Atlas Environments Limited 02229411 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is that of design installation and maintenance of controlled laboratory and clean room environments. Digita Accounts Production Advanced 6.30.9574.0 true true 02229411 2022-04-01 2023-03-31 02229411 2023-03-31 02229411 bus:Original 2023-03-31 02229411 core:CurrentFinancialInstruments 2023-03-31 02229411 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 02229411 core:Non-currentFinancialInstruments 2023-03-31 02229411 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 02229411 core:FurnitureFittings 2023-03-31 02229411 core:MotorVehicles 2023-03-31 02229411 core:PlantMachinery 2023-03-31 02229411 bus:SmallEntities 2022-04-01 2023-03-31 02229411 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 02229411 bus:FullAccounts 2022-04-01 2023-03-31 02229411 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 02229411 bus:RegisteredOffice 2022-04-01 2023-03-31 02229411 bus:Director2 2022-04-01 2023-03-31 02229411 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 02229411 core:FurnitureFittings 2022-04-01 2023-03-31 02229411 core:MotorVehicles 2022-04-01 2023-03-31 02229411 core:PlantMachinery 2022-04-01 2023-03-31 02229411 countries:England 2022-04-01 2023-03-31 02229411 2022-03-31 02229411 core:FurnitureFittings 2022-03-31 02229411 core:MotorVehicles 2022-03-31 02229411 core:PlantMachinery 2022-03-31 02229411 2021-04-01 2022-03-31 02229411 2022-03-31 02229411 core:CurrentFinancialInstruments 2022-03-31 02229411 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 02229411 core:Non-currentFinancialInstruments 2022-03-31 02229411 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 02229411 core:FurnitureFittings 2022-03-31 02229411 core:MotorVehicles 2022-03-31 02229411 core:PlantMachinery 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 02229411

Atlas Environments Limited

Unaudited Financial Statements

for the Year Ended 31 March 2023

 

Atlas Environments Limited

Contents

Statement of Financial Position

1 to 2

Notes to the Financial Statements

3 to 7

 

Atlas Environments Limited

(Registration number: 02229411)
Statement of Financial Position as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

3

11,053

34,451

Current assets

 

Stocks

4

-

5,260

Debtors

5

49,414

572,266

Cash at bank and in hand

 

96,279

397,963

 

145,693

975,489

Creditors: Amounts falling due within one year

6

(14,005)

(811,129)

Net current assets

 

131,688

164,360

Total assets less current liabilities

 

142,741

198,811

Creditors: Amounts falling due after more than one year

6

-

(22,000)

Provisions for liabilities

(727)

(3,754)

Net assets

 

142,014

173,057

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

141,014

172,057

Shareholders' funds

 

142,014

173,057

 

Atlas Environments Limited

(Registration number: 02229411)
Statement of Financial Position as at 31 March 2023

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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 20 October 2023 and signed on its behalf by:
 

.........................................
Mr R A Muscovitch
Director

 

Atlas Environments Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Atlas House
1 Bellfield Avenue
Cheadle
Cheshire
SK8 7AG
United Kingdom

These financial statements were authorised for issue by the Board on 20 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements for the year ended 31 March 2022 comply with FRS 102 Section 1A for small entities.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

 

Atlas Environments Limited

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

Going concern

Due to the current unprecedented market and economic conditions in the U.K. and internationally, the expected impact of the COVID-19 pandemic on the Company’s operations cannot be reasonably estimated. Revenue may fall as customers are hit by the pandemic, but expenses will, likely, decrease as a result which will help to mitigate the impact on profits and the company has sufficient reserves in place to cover any deficit for at least 12 months from the date of approval of these financial statements.

Revenue recognition

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.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Atlas Environments Limited

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

Asset class

Depreciation method and rate

Plant and machinery

20% Straight line

Fixtures and fittings

15% Straight line

Motor vehicles

25% Straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.
 

 

Atlas Environments Limited

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

3

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2022

5,909

47,590

70,524

124,023

Additions

-

267

-

267

Disposals

-

-

(26,000)

(26,000)

At 31 March 2023

5,909

47,857

44,524

98,290

Depreciation

At 1 April 2022

5,909

45,549

38,114

89,572

Charge for the year

-

625

10,040

10,665

Eliminated on disposal

-

-

(13,000)

(13,000)

At 31 March 2023

5,909

46,174

35,154

87,237

Carrying amount

At 31 March 2023

-

1,683

9,370

11,053

At 31 March 2022

-

2,041

32,410

34,451

4

Stocks

2023
£

2022
£

Other inventories

-

5,260

5

Debtors

Current

2023
£

2022
£

Trade debtors

45,300

556,005

Other debtors

4,114

16,261

 

49,414

572,266

 

Atlas Environments Limited

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

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

-

12,224

Trade creditors

 

1,437

155,948

Taxation and social security

 

6,331

141,114

Other creditors

 

6,237

501,843

 

14,005

811,129

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

-

22,000

7

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

-

22,000

2023
£

2022
£

Current loans and borrowings

Bank borrowings

-

12,224

8

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2022 - 6).