Company Registration No. 09563729 (England and Wales)
Atlas Band Touring Ltd
Unaudited accounts
for the year ended 30 April 2023
Atlas Band Touring Ltd
Unaudited accounts
Contents
Atlas Band Touring Ltd
Company Information
for the year ended 30 April 2023
Director
Michael Griffiths
Company Number
09563729 (England and Wales)
Registered Office
Atlas Touring, Unit 8
Hill Court, Dunne Road
Blaydon
NE21 5NH
Accountants
Jack Bowden
Haydon Accountancy Services Limited
33 Percy Crescent
North Shields
Tyne & Wear
NE29 6HP
Atlas Band Touring Ltd
Statement of financial position
as at 30 April 2023
Intangible assets
1,152
1,440
Tangible assets
178,240
69,695
Cash at bank and in hand
912
2,635
Creditors: amounts falling due within one year
(21,667)
(10,564)
Net current assets
6,494
16,726
Total assets less current liabilities
185,886
87,861
Creditors: amounts falling due after more than one year
(143,354)
(87,171)
Called up share capital
1
1
Profit and loss account
42,531
689
Shareholders' funds
42,532
690
For the year ending 30 April 2023 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 director acknowledges his 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.
The financial statements were approved by the Board and authorised for issue on 19 September 2023 and were signed on its behalf by
Michael Griffiths
Director
Company Registration No. 09563729
Atlas Band Touring Ltd
Notes to the Accounts
for the year ended 30 April 2023
Atlas Band Touring Ltd is a private company, limited by shares, registered in England and Wales, registration number 09563729. The registered office is Atlas Touring, Unit 8, Hill Court, Dunne Road, Blaydon, NE21 5NH.
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.
These financial statements for the year ended
30 April 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 May 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in note
10 below.
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.
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:
Plant & machinery
20% Reducing Balance
Motor vehicles
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Computer equipment
20% Reducing Balance
Other tangible fixed assets
20% Reducing Balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Atlas Band Touring Ltd
Notes to the Accounts
for the year ended 30 April 2023
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2022
4,991
88,059
4,753
97,803
Additions
955
142,846
1,277
145,078
Disposals
-
(2,300)
-
(2,300)
At 30 April 2023
5,946
228,605
6,030
240,581
At 1 May 2022
1,022
25,738
1,348
28,108
Charge for the year
985
33,545
936
35,466
On disposals
(111)
(1,122)
-
(1,233)
At 30 April 2023
1,896
58,161
2,284
62,341
At 30 April 2023
4,050
170,444
3,746
178,240
At 30 April 2022
3,969
62,321
3,405
69,695
Carrying amount of motor vehicles on cost basis
108,209
-
Motor Vehicles have been revalued at 30th April 2023. These had been significantly depreciated and this did not accurately depict the true value of the assets until they were revalued. The valuation was undertaken by director Mike Griffiths who was able to accurately assess a FMV of the fleet.
Atlas Band Touring Ltd
Notes to the Accounts
for the year ended 30 April 2023
Amounts falling due within one year
Trade debtors
22,897
13,219
Accrued income and prepayments
2,983
-
Other debtors
6,530
16,493
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
3,349
Trade creditors
10,326
2,580
Taxes and social security
844
209
Other creditors
9,539
4,267
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
100,401
39,951
9
Average number of employees
During the year the average number of employees was 4 (2022: 3).
10
Reconciliations on adoption of FRS 102