ATR Trading Co Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: NI004630 (Northern Ireland)

Financial Statements for the Year Ended 31 December 2021

for

ATR Trading Co Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A T Robinson

SECRETARY:

P Greene

REGISTERED OFFICE:

23 Ballyblack Road

Newtownards

Co. Down

BT22 2AP

REGISTERED NUMBER:

NI004630 (Northern Ireland)

ACCOUNTANTS:

Cleaver Black

Chartered Accountants

Suite 5 Ormeau House

91-97 Ormeau Road

Belfast

Co. Antrim

BT7 1SH

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

-

-

Investments

6

1,038,500

1,073,903

1,038,500

1,073,903

CURRENT ASSETS

Debtors

7

33,820

23,308

Cash at bank

62,759

66,468

96,579

89,776

CREDITORS

Amounts falling due within one year

8

(55,122

)

(25,744

)

NET CURRENT ASSETS

41,457

64,032

TOTAL ASSETS LESS CURRENT LIABILITIES

1,079,957

1,137,935

PENSION LIABILITY

(471,000

)

(471,000

)

NET ASSETS

608,957

666,935

CAPITAL AND RESERVES

Called up share capital

224,000

224,000

Capital redemption reserve

22,880

22,880

Retained earnings

362,077

420,055

SHAREHOLDERS' FUNDS

608,957

666,935

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2022 and were signed by:

A T Robinson - Director

1.	STATUTORY INFORMATION

ATR Trading Co Ltd is a private company, limited by shares , registered in Northern Ireland. 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 as modified by the revaluation of certain assets.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of one years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Investments in associates

Investments in associate undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2021

and 31 December 2021

30,000

AMORTISATION

At 1 January 2021

and 31 December 2021

30,000

NET BOOK VALUE

At 31 December 2021

-

At 31 December 2020

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2021

and 31 December 2021

7,595

DEPRECIATION

At 1 January 2021

and 31 December 2021

7,595

NET BOOK VALUE

At 31 December 2021

-

At 31 December 2020

-

6.	FIXED ASSET INVESTMENTS

2021

2020

£

£

Participating interests

1,038,500

1,050,000

Loans to undertakings in which the company has a participating interest

-

23,903

1,038,500

1,073,903

Additional information is as follows:

Interest

in

associate

£

COST

At 1 January 2021

1,050,000

Disposals

(11,500

)

At 31 December 2021

1,038,500

NET BOOK VALUE

At 31 December 2021

1,038,500

At 31 December 2020

1,050,000

Loans to

other

participating

interests

£

At 1 January 2021

23,903

Repayment in year

(23,903

)

At 31 December 2021

-

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Sales Ledger Control

25,383

3,408

Tax

8,437

18,126

VAT

-

1,774

33,820

23,308

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Purchase Ledger Control

44,606

13,944

VAT

546

-

Directors' current accounts

2,270

-

Accrued expenses

7,700

11,800

55,122

25,744