ATH (NDT) LTD 08299380 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is a Non Destructive Testing service provider. Digita Accounts Production Advanced 6.30.9574.0 true true 08299380 2023-05-01 2024-04-30 08299380 2024-04-30 08299380 core:RetainedEarningsAccumulatedLosses 2024-04-30 08299380 core:ShareCapital 2024-04-30 08299380 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-04-30 08299380 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-04-30 08299380 core:CurrentFinancialInstruments 2024-04-30 08299380 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 08299380 core:Non-currentFinancialInstruments 2024-04-30 08299380 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 08299380 core:Goodwill 2024-04-30 08299380 core:FurnitureFittingsToolsEquipment 2024-04-30 08299380 core:LandBuildings 2024-04-30 08299380 core:MotorVehicles 2024-04-30 08299380 core:OtherPropertyPlantEquipment 2024-04-30 08299380 1 2024-04-30 08299380 bus:SmallEntities 2023-05-01 2024-04-30 08299380 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 08299380 bus:FilletedAccounts 2023-05-01 2024-04-30 08299380 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 08299380 bus:RegisteredOffice 2023-05-01 2024-04-30 08299380 bus:Director1 2023-05-01 2024-04-30 08299380 bus:Director2 2023-05-01 2024-04-30 08299380 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08299380 bus:Agent1 2023-05-01 2024-04-30 08299380 core:Goodwill 2023-05-01 2024-04-30 08299380 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 08299380 core:LandBuildings 2023-05-01 2024-04-30 08299380 core:LeaseholdImprovements 2023-05-01 2024-04-30 08299380 core:MotorVehicles 2023-05-01 2024-04-30 08299380 core:OfficeEquipment 2023-05-01 2024-04-30 08299380 core:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 08299380 core:PlantMachinery 2023-05-01 2024-04-30 08299380 core:AllAssociates 2023-05-01 2024-04-30 08299380 countries:EnglandWales 2023-05-01 2024-04-30 08299380 1 2023-05-01 2024-04-30 08299380 2023-04-30 08299380 core:Goodwill 2023-04-30 08299380 core:FurnitureFittingsToolsEquipment 2023-04-30 08299380 core:LandBuildings 2023-04-30 08299380 core:MotorVehicles 2023-04-30 08299380 core:OtherPropertyPlantEquipment 2023-04-30 08299380 1 2023-04-30 08299380 2022-05-01 2023-04-30 08299380 2023-04-30 08299380 core:RetainedEarningsAccumulatedLosses 2023-04-30 08299380 core:ShareCapital 2023-04-30 08299380 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-04-30 08299380 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-04-30 08299380 core:CurrentFinancialInstruments 2023-04-30 08299380 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 08299380 core:Non-currentFinancialInstruments 2023-04-30 08299380 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 08299380 core:FurnitureFittingsToolsEquipment 2023-04-30 08299380 core:LandBuildings 2023-04-30 08299380 core:MotorVehicles 2023-04-30 08299380 core:OtherPropertyPlantEquipment 2023-04-30 08299380 1 2023-04-30 08299380 1 2022-05-01 2023-04-30 08299380 1 2022-04-30 iso4217:GBP xbrli:pure

Registration number: 08299380

ATH (NDT) LTD

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

ATH (NDT) LTD

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 10

 

ATH (NDT) LTD

Company Information

Directors

Mrs C Heaton

Mr A T Heaton

Registered office

Unit 1
Engine Shed Lane
Skipton
North Yorkshire
BD23 1UP

Accountants

Hargreaves Brown & Benson
Chartered Accountants
1 Bond Street
Colne
Lancashire
BB8 9DG

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
ATH (NDT) LTD
for the Year Ended 30 April 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ATH (NDT) LTD for the year ended 30 April 2024 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of ATH (NDT) LTD, as a body. Our work has been undertaken solely to prepare for your approval the accounts of ATH (NDT) LTD and state those matters that we have agreed to state to the Board of Directors of ATH (NDT) LTD, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ATH (NDT) LTD and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that ATH (NDT) LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of ATH (NDT) LTD. You consider that ATH (NDT) LTD is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of ATH (NDT) LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Hargreaves Brown & Benson
Chartered Accountants
1 Bond Street
Colne
Lancashire
BB8 9DG

4 March 2025

 

ATH (NDT) LTD

(Registration number: 08299380)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

190,574

61,069

Current assets

 

Stocks

6

26,663

36,883

Debtors

7

171,680

208,544

Cash at bank and in hand

 

157,006

392,813

 

355,349

638,240

Creditors: Amounts falling due within one year

8

(131,758)

(246,346)

Net current assets

 

223,591

391,894

Total assets less current liabilities

 

414,165

452,963

Creditors: Amounts falling due after more than one year

8

(175,385)

(227,721)

Provisions for liabilities

(44,994)

(9,210)

Net assets

 

193,786

216,032

Capital and reserves

 

Called up share capital

100

100

Retained earnings

193,686

215,932

Shareholders' funds

 

193,786

216,032

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 March 2025 and signed on its behalf by:
 

.........................................
Mr A T Heaton
Director

   
     
 

ATH (NDT) LTD

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 1
Engine Shed Lane
Skipton
North Yorkshire
BD23 1UP

These financial statements were authorised for issue by the Board on 4 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% Reducing balance

Motor vehicles

25% Reducing balance

Office equipment

20% Reducing balance

Leasehold improvements

10% Straight line

Demonstration equipment

10% Straight line

 

ATH (NDT) LTD

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

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Over 4 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

ATH (NDT) LTD

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

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 4 (2023 - 4).

 

ATH (NDT) LTD

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

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 May 2023

36,000

36,000

At 30 April 2024

36,000

36,000

Amortisation

At 1 May 2023

36,000

36,000

At 30 April 2024

36,000

36,000

Carrying amount

At 30 April 2024

-

-

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 May 2023

10,484

92,746

63,144

-

166,374

Additions

-

2,291

-

148,477

150,768

At 30 April 2024

10,484

95,037

63,144

148,477

317,142

Depreciation

At 1 May 2023

3,144

74,199

27,962

-

105,305

Charge for the year

1,048

3,488

7,886

8,841

21,263

At 30 April 2024

4,192

77,687

35,848

8,841

126,568

Carrying amount

At 30 April 2024

6,292

17,350

27,296

139,636

190,574

At 30 April 2023

7,340

18,547

35,182

-

61,069

Included within the net book value of land and buildings above is £6,292 (2023 - £7,340) in respect of long leasehold land and buildings.
 

6

Stocks

2024
£

2023
£

Work in progress

26,663

36,883

 

ATH (NDT) LTD

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

7

Debtors

2024
£

2023
£

Trade debtors

109,861

72,767

Prepayments

11,084

4,481

Other debtors

50,735

131,296

171,680

208,544

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

47,069

51,767

Trade creditors

 

49,550

80,623

Taxation and social security

 

22,661

21,720

Accruals and deferred income

 

3,343

2,250

Other creditors

 

9,135

89,986

 

131,758

246,346

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

175,385

227,721

 

ATH (NDT) LTD

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

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

8,452

15,652

Hire purchase contracts

-

854

Other borrowings

166,933

211,215

175,385

227,721

Current loans and borrowings

2024
£

2023
£

Bank borrowings

7,200

7,200

Hire purchase contracts

427

5,125

Other borrowings

39,442

39,442

47,069

51,767

Other borrowings are secured by a fixed and floating charge over the company's assets and the assets of Craven NDT Ltd by way of a cross guarantee.

10

Related party transactions

Transactions with directors

2024

At 1 May 2023
£

Advances to director
£

Repayments by director
£

At 30 April 2024
£

Repayable on demand; interest charged at the official rate

129,717

109,965

(200,000)

39,682

 

2023

At 1 May 2022
£

Advances to director
£

Repayments by director
£

At 30 April 2023
£

Repayable on demand; interest charged at the official rate

19,291

177,426

(67,000)

129,717

 

 

ATH (NDT) LTD

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

Summary of transactions with associates


The directors, Mr A Heaton & Mrs C Heaton, are the controlling party of both Craven Surface Treatments Ltd and ATH (NDT) Ltd.

 
Craven Surface Treatments Ltd continued to advance loan facilities to ATH (NDT) Ltd during the year. This resulted in a balance owing to Craven Surface Treatments Ltd of £8,415 (2023 - £89,725).