Caseware UK (AP4) 2025.0.111 2025.0.111 2025-12-31 2025-12-31 true false 2025-01-01 false No description of principal activity 30 27 true 07964781 2025-01-01 2025-12-31 07964781 2024-01-01 2024-12-31 07964781 2025-12-31 07964781 2024-12-31 07964781 2024-01-01 07964781 c:Director1 2025-01-01 2025-12-31 07964781 d:Buildings d:ShortLeaseholdAssets 2025-01-01 2025-12-31 07964781 d:Buildings d:ShortLeaseholdAssets 2025-12-31 07964781 d:Buildings d:ShortLeaseholdAssets 2024-12-31 07964781 d:MotorVehicles 2025-01-01 2025-12-31 07964781 d:MotorVehicles 2025-12-31 07964781 d:MotorVehicles 2024-12-31 07964781 d:MotorVehicles d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 07964781 d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 07964781 d:PatentsTrademarksLicencesConcessionsSimilar 2025-12-31 07964781 d:PatentsTrademarksLicencesConcessionsSimilar 2024-12-31 07964781 d:ComputerSoftware 2025-12-31 07964781 d:ComputerSoftware 2024-12-31 07964781 d:CurrentFinancialInstruments 2025-12-31 07964781 d:CurrentFinancialInstruments 2024-12-31 07964781 d:Non-currentFinancialInstruments 2025-12-31 07964781 d:Non-currentFinancialInstruments 2024-12-31 07964781 d:CurrentFinancialInstruments d:WithinOneYear 2025-12-31 07964781 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 07964781 d:Non-currentFinancialInstruments d:AfterOneYear 2025-12-31 07964781 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 07964781 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2025-12-31 07964781 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-12-31 07964781 d:ShareCapital 2025-12-31 07964781 d:ShareCapital 2024-12-31 07964781 d:RetainedEarningsAccumulatedLosses 2025-12-31 07964781 d:RetainedEarningsAccumulatedLosses 2024-12-31 07964781 c:FRS102 2025-01-01 2025-12-31 07964781 c:Audited 2025-01-01 2025-12-31 07964781 c:FullAccounts 2025-01-01 2025-12-31 07964781 c:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 07964781 d:WithinOneYear 2025-12-31 07964781 d:WithinOneYear 2024-12-31 07964781 d:BetweenOneFiveYears 2025-12-31 07964781 d:BetweenOneFiveYears 2024-12-31 07964781 c:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 07964781 d:AcceleratedTaxDepreciationDeferredTax 2025-12-31 07964781 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 07964781 d:OtherDeferredTax 2025-12-31 07964781 d:OtherDeferredTax 2024-12-31 07964781 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2025-01-01 2025-12-31 07964781 d:ComputerSoftware d:OwnedIntangibleAssets 2025-01-01 2025-12-31 07964781 e:PoundSterling 2025-01-01 2025-12-31 iso4217:GBP xbrli:pure

Registered number: 07964781 ALMAS INDUSTRIES UK LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
ALMAS INDUSTRIES UK LIMITED REGISTERED NUMBER: 07964781 STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets | 5 |  | 22,884 |  | 31,035
Tangible assets | 6 |  | 18,245 |  | 22,381
|  |  | 41,129 |  | 53,416
Current assets |  |  |  |  |
Stocks |  | 81,559 |  | 68,716 |
Debtors: amounts falling due after more than one year | 7 | 458,611 |  | 418,511 |
Debtors: amounts falling due within one year | 7 | 843,773 |  | 812,866 |
Cash at bank and in hand |  | 557,144 |  | 353,568 |
|  | 1,941,087 |  | 1,653,661 |
Creditors: amounts falling due within one year | 8 | (1,031,722) |  | (1,002,901) |
Net current assets |  |  | 909,365 |  | 650,760
Total assets less current liabilities |  |  | 950,494 |  | 704,176
Creditors: amounts falling due after more than one year | 9 |  | (193,960) |  | (187,844)
Provisions for liabilities |  |  |  |  |
Deferred tax | 11 | (4,033) |  | (2,113) |
|  |  | (4,033) |  | (2,113)
Net assets |  |  | 752,501 |  | 514,219
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 150,001 |  | 150,001
Profit and loss account |  |  | 602,500 |  | 364,218
|  |  | 752,501 |  | 514,219
Page 1
ALMAS INDUSTRIES UK LIMITED REGISTERED NUMBER: 07964781 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 DECEMBER 2025 Thefinancial 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 by
N Burke
Director
Date: 12 August 2026
Page 2
ALMAS INDUSTRIES UK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
Almas Industries UK Limited is a private company limited by shares (registered number: 07964781), incorporated in England and Wales. The principal place of business is Unit 10 Mallard Court, Crewe Business Park, Crewe, CW1 6ZQ and the registered office address is 3rd Floor 50 Marshall Street, London, United Kingdom, W1F 9BQ. 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
At 31 December 2025, the Company had net current assets of £909,365 which included £557,144 of cash at bank. The directors believe that the Company's position indicates that it has adequate resources to meet its liabilities as they fall due for the foreseeable future. In light of the above and the ongoing support of Almas Industries Ltd, the immediate parent undertaking, via a letter of support for at least 12 months from the date of approval of the financial statements, the directors continue to adopt the going concern basis of accounting in preparing the financial statements. Therefore, having considered the financial position, trading results in the year, cash flow and trading forecasts for at least the next 12 months, the economic environment and industry in which Almas Industries group operates, the Directors consider it appropriate to prepare the financial statements on a going concern basis. Page 3
ALMAS INDUSTRIES UK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.3 | Revenue
The Company’s business model is to sell its products (equipment) through Lease agreements, which are usually signed over 5-year period covering the economic life of the equipment. Lease agreements signed with customers may be kept "in house" and are then treated as self-financed (Captive) contracts and are invoiced by the Company who also bears the cash collection risk. Lease contracts may also be sold to Leasing companies or Banks who then usually directly invoice the clients and take over the cash collection risk. The sale of equipment is generally linked with the sale of a maintenance contract and installation (where requested). The accounting policy is described below: Sale of equipment (rental income) for Captive Contracts The sales revenue recognised at the commencement of the lease term is the fair value of the asset or, if lower, the present value of the minimum lease payments accruing to the lessor, computed at a market rate of interest of 3.5%. The cost of sale recognised at the commencement of the lease term is the cost, or carrying amount if different, of the leased asset less the present value of the unguaranteed residual value. The difference between the sales revenue and the cost of sale is the selling profit, which is recognised in accordance with the Company’s policy for outright sales. Given the customer is getting the asset for estimated useful life, the present value of lease payments is approximate to the fair value. Sale of equipment to Leasing Company Revenue is recognised when the risks and rewards of ownership has passed to the customer (in this case Leasing Company) which is generally on delivery of the equipment. Revenue is recognized based on the amount the Leasing Company pays for the contract which approximates the fair value of the equipment. Maintenance and support revenue is recognized evenly on an overtime basis over the period of the contract. Revenue from installation is recognized at a point in time when the goods are installed.
| 2.4 | Other income
Other income represents management fee charged to a Group undertaking and is recognised in the Statement of Comprehensive Income when the right to receive payment is established.
| 2.5 | Cost of sales
Cost of sales represents the purchase cost of equipment, all associated direct costs including installation and wages of commercial and technical personnel. These are recognised as and when incurred.
| 2.6 | Administrative expenses
Administrative expenses mainly represents wages and salaries of administrative personnel, social security costs, rental expenses, office related expenses and other expenses of indirect nature. These are recognised as and when incurred. Page 4
ALMAS INDUSTRIES UK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 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. 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 amortised over ten years on a straight line basis, as this is considered to represent the estimated useful economic lives of the assets,
| 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. 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:
|  |  |  | Leasehold improvements | - | 33% |
|  |  |  | Motor vehicles | - | 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.
| 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 reporting 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. Page 5
ALMAS INDUSTRIES UK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 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
Financial liabilities, including trade and other payables, loans from fellow group companies are initially recognised at transaction price. Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.
| 2.13 | Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares are shown in equity as a deduction, net of tax, from the proceeds.
| 2.14 | 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.
| 2.15 | Operating leases: the Company as lessee
Rentals paid under operating leases are charged to the statement of comprehensive income 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 6
ALMAS INDUSTRIES UK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.16 | Pensions
Employee personal pension plan The Company operates a personal pension plan for its employees. Under the plan, the Company pays fixed contributions into the employee's personal pension plan. Once the contributions have been paid, the Company has no further payment obligations. The contributions are recognised as an expense in the Statement of Comprehensive Income when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.
| 2.17 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in the statement of comprehensive income 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 reporting 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 reporting 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 reporting date. Page 7
ALMAS INDUSTRIES UK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
3. | Judgements in applying accounting policies and key sources of estimation uncertainty
Allowance for doubtful debts Allowances for doubtful debts and the recoverable amount of debtors are based on management’s judgment and experience. Based on historical experience, allowances for doubtful debts are calculated as follows: • Receivables dated more than 12 months ago: provide for 100% of the amount; • Receivables dated 10 to 12 months ago: provide for 50% of the amount; • Receivables dated 6 to 9 months ago: provide for 30% of the amount; • Receivables dated 4 to 5 months ago: provide for 25% of the amount. Further to the above, the Company formally evaluates the carrying value of debtors for impairment whenever circumstances indicate, in management's judgement, that the carrying value of such debtors may not be recoverable.
4. | Employees
| The average monthly number of employees, including directors, during the year was 30 (2024 - 27).
5. | Intangible assets
|  | Customer list | Computer software | Total
|  | £ | £ | £
| Cost |  |  |
| At 1 January 2025 | 75,000 | 3,257 | 78,257
| At 31 December 2025 | 75,000 | 3,257 | 78,257
| Amortisation |  |  |
| At 1 January 2025 | 46,875 | 347 | 47,222
| Charge for the year | 7,500 | 651 | 8,151
| At 31 December 2025 | 54,375 | 998 | 55,373
| Net book value |  |  |
| At 31 December 2025 | 20,625 | 2,259 | 22,884
| At 31 December 2024 | 28,125 | 2,910 | 31,035
Page 8
ALMAS INDUSTRIES UK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
6. | Tangible fixed assets
|  | Leasehold improvement | Motor vehicles | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 January 2025 | 111,964 | 59,436 | 171,400
| Additions | 11,786 | - | 11,786
| At 31 December 2025 | 123,750 | 59,436 | 183,186
| Depreciation |  |  |
| At 1 January 2025 | 94,134 | 54,885 | 149,019
| Charge for the year | 14,297 | 1,625 | 15,922
| At 31 December 2025 | 108,431 | 56,510 | 164,941
| Net book value |  |  |
| At 31 December 2025 | 15,319 | 2,926 | 18,245
| At 31 December 2024 | 17,830 | 4,551 | 22,381
7. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Due after more than one year |  |
| Trade debtors | 458,611 | 418,511
|  | 458,611 | 418,511
| Included in trade debtors are contract assets pertaining to the goods delivered to the customers under lease agreements £458,611 (2024: £418,511).
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Due within one year |  |
| Trade debtors | 813,897 | 759,961
| Amounts owed by group undertakings | 14,438 | 10,770
| Other debtors | 181 | 11,238
| Prepayments and accrued income | 15,257 | 30,897
|  | 843,773 | 812,866
Page 9
ALMAS INDUSTRIES UK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 5,834 | 10,000
| Trade creditors | 173,773 | 106,753
| Amounts owed to group undertakings | 474,993 | 557,533
| Corporation tax | 84,951 | 61,689
| Other taxation and social security | 186,821 | 154,005
| Other creditors | 2,758 | 19,545
| Accruals and deferred income | 102,592 | 93,376
|  | 1,031,722 | 1,002,901
9. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | - | 5,833
| Amounts owed to group undertakings | 193,960 | 182,011
|  | 193,960 | 187,844
10. | Loans
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Bank loans | 5,834 | 10,000
| Amounts falling due 1-2 years |  |
| Bank loans | - | 5,833
|  | 5,834 | 15,833
| The bank loan is unsecured and subject to interest payable at 2.5% per annum.
Page 10
ALMAS INDUSTRIES UK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
11. | Deferred taxation
|  | 2025 | 2024
|  | £ | £
| At beginning of year | (2,113) | (5,465)
| Charged to profit or loss | (1,920) | 3,352
| At end of year | (4,033) | (2,113)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | (4,033) | (3,936)
| Other timing differences | - | 1,823
|  | (4,033) | (2,113)
12. | Commitments under operating leases
| At 31 December 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Not later than 1 year | 63,591 | 66,313
| Later than 1 year and not later than 5 years | 68,660 | 92,588
|  | 132,251 | 158,901
13. | Controlling party
The smallest group for which consolidated financial statements are prepared which include the results of this company is that headed by Almas Industries Limited, the immediate parent undertaking, and its registered office is 4th Floor, Hanover Street, London, W1S 1QY. The ultimate parent undertaking is Butler Industries, a company incorporated in France. The ultimate controlling party is considered to be Mr W Butler.
14. | Auditors' information
The auditors' report on the financial statements for the year ended 31 December 2025 was unqualified. The audit report was signed on 12 August 2026 by Andrew Barford (Senior Statutory Auditor) on behalf of Haysmac LLP. Page 11