1 May 2023 false No description of principal activity Taxfiler 2024.6 03360534business:PrivateLimitedCompanyLtd2023-05-012024-04-30 033605342023-04-30 033605342023-05-012024-04-30 03360534business:AuditExempt-NoAccountantsReport2023-05-012024-04-30 03360534business:FilletedAccounts2023-05-012024-04-30 033605342024-04-30 03360534business:Director12023-05-012024-04-30 03360534business:Director22023-05-012024-04-30 03360534business:RegisteredOffice2023-05-012024-04-30 033605342023-04-30 03360534core:WithinOneYear2024-04-30 03360534core:WithinOneYear2023-04-30 03360534core:ShareCapitalcore:PreviouslyStatedAmount2024-04-30 03360534core:ShareCapitalcore:PreviouslyStatedAmount2023-04-30 03360534core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-04-30 03360534core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-04-30 03360534core:PreviouslyStatedAmount2024-04-30 03360534core:PreviouslyStatedAmount2023-04-30 03360534business:SmallEntities2023-05-012024-04-30 03360534countries:EnglandWales2023-05-012024-04-30 03360534core:PlantMachinery2023-05-012024-04-30 03360534core:PlantMachinery2023-04-30 03360534core:PlantMachinery2024-04-30 033605342022-05-012023-04-30 iso4217:GBP xbrli:pure
Company Registration No. 03360534 (England and Wales)
Artronics Manufacturing Limited Unaudited accounts for the year ended 30 April 2024
Artronics Manufacturing Limited Unaudited accounts Contents
Page
- 2 -
Artronics Manufacturing Limited Company Information for the year ended 30 April 2024
Directors
Mr R Kavaliauskas Mr A Kavliauskas
Company Number
03360534 (England and Wales)
Registered Office
SUITE L3 SOUTH FENS BUSINESS CENTRE, FENTON WAY CHATTERIS CAMBRIDGESHIRE PE16 6TT
Accountants
Eden Accounting Ltd Suite L3 South Fens Business Centre CHATTERIS Cambs PE16 6TT
- 3 -
Artronics Manufacturing Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
38,870 
23,692 
Investment property
500,000 
- 
538,870 
23,692 
Current assets
Inventories
289,765 
473,500 
Debtors
473,805 
550,136 
Cash at bank and in hand
3,280,840 
2,857,023 
4,044,410 
3,880,659 
Creditors: amounts falling due within one year
(1,484,535)
(1,738,834)
Net current assets
2,559,875 
2,141,825 
Net assets
3,098,745 
2,165,517 
Capital and reserves
Called up share capital
105 
105 
Profit and loss account
3,098,640 
2,165,412 
Shareholders' funds
3,098,745 
2,165,517 
For the year ending 30 April 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 January 2025 and were signed on its behalf by
Mr R Kavaliauskas Director Company Registration No. 03360534
- 4 -
Artronics Manufacturing Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Artronics Manufacturing Limited is a private company, limited by shares, registered in England and Wales, registration number 03360534. The registered office is SUITE L3, SOUTH FENS BUSINESS CENTRE, FENTON WAY, CHATTERIS, CAMBRIDGESHIRE, PE16 6TT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing basis
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Foreign exchange
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
- 5 -
Artronics Manufacturing Limited Notes to the Accounts for the year ended 30 April 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 May 2023
144,354 
Additions
28,134 
At 30 April 2024
172,488 
Depreciation
At 1 May 2023
120,662 
Charge for the year
12,956 
At 30 April 2024
133,618 
Net book value
At 30 April 2024
38,870 
At 30 April 2023
23,692 
5
Investment property
2024 
£ 
Additions
500,000 
At 30 April 2024
500,000 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
473,805 
550,136 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
138,184 
145,319 
Trade creditors
162,484 
215,829 
Taxes and social security
414,125 
522,145 
Loans from directors
137,242 
855,541 
Accruals
632,500 
- 
1,484,535 
1,738,834 
8
Average number of employees
During the year the average number of employees was 7 (2023: 7).
- 6 -