ATL PACKAGING LIMITED

Company Registration Number:
05828631 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2023

Period of accounts

Start date: 01 June 2022

End date: 31 May 2023

ATL PACKAGING LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2023

Balance sheet
Notes

ATL PACKAGING LIMITED

Balance sheet

As at 31 May 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 51,119 57,114
Investments:   0 0
Total fixed assets: 51,119 57,114
Current assets
Stocks: 116,942 109,205
Debtors: 4 608,430 779,931
Cash at bank and in hand: 1,289 1,289
Investments:   0 0
Total current assets: 726,661 890,425
Creditors: amounts falling due within one year: 5 (664,786) (840,322)
Net current assets (liabilities): 61,875 50,103
Total assets less current liabilities: 112,994 107,217
Creditors: amounts falling due after more than one year: 6 (22,408) (31,126)
Provision for liabilities: (3,258) (4,143)
Total net assets (liabilities): 87,328 71,948
Capital and reserves
Called up share capital: 300 300
Profit and loss account: 87,028 71,648
Shareholders funds: 87,328 71,948

The notes form part of these financial statements

ATL PACKAGING LIMITED

Balance sheet statements

For the year ending 31 May 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 February 2024
and signed on behalf of the board by:

Name: Anthony Norman
Status: Director

The notes form part of these financial statements

ATL PACKAGING LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

TurnoverTurnover 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 and depreciation policy

Tangible fixed assetsDepreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Land and building in accordance with the property Plant and machinery etc 25% on cost and at varying rates on cost.

Other accounting policies

StocksStocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. TaxationTaxation 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 taxDeferred 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.Pension costs and other post-retirement benefitsThe 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.

ATL PACKAGING LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

2. Employees

2023 2022
Average number of employees during the period 6 6

ATL PACKAGING LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Tangible Assets

Total
Cost £
At 01 June 2022 163,472
Disposals (56,000)
At 31 May 2023 107,472
Depreciation
At 01 June 2022 106,358
Charge for year 5,995
On disposals (56,000)
At 31 May 2023 56,353
Net book value
At 31 May 2023 51,119
At 31 May 2022 57,114

ATL PACKAGING LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Debtors

2023 2022
££
Debtors due after more than one year: 0 0

ATL PACKAGING LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

5. Creditors: amounts falling due within one year note

31.5.23 31.5.22Bank loans and overdrafts 71675 201951Trade creditors 458620 428238Taxation and social security 127118 196446Other creditors 7373 13687 664786 840322

ATL PACKAGING LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

6. Creditors: amounts falling due after more than one year note

31.5.23 31.5.22Bank loans 22408 31126