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REGISTERED NUMBER: 08312842 (England and Wales)











ASTEC TECHNOLOGY (UK) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024






ASTEC TECHNOLOGY (UK) LIMITED (REGISTERED NUMBER: 08312842)

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 TECHNOLOGY (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: 08312842 (England and Wales)





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

ASTEC TECHNOLOGY (UK) LIMITED (REGISTERED NUMBER: 08312842)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 68,910 78,572
68,910 78,572

CURRENT ASSETS
Debtors 6 17,690 9,878

CREDITORS
Amounts falling due within one year 7 291,442 137,096
NET CURRENT LIABILITIES (273,752 ) (127,218 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(204,842

)

(48,646

)

CAPITAL AND RESERVES
Called up share capital 150 150
Revaluation reserve 8 16,838 25,802
Retained earnings 8 (221,830 ) (74,598 )
SHAREHOLDERS' FUNDS (204,842 ) (48,646 )

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 TECHNOLOGY (UK) LIMITED (REGISTERED NUMBER: 08312842)

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 18th November 2024 and were signed on its behalf by:





P S Astell - Director


ASTEC TECHNOLOGY (UK) LIMITED (REGISTERED NUMBER: 08312842)

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


1. STATUTORY INFORMATION

Astec Technology (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 as modified by the revaluation of certain assets.

The accounts have been prepared on a going concern basis in accordance with the Note to the accounts.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible fixed assets
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer software - 33% on cost

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on cost
Computer equipment - 33% on 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

ASTEC TECHNOLOGY (UK) LIMITED (REGISTERED NUMBER: 08312842)

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


4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1st April 2023
and 31st March 2024 17,033
AMORTISATION
At 1st April 2023
and 31st March 2024 17,033
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st April 2023 - 101,500 17,945 119,445
Additions 550 21,250 839 22,639
At 31st March 2024 550 122,750 18,784 142,084
DEPRECIATION
At 1st April 2023 - 25,375 15,498 40,873
Charge for year 110 30,688 1,503 32,301
At 31st March 2024 110 56,063 17,001 73,174
NET BOOK VALUE
At 31st March 2024 440 66,687 1,783 68,910
At 31st March 2023 - 76,125 2,447 78,572

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 12,941 5,793
Other debtors 4,749 4,085
17,690 9,878

ASTEC TECHNOLOGY (UK) LIMITED (REGISTERED NUMBER: 08312842)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,039 10,353
Trade creditors 1,975 -
Amounts owed to group undertakings 267,431 120,096
Taxation and social security 942 3,048
Other creditors 15,055 3,599
291,442 137,096

8. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1st April 2023 (74,598 ) 25,802 (48,796 )
Deficit for the year (156,195 ) (156,195 )
Transfer 8,963 (8,964 ) (1 )
At 31st March 2024 (221,830 ) 16,838 (204,992 )

9. GOING CONCERN

The company is dependent upon the support of its director and its parent company, who have confirmed their support for a period of at least twelve months.