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REGISTERED NUMBER: 08749840 (England and Wales)











ASTEC HOLDINGS (UK) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024






ASTEC HOLDINGS (UK) LIMITED (REGISTERED NUMBER: 08749840)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


ASTEC HOLDINGS (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: P S Astell
Mrs A M Astell





REGISTERED OFFICE: Woodlands
Marley Lane
Battle
East Sussex
TN33 0RB





REGISTERED NUMBER: 08749840 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
20 Eversley Road
Bexhill-on-Sea
East Sussex
TN40 1HE

ASTEC HOLDINGS (UK) LIMITED (REGISTERED NUMBER: 08749840)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 120 4,120

CURRENT ASSETS
Debtors 5 1,952,235 1,475,520
Cash at bank 924,586 1,597,378
2,876,821 3,072,898
CREDITORS
Amounts falling due within one year 6 17,907 48,279
NET CURRENT ASSETS 2,858,914 3,024,619
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,859,034

3,028,739

CAPITAL AND RESERVES
Called up share capital 7 210 210
Retained earnings 2,858,824 3,028,529
SHAREHOLDERS' FUNDS 2,859,034 3,028,739

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

ASTEC HOLDINGS (UK) LIMITED (REGISTERED NUMBER: 08749840)

BALANCE SHEET - continued
31ST MARCH 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1st November 2024 and were signed on its behalf by:





P S Astell - Director


ASTEC HOLDINGS (UK) LIMITED (REGISTERED NUMBER: 08749840)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

Astec Holdings (UK) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Astec Holdings (UK) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

ASTEC HOLDINGS (UK) LIMITED (REGISTERED NUMBER: 08749840)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


4. FIXED ASSET INVESTMENTS
Shares in
group
undertaki
£   
COST
At 1st April 2023 4,120
Disposals (4,000 )
At 31st March 2024 120
NET BOOK VALUE
At 31st March 2024 120
At 31st March 2023 4,120

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Amounts owed by group undertakings 267,431 120,096
Other debtors 90,808 617,354
358,239 737,450

Amounts falling due after more than one year:
Other debtors 1,593,996 738,070

Aggregate amounts 1,952,235 1,475,520

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 6,756 -
Taxation and social security 3,723 39,511
Other creditors 7,428 8,768
17,907 48,279

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
200 Ordinary £1 200 200
10 Ordinary A £1 10 10
210 210

ASTEC HOLDINGS (UK) LIMITED (REGISTERED NUMBER: 08749840)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2024 and 31st March 2023:

2024 2023
£    £   
P S Astell
Balance outstanding at start of year 389,456 -
Amounts advanced 53,467 389,456
Amounts repaid (389,456 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 53,467 389,456

Interest has been received at the official rate of interest.