Company registration number 03479478 (England and Wales)
AZTEC MODELMAKERS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
AZTEC MODELMAKERS LIMITED
COMPANY INFORMATION
Directors
Mr A J Smith
Mr R D Smith
Company number
03479478
Registered office
129-135 Fulwell Road
Teddington
Middlesex
England
TW11 0RJ
Accountants
Xeinadin South East Limited
12 Conqueror Court
Sittingbourne
Kent
United Kingdom
ME10 5BH
AZTEC MODELMAKERS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
AZTEC MODELMAKERS LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
15,318
206
Current assets
Stocks
6,692
9,625
Debtors
4
95,437
22,860
Cash at bank and in hand
51,246
204,772
153,375
237,257
Creditors: amounts falling due within one year
5
(125,094)
(128,607)
Net current assets
28,281
108,650
Total assets less current liabilities
43,599
108,856
Creditors: amounts falling due after more than one year
6
(4,625)
(14,881)
Provisions for liabilities
(3,829)
(52)
Net assets
35,145
93,923
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
35,045
93,823
Total equity
35,145
93,923
AZTEC MODELMAKERS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -

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

T he members have not required the company to obtain an audit of its financial statements for the year in question 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.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 2 April 2026 and are signed on its behalf by:
Mr R D Smith
Director
Company registration number 03479478 (England and Wales)
AZTEC MODELMAKERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information

Aztec Modelmakers Limited is a private company limited by shares incorporated in England and Wales. The registered office is 129-135 Fulwell Road, Teddington, Middlesex, England, TW11 0RJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

Revenue from the sale of specialised modelling items are recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% on cost
Computers
33% on cost

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.

1.4
Inventories

Inventories have been valued at the lower of cost and net realisable value estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture/completion.

AZTEC MODELMAKERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

AZTEC MODELMAKERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 5 -
1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
AZTEC MODELMAKERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
3
Tangible fixed assets
Plant and equipment
Computers
Total
£
£
£
Cost
At 1 January 2024
135,549
39,697
175,246
Additions
19,040
-
0
19,040
Disposals
-
0
(3,175)
(3,175)
At 31 December 2024
154,589
36,522
191,111
Depreciation and impairment
At 1 January 2024
135,415
39,625
175,040
Depreciation charged in the year
3,856
73
3,929
Eliminated in respect of disposals
-
0
(3,176)
(3,176)
At 31 December 2024
139,271
36,522
175,793
Carrying amount
At 31 December 2024
15,318
-
0
15,318
At 31 December 2023
134
72
206
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
4,041
5,192
Other debtors
91,396
17,668
95,437
22,860
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
10,375
10,119
Trade creditors
19,301
13,744
Taxation and social security
-
0
8,180
Other creditors
95,418
96,564
125,094
128,607
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
4,625
14,881
AZTEC MODELMAKERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
7
Related party transactions
Transactions with related parties

At the end of the period under review, the company owed 5th Axis Limited, a company under common control, £46,371 (2023: £46,371).

2024-12-31 2024-01-01 false false false 02 April 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr A J Smith Mr R D Smith 03479478 2024-01-01 2024-12-31 03479478 bus:Director1 2024-01-01 2024-12-31 03479478 bus:Director2 2024-01-01 2024-12-31 03479478 bus:RegisteredOffice 2024-01-01 2024-12-31 03479478 2024-12-31 03479478 2023-12-31 03479478 core:PlantMachinery 2024-12-31 03479478 core:ComputerEquipment 2024-12-31 03479478 core:PlantMachinery 2023-12-31 03479478 core:ComputerEquipment 2023-12-31 03479478 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 03479478 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 03479478 core:WithinOneYear 2024-12-31 03479478 core:WithinOneYear 2023-12-31 03479478 core:AfterOneYear 2024-12-31 03479478 core:AfterOneYear 2023-12-31 03479478 core:CurrentFinancialInstruments 2024-12-31 03479478 core:CurrentFinancialInstruments 2023-12-31 03479478 core:ShareCapital 2024-12-31 03479478 core:ShareCapital 2023-12-31 03479478 core:RetainedEarningsAccumulatedLosses 2024-12-31 03479478 core:RetainedEarningsAccumulatedLosses 2023-12-31 03479478 core:PlantMachinery 2024-01-01 2024-12-31 03479478 core:ComputerEquipment 2024-01-01 2024-12-31 03479478 2023-01-01 2023-12-31 03479478 core:PlantMachinery 2023-12-31 03479478 core:ComputerEquipment 2023-12-31 03479478 2023-12-31 03479478 core:Non-currentFinancialInstruments 2024-12-31 03479478 core:Non-currentFinancialInstruments 2023-12-31 03479478 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 03479478 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 03479478 bus:FRS102 2024-01-01 2024-12-31 03479478 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 03479478 bus:FullAccounts 2024-01-01 2024-12-31 xbrli:pure xbrli:shares iso4217:GBP