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REGISTERED NUMBER: 02383495 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

AUTOMATION TECHNOLOGIES LTD

AUTOMATION TECHNOLOGIES LTD (REGISTERED NUMBER: 02383495)






Contents of the Financial Statements
for the year ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AUTOMATION TECHNOLOGIES LTD

Company Information
for the year ended 31 October 2024







DIRECTORS: M A Canini
D C Canini





REGISTERED OFFICE: Preston Park House
South Road
Brighton
East Sussex
BN1 6SB





REGISTERED NUMBER: 02383495 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

AUTOMATION TECHNOLOGIES LTD (REGISTERED NUMBER: 02383495)

Balance Sheet
31 October 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 6,077 6,077
Tangible assets 5 71,687 51,844
77,764 57,921

CURRENT ASSETS
Debtors 6 395,230 1,388,542
Cash at bank 188,498 127,373
583,728 1,515,915
CREDITORS
Amounts falling due within one year 7 (125,284 ) (910,004 )
NET CURRENT ASSETS 458,444 605,911
TOTAL ASSETS LESS CURRENT
LIABILITIES

536,208

663,832

CREDITORS
Amounts falling due after more than one
year

8

(13,948

)

(24,112

)

PROVISIONS FOR LIABILITIES 9 (11,290 ) (4,883 )
NET ASSETS 510,970 634,837

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 510,870 634,737
SHAREHOLDERS' FUNDS 510,970 634,837

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

AUTOMATION TECHNOLOGIES LTD (REGISTERED NUMBER: 02383495)

Balance Sheet - continued
31 October 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 28 February 2025 and were signed on its behalf by:





M A Canini - Director


AUTOMATION TECHNOLOGIES LTD (REGISTERED NUMBER: 02383495)

Notes to the Financial Statements
for the year ended 31 October 2024

1. STATUTORY INFORMATION

Automation Technologies Limited is a private company, limited by shares, registered in England and Wales. The company's registered number, registered office address and business address can be found on the Company Information page.

The presentational 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 represents the fair value of consideration received or receivable net of VAT and trade discounts.

Revenue is recognised as contract activity progresses. Revenue not billed is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.

Intangible assets
Other intangible assets represent development costs which are not being amortised and will only start being amortised when the development project is finished.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

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

Plant & machinery- 15% reducing balance, 20% and 33% on cost
Computer equipment- 33% on cost
Motor vehicles- 10% and 25% reducing balance

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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.


AUTOMATION TECHNOLOGIES LTD (REGISTERED NUMBER: 02383495)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

2. 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.

Impairment policy
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Government assistance
Government grants regarding assets are recognised over the useful life of the asset.

Included in bank loans is a bounce back loan which is guaranteed by the government. As part of the bounce back loan scheme the government paid the first year of interest on the loan.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 November 2023
and 31 October 2024 6,077
NET BOOK VALUE
At 31 October 2024 6,077
At 31 October 2023 6,077

AUTOMATION TECHNOLOGIES LTD (REGISTERED NUMBER: 02383495)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023 126,921 39,995 13,770 180,686
Additions 59,721 - - 59,721
Disposals - (20,495 ) (820 ) (21,315 )
At 31 October 2024 186,642 19,500 12,950 219,092
DEPRECIATION
At 1 November 2023 101,673 13,399 13,770 128,842
Charge for year 23,384 1,123 - 24,507
Eliminated on disposal - (5,124 ) (820 ) (5,944 )
At 31 October 2024 125,057 9,398 12,950 147,405
NET BOOK VALUE
At 31 October 2024 61,585 10,102 - 71,687
At 31 October 2023 25,248 26,596 - 51,844

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 35,904 1,026,500
Other debtors 359,326 362,042
395,230 1,388,542

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,162 9,906
Trade creditors 113,122 708,428
Taxation and social security - 178,880
Other creditors 2,000 12,790
125,284 910,004

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,948 24,112

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 11,290 4,883

AUTOMATION TECHNOLOGIES LTD (REGISTERED NUMBER: 02383495)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 November 2023 4,883
Utilised during year 6,407
Accelerated capital allowances
Balance at 31 October 2024 11,290

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100