| REGISTERED NUMBER: |
| APPLIED MANUFACTURING TECHNOLOGIES LTD |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| REGISTERED NUMBER: |
| APPLIED MANUFACTURING TECHNOLOGIES LTD |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| APPLIED MANUFACTURING TECHNOLOGIES LTD (REGISTERED NUMBER: 04627792) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| APPLIED MANUFACTURING TECHNOLOGIES LTD |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Castle Chambers |
| 6 Westgate Hill |
| Pembroke |
| Pembrokeshire |
| SA71 4LB |
| BANKERS: |
| Cardiff City Branch |
| 1-4 High Street |
| Cardiff |
| CF1 2PX |
| APPLIED MANUFACTURING TECHNOLOGIES LTD (REGISTERED NUMBER: 04627792) |
| BALANCE SHEET |
| 31 DECEMBER 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the Board of Directors and authorised for issue on |
| APPLIED MANUFACTURING TECHNOLOGIES LTD (REGISTERED NUMBER: 04627792) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 1. | STATUTORY INFORMATION |
| Applied Manufacturing Technologies Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents net invoiced sales of services, excluding value added tax. |
| Tangible fixed assets |
| Plant and Machinery | - |
| Computer equipment | - |
| Stocks |
| Work in progress is valued at the lower of cost and net realisable value. |
| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
| 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 transaction. Exchange differences are taken into account in arriving at the operating result. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and | Computer |
| Machinery | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 January 2024 |
| Additions |
| At 31 December 2024 |
| DEPRECIATION |
| At 1 January 2024 |
| Charge for year |
| At 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 December 2023 |
| APPLIED MANUFACTURING TECHNOLOGIES LTD (REGISTERED NUMBER: 04627792) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | RELATED PARTY DISCLOSURES |
| The Company traded with Applied Manufacturing Technologies LP (registered in the USA) during the year. Income of £29,706 (2023 £31,009) is included in reimbursable engineering in the profit and loss account. £194,627 (2023 £164,921) is outstanding at the Balance Sheet date and is included in trade debtors in the Balance Sheet. Expenses of £328,942 (2023 £351,014) is included in fixed price engineering in the profit and loss account. £13,028 (2023 £50,350) is outstanding at the Balance Sheet date and is included in trade creditors in the Balance Sheet. |
| The Company also traded with Applied Manufacturing Technologies SL (registered in Spain) during the year. Income of £374,077 (2023 £479,674) is included in reimbursable engineering in the profit and loss account. £1,914,376 (2023 £1,540,298) is outstanding at the Balance Sheet date and is included in trade debtors in the Balance Sheet. Expenses of £642,395 (2023 £651,786) is included in fixed price engineering in the profit and loss account. £2,107,048 (2023 £1,590,220) is outstanding at the Balance Sheet date and is included in trade creditors in the Balance Sheet. Applied Manufacturing Technologies SL is also owned by Applied Manufacturing Technologies LP. |
| The Company also traded with Nippon Applied Manufacturing Technologies Company Limited (registered in Japan) during the year. Expenses of £5,484 (2023 £32,604) is included in fixed price engineering in the profit and loss account. £220,236 (2023 £220,236) is outstanding at the Balance Sheet date and is included in trade creditors. Nippon Applied Manufacturing Technologies Company Limited is also owned by Applied Manufacturing Technologies LP. |
| The transfer price is set at the same rate as that charged to third party clients. |