-
25%
on cost

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

Investment property

Investment property is carried at fair value determined annually by the Directors on an open market basis, using appropriate valuation techniques and assumptions consistent with market conditions, with the aid of external valuers. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.11

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.

 
2.12

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.

Page 6

 
ESI TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.13

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.

 
2.14

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 57 (2023 - 53).


4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£
£



Cost or valuation


At 1 January 2024
664,764
589,736
13,725
114,882
438,194
1,821,301


Additions
-
2,020
-
7,758
17,032
26,810



At 31 December 2024

664,764
591,756
13,725
122,640
455,226
1,848,111



Depreciation


At 1 January 2024
462,032
355,269
13,290
80,863
391,885
1,303,339


Charge for the year on owned assets
19,595
23,649
109
3,947
21,768
69,068



At 31 December 2024

481,627
378,918
13,399
84,810
413,653
1,372,407



Net book value



At 31 December 2024
183,137
212,838
326
37,830
41,573
475,704



At 31 December 2023
202,732
234,467
435
34,019
46,309
517,962

Page 7

 
ESI TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 January 2024
550,000



At 31 December 2024
550,000

The 2024 valuations were made by the company's directors, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
494,913
494,913

494,913
494,913


6.


Stocks

2024
2023
£
£

Raw materials and consumables
1,336,364
1,854,468

1,336,364
1,854,468


Page 8

 
ESI TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Debtors

2024
2023
£
£

Due after more than one year

Deferred tax asset
3,483
178,646

3,483
178,646


2024
2023
£
£

Due within one year

Trade debtors
1,095,698
719,378

Amounts owed by group undertakings
431,981
201,435

Other debtors
15,957
30,292

Prepayments and accrued income
23,823
19,518

1,567,459
970,623



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
411,441
891,652

Amounts owed to group undertakings
124,016
110,568

Other taxation and social security
61,013
56,025

Other creditors
42,941
4,887

Accruals and deferred income
129,247
112,368

768,658
1,175,500



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Amounts owed to group undertakings
298,613
360,037

Accruals and deferred income
-
1,690

298,613
361,727


Page 9

 
ESI TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

10.


Deferred taxation




2024


£






At beginning of year
87,264


Charged to profit or loss
(169,713)



At end of year
(82,449)

The deferred tax balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(72,160)
(77,610)

Tax losses carried forward
3,483
178,646

On revalued properties
(13,772)
(13,772)

(82,449)
87,264

Comprising:

Asset
3,483
178,646

Liability
(85,932)
(91,382)

(82,449)
87,264


Page 10

 
ESI TECHNOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



221,313 (2023 - 221,313) Ordinary shares shares of £1 each
221,313
221,313



12.


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 £40,314 (2023 - £34,853). Contributions totalling £9,539 (2023 - £NIL) were payable to the fund at the balance sheet date.


13.


Controlling party

The company's ultimate controlling party is SUCO Beteiligungs GmbH.


14.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was qualified.

The qualification in the audit report was as follows:
We were not appointed as auditor of the company until after 31 December 2022 and thus did not observe thecounting of physical inventories at the end of that year. We were unable to satisfy ourselves by alternative meansconcerning the inventory quantities held at 31 December 2022 of £1,123,854. Consequently, we were unable todetermine whether any adjustment to this amount at 31 December 2023 was necessary, or whether there wasany consequential effect on the cost of sales and therefore also closing reserves for the year ended 31 December 2023. Our audit opinion on the financial statements for the year ended 31 December 2023 wasmodified accordingly.
Our opinion on the current period's financial statements is also modified because of the possible effect of thismatter on the comparative cost of sales. Our qualification does not impact the closing balance sheet as at 31December 2024 or the profit and loss account for the year there ended

The audit report was signed on 10 June 2025 by Alex Riley FCCA (Senior statutory auditor) on behalf of WR Partners.

 
Page 11