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Registered number: 04063954
Pontypool Automatics Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04063954
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 18,175 20,902
Tangible Assets 5 190,612 200,600
208,787 221,502
CURRENT ASSETS
Debtors 6 35,811 37,289
Cash at bank and in hand 10,763 6,625
46,574 43,914
Creditors: Amounts Falling Due Within One Year 7 (114,627 ) (113,381 )
NET CURRENT ASSETS (LIABILITIES) (68,053 ) (69,467 )
TOTAL ASSETS LESS CURRENT LIABILITIES 140,734 152,035
Creditors: Amounts Falling Due After More Than One Year 8 (9,914 ) (19,442 )
NET ASSETS 130,820 132,593
CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Share premium account 127,304 127,304
Profit and Loss Account 2,516 4,289
SHAREHOLDERS' FUNDS 130,820 132,593
Page 1
Page 2
For the year ending 31 July 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr J A Dibble
Director
17th April 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Pontypool Automatics Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04063954 . The registered office is Unit 2a Torfaen Business Centre, Panteg Way, New Inn, Pontypool, Gwent, NP4 0LS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 33.33% Reducing Balanace
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 6)
7 6
Page 3
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4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2023 101,843
As at 31 July 2024 101,843
Amortisation
As at 1 August 2023 80,941
Provided during the period 2,727
As at 31 July 2024 83,668
Net Book Value
As at 31 July 2024 18,175
As at 1 August 2023 20,902
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 August 2023 346,253 34,236 4,444 384,933
Additions 53,611 - - 53,611
As at 31 July 2024 399,864 34,236 4,444 438,544
Depreciation
As at 1 August 2023 163,029 17,370 3,934 184,333
Provided during the period 59,209 4,217 173 63,599
As at 31 July 2024 222,238 21,587 4,107 247,932
Net Book Value
As at 31 July 2024 177,626 12,649 337 190,612
As at 1 August 2023 183,224 16,866 510 200,600
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 26,034 34,338
Other debtors 9,777 2,951
35,811 37,289
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 50,978 51,208
Bank loans and overdrafts 10,800 10,800
Other creditors 51,300 50,188
Taxation and social security 1,549 1,185
114,627 113,381
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 9,914 19,442
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 5