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REGISTERED NUMBER: 00896426 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

AKRAMATIC ENGINEERING CO. LIMITED

AKRAMATIC ENGINEERING CO. LIMITED (REGISTERED NUMBER: 00896426)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AKRAMATIC ENGINEERING CO. LIMITED

Company Information
for the year ended 31 March 2024







DIRECTORS: SA Constance
T A Constance
S Maguire





SECRETARY: T A Constance





REGISTERED OFFICE: Keys Road
Nix's Hill Industrial Estate
Alfreton
Derbyshire
DE55 7GN





REGISTERED NUMBER: 00896426 (England and Wales)






AKRAMATIC ENGINEERING CO. LIMITED (REGISTERED NUMBER: 00896426)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,186,181 981,208
Investments 5 620,098 620,098
1,806,279 1,601,306

CURRENT ASSETS
Stocks 176,813 234,023
Debtors 6 706,478 1,021,983
Investments 7 742,085 -
Cash at bank 249,325 638,051
1,874,701 1,894,057
CREDITORS
Amounts falling due within one year 8 430,536 619,356
NET CURRENT ASSETS 1,444,165 1,274,701
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,250,444

2,876,007

CREDITORS
Amounts falling due after more than one
year

9

(18,000

)

(54,000

)

PROVISIONS FOR LIABILITIES (8,509 ) -
NET ASSETS 3,223,935 2,822,007

CAPITAL AND RESERVES
Called up share capital 10,800 10,800
Fair value reserve 10 407,434 381,906
Retained earnings 2,805,701 2,429,301
SHAREHOLDERS' FUNDS 3,223,935 2,822,007

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

AKRAMATIC ENGINEERING CO. LIMITED (REGISTERED NUMBER: 00896426)

Balance Sheet - continued
31 March 2024


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 August 2024 and were signed on its behalf by:





SA Constance - Director


AKRAMATIC ENGINEERING CO. LIMITED (REGISTERED NUMBER: 00896426)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Akramatic Engineering Co. 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 as modified by the revaluation of certain assets.

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.
Freehold property - 2% on cost
Plant and machinery - at varying rates on cost
Fixtures and fittings - at varying rates on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less impairment.

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.

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


AKRAMATIC ENGINEERING CO. LIMITED (REGISTERED NUMBER: 00896426)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2023 - 33 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 April 2023 963,164 1,759,721 135,915 2,858,800
Additions - 326,478 2,582 329,060
Disposals - (36,015 ) - (36,015 )
At 31 March 2024 963,164 2,050,184 138,497 3,151,845
DEPRECIATION
At 1 April 2023 243,384 1,498,628 135,580 1,877,592
Charge for year 20,024 102,945 1,118 124,087
Eliminated on disposal - (36,015 ) - (36,015 )
At 31 March 2024 263,408 1,565,558 136,698 1,965,664
NET BOOK VALUE
At 31 March 2024 699,756 484,626 1,799 1,186,181
At 31 March 2023 719,780 261,093 335 981,208

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 620,098
NET BOOK VALUE
At 31 March 2024 620,098
At 31 March 2023 620,098

Cost or valuation at 31 March 2024 is represented by:

Shares in
group
undertakings
£   
Cost 620,098

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 562,917 677,524
Amounts owed by group undertakings 1,813 1,813
Other debtors 141,748 342,646
706,478 1,021,983

AKRAMATIC ENGINEERING CO. LIMITED (REGISTERED NUMBER: 00896426)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 742,085 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 36,000 36,000
Trade creditors 131,622 401,393
Taxation and social security 180,278 94,410
Other creditors 82,636 87,553
430,536 619,356

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 18,000 54,000

10. RESERVES
Fair
value
reserve
£   
At 1 April 2023 381,906
Revaluations 25,528

At 31 March 2024 407,434

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Other debtors includes a loan made to a director. The amount outstanding at 31st March 2024 was £111,121 (2023: £108,676). Interest is charged on this loan at a market rate. The loan is repayable on demand.

12. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr S.A. & Mrs T.A. Constance, the directors and shareholders.