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Registered number: 04750866
2M Automation Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Unaudited Financial Statements
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of 2M Automation Ltd For The Year Ended 31 March 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of 2M Automation Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of 2M Automation Ltd , as a body, in accordance with the terms of our engagement letter dated 14th August 2023. Our work has been undertaken solely to prepare for your approval the accounts of 2M Automation Ltd and state those matters that we have agreed to state to the directors of 2M Automation Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 2M Automation Ltd and its directors as a body for our work or for this report.
It is your duty to ensure that 2M Automation Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of 2M Automation Ltd . You consider that 2M Automation Ltd 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 accounts of 2M Automation Ltd . 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 financial statements.
Signed
30th October 2024
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Page 1
Page 2
Balance Sheet
Registered number: 04750866
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 4,057 3,143
4,057 3,143
CURRENT ASSETS
Stocks 4 256,720 104,369
Debtors 5 328,788 155,692
Cash at bank and in hand 861,505 970,959
1,447,013 1,231,020
Creditors: Amounts Falling Due Within One Year 6 (166,430 ) (75,322 )
NET CURRENT ASSETS (LIABILITIES) 1,280,583 1,155,698
TOTAL ASSETS LESS CURRENT LIABILITIES 1,284,640 1,158,841
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 - (786 )
NET ASSETS 1,284,640 1,158,055
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 1,284,540 1,157,955
SHAREHOLDERS' FUNDS 1,284,640 1,158,055
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Page 3
For the year ending 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 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.
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 Mulemba Kandeke
Director
30th October 2024
The notes on pages 4 to 6 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
1.3. 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:
Plant & Machinery 20% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 33% straight line
1.4. Stocks and Work in Progress
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition
1.5. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
1.6. 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 balance sheet date.
1.7. Pensions
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.
1.8. 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 liabilities or other future taxable profits.
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2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 7 (2023: 7)
7 7
3. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 571 3,131 16,805 20,507
Additions 350 576 1,437 2,363
As at 31 March 2024 921 3,707 18,242 22,870
Depreciation
As at 1 April 2023 376 2,289 14,699 17,364
Provided during the period 70 265 1,114 1,449
As at 31 March 2024 446 2,554 15,813 18,813
Net Book Value
As at 31 March 2024 475 1,153 2,429 4,057
As at 1 April 2023 195 842 2,106 3,143
4. Stocks
2024 2023
£ £
Finished goods 63,295 83,935
Work in progress 193,425 20,434
256,720 104,369
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 292,453 51,929
Other debtors 36,335 103,763
328,788 155,692
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 103,530 10,407
Other creditors 30,949 43,441
Taxation and social security 31,951 21,474
166,430 75,322
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7. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Deferred Tax (23,065 ) 786
8. Provisions for Liabilities
Deferred Tax
£
As at 1 April 2023 786
Utilised (23,851 )
Balance at 31 March 2024 (23,065 )
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Value Number 2024 2023
Allotted, called up and fully paid £ £ £
Ordinary A shares 1 50 50 50
Ordinary B shares 1 50 50 50
100 100 100
10. General Information
2M Automation Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04750866 . The registered office is Unit 3, Building 2, The Colony Wilmslow, Altrincham Road, Wilmslow, SK9 4LY.

The principal place of trade is Chambers Business Centre, Chapel Road, Oldham, OL84QQ.
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