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REGISTERED NUMBER: 12340188 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 NOVEMBER 2022

FOR

ATID CONTRACTORS LTD

ATID CONTRACTORS LTD (REGISTERED NUMBER: 12340188)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ATID CONTRACTORS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2022







DIRECTORS: S Pines
S Tanase





REGISTERED OFFICE: Ground Floor
Unit 1 Hawthorn Business Park
165 Granville Road
London
NW2 2AZ





REGISTERED NUMBER: 12340188 (England and Wales)





ACCOUNTANTS: Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH

ATID CONTRACTORS LTD (REGISTERED NUMBER: 12340188)

BALANCE SHEET
30 NOVEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 119,164 29,122

CURRENT ASSETS
Debtors 5 2,123,214 1,765,368
Cash at bank and in hand 98,904 217,289
2,222,118 1,982,657
CREDITORS
Amounts falling due within one year 6 2,108,373 1,720,873
NET CURRENT ASSETS 113,745 261,784
TOTAL ASSETS LESS CURRENT
LIABILITIES

232,909

290,906

PROVISIONS FOR LIABILITIES 43,529 180,707
NET ASSETS 189,380 110,199

CAPITAL AND RESERVES
Called up share capital 100 100
Profit and loss account 189,280 110,099
189,380 110,199

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 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.

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 27 October 2023 and were signed on its behalf by:





S Pines - Director


ATID CONTRACTORS LTD (REGISTERED NUMBER: 12340188)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022


1. STATUTORY INFORMATION

ATID Contractors 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.

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.
Plant and machinery - 33% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on reducing balance

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.

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 8 (2021 - NIL ) .

ATID CONTRACTORS LTD (REGISTERED NUMBER: 12340188)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2022


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 December 2021 - - 38,830 38,830
Additions 3,787 2,213 147,516 153,516
At 30 November 2022 3,787 2,213 186,346 192,346
DEPRECIATION
At 1 December 2021 - - 9,708 9,708
Charge for year 1,250 730 61,494 63,474
At 30 November 2022 1,250 730 71,202 73,182
NET BOOK VALUE
At 30 November 2022 2,537 1,483 115,144 119,164
At 30 November 2021 - - 29,122 29,122

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 237,556 254,364
Other debtors 1,885,658 1,511,004
2,123,214 1,765,368

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 1,173,506 836,239
Taxation and social security 71,227 141,825
Other creditors 863,640 742,809
2,108,373 1,720,873

7. CONTINGENT LIABILITIES

The company has an unlimited guarantee whereby the assets of the company are pledged as security in respect of bank borrowings by a related party. At the balance sheet date the potential contingent liability amounted to £932,882

ATID CONTRACTORS LTD (REGISTERED NUMBER: 12340188)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2022


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 30 November 2022 and the period ended 30 November 2021:

2022 2021
£    £   
S Pines
Balance outstanding at start of year - -
Amounts advanced 167,708 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 167,708 -

S Tanase
Balance outstanding at start of year - -
Amounts advanced 17,350 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,350 -

The amount owed by directors to the company was repaid within 9 months of the year end.

9. RELATED PARTY DISCLOSURES

Included in other debtors is an amount of £7,838 (2021:£7,673) due from companies controlled by the directors.

Included in other creditors is an amount of £758,095 (2021:£535,751) due to a company controlled by the directors.