Company Registration No. 03360534 (England and Wales)
Artronics Manufacturing Limited
Unaudited accounts
for the year ended 30 April 2025
Artronics Manufacturing Limited
Unaudited accounts
Contents
Artronics Manufacturing Limited
Company Information
for the year ended 30 April 2025
Directors
Mr R Kavaliauskas
Mr A Kavliauskas
Company Number
03360534 (England and Wales)
Registered Office
SUITE L3
SOUTH FENS BUSINESS CENTRE, FENTON WAY
CHATTERIS
CAMBRIDGESHIRE
PE16 6TT
Accountants
Eden Accounting Ltd
Suite L3
South Fens Business Centre
CHATTERIS
Cambs
Pe16 6TT
Artronics Manufacturing Limited
Statement of financial position
as at 30 April 2025
Tangible assets
29,090
38,870
Investment property
550,000
500,000
Inventories
292,420
289,765
Cash at bank and in hand
3,716,676
3,280,840
Creditors: amounts falling due within one year
(1,353,231)
(1,484,535)
Net current assets
3,034,349
2,559,875
Net assets
3,613,439
3,098,745
Called up share capital
105
105
Profit and loss account
3,613,334
3,098,640
Shareholders' funds
3,613,439
3,098,745
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2025 and were signed on its behalf by
Mr R Kavaliauskas
Director
Company Registration No. 03360534
Artronics Manufacturing Limited
Notes to the Accounts
for the year ended 30 April 2025
Artronics Manufacturing Limited is a private company, limited by shares, registered in England and Wales, registration number 03360534. The registered office is SUITE L3, SOUTH FENS BUSINESS CENTRE, FENTON WAY, CHATTERIS, CAMBRIDGESHIRE, PE16 6TT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing basis
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Artronics Manufacturing Limited
Notes to the Accounts
for the year ended 30 April 2025
4
Tangible fixed assets
Plant & machinery
Fair value at 1 May 2024
500,000
Amounts falling due within one year
Trade debtors
378,484
473,805
7
Creditors: amounts falling due within one year
2025
2024
Trade creditors
64,305
162,484
Taxes and social security
640,520
414,125
Loans from directors
539,045
137,242
8
Average number of employees
During the year the average number of employees was 7 (2024: 7).