Atrium Access Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02539814 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Atrium Access Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountant's Report

9

DIRECTORS:

Mrs R M Bellis

I Bellis

REGISTERED OFFICE:

C7-C8

Spectrum Business Centre

Anthony's Way

Rochester

Kent

ME2 4NP

REGISTERED NUMBER:

02539814 (England and Wales)

ACCOUNTANT:

Aspirations Accountancy Ltd

C7-C8

Spectrum Business Centre

Anthony's Way

Rochester

Kent

ME2 4NP

FIXED ASSETS

Tangible assets

4

1,138,700

1,079,343

Investments

5

145,000

145,000

1,283,700

1,224,343

CURRENT ASSETS

Stocks

65,000

141,827

Debtors

6

305,002

213,006

Cash at bank

128,581

6,729

498,583

361,562

CREDITORS

Amounts falling due within one year

7

311,789

192,605

NET CURRENT ASSETS

186,794

168,957

TOTAL ASSETS LESS CURRENT LIABILITIES

1,470,494

1,393,300

CREDITORS

Amounts falling due after more than one year

8

(301,925

)

(279,863

)

PROVISIONS FOR LIABILITIES

(42,705

)

(88,960

)

NET ASSETS

1,125,864

1,024,477

CAPITAL AND RESERVES

Called up share capital

140,100

140,100

Revaluation reserve

10

283,750

283,750

Retained earnings

702,014

600,627

SHAREHOLDERS' FUNDS

1,125,864

1,024,477

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 applicable to companies subject to the small companies regime.

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 24 December 2019 and were signed on its behalf by:

I Bellis - Director

1.	STATUTORY INFORMATION

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

Turnover

Turnover represents the net consideration and consideration receivable, excluding discounts, rebates, value

added tax and other taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs

in bringing stocks to their present location and condition.

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.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under

finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital

element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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 21 (2018 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 April 2018

935,000

501,290

79,034

1,515,324

Additions

-

89,998

27,250

117,248

At 31 March 2019

935,000

591,288

106,284

1,632,572

DEPRECIATION

At 1 April 2018

14,044

410,894

11,043

435,981

Charge for year

7,022

27,059

23,810

57,891

At 31 March 2019

21,066

437,953

34,853

493,872

NET BOOK VALUE

At 31 March 2019

913,934

153,335

71,431

1,138,700

At 31 March 2018

920,956

90,396

67,991

1,079,343

Included in cost of land and buildings is freehold land of £ 583,902 (2018 - £ 583,902 ) which is not

depreciated.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2018

81,113

Additions

22,000

At 31 March 2019

103,113

DEPRECIATION

At 1 April 2018

4,133

Charge for year

23,810

At 31 March 2019

27,943

NET BOOK VALUE

At 31 March 2019

75,170

At 31 March 2018

76,980

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2018

and 31 March 2019

145,000

NET BOOK VALUE

At 31 March 2019

145,000

At 31 March 2018

145,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

273,398

169,271

Other debtors

31,604

43,735

305,002

213,006

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

20,991

20,061

Hire purchase contracts

52,169

11,520

Trade creditors

69,536

77,102

Taxation and social security

149,785

67,443

Other creditors

19,308

16,479

311,789

192,605

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Bank loans

214,776

236,665

Hire purchase contracts

87,149

43,198

301,925

279,863

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

130,813

138,815

9.	SECURED DEBTS

The following secured debts are included within creditors:

2019

2018

£

£

Bank loans

235,767

256,726

The bank loan of which £235,767 (2018: £256,726) was outstanding at the balance sheet date, is secured by

a debenture over the company's assets and property.

10.

RESERVES

Revaluation

reserve

£

At 1 April 2018

and 31 March 2019

283,750

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2019 and

31 March 2018:

2019

2018

£

£

I Bellis

Balance outstanding at start of year

(240

)

-

Amounts advanced

45,000

-

Amounts repaid

(46,560

)

(240

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,800

)

(240

)

12.	ULTIMATE CONTROLLING PARTY

The controlling party is I Bellis.

The ultimate controlling party is I Bellis.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and

the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the

financial statements of Atrium Access Limited for the year ended 31 March 2019 which comprise the Income

Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting

records and from information and explanations you have given me.

As a practising member of the Association of Chartered Certified Accountants, I am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Atrium Access Limited, as a body, in accordance with my terms of engagement. My work has been undertaken solely to prepare for your approval the financial statements of Atrium Access Limited and state those matters that I have agreed to state to the Board of Directors of Atrium Access Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for my work or for this report.

It is your duty to ensure that Atrium Access Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Atrium Access Limited. You consider that Atrium Access Limited is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Atrium Access Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

Aspirations Accountancy Ltd

C7-C8

Spectrum Business Centre

Anthony's Way

Rochester

Kent

ME2 4NP

24 December 2019