Company Registration No. 03442399 (England and Wales)
Atec Autotechnic Limited
Unaudited accounts
for the year ended 31 August 2024
Atec Autotechnic Limited
Unaudited accounts
Contents
Atec Autotechnic Limited
Company Information
for the year ended 31 August 2024
Directors
Mr H Lambert
Mrs M Lambert
Miss K J Robinson
Company Number
03442399 (England and Wales)
Registered Office
Unit 4 Top Station Road Industrial Estat
Top Station Road
Brackley
Northants
NN13 7UG
Accountants
Anthistle Craven
Moreton House
31 High Street
Buckingham
Bucks
MK18 1NU
Atec Autotechnic Limited
Statement of financial position
as at 31 August 2024
Tangible assets
915,363
559,258
Inventories
2,105,682
1,587,188
Cash at bank and in hand
2,118,302
1,848,550
Creditors: amounts falling due within one year
(1,409,876)
(1,172,397)
Net current assets
3,635,267
3,042,404
Total assets less current liabilities
4,550,630
3,601,662
Creditors: amounts falling due after more than one year
(458,809)
-
Provisions for liabilities
Deferred tax
(68,982)
(31,318)
Net assets
4,022,839
3,570,344
Called up share capital
203
203
Profit and loss account
4,022,636
3,570,141
Shareholders' funds
4,022,839
3,570,344
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 April 2025 and were signed on its behalf by
Miss K J Robinson
Director
Company Registration No. 03442399
Atec Autotechnic Limited
Notes to the Accounts
for the year ended 31 August 2024
Atec Autotechnic Limited is a private company, limited by shares, registered in England and Wales, registration number 03442399. The registered office is Unit 4 Top Station Road Industrial Estat, Top Station Road, Brackley , Northants, NN13 7UG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Freehold Property - 2% on cost Improvements to Property - 33% on cost
Plant & machinery
25% on reducing balance
Motor vehicles
25% on cost
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2023
651,960
327,449
30,550
1,009,959
Additions
365,466
96,839
-
462,305
Disposals
(19,835)
(20,987)
-
(40,822)
At 31 August 2024
997,591
403,301
30,550
1,431,442
At 1 September 2023
204,224
215,927
30,550
450,701
Charge for the year
42,675
51,256
-
93,931
On disposals
(10,905)
(17,648)
-
(28,553)
At 31 August 2024
235,994
249,535
30,550
516,079
At 31 August 2024
761,597
153,766
-
915,363
At 31 August 2023
447,736
111,522
-
559,258
Atec Autotechnic Limited
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
Trade debtors
761,644
557,563
Accrued income and prepayments
59,515
221,500
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
35,307
-
Trade creditors
806,293
421,116
Taxes and social security
348,583
220,691
Other creditors
91,007
13,478
Loans from directors
108,846
129,430
7
Creditors: amounts falling due after more than one year
2024
2023
8
Transactions with related parties
During the year in respect to the loan from Mrs E Lambert, Wife of Mr H Lambert.
Repayments were made totaling £23,468, with interest being charged at market value of £2,884 (2023 - £4,474). The balance owed to Mrs E Lambert as at 31 August 2024 was £103,850 (2023 - £124,434).
Management fees were also paid to ATEC Autotechnik GmbH amounting to £80,005 (2023 £162,550).
Management fees were paid to ATEC Fluid Systems Ltd a company under common control, during 2024 this amounted to £10,800 (2023 £13,000).
Total purchases from ATEC Autotechnik GmbH in the year to 31 August 2024 amounted to £3,816,103 (2023 £2,022,730). The closing creditor balance as at 31 August 2024 was £621,283 (2023 £209,909).
Total sales from ATEC Autotechnik GmbH in the year to 31 August 2024 amounted to £1,389 (2023 £43,209).
The closing debtor balance as at 31 August 2024 was £325 (2023 - £Nil).
The company was controlled throughout the year by its directors by virtue of the fact that they owned the majority of the company's issued share capital.
10
Average number of employees
During the year the average number of employees was 8 (2023: 9).