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REGISTERED NUMBER: 12301683 (England and Wales)















Financial Statements for the Year Ended 30 November 2023

for

Atomic Precision Ltd

Atomic Precision Ltd (Registered number: 12301683)






Contents of the Financial Statements
for the year ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

Atomic Precision Ltd

Company Information
for the year ended 30 November 2023







DIRECTORS: Mr W Robins
Mr M J Phillips





REGISTERED OFFICE: 39 Blenheim Gardens
Grove
Wantage
OX12 0NP





REGISTERED NUMBER: 12301683 (England and Wales)





ACCOUNTANTS: Westell Accountants
3 Bradfield Court
Drayton Mill, Milton Road
Drayton
Abingdon
Oxfordshire
OX14 4EF

Atomic Precision Ltd (Registered number: 12301683)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 273,468 208,741

CURRENT ASSETS
Debtors 5 61,826 74,256
Cash at bank 73,547 30,323
135,373 104,579
CREDITORS
Amounts falling due within one year 6 80,503 91,028
NET CURRENT ASSETS 54,870 13,551
TOTAL ASSETS LESS CURRENT
LIABILITIES

328,338

222,292

CREDITORS
Amounts falling due after more than one
year

7

(103,045

)

(90,823

)

PROVISIONS FOR LIABILITIES - (39,661 )
NET ASSETS 225,293 91,808

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 225,193 91,708
SHAREHOLDERS' FUNDS 225,293 91,808

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

Atomic Precision Ltd (Registered number: 12301683)

Balance Sheet - continued
30 November 2023


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 20 February 2024 and were signed on its behalf by:




Mr W Robins - Director



Mr M J Phillips - Director


Atomic Precision Ltd (Registered number: 12301683)

Notes to the Financial Statements
for the year ended 30 November 2023

1. STATUTORY INFORMATION

Atomic Precision 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.

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% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Atomic Precision Ltd (Registered number: 12301683)

Notes to the Financial Statements - continued
for the year ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 272,579
Additions 111,790
At 30 November 2023 384,369
DEPRECIATION
At 1 December 2022 63,838
Charge for year 47,063
At 30 November 2023 110,901
NET BOOK VALUE
At 30 November 2023 273,468
At 30 November 2022 208,741

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 57,213 64,100
Other debtors 4,613 10,156
61,826 74,256

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 5,000 5,000
Hire purchase contracts 30,375 24,384
Trade creditors 8,158 19,472
Taxation and social security - 1,437
Other creditors 36,970 40,735
80,503 91,028

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 8,334 13,333
Hire purchase contracts 94,711 77,490
103,045 90,823

Atomic Precision Ltd

Report of the Accountants to the Directors of
Atomic Precision Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 November 2023 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Westell Accountants
3 Bradfield Court
Drayton Mill, Milton Road
Drayton
Abingdon
Oxfordshire
OX14 4EF


Date: .............................................