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REGISTERED NUMBER: 00953997 (England and Wales)















Automatic Industrial Machines Limited

Unaudited Financial Statements for the Year Ended 30 September 2024






Automatic Industrial Machines Limited (Registered number: 00953997)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Automatic Industrial Machines Limited

Company Information
for the year ended 30 September 2024







DIRECTORS: R J Kendall
A L Hemsley





SECRETARY: A L Hemsley





REGISTERED OFFICE: 6 Concorde Drive
5c Business Centre
Clevedon
North Somerset
BS21 6UH





REGISTERED NUMBER: 00953997 (England and Wales)





ACCOUNTANTS: Webb & Co Ltd
One New Street
Wells
Somerset
BA5 2LA

Automatic Industrial Machines Limited (Registered number: 00953997)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 2,194,332 1,806,703

CURRENT ASSETS
Stocks 646,317 434,931
Debtors 4 1,098,781 942,414
Cash at bank and in hand 712,845 316,495
2,457,943 1,693,840
CREDITORS
Amounts falling due within one year 5 961,428 917,917
NET CURRENT ASSETS 1,496,515 775,923
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,690,847

2,582,626

CREDITORS
Amounts falling due after more than one
year

6

(501,800

)

-

PROVISIONS FOR LIABILITIES (475,164 ) (309,402 )
NET ASSETS 2,713,883 2,273,224

CAPITAL AND RESERVES
Called up share capital 8 3,900 3,900
Retained earnings 2,709,983 2,269,324
SHAREHOLDERS' FUNDS 2,713,883 2,273,224

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

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

Automatic Industrial Machines Limited (Registered number: 00953997)

Balance Sheet - continued
30 September 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 17 February 2025 and were signed on its behalf by:




R J Kendall - Director



A L Hemsley - Director


Automatic Industrial Machines Limited (Registered number: 00953997)

Notes to the Financial Statements
for the year ended 30 September 2024

1. 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 net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods
Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of goods.
Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Contracts
When the outcome of a contract can be estimated reliably, contract costs and turnover are recognised by reference to the stage of completion at the balance sheet date. Where the outcome cannot be measured reliably, contract costs are recognised as an expense in the period in which they are incurred and contract turnover is recognised to the extent of costs incurred that it is probable will be recoverable.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stock
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Consumable stock relates to items purchased for specific orders, and is again valued at the lower of cost and net realisable value.

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.


Automatic Industrial Machines Limited (Registered number: 00953997)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

1. ACCOUNTING POLICIES - continued
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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2023 - 28 ) .

3. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 October 2023 310,443 5,702,821 186,860
Additions - 723,291 24,077
Disposals - (425,679 ) (10,360 )
At 30 September 2024 310,443 6,000,433 200,577
DEPRECIATION
At 1 October 2023 - 4,270,915 139,941
Charge for year - 281,605 9,744
Eliminated on disposal - (358,799 ) (8,335 )
At 30 September 2024 - 4,193,721 141,350
NET BOOK VALUE
At 30 September 2024 310,443 1,806,712 59,227
At 30 September 2023 310,443 1,431,906 46,919

Automatic Industrial Machines Limited (Registered number: 00953997)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

3. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2023 17,549 173,033 6,390,706
Additions - 8,489 755,857
Disposals - (36,713 ) (472,752 )
At 30 September 2024 17,549 144,809 6,673,811
DEPRECIATION
At 1 October 2023 16,671 156,476 4,584,003
Charge for year 220 7,592 299,161
Eliminated on disposal - (36,551 ) (403,685 )
At 30 September 2024 16,891 127,517 4,479,479
NET BOOK VALUE
At 30 September 2024 658 17,292 2,194,332
At 30 September 2023 878 16,557 1,806,703

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,033,581 882,066
Other debtors 65,200 60,348
1,098,781 942,414

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 154,400 -
Trade creditors 336,371 388,276
Taxation and social security 266,694 153,799
Other creditors 203,963 375,842
961,428 917,917

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 501,800 -

Automatic Industrial Machines Limited (Registered number: 00953997)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 656,200 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
3,310 Ordinary £1 3,310 3,310
90 Ordinary A £1 90 90
90 Ordinary B £1 90 90
10 Ordinary C £1 10 10
10 Ordinary D £1 10 10
390 Ordinary E £1 390 390
3,900 3,900

9. CAPITAL COMMITMENTS
2024 2023
£    £   
Contracted but not provided for in the
financial statements - 686,389