Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312024-01-01falseNo description of principal activity2724falsetruefalse 12685978 2024-01-01 2024-12-31 12685978 2023-01-01 2023-12-31 12685978 2024-12-31 12685978 2023-12-31 12685978 c:Director3 2024-01-01 2024-12-31 12685978 d:Buildings 2024-01-01 2024-12-31 12685978 d:Buildings 2024-12-31 12685978 d:Buildings 2023-12-31 12685978 d:Buildings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 12685978 d:PlantMachinery 2024-01-01 2024-12-31 12685978 d:PlantMachinery 2024-12-31 12685978 d:PlantMachinery 2023-12-31 12685978 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 12685978 d:FurnitureFittings 2024-01-01 2024-12-31 12685978 d:FurnitureFittings 2024-12-31 12685978 d:FurnitureFittings 2023-12-31 12685978 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 12685978 d:ComputerEquipment 2024-01-01 2024-12-31 12685978 d:ComputerEquipment 2024-12-31 12685978 d:ComputerEquipment 2023-12-31 12685978 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 12685978 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 12685978 d:Goodwill 2024-01-01 2024-12-31 12685978 d:Goodwill 2024-12-31 12685978 d:Goodwill 2023-12-31 12685978 d:CurrentFinancialInstruments 2024-12-31 12685978 d:CurrentFinancialInstruments 2023-12-31 12685978 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 12685978 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12685978 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 12685978 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 12685978 d:ShareCapital 2024-12-31 12685978 d:ShareCapital 2023-12-31 12685978 d:RetainedEarningsAccumulatedLosses 2024-12-31 12685978 d:RetainedEarningsAccumulatedLosses 2023-12-31 12685978 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2024-01-01 2024-12-31 12685978 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2024-12-31 12685978 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-12-31 12685978 c:OrdinaryShareClass1 2024-01-01 2024-12-31 12685978 c:OrdinaryShareClass1 2024-12-31 12685978 c:OrdinaryShareClass1 2023-12-31 12685978 c:FRS102 2024-01-01 2024-12-31 12685978 c:Audited 2024-01-01 2024-12-31 12685978 c:FullAccounts 2024-01-01 2024-12-31 12685978 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12685978 d:HirePurchaseContracts d:WithinOneYear 2024-12-31 12685978 d:HirePurchaseContracts d:WithinOneYear 2023-12-31 12685978 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-12-31 12685978 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-12-31 12685978 c:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12685978 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 12685978 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 12685978 d:Goodwill d:OwnedIntangibleAssets 2024-01-01 2024-12-31 12685978 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12685978










3T ADDITIVE MANUFACTURING POLYMERS LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024





 
3T ADDITIVE MANUFACTURING POLYMERS LIMITED
REGISTERED NUMBER: 12685978

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
15,824
25,847

Tangible assets
 5 
1,532,296
1,212,812

  
1,548,120
1,238,659

Current assets
  

Stocks
 6 
246,789
133,373

Debtors: amounts falling due within one year
 7 
641,871
902,734

Cash at bank and in hand
 8 
2,161,453
1,732,627

  
3,050,113
2,768,734

Creditors: amounts falling due within one year
 9 
(766,951)
(680,158)

Net current assets
  
 
 
2,283,162
 
 
2,088,576

Total assets less current liabilities
  
3,831,282
3,327,235

Creditors: amounts falling due after more than one year
  
(572,574)
(344,936)

Provisions for liabilities
  

Deferred tax
 11 
(311,741)
(254,283)

Other provisions
 12 
(78,571)
(61,429)

Net assets
  
2,868,396
2,666,587


Capital and reserves
  

Called up share capital 
 13 
935,924
935,924

Profit and loss account
  
1,932,472
1,730,663

  
2,868,396
2,666,587


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: 

J Lofving
Director

Date: 25 July 2025

Page 1

 
3T ADDITIVE MANUFACTURING POLYMERS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

3T Additive Manufacturing Polymers Limited is a private company, limited by shares and incorporated and registered in England and Wales. The registered office and principal place of business is Units 14-15, Fulton Court, Wofford Way, Greenham Business Park, Newbury, Berkshire, RG19 6HD. 

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. 

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.

Rendering of services

Revenue 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 revenue 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 2

 
3T ADDITIVE MANUFACTURING POLYMERS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.3

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Comprehensive Income over its useful economic life.

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.

 The estimated useful lives range as follows:

Goodwill
-
6
years

 
2.4

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.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

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:

Improvements to property
-
10%
Plant & machinery
-
14%
Fixtures & fittings
-
20%
Computer equipment
-
20%

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 3

 
3T ADDITIVE MANUFACTURING POLYMERS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

 
2.7

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.

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

 
2.9

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 4

 
3T ADDITIVE MANUFACTURING POLYMERS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.10

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.

 
2.11

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.

 
2.12

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.

  
2.13

Finance leases: the Company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets obtained under hire purchase contracts and finance leases are depreciated over their estimated 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.

 
2.14

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 5

 
3T ADDITIVE MANUFACTURING POLYMERS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.15

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.

 
2.16

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.



3.


Employees

The average monthly number of employees, including directors, during the year was 27 (2023 - 24).

Page 6

 
3T ADDITIVE MANUFACTURING POLYMERS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 January 2024
60,000



At 31 December 2024

60,000



Amortisation


At 1 January 2024
34,153


Charge for the year
10,023



At 31 December 2024

44,176



Net book value



At 31 December 2024
15,824



At 31 December 2023
25,847



Page 7

 
3T ADDITIVE MANUFACTURING POLYMERS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Tangible fixed assets





Freehold property
Plant & machinery
Fixtures & fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 January 2024
182,736
1,483,312
24,762
87,945
1,778,755


Additions
56,723
567,515
3,507
5,286
633,031



At 31 December 2024

239,459
2,050,827
28,269
93,231
2,411,786



Depreciation


At 1 January 2024
63,500
452,245
9,462
40,736
565,943


Charge for the year
20,621
269,163
5,427
18,336
313,547



At 31 December 2024

84,121
721,408
14,889
59,072
879,490



Net book value



At 31 December 2024
155,338
1,329,419
13,380
34,159
1,532,296



At 31 December 2023
119,236
1,031,067
15,300
47,209
1,212,812

Page 8

 
3T ADDITIVE MANUFACTURING POLYMERS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Stocks

2024
2023
£
£

Raw materials and consumables
229,770
120,713

Work in progress
17,019
12,660

246,789
133,373



7.


Debtors

2024
2023
£
£


Trade debtors
393,045
693,547

Amounts owed by group undertakings
107,444
112,176

Other debtors
32,090
-

Prepayments and accrued income
109,292
97,011

641,871
902,734



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
2,161,453
1,732,627



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
411,950
278,844

Corporation tax
-
83,144

Other taxation and social security
92,058
176,952

Obligations under finance leases
156,532
73,224

Other creditors
83,934
23,879

Accruals and deferred income
22,477
44,115

766,951
680,158


Obligations under finance leases are secured against the assets to which they relate.

Page 9

 
3T ADDITIVE MANUFACTURING POLYMERS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
156,532
73,224

Between 1-5 years
572,574
344,936

729,106
418,160

Obligations under finance leases are secured against the assets to which they relate.


11.


Deferred taxation




2024


£






At beginning of year
(254,283)


Charged to profit or loss
(57,458)



At end of year
(311,741)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(311,741)
(254,283)


12.


Provisions




Dilapidation provision

£





At 1 January 2024
61,429


Charged to profit or loss
17,142



At 31 December 2024
78,571

Page 10

 
3T ADDITIVE MANUFACTURING POLYMERS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

13.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



935,924 (2023 - 935,924) Ordinary shares of £1 each
935,924
935,924



14.


Prior year adjustment

A prior year adjustment has been recognised to correct the presentation of other operating income which had incorrectly been recognised net of expenditure. The prior year adjustment has led to an increase in other operating income of £300,550 and a corresponding increase in administrative expenses of £300,550. The prior year adjustment has no profit impact.
Another prior year adjustment has been recognised to reallocate items previously disclosed as exceptional administrative expenses. The prior year adjustment has led to an increase in cost of sales of £15,984 and a corresponding decrease in administrative expenses of £15,984. The prior year adjustment has no profit impact.


15.


Capital commitments


At 31 December 2024 the Company had capital commitments as follows:

2024
2023
£
£


Contracted for but not provided in these financial statements
-
472,054


16.


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 £77,573 (2023: £67,130). Contributions totalling £10,843 were payable to the fund at the balance sheet date (2023: £10,141).


17.


Controlling party

The company is controlled by Prototal Industries AB, the direct parent company, registered in Sweden. 
The parent of both the smallest and largest group for which group accounts including 3T Additive Manufacturing Polymers Limited are drawn up is Prototal Industries AB. Copies of these accounts are not available to the public.


18.


Auditors' information

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

The audit report was signed on 29 July 2025 by Michael Bath BSc FCA DChA (Senior Statutory Auditor) on behalf of James Cowper Kreston Audit.


Page 11