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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
Page
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Aztec Coin Equipment Limited Company Information for the year ended 31 August 2024
Director
R J Monk
Secretary
K Hoinville
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
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Aztec Coin Equipment Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
665,407 
507,720 
Current assets
Inventories
168,630 
131,375 
Debtors
316,747 
153,102 
Cash at bank and in hand
15,755 
89,544 
501,132 
374,021 
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 
Capital and reserves
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
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Aztec Coin Equipment Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
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.
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.
Intangible fixed assets
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
Foreign exchange
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 taxation
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
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.
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Aztec Coin Equipment Limited Notes to the Accounts for the year ended 31 August 2024
Pension costs
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 
£ 
Cost
At 1 September 2023
64,193 
At 31 August 2024
64,193 
Amortisation
At 1 September 2023
64,193 
At 31 August 2024
64,193 
Net book value
At 31 August 2024
- 
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 
Depreciation
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 
Net book value
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 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
250,347 
100,002 
Other debtors
66,400 
53,100 
316,747 
153,102 
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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 
VAT
57,026 
- 
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 
Accruals
1,760 
3,760 
755,804 
392,789 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
37,813 
Obligations under finance leases and hire purchase contracts
38,328 
- 
38,328 
37,813 
9
Share capital
2024 
2023 
£ 
£ 
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).
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