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Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Atlas Maintenance Services Ltd

Atlas Maintenance Services Ltd (Registered number: 08203263)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Atlas Maintenance Services Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTOR: R M Eves





REGISTERED OFFICE: 2nd Floor Regis House
45 King William Street
London
EC4R 9AN





REGISTERED NUMBER: 08203263 (England and Wales)





ACCOUNTANTS: Michael Letch & Partners LLP
Accountants
146 High Street
Billericay
Essex
CM12 9DF

Atlas Maintenance Services Ltd (Registered number: 08203263)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 15,000 45,000
Tangible assets 5 98,501 57,816
Investments 6 1 1
113,502 102,817

CURRENT ASSETS
Debtors 7 924,672 1,186,393
Cash at bank and in hand 546,183 172,726
1,470,855 1,359,119
CREDITORS
Amounts falling due within one year 8 644,030 747,601
NET CURRENT ASSETS 826,825 611,518
TOTAL ASSETS LESS CURRENT
LIABILITIES

940,327

714,335

CREDITORS
Amounts falling due after more than one
year

9

(69,098

)

(29,788

)

PROVISIONS FOR LIABILITIES (10,985 ) (10,985 )
NET ASSETS 860,244 673,562

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 860,144 673,462
SHAREHOLDERS' FUNDS 860,244 673,562

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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.

Atlas Maintenance Services Ltd (Registered number: 08203263)

Balance Sheet - continued
31 July 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 director and authorised for issue on 20 October 2023 and were signed by:





R M Eves - Director


Atlas Maintenance Services Ltd (Registered number: 08203263)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Atlas Maintenance Services Ltd 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. 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.

Preparation of consolidated financial statements
The financial statements contain information about Atlas Maintenance Services Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance and Straight line over 3 years

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.


Atlas Maintenance Services Ltd (Registered number: 08203263)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 150,000
AMORTISATION
At 1 August 2022 105,000
Charge for year 30,000
At 31 July 2023 135,000
NET BOOK VALUE
At 31 July 2023 15,000
At 31 July 2022 45,000

Atlas Maintenance Services Ltd (Registered number: 08203263)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2022 88,941 1,500 6,600 31,811 128,852
Additions - - 75,897 - 75,897
At 31 July 2023 88,941 1,500 82,497 31,811 204,749
DEPRECIATION
At 1 August 2022 37,402 1,025 4,976 27,633 71,036
Charge for year 12,885 475 19,218 2,634 35,212
At 31 July 2023 50,287 1,500 24,194 30,267 106,248
NET BOOK VALUE
At 31 July 2023 38,654 - 58,303 1,544 98,501
At 31 July 2022 51,539 475 1,624 4,178 57,816

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 August 2022
and 31 July 2023 1
NET BOOK VALUE
At 31 July 2023 1
At 31 July 2022 1

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 896,388 1,155,839
Other debtors 28,284 30,554
924,672 1,186,393

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 10) 4,938 -
Trade creditors 487,587 489,264
Taxation and social security 191,898 170,256
Other creditors (50,393 ) 78,081
644,030 747,601

Atlas Maintenance Services Ltd (Registered number: 08203263)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 20,020 29,788
Hire purchase contracts (see note 10) 49,078 -
69,098 29,788

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 4,938 -
Between one and five years 49,078 -
54,016 -

Non-cancellable operating leases
2023 2022
£    £   
Within one year - 95,366
Between one and five years - 145,626
- 240,992

11. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Invoice financing - (57,479 )

The Company has an invoice financing facility, with Breal Zeta CF Limited, which is secured by a fixed and floating charge over their assets dated 26 February 2019.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
90 Ordinary £1 100 90
10 A Ordinary £1 - 10
100 100

Atlas Maintenance Services Ltd (Registered number: 08203263)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

13. ULTIMATE CONTROLLING PARTY

The controlling party is R M Eves.

The ultimate controlling party is R M Eves.