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REGISTERED NUMBER: 03303461 (England and Wales)















AUTOMATED TECHNOLOGY EUROPE LIMITED

Unaudited Financial Statements for the Year Ended 31 December 2024






AUTOMATED TECHNOLOGY EUROPE LIMITED (REGISTERED NUMBER: 03303461)






Contents of the Financial Statements
for the year ended 31 December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


AUTOMATED TECHNOLOGY EUROPE LIMITED

Company Information
for the year ended 31 December 2024







Directors: C Carberry
A Howlett



Secretary: A Howlett



Registered office: Ysgubor Celyn
Llanarmon Mynydd Mawr
Llanrhaeadr Ym Mochnant
Powys
SY10 0EB



Registered number: 03303461 (England and Wales)



Accountants: Cooper Parry Advisory Limited
CUBO Birmingham
4th Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX



Bankers: HSBC
90 High Street
Coleshill
Birmingham
West Midlands
B46 3AQ

AUTOMATED TECHNOLOGY EUROPE LIMITED (REGISTERED NUMBER: 03303461)

Statement of Financial Position
31 December 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 5,649 7,532
5,649 7,532

Current assets
Debtors 6 59,300 57,527
Cash at bank 9 98
59,309 57,625
Creditors
Amounts falling due within one year 7 149,286 129,817
Net current liabilities (89,977 ) (72,192 )
Total assets less current liabilities (84,328 ) (64,660 )

Creditors
Amounts falling due after more than one year 8 283,152 283,152
Net liabilities (367,480 ) (347,812 )

Capital and reserves
Called up share capital 500 500
Retained earnings 10 (367,980 ) (348,312 )
Shareholders' funds (367,480 ) (347,812 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 June 2025 and were signed on its behalf by:




C Carberry - Director


AUTOMATED TECHNOLOGY EUROPE LIMITED (REGISTERED NUMBER: 03303461)

Notes to the Financial Statements
for the year ended 31 December 2024

1. Statutory information

Automated Technology Europe 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.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at costless any accumulated amortisation and any accumulated impairment losses.

Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Patents and licences - Over 10 years

The useful economic life of patents and licences has been revised to 10 years.

Fixed assets
All fixed assets are initially recorded at cost.

Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value,over the useful economic life of that asset as follows:

Fixtures and fittings - 25 % straight line
Motor vehicles - 25 % straight line
Computer equipment - 25 % straight line

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.

Foreign currencies
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 rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

AUTOMATED TECHNOLOGY EUROPE LIMITED (REGISTERED NUMBER: 03303461)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

2. Accounting policies - continued

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4. Intangible fixed assets
Patents
and
licences
£   
Cost
At 1 January 2024
and 31 December 2024 556,293
Amortisation
At 1 January 2024
and 31 December 2024 556,293
Net book value
At 31 December 2024 -
At 31 December 2023 -

5. Tangible fixed assets
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Cost
At 1 January 2024
and 31 December 2024 6,441 16,760 39,885 63,086
Depreciation
At 1 January 2024 6,441 11,260 37,853 55,554
Charge for year - 1,375 508 1,883
At 31 December 2024 6,441 12,635 38,361 57,437
Net book value
At 31 December 2024 - 4,125 1,524 5,649
At 31 December 2023 - 5,500 2,032 7,532

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Other debtors 59,300 57,527

AUTOMATED TECHNOLOGY EUROPE LIMITED (REGISTERED NUMBER: 03303461)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 22,014 21,155
Taxation and social security - 1
Other creditors 127,272 108,661
149,286 129,817

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 283,152 283,152

9. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 283,152 283,152

10. Reserves
Retained
earnings
£   

At 1 January 2024 (348,312 )
Deficit for the year (19,668 )
At 31 December 2024 (367,980 )

11. Related party transactions

C R Carberry, a director of the company, has the controlling interest in the share capital of the company.

The directors each have a loan account with the company. At the year end there was a balance of £124,670 owed to C R Carberry (2023: £107,435), and a balance of £26 owed to A J Howlett (2023: £26).

There is a balance in other debtors of £58,818 (2023: £54,951) due from Lowry Industries Limited, a company owned by Mr C R Carberry.