ATA CNC PROCESSES LIMITED - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10891396 (England and Wales)

Financial Statements

for the Year Ended 31st March 2021

for

ATA CNC PROCESSES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss M R Amos

P R Moore

REGISTERED OFFICE:

ATA House

Boundary Way

Hemel Hempstead

Hertfordshire

HP2 7SS

REGISTERED NUMBER:

10891396 (England and Wales)

ACCOUNTANTS:

Attenboroughs (Accountants) Limited

Chartered Certified Accountants

1 Tower House

Tower Centre

Hoddesdon

Hertfordshire

EN11 8UR

FIXED ASSETS

Tangible assets

4

7,987

10,650

CURRENT ASSETS

Stocks

5

166,148

114,168

Debtors

6

9,524

16,867

Cash at bank and in hand

67,479

72,992

243,151

204,027

CREDITORS

Amounts falling due within one year

7

237,582

229,901

NET CURRENT ASSETS/(LIABILITIES)

5,569

(25,874

)

TOTAL ASSETS LESS CURRENT LIABILITIES

13,556

(15,224

)

CREDITORS

Amounts falling due after more than one year

8

(44,167

)

-

PROVISIONS FOR LIABILITIES

(1,518

)

(2,024

)

NET LIABILITIES

(32,129

)

(17,248

)

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

(32,229

)

(17,348

)

SHAREHOLDERS' FUNDS

(32,129

)

(17,248

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2021 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 3rd December 2021 and were signed on its behalf by:

Miss M R Amos - Director

1.	STATUTORY INFORMATION

ATA CNC PROCESSES 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.

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1st April 2020

and 31st March 2021

16,990

DEPRECIATION

At 1st April 2020

6,340

Charge for year

2,663

At 31st March 2021

9,003

NET BOOK VALUE

At 31st March 2021

7,987

At 31st March 2020

10,650

5.

STOCKS

31/3/21

31/3/20

£

£

Stock of machines

166,148

114,168

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/21

31/3/20

£

£

Trade debtors

2,610

1,334

VAT

6,914

15,533

9,524

16,867

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/21

31/3/20

£

£

Bank loans and overdrafts

5,833

-

Trade creditors

45,397

47,114

Related company - Total CNC Solutions Limited

49,950

49,950

Related company - ATA

Engineering Processes Limited

134,987

81,487

Accrued expenses

1,415

51,350

237,582

229,901

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/21

31/3/20

£

£

Bank loans - 1-2 years

44,167

-

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/21

31/3/20

value:

£

£

100

Ordinary

£1

100

100

10.	RELATED PARTY DISCLOSURES

During the period the company was related to ATA (Engineering Processes) Limited and Total CNC Solutions Limited by virtue of their ownership of 50% each of the Ordinary Share Capital of the company. All transactions were made on an arms length basis. The amounts owed to them are shown in the notes to the financial statements.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Miss Marilyn Amos, the estate of Mrs Carol Spicer, Mr Paul Moore and Mrs Sally Moore, by virtue of their shareholdings in ATA (Engineering Processes) Limited and Total CNC Solutions Limited.