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REGISTERED NUMBER: 04907114 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

AEC Automation Limited

AEC Automation Limited (Registered number: 04907114)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


AEC Automation Limited (Registered number: 04907114)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 72,286 23,998

CURRENT ASSETS
Stocks 8,000 5,000
Debtors 5 130,948 53,306
Cash at bank 25,445 1,890
164,393 60,196
CREDITORS
Amounts falling due within one year 6 327,190 238,683
NET CURRENT LIABILITIES (162,797 ) (178,487 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(90,511

)

(154,489

)

CREDITORS
Amounts falling due after more than one
year

7

(64,609

)

(29,040

)

PROVISIONS FOR LIABILITIES (13,734 ) (5,964 )
NET LIABILITIES (168,854 ) (189,493 )

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings (168,864 ) (189,503 )
SHAREHOLDERS' FUNDS (168,854 ) (189,493 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

AEC Automation Limited (Registered number: 04907114)

Balance Sheet - continued
31 December 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 15 February 2024 and were signed on its behalf by:





C Hall - Director


AEC Automation Limited (Registered number: 04907114)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

AEC Automation Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04907114

Registered office: Unit 40 Harmill Industrial Estate
Grovebury Road
Leighton Buzzard
Bedfordshire
LU7 4FF

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 etc - 25% on reducing balance and 20% on reducing balance

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

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.


AEC Automation Limited (Registered number: 04907114)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 59,403
Additions 72,238
At 31 December 2023 131,641
DEPRECIATION
At 1 January 2023 35,405
Charge for year 23,950
At 31 December 2023 59,355
NET BOOK VALUE
At 31 December 2023 72,286
At 31 December 2022 23,998

AEC Automation Limited (Registered number: 04907114)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 59,562 32,907
Other debtors 71,386 20,399
130,948 53,306

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 131,288 135,413
Hire purchase contracts 11,570 -
Trade creditors 134,136 46,346
Taxation and social security 7,543 5,449
Other creditors 42,653 51,475
327,190 238,683

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 19,273 29,040
Hire purchase contracts 45,336 -
64,609 29,040

8. RELATED PARTY DISCLOSURES

The dividends are paid to the director who owns the whole of the issued share capital.