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Satec Tooling Ltd
Registered Number:13906009
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
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
3
Registered Number :
13906009
As at 31 March 2024
Satec Tooling Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Intangible assets
43,500
46,750
2
Property, plant and equipment
484
704
3
43,984
47,454
Current assets
Inventories
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
Capital and reserves
Called up share capital
100
100
Retained earnings
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.
Mr S Shipley Director
Mr A Attwood Director
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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4
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.
Registered address:
28-29 New Road
Kidderminster
England
DY10 1AF
The presentation currency is £ sterling.
1. Accounting policies
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:
20% Straight line
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.
2 of 4
5
For the year ended 31 March 2024
Satec Tooling Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets
Other
Intangible
Assets
Cost or valuation
£
At 01 April 2023
50,000
At 31 March 2024
50,000
Amortisation
At 01 April 2023
3,250
3,250
Charge for year
At 31 March 2024
6,500
Net book value
At 31 March 2024
43,500
At 31 March 2023
46,750
3. Property, plant and equipment
Computer
Equipment
£
Cost or
valuation
At 01 April 2023
880
At 31 March 2024
880
Provision for depreciation and impairment
At 01 April 2023
176
Charge for year
220
At 31 March 2024
396
At 31 March 2024
Net book value
484
At 31 March 2023
704
4. Inventories
2023
2024
£
£
Stocks
12,000
2,221
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6
For the year ended 31 March 2024
Satec Tooling Ltd
Notes to the Financial Statements Continued
5. Trade and other receivables
2023
2024
£
£
Trade debtors
144,298
151,392
Other debtors
5,058
-
151,392
149,356
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
82,603
84,013
Taxation and social security
50,432
35,148
Other creditors
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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