ATLAS_PLASTERING_&_DRY_LI - Accounts

ATLAS PLASTERING & DRY LINING (HOLDINGS) LIMITED - Company Information

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Company Registration No. 07524184 (England and Wales)

ATLAS PLASTERING & DRY LINING (HOLDINGS) LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2016

ATLAS PLASTERING & DRY LINING (HOLDINGS) LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

ATLAS PLASTERING & DRY LINING (HOLDINGS) LTD

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2016

- 1 -

2016

2015

Notes

Fixed assets

Investments

538,512

Current assets

Creditors: amounts falling due within one year

(5,854)

(73,861)

Net current liabilities

(5,854)

(73,861)

Total assets less current liabilities

532,658

464,651

Capital and reserves

Called up share capital

267,916

Profit and loss account

264,742

196,735

Shareholders' funds

532,658

464,651

For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 18 August 2016

Mr S J Martin

Director

Company Registration No. 07524184

ATLAS PLASTERING & DRY LINING (HOLDINGS) LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.4

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

Fixed assets

Investments

Cost

At 1 July 2015 & at 30 June 2016

538,512

At 30 June 2015

538,512

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

Atlas Plastering & Dry Lining Contractors Limited

England and Wales

Ordinary

100.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2016

Principal activity

Atlas Plastering & Dry Lining Contractors Limited

Plastering contractors

742,399

427,450

ATLAS PLASTERING & DRY LINING (HOLDINGS) LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

267,916 Ordinary of £1 each

267,916

Company name change

On 1 July 2015 the company changed its name from Allen Atlas Limited to Atlas Plastering & Dry Lining (Holdings) Limited.

Control

The ultimate controlling party is the director, Mr S J Martin, by virtue of his share holding.

Related party relationships and transactions

Included in other creditors is an amount £24 (2015: £24) due to the director Mr S J Martin. This loan is interest free and repayable on demand.

Included in other creditors is an amount £5,830 (2015: £73,837) owed to the subsidiary Atlas Plastering & Dry Lining Contractors Limited.

During the year the company received dividends totalling £350,000 (2015: £450,000) from the subsidiary Atlas Plastering & Dry Lining Contractors Limited.