Silverfin false 31/12/2021 31/12/2021 01/01/2021 R Cerdena-Calderon 21/12/2009 12 September 2022 The principal activities of the Company during the financial year were that of the installation of practice management software and the provision of training and services in IT systems, practice management, running of clinics and front desk services. 07109627 2021-12-31 07109627 bus:Director1 2021-12-31 07109627 2020-12-31 07109627 core:CurrentFinancialInstruments 2021-12-31 07109627 core:CurrentFinancialInstruments 2020-12-31 07109627 core:ShareCapital 2021-12-31 07109627 core:ShareCapital 2020-12-31 07109627 core:RetainedEarningsAccumulatedLosses 2021-12-31 07109627 core:RetainedEarningsAccumulatedLosses 2020-12-31 07109627 core:OtherPropertyPlantEquipment 2020-12-31 07109627 core:OtherPropertyPlantEquipment 2021-12-31 07109627 bus:OrdinaryShareClass1 2021-12-31 07109627 2021-01-01 2021-12-31 07109627 bus:FullAccounts 2021-01-01 2021-12-31 07109627 bus:SmallEntities 2021-01-01 2021-12-31 07109627 bus:AuditExemptWithAccountantsReport 2021-01-01 2021-12-31 07109627 bus:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 07109627 bus:Director1 2021-01-01 2021-12-31 07109627 core:OtherPropertyPlantEquipment core:TopRangeValue 2021-01-01 2021-12-31 07109627 2020-01-01 2020-12-31 07109627 bus:OrdinaryShareClass1 2021-01-01 2021-12-31 07109627 bus:OrdinaryShareClass1 2020-01-01 2020-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 07109627 (England and Wales)

ATLAS CHIROPRACTIC SYSTEMS EUROPE LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2021
Pages for filing with the registrar

ATLAS CHIROPRACTIC SYSTEMS EUROPE LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2021

Contents

ATLAS CHIROPRACTIC SYSTEMS EUROPE LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2021
ATLAS CHIROPRACTIC SYSTEMS EUROPE LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2021
DIRECTOR R Cerdena-Calderon
REGISTERED OFFICE 1b Devonshire Road
Chiswick
London
W4 2EU
United Kingdom
COMPANY NUMBER 07109627 (England and Wales)
CHARTERED ACCOUNTANTS Bishop Fleming LLP
10 Temple Back
Bristol
BS1 6FL
ATLAS CHIROPRACTIC SYSTEMS EUROPE LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 December 2021
ATLAS CHIROPRACTIC SYSTEMS EUROPE LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2021
Note 2021 2020
£ £
Current assets
Cash at bank and in hand 5,547 6,971
5,547 6,971
Creditors
Amounts falling due within one year 4 ( 27,691) ( 27,606)
Net current liabilities (22,144) (20,635)
Total assets less current liabilities (22,144) (20,635)
Net liabilities ( 22,144) ( 20,635)
Capital and reserves
Called-up share capital 5 100 100
Profit and loss account ( 22,244 ) ( 20,735 )
Total shareholder's deficit ( 22,144) ( 20,635)

For the financial year ending 31 December 2021 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Atlas Chiropractic Systems Europe Limited (registered number: 07109627) were approved and authorised for issue by the Director on 12 September 2022. They were signed on its behalf by:

R Cerdena-Calderon
Director
ATLAS CHIROPRACTIC SYSTEMS EUROPE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2021
ATLAS CHIROPRACTIC SYSTEMS EUROPE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2021
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Atlas Chiropractic Systems Europe Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1b Devonshire Road, Chiswick, London, W4 2EU, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £22,144. The Company is supported through loans from the director. The director has confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the director will continue to support the Company. Given the current position, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Plant and machinery etc. 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

2. Employees

2021 2020
Number Number
Monthly average number of persons employed by the Company during the year, including the director 3 3

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 January 2021 552 552
At 31 December 2021 552 552
Accumulated depreciation
At 01 January 2021 552 552
At 31 December 2021 552 552
Net book value
At 31 December 2021 0 0
At 31 December 2020 0 0

4. Creditors: amounts falling due within one year

2021 2020
£ £
Trade creditors 2,413 2,413
Amounts owed to director 20,516 20,516
Accruals 2,500 2,400
Other taxation and social security 2,262 2,277
27,691 27,606

5. Called-up share capital

2021 2020
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

6. Related party transactions

At the year end, the company owed the director £20,516 (2020: £20,516). The loan is interest free and there is no fixed date for repayment. This amount is shown within other creditors.