Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-3111The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2024-01-01falseIndustrial saw specialists11falsetruefalse 04132915 2024-01-01 2024-12-31 04132915 2023-01-01 2023-12-31 04132915 2024-12-31 04132915 2023-12-31 04132915 2023-01-01 04132915 c:Director1 2024-01-01 2024-12-31 04132915 d:PlantMachinery 2024-01-01 2024-12-31 04132915 d:PlantMachinery 2024-12-31 04132915 d:PlantMachinery 2023-12-31 04132915 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 04132915 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 04132915 d:MotorVehicles 2024-01-01 2024-12-31 04132915 d:MotorVehicles 2024-12-31 04132915 d:MotorVehicles 2023-12-31 04132915 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 04132915 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 04132915 d:FurnitureFittings 2024-01-01 2024-12-31 04132915 d:FurnitureFittings 2024-12-31 04132915 d:FurnitureFittings 2023-12-31 04132915 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 04132915 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 04132915 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 04132915 d:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 04132915 d:CurrentFinancialInstruments 2024-12-31 04132915 d:CurrentFinancialInstruments 2023-12-31 04132915 d:Non-currentFinancialInstruments 2024-12-31 04132915 d:Non-currentFinancialInstruments 2023-12-31 04132915 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 04132915 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04132915 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 04132915 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 04132915 d:ShareCapital 2024-12-31 04132915 d:ShareCapital 2023-12-31 04132915 d:RetainedEarningsAccumulatedLosses 2024-12-31 04132915 d:RetainedEarningsAccumulatedLosses 2023-12-31 04132915 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 04132915 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 04132915 d:RetirementBenefitObligationsDeferredTax 2024-12-31 04132915 d:RetirementBenefitObligationsDeferredTax 2023-12-31 04132915 c:FRS102 2024-01-01 2024-12-31 04132915 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 04132915 c:FullAccounts 2024-01-01 2024-12-31 04132915 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04132915 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-12-31 04132915 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-12-31 04132915 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-12-31 04132915 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-12-31 04132915 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2024-12-31 04132915 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-12-31 04132915 d:LeasedAssetsHeldAsLessee 2024-12-31 04132915 d:LeasedAssetsHeldAsLessee 2023-12-31 04132915 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 04132915










ADS PRECISION LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

 
ADS PRECISION LIMITED
REGISTERED NUMBER: 04132915

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
266,030
279,309

Current assets
  

Stocks
  
670,693
638,460

Debtors: amounts falling due within one year
 5 
815,269
726,414

Cash at bank and in hand
  
239,774
160,116

Creditors: amounts falling due within one year
 6 
(952,564)
(785,243)

Net current assets
  
 
 
773,172
 
 
739,747

Total assets less current liabilities
  
1,039,202
1,019,056

Creditors: amounts falling due after more than one year
 7 
(117,121)
(178,786)

Provisions for liabilities
  

Deferred tax
 8 
(63,809)
(37,442)

Net assets
  
858,272
802,828


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
858,172
802,728

  
858,272
802,828


Page 1

 
ADS PRECISION LIMITED
REGISTERED NUMBER: 04132915
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 26 August 2025.




N F Senior
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
ADS PRECISION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

ADS Precision Limited is a private Company limited by shares, incorporated in England and Wales (registered number: 04132915). Its registered office is Unit 1 Aspen Court Centurion Business Park, Bessemer Way, Rotherham, S60 1FB. The principal activity of the Company throughout the year continued to be that of metal machinery supplier.

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is pounds sterling.

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

Page 3

 
ADS PRECISION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.3

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.

 
2.4

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

The depreciation rates used are:

Plant and machinery
-
20%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance

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 the Statement of Income and Retained Earnings. 

 
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 the Statement of Income and Retained Earnings. 

Page 4

 
ADS PRECISION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.6

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 the Statement of Income and Retained Earnings 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.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.8

Government grants

Grants relating to expenditure on tangible fixed assets are credited to the Statement of Income and Retained Earnings 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.

Page 5

 
ADS PRECISION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.9

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of Income and Retained Earnings on a straight-line basis over the lease term.

 
2.10

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earning
The current 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.



3.


Employees

The average monthly number of employees, including directors, during the year was 11 (2023 - 11).

Page 6

 
ADS PRECISION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 January 2024
314,358
168,302
74,799
557,459


Additions
5,818
86,697
7,177
99,692


Disposals
(40,650)
(36,892)
-
(77,542)



At 31 December 2024

279,526
218,107
81,976
579,609



Depreciation


At 1 January 2024
149,352
67,335
61,463
278,150


Charge for the year on owned assets
30,144
2,024
4,571
36,739


Charge for the year on financed assets
5,235
30,732
-
35,967


Disposals
(9,817)
(27,460)
-
(37,277)



At 31 December 2024

174,914
72,631
66,034
313,579



Net book value



At 31 December 2024
104,612
145,476
15,942
266,030



At 31 December 2023
165,006
100,967
13,336
279,309

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


2024
2023
£
£



Plant and machinery
-
51,626

Motor vehicles
142,494
36,803

Fixtures and fittings
-
4,959

142,494
93,388

Page 7

 
ADS PRECISION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
347,821
225,953

Other debtors
160,920
234,221

Prepayments and accrued income
306,528
266,240

815,269
726,414



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
33,333
33,330

Trade creditors
469,429
348,967

Corporation tax
3,334
-

Other taxation and social security
75,068
61,337

Obligations under hire purchase contracts
60,392
32,864

Other creditors
30,080
(126)

Accruals and deferred income
280,928
308,871

952,564
785,243


Page 8

 
ADS PRECISION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
8,333
44,448

Obligations under hire purchase contracts
108,788
98,777

Accruals and deferred income
-
35,561

117,121
178,786


The following liabilities were secured:

2024
2023
£
£



Bank loans
41,666
77,778

Hire purchase contracts
169,180
131,641

210,846
209,419

Details of security provided:

Included within creditors are secured liabilities in respect of bank borrowings and obligations under hire purchase contracts as detailed above in creditors due in both less than and more than one year. The bank borrowings are secured against all assets of the Company and the hire purchase contracts are secured against the assets to which they relate.

Page 9

 
ADS PRECISION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


Deferred taxation




2024
2023


£

£






At beginning of year
37,442
26,560


Charged to profit or loss
26,367
10,882



At end of year
63,809
37,442

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
63,986
37,442

Pension surplus
(177)
-

63,809
37,442


9.


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 £8,419 (2023: £nil). Contributions totalling £707 (2023: £719) were payable to the fund at the Balance Sheet date and are included in creditors.

 
Page 10