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REGISTERED NUMBER: NI607815 (Northern Ireland)















ATS TRUSSES LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023






ATS TRUSSES LTD (REGISTERED NUMBER: NI607815)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ATS TRUSSES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: Shane Morgan
Alistair Hadden
Anthony Courtney





REGISTERED OFFICE: 2 Breagh Drive
Carn Industrial Estate
Craigavon
Co. Armagh
BT63 5XA





REGISTERED NUMBER: NI607815 (Northern Ireland)





ACCOUNTANTS: CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP

ATS TRUSSES LTD (REGISTERED NUMBER: NI607815)

STATEMENT OF FINANCIAL POSITION
31 MAY 2023

2023 2022
Notes £ £
NON-CURRENT ASSETS
Property, plant and equipment 5 197,281 98,084

CURRENT ASSETS
Inventories 6 236,161 277,521
Receivables: amounts falling due within
one year

7

1,116,147

1,590,469
Cash at bank 659,153 519,499
2,011,461 2,387,489
PAYABLES
Amounts falling due within one year 8 (838,432 ) (995,897 )
NET CURRENT ASSETS 1,173,029 1,391,592
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,370,310

1,489,676

PROVISIONS FOR LIABILITIES (36,414 ) (18,396 )

GOVERNMENT GRANTS (9,976 ) (13,301 )
NET ASSETS 1,323,920 1,457,979

CAPITAL AND RESERVES
Called up share capital 9 3 3
Retained earnings 1,323,917 1,457,976
SHAREHOLDERS' FUNDS 1,323,920 1,457,979

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

ATS TRUSSES LTD (REGISTERED NUMBER: NI607815)

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 August 2023 and were signed on its behalf by:




Shane Morgan - Director Alistair Hadden - Director




Anthony Courtney - Director


ATS TRUSSES LTD (REGISTERED NUMBER: NI607815)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

ATS Trusses Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparation
The financial statements are prepared under the historical cost convention modified when
necessary to include the revaluation of certain fixed assets.
The accounting policies detailed below have been applied consistently throughout the year.

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

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% reducing balance
Fixtures and fittings - 25% straight line
Motor vehicles - 25% reducing balance

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if
events or changes in circumstances indicate the carrying value may not be recoverable.

Inventories
Inventories are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

ATS TRUSSES LTD (REGISTERED NUMBER: NI607815)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

3. ACCOUNTING POLICIES - continued

Research and development
Research expenditure is written off in the year in which it is incurred.
Development expenditure incurred is capitalised as an intangible asset only when the following
criteria are met;
- it is technically feasible to complete the project so that it will be available for use or for sale
- there is the intention to complete the intangible asset and use and sell it
- there is the ability to use or sell the intangible asset
- the use or sale of the intangible asset will generate probable future economic benefits
- the expenditure attributable to the intangible asset during its development can be measured
reliably
Expenditure that does not meet the above criteria is expensed as incurred.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new
ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2022 - 39 ) .

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£ £ £ £
COST
At 1 June 2022 318,605 13,666 167,770 500,041
Additions 85,948 5,496 60,000 151,444
At 31 May 2023 404,553 19,162 227,770 651,485
DEPRECIATION
At 1 June 2022 268,265 12,867 120,825 401,957
Charge for year 35,830 1,061 15,356 52,247
At 31 May 2023 304,095 13,928 136,181 454,204
NET BOOK VALUE
At 31 May 2023 100,458 5,234 91,589 197,281
At 31 May 2022 50,340 799 46,945 98,084

6. INVENTORIES
2023 2022
£ £
Inventories 236,161 277,521

ATS TRUSSES LTD (REGISTERED NUMBER: NI607815)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

7. RECEIVABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade receivables 850,253 1,188,096
Amounts owed by group undertakings 124,709 237,983
Other receivables 141,185 164,390
1,116,147 1,590,469

8. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade payables 471,290 657,616
Taxation and social security 289,926 335,155
Other payables 77,216 3,126
838,432 995,897

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
3 Ordinary 1 3 3

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other debtors is a loan to the director for £100,000 (2022: £100,000). Interest is repayable on the loan at 2.5% interest and there are no set repayment terms.

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.