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REGISTERED NUMBER: 01102876 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

ATEX EXPLOSION HAZARDS LIMITED

ATEX EXPLOSION HAZARDS LIMITED (REGISTERED NUMBER: 01102876)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ATEX EXPLOSION HAZARDS LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr F Alfert
Mr D Barry



SECRETARY: Mr D Barry



REGISTERED OFFICE: Unit 7 Cranford Court,
Hardwick Grange
Woolston
Warrington
WA1 4RX



REGISTERED NUMBER: 01102876 (England and Wales)



AUDITORS: BTMR Limited
Century Buildings
14 St Mary's Parsonage
Manchester
M3 2DF



BANKERS: Barclays Bank Plc
P O Box 159
55 Sankey Street
Warrington
WA1 1XO

ATEX EXPLOSION HAZARDS LIMITED (REGISTERED NUMBER: 01102876)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 205,124 189,217

CURRENT ASSETS
Stocks 94,893 96,260
Debtors 5 417,771 452,054
Cash at bank and in hand 637,804 894,218
1,150,468 1,442,532
CREDITORS
Amounts falling due within one year 6 410,710 669,780
NET CURRENT ASSETS 739,758 772,752
TOTAL ASSETS LESS CURRENT
LIABILITIES

944,882

961,969

CREDITORS
Amounts falling due after more than one
year

7

207,754

193,351
NET ASSETS 737,128 768,618

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 737,028 768,518
SHAREHOLDERS' FUNDS 737,128 768,618

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2024 and were signed on its behalf by:





Mr D Barry - Director


ATEX EXPLOSION HAZARDS LIMITED (REGISTERED NUMBER: 01102876)

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


1. STATUTORY INFORMATION

Atex Explosion Hazards 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.

Turnover
Turnover is accounted for as revenue when, and to the extent that, the company obtains a right to consideration in exchange for its performance of its obligations under the sales contract with the customer. The amount reported as revenue is the fair value of the right to consideration - usually the price specified in the contractual agreement net of discounts and net of VAT, and after any allowance for credit risk and uncertainties.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost

Tangible fixed assets are initially recorded at cost.

Stocks
Stock and work in progress is valued at the lower of cost and estimated selling price less costs to sell and after making due allowance for obsolete and slow moving stock.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.

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.

Financial instruments
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities, such as equity share capital.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Provisions
Provision is made for claims against the company under warranties in the sales contract with customers. The amount of the provision is based upon the company's experience of past claims and its knowledge of faults claimed in the past and expected claims arising before the company's year end.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

ATEX EXPLOSION HAZARDS LIMITED (REGISTERED NUMBER: 01102876)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023 199,421 2,062 15,262 104,852 321,597
Additions - - 6,914 33,990 40,904
Disposals - - - (24,877 ) (24,877 )
At 31 December 2023 199,421 2,062 22,176 113,965 337,624
DEPRECIATION
At 1 January 2023 31,907 1,462 11,636 87,375 132,380
Charge for year 3,989 125 3,002 17,881 24,997
Eliminated on disposal - - - (24,877 ) (24,877 )
At 31 December 2023 35,896 1,587 14,638 80,379 132,500
NET BOOK VALUE
At 31 December 2023 163,525 475 7,538 33,586 205,124
At 31 December 2022 167,514 600 3,626 17,477 189,217

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 401,119 423,070
Amounts owed by participating interests 570 -
Other debtors 16,082 28,984
417,771 452,054

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 3,975 4,789
Amounts owed to group undertakings 87,368 316,353
Amounts owed to participating interests 207,754 193,351
Taxation and social security 88,509 144,303
Other creditors 23,104 10,984
410,710 669,780

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed to participating interests 207,754 193,351

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

The Report of the Auditors was unqualified.

Susan Haworth (Senior Statutory Auditor)
for and on behalf of BTMR Limited

ATEX EXPLOSION HAZARDS LIMITED (REGISTERED NUMBER: 01102876)

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


9. RELATED PARTY DISCLOSURES

Atex Explosionsschutz GmbH

Atex Explosionsschutz GmbH, incorporated in Germany, is the parent company of Atex Explosion Hazards Limited by virtue of its ownership of 70% of the issued shares.

Explosion Hazards Ireland Limited

Explosion Hazards Ireland Limited is a company which is registered in Ireland and which is owned 100% by Mr D Barry. Mr D Barry is managing director of Atex Explosion Hazards Limited.

Mr D Barry

Mr D Barry, the managing director of Atex Explosion Hazards Limited, has given a guarantee limited to £15,000 to Barclays Bank PLC as security for the company's overdraft.

All transactions between related parties were undertaken at arm's length for bona fide commercial reasons.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr F Alfert.

The company is a 70% subsidiary of Atex Explosionsschutz GmbH, a company incorporated in Germany, which is the controlling party and ultimate parent undertaking. That company is controlled by Franz Alfert, who is a director and 100% shareholder.