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REGISTERED NUMBER: 04498020 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

ATANAK FORWARDING LIMITED

ATANAK FORWARDING LIMITED (REGISTERED NUMBER: 04498020)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ATANAK FORWARDING LIMITED

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mr Sela Koydengoctu





REGISTERED OFFICE: The Engine House
2 Veridion Way
Erith
DA18 4AL





REGISTERED NUMBER: 04498020 (England and Wales)





ACCOUNTANTS: ADPL LLP
Chartered Certified Accountants
& Business Advisers
Ernest House
293 Green Lanes
Palmers Green
London
N13 4XS

ATANAK FORWARDING LIMITED (REGISTERED NUMBER: 04498020)

Balance Sheet
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 53,519 30,591
Investments 5 452,565 479,034
506,084 509,625

CURRENT ASSETS
Debtors 6 598,040 918,093
Cash at bank and in hand 581,718 1,109,172
1,179,758 2,027,265
CREDITORS
Amounts falling due within one year 7 955,470 1,943,936
NET CURRENT ASSETS 224,288 83,329
TOTAL ASSETS LESS CURRENT
LIABILITIES

730,372

592,954

CREDITORS
Amounts falling due after more than one
year

8

(25,783

)

(35,652

)

PROVISIONS FOR LIABILITIES 9 (5,781 ) (5,996 )
NET ASSETS 698,808 551,306

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 698,708 551,206
SHAREHOLDERS' FUNDS 698,808 551,306

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ATANAK FORWARDING LIMITED (REGISTERED NUMBER: 04498020)

Balance Sheet - continued
31 DECEMBER 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 director and authorised for issue on 16 September 2024 and were signed by:





Mr Sela Koydengoctu - Director


ATANAK FORWARDING LIMITED (REGISTERED NUMBER: 04498020)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Atanak Forwarding Limited is a private company, limited by shares , registered in England and Wales. 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.

In carrying out this assessment, the directors have considered the impact of the Covid-19 pandemic on the trade and finances of the company and wider group and they have taken steps to protect liquidity.
The directors are therefore satisfied that there is no significant risk to the ability of the company to continue as a going concern for at least 12 months from the date of approval of these financial statements.

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.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on reducing balance

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at cost.

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

ATANAK FORWARDING LIMITED (REGISTERED NUMBER: 04498020)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 16,032 16,760 44,161 76,953
Additions 5,704 2,500 28,104 36,308
At 31 December 2023 21,736 19,260 72,265 113,261
DEPRECIATION
At 1 January 2023 8,541 16,760 21,061 46,362
Charge for year 2,639 500 10,241 13,380
At 31 December 2023 11,180 17,260 31,302 59,742
NET BOOK VALUE
At 31 December 2023 10,556 2,000 40,963 53,519
At 31 December 2022 7,491 - 23,100 30,591

5. FIXED ASSET INVESTMENTS

31.12.23 31.12.22
£    £   
Shares in group undertakings 452,565 450,501
Loans to group undertakings - 14,500
Participating interests - 14,033
452,565 479,034

ATANAK FORWARDING LIMITED (REGISTERED NUMBER: 04498020)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. FIXED ASSET INVESTMENTS - continued

Additional information is as follows:
Shares in Interest
group in
undertakings associate Totals
£    £    £   
COST
At 1 January 2023 450,501 14,033 464,534
Additions 2,565 - 2,565
Disposals (501 ) (14,033 ) (14,534 )
At 31 December 2023 452,565 - 452,565
NET BOOK VALUE
At 31 December 2023 452,565 - 452,565
At 31 December 2022 450,501 14,033 464,534

The company's investments at the Balance Sheet date in the share capital of companies include the following:


Action Roadways Ltd
Registered office: The Engine House, 2 Veridion Way, Erith, England DA18 4AL
Nature of business: Freight transport
%
Class of shares: holding
Ordinary shares 100.00
Loans to
group
undertakings
£   
At 1 January 2023 14,500
Repayment in year (14,500 )
At 31 December 2023 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 501,901 304,053
Taxation 3,582 3,582
Amounts owed by group undertakings 34,128 566,048
Other debtors 8,075 12,915
VAT 33,213 14,813
Prepayments 17,141 16,682
598,040 918,093

ATANAK FORWARDING LIMITED (REGISTERED NUMBER: 04498020)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 343,242 210,369
Tax 46,829 34,185
Social security and other taxes 27,442 -
Import VAT 509,216 1,638,120
Pension 6,622 2,868
Other creditors - 48,137
HSBC credit card 715 1,757
Directors' current accounts - 5,000
Accruals and deferred income 21,404 3,500
955,470 1,943,936

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans - 2-5 years 25,783 35,652

9. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 5,781 5,996

Deferred
tax
£   
Balance at 1 January 2023 5,996
Credit to Income Statement during year (215 )
Balance at 31 December 2023 5,781

10. RELATED PARTY DISCLOSURES

Included in debtors falling due within one year represents amounts of NIL. (2022: £540,325) owed by Daily Groupage Services Ltd and £34,128 (2022: £25,722) owed by Action Roadways Ltd.