Registered Number:13906009 |
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2024
Satec Tooling Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Satec Tooling Ltd
Statement of Financial Position
2023
2024
43,500
46,750
2
Property, plant and equipment |
484
704
3
43,984
47,454
2,221
12,000
4
Trade and other receivables |
151,392
149,356
5
63,987
Cash and cash equivalents |
44,183
205,539
217,600
Trade and other payables: amounts falling due within one |
year |
(213,031)
(135,035)
6
4,569
70,504
Net current assets
Total assets less current liabilities |
114,488
52,023
114,488
Net assets
52,023
100
100
114,388
51,923
114,488
52,023
Shareholders' funds
For the year ended 31 March 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
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 proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 12 April 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 March 2024
Satec Tooling Ltd
Notes to the Financial Statements
Statutory Information
Satec Tooling Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number |
13906009. |
28-29 New Road
Kidderminster
England
DY10 1AF
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer Equipment
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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For the year ended 31 March 2024
Satec Tooling Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets |
50,000
50,000
3,250
3,250
Charge for year
6,500
43,500
46,750
3. Property, plant and equipment |
880
880
Provision for depreciation and impairment |
176
Charge for year
220
396
484
704
2023
2024
12,000
2,221
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For the year ended 31 March 2024
Satec Tooling Ltd
Notes to the Financial Statements Continued
5. Trade and other receivables |
2023
2024
144,298
151,392
5,058
-
151,392
149,356
6. Trade and other payables: amounts falling due within one year |
2023
2024
82,603
84,013
Taxation and social security |
50,432
35,148
2,000
93,870
135,035
213,031
7. Average number of persons employed |
During the year the average number of employees was 3 (2023 : 3)
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