Company Registration No. 07079152 (England and Wales)
ATLAS MOBILITY LTD
Abbreviated unaudited accounts
for the period from 1 April 2015 to 31 May 2016
ATLAS MOBILITY LTD
Abbreviated Balance Sheet
as at 31 May 2016
Intangible assets
-
26,500
Cash at bank and in hand
65,393
24,722
Creditors: amounts falling due within one year
(67,873)
(61,703)
Net current assets/(liabilities)
2
(12,214)
Total assets less current liabilities
2
14,288
Creditors: amounts falling due after more than one year
-
(10,000)
Called up share capital
2
2
Profit and loss account
-
4,286
Total shareholders' funds
2
4,288
For the period ending 31 May 2016 the company was entitled to exemption from audit 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 1 September 2016
Neil Howell
Director
Company Registration No. 07079152
ATLAS MOBILITY LTD
Notes to the Abbreviated Accounts
for the period from 1 April 2015 to 31 May 2016
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20 % Straight Line
Motor vehicles
20 % Straight Line
Fixtures & fittings
20 % Straight Line
Computer equipment
20 % Straight Line
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax of a material amount is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
.
2
Intangible fixed assets
Goodwill
ATLAS MOBILITY LTD
Notes to the Abbreviated Accounts
for the period from 1 April 2015 to 31 May 2016
3
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
At 1 April 2015
686
4,200
869
5,755
Disposals
(686)
(4,200)
(869)
(5,755)
At 1 April 2015
685
4,200
868
5,753
Charge for the year
1
-
1
2
On disposals
(686)
(4,200)
(869)
(5,755)
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
