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Registered number: 02783785
Assembly Circuit Technology Limited
Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 02783785
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 98,761 102,058
98,761 102,058
CURRENT ASSETS
Debtors 5 237 226
Cash at bank and in hand 346,125 347,315
346,362 347,541
Creditors: Amounts Falling Due Within One Year 6 (63,638 ) (53,664 )
NET CURRENT ASSETS (LIABILITIES) 282,724 293,877
TOTAL ASSETS LESS CURRENT LIABILITIES 381,485 395,935
NET ASSETS 381,485 395,935
CAPITAL AND RESERVES
Called up share capital 7 10 10
Profit and Loss Account 381,475 395,925
SHAREHOLDERS' FUNDS 381,485 395,935
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Michael Coleman
Director
18th October 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Assembly Circuit Technology Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02783785 . The registered office is The Courtyard, The Office Village, River Way, Uckfield, TH22 1SL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% straight line
Plant & Machinery 25% reducing balance
Computer Equipment 25% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 February 2023 164,480 12,912 177,392
As at 31 January 2024 164,480 12,912 177,392
Depreciation
As at 1 February 2023 62,449 12,885 75,334
Provided during the period 3,290 7 3,297
As at 31 January 2024 65,739 12,892 78,631
Net Book Value
As at 31 January 2024 98,741 20 98,761
As at 1 February 2023 102,031 27 102,058
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 37 26
Other debtors 200 200
237 226
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 19 19
Other creditors 1,558 1,584
Director's loan account 62,061 52,061
63,638 53,664
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
Page 4