Company Registration No. SC071447 (Scotland)
IODS PIPE CLAD LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
PAGES FOR FILING WITH REGISTRAR
IODS PIPE CLAD LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 12
IODS PIPE CLAD LIMITED
BALANCE SHEET
AS AT
31 MARCH 2021
31 March 2021
- 1 -
2021
2020
Notes
£000
£000
£000
£000
Fixed assets
Tangible assets
6
869
1,124
Current assets
Stocks
7
908
1,677
Debtors
8
2,243
2,837
Cash at bank and in hand
694
25
3,845
4,539
Creditors: amounts falling due within one year
9
(3,856)
(4,907)
Net current liabilities
(11)
(368)
Total assets less current liabilities
858
756
Creditors: amounts falling due after more than one year
10
(2,108)
(2,112)
Provisions for liabilities
12
(339)
(375)
Net liabilities
(1,589)
(1,731)
Capital and reserves
Called up share capital
14
25
25
Profit and loss reserves
(1,614)
(1,756)
Total equity
(1,589)
(1,731)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 28 April 2022 and are signed on its behalf by:
Mr J Mincher
Director
Company Registration No. SC071447
IODS PIPE CLAD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
- 2 -
1
Accounting policies
Company information
These financial statements are presented in Pounds Sterling (GBP), as that is the currency in which the majority of the company's transactions are denominated. They comprise the financial statements of the company drawn up for the year ended March 2021.
The continuing activities of IODS Pipe Clad is that of performing weld overlay cladding of various high integrity components including subsea tools and production equipment.
IODS Pipe Clad
Limited is a
private
company
limited by shares
incorporated in
Scotland
.
The registered office is
5 Kelvin Park South, East Kilbride, Glasgow, United Kingdom, G75 0RH.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £000.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Going concern
The company has made a loss of £122k for the year ended 31 March 2021 and at the balance sheet date had net current liabilities of £11k and net liabilities of £1,589. The trading environment of the group which the company is a member has remained challenging post year end and the directors are expecting the group to make a loss for the year ended 31 March 2022. The directors have undertaken a series of steps during and post year end to safeguard the future of the group by restructuring the cost base with redundancies in December 2020 and April 2021. Despite the difficult trading conditions, the directors are optimistic about the group’s outlook due to an increase in market activity and a healthier orderbook for the year ended 31 March 2023. A renewed focus on energy security is expected to increase investment activity in our key markets and create further opportunities. Post year end the directors have successfully completed a refinancing of the group in December 2021 resulting in the group entering into an Asset Financing facility of £750k, an Invoice Discounting Facility with a limit of £1,750k and a shareholder loan agreement of £500k. The successful refinancing ensures that the group has sufficient working capital facilities available to fulfil the order book.
true
In assessing the ability of the company and group to continue as a going concern, the directors have prepared detailed cash flow projections to December 2023 and are satisfied that following the refinancing of the group’s funding facilities, the group and parent company will have access to sufficient liquidity to allow it to meet its financial obligations as they fall due for a minimum period of 12 months from authorising the financial statements. However, the directors do acknowledge that it is conceivable that delays in orders could create short term working capital shortfalls. In the event of orderbook delays creating a working capital shortfall, the directors have obtained a shareholder letter of financial support for a minimum period of 12 months from the date of approving the financial statements. This confirms that the loan of £500k already provided during December 2021 by way of a secured loan will not be recalled for a period of at least 12 months from the date of approval of the financial statements for the year ended 31 March 2021. Further, the shareholder is prepared to provide a further £250k loan where such additional working capital would be required to deliver on the trading projections. On this basis, the directors are satisfied that a material uncertainty does not exist over the group and parent company’s ability to continue as a going concern.
IODS PIPE CLAD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
1
Accounting policies
(Continued)
- 3 -
1.3
Turnover
Turnover is recognised
to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding value added tax and other sales taxes. Turnover is recognised upon the shipment to customers or at the time of delivery. The following criteria must also be met before turnover is recognised:
Sale of goods
Turnover 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 managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
-
the amount of turnover 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.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer
(usually on dispatch of the goods)
, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
1.4
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Where parts of an item of tangible fixed asserts have different useful lives, they are accounted for as separate items of tangible fixed assets.
Leases in which the entity assumes substantially all the risks and rewards ownership of the leased asset are classified as finance leases. All other leases are classified as operating leases. Leases assets acquired by the way of finance lease are stated on initial recognition at an amount equal to the lower of their fair value and the present value of the minimum lease payments at inception of the lease, including any incremental costs directly attributable to negotiating and arranging the lease. At initial recognition a finance lease liability is recognised equal to the air value of the leased assets or, if lower, the present value of the minimum lease payments. The present value of the minimum lease payments is calculated using the interest rate implicit in the lease. Lease payments are accounted for as described in the leased asset accounting policy.
Depreciation is charges to the Statement of Comprehensive Income on a straight-line basis over the estimated useful lives of each part of an item on tangible fixed assets. Leased assets are depreciated over the shorter of the ease term and their useful lives.
Depreciation is provided on the following basis:
Leasehold land and buildings
15 years
Plant, machinery and equipment
5 to 15 years
Fixtures and fittings
5 to 10 years
Motor vehicles
4 years
IODS PIPE CLAD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
1
Accounting policies
(Continued)
- 4 -
Depreciation methods, useful lives and residual values are reviewed if there is an indication of a significant change since the last annual reporting date in the pattern by which the company expects to consume an asset's future economic benefits.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and
is credited or charged to profit or loss
.
1.5
Impairment of fixed assets
At each reporting
period
end date, the
company
reviews the carrying amounts of its tangible
assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the
company
estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in
profit
or
loss
, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit)
in
prior years. A reversal of an impairment loss is recognised immediately in
profit
or
loss
, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
1.6
Stocks
Stocks are stated at the lower of costs and estimated selling price less costs to complete and sell. Cost is based on the first-in first-out principle and includes expenditure incurred in acquiring the stocks, production or conversion costs in bringing them to their existing location and condition. For work in progress and finished goods, cost is taken as production cost, which includes an appropriate proportion of attributable overheads.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
1.7
Cash and cash equivalents
Cash and cash equivalents
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
IODS PIPE CLAD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
1
Accounting policies
(Continued)
- 5 -
1.8
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include certain debtors and cash and bank balances, are measured at transaction price including transaction costs.
Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.
Derecognition of financial liabilities
Financial liabilities are derecognised when the company’s contractual obligations
expire or are discharged or cancelled.
1.9
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.10
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
IODS PIPE CLAD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
1
Accounting policies
(Continued)
- 6 -
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the
profit and loss account
because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the
profit and loss account
, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the
company
has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
1.11
Provisions
Provisions are recognised when the
company
has a legal or constructive present obligation as a result of a past event, it is probable that the
company
will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation.
Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision i
s
measured at present value
,
the unwinding of the discount is recognised as a finance cost in
profit
or
loss
in the period
in which
it arises.
Where the company enters into financial guarantee contracts to guarantee the indebtedness of other companies within its group, the company treats the guarantee contract as a contingent liability until such time it becomes probable that the company will be required to make a payment under the guarantee.
1.12
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or
fixed assets
.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.13
Retirement benefits
A defined contribution plan is a post-employment benefit plan under which the company pays fixed contributions into a separate entity and will have no legal or constructive obligation to pay further amounts. Obligations for contributions to defined contribution pension plans are recognised as an expense in the Statement of Comprehensive Income in the periods during which services are rendered by employees.
IODS PIPE CLAD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
1
Accounting policies
(Continued)
- 7 -
Group Plans
The group operates a group wide define benefit pension plan. As there is no contractual agreement or stated group policy for charging the net defined benefit cost of the plan to participating entities, the net defined benefit cost of the pension plan and the net defined benefit liability are recognised fully by the company which is legally responsible for the plan, which is Glenalmond Group Limited. The contributions payable by the participating entities are determined o the basis on the plan members employment with respective group companies, Disclosures regarding the group defined benefit plan can be found in the financial statements on Glenalmond Group Limited.
1.14
Leases
Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding liability using the rate implicit in the lease. The finance charge is allocated to each period during the lease term so as to produce a constant periodic rate of interest on the remaining balance of the liability. Contingent rents are charges as expenses in the periods in which they are incurred.
Payments (excluding costs for service and insurance) made under operating leases are recognised in the Statement of Comprehensive Income in straight-line basis over the term of the leases unless the payments to the lessor are structured to increase in line with expected general inflation; in which case the payments related to the structured increases are recognised as incurred. Lease incentives received are recognised in profit and loss over the term of the lease as an integral part of the total lease expense.
1.15
Government grants
Government grants are recognised at the fair value of the asset receive
d
or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
Government grants are recognised in accordance with the performance model.
A grant that specifies performance conditions is recognised in income when the performance conditions are met
. Where a
grant does not specify performance conditions
it
is recognised in income when the proceeds are received or receivable
. A grant received before the recognition criteria are satisfied is recognised as a liability.
1.16
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation
in the period
are included in profit or loss.
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
IODS PIPE CLAD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
2
Judgements and key sources of estimation uncertainty
(Continued)
- 8 -
Key sources of estimation uncertainty
The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are
as follows.
Useful lives of tangible fixed assets
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 asset lives all known relevant factors are taken into account but there is an inherent uncertainty in making this assessment.
Provisions
Provision is made for product warranties, bad debts and obsolete stock. The warranty provision requires management's best estimate of the costs that will be incurred based on the contractual requirements. The bad debt and obsolete stock provisions have been deemed appropriate at the year end based on management's best estimate of results and experience post-year end.
3
Exceptional item
2021
2020
£000
£000
Exceptional income and expenditure
(720)
-
Exceptional income consists of the release of a historical provision against a customer milestone payment.
4
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2021
2020
Number
Number
Total
62
74
5
Taxation
2021
2020
£000
£000
Current tax
UK corporation tax on profits for the current period
(564)
Adjustments in respect of prior periods
(264)
Total current tax
(264)
(564)
IODS PIPE CLAD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
- 9 -
6
Tangible fixed assets
Leasehold land and buildings
Plant, machinery and equipment
Fixtures and fittings
Motor vehicles
Total
£000
£000
£000
£000
£000
Cost
At 1 April 2020
73
5,570
176
30
5,849
Additions
39
8
47
Disposals
(3)
(3)
At 31 March 2021
73
5,606
184
30
5,893
Depreciation and impairment
At 1 April 2020
25
4,517
169
14
4,725
Depreciation charged in the year
5
275
11
8
299
At 31 March 2021
30
4,792
180
22
5,024
Carrying amount
At 31 March 2021
43
814
4
8
869
At 31 March 2020
48
1,053
7
16
1,124
The net book value of assets held under finance leases or hire purchase contacts, included above, is £
3
k (2020: £9k)
7
Stocks
2021
2020
£000
£000
Stocks
908
1,677
8
Debtors
2021
2020
Amounts falling due within one year:
£000
£000
Trade debtors
1,746
1,938
Corporation tax recoverable
264
Amounts owed by group undertakings
161
116
Other debtors
72
783
2,243
2,837
IODS PIPE CLAD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
- 10 -
9
Creditors: amounts falling due within one year
2021
2020
£000
£000
Bank loans and overdrafts
800
Trade creditors
511
1,327
Amounts owed to group undertakings
2,794
1,549
Taxation and social security
192
88
Other creditors
359
1,143
3,856
4,907
The Clydesdale Bank plc holds a fixed and floating charge over all assets of the company in respect of group debts.
HP creditors secured over the assets financed until the liability has been paid.
10
Creditors: amounts falling due after more than one year
2021
2020
£000
£000
Other creditors
2,108
2,112
11
Loans and overdrafts
2021
2020
£000
£000
Group loans
2,108
2,108
Payable between 2-5 years
2,108
2,108
Loans are unsecured and repayable in one lump sum. This is due to be repaid during the year ended 31 March 2024. Interest is charged on this loan at 2% over the Clydesdale Bank plc lending rate.
12
Provisions for liabilities
2021
2020
£000
£000
Warranty
154
190
Liquidated Damages
185
185
339
375
IODS PIPE CLAD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
12
Provisions for liabilities
(Continued)
- 11 -
Warranty
A provision is recognised for expected obligations under warranty claims based on contractual terms negotiated with customers and which can be extend to four years after delivery of the goods. Costs relating to warranty claims are expected to be incurred over the remaining warranty periods and beyond the next financial year.
Liquidated Damages
The company enters into contractual arrangements with certain of its customers which provide for payment of liquidated damages on the event of late delivery of goods. The company has received claims for liquidated damages from certain customers which the company have disputed and they remain subject to negotiated settlement.
13
Retirement benefit schemes
The company operates a defined contribution pension scheme
. The assets of the scheme are help separately from those that the company in an independently administered fund. Contributions totalling £13k, were payable to the fund (2020 - £18k) at the balance sheet date and are included in creditors.
The defined benefit scheme is a multi-employer scheme operated by Glenalmond Group Limited, the ultimate parent company. As there is no contractual agreement or stated group policy for charging the net benefit cost of the plan to participating entities, the net defined benefit cost of the pension plan and the net defined benefit liability are recognised fully by Glenalmond Limited in accordance with FRS102, as it is the company legally responsible for the plan. The scheme is closed to new entrants and has ceased future accrual of benefits. Glenalmond Group Limited make contributions to the scheme on the advice of an independent actuary to ensure the scheme's assets are sufficient to cover future liabilities.
14
Called up share capital
2021
2020
2021
2020
Ordinary share capital
Number
Number
£000
£000
Issued and fully paid
25,000 ordinary shares of £1 each
25,000
25,000
25
25
15
Audit report information
As the income statement has been omitted from the filing copy of the financial statements
,
the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006
:
The auditor's report was unqualified.
The senior statutory auditor was James Hamilton.
The auditor was Johnston Carmichael LLP.
IODS PIPE CLAD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
- 12 -
16
Financial commitments, guarantees and contingent liabilities
The company has provided a guarantee to Glenalmond Group Limited in respect of its amounts due to the Clydesdale Bank plc.
The company has provided a guarantee to Valve Components Limited in respect of its amounts due to the Clydesdale Bank plc.
17
Operating lease commitments
Lessee
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:
2021
2020
£000
£000
10
18
Related party transactions
The company has taken advantage of the disclosure exemption from the requirement FRS 102 Section 33 Related Parties Disclosures paragraph 33.1A from disclosing transactions with the parent company and wholly owned subsidiaries of Glenalmond Group Limited on the basis that consolidated financial statements are available.
19
Parent company
The immediate and ultimate parent company is Glenalmond Group Limited, a private company registered in Scotland, Copies of the consolidated financial statements of Glenalmond Group Limited can be obtained from the company's registered office.
The ultimate controlling party is Barbara Mincher, director.
2021-03-31
2020-04-01
false
29 April 2022
CCH Software
CCH Accounts Production 2022.100
No description of principal activity
This audit opinion is unqualified
Mrs B Mincher
Mr J Mincher
Mr J Mincher
2022-04-28
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2020-03-31
SC071447
core:LandBuildings
core:LeasedAssetsHeldAsLessee
2020-04-01
2021-03-31
SC071447
core:WithinOneYear
2021-03-31
SC071447
core:WithinOneYear
2020-03-31
SC071447
core:Non-currentFinancialInstruments
2021-03-31
SC071447
core:Non-currentFinancialInstruments
2020-03-31
SC071447
bus:PrivateLimitedCompanyLtd
2020-04-01
2021-03-31
SC071447
bus:SmallCompaniesRegimeForAccounts
2020-04-01
2021-03-31
SC071447
bus:FRS102
2020-04-01
2021-03-31
SC071447
bus:Audited
2020-04-01
2021-03-31
SC071447
bus:Director1
2020-04-01
2021-03-31
SC071447
bus:CompanySecretary1
2020-04-01
2021-03-31
SC071447
bus:FullAccounts
2020-04-01
2021-03-31
xbrli:pure
xbrli:shares
iso4217:GBP