How we claimed £13,000 in capital allowances for a Redditch manufacturer
Client K runs a precision-manufacturing and engineering business from a Redditch industrial estate. The Ltd company had invested in CNC machinery, tooling and commercial vehicles, but the previous bookkeeper had simply expensed routine costs and hadn't identified the substantial capital allowances available.
We reviewed the capital expenditure. The CNC machinery, tooling, production equipment, commercial vehicles 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.