IRIS Accounts Production v23.3.1.45 07428414 Board of Directors 1.12.22 30.11.23 30.11.23 false true false false false true false Ordinary 1.00000 Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh074284142022-11-30074284142023-11-30074284142022-12-012023-11-30074284142021-11-30074284142021-12-012022-11-30074284142022-11-3007428414ns10:Originalns15:EnglandWales2022-12-012023-11-3007428414ns14:PoundSterlingns10:Original2022-12-012023-11-3007428414ns10:Originalns10:Director12022-12-012023-11-3007428414ns10:Original2022-12-012023-11-3007428414ns10:Original2023-11-3007428414ns10:Originalns10:PrivateLimitedCompanyLtd2022-12-012023-11-3007428414ns10:Originalns10:SmallEntities2022-12-012023-11-3007428414ns10:Originalns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3007428414ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3007428414ns10:SmallCompaniesRegimeForAccountsns10:Original2022-12-012023-11-3007428414ns10:Originalns10:FullAccounts2022-12-012023-11-3007428414ns10:Original12022-12-012023-11-3007428414ns10:Originalns10:OrdinaryShareClass12022-12-012023-11-3007428414ns10:Originalns10:Director22022-12-012023-11-3007428414ns10:Originalns10:Director32022-12-012023-11-3007428414ns10:Originalns10:RegisteredOffice2022-12-012023-11-3007428414ns10:Original2022-11-3007428414ns10:Originalns5:CurrentFinancialInstruments2023-11-3007428414ns10:Originalns5:CurrentFinancialInstruments2022-11-3007428414ns10:Originalns5:Non-currentFinancialInstruments2023-11-3007428414ns10:Originalns5:Non-currentFinancialInstruments2022-11-3007428414ns5:ShareCapitalns10:Original2023-11-3007428414ns5:ShareCapitalns10:Original2022-11-3007428414ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-11-3007428414ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-11-3007428414ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-12-012023-11-3007428414ns10:Originalns5:PlantMachinery2022-12-012023-11-3007428414ns10:Originalns5:FurnitureFittings2022-12-012023-11-3007428414ns10:Originalns5:MotorVehicles2022-12-012023-11-3007428414ns10:Original2021-12-012022-11-3007428414ns10:Originalns5:NetGoodwill2022-11-3007428414ns10:Originalns5:NetGoodwill2023-11-3007428414ns10:Originalns5:NetGoodwill2022-11-3007428414ns10:Originalns5:PlantMachinery2022-11-3007428414ns10:Originalns5:FurnitureFittings2022-11-3007428414ns10:Originalns5:MotorVehicles2022-11-3007428414ns10:Original2022-11-3007428414ns10:Originalns5:PlantMachinery2023-11-3007428414ns10:Originalns5:FurnitureFittings2023-11-3007428414ns10:Originalns5:MotorVehicles2023-11-3007428414ns10:Originalns5:PlantMachinery2022-11-3007428414ns10:Originalns5:FurnitureFittings2022-11-3007428414ns10:Originalns5:MotorVehicles2022-11-3007428414ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3007428414ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3007428414ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-11-3007428414ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-11-3007428414ns10:Originalns10:OrdinaryShareClass12023-11-30
REGISTERED NUMBER: 07428414 (England and Wales)





















AUSTEC (UK) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023






AUSTEC (UK) LIMITED (REGISTERED NUMBER: 07428414)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


AUSTEC (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: D J Austin
D Tucker
Mrs L T Austin





REGISTERED OFFICE: 22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ





REGISTERED NUMBER: 07428414 (England and Wales)





ACCOUNTANTS: Phipps Henson McAllister
Chartered Accountants
22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ

AUSTEC (UK) LIMITED (REGISTERED NUMBER: 07428414)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 21,851 38,696
21,851 38,696

CURRENT ASSETS
Debtors 6 72,717 58,544
Cash at bank 8,427 38,100
81,144 96,644
CREDITORS
Amounts falling due within one year 7 98,032 98,037
NET CURRENT LIABILITIES (16,888 ) (1,393 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4,963 37,303

CREDITORS
Amounts falling due after more than one
year

8

-

(7,397

)

PROVISIONS FOR LIABILITIES (4,152 ) (7,352 )
NET ASSETS 811 22,554

CAPITAL AND RESERVES
Called up share capital 9 300 300
Retained earnings 511 22,254
SHAREHOLDERS' FUNDS 811 22,554

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

AUSTEC (UK) LIMITED (REGISTERED NUMBER: 07428414)

BALANCE SHEET - continued
30 NOVEMBER 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2024 and were signed on its behalf by:





D J Austin - Director


AUSTEC (UK) LIMITED (REGISTERED NUMBER: 07428414)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Austec (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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - Straight line over 3 years
Fixtures and fittings - Straight line over 3 years
Motor vehicles - Straight line over 3 years

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.

AUSTEC (UK) LIMITED (REGISTERED NUMBER: 07428414)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 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.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 25,000
AMORTISATION
At 1 December 2022
and 30 November 2023 25,000
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

AUSTEC (UK) LIMITED (REGISTERED NUMBER: 07428414)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
Equipment fittings vehicles Totals
£    £    £    £   
COST
At 1 December 2022 1,906 1,637 109,736 113,279
Additions - - 3,750 3,750
At 30 November 2023 1,906 1,637 113,486 117,029
DEPRECIATION
At 1 December 2022 1,906 1,637 71,040 74,583
Charge for year - - 20,595 20,595
At 30 November 2023 1,906 1,637 91,635 95,178
NET BOOK VALUE
At 30 November 2023 - - 21,851 21,851
At 30 November 2022 - - 38,696 38,696

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 54,836 56,616
Other debtors 17,881 1,928
72,717 58,544

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,110 10,000
Trade creditors 6,114 9,809
Corporation tax 8,656 570
VAT 7,899 19,261
Directors' current accounts 68,253 58,397
98,032 98,037

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years - 7,397

AUSTEC (UK) LIMITED (REGISTERED NUMBER: 07428414)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
300 Ordinary £1 300 300

10. ULTIMATE CONTROLLING PARTY

D J Austin and his wife Mrs L T Austin are the controlling parties.