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REGISTERED NUMBER: 07461966 (England and Wales)



































Unaudited Financial Statements

for the Year Ended 31 December 2023

for

ATC Minerals Limited

ATC Minerals Limited (Registered number: 07461966)






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


ATC Minerals Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: J M Evans





REGISTERED OFFICE: Unit 4 C/O JME Advance Ltd
Hobson Street
Burslem
Stoke on Trent
Staffordshire
ST6 2AW





REGISTERED NUMBER: 07461966 (England and Wales)





ACCOUNTANTS: Paterson Brodie Limited
Chartered Certified Accountants
Cliveden Chambers
Cliveden Place
Longton
Stoke-on-Trent
Staffordshire
ST3 4JB

ATC Minerals Limited (Registered number: 07461966)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 142,654 124,573
Investments 5 4,627 2,874
147,281 127,447

CURRENT ASSETS
Stocks 5,000 4,500
Debtors 6 350,849 358,508
Cash at bank and in hand 287,135 362,188
642,984 725,196
CREDITORS
Amounts falling due within one year 7 230,656 260,824
NET CURRENT ASSETS 412,328 464,372
TOTAL ASSETS LESS CURRENT
LIABILITIES

559,609

591,819

PROVISIONS FOR LIABILITIES 8 33,079 31,143
NET ASSETS 526,530 560,676

CAPITAL AND RESERVES
Called up share capital 185 200
Capital redemption reserve 15 -
Retained earnings 526,330 560,476
SHAREHOLDERS' FUNDS 526,530 560,676

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.

ATC Minerals Limited (Registered number: 07461966)

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 17 September 2024 and were signed by:





J M Evans - Director


ATC Minerals Limited (Registered number: 07461966)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

ATC Minerals 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 as modified by the revaluation of certain assets.

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.
Plant & equipment - 20% on reducing balance
Motor vehicles - 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

ATC Minerals Limited (Registered number: 07461966)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant & and Motor Computer
equipment fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 211,776 5,557 68,313 2,733 288,379
Additions 57,949 - 11,000 583 69,532
Disposals (14,581 ) - - - (14,581 )
At 31 December 2023 255,144 5,557 79,313 3,316 343,330
DEPRECIATION
At 1 January 2023 136,594 930 25,035 1,247 163,806
Charge for year 22,755 556 13,570 462 37,343
Eliminated on disposal (473 ) - - - (473 )
At 31 December 2023 158,876 1,486 38,605 1,709 200,676
NET BOOK VALUE
At 31 December 2023 96,268 4,071 40,708 1,607 142,654
At 31 December 2022 75,182 4,627 43,278 1,486 124,573

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2023 2,874
Revaluations 1,753
At 31 December 2023 4,627
NET BOOK VALUE
At 31 December 2023 4,627
At 31 December 2022 2,874

Cost or valuation at 31 December 2023 is represented by:

Other
investments
£   
Valuation in 2021 (2,585 )
Valuation in 2022 (4,541 )
Valuation in 2023 1,753
Cost 10,000
4,627

ATC Minerals Limited (Registered number: 07461966)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 56,426 49,495
Other debtors 292,091 297,091
VAT - 6,943
Prepayments 2,332 4,979
350,849 358,508

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 74,162 86,072
Tax - 12,480
Social security and other taxes (6,952 ) 3,032
VAT 5,904 -
Other creditors 8,589 8,589
Directors' current accounts 143,653 148,084
Accrued expenses 5,300 2,567
230,656 260,824

8. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 33,079 31,143

Deferred
tax
£   
Balance at 1 January 2023 31,143
Provided during year 1,936
Balance at 31 December 2023 33,079

9. ULTIMATE CONTROLLING PARTY

The company is controlled by one of its directors/shareholders, James Evans, who together with a related party holds 85% of the issued share capital.