Company Registration No. 10449607 (England and Wales)
Advanced Technology Trading Company Ltd
Unaudited accounts
for the year ended 31 January 2022
Advanced Technology Trading Company Ltd
Unaudited accounts
Contents
Advanced Technology Trading Company Ltd
Company Information
for the year ended 31 January 2022
Directors
Mr C Bosher
Mr S M Nolan
Mr S D Philp
Company Number
10449607 (England and Wales)
Registered Office
Redwood 2 Crockford Lane,
Chineham Business Park
Chineham, Basingstoke
Hampshire
RG24 8WQ
Accountants
Anthistle Craven
Moreton House
31 High Street
Buckingham
Bucks
MK18 1NU
Advanced Technology Trading Company Ltd
Statement of financial position
as at 31 January 2022
Investments
2,680,717
2,680,717
Cash at bank and in hand
392,634
203,387
Creditors: amounts falling due within one year
(1,351,799)
(1,216,568)
Net current liabilities
(545,230)
(644,337)
Net assets
2,135,487
2,036,380
Called up share capital
196
196
Share premium
2,477,406
2,477,406
Profit and loss account
(342,115)
(441,222)
Shareholders' funds
2,135,487
2,036,380
For the year ending 31 January 2022 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 6 September 2022 and were signed on its behalf by
Mr S D Philp
Director
Company Registration No. 10449607
Advanced Technology Trading Company Ltd
Notes to the Accounts
for the year ended 31 January 2022
Advanced Technology Trading Company Ltd is a private company, limited by shares, registered in England and Wales, registration number 10449607. The registered office is Redwood 2 Crockford Lane, , Chineham Business Park, Chineham, Basingstoke, Hampshire, RG24 8WQ.
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:
Fixtures & fittings
20% Straight Line
Computer equipment
33 % Straight Line
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.
Investments in subsidiaries are measured at cost less accumulated impairment.
Advanced Technology Trading Company Ltd
Notes to the Accounts
for the year ended 31 January 2022
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2021
5,431
3,484
8,915
At 31 January 2022
5,431
3,484
8,915
At 1 February 2021
5,431
3,484
8,915
At 31 January 2022
5,431
3,484
8,915
5
Investments
Subsidiary undertakings
Valuation at 1 February 2021
2,680,717
Valuation at 31 January 2022
2,680,717
6
Debtors: amounts falling due within one year
2022
2021
Trade debtors
327,199
286,007
Accrued income and prepayments
6,779
7,122
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Creditors: amounts falling due within one year
2022
2021
Trade creditors
96,546
96,766
Amounts owed to group undertakings and other participating interests
917,265
839,981
Taxes and social security
8,464
6,621
Other creditors
2,641
4,227
Deferred income
316,000
257,390
Allotted, called up and fully paid:
196 Ordinary shares of £1 each
196
196
Advanced Technology Trading Company Ltd
Notes to the Accounts
for the year ended 31 January 2022
9
Transactions with related parties
Included in Turnover in the current year there are £93,186, (2021 £90,915) cross charged invoices relating to EKM Global Limited, the subsidiary company of Advanced Technology Trading Company Limited.
Included in Turnover in the current year there are £1,264,000, (2021 £1,035,138) in sales relating to Tech Data GmbH & Co. OHG, a related company which is part of the TD-Synnex Group.
Included in Other Direct Costs in the current year there are £732,293 (2021 £619,798) cross charged expenses relating to EKM Global Limited, the subsidiary company of Advanced Technology Trading Company Limited.
At 31 January 2022, £985,625 (2021 £896,648) was owed to EKM Global Limited from its parent company Advanced Technology Trading Company Limited.
At 31 January 2022, £316,000 (2021 £256,915.) was owed to the to Advanced Technology Trading Company Limited from a related group company Tech Data GmbH & Co. OHG.
The parent company of Advanced Technology Trading Company Limited is TD United Kingdom Acquisition Limited and are part of the TD-Synnex group.
The company registered office address is Redwood 2 Crockford Lane, Chineham Business Park, Chineham, Basingstoke, Hampshire, RG24 8WQ.
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Average number of employees
During the year the average number of employees was 1 (2021: 1).
