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REGISTERED NUMBER: 03407253 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 July 2022

for

Atom Fabrications Limited

Atom Fabrications Limited (Registered number: 03407253)






Contents of the Financial Statements
for the Year Ended 31 July 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Atom Fabrications Limited

Company Information
for the Year Ended 31 July 2022







DIRECTOR: A F Thomas





SECRETARY: E Thomas





REGISTERED OFFICE: Llancayo Farm
Gwehelog
Usk
Wales
NP15 1HY





REGISTERED NUMBER: 03407253 (England and Wales)





ACCOUNTANTS: Guilfoyle Sage LLP
Chartered Accountants
21 Gold Tops
Newport
South Wales
NP20 4PG

Atom Fabrications Limited (Registered number: 03407253)

Balance Sheet
31 July 2022

31.7.22 31.7.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,270 1,411

CURRENT ASSETS
Debtors 6 10,273 17,049
Cash at bank 12,619 9,913
22,892 26,962
CREDITORS
Amounts falling due within one year 7 22,913 29,344
NET CURRENT LIABILITIES (21 ) (2,382 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,249

(971

)

PROVISIONS FOR LIABILITIES 242 82
NET ASSETS/(LIABILITIES) 1,007 (1,053 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 907 (1,153 )
SHAREHOLDERS' FUNDS 1,007 (1,053 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Atom Fabrications Limited (Registered number: 03407253)

Balance Sheet - continued
31 July 2022


The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 9 September 2022 and were signed by:





A F Thomas - Director


Atom Fabrications Limited (Registered number: 03407253)

Notes to the Financial Statements
for the Year Ended 31 July 2022

1. STATUTORY INFORMATION

Atom Fabrications Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

The individual financial statements of Atom Fabrications Limited 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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on the going concern basis as the director believes that the company has the continued support of himself as director and other creditors and will be able to obtain sufficient funding to secure the continued financing of the company's activities for the foreseeable future.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents the fair value of the sale of services (excluding value added tax) provided during the year on client projects. Turnover is recognised as contract activity progresses and the right to consideration is earned. Fair value reflects the amount expected to be recoverable from clients and is based on time spent, skills and expertise provided and expenditure incurred.

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 - 15% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Atom Fabrications Limited (Registered number: 03407253)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2022

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Loan interest receivable and payable
Loan interest receivable and payable has been provided for on an accruals basis.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2021
and 31 July 2022 2,571
DEPRECIATION
At 1 August 2021 1,160
Charge for year 141
At 31 July 2022 1,301
NET BOOK VALUE
At 31 July 2022 1,270
At 31 July 2021 1,411

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.22 31.7.21
£    £   
Other debtors 10,273 17,049

Atom Fabrications Limited (Registered number: 03407253)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.22 31.7.21
£    £   
Taxation and social security 198 -
Other creditors 22,715 29,344
22,913 29,344

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.7.22 31.7.21
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

During the year, transactions with those individuals holding a participating interest were as follows:

At the year end, included in creditors is the sum of £9,319 (2021:£9,319) owed to those individuals holding a participating interest. There is no fixed repayment date on this outstanding balance and no interest has been charged.

Included in creditors is the sum of £13,389 (2021:£20,019) owed to a connected party of which key management personnel hold a participating interest. There is no fixed repayment date on this outstanding balance. Interest has been charged at £570 (2021:£897) and included in income is £3,000 for management charges.