Company No: 12142572 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	E C Lane
	T J Lane

REGISTERED OFFICE	Milkwood Salisbury Road
	Broughton
	Stockbridge
	SO20 8BX
	United Kingdom

COMPANY NUMBER

12142572 (England and Wales)

ACCOUNTANT	Martin and Company Accountants Limited
	25 St Thomas Street
	Winchester
	SO23 9HJ

	Note	31.12.2024		31.12.2023
		£		£
Fixed assets
Tangible assets	3	28,083		18,586
		28,083		18,586
Current assets
Stocks		9,515		14,920
Debtors	4	91,157		43,533
Cash at bank and in hand		44,898		9,866
		145,570		68,319
Creditors: amounts falling due within one year	5	( 78,766)		( 71,544)
Net current assets/(liabilities)		66,804		(3,225)
Total assets less current liabilities		94,887		15,361
Creditors: amounts falling due after more than one year	6	( 86,256)		( 19,955)
Provision for liabilities		( 7,021)		( 3,531)
Net assets/(liabilities)		1,610		( 8,125)
Capital and reserves
Called-up share capital		100		100
Profit and loss account		1,510		( 8,225 )
Total shareholders' funds/(deficit)		1,610		( 8,125)

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of A T H Machinery Limited (registered number: 12142572) were approved and authorised for issue by the Board of Directors on 23 September 2025. They were signed on its behalf by:

E C Lane Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

A T H Machinery Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Milkwood Salisbury Road, Broughton, Stockbridge, SO20 8BX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

At the balance sheet date the company has net liabilities and is dependent on the support of the directors to continue trading. The directors have reviewed the foreseeable future and therefore the accounts have been prepared on a going concern basis.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	20 % reducing balance
Vehicles	20 % reducing balance

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Rentals paid under operating leases are charged on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Employees

	31.12.2024		31.12.2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	6		5

3. Tangible assets

	Plant and machinery		Vehicles		Total
	£		£		£
Cost
At 01 January 2024	17,746		18,700		36,446
Additions	14,835		0		14,835
At 31 December 2024	32,581		18,700		51,281
Accumulated depreciation
At 01 January 2024	6,820		11,040		17,860
Charge for the financial year	3,806		1,532		5,338
At 31 December 2024	10,626		12,572		23,198
Net book value
At 31 December 2024	21,955		6,128		28,083
At 31 December 2023	10,926		7,660		18,586

4. Debtors

	31.12.2024		31.12.2023
	£		£
Trade debtors	28,511		43,368
Other debtors	62,646		165
	91,157		43,533

5. Creditors: amounts falling due within one year

	31.12.2024		31.12.2023
	£		£
Bank loans	10,148		9,944
Trade creditors	13,807		6,187
Taxation and social security	30,151		22,092
Other creditors	24,660		33,321
	78,766		71,544

There are no amounts included above in respect of which any security has been given by the small entity.

6. Creditors: amounts falling due after more than one year

	31.12.2024		31.12.2023
	£		£
Bank loans	9,589		19,955
Other creditors	76,667		0
	86,256		19,955

Other loans are secured in full, by way of a personal guarantee.

7. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	31.12.2024		31.12.2023
	£		£
within one year	14,721		5,609
between one and five years	17,322		9,367
	32,043		14,976

8. Related party transactions

Transactions with owners holding a participating interest in the entity

	31.12.2024		31.12.2023
	£		£
Loan from shareholder	0		30,000

During the previous year the company received a loan of £30,000 which during the current year, has been repaid in full. Interest paid in the current year equates to 3% of loan value.

Transactions with the entity's directors

	31.12.2024		31.12.2023
	£		£
Personal guarantee	96,667		0

During the year, one of the Directors has given a personal guarantee in relation to company borrowing. The maximum liability is £96,667 (2023: £nil).