How we claimed £12,200 in capital allowances for a Dudley engineering firm
Client K runs an engineering and metal-fabrication business from a Dudley industrial unit, continuing the Black Country's manufacturing tradition. The Ltd company had invested in machinery, fabrication equipment and a delivery vehicle, but the previous bookkeeper had simply expensed routine costs and hadn't identified the substantial capital allowances available.
We reviewed the capital expenditure. The production and fabrication machinery, tools, the commercial vehicle and IT qualified for capital allowances, with the Annual Investment Allowance and, for qualifying new plant, full expensing for companies. We claimed the allowances across the open periods, significantly reducing Corporation Tax, and reviewed the director remuneration for further efficiency.