Astec Technology (UK) Limited - Accounts to registrar (filleted) - small 23.2.5
Astec Technology (UK) Limited - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| ASTEC TECHNOLOGY (UK) LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST MARCH 2023 |
| ASTEC TECHNOLOGY (UK) LIMITED (REGISTERED NUMBER: 08312842) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST MARCH 2023 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 | to | 5 |
| ASTEC TECHNOLOGY (UK) LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31ST MARCH 2023 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 20 Eversley Road |
| Bexhill-on-Sea |
| East Sussex |
| TN40 1HE |
| ASTEC TECHNOLOGY (UK) LIMITED (REGISTERED NUMBER: 08312842) |
| BALANCE SHEET |
| 31ST MARCH 2023 |
| 2023 | 2022 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 8 |
| Retained earnings | 8 | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The director acknowledges his 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director and authorised for issue on |
| ASTEC TECHNOLOGY (UK) LIMITED (REGISTERED NUMBER: 08312842) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST MARCH 2023 |
| 1. | STATUTORY INFORMATION |
| Astec Technology (UK) Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The accounts have been prepared on a going concern basis in accordance with the Note to the accounts. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Intangible fixed assets |
| Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
| Computer software - 33% on cost |
| Tangible fixed assets |
| Motor vehicles | - |
| Computer equipment | - |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Pension costs and other post-retirement benefits |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| ASTEC TECHNOLOGY (UK) LIMITED (REGISTERED NUMBER: 08312842) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST MARCH 2023 |
| 4. | INTANGIBLE FIXED ASSETS |
| Computer |
| software |
| £ |
| COST |
| At 1st April 2022 |
| and 31st March 2023 |
| AMORTISATION |
| At 1st April 2022 |
| and 31st March 2023 |
| NET BOOK VALUE |
| At 31st March 2023 |
| At 31st March 2022 |
| 5. | TANGIBLE FIXED ASSETS |
| Motor | Computer |
| vehicles | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1st April 2022 |
| Additions |
| At 31st March 2023 |
| DEPRECIATION |
| At 1st April 2022 |
| Charge for year |
| At 31st March 2023 |
| NET BOOK VALUE |
| At 31st March 2023 |
| At 31st March 2022 |
| Tangible fixed assets, previously owned by an associated company, were transferred into this company at their previous written down value, using a revaluation reserve, as there was no cost. |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| ASTEC TECHNOLOGY (UK) LIMITED (REGISTERED NUMBER: 08312842) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST MARCH 2023 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Bank loans and overdrafts |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 8. | RESERVES |
| Retained | Revaluation |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1st April 2022 | ( |
) | (69,912 | ) |
| Deficit for the year | ( |
) | ( |
) |
| Value of assets introduced | - | 34,765 | 34,765 |
| Transfer | 8,963 | (8,963 | ) | - |
| At 31st March 2023 | ( |
) | (48,796 | ) |
| 9. | GOING CONCERN |
| The company is dependent upon the support of its director and its parent company, who have confirmed their support for a period of at least twelve months. |