Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-01falseNo description of principal activity66truetrue 03893366 2023-01-01 2023-12-31 03893366 2022-01-01 2022-12-31 03893366 2023-12-31 03893366 2022-12-31 03893366 c:Director2 2023-01-01 2023-12-31 03893366 d:PlantMachinery 2023-01-01 2023-12-31 03893366 d:PlantMachinery 2023-12-31 03893366 d:PlantMachinery 2022-12-31 03893366 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03893366 d:MotorVehicles 2023-01-01 2023-12-31 03893366 d:MotorVehicles 2023-12-31 03893366 d:MotorVehicles 2022-12-31 03893366 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03893366 d:OfficeEquipment 2023-01-01 2023-12-31 03893366 d:OfficeEquipment 2023-12-31 03893366 d:OfficeEquipment 2022-12-31 03893366 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03893366 d:ComputerEquipment 2023-01-01 2023-12-31 03893366 d:ComputerEquipment 2023-12-31 03893366 d:ComputerEquipment 2022-12-31 03893366 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03893366 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03893366 d:ComputerSoftware 2023-01-01 2023-12-31 03893366 d:ComputerSoftware 2023-12-31 03893366 d:ComputerSoftware 2022-12-31 03893366 d:CurrentFinancialInstruments 2023-12-31 03893366 d:CurrentFinancialInstruments 2022-12-31 03893366 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03893366 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 03893366 d:ShareCapital 2023-12-31 03893366 d:ShareCapital 2022-12-31 03893366 d:CapitalRedemptionReserve 2023-12-31 03893366 d:CapitalRedemptionReserve 2022-12-31 03893366 d:RetainedEarningsAccumulatedLosses 2023-12-31 03893366 d:RetainedEarningsAccumulatedLosses 2022-12-31 03893366 c:FRS102 2023-01-01 2023-12-31 03893366 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03893366 c:FullAccounts 2023-01-01 2023-12-31 03893366 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03893366 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2023-01-01 2023-12-31 03893366 d:ComputerSoftware d:OwnedIntangibleAssets 2023-01-01 2023-12-31 03893366 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 03893366










ATF COMMERCIAL LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
ATF COMMERCIAL LIMITED
REGISTERED NUMBER: 03893366

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
30,876
-

Tangible assets
 5 
233,689
111,403

  
264,565
111,403

Current assets
  

Debtors: amounts falling due within one year
 6 
140,995
117,520

Current asset investments
 7 
325,173
320,046

Cash at bank and in hand
  
631,279
964,921

  
1,097,447
1,402,487

Creditors: amounts falling due within one year
 8 
(156,651)
(132,700)

Net current assets
  
 
 
940,796
 
 
1,269,787

Total assets less current liabilities
  
1,205,361
1,381,190

  

Net assets
  
1,205,361
1,381,190


Capital and reserves
  

Called up share capital 
  
8,800
10,800

Capital redemption reserve
  
2,000
-

Profit and loss account
  
1,194,561
1,370,390

  
1,205,361
1,381,190


Page 1

 
ATF COMMERCIAL LIMITED
REGISTERED NUMBER: 03893366
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




N G C Watts
Director

Date: 27 March 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
ATF COMMERCIAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

ATF Commercial Limited is a private company limited by shares and incorporated in England and Wales, registration number 03893366. The registered office is 52 London Road, Harleston, Norfolk, England, IP20 9BZ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 3

 
ATF COMMERCIAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant & machinery
-
20% reducing balance
Motor vehicles
-
25% reducing balance
Office equipment
-
20% reducing balance
Computer equipment
-
20% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
ATF COMMERCIAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2022 - 6).

Page 5

 
ATF COMMERCIAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Intangible assets




Computer software

£



Cost


Additions
48,184


Disposals
(17,308)



At 31 December 2023

30,876





Charge for the year on owned assets
17,308


On disposals
(17,308)



At 31 December 2023

-



Net book value



At 31 December 2023
30,876



At 31 December 2022
-



Page 6

 
ATF COMMERCIAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Plant & machinery
Motor vehicles
Office equipment
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 January 2023
2,184
245,310
34,599
53,092
335,185


Additions
-
286,510
-
-
286,510


Disposals
-
(244,975)
-
-
(244,975)



At 31 December 2023

2,184
286,845
34,599
53,092
376,720



Depreciation


At 1 January 2023
930
150,360
28,196
44,296
223,782


Charge for the year on owned assets
251
45,412
1,280
1,759
48,702


Disposals
-
(129,453)
-
-
(129,453)



At 31 December 2023

1,181
66,319
29,476
46,055
143,031



Net book value



At 31 December 2023
1,003
220,526
5,123
7,037
233,689



At 31 December 2022
1,254
94,950
6,403
8,796
111,403


6.


Debtors

2023
2022
£
£


Trade debtors
8,902
22,187

Amounts owed by other participating interests
10,548
26,661

Other debtors
16,329
-

Prepayments and accrued income
105,216
68,672

140,995
117,520


Page 7

 
ATF COMMERCIAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Current asset investments

2023
2022
£
£

Cash on deposit
325,173
320,046

325,173
320,046



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
14,696
4,496

Corporation tax
130,888
98,351

Other taxation and social security
7,787
15,571

Other creditors
665
10,952

Accruals and deferred income
2,615
3,330

156,651
132,700



9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £4,462 (2022 : £4,098). No contributions were payable to the fund at the reporting date.


10.


Transactions with directors

At the year end the directors were owed £435 (2022: £10,892). This is shown within Other Creditors. Amounts advanced to the directors during the year amounted to £392,551, amounts repaid during the year totalled £382,677. Interest on the loan has been charged totalling £583 (2022: £409) at a rate of 2.00% to 5 April 2023, and 2.25% from 6 April 2023.  

 
Page 8