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REGISTERED NUMBER: 11200000 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

AT Research and Development Ltd

AT Research and Development Ltd (Registered number: 11200000)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AT Research and Development Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: A S Borman
Mrs B A Borman





REGISTERED OFFICE: Waterside
Carnmenellis
REDRUTH
Cornwall
TR16 6PB





REGISTERED NUMBER: 11200000 (England and Wales)





ACCOUNTANTS: Colin Truscott Accountancy Limited
9 Heron Close
Tresillian
Cornwall
TR2 4BH

AT Research and Development Ltd (Registered number: 11200000)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,065 40,540
Investments 5 5 5
30,070 40,545

CURRENT ASSETS
Debtors 6 12,966 14,819
Cash at bank 16,467 17,733
29,433 32,552
CREDITORS
Amounts falling due within one year 7 9,213 20,084
NET CURRENT ASSETS 20,220 12,468
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,290

53,013

CREDITORS
Amounts falling due after more than
one year

8

31,245

32,349
NET ASSETS 19,045 20,664

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 18,945 20,564
19,045 20,664

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

AT Research and Development Ltd (Registered number: 11200000)

Balance Sheet - continued
30 April 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 January 2025 and were signed on its behalf by:





A S Borman - Director


AT Research and Development Ltd (Registered number: 11200000)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

AT Research and Development Ltd 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.

Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be readily measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates Value Added Tax and other sales taxes.

Revenue from a contract to provide services is recognised in the period which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: the amount of revenue can be measured reliably; it is probable they the company will receive the consideration due under the contract; the stage of completion of the contract at the end of the reporting period can be measured reliably; and the costs incurred and the costs to complete the contract can be measured reliably

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 25% on cost

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

Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.


AT Research and Development Ltd (Registered number: 11200000)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

Hire purchase and leasing commitments
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risk and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to the profit and loss account so as to produce a constant periodic rate of interest on the remaining balance of the liability.

3. EMPLOYEES AND DIRECTORS

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

AT Research and Development Ltd (Registered number: 11200000)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 7,341 51,913 6,014 65,268
Additions - - 358 358
At 30 April 2024 7,341 51,913 6,372 65,626
DEPRECIATION
At 1 May 2023 7,159 13,218 4,351 24,728
Charge for year 122 9,682 1,029 10,833
At 30 April 2024 7,281 22,900 5,380 35,561
NET BOOK VALUE
At 30 April 2024 60 29,013 992 30,065
At 30 April 2023 182 38,695 1,663 40,540

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 5
NET BOOK VALUE
At 30 April 2024 5
At 30 April 2023 5

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax - 4,339
VAT 459 -
Deferred tax asset 11,462 9,917
Prepayments 1,045 563
12,966 14,819

AT Research and Development Ltd (Registered number: 11200000)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 3,976 5,754
Trade creditors - 2,624
Social security and other taxes 1,115 2,477
VAT - 553
Other creditors 759 760
Directors' current accounts 753 148
Accrued expenses 2,610 7,768
9,213 20,084

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts 31,245 32,349

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase 35,222 38,103

Hire purchase agreements are secured against the assets to which they relate.

10. ULTIMATE CONTROLLING PARTY

The company is controlled by AS Borman and Mrs BA Borman, who together own 98% of the issued share capital.