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REGISTERED NUMBER: 10683655 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

ATLAS ICS LIMITED

ATLAS ICS LIMITED (REGISTERED NUMBER: 10683655)

Contents of the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ATLAS ICS LIMITED

Company Information
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: Mrs Yesim Ulgu
Mr Saim Ulgu





REGISTERED OFFICE: UNIT 7
EDMONTON TRADE PARK
10 ADVENT WAY
LONDON
N18 3AJ





REGISTERED NUMBER: 10683655 (England and Wales)





ACCOUNTANTS: ADPL LLP
293 Green Lanes
London
N13 4XS

ATLAS ICS LIMITED (REGISTERED NUMBER: 10683655)

Balance Sheet
30 JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 60,000 60,000
Tangible assets 5 49,443 56,332
109,443 116,332

CURRENT ASSETS
Stocks 992,250 618,832
Debtors 6 199,617 103,461
Cash at bank and in hand 23,630 13,786
1,215,497 736,079
CREDITORS
Amounts falling due within one year 7 1,093,231 666,367
NET CURRENT ASSETS 122,266 69,712
TOTAL ASSETS LESS CURRENT
LIABILITIES

231,709

186,044

CREDITORS
Amounts falling due after more than one
year

8

(13,597

)

(25,818

)

PROVISIONS FOR LIABILITIES 9 (6,419 ) (7,933 )
NET ASSETS 211,693 152,293

CAPITAL AND RESERVES
Called up share capital 30,000 30,000
Retained earnings 181,693 122,293
SHAREHOLDERS' FUNDS 211,693 152,293

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

ATLAS ICS LIMITED (REGISTERED NUMBER: 10683655)

Balance Sheet - continued
30 JUNE 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 October 2023 and were signed on its behalf by:





Mr Saim Ulgu - Director


ATLAS ICS LIMITED (REGISTERED NUMBER: 10683655)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Atlas Ics 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

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.

ATLAS ICS LIMITED (REGISTERED NUMBER: 10683655)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 July 2022
and 30 June 2023 60,000
NET BOOK VALUE
At 30 June 2023 60,000
At 30 June 2022 60,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 July 2022 17,608 68,860 86,468
Additions 2,373 3,100 5,473
At 30 June 2023 19,981 71,960 91,941
DEPRECIATION
At 1 July 2022 11,838 18,298 30,136
Charge for year 1,629 10,733 12,362
At 30 June 2023 13,467 29,031 42,498
NET BOOK VALUE
At 30 June 2023 6,514 42,929 49,443
At 30 June 2022 5,770 50,562 56,332

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 43,174 26,946
Rent deposit 69,064 69,064
Directors' current accounts 38,530 4,571
Prepayments and accrued income 48,849 2,880
199,617 103,461

ATLAS ICS LIMITED (REGISTERED NUMBER: 10683655)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Hire purchase contracts 12,654 10,093
Trade creditors 659,183 302,440
Taxation and social security 267,679 163,356
Other creditors 153,715 190,478
1,093,231 666,367

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Hire purchase contracts 13,597 25,818

9. PROVISIONS FOR LIABILITIES
30.6.23 30.6.22
£    £   
Deferred tax 6,419 7,933

Deferred
tax
£   
Balance at 1 July 2022 7,933
Provided during year (1,514 )
Timing difference
Balance at 30 June 2023 6,419