ATL (North East) Limited,Ltd - Accounts

ATL (North East) Limited,Ltd - Accounts

ATL (NORTH EAST) LIMITED - Company Information

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2015-03-01 true false Private Limited Company 04917717 2016-02-29 04917717 2015-03-01 2016-02-29 04917717 2015-02-28 04917717 2014-03-01 2015-02-28 04917717 uk-bus:Director1 2015-03-01 2016-02-29 04917717 uk-gaap:CommercialMotorVehicles 2015-03-01 2016-02-29 04917717 uk-gaap:FixturesFittings 2015-03-01 2016-02-29 04917717 uk-bus:OrdinaryShareClass1 2016-02-29 04917717 uk-bus:OrdinaryShareClass2 2016-02-29 04917717 uk-bus:OrdinaryShareClass3 2016-02-29 04917717 uk-bus:OrdinaryShareClass4 2016-02-29 iso4217:GBP
ATL (North East) Limited
For the period ended 29 February 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 04917717
2
Contents Page
ATL (North East) Limited
For the period ended 29 February 2016
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
3
ATL (North East) Limited
Chartered Accountants' Report
For the period ended 29 February 2016
Chartered Accountants' Report to the Board of Directors
In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the
accounts of ATL (North East) Limited for the period ended 29 February 2016 which comprise the Profit and Loss
Account, the Balance Sheet and the related notes from the company's accounting records and from information
and explanations you have given us.
As a practising firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its
ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of ATL (North East) Limited, as a body, in accordance with the
terms of our engagement letter dated 30 November 2016. Our work has been undertaken solely to prepare for your
approval the accounts of ATL (North East) Limited and state those matters that we have agreed to state to the
Board of Directors of ATL (North East) Limited, as a body, in this report in accordance with AAF 2/10 as detailed at
icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone
other than ATL (North East) Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that ATL (North East) Limited has kept adequate accounting records to prepare statutory
accounts that give a true and fair view of the assets, liabilities, financial position and loss of ATL (North East)
Limited. You consider that ATL (North East) Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of ATL (North East) Limited. For this
reason, we have not verified the accuracy or completeness of the accounting records or information and
explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Brewster & Co.
5a Station Terrace
East Boldon
Tyne & Wear
NE36 0LJ
30 November 2016
Dated:
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4
Abbreviated Balance Sheet
ATL (North East) Limited
As at 29 February 2016
04917717
Registered Number :
£
£
2016
Notes
2015
Fixed assets
Tangible assets
2
3,744
7,089
3,744
7,089
Current assets
Stocks
2,500
2,500
Debtors
67,842
50,056
Cash at bank and in hand
105
124
52,661
70,466
Creditors: amounts falling due within one year
(73,015)
(57,319)
(2,549)
(4,658)
Net current liabilities
Total assets less current liabilities
(914)
4,540
Creditors: amounts falling due after more than one year
(5,776)
(2,986)
(3,900)
Net liabilities
(1,236)
Capital and reserves
Called up share capital
100
3
100
Profit and loss account
(4,000)
(1,336)
(3,900)
(1,236)
Shareholders funds
For the period ended 29 February 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476;
2) The director acknowledges his 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.
Date approved by the board: 30 November 2016
Mr Terry Gilchrist Director
Signed on behalf of the board of directors
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5
Notes to the Abbreviated Financial Statements
ATL (North East) Limited
For the period ended 29 February 2016
1 Accounting Policies
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. An amount equal to the excess of the annual depreciation charge on revalued assets over the notional historic cost depreciation charge on those assets is transferred annually from the revaluation reserve to the profit and loss reserve. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles
25% Straight line
Fixtures and Fittings
20% Straight line
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and
rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets
and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks 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 costs and an appropriate proportion of fixed and variable overheads.
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6
Notes to the Abbreviated Financial Statements
ATL (North East) Limited
For the period ended 29 February 2016
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
13,383
At 01 March 2015
At 29 February 2016
13,383
Depreciation
6,294
At 01 March 2015
3,345
Charge for period
9,639
At 29 February 2016
Net book values
At 29 February 2016
3,744
7,089
At 28 February 2015
3 Share capital
Authorised
10 Ordinary shares of £1.00 each
30 A Ordinary shares of £1.00 each
30 B Ordinary shares of £1.00 each
30 C Ordinary shares of £1.00 each
Allotted called up and fully paid
2016
2015
£
£
10 Ordinary shares of £1.00 each
10
10
30 A Ordinary shares of £1.00 each
30
30
30 B Ordinary shares of £1.00 each
30
30
30 C Ordinary shares of £1.00 each
30
30
100
100
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