Atrium Estate and Letting Agents Limited SC598399 false 2022-06-01 2023-05-31 2023-05-31 The principal activity of the company is property sales and letting services. Digita Accounts Production Advanced 6.30.9574.0 true SC598399 2022-06-01 2023-05-31 SC598399 2023-05-31 SC598399 bus:Original 2023-05-31 SC598399 core:RetainedEarningsAccumulatedLosses 2023-05-31 SC598399 core:ShareCapital 2023-05-31 SC598399 core:CurrentFinancialInstruments 2023-05-31 SC598399 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 SC598399 core:Non-currentFinancialInstruments 2023-05-31 SC598399 core:Non-currentFinancialInstruments core:AfterOneYear 2023-05-31 SC598399 core:FurnitureFittings 2023-05-31 SC598399 core:OfficeEquipment 2023-05-31 SC598399 bus:SmallEntities 2022-06-01 2023-05-31 SC598399 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 SC598399 bus:FullAccounts 2022-06-01 2023-05-31 SC598399 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 SC598399 bus:RegisteredOffice 2022-06-01 2023-05-31 SC598399 bus:Director1 2022-06-01 2023-05-31 SC598399 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 SC598399 bus:Agent1 2022-06-01 2023-05-31 SC598399 core:FurnitureFittings 2022-06-01 2023-05-31 SC598399 core:OfficeEquipment 2022-06-01 2023-05-31 SC598399 countries:Scotland 2022-06-01 2023-05-31 SC598399 2022-05-31 SC598399 core:FurnitureFittings 2022-05-31 SC598399 core:OfficeEquipment 2022-05-31 SC598399 2021-06-01 2022-05-31 SC598399 2022-05-31 SC598399 bus:Director1 1 2022-05-31 SC598399 core:RetainedEarningsAccumulatedLosses 2022-05-31 SC598399 core:ShareCapital 2022-05-31 SC598399 core:CurrentFinancialInstruments 2022-05-31 SC598399 core:CurrentFinancialInstruments core:WithinOneYear 2022-05-31 SC598399 core:Non-currentFinancialInstruments 2022-05-31 SC598399 core:Non-currentFinancialInstruments core:AfterOneYear 2022-05-31 SC598399 core:FurnitureFittings 2022-05-31 SC598399 core:OfficeEquipment 2022-05-31 SC598399 bus:Director1 1 2021-06-01 2022-05-31 SC598399 bus:Director1 1 2021-05-31 iso4217:GBP xbrli:pure

Registration number: SC598399

Atrium Estate and Letting Agents Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2023

 

Atrium Estate and Letting Agents Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

Accountants' Report

9

 

Atrium Estate and Letting Agents Limited

Company Information

Director

Mrs Lisa Michelle Furby

Registered office

Unit 4B
Gateway Business Park
Beancross Road
Grangemouth
FK3 8WX

Accountants

Yates & Co CA
Unit 4B
Gateway Business Park
Beancross Road
Grangemouth
FK3 8WX

 

Atrium Estate and Letting Agents Limited

(Registration number: SC598399)
Balance Sheet as at 31 May 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

7,914

9,213

Current assets

 

Debtors

5

17,662

29,705

Cash at bank and in hand

 

66,622

95,524

 

84,284

125,229

Creditors: Amounts falling due within one year

6

(39,709)

(75,304)

Net current assets

 

44,575

49,925

Total assets less current liabilities

 

52,489

59,138

Creditors: Amounts falling due after more than one year

6

(19,926)

(29,665)

Provisions for liabilities

(1,503)

(1,750)

Net assets

 

31,060

27,723

Capital and reserves

 

Called up share capital

100

100

Retained earnings

30,960

27,623

Shareholders' funds

 

31,060

27,723

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

Director's 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 director acknowledges her 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 7 November 2023
 

 

Atrium Estate and Letting Agents Limited

(Registration number: SC598399)
Balance Sheet as at 31 May 2023

.........................................
Mrs Lisa Michelle Furby
Director

 

Atrium Estate and Letting Agents Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

1

General information

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

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

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 current and 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.

 

Atrium Estate and Letting Agents Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

Tangible assets

Tangible assets are stated in the balance sheet 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:

Asset class

Depreciation method and rate

Fixtures and fittings

Reducing balance at 20%

Office equipment

Reducing balance at 20%

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual
arrangement, as either 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.

 

3

Employees and Directors

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 3).

 

Atrium Estate and Letting Agents Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 June 2022

10,974

3,977

14,951

Additions

-

679

679

At 31 May 2023

10,974

4,656

15,630

Depreciation

At 1 June 2022

4,378

1,360

5,738

Charge for the year

1,319

659

1,978

At 31 May 2023

5,697

2,019

7,716

Carrying amount

At 31 May 2023

5,277

2,637

7,914

At 31 May 2022

6,596

2,617

9,213

5

Debtors

Current

2023
£

2022
£

Trade debtors

14,589

150

Prepayments

-

600

Other debtors

3,073

28,955

 

17,662

29,705

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

10,907

11,168

Trade creditors

 

-

2,570

Taxation and social security

 

26,798

26,352

Other creditors

 

2,004

35,214

 

39,709

75,304

 

Atrium Estate and Letting Agents Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

19,926

29,665

7

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

19,926

29,665

2023
£

2022
£

Current loans and borrowings

Bank borrowings

10,907

11,168

 

Atrium Estate and Letting Agents Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

8

Related party transactions

Transactions with directors

Debtors include the following amounts which are owed from individuals who were directors of the company during the year:

2022

At 1 June 2021
£

Repayments by director
£

At 31 May 2022
£

Mrs Lisa Michelle Furby

195

(195)

-

       
     

 

Creditors include the following amounts which are owed to individuals who were directors of the company during the year:

2023
 £

2022
 £

Mrs L M Furby

4

862

 

4

862

The maximum balance outstanding during the year amounted to £862.

The director's current account is repayable on demand.

Included in Other Debtors is an amount of £3,074, which is owed by a related party, Atrium Lettings Ltd, in which Lisa Furby is also a director.

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Atrium Estate and Letting Agents Limited
for the Year Ended 31 May 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Atrium Estate and Letting Agents Limited for the year ended 31 May 2023 as set out on pages 2 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Atrium Estate and Letting Agents Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Atrium Estate and Letting Agents Limited and state those matters that we have agreed to state to the Board of Directors of Atrium Estate and Letting Agents Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Atrium Estate and Letting Agents Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Atrium Estate and Letting Agents Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Atrium Estate and Letting Agents Limited. You consider that Atrium Estate and Letting Agents Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Atrium Estate and Letting Agents Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Yates & Co CA
Unit 4B
Gateway Business Park
Beancross Road
Grangemouth
FK3 8WX

7 November 2023