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Registration number: 09597723

Advanced Technology Manufacturing Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Advanced Technology Manufacturing Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 11

 

Advanced Technology Manufacturing Limited

Company Information

Director

Mr Christopher Taylor

Registered office

403 Bradford Road
Batley
West Yorkshire
WF17 5LY

 

Advanced Technology Manufacturing Limited

(Registration number: 09597723)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

569,848

559,865

Investment property

5

88,963

88,963

Investments

6

2,600

1,000

 

661,411

649,828

Current assets

 

Debtors

7

4,643

48,640

Creditors: Amounts falling due within one year

8

(511,437)

(531,940)

Net current liabilities

 

(506,794)

(483,300)

Total assets less current liabilities

 

154,617

166,528

Creditors: Amounts falling due after more than one year

8

(150,236)

(164,753)

Provisions for liabilities

(3,617)

(1,393)

Net assets

 

764

382

Capital and reserves

 

Called up share capital

9

100

100

Retained earnings

664

282

Shareholders' funds

 

764

382

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 12 June 2025
 

.........................................
Mr Christopher Taylor
Director

 

Advanced Technology Manufacturing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
403 Bradford Road
Batley
West Yorkshire
WF17 5LY
England

These financial statements were authorised for issue by the director on 12 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the rent of property in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Advanced Technology Manufacturing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

Straight line between 5 and 10 years

Investment property

Investment property is stated at cost. It is not revalued by external valuers. Due impairment is provided for any recognised loss in value where the directors consider necessary.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Advanced Technology Manufacturing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Advanced Technology Manufacturing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Land and buildings
£

Other tangible assets
£

Total
£

Cost or valuation

At 1 October 2023

552,538

9,157

561,695

Additions

1,672

13,951

15,623

At 30 September 2024

554,210

23,108

577,318

Depreciation

At 1 October 2023

832

998

1,830

Charge for the year

2,962

2,678

5,640

At 30 September 2024

3,794

3,676

7,470

Carrying amount

At 30 September 2024

550,416

19,432

569,848

At 30 September 2023

551,706

8,159

559,865

Included within the net book value of land and buildings above is £550,416 (2023 - £551,706) in respect of freehold land and buildings.
 

5

Investment properties

2024
£

At 1 October

88,963

At 30 September

88,963

Investment property is stated at cost. It has not been revalued, impairment is provided for any recognised loss in value.

There has been no valuation of investment property by an independent valuer.

 

Advanced Technology Manufacturing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

6

Investments

2024
£

2023
£

Investments in subsidiaries

2,600

1,000

Subsidiaries

£

Cost or valuation

At 1 October 2023

1,000

Additions

1,600

At 30 September 2024

2,600

Carrying amount

At 30 September 2024

2,600

At 30 September 2023

1,000

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

Walker & Smith Limited

403 Bradford Road
Batley
West Yorkshire
WF17 5LY

England and Wales

Ordinary

100%

100%

Advanced Technology Cutting Limited

403 Bradford Road
Batley
West Yorkshire
WF17 5LY

England and Wales

Ordinary A

80%

80%

Chris Taylor Fabrications Limited

403 Bradford Road
Batley
West Yorkshire
WF17 5LY

England and Wales

Ordinary

100%

100%

 

Advanced Technology Manufacturing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

Advanced Technology Assemblies Limited

403 Bradford Road
Batley
West Yorkshire
WF17 5LY

England and Wales

Ordinary A

80%

0%

Safe& Limited

403 Bradford Road
Batley
West Yorkshire
WF17 5LY

England and Wales

Ordinary A

80%

0%

Subsidiary undertakings

Walker & Smith Limited

The principal activity of Walker & Smith Limited is engineering services to the recycling industry.

Advanced Technology Cutting Limited

The principal activity of Advanced Technology Cutting Limited is metal profiling and forming services.

Chris Taylor Fabrications Limited

The principal activity of Chris Taylor Fabrications Limited is steel fabrication.

Advanced Technology Assemblies Limited

The principal activity of Advanced Technology Assemblies Limited is as a dormant company.

Safe& Limited

The principal activity of Safe& Limited is as a dormant company.

7

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

4,643

4,863

Amounts owed by related parties

12

-

29,040

Other debtors

 

-

14,737

   

4,643

48,640

 

Advanced Technology Manufacturing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

10

20,071

20,081

Trade creditors

 

1,575

-

Amounts owed to group undertakings and undertakings in which the company has a participating interest

12

439,906

509,015

Taxation and social security

 

1,882

-

Accruals and deferred income

 

1,500

2,835

Other creditors

 

46,503

9

 

511,437

531,940

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

10

150,236

164,753

 

Advanced Technology Manufacturing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

10

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

150,236

164,753

Current loans and borrowings

2024
£

2023
£

Bank borrowings

20,071

20,070

Bank overdrafts

-

11

20,071

20,081

11

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of guarantees not included in the balance sheet is £409,781 (2023 - £519,972). The Company, in common with its subsidiaries, has provided a guarantee and legal mortgage to cover all present and future debts due by group companies to HSBC UK Bank plc, which at 30 September 2024 amounted to £409,781 (2023: £519,972).

 

Advanced Technology Manufacturing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

12

Related party transactions

Loans to related parties

2024

Subsidiary
£

Total
£

At start of period

29,040

29,040

Repaid

(29,040)

(29,040)

At end of period

-

-

2023

Subsidiary
£

Total
£

Advanced

34,800

34,800

Repaid

(5,760)

(5,760)

At end of period

29,040

29,040

Terms of loans to related parties

During the period a non interest bearing loan which the company had made available to its subsidiary, Advanced Technology Cutting Limited was repaid.
 

Loans from related parties

2024

Subsidiary
£

Total
£

At start of period

509,015

509,015

Advanced

1,600

1,600

Repaid

(70,709)

(70,709)

At end of period

439,906

439,906

2023

Subsidiary
£

Total
£

At start of period

401,823

401,823

Advanced

107,192

107,192

At end of period

509,015

509,015

Terms of loans from related parties

During the period the company received a non interest bearing loan from its subsidiaries, Walker & Smith Limited and Advanced Technology Cutting Limited. New loans were received from Advanced Technology Assemblies Limited and Safe& Limited.