ATLAS MASTERGAS LIMITED - Abbreviated accounts 16.1

REGISTERED NUMBER: 03320522 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

FOR

ATLAS MASTERGAS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountants

6

DIRECTORS:

F L D Leyland

L Meller

Mrs K M Leyland

REGISTERED OFFICE:

15 Turner Street

Ashton under Lyne

OL6 8LT

REGISTERED NUMBER:

03320522 (England and Wales)

ACCOUNTANTS:

Jane Cooksey Limited

FCCA

Saddleworth Business Centre

Huddersfield Road, Delph

Oldham

Lancashire

OL3 5DF

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

23,518

30,127

23,518

30,127

CURRENT ASSETS

Stocks

3,150

3,025

Debtors

27,079

20,347

Cash at bank and in hand

70,380

46,861

100,609

70,233

CREDITORS

Amounts falling due within one year

76,347

49,654

NET CURRENT ASSETS

24,262

20,579

TOTAL ASSETS LESS CURRENT
LIABILITIES

47,780

50,706

CREDITORS

Amounts falling due after more than one
year

-

(20,000

)

PROVISIONS FOR LIABILITIES

(4,193

)

(5,402

)

NET ASSETS

43,587

25,304

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

43,487

25,204

SHAREHOLDERS' FUNDS

43,587

25,304

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 9 August 2016 and were signed on its
behalf by:

F L D Leyland - Director

L Meller - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

6,250

AMORTISATION

At 1 May 2015

and 30 April 2016

6,250

NET BOOK VALUE

At 30 April 2016

-

At 30 April 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

142,545

Additions

1,230

At 30 April 2016

143,775

DEPRECIATION

At 1 May 2015

112,418

Charge for year

7,839

At 30 April 2016

120,257

NET BOOK VALUE

At 30 April 2016

23,518

At 30 April 2015

30,127

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on

pages two to five) have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2016 set out on pages three to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Jane Cooksey Limited

FCCA

Saddleworth Business Centre

Huddersfield Road, Delph

Oldham

Lancashire

OL3 5DF

9 August 2016