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REGISTERED NUMBER: SC225066 (Scotland)














Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Atlas Winch & Hoist Services (Southern)
Ltd.

Atlas Winch & Hoist Services (Southern)
Ltd. (Registered number: SC225066)






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


Atlas Winch & Hoist Services (Southern)
Ltd.

Company Information
for the Year Ended 30 November 2023







DIRECTORS: A Lavery
Mrs L Lavery





SECRETARY: D G Lavery





REGISTERED OFFICE: Old Station Yard
Station Road
Biggar
Lanarkshire
ML12 6DQ





REGISTERED NUMBER: SC225066 (Scotland)





ACCOUNTANTS: Henderson & Company
73 Union Street
Greenock
Renfrewshire
PA16 8BG

Atlas Winch & Hoist Services (Southern)
Ltd. (Registered number: SC225066)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,760,591 1,428,832

CURRENT ASSETS
Stocks 126,174 111,736
Debtors 5 807,093 800,608
Cash at bank 250,728 276,100
1,183,995 1,188,444
CREDITORS
Amounts falling due within one year 6 669,310 745,309
NET CURRENT ASSETS 514,685 443,135
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,275,276

1,871,967

CREDITORS
Amounts falling due after more than one
year

7

(545,861

)

(497,236

)

PROVISIONS FOR LIABILITIES (200,987 ) (158,860 )
NET ASSETS 1,528,428 1,215,871

CAPITAL AND RESERVES
Called up share capital 58 58
Capital redemption reserve 8 42 42
Retained earnings 8 1,528,328 1,215,771
SHAREHOLDERS' FUNDS 1,528,428 1,215,871

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.

Atlas Winch & Hoist Services (Southern)
Ltd. (Registered number: SC225066)

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 9 August 2024 and were signed on its behalf by:





A Lavery - Director


Atlas Winch & Hoist Services (Southern)
Ltd. (Registered number: SC225066)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Atlas Winch & Hoist Services (Southern) Ltd. is a private company, limited by shares , registered in Scotland. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Atlas Winch & Hoist Services (Southern)
Ltd. (Registered number: SC225066)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand.

Debtors and Creditors
Basic financial instruments are measured at transaction price, less any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 14 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2022 619,027 3,758,571 4,377,598
Additions 251,598 380,956 632,554
Disposals - (35,860 ) (35,860 )
At 30 November 2023 870,625 4,103,667 4,974,292
DEPRECIATION
At 1 December 2022 - 2,948,766 2,948,766
Charge for year - 296,905 296,905
Eliminated on disposal - (31,970 ) (31,970 )
At 30 November 2023 - 3,213,701 3,213,701
NET BOOK VALUE
At 30 November 2023 870,625 889,966 1,760,591
At 30 November 2022 619,027 809,805 1,428,832


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 683,191 667,327
Other debtors 123,902 133,281
807,093 800,608

Atlas Winch & Hoist Services (Southern)
Ltd. (Registered number: SC225066)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 26,943 26,949
Hire purchase contracts 133,980 103,770
Trade creditors 323,786 400,134
Taxation and social security 153,550 170,992
Other creditors 31,051 43,464
669,310 745,309

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 224,277 249,570
Hire purchase contracts 321,584 247,666
545,861 497,236

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 yr 135,554 151,220

8. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 December 2022 1,215,771 42 1,215,813
Profit for the year 531,200 - 531,200
Dividends (218,643 ) - (218,643 )
At 30 November 2023 1,528,328 42 1,528,370

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
A Lavery and Mrs L Lavery
Balance outstanding at start of year 129,673 89,233
Amounts advanced 118,733 154,714
Amounts repaid (129,673 ) (114,274 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 118,733 129,673

Atlas Winch & Hoist Services (Southern)
Ltd. (Registered number: SC225066)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

10. ULTIMATE CONTROLLING PARTY

The company is under the control of the directors.