Astec Technology (UK) Limited - Limited company - abbreviated

REGISTERED NUMBER: 08312842 (England and Wales)

ASTEC TECHNOLOGY (UK) LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST MARCH 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

DIRECTORS:

P S Astell

M B Bates

REGISTERED OFFICE:

Astec House

Sedlescombe Road South

St Leonards on Sea

East Sussex

TN38 0TA

REGISTERED NUMBER:

08312842 (England and Wales)

ACCOUNTANTS:

Gibbons Mannington & Phipps LLP

Chartered Accountants

20 Eversley Road

Bexhill-on-Sea

East Sussex

TN40 1HE

FIXED ASSETS

Intangible assets

2

9,022

4,667

Tangible assets

3

4,759

9,517

13,781

14,184

CURRENT ASSETS

Stocks

-

1,428

Debtors

3,641

8,022

Cash at bank and in hand

21,840

6,159

25,481

15,609

CREDITORS

Amounts falling due within one year

83,194

62,145

NET CURRENT LIABILITIES

(57,713

)

(46,536

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(43,932

)

(32,352

)

CREDITORS

Amounts falling due after more than
one year

7,600

-

NET LIABILITIES

(51,532

)

(32,352

)

CAPITAL AND RESERVES

Called up share capital

4

150

Profit and loss account

(51,682

)

(32,502

)

SHAREHOLDERS' FUNDS

(51,532

)

(32,352

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 21st December 2015 and were
signed on its behalf by:

P S Astell - Director

1.	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.

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2014

7,000

Additions

10,033

At 31st March 2015

17,033

AMORTISATION

At 1st April 2014

2,333

Amortisation for year

5,678

At 31st March 2015

8,011

NET BOOK VALUE

At 31st March 2015

9,022

At 31st March 2014

4,667

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2014

and 31st March 2015

14,275

DEPRECIATION

At 1st April 2014

4,758

Charge for year

4,758

At 31st March 2015

9,516

NET BOOK VALUE

At 31st March 2015

4,759

At 31st March 2014

9,517

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

150

Ordinary

£1

150

5.	ULTIMATE PARENT COMPANY

Astec Holdings (UK) Limited is regarded by the directors as being the company's ultimate parent

company.

Astec Holdings (UK) Limited owns 80% of the issued share capital of the company.

6.	GOING CONCERN

The company is dependent upon the support of one of its directors and its associated companies

who have confirmed their support for a period of at least twelve months.

Astec Technology (UK) Limited - Limited company - abbreviated - 11.9

Astec Technology (UK) Limited - Limited company - abbreviated - 11.9