ACCOUNTS - Final Accounts

ATMOS COMMS LIMITED - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseThe company's principal activity during the period was that of a marketing company for group business operations, providing PR, digital & social media marketing, public affairs and communication services33falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13508846 2022-04-01 2023-03-31 13508846 2021-07-13 2022-03-31 13508846 2023-03-31 13508846 2022-03-31 13508846 c:Director2 2022-04-01 2023-03-31 13508846 d:MotorVehicles 2022-04-01 2023-03-31 13508846 d:MotorVehicles 2023-03-31 13508846 d:MotorVehicles 2022-03-31 13508846 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 13508846 d:ComputerEquipment 2022-04-01 2023-03-31 13508846 d:ComputerEquipment 2023-03-31 13508846 d:ComputerEquipment 2022-03-31 13508846 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 13508846 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 13508846 d:CurrentFinancialInstruments 2023-03-31 13508846 d:CurrentFinancialInstruments 2022-03-31 13508846 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13508846 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 13508846 d:ShareCapital 2023-03-31 13508846 d:ShareCapital 2022-03-31 13508846 d:RetainedEarningsAccumulatedLosses 2023-03-31 13508846 d:RetainedEarningsAccumulatedLosses 2022-03-31 13508846 c:OrdinaryShareClass1 2022-04-01 2023-03-31 13508846 c:OrdinaryShareClass1 2023-03-31 13508846 c:OrdinaryShareClass1 2022-03-31 13508846 c:FRS102 2022-04-01 2023-03-31 13508846 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 13508846 c:FullAccounts 2022-04-01 2023-03-31 13508846 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 13508846 7 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13508846

ATMOS COMMS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

ATMOS COMMS LIMITED

CONTENTS

	Page
Balance Sheet	1 - 2
Notes to the Financial Statements	3 - 6

ATMOS COMMS LIMITED

REGISTERED NUMBER: 13508846

BALANCE SHEET

AS AT 31 MARCH 2023

		2023		2022
Note		£		£

Fixed assets
Tangible assets	4		390,775		-
			390,775		-
Current assets
Debtors: amounts falling due within one year	5	120,448		247,647
Cash at bank and in hand	6	159,859		-
		280,307		247,647
Creditors: amounts falling due within one year	7	(687,305)		(291,070)
Net current liabilities			(406,998)		(43,423)
Total assets less current liabilities			(16,223)		(43,423)

Net liabilities			(16,223)		(43,423)

Capital and reserves
Called up share capital	8	100	100
Profit and loss account		(16,323)	(43,523)
		(16,223)	(43,423)

Page 1

ATMOS COMMS LIMITED

REGISTERED NUMBER: 13508846

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

J Burns

Director

Date: 15 December 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2

ATMOS COMMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

1.	General information

Atmos Comms Limited is a private company, limited by shares, incoporated in England and Wales with registration number 13508846. The registered office is Union House, 12 - 16 St. Michaels Street, Oxford, England, OX1 2DU.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been prepared on a going concern basis which assumes the continued financial support of the directors, who have provided confirmation of their intention to provide such financial support as is necessary for the company to continue its operations for the foreseeable future and at least 12 months from the date of signing of the financial statements.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

ATMOS COMMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Motor vehicles	-	10%	Straight-line method
				Computer equipment	-	33%	Straight-line method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.9

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.

2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 4

ATMOS COMMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).

4.	Tangible fixed assets

	Motor vehicles	Computer equipment	Total
	£	£	£
Cost or valuation
Additions	400,000	775	400,775
At 31 March 2023	400,000	775	400,775
Depreciation
Charge for the year on owned assets	10,000	-	10,000
At 31 March 2023	10,000	-	10,000
Net book value
At 31 March 2023	390,000	775	390,775
At 31 March 2022	-	-	-

Debtors

					2023	2022
					£	£


Trade debtors	114,915	65,784
Other debtors	1,059	17,445
Prepayments and accrued income	4,474	164,418
	120,448	247,647

Page 5

ATMOS COMMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

6.	Cash and cash equivalents
		2023	2022
		£	£

Cash at bank and in hand	159,859	-
	159,859	-

7.	Creditors: Amounts falling due within one year
		2023	2022
		£	£

Trade creditors	462,544	64,627
Other taxation and social security	22,124	4,604
Amounts owed to connected companies	183,661	206,375
Accruals and deferred income	18,976	15,464
	687,305	291,070

8.	Share capital
		2023	2022
		£	£

Allotted, called up and fully paid

100 (2022 - 100) Ordinary shares of £1.00 each	100	100

9.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £1,321 (2022 - £770). Contributions totalling £294 (2022 - £Nil) were payable to the fund at the balance sheet date and are included in creditors.

10.	Related party transactions
	During the period, the company made recharges of £1,128,167 (2022 - £167,111) to other entities under common control. At the balance sheet date £107,608 (2022 - £65,784) due from other entities under common control is included in trade debtors and £438,849 (2022 - £26,795) due to other entities is included in trade creditors.

Page 6