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Aerotech Systems Ltd

(formerly AEROTECH TOOLING SYSTEMS LTD)

Registered Number
09581572
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

Aerotech Systems Ltd
Company Information
for the year from 1 June 2023 to 31 May 2024

Director

Graham Whiteman

Registered Address

5 Hill Top
Chadderton
Oldham
OL1 2SB

Registered Number

09581572 (England and Wales)
Aerotech Systems Ltd
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets310,5363,798
10,5363,798
Current assets
Stocks-36,233
Debtors417,0153,826
Cash at bank and on hand45,54565,583
62,560105,642
Creditors amounts falling due within one year5(64,701)(108,941)
Net current assets (liabilities)(2,141)(3,299)
Total assets less current liabilities8,395499
Provisions for liabilities(2,634)(184)
Net assets5,761315
Capital and reserves
Called up share capital100100
Profit and loss account5,661215
Shareholders' funds5,761315
The financial statements were approved and authorised for issue by the Director on 6 February 2025, and are signed on its behalf by:
Graham Whiteman
Director
Registered Company No. 09581572
Aerotech Systems Ltd
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year12
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 June 235,900
Additions8,529
At 31 May 2414,430
Depreciation and impairment
At 01 June 232,102
Charge for year1,791
At 31 May 243,893
Net book value
At 31 May 2410,536
At 31 May 233,798
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables-840
Other debtors12,767803
Prepayments and accrued income4,2482,183
Total17,0153,826
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables34,9974,313
Taxation and social security6,44414,355
Other creditors453
Accrued liabilities and deferred income23,25690,220
Total64,701108,941