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REGISTERED NUMBER: 02896068 (England and Wales)















ATEQ UK LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






ATEQ UK LIMITED (REGISTERED NUMBER: 02896068)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 DECEMBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


ATEQ UK LIMITED

COMPANY INFORMATION
For The Year Ended 31 DECEMBER 2023







DIRECTORS: J M M Mouchet
L B Gerard



SECRETARY: M A Athersmith



REGISTERED OFFICE: Unit 71
Heming Road
Washford Industrial Estate
Redditch
Worcestershire
B98 0EA



REGISTERED NUMBER: 02896068 (England and Wales)



SENIOR STATUTORY AUDITOR: Richard James Beresford



AUDITORS: Charles Lovell & Co Limited
Chartered Certified Accountants
and Statutory Auditors
8 Church Green East
Redditch
Worcestershire
B98 8BP

ATEQ UK LIMITED (REGISTERED NUMBER: 02896068)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,800 3,738

CURRENT ASSETS
Stocks 47,029 52,141
Debtors 5 153,585 241,460
Cash at bank 539,071 286,957
739,685 580,558
CREDITORS
Amounts falling due within one year 6 125,104 90,620
NET CURRENT ASSETS 614,581 489,938
TOTAL ASSETS LESS CURRENT
LIABILITIES

621,381

493,676

PROVISIONS FOR LIABILITIES 1,700 710
NET ASSETS 619,681 492,966

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 609,681 482,966
SHAREHOLDERS' FUNDS 619,681 492,966

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 and authorised for issue by the Board of Directors and authorised for issue on 19 February 2024 and were signed on its behalf by:





L B Gerard - Director


ATEQ UK LIMITED (REGISTERED NUMBER: 02896068)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 DECEMBER 2023


1. STATUTORY INFORMATION

ATEQ UK 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.

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.

Related party exemption
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.

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 - 25% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% 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.

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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

ATEQ UK LIMITED (REGISTERED NUMBER: 02896068)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

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 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 32,777 26,165 12,219 71,161
Additions 276 2,613 4,591 7,480
Disposals (1,895 ) - (3,407 ) (5,302 )
At 31 December 2023 31,158 28,778 13,403 73,339
DEPRECIATION
At 1 January 2023 30,712 24,910 11,801 67,423
Charge for year 785 1,602 1,664 4,051
Eliminated on disposal (1,895 ) - (3,040 ) (4,935 )
At 31 December 2023 29,602 26,512 10,425 66,539
NET BOOK VALUE
At 31 December 2023 1,556 2,266 2,978 6,800
At 31 December 2022 2,065 1,255 418 3,738

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 124,580 201,941
Amounts owed by group undertakings 11,740 -
Other debtors 17,265 39,519
153,585 241,460

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 5,049 3,017
Amounts owed to group undertakings 433 35,427
Taxation and social security 52,054 19,924
Other creditors 67,568 32,252
125,104 90,620

ATEQ UK LIMITED (REGISTERED NUMBER: 02896068)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 DECEMBER 2023


7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Richard James Beresford (Senior Statutory Auditor)
for and on behalf of Charles Lovell & Co Limited

8. OTHER FINANCIAL COMMITMENTS

The company had total commitments at the balance sheet date of £92,549 (2022 - £85,256).

9. RELATED PARTY DISCLOSURES

During the year the company had net sales to Ateq S.A, the parent company of £105,339.42 (2022: £95,882.98) and purchases of £287,784.14 (2022: £195,070.02). The company was owed from Ateq S.A. £11,740.08 at the balance sheet date (2022: The company owed to Ateq S. A. £17,579.26).

During the year the company had net purchases of £888.84 (2022: £455.46) from Ateq Canada, an associated company. The company owed Ateq Canada £433.38 at the balance sheet date (2022: £455.46).

During the year the company had net purchases of £5,472.13 (2022: £Nil) from Ateq Europe, an associated company. The company owed Ateq Europe £nil at the balance sheet date (2022: £Nil).

10. ULTIMATE CONTROLLING PARTY

The controlling party is ATEQ, France.