Abbreviated Company Accounts - ATLAS DIGITAL LIMITED

ATLAS DIGITAL LIMITED - Company Information

07442766 ATLAS DIGITAL LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 07442766 2014-04-01 2015-03-31 07442766 2015-03-31 07442766 2014-03-31 07442766 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 07442766 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 07442766

ATLAS DIGITAL LIMITED

Abbreviated Accounts

31 March 2015

ATLAS DIGITAL LIMITED Registered Number 07442766

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	2	2,458
		2	2,458
Current assets
Stocks		4,582	5,811
Debtors		16,082	18,308
Cash at bank and in hand		80,657	58,368
		101,321	82,487
Creditors: amounts falling due within one year		(107,373)	(92,356)
Net current assets (liabilities)		(6,052)	(9,869)
Total assets less current liabilities		(6,050)	(7,411)
Total net assets (liabilities)		(6,050)	(7,411)
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		(6,052)	(7,413)
Shareholders' funds		(6,050)	(7,411)

For the year ending 31 March 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 23 December 2015

And signed on their behalf by:
J Gasienica, Director

ATLAS DIGITAL LIMITED Registered Number 07442766

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts are prepared under the historical cost convention and comply with financial reporting standards of the Accounting Standards Board.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Plant and machinery - 25% straight line basis

Other accounting policies
Stock

Stock is valued at the lower of cost and net realisable value.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the transactions. All differences are taken to the Profit and Loss account.

Going concern

There was a net deficiency of assets of £6,045 at the year end. However, the director and the connected companies have confirmed their commitment to continue support for the accounts to be prepared on a going concern basis.

2Tangible fixed assets

	£
Cost
At 1 April 2014	13,108
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	13,108
Depreciation
At 1 April 2014	10,650
Charge for the year	2,456
On disposals	-
At 31 March 2015	13,106
Net book values
At 31 March 2015	2
At 31 March 2014	2,458

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
2 Ordinary shares of £1 each	2	2