Registered number
02035744
ATM Automation Limited
Filleted Accounts
31 May 2025

ATM Automation Limited
Registered number: 02035744
Balance Sheet
as at 31 May 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
Fixed assets
Tangible assets | 5 |  |  | 81,847 |  |  | 69,168
|  |  |  | 81,847 |  |  | 69,168
Current assets
Stocks | 6 |  | 1,105,296 |  |  | 226,820
Debtors | 7 |  | 5,557,881 |  |  | 3,080,700
Cash at bank and in hand |  |  | 3,111,374 |  |  | 1,715,757
|  |  | 9,774,551 |  |  | 5,023,277
Creditors: amounts falling due within one year | 8 |  | (6,487,639) |  |  | (2,428,154)
Net current assets |  |  |  | 3,286,912 |  |  | 2,595,123
Total assets less current liabilities |  |  |  | 3,368,759 |  |  | 2,664,291
Creditors: amounts falling due after more than one year | 9 |  |  | - |  |  | (116,754)
Provisions for liabilities | 11 |  |  | (18,531) |  |  | -
Net assets |  |  |  | 3,350,228 |  |  | 2,547,537
Capital and reserves
Called up share capital | 12 |  |  | 10,000 |  |  | 10,000
Profit and loss account |  |  |  | 3,340,228 |  |  | 2,537,537
Shareholders' funds |  |  |  | 3,350,228 |  |  | 2,547,537
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Stevenson
Director
Approved by the board on 29 October 2025
The notes form part of these financial statements.

ATM Automation Limited
Notes to the Accounts
for the year ended 31 May 2025
1 | Statutory information
| ATM Automation Limited is a private company, limited by shares, incorporated in England and Wales. The company's registered number and registered office address can be found on the company information page.
| The presentation currency of the accounts is the pound sterling (£).
| The principal activity of the company continued to be that of the design, manufacture and sale of robotics.
2 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Companies Act 2006. The accounts have been prepared under the historical cost convention.
| Turnover
| Turnover 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. Turnover 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
| Turnover from the sale of goods is recognised when all of the following conditions are met:
| - 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.
| Tangible fixed assets
| Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.
| Plant and machinery | Straight line over 5 years
| Fixtures and fittings | Straight line over 10 years
| Computer equipment | Straight line over 5 years
| Stocks
| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurrend bringing stock to its present location and condition. Provision is made for damaged, obsolete and slow-moving stock where appropriate.
| Going concern
| At the time of approving the accounts, the directors have a reasonable expectation that the company has adequate resources to continue in operating existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the accounts.
| Taxation
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss account, 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 as the amount of tax payable using the 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 the 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 they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
| Research and development
| Expenditure on research and development is written off in the year in which it is incurred.
| Foreign currencies
| Assets and liabilities in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
| Operating leases
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
| Pensions
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
| Debtors
| Short term debtors are measured at transaction price, less any impairment.
| Creditors
| Short term creditors are measured at transaction price. Other financial liabilities, including bank loans, are measured initially at transaction value, net of transaction costs, and are measured subsequently at amortised cost determined using the effective interest method.
| Dividends
| Equity dividends are recognised when they become legally payable. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
| Interest income
| Interest income is recognised in profit or loss using the effective interest method.
| Borrowing costs
| All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 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.
| Long term contracts
| Turnover and profits on long term contracts are recognised in proportion to the stage of completion reached when the outcome can be assessed with reasonable certainty.
| Amounts recoverable on contracts are included within debtors and are stated at cost plus attributable profit less any foreseeable losses.
| Payments received in excess of amounts recoverable are included within creditors.
3 | Audit information
| Disclosure under Section 444(5B) of the Companies Act 2006.
| The Report of the Auditors was unqualified.
| Matt Hutchinson FCA FCCA (Senior Statutory Auditor)
| for and on behalf of The Rowleys Partnership Ltd.
| Date of audit report: | 29 October 2025
4 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | 40 |  | 40
5 | Tangible fixed assets
|  | Plant and machinery |  | Fixtures and fittings |  | Computer equipment |  | Total
£ | £ | £ | £
| Cost
| At 1 June 2024 | 148,250 |  | 194,165 |  | 300,228 |  | 642,643
| Additions | 12,475 |  | 8,087 |  | 22,574 |  | 43,136
| Disposals | (5,443) |  | (50,458) |  | (250,570) |  | (306,471)
| At 31 May 2025 | 155,282 |  | 151,794 |  | 72,232 |  | 379,308
| Depreciation
| At 1 June 2024 | 115,567 |  | 177,353 |  | 280,555 |  | 573,475
| Charge for the year | 15,954 |  | 5,112 |  | 9,391 |  | 30,457
| On disposals | (5,443) |  | (50,458) |  | (250,570) |  | (306,471)
| At 31 May 2025 | 126,078 |  | 132,007 |  | 39,376 |  | 297,461
| Net book value
| At 31 May 2025 | 29,204 |  | 19,787 |  | 32,856 |  | 81,847
| At 31 May 2024 | 32,683 |  | 16,812 |  | 19,673 |  | 69,168
6 | Stocks | 2025 |  | 2024
£ | £
| Raw materials | 266,424 |  | 191,549
| Work in progress | 838,872 |  | 35,271
|  |  |  |  |  | 1,105,296 |  | 226,820
7 | Debtors | 2025 |  | 2024
£ | £
| Trade debtors | 686,621 |  | 270,498
| Amounts recoverable on contracts | 1,894,994 |  | 462,833
| Amounts owed by group undertakings |  | 2,835,612 |  | 2,126,725
| Prepayments and accrued income |  |  |  | 36,409 |  | 24,988
| Other debtors | 104,245 |  | 195,656
|  |  |  |  |  | 5,557,881 |  | 3,080,700
8 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Bank loans and overdrafts | - |  | 93,396
| Trade creditors | 1,763,033 |  | 909,052
| Payments on accounts | 4,315,910 |  | 1,164,760
| Taxation and social security costs | 141,439 |  | 133,415
| Accruals and deferred income | 39,753 |  | 31,181
| Other creditors | 227,504 |  | 96,350
|  |  |  |  |  | 6,487,639 |  | 2,428,154
9 | Creditors: amounts falling due after one year | 2025 |  | 2024
£ | £
| Bank loans due in 2-5 years | - |  | 116,754
10 | Loans | 2025 |  | 2024
£ | £
| Creditors include:
| Secured bank loan | - |  | 210,150
| The bank loan is secured by a fixed debenture over the assets of the company.
11 | Provisions for liabilities | 2025 |  | 2024
£ | £
| Deferred tax | 18,531 |  | -
|  |  |  |  |  |  |  | Deferred tax
£
| Balance at 1 June 2024 | -
| Provided during year | 18,531
| Balance at 31 May 2025 | 18,531
12 | Called up share capital | 2025 |  | 2024
£ | £
| Allotted, issued and fully paid: | Nominal
| Number: | Class: | value:
| 10,000 | Ordinary | £1 |  | 10,000 |  | 10,000
13 | Other financial commitments | 2025 |  | 2024
£ | £
| Total future minimum payments under non-cancellable operating leases |  | 454,437 |  | 433,070
14 | Contingent liabilities
| The assets of the company are secured by way of a cross guarantee in favour of the bank loans and other loans in the ultimate parent undertaking, Mahtec Limited. At 31 May 2025, borrowings of £609,375 (2024: £1,210,150) were covered by this guarantee. These were repaid in full on 1 July 2025.
15 | Related party disclosures
| In accordance with FRS102 Section 33 "Related Party Disclosures", transactions with fellow group undertakings are not disclosed.
| Hopper Properties LLP, which shared a director with the company charged rent of £90,000 (2024: £80,004) to the company during the year in respect of the premises from which the company operates.
| During the year personal expenses were paid on behalf of a director and their close family member of £1,228 (2024:£2,281).
16 | Controlling party
| The immediate parent undertaking is ATM (Holdings) Limited. On 24 July 2025 the group headed up by Mahtec Limited was sold to Mahtec Employee-Ownership Trust which is managed by ATM Trustees Limited, as part of a strategic decision to set up an Employee Ownership Trust which now owns the organisation for the benefit of the employees. There is no one individual controlling the group.

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