Atlas Refurbishment (Northern) Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 03403426 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

FOR

ATLAS REFURBISHMENT (NORTHERN) LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G J Guest

SECRETARY:

C Ward

REGISTERED OFFICE:

Unit 1

Atlas Business Park

Starnhill Close, Ecclesfield

Sheffield

S35 9TG

REGISTERED NUMBER:

03403426 (England and Wales)

ACCOUNTANTS:

Bryan Grey & Co

Broadfield House

18 Broadfield Road

Sheffield

S8 0XJ

FIXED ASSETS

Tangible assets

4

39,357

48,420

CURRENT ASSETS

Stocks

2,875

3,125

Debtors

608,238

271,230

Cash at bank and in hand

630,823

659,583

1,241,936

933,938

CREDITORS

Amounts falling due within one year

311,043

131,017

NET CURRENT ASSETS

930,893

802,921

TOTAL ASSETS LESS CURRENT LIABILITIES

970,250

851,341

CAPITAL AND RESERVES

Called up share capital

1,100

1,100

Retained earnings

969,150

850,241

SHAREHOLDERS' FUNDS

970,250

851,341

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 27th November 2023 and were signed by:

G J Guest - Director

1.	STATUTORY INFORMATION

Atlas Refurbishment (Northern) Ltd 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.

Improvements to leasehold premises

-

10% on reducing balance

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value , after making due allowances for obsolete and slow moving items. Work in progress is valued at cost plus the appropriate proportion of relevant overheads.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st April 2022

and 31st March 2023

190,575

DEPRECIATION

At 1st April 2022

142,155

Charge for year

9,063

At 31st March 2023

151,218

NET BOOK VALUE

At 31st March 2023

39,357

At 31st March 2022

48,420

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2023 and 31st March 2022:

2023

2022

£

£

R Guest and E Guest

Balance outstanding at start of year

-

46,615

Amounts repaid

-

(46,615

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-