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REGISTERED NUMBER: 10901238 (England and Wales)















Financial Statements for the Year Ended 31 August 2022

for

Athanasios Athanassopoulos Ltd

Athanasios Athanassopoulos Ltd (Registered number: 10901238)






Contents of the Financial Statements
for the Year Ended 31 August 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Athanasios Athanassopoulos Ltd

Company Information
for the Year Ended 31 August 2022







DIRECTORS: Dr A Athanassopoulos
Mrs L Athanassopoulos





REGISTERED OFFICE: 71-75 Shelton Street
Covent Garden
London
WC2H 9JQ





REGISTERED NUMBER: 10901238 (England and Wales)





ACCOUNTANTS: Tawse & Partners
Chartered Accountants
18 North Silver Street
Aberdeen
AB10 1JU

Athanasios Athanassopoulos Ltd (Registered number: 10901238)

Balance Sheet
31 August 2022

31.8.22 31.8.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 36,000 48,000
Tangible assets 5 109,552 244,774
145,552 292,774

CURRENT ASSETS
Stocks 20,000 10,473
Debtors 6 638,317 47,408
Cash at bank and in hand 423 225,130
658,740 283,011
CREDITORS
Amounts falling due within one year 7 192,059 224,726
NET CURRENT ASSETS 466,681 58,285
TOTAL ASSETS LESS CURRENT
LIABILITIES

612,233

351,059

PROVISIONS FOR LIABILITIES 20,815 18,684
NET ASSETS 591,418 332,375

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 591,416 332,373
591,418 332,375

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.

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

Athanasios Athanassopoulos Ltd (Registered number: 10901238)

Balance Sheet - continued
31 August 2022


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 23 November 2023 and were signed on its behalf by:





Mrs L Athanassopoulos - Director


Athanasios Athanassopoulos Ltd (Registered number: 10901238)

Notes to the Financial Statements
for the Year Ended 31 August 2022

1. STATUTORY INFORMATION

Athanasios Athanassopoulos 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 20% straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Athanasios Athanassopoulos Ltd (Registered number: 10901238)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2022

2. ACCOUNTING POLICIES - continued

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 20 (2021 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2021
and 31 August 2022 60,000
AMORTISATION
At 1 September 2021 12,000
Charge for year 12,000
At 31 August 2022 24,000
NET BOOK VALUE
At 31 August 2022 36,000
At 31 August 2021 48,000

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2021 146,436 125,491 271,927
Additions - 34,481 34,481
Disposals (146,436 ) - (146,436 )
At 31 August 2022 - 159,972 159,972
DEPRECIATION
At 1 September 2021 - 27,153 27,153
Charge for year - 23,267 23,267
At 31 August 2022 - 50,420 50,420
NET BOOK VALUE
At 31 August 2022 - 109,552 109,552
At 31 August 2021 146,436 98,338 244,774

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.22 31.8.21
£    £   
Other debtors 638,317 47,408

Athanasios Athanassopoulos Ltd (Registered number: 10901238)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.22 31.8.21
£    £   
Bank loans and overdrafts 4,758 -
Trade creditors 6,165 13,851
Taxation and social security 125,398 127,104
Other creditors 55,738 83,771
192,059 224,726

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2022 and 31 August 2021:

31.8.22 31.8.21
£    £   
Mrs L Athanassopoulos and Dr A Athanassopoulos
Balance outstanding at start of year 47,408 (3,968 )
Amounts advanced 15,500 52,000
Amounts repaid (75,000 ) (624 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (12,092 ) 47,408