IRIS Accounts Production v23.3.0.418 SC157747 director 1.7.22 30.6.23 30.6.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC1577472022-06-30SC1577472023-06-30SC1577472022-07-012023-06-30SC1577472021-06-30SC1577472021-07-012022-06-30SC1577472022-06-30SC157747ns10:Originalns15:Scotland2022-07-012023-06-30SC157747ns14:PoundSterlingns10:Original2022-07-012023-06-30SC157747ns10:Originalns10:Director12022-07-012023-06-30SC157747ns10:Original2022-07-012023-06-30SC157747ns10:Original2023-06-30SC157747ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-30SC157747ns10:Originalns10:SmallEntities2022-07-012023-06-30SC157747ns10:Originalns10:AuditExempt-NoAccountantsReport2022-07-012023-06-30SC157747ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-30SC157747ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-30SC157747ns10:Originalns10:FullAccounts2022-07-012023-06-30SC157747ns10:Originalns10:RegisteredOffice2022-07-012023-06-30SC157747ns10:Original2022-06-30SC157747ns10:Originalns5:CurrentFinancialInstruments2023-06-30SC157747ns10:Originalns5:CurrentFinancialInstruments2022-06-30SC157747ns10:Originalns5:Non-currentFinancialInstruments2023-06-30SC157747ns10:Originalns5:Non-currentFinancialInstruments2022-06-30SC157747ns5:ShareCapitalns10:Original2023-06-30SC157747ns5:ShareCapitalns10:Original2022-06-30SC157747ns10:Originalns5:RevaluationReserve2023-06-30SC157747ns10:Originalns5:RevaluationReserve2022-06-30SC157747ns10:Originalns5:CapitalRedemptionReserve2023-06-30SC157747ns10:Originalns5:CapitalRedemptionReserve2022-06-30SC157747ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-30SC157747ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-30SC157747ns10:Originalns5:OwnedOrFreeholdAssetsns5:LandBuildings2022-07-012023-06-30SC157747ns10:Originalns5:PlantMachinery2022-07-012023-06-30SC157747ns10:Originalns5:FurnitureFittings2022-07-012023-06-30SC157747ns10:Originalns5:ComputerEquipment2022-07-012023-06-30SC157747ns10:Original2021-07-012022-06-30SC157747ns10:Originalns5:LandBuildings2022-06-30SC157747ns10:Originalns5:PlantMachinery2022-06-30SC157747ns10:Originalns5:FurnitureFittings2022-06-30SC157747ns10:Originalns5:ComputerEquipment2022-06-30SC157747ns10:Original2022-06-30SC157747ns10:Originalns5:LandBuildings2022-07-012023-06-30SC157747ns10:Originalns5:LandBuildings2023-06-30SC157747ns10:Originalns5:PlantMachinery2023-06-30SC157747ns10:Originalns5:FurnitureFittings2023-06-30SC157747ns10:Originalns5:ComputerEquipment2023-06-30SC157747ns10:Originalns5:LandBuildings2022-06-30SC157747ns10:Originalns5:PlantMachinery2022-06-30SC157747ns10:Originalns5:FurnitureFittings2022-06-30SC157747ns10:Originalns5:ComputerEquipment2022-06-30SC157747ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-30SC157747ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-30
REGISTERED NUMBER: SC157747 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Associated Production Tools Limited

Associated Production Tools Limited (Registered number: SC157747)

Contents of the Financial Statements
for the Year Ended 30 June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Associated Production Tools Limited

Company Information
for the Year Ended 30 June 2023







Director: James Michael Smith





Registered office: Unit 7, Carberry Court
28 Queen Elizabeth Avenue
Hillington Park
Glasgow
G52 4NQ





Registered number: SC157747 (Scotland)





Accountants: Total Accounting Ltd.
10 Moncrieff Street
Paisley
PA3 2BE

Associated Production Tools Limited (Registered number: SC157747)

Balance Sheet
30 June 2023

2023 2022
Notes £    £   
Fixed assets
Tangible assets 3 275,436 271,481

Current assets
Stocks 1,123,831 966,001
Debtors 4 203,052 221,095
Cash at bank 758,877 671,132
2,085,760 1,858,228
Creditors
Amounts falling due within one year 5 (169,162 ) (158,069 )
Net current assets 1,916,598 1,700,159
Total assets less current liabilities 2,192,034 1,971,640

Creditors
Amounts falling due after more than one year 6 6,494 6,691

Provisions for liabilities 4,622 4,329

Capital and reserves
Called up share capital 1 1
Revaluation reserve 54,446 54,446
Capital redemption reserve 1 1
Profit and loss account 2,126,470 1,906,172
2,180,918 1,960,620
2,192,034 1,971,640

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Associated Production Tools Limited (Registered number: SC157747)

Balance Sheet - continued
30 June 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 director and authorised for issue on 26 October 2023 and were signed by:





James Michael Smith - Director


Associated Production Tools Limited (Registered number: SC157747)

Notes to the Financial Statements
for the Year Ended 30 June 2023


1. 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.
Heritable property - Not depreciated
Plant and machinery - 25% on cost
Property fittings - 10% on cost
Computer equipment - 20% 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.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

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 or deferred taxation assets and liabilities are not discounted.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

2. Employees and directors

The average number of employees during the year was 5 (2022 - 5 ) .

Associated Production Tools Limited (Registered number: SC157747)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


3. Tangible fixed assets
Heritable Plant and Property Computer
property machinery fittings equipment Totals
£    £    £    £    £   
Cost
At 1 July 2022 250,000 4,000 53,964 10,185 318,149
Additions - 4,300 - 4,959 9,259
At 30 June 2023 250,000 8,300 53,964 15,144 327,408
Depreciation
At 1 July 2022 - 4,000 39,078 3,590 46,668
Charge for year - 896 2,156 2,252 5,304
At 30 June 2023 - 4,896 41,234 5,842 51,972
Net book value
At 30 June 2023 250,000 3,404 12,730 9,302 275,436
At 30 June 2022 250,000 - 14,886 6,595 271,481

4. Debtors
2023 2022
£    £   
Trade debtors 196,111 214,154
Prepayments 6,941 6,941
203,052 221,095

5. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 18,965 32,874
Corporation tax 80,757 76,689
VAT 60,082 47,116
Directors' current accounts 8,372 248
Accruals 789 945
Deferred government grants 197 197
169,162 158,069

6. Creditors due after one year
2023 2022
£    £   
Deferred government grants 6,494 6,691