Atrium Education Ltd Filleted accounts for Companies House (small and micro)

ATRIUM EDUCATION LTD - Company Information

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COMPANY REGISTRATION NUMBER: 13999244

Atrium Education Ltd

Filleted Unaudited Financial Statements

31 August 2023

Atrium Education Ltd

Statement of Financial Position

31 August 2023

	31 Aug 23
Note	£

Fixed assets

Tangible assets	5	18,783

Current assets

Debtors	6	13,232
Cash at bank and in hand		358
		--------
		13,590

Creditors: amounts falling due within one year	7	171,610
		---------
Net current liabilities		158,020
		---------
Total assets less current liabilities		( 139,237)
		---------
Net liabilities		( 139,237)
		---------

Capital and reserves

Called up share capital	100
Profit and loss account	( 139,337)
	---------
Shareholders deficit	( 139,237)
	---------

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 Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the Period ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Atrium Education Ltd

Statement of Financial Position (continued)

31 August 2023

These financial statements were approved by the board of directors and authorised for issue on 30 November 2023 , and are signed on behalf of the board by:

Mr D Carden

Director

Company registration number: 13999244

Atrium Education Ltd

Notes to the Financial Statements

Period from 23 March 2022 to 31 August 2023

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Newingate School, 48 New Dover Road, Canterbury, CT1 3DT, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	33% straight line
Equipment	-	20% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the Period amounted to 4 .

5. Tangible assets

	Plant and machinery	Equipment	Total
	£	£	£
Cost
At 23 March 2022	–	–	–
Additions	2,650	20,790	23,440
	-------	--------	--------
At 31 August 2023	2,650	20,790	23,440
	-------	--------	--------
Depreciation
At 23 March 2022	–	–	–
Charge for the period	861	3,796	4,657
	-------	--------	--------
At 31 August 2023	861	3,796	4,657
	-------	--------	--------
Carrying amount
At 31 August 2023	1,789	16,994	18,783
	-------	--------	--------

6. Debtors

	31 Aug 23
	£
Other debtors	13,232
	--------

7. Creditors: amounts falling due within one year

	31 Aug 23
	£
Bank loans and overdrafts	42,992
Social security and other taxes	2,097
Other creditors	126,521
	---------
	171,610
	---------