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REGISTERED NUMBER: 05842866 (England and Wales)










Financial Statements

for the Year Ended 30 June 2023

for

Automation with Control Ltd

Automation with Control Ltd (Registered number: 05842866)






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


Automation with Control Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTORS: M Bell
S Bell





REGISTERED OFFICE: Eshton Suite 2 Wynyard Business Park
Wynyard Avenue
Billingham
Cleveland
TS22 5TB





REGISTERED NUMBER: 05842866 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Wynyard Business Park
Wynyard Avenue
Billingham
Cleveland
TS22 5TB

Automation with Control Ltd (Registered number: 05842866)

Balance Sheet
30 June 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 3 70,250 62,906

CURRENT ASSETS
Stocks 31,053 54,689
Debtors 4 90,630 128,600
Cash at bank 135,415 175,438
257,098 358,727
CREDITORS
Amounts falling due within one year 5 (30,108 ) (82,792 )
NET CURRENT ASSETS 226,990 275,935
TOTAL ASSETS LESS CURRENT
LIABILITIES

297,240

338,841

CREDITORS
Amounts falling due after more than one year 6 - (13,158 )

PROVISIONS FOR LIABILITIES (11,557 ) (11,952 )
NET ASSETS 285,683 313,731

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 285,483 313,531
285,683 313,731

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 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.

Automation with Control Ltd (Registered number: 05842866)

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 Board of Directors and authorised for issue on 11 March 2024 and were signed on its behalf by:





M Bell - Director


Automation with Control Ltd (Registered number: 05842866)

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.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Automation with Control Ltd (Registered number: 05842866)

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

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 6 ) .

3. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 July 2022 133,439 42,718 96,821 272,978
Additions 6,997 - 32,601 39,598
Disposals (22,693 ) (4,033 ) (60,417 ) (87,143 )
At 30 June 2023 117,743 38,685 69,005 225,433
DEPRECIATION
At 1 July 2022 104,982 32,919 72,171 210,072
Charge for year 11,652 3,171 17,251 32,074
Eliminated on disposal (22,693 ) (3,853 ) (60,417 ) (86,963 )
At 30 June 2023 93,941 32,237 29,005 155,183
NET BOOK VALUE
At 30 June 2023 23,802 6,448 40,000 70,250
At 30 June 2022 28,457 9,799 24,650 62,906

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 83,444 123,708
Prepayments and accrued income 7,186 4,892
90,630 128,600

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 7,561
Trade creditors 6,457 47,161
Social security and other tax 1,766 3,647
VAT 17,018 21,935
Directors' current accounts 623 90
Accruals and deferred income 4,244 2,398
30,108 82,792

Automation with Control Ltd (Registered number: 05842866)

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

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts - 13,158