Astec Technology (UK) Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 08312842 (England and Wales)

ASTEC TECHNOLOGY (UK) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2017

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

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

3

-

3,345

Tangible assets

4

-

-

-

3,345

CURRENT ASSETS

Debtors

5

60

60

Cash at bank

245

2,176

305

2,236

CREDITORS

Amounts falling due within one year

6

69,723

66,191

NET CURRENT LIABILITIES

(69,418

)

(63,955

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(69,418

)

(60,610

)

CREDITORS

Amounts falling due after more than one year

7

-

5,200

NET LIABILITIES

(69,418

)

(65,810

)

CAPITAL AND RESERVES

Called up share capital

150

150

Retained earnings

(69,568

)

(65,960

)

SHAREHOLDERS' FUNDS

(69,418

)

(65,810

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 21st December 2017 and were signed on its behalf by:

P S Astell - Director

1.	STATUTORY INFORMATION

Astec Technology (UK) Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the

Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on a going concern basis in accordance with the Note to the

accounts.

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

3.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1st April 2016

and 31st March 2017

17,033

AMORTISATION

At 1st April 2016

13,688

Amortisation for year

3,345

At 31st March 2017

17,033

NET BOOK VALUE

At 31st March 2017

-

At 31st March 2016

3,345

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1st April 2016

and 31st March 2017

14,275

DEPRECIATION

At 1st April 2016

and 31st March 2017

14,275

NET BOOK VALUE

At 31st March 2017

-

At 31st March 2016

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Amounts owed by group undertakings

60

60

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other loans

-

2,400

Amounts owed to group undertakings

69,723

63,791

69,723

66,191

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Other loans - 1-2 years

-

2,400

Other loans - 2-5 years

-

2,800

-

5,200

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P S Astell.

The owner of 100% of the issued share capital in Astec Holdings (UK) Limited, the parent

company.

9.	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.

10.	FIRST YEAR ADOPTION

In preparing the accounts, the company has considered whether in applying the accounting policies

required by FRS 102 the restatement of comparative items was required. No prior period

adjustments were necessary.