Atlantic Tank Clean Barry Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04082023 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

FOR

ATLANTIC TANK CLEAN BARRY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P M Rees

Mrs P Murphy

SECRETARY:

REGISTERED OFFICE:

Unit 6 Atlantic Business Park

Hayes Road

Barry

Vale of Glamogan

CF23 8AA

REGISTERED NUMBER:

04082023 (England and Wales)

ACCOUNTANT:

Linghams Chartered Accountants

(Lingham Accountancy Limited)

(Part of the Waterfront Accountancy Group Limited)

7-8 Raleigh Walk

Waterfront 2000

Brigantine Place

Cardiff

South Glamorgan

CF10 4LN

FIXED ASSETS

Tangible assets

4

121,977

118,283

CURRENT ASSETS

Debtors

5

215,220

178,597

Cash at bank

108,053

169,404

323,273

348,001

CREDITORS

Amounts falling due within one year

6

82,335

83,502

NET CURRENT ASSETS

240,938

264,499

TOTAL ASSETS LESS CURRENT LIABILITIES

362,915

382,782

PROVISIONS FOR LIABILITIES

17,506

22,305

NET ASSETS

345,409

360,477

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

345,309

360,377

SHAREHOLDERS' FUNDS

345,409

360,477

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2020 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 and authorised for issue on 20 April 2021 and were signed on its behalf by:

Mrs P Murphy - Director

1.	STATUTORY INFORMATION

Atlantic Tank Clean Barry 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

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.

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 5 (2019 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2019

303,947

Additions

38,395

Disposals

(540

)

At 30 April 2020

341,802

DEPRECIATION

At 1 May 2019

185,664

Charge for year

34,161

At 30 April 2020

219,825

NET BOOK VALUE

At 30 April 2020

121,977

At 30 April 2019

118,283

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.20

30.4.19

£

£

Trade debtors

101,053

93,538

Other debtors

114,167

85,059

215,220

178,597

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.20

30.4.19

£

£

Trade creditors

7,577

5,573

Taxation and social security

18,309

23,312

Other creditors

56,449

54,617

82,335

83,502

7.	RELATED PARTY DISCLOSURES

The company is controlled by Mr P Rees, who is the effective 100% shareholder and a director.

During the year equipment rental charges from PM Rees & Sons 2000 Limited were £ 20,000

At the year end included in other debtors (note ) is a balance of £ 110,000 for a loan to PM Rees & Sons Limited (FY 2019 £ 80,000)