2022-06-012023-05-312023-05-31false09581572Aerotech Systems Ltd2023-11-2971121iso4217:GBPxbrli:pure095815722022-06-01095815722023-05-31095815722022-06-012023-05-31095815722021-06-01095815722022-05-31095815722021-06-012022-05-3109581572bus:SmallEntities2022-06-012023-05-3109581572bus:AuditExempt-NoAccountantsReport2022-06-012023-05-3109581572bus:AbridgedAccounts2022-06-012023-05-3109581572bus:PrivateLimitedCompanyLtd2022-06-012023-05-3109581572core:WithinOneYear2023-05-3109581572core:AfterOneYear2023-05-3109581572core:WithinOneYear2022-05-3109581572core:AfterOneYear2022-05-310958157212022-06-012023-05-3109581572core:ShareCapital2023-05-3109581572core:SharePremium2023-05-3109581572core:RevaluationReserve2023-05-3109581572core:OtherReservesSubtotal2023-05-3109581572core:RetainedEarningsAccumulatedLosses2023-05-3109581572core:ShareCapital2022-05-3109581572core:SharePremium2022-05-3109581572core:RevaluationReserve2022-05-3109581572core:OtherReservesSubtotal2022-05-3109581572core:RetainedEarningsAccumulatedLosses2022-05-3109581572core:LandBuildings2023-05-3109581572core:PlantMachinery2023-05-3109581572core:Vehicles2023-05-3109581572core:FurnitureFittings2023-05-3109581572core:OfficeEquipment2023-05-3109581572core:NetGoodwill2023-05-3109581572core:IntangibleAssetsOtherThanGoodwill2023-05-3109581572core:ListedExchangeTraded2023-05-3109581572core:UnlistedNon-exchangeTraded2023-05-3109581572core:LandBuildings2022-05-3109581572core:PlantMachinery2022-05-3109581572core:Vehicles2022-05-3109581572core:FurnitureFittings2022-05-3109581572core:OfficeEquipment2022-05-3109581572core:NetGoodwill2022-05-3109581572core:IntangibleAssetsOtherThanGoodwill2022-05-3109581572core:ListedExchangeTraded2022-05-3109581572core:UnlistedNon-exchangeTraded2022-05-3109581572core:LandBuildings2022-06-012023-05-3109581572core:PlantMachinery2022-06-012023-05-3109581572core:Vehicles2022-06-012023-05-3109581572core:FurnitureFittings2022-06-012023-05-3109581572core:OfficeEquipment2022-06-012023-05-3109581572core:NetGoodwill2022-06-012023-05-3109581572core:IntangibleAssetsOtherThanGoodwill2022-06-012023-05-3109581572core:ListedExchangeTraded2022-06-012023-05-3109581572core:UnlistedNon-exchangeTraded2022-06-012023-05-3109581572core:MoreThanFiveYears2022-06-012023-05-3109581572core:Non-currentFinancialInstruments2023-05-3109581572core:Non-currentFinancialInstruments2022-05-3109581572dpl:CostSales2022-06-012023-05-3109581572dpl:DistributionCosts2022-06-012023-05-3109581572core:LandBuildings2022-06-012023-05-3109581572core:PlantMachinery2022-06-012023-05-3109581572core:Vehicles2022-06-012023-05-3109581572core:FurnitureFittings2022-06-012023-05-3109581572core:OfficeEquipment2022-06-012023-05-3109581572dpl:AdministrativeExpenses2022-06-012023-05-3109581572core:NetGoodwill2022-06-012023-05-3109581572core:IntangibleAssetsOtherThanGoodwill2022-06-012023-05-3109581572dpl:GroupUndertakings2022-06-012023-05-3109581572dpl:ParticipatingInterests2022-06-012023-05-3109581572dpl:GroupUndertakingscore:ListedExchangeTraded2022-06-012023-05-3109581572core:ListedExchangeTraded2022-06-012023-05-3109581572dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-06-012023-05-3109581572core:UnlistedNon-exchangeTraded2022-06-012023-05-3109581572dpl:CostSales2021-06-012022-05-3109581572dpl:DistributionCosts2021-06-012022-05-3109581572core:LandBuildings2021-06-012022-05-3109581572core:PlantMachinery2021-06-012022-05-3109581572core:Vehicles2021-06-012022-05-3109581572core:FurnitureFittings2021-06-012022-05-3109581572core:OfficeEquipment2021-06-012022-05-3109581572dpl:AdministrativeExpenses2021-06-012022-05-3109581572core:NetGoodwill2021-06-012022-05-3109581572core:IntangibleAssetsOtherThanGoodwill2021-06-012022-05-3109581572dpl:GroupUndertakings2021-06-012022-05-3109581572dpl:ParticipatingInterests2021-06-012022-05-3109581572dpl:GroupUndertakingscore:ListedExchangeTraded2021-06-012022-05-3109581572core:ListedExchangeTraded2021-06-012022-05-3109581572dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-06-012022-05-3109581572core:UnlistedNon-exchangeTraded2021-06-012022-05-3109581572core:NetGoodwill2023-05-3109581572core:IntangibleAssetsOtherThanGoodwill2023-05-3109581572core:LandBuildings2023-05-3109581572core:PlantMachinery2023-05-3109581572core:Vehicles2023-05-3109581572core:FurnitureFittings2023-05-3109581572core:OfficeEquipment2023-05-3109581572core:AfterOneYear2023-05-3109581572core:WithinOneYear2023-05-3109581572core:ListedExchangeTraded2023-05-3109581572core:UnlistedNon-exchangeTraded2023-05-3109581572core:ShareCapital2023-05-3109581572core:SharePremium2023-05-3109581572core:RevaluationReserve2023-05-3109581572core:OtherReservesSubtotal2023-05-3109581572core:RetainedEarningsAccumulatedLosses2023-05-3109581572core:NetGoodwill2022-05-3109581572core:IntangibleAssetsOtherThanGoodwill2022-05-3109581572core:LandBuildings2022-05-3109581572core:PlantMachinery2022-05-3109581572core:Vehicles2022-05-3109581572core:FurnitureFittings2022-05-3109581572core:OfficeEquipment2022-05-3109581572core:AfterOneYear2022-05-3109581572core:WithinOneYear2022-05-3109581572core:ListedExchangeTraded2022-05-3109581572core:UnlistedNon-exchangeTraded2022-05-3109581572core:ShareCapital2022-05-3109581572core:SharePremium2022-05-3109581572core:RevaluationReserve2022-05-3109581572core:OtherReservesSubtotal2022-05-3109581572core:RetainedEarningsAccumulatedLosses2022-05-3109581572core:NetGoodwill2021-06-0109581572core:IntangibleAssetsOtherThanGoodwill2021-06-0109581572core:LandBuildings2021-06-0109581572core:PlantMachinery2021-06-0109581572core:Vehicles2021-06-0109581572core:FurnitureFittings2021-06-0109581572core:OfficeEquipment2021-06-0109581572core:AfterOneYear2021-06-0109581572core:WithinOneYear2021-06-0109581572core:ListedExchangeTraded2021-06-0109581572core:UnlistedNon-exchangeTraded2021-06-0109581572core:ShareCapital2021-06-0109581572core:SharePremium2021-06-0109581572core:RevaluationReserve2021-06-0109581572core:OtherReservesSubtotal2021-06-0109581572core:RetainedEarningsAccumulatedLosses2021-06-0109581572core:AfterOneYear2022-06-012023-05-3109581572core:WithinOneYear2022-06-012023-05-3109581572core:Non-currentFinancialInstrumentscore:CostValuation2022-06-012023-05-3109581572core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-06-012023-05-3109581572core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-06-012023-05-3109581572core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-06-012023-05-3109581572core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-06-012023-05-3109581572core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-06-012023-05-3109581572core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-06-012023-05-3109581572core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-06-012023-05-3109581572core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-06-012023-05-3109581572core:Non-currentFinancialInstrumentscore:CostValuation2023-05-3109581572core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-05-3109581572core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-05-3109581572core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-05-3109581572core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-05-3109581572core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-05-3109581572core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-05-3109581572core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-05-3109581572core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-05-3109581572core:Non-currentFinancialInstrumentscore:CostValuation2022-05-3109581572core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-05-3109581572core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-05-3109581572core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-05-3109581572core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-05-3109581572core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-05-3109581572core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-05-3109581572core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-05-3109581572core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-05-3109581572bus:Director12022-06-012023-05-31

Aerotech Systems Ltd

(formerly WELMAN GROUP LIMITED)

Registered Number
09581572
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2023

Aerotech Systems Ltd
Company Information
for the year from 1 June 2022 to 31 May 2023

Director

Graham Whiteman

Registered Address

5 Hill Top
Chadderton
Oldham
OL1 2SB

Registered Number

09581572 (England and Wales)
Aerotech Systems Ltd
Balance Sheet as at
31 May 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets53,7982,930
3,7982,930
Current assets
Stocks36,233-
Debtors63,82622,349
Cash at bank and on hand65,58376,850
105,64299,199
Creditors amounts falling due within one year7(108,941)(79,622)
Net current assets (liabilities)(3,299)19,577
Total assets less current liabilities49922,507
Provisions for liabilities8(184)(557)
Net assets31521,950
Capital and reserves
Called up share capital100100
Profit and loss account21521,850
Shareholders' funds31521,950
The financial statements were approved and authorised for issue by the Director on 29 November 2023, and are signed on its behalf by:
Graham Whiteman
Director
Registered Company No. 09581572
Aerotech Systems Ltd
Notes to the Financial Statements
for the year ended 31 May 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Stocks policy
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
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.
4.Employee information

20232022
Average number of employees during the year22
5.Property, plant and equipment

Total

£
Cost or valuation
At 01 June 2215,577
Disposals(9,674)
At 31 May 235,903
Depreciation and impairment
At 01 June 2212,647
Charge for year380
On disposals(8,264)
Other adjustments(2,658)
At 31 May 232,105
Net book value
At 31 May 233,798
At 31 May 222,930
6.Debtors

2023

2022

££
Trade debtors / trade receivables8407,200
Other debtors8039,705
Prepayments and accrued income2,1835,444
Total3,82622,349
7.Creditors within one year

2023

2022

££
Trade creditors / trade payables4,31342,196
Taxation and social security14,35516,996
Other creditors534,986
Accrued liabilities and deferred income90,22015,444
Total108,94179,622
8.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)184557
Total184557