2022-02-01 2023-01-31 false Capium Accounts Production 1.1 04143684 bus:FullAccounts 2022-02-01 2023-01-31 04143684 bus:FRS102 2022-02-01 2023-01-31 04143684 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 04143684 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 04143684 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 04143684 2022-02-01 2023-01-31 04143684 2023-01-31 04143684 bus:RegisteredOffice 2022-02-01 2023-01-31 04143684 core:WithinOneYear 2023-01-31 04143684 core:AfterOneYear 2023-01-31 04143684 bus:Director1 2022-02-01 2023-01-31 04143684 bus:Director1 2023-01-31 04143684 bus:Director1 2021-02-01 2022-01-31 04143684 bus:Director2 2022-02-01 2023-01-31 04143684 bus:Director2 2023-01-31 04143684 bus:Director2 2021-02-01 2022-01-31 04143684 bus:Director3 2022-02-01 2023-01-31 04143684 bus:Director3 2023-01-31 04143684 bus:Director3 2021-02-01 2022-01-31 04143684 2021-02-01 04143684 bus:CompanySecretary1 2022-02-01 2023-01-31 04143684 bus:LeadAgentIfApplicable 2022-02-01 2023-01-31 04143684 2021-02-01 2022-01-31 04143684 2022-01-31 04143684 core:WithinOneYear 2022-01-31 04143684 core:AfterOneYear 2022-01-31 04143684 bus:EntityAccountantsOrAuditors 2021-02-01 2022-01-31 04143684 core:FurnitureFittings 2022-02-01 2023-01-31 04143684 core:FurnitureFittings 2023-01-31 04143684 core:FurnitureFittings 2022-01-31 04143684 core:ComputerEquipment 2022-02-01 2023-01-31 04143684 core:ComputerEquipment 2023-01-31 04143684 core:ComputerEquipment 2022-01-31 04143684 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-01-31 04143684 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-01-31 04143684 core:CostValuation core:Non-currentFinancialInstruments 2023-01-31 04143684 core:CostValuation core:Non-currentFinancialInstruments 2022-01-31 04143684 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-01-31 04143684 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-01-31 04143684 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-01-31 04143684 core:Non-currentFinancialInstruments 2023-01-31 04143684 core:Non-currentFinancialInstruments 2022-01-31 04143684 core:ShareCapital 2023-01-31 04143684 core:ShareCapital 2022-01-31 04143684 core:RetainedEarningsAccumulatedLosses 2023-01-31 04143684 core:RetainedEarningsAccumulatedLosses 2022-01-31 04143684 dpl:Item1 2022-02-01 04143684 dpl:Item1 2023-01-31 04143684 dpl:Item1 2021-02-01 04143684 dpl:Item1 2022-01-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 04143684
England & Northern Ireland

 

 

 


Unaudited Financial Statements

for the year ended 31 January 2023

for

ATLANTIC TRADING (NORFOLK) LIMITED

 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 13,129    15,154 
13,129    15,154 
Current assets      
Stocks 4 657,750    710,250 
Debtors 5 19,895    86,155 
Cash at bank and in hand 24,793    4,284 
702,438    800,689 
Creditors: amount falling due within one year 6 (137,066)   (106,180)
Net current assets 565,372    694,509 
 
Total assets less current liabilities 578,501    709,663 
Creditors: amount falling due after more than one year 7 (163,081)   (261,091)
Provisions for liabilities 8 (1,032)   (1,231)
Net assets 414,388    447,341 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 414,288    447,241 
Shareholder's funds 414,388    447,341 
 


For the year ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 10 October 2023 and were signed on its behalf by:


-------------------------------
Stephen Batch
Director
1
General Information
ATLANTIC TRADING (NORFOLK) LIMITED is a private company, limited by shares, registered in England & Northern Ireland, registration number 04143684, registration address SPARROW HALL FARM SPARROW HALL LANE, BLOFIELD, NORWICH, NR13 4LH.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the balance sheet when their payment has been approved by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 5 (2022 : 5).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 February 2022 10,730    48,047    58,777 
Additions    
Disposals    
At 31 January 2023 10,730    48,047    58,777 
Depreciation
At 01 February 2022 2,056    41,567    43,623 
Charge for year 215    1,810    2,025 
On disposals    
At 31 January 2023 2,271    43,377    45,648 
Net book values
Closing balance as at 31 January 2023 8,459    4,670    13,129 
Opening balance as at 01 February 2022 8,674    6,480    15,154 


4.

Stocks

2023
£
  2022
£
Stocks 657,750    710,250 
657,750    710,250 

5.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 19,895    82,238 
Other Debtors   3,917 
19,895    86,155 

6.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 85,279    81,768 
Corporation Tax 11,464    9,755 
PAYE & Social Security 2,145    1,372 
Other Creditors 1,824   
Directors' Current Accounts 22,201    4,061 
VAT 14,153    9,224 
137,066    106,180 

7.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts 163,081    261,091 
163,081    261,091 

8.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax 1,231    2,284 
Charged to Profit & Loss (199)   (1,053)
1,032    1,231 

2