Caseware UK (AP4) 2025.0.111 2025.0.111 2025-12-31 2025-12-31 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.69 2025-01-01 false No description of principal activity 65 true true false 01172026 2025-01-01 2025-12-31 01172026 2024-01-01 2024-12-31 01172026 2025-12-31 01172026 2024-12-31 01172026 c:Director3 2025-01-01 2025-12-31 01172026 d:Buildings d:ShortLeaseholdAssets 2025-01-01 2025-12-31 01172026 d:Buildings d:ShortLeaseholdAssets 2025-12-31 01172026 d:Buildings d:ShortLeaseholdAssets 2024-12-31 01172026 d:PlantMachinery 2025-01-01 2025-12-31 01172026 d:PlantMachinery 2025-12-31 01172026 d:PlantMachinery 2024-12-31 01172026 d:PlantMachinery d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 01172026 d:MotorVehicles 2025-01-01 2025-12-31 01172026 d:MotorVehicles 2025-12-31 01172026 d:MotorVehicles 2024-12-31 01172026 d:MotorVehicles d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 01172026 d:OfficeEquipment 2025-01-01 2025-12-31 01172026 d:ComputerEquipment 2025-01-01 2025-12-31 01172026 d:ComputerEquipment 2025-12-31 01172026 d:ComputerEquipment 2024-12-31 01172026 d:ComputerEquipment d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 01172026 d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 01172026 d:ComputerSoftware 2025-12-31 01172026 d:ComputerSoftware 2024-12-31 01172026 d:OtherResidualIntangibleAssets 2025-01-01 2025-12-31 01172026 d:CurrentFinancialInstruments 2025-12-31 01172026 d:CurrentFinancialInstruments 2024-12-31 01172026 d:Non-currentFinancialInstruments 2025-12-31 01172026 d:Non-currentFinancialInstruments 2024-12-31 01172026 d:CurrentFinancialInstruments d:WithinOneYear 2025-12-31 01172026 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 01172026 d:Non-currentFinancialInstruments d:AfterOneYear 2025-12-31 01172026 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 01172026 d:ShareCapital 2025-12-31 01172026 d:ShareCapital 2024-12-31 01172026 d:SharePremium 2025-12-31 01172026 d:SharePremium 2024-12-31 01172026 d:RetainedEarningsAccumulatedLosses 2025-12-31 01172026 d:RetainedEarningsAccumulatedLosses 2024-12-31 01172026 d:AcceleratedTaxDepreciationDeferredTax 2025-12-31 01172026 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 01172026 d:TaxLossesCarry-forwardsDeferredTax 2025-12-31 01172026 d:TaxLossesCarry-forwardsDeferredTax 2024-12-31 01172026 d:OtherDeferredTax 2025-12-31 01172026 d:OtherDeferredTax 2024-12-31 01172026 c:OrdinaryShareClass1 2025-01-01 2025-12-31 01172026 c:OrdinaryShareClass1 2025-12-31 01172026 c:OrdinaryShareClass1 2024-12-31 01172026 c:FRS102 2025-01-01 2025-12-31 01172026 c:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 01172026 c:FullAccounts 2025-01-01 2025-12-31 01172026 c:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 01172026 d:HirePurchaseContracts d:WithinOneYear 2025-12-31 01172026 d:HirePurchaseContracts d:WithinOneYear 2024-12-31 01172026 d:HirePurchaseContracts d:BetweenOneFiveYears 2025-12-31 01172026 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-12-31 01172026 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2025-12-31 01172026 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-12-31 01172026 d:LeasedAssetsHeldAsLessee 2025-12-31 01172026 d:LeasedAssetsHeldAsLessee 2024-12-31 01172026 d:ComputerSoftware d:OwnedIntangibleAssets 2025-01-01 2025-12-31 01172026 e:PoundSterling 2025-01-01 2025-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 01172026 PRECISION ALUMINIUM CASTING & ENGINEERING LTD UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2025
PRECISION ALUMINIUM CASTING & ENGINEERING LTD REGISTERED NUMBER: 01172026 BALANCE SHEET AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets | 4 |  | 7,291 |  | 9,387
Tangible assets | 5 |  | 1,307,156 |  | 1,397,057
|  |  | 1,314,447 |  | 1,406,444
Current assets |  |  |  |  |
Stocks | 6 | 364,365 |  | 524,904 |
Debtors: amounts falling due after more than one year | 7 | 279,155 |  | 183,475 |
Debtors: amounts falling due within one year | 7 | 866,693 |  | 869,468 |
Cash at bank and in hand | 8 | 71,019 |  | 2,578 |
|  | 1,581,232 |  | 1,580,425 |
Current liabilities |  |  |  |  |
Creditors: amounts falling due within one year | 9 | (1,510,777) |  | (1,572,068) |
Net current assets |  |  | 70,455 |  | 8,357
Total assets less current liabilities |  |  | 1,384,902 |  | 1,414,801
Creditors: amounts falling due after more than one year | 10 |  | (247,045) |  | (701,433)
Provisions for liabilities |  |  |  |  |
Deferred tax | 12 | (268,462) |  | (237,069) |
|  |  | (268,462) |  | (237,069)
Net assets |  |  | 869,395 |  | 476,299
Capital and reserves |  |  |  |  |
Called up share capital | 13 |  | 5,556 |  | 5,556
Share premium account |  |  | 82,743 |  | 82,743
Profit and loss account |  |  | 781,096 |  | 388,000
|  |  | 869,395 |  | 476,299
Page 1
PRECISION ALUMINIUM CASTING & ENGINEERING LTD REGISTERED NUMBER: 01172026 BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 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:
K Davis
Director
Date: 7 July 2026
The notes on pages 3 to 11 form part of these financial statements. Page 2
PRECISION ALUMINIUM CASTING & ENGINEERING LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
Precision Aluminium Casting & Engineering Ltd is a private company limited by shares, registered in England and Wales. The Company's registered office address is Bond Street, Southampton, England, SO14 5QA. 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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and 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 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. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.
| 2.3 | Revenue
Turnover comprises the invoiced value of goods and services supplied by the Company, net of Value Added Tax and trade discounts.
| 2.4 | 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. Page 3
PRECISION ALUMINIUM CASTING & ENGINEERING LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.5 | 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 rom the Company in independently administered funds.
| 2.6 | 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.
| 2.7 | Intangible assets
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. Amortisation is provided on the following bases:
|  |  |  | Computer software | - | 25% | reducing balance
Page 4
PRECISION ALUMINIUM CASTING & ENGINEERING LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.8 | 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. Depreciation is provided on the following basis:
|  |  |  | Land and buildings | - | Over the remaining lease term
|  |  |  | Plant and machinery | - | 10% reducing balance
|  |  |  | Motor vehicles | - | 25% reducing balance
|  |  |  | Office equipment | - | 25% reducing balance
| 2.9 | 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.
| 2.10 | 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.
| 2.11 | 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.
| 2.12 | 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
PRECISION ALUMINIUM CASTING & ENGINEERING LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.13 | 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. Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation. Increases in provisions are generally charged as an expense to profit or loss.
| 2.14 | Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and laibilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
| 2.15 | Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.
3. | Employees
| The average monthly number of employees, including directors, during the year was 65 (2024 - 69).
Page 6
PRECISION ALUMINIUM CASTING & ENGINEERING LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
4. | Intangible assets
|  | Computer software
|  | £
| Cost |
| At 1 January 2025 | 12,516
| At 31 December 2025 | 12,516
| Amortisation |
| At 1 January 2025 | 3,129
| Charge for the year on owned assets | 2,096
| At 31 December 2025 | 5,225
| Net book value |
| At 31 December 2025 | 7,291
| At 31 December 2024 | 9,387
Page 7
PRECISION ALUMINIUM CASTING & ENGINEERING LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
5. | Tangible fixed assets
|  | Land and buildings | Plant and machinery | Motor vehicles | Office equipment | Total
|  | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |
| At 1 January 2025 | 505,544 | 3,101,450 | 28,647 | 183,258 | 3,818,899
| Additions | - | 97,721 | - | 7,890 | 105,611
| Disposals | - | (735,739) | - | - | (735,739)
| At 31 December 2025 | 505,544 | 2,463,432 | 28,647 | 191,148 | 3,188,771
| Depreciation |  |  |  |  |
| At 1 January 2025 | 92,017 | 2,170,728 | 12,705 | 146,392 | 2,421,842
| Charge for the year on owned assets | 8,541 | 164,976 | 3,448 | 8,561 | 185,526
| Disposals | - | (725,753) | - | - | (725,753)
| At 31 December 2025 | 100,558 | 1,609,951 | 16,153 | 154,953 | 1,881,615
| Net book value |  |  |  |  |
| At 31 December 2025 | 404,986 | 853,481 | 12,494 | 36,195 | 1,307,156
| At 31 December 2024 | 413,527 | 930,722 | 15,942 | 36,866 | 1,397,057
| The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Plant and machinery | 231,963 | 218,875
|  | 231,963 | 218,875
6. | Stocks
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Closing stocks | 364,365 | 524,904
Page 8
PRECISION ALUMINIUM CASTING & ENGINEERING LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
7. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Due after more than one year |  |
| Amounts owed by group undertakings | 279,155 | 183,475
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Due within one year |  |
| Trade debtors | 791,892 | 796,378
| Other debtors | 1,532 | 1,750
| Prepayments and accrued income | 73,269 | 71,340
|  | 866,693 | 869,468
8. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 71,019 | 2,578
9. | Creditors: amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 8,302 | 16,600
| Working capital facility | 665,873 | 685,541
| Trade creditors | 415,630 | 272,433
| Amounts owed to group undertakings | - | 206,141
| Other taxation and social security | 178,752 | 129,179
| Obligations under finance lease and hire purchase contracts | 50,716 | 49,034
| Other creditors | 58,037 | 32,790
| Accruals and deferred income | 133,467 | 180,350
|  | 1,510,777 | 1,572,068
| Included in the creditors above are unpaid pensions of £5,067 (2024 - £4,115).
Page 9
PRECISION ALUMINIUM CASTING & ENGINEERING LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
10. | Creditors: amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | - | 8,125
| Net obligations under finance leases and hire purchase contracts | 114,925 | 115,359
| Amounts owed to group undertakings | 132,120 | 577,949
|  | 247,045 | 701,433
11. | Hire purchase and finance leases
| Minimum lease payments under hire purchase fall due as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Within one year | 50,716 | 49,034
| Between 1-5 years | 114,925 | 115,359
|  | 165,641 | 164,393
| The leases above are secured by way of a charge over the specific assets they relate to.
12. | Deferred taxation
|  | 2025
|  | £
| At beginning of period | (237,069)
| Charged to profit or loss | (31,393)
| At end of year | (268,462)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | (268,931) | (288,480)
| Tax losses carried forward | - | 51,243
| Short term timing differences | 469 | 168
|  | (268,462) | (237,069)
Page 10
PRECISION ALUMINIUM CASTING & ENGINEERING LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
13. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 11,111 (2024 - 11,111) Ordinary shares of £0.50 each | 5,556 | 5,556
14. | Related party transactions
| The Directors have taken advange of the provisions of FRS 102 section 33.1A by not disclosing intercompany transactions and balances with other wholly owned group companies.
15. | Controlling party and individual
The ultimate parent company is Enhanced Engineering Group Ltd. In the opinion of the Directors, Enhanced Engineering Group Ltd is not controlled by any one person.
Page 11