Registered number
07866573
ATL Enterprise Ltd
Filleted Accounts
30 November 2023
ATL Enterprise Ltd
Registered number: 07866573
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 13,473 13,821
Current assets
Debtors 4 23,764 12,954
Cash at bank and in hand 5,252 10,487
29,016 23,441
Creditors: amounts falling due within one year 5 (23,611) (20,599)
Net current assets 5,405 2,842
Total assets less current liabilities 18,878 16,663
Creditors: amounts falling due after more than one year 6 (11,839) (11,617)
Net assets 7,039 5,046
Capital and reserves
Called up share capital 1 1
Profit and loss account 7,038 5,045
Shareholder's funds 7,039 5,046
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 member has 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.
Andrzej Lewandowski
Director
Approved by the board on 13 August 2024
ATL Enterprise Ltd
Notes to the Accounts
for the year ended 30 November 2023
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:
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2022 4,051 39,617 43,668
Additions 469 5,416 5,885
Disposals - (22,064) (22,064)
At 30 November 2023 4,520 22,969 27,489
Depreciation
At 1 December 2022 3,395 26,452 29,847
Charge for the year 491 5,742 6,233
On disposals - (22,064) (22,064)
At 30 November 2023 3,886 10,130 14,016
Net book value
At 30 November 2023 634 12,839 13,473
At 30 November 2022 656 13,165 13,821
4 Debtors 2023 2022
£ £
Trade debtors 23,764 12,958
Other debtors - (4)
23,764 12,954
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - 4,792
Trade creditors 14,854 (481)
Taxation and social security costs 7,730 11,889
Other creditors 1,027 4,399
23,611 20,599
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 11,839 11,617
7 Other information
ATL Enterprise Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 112 Cherwell Business Village
Southam Rd
OX16 2SP
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