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REGISTERED NUMBER: 05419865 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

ATIC RECORDS LTD

ATIC RECORDS LTD (REGISTERED NUMBER: 05419865)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


ATIC RECORDS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: Mr A Turner



SECRETARY: Mr A Turner



REGISTERED OFFICE: 31 Skelwith Drive
Barrow In Furness
Cumbria
LA14 4PF



REGISTERED NUMBER: 05419865 (England and Wales)



BANKERS: HSBC Bank plc
104 Duke Street
Barrow in Furness
Cumbria
LA14 0LR

ATIC RECORDS LTD (REGISTERED NUMBER: 05419865)

ABRIDGED BALANCE SHEET
31 MAY 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,338 11,058

CURRENT ASSETS
Debtors 49,414 -
Cash at bank 18,512 101,274
67,926 101,274
CREDITORS
Amounts falling due within one year 7,001 8,941
NET CURRENT ASSETS 60,925 92,333
TOTAL ASSETS LESS CURRENT
LIABILITIES

67,263

103,391

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings 67,163 103,291
SHAREHOLDERS' FUNDS 67,263 103,391

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

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 October 2023 and were signed by:





Mr A Turner - Director


ATIC RECORDS LTD (REGISTERED NUMBER: 05419865)

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

1. STATUTORY INFORMATION

Atic Records 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.

Turnover
Turnover represents net invoiced sales of goods and services, excluding VAT.

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
Computer equipment - 25% on cost

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 1 ).

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022 41,152
Additions 420
At 31 May 2023 41,572
DEPRECIATION
At 1 June 2022 30,094
Charge for year 5,140
At 31 May 2023 35,234
NET BOOK VALUE
At 31 May 2023 6,338
At 31 May 2022 11,058

ATIC RECORDS LTD (REGISTERED NUMBER: 05419865)

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

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
50 Ordinary A £1 50 50
50 B Ordinary £1 50 50
100 100

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2023 and 31 May 2022:

31.5.23 31.5.22
£    £   
Mr A Turner
Balance outstanding at start of year - 6,353
Amounts advanced 48,644 -
Amounts repaid - (6,353 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 48,644 -

During the financial year the director was charged £601(2022: £ - ) interest on the loan which is unsecured and repayable on demand.

7. ULTIMATE CONTROLLING PARTY

The controlling party is Mr A Turner.