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REGISTERED NUMBER: 00443976 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

AYCLIFFE ENGINEERING LIMITED

AYCLIFFE ENGINEERING LIMITED (REGISTERED NUMBER: 00443976)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


AYCLIFFE ENGINEERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: K Altringham FCMI
Miss K H Altringham





SECRETARY: S L Noble





REGISTERED OFFICE: Beaumont Way
Aycliffe Industrial Estate
Newton Aycliffe
Co Durham
DL5 6SN





REGISTERED NUMBER: 00443976 (England and Wales)





ACCOUNTANTS: Crombies Accountants Limited
Chartered Accountants
34 Waterloo Road
Wolverhampton
West Midlands
WV1 4DG

AYCLIFFE ENGINEERING LIMITED (REGISTERED NUMBER: 00443976)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 93,601 115,635
Investments 5 79,999 79,999
173,600 195,634

CURRENT ASSETS
Stocks 88,208 93,758
Debtors 6 191,301 144,669
Cash at bank and in hand 19,405 426
298,914 238,853
CREDITORS
Amounts falling due within one year 7 186,475 325,319
NET CURRENT ASSETS/(LIABILITIES) 112,439 (86,466 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

286,039

109,168

CREDITORS
Amounts falling due after more than one
year

8

(393,083

)

(55,833

)

PROVISIONS FOR LIABILITIES (9,344 ) (6,869 )
NET (LIABILITIES)/ASSETS (116,388 ) 46,466

CAPITAL AND RESERVES
Called up share capital 52,005 52,005
Capital redemption reserve 143,603 143,603
Retained earnings (311,996 ) (149,142 )
SHAREHOLDERS' FUNDS (116,388 ) 46,466

AYCLIFFE ENGINEERING LIMITED (REGISTERED NUMBER: 00443976)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:





Miss K H Altringham - Director


AYCLIFFE ENGINEERING LIMITED (REGISTERED NUMBER: 00443976)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Aycliffe Engineering Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sale of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2.5% on cost
Plant and machinery - 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

AYCLIFFE ENGINEERING LIMITED (REGISTERED NUMBER: 00443976)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Grants
Capital grants are credited to the profit and loss account in equal instalments, over the estimated useful life of the related asset. Revenue grants are credited to the profit and loss account on receipt.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 October 2023
and 30 September 2024 415,728 1,522,671 66,192 14,530 2,019,121
DEPRECIATION
At 1 October 2023 349,530 1,474,775 64,651 14,530 1,903,486
Charge for year 9,880 11,787 367 - 22,034
At 30 September 2024 359,410 1,486,562 65,018 14,530 1,925,520
NET BOOK VALUE
At 30 September 2024 56,318 36,109 1,174 - 93,601
At 30 September 2023 66,198 47,896 1,541 - 115,635

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2023
and 30 September 2024 79,999
NET BOOK VALUE
At 30 September 2024 79,999
At 30 September 2023 79,999

AYCLIFFE ENGINEERING LIMITED (REGISTERED NUMBER: 00443976)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 191,301 142,823
Other debtors - 1,846
191,301 144,669

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 20,500 128,119
Trade creditors 29,461 20,120
Amounts owed to group undertakings 79,999 79,999
Taxation and social security 50,295 75,225
Other creditors 6,220 21,856
186,475 325,319

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 393,083 55,833

9. SECURED DEBTS

Included in bank loans is an amount outstanding of £357,749.77 secured by way of a fixed and floating charge over the freehold property and all other assets of the company in favour of Reward Finance Group Limited.

10. POST BALANCE SHEET EVENTS

On 20th January 2025, Mr. Kenneth Altringham, a director of the company, passed away. The company remains operational with the appointment of Miss K Altringham as the new director of the company. The company has notified Companies House and updated the register of directors.