ATLAS LIFTS AND SERVICES LIM - Accounts 2014
ATLAS LIFTS AND SERVICES LIM - Accounts 2014
Registered number: SC226800 | ||||||||
FOR THE YEAR ENDED 31/03/2014 | ||||||||
Prepared By: | ||||||||
Aberdeen | ||||||||
Atlas Lifts & Services Limited | ||||||||
ABBREVIATED ACCOUNTS | ||||||||
FOR THE YEAR ENDED | ||||||||
INDEX TO THE ACCOUNTS | ||||||||
Abbreviated Balance Sheet | 2 | |||||||
Notes to the Abbreviated Accounts | 4 | |||||||
The company's registered number is SC226800 | ||||||||
Atlas Lifts & Services Limited | ||||||||
Registered Number: SC226800 | ||||||||||
BALANCE SHEET AT 31/03/2014 | ||||||||||
2014 | 2013 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors (amounts falling due within one year) | 4 | |||||||||
Cash at bank and in hand | ||||||||||
443,766 | ||||||||||
CREDITORS: Amounts falling due within one year | ||||||||||
NET CURRENT ASSETS | ||||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 5 | |||||||||
PROVISIONS FOR LIABILITIES | ||||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 6 | |||||||||
Revaluation reserve | 1h,7 | |||||||||
Profit and loss account | ||||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Atlas Lifts & Services Limited | ||||||||
Registered Number: SC226800 | ||||||||||
Approved by the board on | ||||||||||
Director | ||||||||||
Atlas Lifts & Services Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/03/2014 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
1b. Cash Flow Statement | ||||||||
1c. Depreciation | ||||||||
Commercial Vehicles | ||||||||
Fixtures and Fittings |
1d. Stocks | ||||||||
1e. Taxation | ||||||||
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted. |
1f. Turnover | ||||||||
The company supplies and installs stair lifts and recognises revenue on the sales of services in the reporting period in which the services are rendered by reference to the stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered. When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised. |
Atlas Lifts & Services Limited | ||||||||
1g. Goodwill | ||||||||
1h. Revaluation Reserve | ||||||||
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 7). | ||||||||
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account. |
2. INTANGIBLE FIXED ASSETS | ||||
Purchased | ||||
Goodwill | Total | |||
£ | £ | |||
Cost | ||||
At 01/04/2013 | ||||
At 31/03/2014 | ||||
Depreciation | ||||
At 01/04/2013 | ||||
At 31/03/2014 | ||||
Net Book Amounts | ||||
At 31/03/2014 | - | - | ||
Atlas Lifts & Services Limited | ||||||||
3. TANGIBLE FIXED ASSETS | |||||||||||
Land And | Improvements to property | Commercial | Fixtures | ||||||||
Buildings | Vehicles | and Fittings | Total | ||||||||
£ | £ | £ | £ | £ | |||||||
Cost | |||||||||||
At 01/04/2013 | |||||||||||
Additions | |||||||||||
Revaluation | |||||||||||
At 31/03/2014 | 134,000 | 37,936 | 80,781 | 45,906 | 298,623 | ||||||
Depreciation | |||||||||||
At 01/04/2013 | |||||||||||
For the year | |||||||||||
At 31/03/2014 | |||||||||||
Net Book Amounts | |||||||||||
At 31/03/2014 | |||||||||||
At 31/03/2013 | |||||||||||
The freehold land and buildings were revalued for the first time on 17 March 2014 by an independent valuer, David Adamson, chartered surveyors, with fair value determined by appraisal from market-based evidence of recent transactions for similar properties in the same area. | |||||||||||
4. DEBTORS | 2014 | 2013 | ||||||
£ | £ | |||||||
Amounts falling due within one year: | ||||||||
Trade debtors | ||||||||
Other debtors | ||||||||
Atlas Lifts & Services Limited | ||||||||
5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2014 | 2013 | |||||||
£ | £ | |||||||
Other creditors | - | 3,396 | ||||||
Included in other creditors are: | ||||||||
Obligations under hire purchase | - | 3,396 | ||||||
6. SHARE CAPITAL | 2014 | 2013 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
7. REVALUATION RESERVE | 2014 | 2013 | ||||||
£ | £ | |||||||
Revaluation reserve | 10,800 | - | ||||||
8. RELATED PARTY TRANSACTIONS | ||||||||
Atlas Lifts & Services Limited | ||||||||
9. TURNOVER | ||||||||
The turnover and pre-tax result is attributable to supply and maintenance of stairlifts, public access and service lift installations. | ||||||||
2014 | 2013 | |||||||
£ | £ | |||||||
Sales | 1,338,589 | 1,275,586 | ||||||
1,338,589 | 1,275,586 | |||||||
10. TRANSACTIONS WITH DIRECTORS | ||||||||
Included in the other creditors is an amount owing to the directors of £257 (2013: £666). | ||||||||
Dividends of £54,000 (2013: £30,000) were paid to the directors. | ||||||||
11. CONTROLLING PARTY | ||||||||