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REGISTERED NUMBER: 04653767 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 March 2023

for

Atlas Technical Services Limited

Atlas Technical Services Limited (Registered number: 04653767)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Atlas Technical Services Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: R J Tully





REGISTERED OFFICE: 4 New Railway Cottages Don View
Dunford Bridge
Sheffield
South Yorks
S36 4TF





REGISTERED NUMBER: 04653767 (England and Wales)





ACCOUNTANTS: Parkins Accountants Ltd
T/A, Parkins, Chartered Accountants
Moor Park House
Bawtry Rd
Wickersley
Rotherham
South Yorkshire
S66 2BL

Atlas Technical Services Limited (Registered number: 04653767)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 265,028 99,777

CURRENT ASSETS
Stocks 5 292,611 126,666
Debtors 6 144,692 242,276
Cash at bank and in hand 147,333 32,605
584,636 401,547
CREDITORS
Amounts falling due within one year 7 299,481 321,569
NET CURRENT ASSETS 285,155 79,978
TOTAL ASSETS LESS CURRENT
LIABILITIES

550,183

179,755

CREDITORS
Amounts falling due after more than one
year

8

(170,580

)

(44,767

)

PROVISIONS FOR LIABILITIES 10 (50,355 ) (18,958 )
NET ASSETS 329,248 116,030

CAPITAL AND RESERVES
Called up share capital 11 205 112
Retained earnings 12 329,043 115,918
SHAREHOLDERS' FUNDS 329,248 116,030

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Technical Services Limited (Registered number: 04653767)

Balance Sheet - continued
31 March 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 3 November 2023 and were signed by:





R J Tully - Director


Atlas Technical Services Limited (Registered number: 04653767)

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

1. STATUTORY INFORMATION

Atlas Technical Services 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

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.

Atlas Technical Services Limited (Registered number: 04653767)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 9 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 103,760 27,253 93,282 10,171 234,466
Additions 105,500 - 147,488 1,785 254,773
Disposals - - (16,900 ) - (16,900 )
At 31 March 2023 209,260 27,253 223,870 11,956 472,339
DEPRECIATION
At 1 April 2022 59,473 17,329 51,628 6,259 134,689
Charge for year 29,957 1,985 44,909 3,165 80,016
Eliminated on disposal - - (7,394 ) - (7,394 )
At 31 March 2023 89,430 19,314 89,143 9,424 207,311
NET BOOK VALUE
At 31 March 2023 119,830 7,939 134,727 2,532 265,028
At 31 March 2022 44,287 9,924 41,654 3,912 99,777

Atlas Technical Services Limited (Registered number: 04653767)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2022 - 47,575 47,575
Additions 105,000 147,488 252,488
Disposals - (12,000 ) (12,000 )
At 31 March 2023 105,000 183,063 288,063
DEPRECIATION
At 1 April 2022 - 20,814 20,814
Charge for year 21,000 41,875 62,875
Eliminated on disposal - (5,250 ) (5,250 )
At 31 March 2023 21,000 57,439 78,439
NET BOOK VALUE
At 31 March 2023 84,000 125,624 209,624
At 31 March 2022 - 26,761 26,761

5. STOCKS
2023 2022
£    £   
Stocks 292,611 126,666

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 143,716 240,583
Other debtors 976 -
Prepayments - 1,693
144,692 242,276

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 34,217 42,267
Hire purchase contracts 57,599 13,211
Trade creditors 90,782 167,120
Tax 6,097 12,798
Social security and other taxes 9,423 5,778
VAT 61,174 73,323
Other creditors 7,617 1,119
Directors' current accounts 30,322 3,953
Accrued expenses 2,250 2,000
299,481 321,569

Atlas Technical Services Limited (Registered number: 04653767)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 9) 21,667 31,667
Hire purchase contracts 148,913 13,100
170,580 44,767

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 24,217 32,267
Bank loans 10,000 10,000
34,217 42,267

Amounts falling due between two and five years:
Bank loans - 2-5 years 21,667 31,667

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 50,355 18,958

Deferred
tax
£   
Balance at 1 April 2022 18,958
Movement in year 31,397
Balance at 31 March 2023 50,355

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
85 Ordinary A Shares 1 85 2
105 Ordinary B Shares 1 105 100
10 Ordinary C and D Shares 1 10 10
200 112

Atlas Technical Services Limited (Registered number: 04653767)

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

12. RESERVES
Retained
earnings
£   

At 1 April 2022 115,918
Profit for the year 221,125
Dividends (8,000 )
At 31 March 2023 329,043