Caseware UK (AP4) 2024.0.164 2024.0.164 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrue2024-05-01falseNo description of principal activity99false 01188550 2024-05-01 2025-04-30 01188550 2023-05-01 2024-04-30 01188550 2025-04-30 01188550 2024-04-30 01188550 2023-05-01 01188550 1 2024-05-01 2025-04-30 01188550 1 2023-05-01 2024-04-30 01188550 5 2023-05-01 2024-04-30 01188550 d:Director3 2024-05-01 2025-04-30 01188550 d:Director4 2024-05-01 2025-04-30 01188550 e:Buildings 2024-05-01 2025-04-30 01188550 e:Buildings 2025-04-30 01188550 e:Buildings 2024-04-30 01188550 e:CurrentFinancialInstruments 2025-04-30 01188550 e:CurrentFinancialInstruments 2024-04-30 01188550 e:Non-currentFinancialInstruments 2025-04-30 01188550 e:Non-currentFinancialInstruments 2024-04-30 01188550 e:CurrentFinancialInstruments e:WithinOneYear 2025-04-30 01188550 e:CurrentFinancialInstruments e:WithinOneYear 2024-04-30 01188550 e:ShareCapital 2025-04-30 01188550 e:ShareCapital 2024-04-30 01188550 e:ShareCapital 2023-05-01 01188550 e:SharePremium 2024-05-01 2025-04-30 01188550 e:SharePremium 2025-04-30 01188550 e:SharePremium 1 2024-05-01 2025-04-30 01188550 e:SharePremium 2024-04-30 01188550 e:SharePremium 2023-05-01 01188550 e:SharePremium 1 2023-05-01 2024-04-30 01188550 e:RevaluationReserve 2024-05-01 2025-04-30 01188550 e:RevaluationReserve 2025-04-30 01188550 e:RevaluationReserve 1 2024-05-01 2025-04-30 01188550 e:RevaluationReserve 2024-04-30 01188550 e:RevaluationReserve 2023-05-01 01188550 e:RevaluationReserve 5 2023-05-01 2024-04-30 01188550 e:RevaluationReserve 8 2023-05-01 2024-04-30 01188550 e:RetainedEarningsAccumulatedLosses 2024-05-01 2025-04-30 01188550 e:RetainedEarningsAccumulatedLosses 2025-04-30 01188550 e:RetainedEarningsAccumulatedLosses 1 2024-05-01 2025-04-30 01188550 e:RetainedEarningsAccumulatedLosses 2023-05-01 2024-04-30 01188550 e:RetainedEarningsAccumulatedLosses 2024-04-30 01188550 e:RetainedEarningsAccumulatedLosses 2023-05-01 01188550 e:RetainedEarningsAccumulatedLosses 1 2023-05-01 2024-04-30 01188550 e:OtherDeferredTax 2025-04-30 01188550 e:OtherDeferredTax 2024-04-30 01188550 d:FRS102 2024-05-01 2025-04-30 01188550 d:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 01188550 d:FullAccounts 2024-05-01 2025-04-30 01188550 d:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 01188550 2 2024-05-01 2025-04-30 01188550 5 2024-05-01 2025-04-30 01188550 e:ShareCapital 1 2024-05-01 2025-04-30 01188550 e:ShareCapital 1 2023-05-01 2024-04-30 01188550 f:PoundSterling 2024-05-01 2025-04-30 01188550 e:RetainedEarningsAccumulatedLosses 5 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 01188550










Astrosyn International Technology Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 30 April 2025

 
Astrosyn International Technology Limited
Registered number: 01188550

Balance sheet
As at 30 April 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
310,000
310,000

  
310,000
310,000

Current assets
  

Stocks
 5 
151,195
137,933

Debtors: amounts falling due after more than one year
 6 
669,275
3,532,500

Debtors: amounts falling due within one year
 6 
189,424
934,982

Cash at bank and in hand
  
533,731
352,111

  
1,543,625
4,957,526

Creditors: amounts falling due within one year
 7 
(336,021)
(771,167)

Net current assets
  
 
 
1,207,604
 
 
4,186,359

Total assets less current liabilities
  
1,517,604
4,496,359

Provisions for liabilities
  

Deferred tax
 8 
(13,094)
(9,951)

  
 
 
(13,094)
 
 
(9,951)

Net assets
  
1,504,510
4,486,408


Capital and reserves
  

Called up share capital 
  
91,400
91,400

Share premium account
 9 
2,400
2,400

Revaluation reserve
 9 
231,432
234,575

Profit and loss account
 9 
1,179,278
4,158,033

  
1,504,510
4,486,408


Page 1

 
Astrosyn International Technology Limited
Registered number: 01188550

Balance sheet (continued)
As at 30 April 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 August 2025.



Mrs H J Gould
Miss A Hart-Bowgen
Director
Director

The notes on pages 4 to 11 form part of these financial statements.

Page 2

 
Astrosyn International Technology Limited
 

Statement of changes in equity
For the year ended 30 April 2025


Called up share capital
Share premium account
Revaluation reserve
Profit and loss account
Total equity

£
£
£
£
£


At 1 May 2023
91,400
2,400
121,862
3,718,699
3,934,361



Profit for the year
-
-
-
439,334
439,334

Transfer depreciation on revaluation of freehold property
-
-
122,664
-
122,664

Deferred tax movement on freehold property
-
-
(9,951)
-
(9,951)



At 1 May 2024
91,400
2,400
234,575
4,158,033
4,486,408


Comprehensive income for the year

Profit for the year
-
-
-
553,745
553,745

Deferred tax movement on freehold property
-
-
(3,143)
-
(3,143)


Contributions by and distributions to owners

Dividends: Equity capital
-
-
-
(3,532,500)
(3,532,500)


At 30 April 2025
91,400
2,400
231,432
1,179,278
1,504,510


The notes on pages 4 to 11 form part of these financial statements.

Page 3

 
Astrosyn International Technology Limited
 

 
Notes to the financial statements
For the year ended 30 April 2025

1.


General information

Astrosyn International Technology Limited is a limited liability company incorporated in England.  The address of the registered office and principal place of business is The Old Courthouse, New Road Avenue, Chatham, Kent, ME4 6BE. The company's principal activity continues to be that of the design, development and distribution of electronic, electrical and mechanical equipment.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Directors assess whether the use of going concern is appropriate i.e. whether there are any
material uncertainties related to events or conditions that may cast significant doubt on the ability of
the company to continue as a going concern.  The Directors make this assessment in respect of a
period of at least one year from the date of authorisation for issue of the financial statements and
have concluded that the company has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the company's ability to continue as a going concern, thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 4

 
Astrosyn International Technology Limited
 

 
Notes to the financial statements
For the year ended 30 April 2025

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.6

Research and development

Research and development expenditure is written off in the year in which it is incurred.

 
2.7

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.8

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.9

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 5

 
Astrosyn International Technology Limited
 

 
Notes to the financial statements
For the year ended 30 April 2025

2.Accounting policies (continued)

 
2.10

Current and deferred taxation

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

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.11

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
Nil

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 6

 
Astrosyn International Technology Limited
 

 
Notes to the financial statements
For the year ended 30 April 2025

2.Accounting policies (continued)

 
2.12

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.13

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.14

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.15

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.16

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.17

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.






Page 7

 
Astrosyn International Technology Limited
 

 
Notes to the financial statements
For the year ended 30 April 2025

3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2024 - 9).


4.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 May 2024
310,000



At 30 April 2025

310,000






Net book value



At 30 April 2025
310,000



At 30 April 2024
310,000

Cost or valuation at 30 April 2025 is as follows:

Land and buildings
£


At cost
73,586
At valuation:

Revaluation surplus 2024
236,414



310,000

If the land and buildings had not been included at valuation they would have been included under the historical cost convention as follows:

2025
2024
£
£



Cost
73,586
73,586

Net book value
73,586
73,586

Page 8

 
Astrosyn International Technology Limited
 

 
Notes to the financial statements
For the year ended 30 April 2025

5.


Stocks

2025
2024
£
£

Finished goods and goods for resale
151,195
137,933

151,195
137,933



6.


Debtors

2025
2024
£
£

Due after more than one year

Amounts owed by group undertakings
669,275
-

Other debtors
-
3,532,500

669,275
3,532,500


2025
2024
£
£

Due within one year

Trade debtors
169,858
564,203

Other debtors
61
350,000

Prepayments and accrued income
19,505
20,779

189,424
934,982



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
91,649
433,315

Corporation tax
147,281
163,654

Other taxation and social security
41,687
143,238

Other creditors
125
-

Accruals and deferred income
55,279
30,960

336,021
771,167


Page 9

 
Astrosyn International Technology Limited
 

 
Notes to the financial statements
For the year ended 30 April 2025

8.


Deferred taxation




2025


£






At beginning of year
(9,951)


Charged to other comprehensive income
(3,143)



At end of year
(13,094)

The provision for deferred taxation is made up as follows:

2025
2024
£
£


Revaluation of freehold property
(13,094)
(9,951)

(13,094)
(9,951)


9.


Reserves

Share premium account

This reserve records the amount above the nominal value received for shares issued by the company.  Share premium may only be utilised to write-off any expenses incurred or commissions paid on the issue of those shares, or to pay up new shares to be allotted to members as fully paid bonus shares.

Revaluation reserve

Prior to the adoption of FRS102 the company adopted the revaluation model for the measurement of its land and buildings.  This reserve records the legacy revaluation surplus recognised less any related provision for deferred tax. 

Profit and loss account

This reserve comprises all current and prior period retained profits and losses after deducting any distributions made to the company's shareholders. 


10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £11,369 (2024 - £47,022). No contributions were payable to the fund at the balance sheet date (2024 - £Nil).

Page 10

 
Astrosyn International Technology Limited
 

 
Notes to the financial statements
For the year ended 30 April 2025

11.


Related party transactions

Key management personnel
The directors and certain senior employees who have authority and responsibility for planning, directing and controlling the activities of the company are considered to be key management personnel. Total remuneration in respect of these individuals is £111,314 (2024 - £134,341).


12.


Controlling party

The company is a wholly owned subsidiary undertaking of Astrosyn Limited, itself a wholly owned subsidiary company of Astrosyn Holdings Limited, both companies incorporated in England and Wales, whose ultimate controlling parties are Miss A Hart-Bowgen and Mrs HJ Gould.
Dividends of £3,532,500 were paid to Astrosyn Limited during the year (2024 - £nil).

Page 11