1 July 2021 v2022.13.1 limited_company_frs_102_section_1a_v1_0_8 companies_houseSoftwarefalsetruetruetrueNo description of principal activitytruexbrli:purexbrli:sharesiso4217:GBP075241842021-07-012022-06-30075241842022-06-30075241842021-06-3007524184core:WithinOneYear2022-06-3007524184core:WithinOneYear2021-06-3007524184core:ShareCapital2022-06-3007524184core:ShareCapital2021-06-3007524184core:RetainedEarningsAccumulatedLosses2022-06-3007524184core:RetainedEarningsAccumulatedLosses2021-06-3007524184bus:Director12021-07-012022-06-3007524184bus:RegisteredOffice2021-07-012022-06-30075241842020-07-012021-06-3007524184core:CostValuation2021-07-0107524184core:CostValuation2022-06-300752418412021-07-012022-06-3007524184countries:EnglandWales2021-07-012022-06-3007524184bus:AuditExemptWithAccountantsReport2021-07-012022-06-3007524184bus:PrivateLimitedCompanyLtd2021-07-012022-06-3007524184bus:SmallEntities2021-07-012022-06-3007524184bus:FullAccounts2021-07-012022-06-30
Company registration number:
07524184
Atlas Plastering & Dry Lining (Holdings) Limited
Unaudited Filleted Financial Statements for the year ended
30 June 2022
Atlas Plastering & Dry Lining (Holdings) Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of Atlas Plastering & Dry Lining (Holdings) Limited
Year ended
30 June 2022
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the
financial statements
of
Atlas Plastering & Dry Lining (Holdings) Limited
for the year ended
30 June 2022
which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given me.
As a practising member of the Association of Chartered Certified Accountants, I am subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Members/​Doc/​rule/​2018-rulebook.pdf.
This report is made solely to the Board of Directors of
Atlas Plastering & Dry Lining (Holdings) Limited
, as a body, in accordance with the terms of my engagement letter dated 27 September 2021. My work has been undertaken solely to prepare for your approval the
financial statements
of
Atlas Plastering & Dry Lining (Holdings) Limited
and state those matters that I have agreed to state to the Board of Directors of
Atlas Plastering & Dry Lining (Holdings) Limited
, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Technical/​fact/​technical-factsheet-163.pdf. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than
Atlas Plastering & Dry Lining (Holdings) Limited
and its Board of Directors, as a body, for my work or for this report.
It is your duty to ensure that
Atlas Plastering & Dry Lining (Holdings) Limited
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and profit of
Atlas Plastering & Dry Lining (Holdings) Limited
. You consider that
Atlas Plastering & Dry Lining (Holdings) Limited
is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of Atlas Plastering & Dry Lining (Holdings) Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Emery & Co Accountants Limited
The Old Cottage Hospital
Leicester Road
Ashby de la Zouch
Leicestershire
LE65 1DB
United Kingdom
Date:
15 August 2022
Atlas Plastering & Dry Lining (Holdings) Limited
Statement of Financial Position
30 June 2022
20222021
Note££
Fixed assets    
Investments 5
1,256,719
 
1,256,719
 
Current assets    
Debtors 6
26,896
  -  
Creditors: amounts falling due within one year 7
(745,103
)
(718,207
)
Net current liabilities
(718,207
)
(718,207
)
Total assets less current liabilities 538,512   538,512  
Capital and reserves    
Called up share capital
267,916
 
267,916
 
Profit and loss account
270,596
 
270,596
 
Shareholders funds
538,512
 
538,512
 
For the year ending
30 June 2022
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
financial statements
have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
15 August 2022
, and are signed on behalf of the board by:
Mr S Martin
Director
Company registration number:
07524184
Atlas Plastering & Dry Lining (Holdings) Limited
Notes to the Financial Statements
Year ended
30 June 2022

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Unit 3 Maple Court Walker Road, Forest Business Park
,
Bardon Hill
,
Coalville
,
Leicestershire
,
LE67 1TU
, .

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Fixed asset investments

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in subsidiaries, associates and joint ventures accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income or profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Other fixed asset investments which are listed are measured at fair value with changes in fair value being recognised in profit or loss.
All other Investments held as fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated impairment losses.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4 Average number of employees

The average number of persons employed by the company during the year was
1
(2021:
1.00
).

5 Investments

Shares in group undertakings and participating interestsOther investments other than loansTotal
£££
Cost      
At
1 July 2021
538,512
 
718,207
 
1,256,719
 
At
30 June 2022
538,512
 
718,207
 
1,256,719
 
Impairment      
At
1 July 2021
and
30 June 2022
-   -   -  
Carrying amount      
At
30 June 2022
538,512
 
718,207
 
1,256,719
 
At 30 June 2021
538,512
 
718,207
 
1,256,719
 

6 Debtors

20222021
££
Other debtors
26,896
  -  

7 Creditors: amounts falling due within one year

20222021
££
Amounts owed to group undertakings and undertakings in which the company has a participating interest
745,103
 
718,207
 

9 Controlling party

The overall controlling party is the director Mr S Martin by virtue of his shareholding.