Atlantic Trampolines Limited - Accounts

Atlantic Trampolines Limited - Accounts

ATLANTIC TRAMPOLINES LIMITED - Company Information

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Registered Number: 05997103
England and Wales

 

 

 

ATLANTIC TRAMPOLINES LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 February 2021

End date: 31 January 2022

Atlantic Trampolines Limited
Contents Page
For the year ended 31 January 2022
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 January 2022 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
LJ Accountancy Services Ltd
31 January 2022



....................................................
LJ Accountancy Services Ltd
85 Queen Street
Pembroke Dock
SA72 6JE
10 June 2022
1
 
 		 Notes
 		 2022
£		   2021
£
Fixed assets      
Tangible fixed assets 6,137    8,664 
6,137    8,664 
Current assets      
Stocks 1,273,013    246,369 
Debtors 70,209    84,641 
Cash at bank and in hand 80,478    738,314 
1,423,700    1,069,324 
Creditors: amount falling due within one year (431,705)   (445,553)
Net current assets 991,995    623,771 
 
Total assets less current liabilities 998,132    632,435 
Creditors: amount falling due after more than one year (211,750)   0 
Net assets 786,382    632,435 
 

Capital and reserves 		     
Called up share capital 100    100 
Profit and loss account 786,282    632,335 
Shareholder's funds 786,382    632,435 
 


For the year ended 31 January 2022 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 10 June 2022 and were signed on its behalf by:


--------------------------------
Andrew Jardine
Director
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General Information
Atlantic Trampolines Limited is a private company, limited by shares, registered in England and Wales, registration number 05997103, registration address Bounce House Unit 1, London Road Industrial Estate, Pembroke Dock, Pembrokeshire, SA72 4RZ

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 5 years Straight Line
Fixtures and Fittings 5 years Straight Line
Motor Vehicles 5 years Straight Line
Plant and Machinery 5 years Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 5 (2021 : 4).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Computer Equipment   Fixtures and Fittings   Motor Vehicles   Total
  £   £   £   £   £
At 01 February 2021 18,542    5,561    16,470    5,000    45,573 
Additions -    -    -    -    - 
Disposals -    -    -    -    - 
At 31 January 2022 18,542    5,561    16,470    5,000    45,573 
Depreciation
At 01 February 2021 15,898    5,561    10,450    5,000    36,909 
Charge for year 847    -    1,680    -    2,527 
On disposals -    -    -    -    - 
At 31 January 2022 16,745    5,561    12,130    5,000    39,436 
Net book values
Closing balance as at 31 January 2022 1,797    -    4,340    -    6,137 
Opening balance as at 01 February 2021 2,644    -    6,020    -    8,664 


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