Registered number
08156109
ATMAN ENTERPRISE LIMITED
Unaudited Filleted Accounts
31 March 2023
ATMAN ENTERPRISE LIMITED
Registered number: 08156109
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 459,886 459,069
Current assets
Debtors 4 - 2,288
Cash at bank and in hand 8,316 6,376
8,316 8,664
Creditors: amounts falling due within one year 5 (3,880) (3,199)
Net current assets 4,436 5,465
Total assets less current liabilities 464,322 464,534
Creditors: amounts falling due after more than one year 6 (355,902) (362,880)
Net assets 108,420 101,654
Capital and reserves
Called up share capital 100,000 100,000
Profit and loss account 8,420 1,654
Shareholder's funds 108,420 101,654
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dr Shailesh Vadodaria
Director
Approved by the board on 20 December 2023
ATMAN ENTERPRISE LIMITED
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings Not depreciated
Plant and machinery, fixtures and fittings 25% on straight line
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2022 422,783 60,661 483,444
Additions - 7,364 7,364
At 31 March 2023 422,783 68,025 490,808
Depreciation
At 1 April 2022 - 24,375 24,375
Charge for the year - 6,547 6,547
At 31 March 2023 - 30,922 30,922
Net book value
At 31 March 2023 422,783 37,103 459,886
At 31 March 2022 422,783 36,286 459,069
4 Debtors 2023 2022
£ £
Other debtors - 2,288
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 1,379 699
Other creditors 2,501 2,500
3,880 3,199
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors-inter company loans 355,902 362,880
7 Controlling party
The ultimate controlling party is TRUSTEES OF VADODARIA EFRBS where the principal beneficiaries are Dr Shailesh and Dr Bela Vadodaria and their family members.
8 Other information
ATMAN ENTERPRISE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Unit 3
Wilmington Close
Exchnage Road
Watford, Herts
WD18 0AF
ATMAN ENTERPRISE LIMITED 08156109 false 2022-04-01 2023-03-31 2023-03-31 VT Final Accounts October 2023 release 2 Dr Shailesh Vadodaria No description of principal activity 08156109 2021-04-01 2022-03-31 08156109 core:WithinOneYear 2022-03-31 08156109 core:AfterOneYear 2022-03-31 08156109 core:ShareCapital 2022-03-31 08156109 core:RetainedEarningsAccumulatedLosses 2022-03-31 08156109 2022-04-01 2023-03-31 08156109 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 08156109 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 08156109 bus:Director40 2022-04-01 2023-03-31 08156109 1 2022-04-01 2023-03-31 08156109 2 2022-04-01 2023-03-31 08156109 core:LandBuildings 2022-04-01 2023-03-31 08156109 core:PlantMachinery 2022-04-01 2023-03-31 08156109 countries:England 2022-04-01 2023-03-31 08156109 bus:FRS102 2022-04-01 2023-03-31 08156109 bus:FullAccounts 2022-04-01 2023-03-31 08156109 2023-03-31 08156109 core:WithinOneYear 2023-03-31 08156109 core:AfterOneYear 2023-03-31 08156109 core:ShareCapital 2023-03-31 08156109 core:RetainedEarningsAccumulatedLosses 2023-03-31 08156109 core:LandBuildings 2023-03-31 08156109 core:PlantMachinery 2023-03-31 08156109 2022-03-31 08156109 core:LandBuildings 2022-03-31 08156109 core:PlantMachinery 2022-03-31 iso4217:GBP xbrli:pure