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REGISTERED NUMBER: 07136386 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

ABSOLUTE AUTOMATION LIMITED

ABSOLUTE AUTOMATION LIMITED (REGISTERED NUMBER: 07136386)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABSOLUTE AUTOMATION LIMITED

COMPANY INFORMATION
for the year ended 31 January 2024







DIRECTORS: R Newey
S J Potter





REGISTERED OFFICE: Unit 19 Silver Birches Business Park
Aston Road
Bromsgrove
Worcestershire
B60 3EU





REGISTERED NUMBER: 07136386 (England and Wales)





ACCOUNTANTS: LDP Luckmans
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB

ABSOLUTE AUTOMATION LIMITED (REGISTERED NUMBER: 07136386)

BALANCE SHEET
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,872 7,248

CURRENT ASSETS
Stocks 284,976 121,500
Debtors 5 431,889 920,929
Cash at bank and in hand 95,699 49,049
812,564 1,091,478
CREDITORS
Amounts falling due within one year 6 617,702 935,744
NET CURRENT ASSETS 194,862 155,734
TOTAL ASSETS LESS CURRENT
LIABILITIES

198,734

162,982

CREDITORS
Amounts falling due after more than one
year

7

(34,000

)

(58,000

)

PROVISIONS FOR LIABILITIES 10 (968 ) (2,288 )
NET ASSETS 163,766 102,694

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 163,666 102,594
SHAREHOLDERS' FUNDS 163,766 102,694

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

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

ABSOLUTE AUTOMATION LIMITED (REGISTERED NUMBER: 07136386)

BALANCE SHEET - continued
31 January 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 25 October 2024 and were signed on its behalf by:





R Newey - Director


ABSOLUTE AUTOMATION LIMITED (REGISTERED NUMBER: 07136386)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 January 2024

1. STATUTORY INFORMATION

Absolute Automation 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.

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.

Turnover
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

ABSOLUTE AUTOMATION LIMITED (REGISTERED NUMBER: 07136386)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2023 10,030 7,596 17,626
Additions 462 584 1,046
At 31 January 2024 10,492 8,180 18,672
DEPRECIATION
At 1 February 2023 8,038 2,340 10,378
Charge for year 2,107 2,315 4,422
At 31 January 2024 10,145 4,655 14,800
NET BOOK VALUE
At 31 January 2024 347 3,525 3,872
At 31 January 2023 1,992 5,256 7,248

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 403,877 889,743
Amounts owed by group undertakings - 5,294
Prepayments 28,012 25,892
431,889 920,929

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 24,000 24,000
Trade creditors 279,896 702,805
Amounts owed to group undertakings 94,844 114,944
Tax 50,689 65,794
Social security and other taxes 5,790 6,601
Other creditors 13,407 10,948
Deferred income 142,114 -
Accrued expenses 6,962 10,652
617,702 935,744

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) 34,000 58,000

ABSOLUTE AUTOMATION LIMITED (REGISTERED NUMBER: 07136386)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2024

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 24,000 24,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 24,000 24,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 10,000 34,000

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 16,759 13,078
Between one and five years 2,632 14,035
19,391 27,113

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 968 2,288

Deferred
tax
£   
Balance at 1 February 2023 2,288
Provided during year (1,320 )
Balance at 31 January 2024 968

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
R Newey
Balance outstanding at start of year - 1,733
Amounts repaid - (1,733 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

ABSOLUTE AUTOMATION LIMITED (REGISTERED NUMBER: 07136386)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

S J Potter
Balance outstanding at start of year - 1,733
Amounts repaid - (1,733 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

12. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Absolute Automation Group Ltd.