Caseware UK (AP4) 2025.0.111 2025.0.111 2025-12-31 2025-12-31 false 2025-01-01 false The Company's principal activity during the year continued to be that of the design and manufacture of tungsten carbide tools, used for cutting threads.25 29 true true 01924756 2025-01-01 2025-12-31 01924756 2024-01-01 2024-12-31 01924756 2025-12-31 01924756 2024-12-31 01924756 c:Director1 2025-01-01 2025-12-31 01924756 d:Buildings d:LongLeaseholdAssets 2025-01-01 2025-12-31 01924756 d:Buildings d:LongLeaseholdAssets 2025-12-31 01924756 d:Buildings d:LongLeaseholdAssets 2024-12-31 01924756 d:PlantMachinery 2025-01-01 2025-12-31 01924756 d:PlantMachinery 2025-12-31 01924756 d:PlantMachinery 2024-12-31 01924756 d:PlantMachinery d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 01924756 d:FurnitureFittings 2025-01-01 2025-12-31 01924756 d:FurnitureFittings 2025-12-31 01924756 d:FurnitureFittings 2024-12-31 01924756 d:FurnitureFittings d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 01924756 d:ComputerEquipment 2025-01-01 2025-12-31 01924756 d:ComputerEquipment 2025-12-31 01924756 d:ComputerEquipment 2024-12-31 01924756 d:ComputerEquipment d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 01924756 d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 01924756 d:CurrentFinancialInstruments 2025-12-31 01924756 d:CurrentFinancialInstruments 2024-12-31 01924756 d:CurrentFinancialInstruments d:WithinOneYear 2025-12-31 01924756 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 01924756 d:ShareCapital 2025-12-31 01924756 d:ShareCapital 2024-12-31 01924756 d:SharePremium 2025-12-31 01924756 d:SharePremium 2024-12-31 01924756 d:CapitalRedemptionReserve 2025-12-31 01924756 d:CapitalRedemptionReserve 2024-12-31 01924756 d:RetainedEarningsAccumulatedLosses 2025-12-31 01924756 d:RetainedEarningsAccumulatedLosses 2024-12-31 01924756 c:OrdinaryShareClass1 2025-01-01 2025-12-31 01924756 c:OrdinaryShareClass1 2025-12-31 01924756 c:OrdinaryShareClass1 2024-12-31 01924756 c:FRS102 2025-01-01 2025-12-31 01924756 c:Audited 2025-01-01 2025-12-31 01924756 c:FullAccounts 2025-01-01 2025-12-31 01924756 c:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 01924756 c:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 01924756 2 2025-01-01 2025-12-31 01924756 e:PoundSterling 2025-01-01 2025-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 01924756 POSI-THREAD (U.K.) LTD FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2025
POSI-THREAD (U.K.) LTD REGISTERED NUMBER: 01924756 BALANCE SHEET AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 5 |  | 1,395,297 |  | 973,756
|  |  | 1,395,297 |  | 973,756
Current assets |  |  |  |  |
Stocks | 6 | 860,447 |  | 905,519 |
Debtors: amounts falling due within one year | 7 | 908,795 |  | 1,538,958 |
Cash at bank and in hand | 8 | 25,010 |  | 180,077 |
|  | 1,794,252 |  | 2,624,554 |
Creditors: amounts falling due within one year | 9 | (4,570,564) |  | (4,527,718) |
Net current liabilities |  |  | (2,776,312) |  | (1,903,164)
Total assets less current liabilities |  |  | (1,381,015) |  | (929,408)
Net liabilities |  |  | (1,381,015) |  | (929,408)
Capital and reserves |  |  |  |  |
Called up share capital | 10 |  | 18,804 |  | 18,804
Share premium account |  |  | 21,264 |  | 21,264
Capital redemption reserve |  |  | 10,125 |  | 10,125
Profit and loss account |  |  | (1,431,208) |  | (979,601)
|  |  | (1,381,015) |  | (929,408)
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 2 July 2026.
H Ehrenberg
Director
Page 1
POSI-THREAD (U.K.) LTD REGISTERED NUMBER: 01924756 BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2025 The notes on pages 3 to 8 form part of these financial statements. Page 2
POSI-THREAD (U.K.) LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
The company is a private limited company, incorporated and registered in England and Wales (company number 01924756). Its registered office and principal place of business is 4 Bridgewater Road, Washington, Tyne & Wear, NE37 2SG. 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 | Going concern
The financial statements have been prepared on the basis that the company will be a going concern for at least twelve months from the date of the approval of these financial statements. The balance sheet shows that liabilities exceed the value of all assets. The company relies on support from a related entity which has subordinated repayment of its loans to the company. The director has a reasonable expectation that the parent and associated undertakings will continue to provide financial support where necessary.
| 2.3 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is GBP. Monetary amounts in these financial statements are rounded to the nearest £1. 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
POSI-THREAD (U.K.) LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 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 | 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.
| 2.6 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 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 | 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
POSI-THREAD (U.K.) LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.8 | 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. Depreciation is provided on the following basis:
|  |  |  | Leasehold property | - | over ten years
|  |  |  | Plant and machinery | - | over ten years
|  |  |  | Fixtures and fittings | - | between three and ten years
|  |  |  | Computer equipment | - | between four and ten years
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.
| 2.9 | Stocks
Stocks are stated at the lower of cost and net realisable value. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and an appropriate proportion of attributable overheads.
| 2.10 | Debtors
Short term debtors are measured at transaction value, less any impairment.
| 2.11 | Creditors
Short term creditors are measured at the transaction value.
3. | Judgments in applying accounting policies and key sources of estimation uncertainty
Tangible fixed assets are depreciated over their useful lives taking into account residual values where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing the asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual values consider such things as future market conditions, the remaining life of the asset and projected disposal values. The value of stock of finished goods has been reduced by a provision for slow-moving or obsolete stock. The provision applies assumptions based on the age of the stock such that no value is carried if it is more than four years old, with discounts applied between one and four years at the rate of 25% per annum. These estimation policies are consistent with previous years' policies in each case. Page 5
POSI-THREAD (U.K.) LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
4. | Employees
| The average monthly number of employees, including directors, during the year was 25 (2024 - 29).
5. | Tangible fixed assets
|  | Long-term leasehold property | Plant and machinery | Fixtures and fittings | Computer equipment | Total
|  | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |
| At 1 January 2025 | 46,657 | 2,630,344 | 8,375 | 136,980 | 2,822,356
| Additions | 14,225 | 542,887 | 6,728 | 1,732 | 565,572
| Disposals | - | (413,169) | - | (69,597) | (482,766)
| At 31 December 2025 | 60,882 | 2,760,062 | 15,103 | 69,115 | 2,905,162
| Depreciation |  |  |  |  |
| At 1 January 2025 | 30,558 | 1,693,730 | 1,438 | 122,874 | 1,848,600
| Charge for the year on owned assets | 2,995 | 131,178 | 1,913 | 5,771 | 141,857
| Disposals | - | (412,345) | - | (68,247) | (480,592)
| At 31 December 2025 | 33,553 | 1,412,563 | 3,351 | 60,398 | 1,509,865
| Net book value |  |  |  |  |
| At 31 December 2025 | 27,329 | 1,347,499 | 11,752 | 8,717 | 1,395,297
| At 31 December 2024 | 16,099 | 936,614 | 6,937 | 14,106 | 973,756
6. | Stocks
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Raw materials and consumables | 330,290 | 215,409
| Work in progress (goods to be sold) | 9,730 | 40,300
| Finished goods and goods for resale | 520,427 | 649,810
|  | 860,447 | 905,519
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POSI-THREAD (U.K.) LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
7. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 869,956 | 853,208
| Other debtors | 4,010 | 8,467
| Prepayments and accrued income | 34,829 | 677,283
|  | 908,795 | 1,538,958
8. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 25,010 | 180,077
|  | 25,010 | 180,077
| Although not in use at the year end, the company has available an overdraft facility of £10,000, which is repayable on demand and secured by a fixed and floating charge over the Company's tangible fixed assets.
9. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 1,773,425 | 1,678,118
| Amounts owed to associates | 2,755,360 | 2,785,127
| Other taxation and social security | 17,868 | 22,834
| Other creditors | 4,038 | 1,920
| Accruals and deferred income | 19,873 | 39,719
|  | 4,570,564 | 4,527,718
| Amounts owing to associate entities are not secured but carry interest.
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POSI-THREAD (U.K.) LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
10. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 18,804 (2024 - 18,804) Ordinary shares of £1.00 each | 18,804 | 18,804
11. | Pension commitments
The Company operates a defined contribution 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 £11,365 (2024 - £13,121). There were £1,871 contributions (2024 - £4,872) that were payable to the fund at the balance sheet date and included in creditors.
12. | Controlling party
The immediate and ultimate holding company is CRN Holdings AG, whose address is Baarerstr. 95, Zug, Switzerland 6301. The director H Ehrenberg together with his immediate family has a controlling interest in CRN Holdings AG.
13. | Auditors' information
The auditors' report on the financial statements for the year ended 31 December 2025 was unqualified.
| In their report, the auditors emphasised the following matter without qualifying their report: Paragraph 2.2 Going Concern refers to the net liabilities of the company at the year end date and its continuing reliance on financial support from the company's parent and associated undertakings. This matter is of material significance to the ongoing ability of the company to continue trading, and we draw your attention to it. Our audit opinion is not qualified in this respect.
The audit report was signed on 23 July 2026 by Detlev Anderson (Senior Statutory Auditor) on behalf of Kinnair Associates Limited.
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