Registered number
06078358
ATI-SYSTEMS LIMITED
Filleted Accounts
31 March 2024
ATI-SYSTEMS LIMITED
Registered number: 06078358
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 7,600 827
Current assets
Debtors 4 3,428 5,290
Cash at bank and in hand 5,079 3,920
8,507 9,210
Creditors: amounts falling due within one year 5 (3,391) (4,964)
Net current assets 5,116 4,246
Net assets 12,716 5,073
Capital and reserves
Called up share capital 100 100
Profit and loss account 12,616 4,973
Shareholders' funds 12,716 5,073
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 members have 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.
J Regan
Director
Approved by the board on 18 July 2024
ATI-SYSTEMS LIMITED
Notes to the Accounts
for the year ended 31 March 2024
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:
Motor Vehicle 20% straight line depreciation
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 April 2023 6,200
Additions 9,500
Disposals (6,200)
At 31 March 2024 9,500
Depreciation
At 1 April 2023 5,373
Charge for the year 1,900
On disposals (5,373)
At 31 March 2024 1,900
Net book value
At 31 March 2024 7,600
At 31 March 2023 827
4 Debtors 2024 2023
£ £
Trade debtors - 230
Other debtors 3,428 5,060
3,428 5,290
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 3,151 4,844
Other creditors 240 120
3,391 4,964
6 Other information
ATI-SYSTEMS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Devonshire House
582 Honeypot Lane
Stanmore
Middlesex
HA7 1JS
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