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REGISTERED NUMBER: 03204893 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Atlas Business Group Of Companies
Limited

Atlas Business Group Of Companies
Limited (Registered number: 03204893)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Atlas Business Group Of Companies
Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: J A S Butler
Mrs D Butler
G Manktelow
D E P Gibbs-Steel





SECRETARY: Mrs D Butler





REGISTERED OFFICE: Datum House
Electra Way
Crewe
Cheshire
CW1 6ZF





REGISTERED NUMBER: 03204893 (England and Wales)





ACCOUNTANTS: Banks Sheridan
Datum House
Electra Way
Crewe
Cheshire
CW1 6ZF

Atlas Business Group Of Companies
Limited (Registered number: 03204893)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 5 162,427 188,650
Tangible assets 6 2,387 3,854
Investments 7 - -
164,814 192,504

CURRENT ASSETS
Stocks 8 6,307 6,307
Debtors: amounts falling due within one year 9 45,024 33,635
Cash at bank 652,611 602,236
703,942 642,178
CREDITORS
Amounts falling due within one year 10 (182,266 ) (250,129 )
NET CURRENT ASSETS 521,676 392,049
TOTAL ASSETS LESS CURRENT
LIABILITIES

686,490

584,553

PROVISIONS FOR LIABILITIES 12 (46,665 ) (32,911 )
NET ASSETS 639,825 551,642

CAPITAL AND RESERVES
Called up share capital 118,418 118,418
Capital redemption reserve 81,332 81,332
Retained earnings 440,075 351,892
SHAREHOLDERS' FUNDS 639,825 551,642

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 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 Business Group Of Companies
Limited (Registered number: 03204893)

Statement of Financial Position - 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by:





J A S Butler - Director


Atlas Business Group Of Companies
Limited (Registered number: 03204893)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Atlas Business Group of Companies Ltd ('The Company') is primarily engaged in information technology services.

The company is a private company limited by shares and is incorporated in England and Wales. The address of the principal place of business is Weston Centre Business Hub, Weston Road, Crewe, CW1 6FL and the address of the registered office is Datum House, Electra Way, Crewe, Cheshire, CW1 6ZF. The registered number can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Summary of significant accounting policies
The principle accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation
The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern
The directors have reviewed the company's financial requirements for the period covering the twelve months from the date of these financial statements were signed.

No uncertainties that could significant doubt about the ability of the company to continue as a going concern have been identified by the directors. On this basis the directors consider it appropriate to prepare the financial statements on the going concern basis.

Revenue
Revenue (described as turnover) is the value of goods and services (net of VAT) provided to customers during the period, plus the amount received from the sales of surplus IT addresses.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of businesses are being amortised over their useful life of five years.

Research and development
Expenditure on research and development is written off in the period it is incurred, except that development expenditure incurred on an individual project is carried forward when its future recoverability can reasonably be regarded as assured. The expenditure carried forward is treated as an intangible fixed asset and amortised over its estimated economic life of five years so as to match the expenditure with the anticipated sales from the related income. The carrying value of each project is reviewed annually for impairment.

Computer software
Computer software, including internal costs that will have a continuing use in the company, is initially measured at cost. After initial recognition it is measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Atlas Business Group Of Companies
Limited (Registered number: 03204893)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

3. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates so as to write off their cost less residual amounts over their estimated useful economic lives or, if held under a finance lease, over the lease term, whichever is the shorter. Assets are also reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the assets carrying amount exceeds its recoverable amount.

Office machinery- 20% on reducing balance
Fixtures and fittings- 20% on reducing balance and 33.33% on cost
Computer equipment- 20% on reducing balance, 20% on cost, 33.33% on cost and straight
line over remainder of lease

The residual values and useful lives of assets are reviewed and adjusted if appropriate at each statement of financial position date.

Stocks
Stocks are stated at the lower of cost and selling price less costs to complete and sell. Cost includes all costs of purchase and also other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out basis. An impairment loss is recognised for damaged, returned and slow-moving stock where appropriate.

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 end of the financial year.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the end of the financial year.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Atlas Business Group Of Companies
Limited (Registered number: 03204893)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

3. ACCOUNTING POLICIES - continued

Provisions for liabilities
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the statement of financial position date, taking into account the risks and uncertainties surrounding the obligation.

Impairment of assets
Assets not measured at fair value are reviewed for any indications that the asset may be impaired at each statement of financial position date. If such indications exists the recoverable amount of the asset or the assets cash generating unit is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Any losses arising from impairment are recognised in the Statement of Comprehensive Income under the appropriate heading.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

5. INTANGIBLE FIXED ASSETS
Research
and Computer
Goodwill development software Totals
£    £    £    £   
COST
At 1 January 2023 243,939 910,256 89,619 1,243,814
Additions - 57,500 - 57,500
At 31 December 2023 243,939 967,756 89,619 1,301,314
AMORTISATION
At 1 January 2023 243,939 721,606 89,619 1,055,164
Amortisation for year - 83,723 - 83,723
At 31 December 2023 243,939 805,329 89,619 1,138,887
NET BOOK VALUE
At 31 December 2023 - 162,427 - 162,427
At 31 December 2022 - 188,650 - 188,650

Atlas Business Group Of Companies
Limited (Registered number: 03204893)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

6. TANGIBLE FIXED ASSETS
Fixtures
Office and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 1,395 32,093 46,540 80,028
DEPRECIATION
At 1 January 2023 465 32,093 43,616 76,174
Charge for year 465 - 1,002 1,467
At 31 December 2023 930 32,093 44,618 77,641
NET BOOK VALUE
At 31 December 2023 465 - 1,922 2,387
At 31 December 2022 930 - 2,924 3,854

7. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 100
PROVISIONS
At 1 January 2023
and 31 December 2023 100
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:


Atlas Business Software & Technologies Ltd
Registered office: Datum House, Electra Way, Crewe, Cheshire, CW1 6ZF
Nature of business: Dormant company
%
Class of shares: holding
Ordinary 100.00

8. STOCKS
2023 2022
£    £   
Stocks and work-in-progress 6,307 6,307

Atlas Business Group Of Companies
Limited (Registered number: 03204893)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 38,170 25,076
Other debtors 1,225 1,000
Prepayments and accrued income 5,629 7,559
45,024 33,635

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 30,269 42,351
Tax 13,045 73
Social security and other taxes 5,713 5,945
VAT 28,393 27,359
Other creditors 1,246 1,338
Deferred income 97,500 110,000
Accrued expenses 6,100 63,063
182,266 250,129

11. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 2,075 761

12. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 39,265 10,569

Other provisions
Leave pay provision 7,400 4,800
Provision to cover
foreseeable future losses - 17,542
7,400 22,342

Aggregate amounts 46,665 32,911

Deferred Other
tax provisions
£    £   
Balance at 1 January 2023 10,569 22,342
Charge to Income Statement during year 28,696 7,400
Utilised during year - (22,342 )
Balance at 31 December 2023 39,265 7,400

Atlas Business Group Of Companies
Limited (Registered number: 03204893)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

12. PROVISIONS FOR LIABILITIES - continued

The above other provision at 31 December 2023 consists of a leave pay provision of £7,400 (2022: £4,800) and an exceptional provision to cover foreseeable future losses of £nil (2022: £17,542). Under FRS 102 (Section 1A) there is a requirement to recognise a leave pay provision which represents holiday balances accrued as a result of services rendered in the current period which employees are entitled to carry forward. The provision is measured as the salary cost payable for the period of absence.

13. DIRECTORS' ADVANCES AND INTEREST IN CONTRACTS

During the year rent paid to the directors by the company amounted to £nil(2022: £3,500).