Silverfin false false 30/11/2023 01/12/2022 30/11/2023 P A Bradley 09/11/2020 A M Doe 09/11/2020 09 August 2024 no description of principal activity 13004029 2023-11-30 13004029 bus:Director1 2023-11-30 13004029 bus:Director2 2023-11-30 13004029 2022-11-30 13004029 core:CurrentFinancialInstruments 2023-11-30 13004029 core:CurrentFinancialInstruments 2022-11-30 13004029 core:Non-currentFinancialInstruments 2023-11-30 13004029 core:Non-currentFinancialInstruments 2022-11-30 13004029 core:ShareCapital 2023-11-30 13004029 core:ShareCapital 2022-11-30 13004029 core:RetainedEarningsAccumulatedLosses 2023-11-30 13004029 core:RetainedEarningsAccumulatedLosses 2022-11-30 13004029 core:PatentsTrademarksLicencesConcessionsSimilar 2022-11-30 13004029 core:PatentsTrademarksLicencesConcessionsSimilar 2023-11-30 13004029 core:OtherPropertyPlantEquipment 2022-11-30 13004029 core:OtherPropertyPlantEquipment 2023-11-30 13004029 2022-12-01 2023-11-30 13004029 bus:FilletedAccounts 2022-12-01 2023-11-30 13004029 bus:SmallEntities 2022-12-01 2023-11-30 13004029 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 13004029 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 13004029 bus:Director1 2022-12-01 2023-11-30 13004029 bus:Director2 2022-12-01 2023-11-30 13004029 core:PatentsTrademarksLicencesConcessionsSimilar core:TopRangeValue 2022-12-01 2023-11-30 13004029 core:OtherPropertyPlantEquipment core:TopRangeValue 2022-12-01 2023-11-30 13004029 2021-12-01 2022-11-30 13004029 core:PatentsTrademarksLicencesConcessionsSimilar 2022-12-01 2023-11-30 13004029 core:OtherPropertyPlantEquipment 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Company No: 13004029 (England and Wales)

ATÛM MODULAR LIMITED

Unaudited Financial Statements
For the financial year ended 30 November 2023
Pages for filing with the registrar

ATÛM MODULAR LIMITED

Unaudited Financial Statements

For the financial year ended 30 November 2023

Contents

ATÛM MODULAR LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 November 2023
ATÛM MODULAR LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 November 2023
Note 2023 2022
£ £
Fixed assets
Intangible assets 3 1,267 1,448
Tangible assets 4 5,820 8,420
7,087 9,868
Current assets
Debtors 5 118 491
Cash at bank and in hand 7,255 9,542
7,373 10,033
Creditors: amounts falling due within one year 6 ( 3,813) ( 3,357)
Net current assets 3,560 6,676
Total assets less current liabilities 10,647 16,544
Creditors: amounts falling due after more than one year 7 ( 60,000) ( 50,000)
Net liabilities ( 49,353) ( 33,456)
Capital and reserves
Called-up share capital 100 100
Profit and loss account ( 49,453 ) ( 33,556 )
Total shareholders' deficit ( 49,353) ( 33,456)

For the financial year ending 30 November 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of ATÛM MODULAR LIMITED (registered number: 13004029) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

A M Doe
Director

09 August 2024

ATÛM MODULAR LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
ATÛM MODULAR LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

ATÛM MODULAR LIMITED (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Larking Gowen 1st Floor Prospect House, Rouen Road, Norwich, NR1 1RE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Trademarks, patents and licences 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of
each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Other property, plant and equipment 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Intangible assets

Trademarks, patents
and licences
Total
£ £
Cost
At 01 December 2022 1,810 1,810
At 30 November 2023 1,810 1,810
Accumulated amortisation
At 01 December 2022 362 362
Charge for the financial year 181 181
At 30 November 2023 543 543
Net book value
At 30 November 2023 1,267 1,267
At 30 November 2022 1,448 1,448

4. Tangible assets

Other property, plant
and equipment
Total
£ £
Cost
At 01 December 2022 13,000 13,000
At 30 November 2023 13,000 13,000
Accumulated depreciation
At 01 December 2022 4,580 4,580
Charge for the financial year 2,600 2,600
At 30 November 2023 7,180 7,180
Net book value
At 30 November 2023 5,820 5,820
At 30 November 2022 8,420 8,420

5. Debtors

2023 2022
£ £
Other debtors 118 491

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 106 354
Amounts owed to directors 1,772 1,148
Accruals 1,935 1,855
3,813 3,357

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Other loans 60,000 50,000

8. Related party transactions

The company is currently receiving services from Paul Bradley Limited, an architect firm which is under the control of one of the directors. Currently, there are no fees being charged for services provided. This is as per the shareholders agreement of Atum Modular Limited.