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Company Registration No. 14785188 (England and Wales)
ATLANTIC IT SERVICES LIMITED Unaudited accounts for the period from 6 April 2023 to 30 April 2024
ATLANTIC IT SERVICES LIMITED Unaudited accounts Contents
Page
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ATLANTIC IT SERVICES LIMITED Company Information for the period from 6 April 2023 to 30 April 2024
Directors
Waleed Ahmad Raza Amanullah Khan
Company Number
14785188 (England and Wales)
Registered Office
CENTURION HOUSE LONDON ROAD STAINES-UPON-THAMES TW18 4AX ENGLAND
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ATLANTIC IT SERVICES LIMITED Statement of financial position as at 30 April 2024
2024 
Notes
£ 
Fixed assets
Intangible assets
7,200 
Tangible assets
21,600 
28,800 
Current assets
Debtors
16,105 
Cash at bank and in hand
11,060 
27,165 
Creditors: amounts falling due within one year
(5,410)
Net current assets
21,755 
Net assets
50,555 
Capital and reserves
Called up share capital
99 
Share premium
57,420 
Profit and loss account
(6,964)
Shareholders' funds
50,555 
For the period ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 August 2024 and were signed on its behalf by
Waleed Ahmad Raza Director Company Registration No. 14785188
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ATLANTIC IT SERVICES LIMITED Notes to the Accounts for the period from 6 April 2023 to 30 April 2024
1
Statutory information
ATLANTIC IT SERVICES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 14785188. The registered office is CENTURION HOUSE, LONDON ROAD, STAINES-UPON-THAMES, TW18 4AX, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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ATLANTIC IT SERVICES LIMITED Notes to the Accounts for the period from 6 April 2023 to 30 April 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 6 April 2023
- 
Additions
9,000 
At 30 April 2024
9,000 
Amortisation
At 6 April 2023
- 
Charge for the period
1,800 
At 30 April 2024
1,800 
Net book value
At 30 April 2024
7,200 
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 6 April 2023
- 
Additions
27,000 
At 30 April 2024
27,000 
Depreciation
Charge for the period
5,400 
At 30 April 2024
5,400 
Net book value
At 30 April 2024
21,600 
6
Debtors
2024 
£ 
Amounts falling due within one year
Trade debtors
13,050 
Other debtors
3,055 
16,105 
7
Creditors: amounts falling due within one year
2024 
£ 
VAT
1,810 
Trade creditors
1,380 
Other creditors
325 
Loans from directors
765 
Accruals
1,130 
5,410 
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ATLANTIC IT SERVICES LIMITED Notes to the Accounts for the period from 6 April 2023 to 30 April 2024
8
Share capital
2024 
£ 
Allotted, called up and fully paid:
99 Ordinary shares of £1 each
99 
9
Average number of employees
During the period the average number of employees was 4.
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