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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
Page
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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
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Atec Autotechnic Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
915,363 
559,258 
Current assets
Inventories
2,105,682 
1,587,188 
Debtors
821,159 
779,063 
Cash at bank and in hand
2,118,302 
1,848,550 
5,045,143 
4,214,801 
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 
Capital and reserves
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
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Atec Autotechnic Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 31 August 2024
761,597 
153,766 
- 
915,363 
At 31 August 2023
447,736 
111,522 
- 
559,258 
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Atec Autotechnic Limited Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
761,644 
557,563 
Accrued income and prepayments
59,515 
221,500 
821,159 
779,063 
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 
Accruals
19,840 
387,682 
1,409,876 
1,172,397 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
458,809 
- 
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).
9
Controlling party
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).
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