IRIS Accounts Production v23.3.0.418 05840229 director 1.4.22 31.3.23 31.3.23 false true false false true false Ordinary A 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh058402292022-03-31058402292023-03-31058402292022-04-012023-03-31058402292021-03-31058402292021-04-012022-03-31058402292022-03-3105840229ns14:PoundSterlingns10:Original2022-04-012023-03-3105840229ns10:Originalns10:Director12022-04-012023-03-3105840229ns10:Original2022-04-012023-03-3105840229ns10:Original2023-03-3105840229ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3105840229ns10:Originalns10:SmallEntities2022-04-012023-03-3105840229ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3105840229ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3105840229ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3105840229ns10:Originalns10:FullAccounts2022-04-012023-03-3105840229ns10:Originalns10:OrdinaryShareClass12022-04-012023-03-3105840229ns10:Original2022-03-3105840229ns10:Originalns5:CurrentFinancialInstruments2023-03-3105840229ns10:Originalns5:CurrentFinancialInstruments2022-03-3105840229ns10:Originalns5:Non-currentFinancialInstruments2023-03-3105840229ns10:Originalns5:Non-currentFinancialInstruments2022-03-3105840229ns5:ShareCapitalns10:Original2023-03-3105840229ns5:ShareCapitalns10:Original2022-03-3105840229ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3105840229ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3105840229ns10:Originalns5:PlantMachinery2022-04-012023-03-3105840229ns10:Originalns5:MotorVehicles2022-04-012023-03-3105840229ns10:Originalns5:ComputerEquipment2022-04-012023-03-3105840229ns10:Original2021-04-012022-03-3105840229ns10:Originalns5:PlantMachinery2022-03-3105840229ns10:Originalns5:MotorVehicles2022-03-3105840229ns10:Originalns5:ComputerEquipment2022-03-3105840229ns10:Original2022-03-3105840229ns10:Originalns5:PlantMachinery2023-03-3105840229ns10:Originalns5:MotorVehicles2023-03-3105840229ns10:Originalns5:ComputerEquipment2023-03-3105840229ns10:Originalns5:PlantMachinery2022-03-3105840229ns10:Originalns5:MotorVehicles2022-03-3105840229ns10:Originalns5:ComputerEquipment2022-03-3105840229ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3105840229ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3105840229ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-03-3105840229ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-03-3105840229ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3105840229ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-03-3105840229ns10:Originalns5:DeferredTaxation2022-03-3105840229ns10:Originalns5:DeferredTaxation2022-04-012023-03-3105840229ns10:Originalns5:DeferredTaxation2023-03-3105840229ns10:Originalns10:OrdinaryShareClass12023-03-31
REGISTERED NUMBER: 05840229











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

ATC CONTRACTORS LIMITED

ATC CONTRACTORS LIMITED (REGISTERED NUMBER: 05840229)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Balance sheet 1

Notes to the financial statements 2


ATC CONTRACTORS LIMITED (REGISTERED NUMBER: 05840229)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 6,209 8,278

Current assets
Stocks 32,793 51,038
Debtors 5 15,730 30,731
Cash at bank 25,248 98,681
73,771 180,450
Creditors
Amounts falling due within one year 6 55,867 133,775
Net current assets 17,904 46,675
Total assets less current liabilities 24,113 54,953

Creditors
Amounts falling due after more than one year 7 (21,667 ) (31,667 )

Provisions for liabilities 8 (1,428 ) (1,573 )
Net assets 1,018 21,713

Capital and reserves
Called up share capital 9 100 100
Retained earnings 918 21,613
Shareholders' funds 1,018 21,713

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.

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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 November 2023 and were signed by:




Mr A Trimmer - Director


ATC CONTRACTORS LIMITED (REGISTERED NUMBER: 05840229)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. Statutory information

ATC Contractors Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 05840229. The registered office and business address is 14 Beaucroft Road, Wimborne, Dorset, BH21 2QW.

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 represents amounts invoiced for building and carpentry services in the year, excluding value added tax.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Government grants
Using the accrual basis government grants relating to revenue are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

Grants which become receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs shall be recognised in income in the period in which it becomes receivable.

Stocks
Stock and Work In Progress are valued at the lower of cost and net realisable value.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

ATC CONTRACTORS LIMITED (REGISTERED NUMBER: 05840229)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. Accounting policies - continued

Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its parent comprise a small-sized group. The group has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

4. Tangible fixed assets
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1 April 2022
and 31 March 2023 14,807 36,950 3,455 55,212
Depreciation
At 1 April 2022 14,500 28,979 3,455 46,934
Charge for year 76 1,993 - 2,069
At 31 March 2023 14,576 30,972 3,455 49,003
Net book value
At 31 March 2023 231 5,978 - 6,209
At 31 March 2022 307 7,971 - 8,278

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 11,087 9,283
Amounts owed by group undertakings 2,426 -
Sundry debtors - 1,850
VAT - 17,350
Prepayments and accrued income 2,217 2,248
15,730 30,731

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 10,139 32,447
Amounts owed to group undertakings - 60,083
Tax 8,301 7,187
Social security and other taxes 2,147 5,118
VAT 6,130 -
Accruals and deferred income 19,150 18,940
55,867 133,775

ATC CONTRACTORS LIMITED (REGISTERED NUMBER: 05840229)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 11,667 21,667
21,667 31,667

8. Provisions for liabilities
2023 2022
£    £   
Deferred tax 1,428 1,573

Deferred
tax
£   
Balance at 1 April 2022 1,573
Credit to Income statement during year (145 )
Balance at 31 March 2023 1,428

9. Called up share capital

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

10. Ultimate controlling party

The company is ultimately controlled by the director Mr A Trimmer, by virtue of his 51% holding in the voting share capital of the parent company, Taron Group Limited.