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REGISTERED NUMBER: 01564156 (England and Wales)





















ASTRATEC ELECTRONICS LIMITED

FINANCIAL STATEMENTS

FOR THE PERIOD 1 NOVEMBER 2021 TO 30 OCTOBER 2022






ASTRATEC ELECTRONICS LIMITED (REGISTERED NUMBER: 01564156)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2021 TO 30 OCTOBER 2022










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


ASTRATEC ELECTRONICS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 NOVEMBER 2021 TO 30 OCTOBER 2022







DIRECTORS: K W Bird
Mrs G A V Bird





SECRETARY: Mrs G A V Bird





REGISTERED OFFICE: 22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ





REGISTERED NUMBER: 01564156 (England and Wales)





ACCOUNTANTS: Phipps Henson McAllister
Chartered Accountants
22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ

ASTRATEC ELECTRONICS LIMITED (REGISTERED NUMBER: 01564156)

BALANCE SHEET
30 OCTOBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,556 1,931

CURRENT ASSETS
Stocks 20,152 122,889
Debtors 5 171,630 117,426
Cash at bank and in hand 83,151 138,699
274,933 379,014
CREDITORS
Amounts falling due within one year 6 272,677 266,299
NET CURRENT ASSETS 2,256 112,715
TOTAL ASSETS LESS CURRENT LIABILITIES 15,812 114,646

CREDITORS
Amounts falling due after more than one
year

7

(8,343

)

(108,238

)

PROVISIONS FOR LIABILITIES (3,389 ) (367 )
NET ASSETS 4,080 6,041

CAPITAL AND RESERVES
Called up share capital 8 5,000 5,000
Share premium 12 12
Retained earnings (932 ) 1,029
SHAREHOLDERS' FUNDS 4,080 6,041

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 October 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 October 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ASTRATEC ELECTRONICS LIMITED (REGISTERED NUMBER: 01564156)

BALANCE SHEET - continued
30 OCTOBER 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 September 2023 and were signed on its behalf by:





K W Bird - Director


ASTRATEC ELECTRONICS LIMITED (REGISTERED NUMBER: 01564156)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2021 TO 30 OCTOBER 2022


1. STATUTORY INFORMATION

Astratec Electronics Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures, fittings and equipment - 20% on cost
Motor vehicles - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2021 - 3 ) .

ASTRATEC ELECTRONICS LIMITED (REGISTERED NUMBER: 01564156)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2021 TO 30 OCTOBER 2022


4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
Plant and and Motor
machinery equipment vehicles Totals
£    £    £    £   
COST
At 1 November 2021 17,655 50,379 - 68,034
Additions - 699 11,800 12,499
At 30 October 2022 17,655 51,078 11,800 80,533
DEPRECIATION
At 1 November 2021 17,655 48,448 - 66,103
Charge for period - 628 246 874
At 30 October 2022 17,655 49,076 246 66,977
NET BOOK VALUE
At 30 October 2022 - 2,002 11,554 13,556
At 31 October 2021 - 1,931 - 1,931

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 69,862 22,412
Other debtors 101,768 95,014
171,630 117,426

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 100,086 91,762
Trade creditors 93,211 91,472
Corporation tax 54,758 55,878
Social security and other taxes 684 883
VAT 11,814 -
Accruals and deferred income 12,124 26,304
272,677 266,299

ASTRATEC ELECTRONICS LIMITED (REGISTERED NUMBER: 01564156)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2021 TO 30 OCTOBER 2022


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans - 1-2 years 8,343 100,096
Bank loans - 2-5 years - 8,142
8,343 108,238

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
5,000 Ordinary £1 5,000 5,000

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 30 October 2022 and the year ended 31 October 2021:

2022 2021
£    £   
K W Bird and Mrs G A V Bird
Balance outstanding at start of period 90,644 62,618
Amounts advanced 161,807 183,126
Amounts repaid (151,500 ) (155,100 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 100,951 90,644

The loan was fully repaid on 6 April 2023.