Company Registration No. 04436002 (England and Wales)
Aztec Coin Equipment Limited
Unaudited accounts
for the year ended 31 August 2024
Aztec Coin Equipment Limited
Unaudited accounts
Contents
Aztec Coin Equipment Limited
Company Information
for the year ended 31 August 2024
Company Number
04436002 (England and Wales)
Registered Office
Building 3
Sunset Business Centre
Waterloo Road
Widnes
WA8 0QR
United Kingdom
Accountants
Townley & Co Limited
Warrington Business Centre
67 Bewsey Street
Warrington
WA2 7JQ
Aztec Coin Equipment Limited
Statement of financial position
as at 31 August 2024
Tangible assets
665,407
507,720
Inventories
168,630
131,375
Cash at bank and in hand
15,755
89,544
Creditors: amounts falling due within one year
(755,804)
(392,789)
Net current liabilities
(254,672)
(18,768)
Total assets less current liabilities
410,735
488,952
Creditors: amounts falling due after more than one year
(38,328)
(37,813)
Provisions for liabilities
Deferred tax
(126,427)
(96,467)
Net assets
245,980
354,672
Called up share capital
100
100
Profit and loss account
245,880
354,572
Shareholders' funds
245,980
354,672
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 director acknowledges his 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 and authorised for issue on 20 May 2025 and were signed on its behalf by
R J Monk
Director
Company Registration No. 04436002
Aztec Coin Equipment Limited
Notes to the Accounts
for the year ended 31 August 2024
Aztec Coin Equipment Limited is a private company, limited by shares, registered in England and Wales, registration number 04436002. The registered office is Building 3, Sunset Business Centre, Waterloo Road, Widnes, WA8 0QR, United Kingdom.
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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
Plant & machinery
25% on reducing balance
Motor vehicles
25% on reducing balance
Computer equipment
25% on reducing balance
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Aztec Coin Equipment Limited
Notes to the Accounts
for the year ended 31 August 2024
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill
At 1 September 2023
64,193
At 1 September 2023
64,193
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 September 2023
594,509
49,628
-
32,485
676,622
Additions
339,895
98,017
27,728
4,836
470,476
Disposals
(159,175)
(14,093)
-
(318)
(173,586)
At 31 August 2024
775,229
133,552
27,728
37,003
973,512
At 1 September 2023
116,723
20,996
-
31,183
168,902
Charge for the year
146,580
30,177
6,881
1,507
185,145
On disposals
(37,794)
(8,148)
204
(204)
(45,942)
At 31 August 2024
225,509
43,025
7,085
32,486
308,105
At 31 August 2024
549,720
90,527
20,643
4,517
665,407
At 31 August 2023
477,786
28,632
-
1,302
507,720
Amounts falling due within one year
Trade debtors
250,347
100,002
Other debtors
66,400
53,100
Aztec Coin Equipment Limited
Notes to the Accounts
for the year ended 31 August 2024
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
37,813
41,250
Obligations under finance leases and hire purchase contracts
21,870
-
Trade creditors
623,421
277,779
Taxes and social security
10,522
19,651
Other creditors
3,360
50,034
Loans from directors
32
315
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
38,328
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 10 (2023: 8).