Atemi Systems Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05312763 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2020

for

Atemi Systems Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

R D May

SECRETARY:

Mrs S A May

REGISTERED OFFICE:

Dane House

26 Taylor Road

Aylesbury

Buckinghamshire

HP21 8DR

REGISTERED NUMBER:

05312763 (England and Wales)

ACCOUNTANTS:

Account Direct Limited

Dane House

26 Taylor Road

Aylesbury

Buckinghamshire

HP21 8DR

FIXED ASSETS

Tangible assets

4

1,349

908

CURRENT ASSETS

Debtors

5

-

13,110

Cash at bank

58,082

42,655

58,082

55,765

CREDITORS

Amounts falling due within one year

6

28,390

28,591

NET CURRENT ASSETS

29,692

27,174

TOTAL ASSETS LESS CURRENT LIABILITIES

31,041

28,082

PROVISIONS FOR LIABILITIES

258

174

NET ASSETS

30,783

27,908

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

30,781

27,906

SHAREHOLDERS' FUNDS

30,783

27,908

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 September 2021 and were signed by:

R D May - Director

1.	STATUTORY INFORMATION

Atemi Systems 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.

Computer equipment

-

33% on cost

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2020

7,847

Additions

1,265

At 31 December 2020

9,112

DEPRECIATION

At 1 January 2020

6,939

Charge for year

824

At 31 December 2020

7,763

NET BOOK VALUE

At 31 December 2020

1,349

At 31 December 2019

908

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Trade debtors

-

13,110

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Trade creditors

-

1

Taxation and social security

26,434

27,095

Other creditors

1,956

1,495

28,390

28,591

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.20

31.12.19

value:

£

£

2

Ordinary

1.00

2

2