IRIS Accounts Production v24.2.0.383 03303461 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh033034612022-12-31033034612023-12-31033034612023-01-012023-12-31033034612021-12-31033034612022-01-012022-12-31033034612022-12-3103303461ns15:EnglandWales2023-01-012023-12-3103303461ns14:PoundSterling2023-01-012023-12-3103303461ns10:Director12023-01-012023-12-3103303461ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3103303461ns10:SmallEntities2023-01-012023-12-3103303461ns10:AuditExemptWithAccountantsReport2023-01-012023-12-3103303461ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3103303461ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3103303461ns10:FullAccounts2023-01-012023-12-310330346112023-01-012023-12-3103303461ns10:Director22023-01-012023-12-3103303461ns10:CompanySecretary12023-01-012023-12-3103303461ns10:RegisteredOffice2023-01-012023-12-3103303461ns5:CurrentFinancialInstruments2023-12-3103303461ns5:CurrentFinancialInstruments2022-12-3103303461ns5:Non-currentFinancialInstruments2023-12-3103303461ns5:Non-currentFinancialInstruments2022-12-3103303461ns5:ShareCapital2023-12-3103303461ns5:ShareCapital2022-12-3103303461ns5:RetainedEarningsAccumulatedLosses2023-12-3103303461ns5:RetainedEarningsAccumulatedLosses2022-12-3103303461ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3103303461ns5:PatentsTrademarksLicencesConcessionsSimilar2023-01-012023-12-3103303461ns5:PatentsTrademarksLicencesConcessionsSimilar2022-12-3103303461ns5:PatentsTrademarksLicencesConcessionsSimilar2023-12-3103303461ns5:PatentsTrademarksLicencesConcessionsSimilar2022-12-3103303461ns5:FurnitureFittings2022-12-3103303461ns5:MotorVehicles2022-12-3103303461ns5:ComputerEquipment2022-12-3103303461ns5:FurnitureFittings2023-01-012023-12-3103303461ns5:MotorVehicles2023-01-012023-12-3103303461ns5:ComputerEquipment2023-01-012023-12-3103303461ns5:FurnitureFittings2023-12-3103303461ns5:MotorVehicles2023-12-3103303461ns5:ComputerEquipment2023-12-3103303461ns5:FurnitureFittings2022-12-3103303461ns5:MotorVehicles2022-12-3103303461ns5:ComputerEquipment2022-12-3103303461ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3103303461ns5:WithinOneYearns5:CurrentFinancialInstruments2022-12-3103303461ns5:Secured2023-12-3103303461ns5:Secured2022-12-3103303461ns5:RetainedEarningsAccumulatedLosses2022-12-3103303461ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-31
REGISTERED NUMBER: 03303461 (England and Wales)















AUTOMATED TECHNOLOGY EUROPE LIMITED

Unaudited Financial Statements for the Year Ended 31 December 2023






AUTOMATED TECHNOLOGY EUROPE LIMITED (REGISTERED NUMBER: 03303461)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 4 to 6


AUTOMATED TECHNOLOGY EUROPE LIMITED

Company Information
for the year ended 31 December 2023







Directors: C Carberry
A Howlett



Secretary: A Howlett



Registered office: Ysgubor Celyn
Llanarmon Mynydd Mawr
Llanrhaeadr Ym Mochnant
Powys
SY10 0EB



Registered number: 03303461 (England and Wales)



Accountants: Cooper Parry Advisory Limited
CUBO Birmingham
3rd Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX



Bankers: HSBC
90 High Street
Coleshill
Birmingham
West Midlands
B46 3AQ

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Automated Technology Europe Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Automated Technology Europe Limited for the year ended 31 December 2023 which comprise the Statement of Comprehensive Income, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Automated Technology Europe Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Automated Technology Europe Limited and state those matters that we have agreed to state to the Board of Directors of Automated Technology Europe Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Automated Technology Europe Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Automated Technology Europe Limited. You consider that Automated Technology Europe Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Automated Technology Europe Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cooper Parry Advisory Limited
CUBO Birmingham
3rd Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX


25 September 2024

AUTOMATED TECHNOLOGY EUROPE LIMITED (REGISTERED NUMBER: 03303461)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 7,532 460
7,532 460

Current assets
Debtors 6 57,527 51,637
Cash at bank 98 97
57,625 51,734
Creditors
Amounts falling due within one year 7 129,817 94,787
Net current liabilities (72,192 ) (43,053 )
Total assets less current liabilities (64,660 ) (42,593 )

Creditors
Amounts falling due after more than one year 8 283,152 283,152
Net liabilities (347,812 ) (325,745 )

Capital and reserves
Called up share capital 500 500
Retained earnings 10 (348,312 ) (326,245 )
Shareholders' funds (347,812 ) (325,745 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

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

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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:




C Carberry - Director


AUTOMATED TECHNOLOGY EUROPE LIMITED (REGISTERED NUMBER: 03303461)

Notes to the Financial Statements
for the year ended 31 December 2023

1. Statutory information

Automated Technology Europe 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at costless any accumulated amortisation and any accumulated impairment losses.

Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Patents and licences - Over 10 years

The useful economic life of patents and licences has been revised to 10 years.

Fixed assets
All fixed assets are initially recorded at cost.

Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value,over the useful economic life of that asset as follows:

Fixtures and fittings - 25 % straight line
Motor vehicles - 25 % straight line
Computer equipment - 25 % straight line

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 the transaction. Exchange differences are taken into account in arriving at the operating profit.

AUTOMATED TECHNOLOGY EUROPE LIMITED (REGISTERED NUMBER: 03303461)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

2. Accounting policies - continued

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

4. Intangible fixed assets
Patents
and
licences
£   
Cost
At 1 January 2023
and 31 December 2023 556,293
Amortisation
At 1 January 2023
and 31 December 2023 556,293
Net book value
At 31 December 2023 -
At 31 December 2022 -

5. Tangible fixed assets
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Cost
At 1 January 2023 6,441 11,260 37,636 55,337
Additions - 5,500 2,249 7,749
At 31 December 2023 6,441 16,760 39,885 63,086
Depreciation
At 1 January 2023 6,441 11,260 37,176 54,877
Charge for year - - 677 677
At 31 December 2023 6,441 11,260 37,853 55,554
Net book value
At 31 December 2023 - 5,500 2,032 7,532
At 31 December 2022 - - 460 460

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Other debtors 57,527 51,637

AUTOMATED TECHNOLOGY EUROPE LIMITED (REGISTERED NUMBER: 03303461)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 21,155 15,560
Taxation and social security 1 1
Other creditors 108,661 79,226
129,817 94,787

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 283,152 283,152

9. Secured debts

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 283,152 283,152

10. Reserves
Retained
earnings
£   

At 1 January 2023 (326,245 )
Deficit for the year (22,067 )
At 31 December 2023 (348,312 )

11. Related party transactions

C R Carberry, a director of the company, has the controlling interest in the share capital of the company.

The directors each have a loan account with the company. At the year end there was a balance of £107,435 owed to C R Carberry (2022: £77,700), and a balance of £26 owed to A J Howlett (2022: £26).

There is a balance in other debtors of £52,851 (2022: £50,515) due from Lowry Industries Limited, a company owned by Mr C R Carberry.