Atlas Business Park Limited - Accounts to registrar (filleted) - small 18.2
Atlas Business Park Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED |
| 31 MARCH 2019 |
| FOR |
| ATLAS BUSINESS PARK LIMITED |
| ATLAS BUSINESS PARK LIMITED (REGISTERED NUMBER: 03528147) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| ATLAS BUSINESS PARK LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MARCH 2019 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Pharmacy Chambers |
| High Street |
| Wadhurst |
| East Sussex |
| TN5 6AP |
| ATLAS BUSINESS PARK LIMITED (REGISTERED NUMBER: 03528147) |
| BALANCE SHEET |
| 31 MARCH 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| ATLAS BUSINESS PARK LIMITED (REGISTERED NUMBER: 03528147) |
| BALANCE SHEET - continued |
| 31 MARCH 2019 |
| 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 Profit and loss account has not been delivered. |
| The financial statements were approved by the director on |
| ATLAS BUSINESS PARK LIMITED (REGISTERED NUMBER: 03528147) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2019 |
| 1. | STATUTORY INFORMATION |
| Atlas Business Park Limited is a |
| and Wales. The company's registered number and registered office address can be found |
| on the Company Information page. |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents net invoiced sales of goods and services, excluding value added tax. |
| Tangible fixed assets |
| Freehold property | - |
| Plant and machinery | - |
| Motor vehicles | - |
| Office equipment | - |
| No depreciation has been provided on freehold property as it is considered to remain at its |
| carrying value. |
| All fixed assets are initially recorded at cost. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance |
| for obsolete and slow moving items. |
| ATLAS BUSINESS PARK LIMITED (REGISTERED NUMBER: 03528147) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2019 |
| 3. | ACCOUNTING POLICIES - continued |
| Financial instruments |
| 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 entity after deducting all of its financial liabilities. |
| Where the contractual obligations of financial instruments (including share capital) are |
| equivalent to a similar debt instrument, those financial instruments are classed as financial |
| liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and |
| gains or losses relating to financial liabilities are included in the profit and loss account. |
| Finance costs are calculated so as to produce a constant rate of return on the outstanding |
| liability. |
| Where the contractual terms of share capital do not have any terms meeting the definition of |
| a financial liability then this is classed as an equity instrument. Dividends and distributions |
| relating to equity instruments are debited direct to equity. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and |
| loss account, 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. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not |
| reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in |
| periods different from those in which they are recognised in financial statements. Deferred |
| tax is measured using tax rates and laws that have been enacted or substantively enacted |
| by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it |
| is probable that they will be recovered against the reversal of deferred tax liabilities or other |
| future taxable profits. |
| Hire purchase and leasing commitments |
| Operating leases and hire charges are shown in the profit and loss account in the year to |
| which they relate. |
| 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. |
| ATLAS BUSINESS PARK LIMITED (REGISTERED NUMBER: 03528147) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2019 |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 5. | TANGIBLE FIXED ASSETS |
| Freehold | Plant and | Motor | Office |
| property | machinery | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 April 2018 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) | ( |
) | ( |
) |
| At 31 March 2019 |
| DEPRECIATION |
| At 1 April 2018 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) | ( |
) |
| At 31 March 2019 |
| NET BOOK VALUE |
| At 31 March 2019 |
| At 31 March 2018 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade debtors |
| Provision for doubtful debts | (10,291 | ) | (6,042 | ) |
| Other debtors |
| Directors' current accounts | - | 42,597 |
| Tax recoverable |
| Prepayments and accrued income |
| ATLAS BUSINESS PARK LIMITED (REGISTERED NUMBER: 03528147) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2019 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Corporation tax |
| PAYE and social security |
| VAT | 18,010 | 24,043 |
| Other creditors |
| Chapman Chalk Supplies Ltd | 96,330 | 96,330 |
| Directors' current accounts | 2,317 | - |
| Accruals and deferred income |
| 8. | PROVISIONS FOR LIABILITIES |
| 2019 | 2018 |
| £ | £ |
| Deferred tax | 33,743 | 22,438 |
| Deferred |
| tax |
| £ |
| Balance at 1 April 2018 |
| Provided during year |
| Balance at 31 March 2019 |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2019 | 2018 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 10. | RELATED PARTY DISCLOSURES |
| Within creditors is a balance of £96,330 (2018: £96,330) due to Chapman Chalk Supplies |
| Ltd, with both sharing a common director. This balance is interest free and repayable on |
| demand. |