Company Registration No. 10449607 (England and Wales)
Advanced Technology Trading Company Ltd
Unaudited accounts
for the period from 27 October 2016 to 31 January 2018
Advanced Technology Trading Company Ltd
Unaudited accounts
Contents
Advanced Technology Trading Company Ltd
Company Information
for the period from 27 October 2016 to 31 January 2018
Directors
Mr J Bosher
Mr C Bosher
Mr C Full
Company Number
10449607 (England and Wales)
Registered Office
Moreton House
31 High Street
Buckingham
Buckinghamshire
MK18 1NU
Accountants
Anthistle Craven
Moreton House
31 High Street
Buckingham
Bucks
MK18 1NU
Advanced Technology Trading Company Ltd
Statement of financial position
as at 31 January 2018
Cash at bank and in hand
54,110
Creditors: amounts falling due within one year
(238,532)
Net current liabilities
(64,728)
Total assets less current liabilities
(58,166)
Creditors: amounts falling due after more than one year
(149,999)
Called up share capital
100
Profit and loss account
(208,265)
Shareholders' funds
(208,165)
For the period ending 31 January 2018 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 27 July 2018.
Mr J Bosher
Director
Company Registration No. 10449607
Advanced Technology Trading Company Ltd
Notes to the Accounts
for the period from 27 October 2016 to 31 January 2018
Advanced Technology Trading Company Ltd is a private company, limited by shares, registered in England and Wales, registration number 10449607. The registered office is Moreton House, 31 High Street, Buckingham, Buckinghamshire, MK18 1NU. The principal place of business is Glebe Farm, Mixbury, Nr Brackley, Northants, NN13 5RP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Reducing balance
Computer equipment
25% Reducing balance
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 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.
Deferred tax assets and liabilities are not discounted.
Advanced Technology Trading Company Ltd
Notes to the Accounts
for the period from 27 October 2016 to 31 January 2018
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
Additions
5,431
3,484
8,915
At 31 January 2018
5,431
3,484
8,915
Charge for the period
1,317
1,036
2,353
At 31 January 2018
1,317
1,036
2,353
At 31 January 2018
4,114
2,448
6,562
Accrued income and prepayments
884
6
Creditors: amounts falling due within one year
2018
Taxes and social security
(13,111)
7
Creditors: amounts falling due after more than one year
2018
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
Advanced Technology Trading Company Ltd
Notes to the Accounts
for the period from 27 October 2016 to 31 January 2018
9
Transactions with related parties
Consultancy expenses were incurred in the year to Beaumont Recycling Limited, a company owned by Mr J Bosher, a director of the company amounting to £18,000.
An interest free loan from the director Mr J Bosher to the company subsisted during the year ended 31 January 2018 amounting to £99,999. This amount is included within creditors. There are no set terms of repayment.
Consultancy expenses were incurred in the year to Corlato Limited, a company owned by Mr C Bosher, a director of the company amounting to £138,482.
Consultancy expenses were incurred in the year to Creative Sound Design Limited, a company owned by Mr C Full, a director of the company amounting to £133,698.
An interest free loan from the director Mr C Full to the company subsisted during the year ended 31 January 2018 amounting to £50,000. This amount is included within creditors. There are no set terms of repayment.
Consultancy expenses were incurred in the year to Emillion Global Limited, a company owned by Mr T Yeates, a shareholder of the company amounting to £169,052.
Consultancy expenses were incurred in the year to Tracey Posadowski, a shareholder of the company amounting to £30,540.
10
Average number of employees
During the period the average number of employees was 0.
