Silverfin false 31/03/2023 01/04/2022 31/03/2023 Oliver Michael Beynon 18/10/2018 Debra Bridgit Clack 18/10/2018 25 October 2023 The principal activity of the Company during the financial year was health and safety consultancy. 11629654 2023-03-31 11629654 bus:Director1 2023-03-31 11629654 bus:Director2 2023-03-31 11629654 2022-03-31 11629654 core:CurrentFinancialInstruments 2023-03-31 11629654 core:CurrentFinancialInstruments 2022-03-31 11629654 core:ShareCapital 2023-03-31 11629654 core:ShareCapital 2022-03-31 11629654 core:RetainedEarningsAccumulatedLosses 2023-03-31 11629654 core:RetainedEarningsAccumulatedLosses 2022-03-31 11629654 core:Vehicles 2022-03-31 11629654 core:ToolsEquipment 2022-03-31 11629654 core:ComputerEquipment 2022-03-31 11629654 core:Vehicles 2023-03-31 11629654 core:ToolsEquipment 2023-03-31 11629654 core:ComputerEquipment 2023-03-31 11629654 core:CurrentFinancialInstruments 1 2023-03-31 11629654 core:CurrentFinancialInstruments 1 2022-03-31 11629654 2022-04-01 2023-03-31 11629654 bus:FullAccounts 2022-04-01 2023-03-31 11629654 bus:SmallEntities 2022-04-01 2023-03-31 11629654 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 11629654 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 11629654 bus:Director1 2022-04-01 2023-03-31 11629654 bus:Director2 2022-04-01 2023-03-31 11629654 core:Vehicles core:TopRangeValue 2022-04-01 2023-03-31 11629654 core:ToolsEquipment core:TopRangeValue 2022-04-01 2023-03-31 11629654 core:ComputerEquipment core:TopRangeValue 2022-04-01 2023-03-31 11629654 2021-04-01 2022-03-31 11629654 core:Vehicles 2022-04-01 2023-03-31 11629654 core:ToolsEquipment 2022-04-01 2023-03-31 11629654 core:ComputerEquipment 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Company No: 11629654 (England and Wales)

ATLAS CDM GROUP LTD

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

ATLAS CDM GROUP LTD

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

ATLAS CDM GROUP LTD

COMPANY INFORMATION

For the financial year ended 31 March 2023
ATLAS CDM GROUP LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2023
DIRECTORS Oliver Michael Beynon
Debra Bridgit Clack
REGISTERED OFFICE Unit Z1 Westpark
Chelston
Wellington
TA21 9AD
England
United Kingdom
COMPANY NUMBER 11629654 (England and Wales)
CHARTERED ACCOUNTANTS Albert Goodman LLP
Goodwood House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX
ATLAS CDM GROUP LTD

BALANCE SHEET

As at 31 March 2023
ATLAS CDM GROUP LTD

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Restated
Fixed assets
Tangible assets 4 15,440 17,038
15,440 17,038
Current assets
Debtors 5 386,059 374,138
Cash at bank and in hand 155,461 6,421
541,520 380,559
Creditors: amounts falling due within one year 6 ( 148,028) ( 214,991)
Net current assets 393,492 165,568
Total assets less current liabilities 408,932 182,606
Provision for liabilities ( 3,860) ( 3,237)
Net assets 405,072 179,369
Capital and reserves
Called-up share capital 1 1
Profit and loss account 405,071 179,368
Total shareholder's funds 405,072 179,369

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Atlas CDM Group Ltd (registered number: 11629654) were approved and authorised for issue by the Board of Directors on 25 October 2023. They were signed on its behalf by:

Oliver Michael Beynon
Director
ATLAS CDM GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
ATLAS CDM GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Atlas CDM Group Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit Z1 Westpark, Chelston, Wellington, TA21 9AD, England, United Kingdom.

This is the first year that the accounts have been prepared under FRS 102 Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. Under FRS 102 Section 1A deferred taxation is recognised, in line with the accounting policy, whereas this is not a requirement under FRS 105. As a result of transition to FRS 102 Section 1A there is now a deferred tax liability recognised in the financial statements as a provision for liabilities resulting in a corresponding decrease in the profit and loss account.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles 5 years straight line
Tools and equipment 4 years straight line
Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2.Transition to FRS102

The Company has adopted FRS 102 for the year ended 31 March 2023 and has restated the comparative year amounts.

Reconciliation of equity

01.04.2021 31.03.2022
£ £
Capital and reserves (as previously stated) 2,914 182,606
Provision for liabilities 0 (3,237)
Capital and reserves (as restated) 2,914 179,369

Reconciliation of profit or loss

31.03.2022
£
Profit for the year (as previously stated) 179,692
Deferred tax movement (3,237)
Profit for the year (as restated) 176,455

3. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

4. Tangible assets

Vehicles Tools and equipment Computer equipment Total
£ £ £ £
Cost
At 01 April 2022 7,250 10,392 0 17,642
Additions 0 433 2,763 3,196
At 31 March 2023 7,250 10,825 2,763 20,838
Accumulated depreciation
At 01 April 2022 363 241 0 604
Charge for the financial year 1,450 2,625 719 4,794
At 31 March 2023 1,813 2,866 719 5,398
Net book value
At 31 March 2023 5,437 7,959 2,044 15,440
At 31 March 2022 6,887 10,151 0 17,038

5. Debtors

2023 2022
£ £
Trade debtors 52,699 337,525
Amounts owed by Group undertakings 333,360 36,613
386,059 374,138

6. Creditors: amounts falling due within one year

2023 2022
£ £
Bank overdrafts 0 5,592
Trade creditors 14,947 49,845
CIS withheld 1,659 0
Taxation and social security 129,569 32,837
Other creditors 1,853 126,717
148,028 214,991