Registrar
Registration number:
AATI Architectural Limited
for the Year Ended 31 March 2024
AATI Architectural Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
AATI Architectural Limited
Company Information
Directors |
DG Bisset R Oxborough H J Bisset |
Registered office |
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Solicitors |
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Bankers |
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Accountants |
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AATI Architectural Limited
(Registration number: 01841189)
Balance Sheet as at 31 March 2024
Note |
2024 |
2023 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks and work in progress |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Revaluation reserve |
803 |
- |
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Retained earnings |
241,849 |
205,819 |
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Shareholders' funds |
242,752 |
205,919 |
For the financial 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.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
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AATI Architectural Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office and the principal place of business is:
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention.
These financial statements are presented in Sterling (£), which is the company's functional currency.
Changes in accounting estimate
Changes in depreciation policy
Plant and machinery depreciation policy has changed in the year from 15% reducing balance to straight line over 3-50 years.
The change in this policy was considered by the directors to be more appropriate due to the valuation undertaken in the year. This change has taken effect from the valuation date of 31/03/2024.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of manufactured cast metal products and building facades. Turnover is shown net of value added tax, returns and discounts.
The company recognises revenue when:
• the amount of revenue can be reliably measured;
• it is probable that future economic benefits will flow to the entity;
• and specific criteria have been met for each of the company's activities.
Tax
Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
AATI Architectural Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
All assets have been revalued in the year to market value.
Depreciation
Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Plant, machinery and standard patterns |
Straight line over 3-50 years |
Trade debtors
Trade debtors are amounts due from customers for the sale of metal building facades in the ordinary course of business.
Stocks
Stocks are stated at the lower of cost, after making due allowances for obsolete and slow moving items and estimated selling price less costs to complete and sell.
Cost represents the expenditure incurred in bringing each product to its present location and condition as follows:
Raw Materials – Purchase cost
Finished goods – Cost of direct materials, transport and labour
Work in Progress represents the proportion of the job complete at the year end. It includes all direct expenditure and an appropriate proportion of fixed and variable overheads, and is uplifted to the sales value.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Share capital
Ordinary shares are classified as equity.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
AATI Architectural Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
Tangible assets |
Plant, machinery and standard patterns |
Total |
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Cost or valuation |
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At 1 April 2023 |
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Additions |
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Revaluation |
( |
( |
Disposals |
( |
( |
At 31 March 2024 |
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Depreciation |
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At 1 April 2023 |
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Charge for the year |
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Revaluation |
( |
( |
Eliminated on disposal |
( |
( |
At 31 March 2024 |
- |
- |
Carrying amount |
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At 31 March 2024 |
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At 31 March 2023 |
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Revaluation
The fair value of the company's plant and machinery was revalued on
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £
Stocks and work in progress |
2024 |
2023 |
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Stocks and work in progress |
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2,416 |
AATI Architectural Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
Debtors |
2024 |
2023 |
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Trade debtors |
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- |
Amounts owed by group undertakings |
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Prepayments |
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Other debtors |
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Included within Debtors are balances due to group undertakings, whilst these amounts are due on demand it is unlikely they will be repaid in full during the coming year.
Creditors |
Creditors: amounts falling due within one year
2024 |
2023 |
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Due within one year |
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Trade creditors |
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- |
Taxation and social security |
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Other creditors |
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Accrued expenses |
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Share capital |
Allotted, called up and fully paid shares
2024 |
2023 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
Reserves |
The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:
Revaluation reserve |
Total |
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Surplus/deficit on property, plant and equipment revaluation |
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AATI Architectural Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
Related party transactions |
Transactions with directors |
2024 |
At 1 April 2023 |
Advances to director |
Repayments by director |
At 31 March 2024 |
Advances and credits |
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- |
( |
- |
2023 |
At 1 April 2022 |
Advances to director |
Repayments by director |
At 31 March 2023 |
Advances and credits |
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- |
- |
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Parent and ultimate parent undertaking |
The company's immediate parent is
The ultimate parent is
The most senior parent entity producing publicly available financial statements is