Registered number
11938158
ATFIL Ltd
Report and Accounts
30 March 2024
Accountancy 4 Success Limited
Accountants and Business Advisors
33 Wolverhampton Road
Cannock
Staffordshire
WS11 1AP
ATFIL Ltd
Registered number: 11938158
Balance Sheet
as at 30 March 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 301,775 301,775
Current assets
Debtors 4 3,443 -
Cash at bank and in hand 30 6
3,473 6
Creditors: amounts falling due within one year 5 (253,398) (237,240)
Net current liabilities (249,925) (237,234)
Total assets less current liabilities 51,850 64,541
Creditors: amounts falling due after more than one year 6 (38,179) (49,523)
Net assets 13,671 15,018
Capital and reserves
Called up share capital 100 100
Profit and loss account 13,571 14,918
Shareholders' funds 13,671 15,018
The directors are 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 directors acknowledge their 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 Athwal
Director
Approved by the board on 20 August 2024
ATFIL Ltd
Notes to the Accounts
for the year ended 30 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.
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.
Investments
Investments in unquoted equity instruments are measured at fair value. Changes in fair value are recognised in profit or loss. Fair value is estimated by using a valuation technique.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Investments
Other
investments
£
Cost
At 31 March 2023 301,775
At 30 March 2024 301,775
4 Debtors 2024 2023
£ £
Other debtors 3,443 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 6,660 -
Corporation tax - 3,499
Other creditors 246,738 233,741
253,398 237,240
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 38,179 49,523
7 Related party transactions
There are no related party transactions.
8 Controlling party
The company is controlled by its directors who are the shareholders.
ATFIL Ltd 11938158 false 2023-03-31 2024-03-30 2024-03-30 VT Final Accounts April 2024 J Athwal No description of principal activity 11938158 2022-04-01 2023-03-30 11938158 core:WithinOneYear 2023-03-30 11938158 core:AfterOneYear 2023-03-30 11938158 core:ShareCapital 2023-03-30 11938158 core:RetainedEarningsAccumulatedLosses 2023-03-30 11938158 2023-03-31 2024-03-30 11938158 bus:PrivateLimitedCompanyLtd 2023-03-31 2024-03-30 11938158 bus:AuditExemptWithAccountantsReport 2023-03-31 2024-03-30 11938158 bus:Director40 2023-03-31 2024-03-30 11938158 bus:FRS102 2023-03-31 2024-03-30 11938158 bus:FilletedAccounts 2023-03-31 2024-03-30 11938158 2024-03-30 11938158 core:WithinOneYear 2024-03-30 11938158 core:AfterOneYear 2024-03-30 11938158 core:ShareCapital 2024-03-30 11938158 core:RetainedEarningsAccumulatedLosses 2024-03-30 11938158 2023-03-30 iso4217:GBP xbrli:pure