AUTOTECH ROBOTICS LIMITED

Company Registration Number:
02387261 (England and Wales)

Unaudited abridged accounts for the year ended 29 June 2023

Period of accounts

Start date: 01 July 2022

End date: 29 June 2023

AUTOTECH ROBOTICS LIMITED

Contents of the Financial Statements

for the Period Ended 29 June 2023

Balance sheet
Notes

AUTOTECH ROBOTICS LIMITED

Balance sheet

As at 29 June 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 24,716 7,835
Total fixed assets: 24,716 7,835
Current assets
Stocks: 502,993 363,808
Debtors:   974,521 1,117,520
Cash at bank and in hand: 75,314 15,696
Total current assets: 1,552,828 1,497,024
Creditors: amounts falling due within one year: 4 (916,623) (1,037,664)
Net current assets (liabilities): 636,205 459,360
Total assets less current liabilities: 660,921 467,195
Creditors: amounts falling due after more than one year: 5 (79,636) (133,732)
Total net assets (liabilities): 581,285 333,463
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 581,185 333,363
Shareholders funds: 581,285 333,463

The notes form part of these financial statements

AUTOTECH ROBOTICS LIMITED

Balance sheet statements

For the year ending 29 June 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 15 October 2024
and signed on behalf of the board by:

Name: W C Griffiths
Status: Director

The notes form part of these financial statements

AUTOTECH ROBOTICS LIMITED

Notes to the Financial Statements

for the Period Ended 29 June 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 and depreciation policy

Depreciation is provided at annual rates in order to write off each asset over its estimated useful life.

Other accounting policies

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. 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 liabilites or other future taxable profits. 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.

AUTOTECH ROBOTICS LIMITED

Notes to the Financial Statements

for the Period Ended 29 June 2023

2. Employees

2023 2022
Average number of employees during the period 11 8

AUTOTECH ROBOTICS LIMITED

Notes to the Financial Statements

for the Period Ended 29 June 2023

3. Tangible Assets

Total
Cost £
At 01 July 2022 86,602
Additions 22,661
At 29 June 2023 109,263
Depreciation
At 01 July 2022 78,767
Charge for year 5,780
At 29 June 2023 84,547
Net book value
At 29 June 2023 24,716
At 30 June 2022 7,835

AUTOTECH ROBOTICS LIMITED

Notes to the Financial Statements

for the Period Ended 29 June 2023

4. Creditors: amounts falling due within one year note

£ £ Bank loans and overdrafts 58,862 50,790 Trade creditors 276,314 231,618 Taxation and social security 235,024 184,547 Other Creditors 346,423 570,709

AUTOTECH ROBOTICS LIMITED

Notes to the Financial Statements

for the Period Ended 29 June 2023

5. Creditors: amounts falling due after more than one year note

2023 2022 £ £ Bank Loans 79,636 133,732