Atlantic Trampolines Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 05997103 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2018

for

Atlantic Trampolines Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Jardine

J Edwards

SECRETARY:

J Edwards

REGISTERED OFFICE:

Unit 1

London Road Industrial Estate

Pembroke Dock

Pembrokeshire

SA72 4RZ

REGISTERED NUMBER:

05997103 (England and Wales)

ACCOUNTANT:

Lucy Jones Chartered Accountant

85 Queen Street

Pembroke Dock

Pembrokeshire

SA72 6JE

FIXED ASSETS

Tangible assets

4

4,264

4,407

CURRENT ASSETS

Stocks

5

380,087

272,239

Debtors

6

27,691

19,399

Cash at bank and in hand

4,060

8,996

411,838

300,634

CREDITORS

Amounts falling due within one year

7

264,744

168,493

NET CURRENT ASSETS

147,094

132,141

TOTAL ASSETS LESS CURRENT LIABILITIES

151,358

136,548

CREDITORS

Amounts falling due after more than one year

8

98,918

86,438

NET ASSETS

52,440

50,110

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

52,340

50,010

SHAREHOLDERS' FUNDS

52,440

50,110

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 30 October 2018 and were signed on its behalf by:

A Jardine - Director

1.	STATUTORY INFORMATION

Atlantic Trampolines Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost and 20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2017 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 February 2017

13,805

8,070

5,000

5,561

32,436

Additions

1,741

-

-

-

1,741

At 31 January 2018

15,546

8,070

5,000

5,561

34,177

DEPRECIATION

At 1 February 2017

13,623

8,070

1,250

5,086

28,029

Charge for year

439

-

1,250

195

1,884

At 31 January 2018

14,062

8,070

2,500

5,281

29,913

NET BOOK VALUE

At 31 January 2018

1,484

-

2,500

280

4,264

At 31 January 2017

182

-

3,750

475

4,407

5.

STOCKS

31.1.18

31.1.17

£

£

Stocks

308,115

242,722

Payments on account

71,972

29,517

380,087

272,239

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.18

31.1.17

£

£

Trade debtors

1,641

1,308

Other debtors

5,107

7,068

Staff loan

4,525

4,525

VAT

8,524

-

Prepayments and accrued income

7,894

6,498

27,691

19,399

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.18

31.1.17

£

£

Bank loans and overdrafts

21,421

-

Hire purchase contracts

-

1,773

Trade creditors

83,492

10,675

Barclaycard

1,485

2,767

Tax

390

11,971

Social security and other taxes

1,775

1,712

VAT

-

3,974

Other creditors

44,000

-

Accruals and deferred income

79,486

133,906

Accrued expenses

32,695

1,715

264,744

168,493

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.18

31.1.17

£

£

Other creditors

73,500

-

Directors' loan accounts

25,418

86,438

98,918

86,438

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mr Andrew Jardine by virtue of his 100% shareholding the company.