Silverfin false false 31/12/2023 01/01/2023 31/12/2023 A Barnett 21/03/2019 P Burden 18/03/2019 R Parker 21/03/2019 C Stewart 21/03/2019 24 September 2024 The principle activity of the Company during the financial year was the provision of outsource engineering services in the regulated sector of aircraft modification to deliver complete and certified modification packages. 11888254 2023-12-31 11888254 bus:Director1 2023-12-31 11888254 bus:Director2 2023-12-31 11888254 bus:Director3 2023-12-31 11888254 bus:Director4 2023-12-31 11888254 2022-12-31 11888254 core:CurrentFinancialInstruments 2023-12-31 11888254 core:CurrentFinancialInstruments 2022-12-31 11888254 core:ShareCapital 2023-12-31 11888254 core:ShareCapital 2022-12-31 11888254 core:RetainedEarningsAccumulatedLosses 2023-12-31 11888254 core:RetainedEarningsAccumulatedLosses 2022-12-31 11888254 core:CostValuation 2022-12-31 11888254 core:AdditionsToInvestments 2023-12-31 11888254 core:CostValuation 2023-12-31 11888254 2023-01-01 2023-12-31 11888254 bus:FilletedAccounts 2023-01-01 2023-12-31 11888254 bus:SmallEntities 2023-01-01 2023-12-31 11888254 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 11888254 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11888254 bus:Director1 2023-01-01 2023-12-31 11888254 bus:Director2 2023-01-01 2023-12-31 11888254 bus:Director3 2023-01-01 2023-12-31 11888254 bus:Director4 2023-01-01 2023-12-31 11888254 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Company No: 11888254 (England and Wales)

ATL EUROPE (UK) LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

ATL EUROPE (UK) LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

ATL EUROPE (UK) LIMITED

BALANCE SHEET

As at 31 December 2023
ATL EUROPE (UK) LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Investments 3 101 0
101 0
Current assets
Stocks 4 4,643 0
Debtors 5 108,423 1
Cash at bank and in hand 17,079 0
130,145 1
Creditors: amounts falling due within one year 6 ( 121,448) 0
Net current assets 8,697 1
Total assets less current liabilities 8,798 1
Net assets 8,798 1
Capital and reserves
Called-up share capital 1 1
Profit and loss account 8,797 0
Total shareholder's funds 8,798 1

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of ATL Europe (UK) Limited (registered number: 11888254) were approved and authorised for issue by the Board of Directors on 24 September 2024. They were signed on its behalf by:

P Burden
Director
ATL EUROPE (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
ATL EUROPE (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

ATL Europe (UK) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Building 307 Aviation Park West, Bournemouth Airport, Christchurch, BH23 6NW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts. Income is recognised on a percentage of completion basis.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Work in progress

Work in progress is measured at sales value based on the percentage of completion.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 7 4

3. Fixed asset investments

Investments in subsidiaries

2023
£
Cost
At 01 January 2023 0
Additions 101
At 31 December 2023 101
Carrying value at 31 December 2023 101
Carrying value at 31 December 2022 0

4. Stocks

2023 2022
£ £
Work in progress 4,643 0

5. Debtors

2023 2022
£ £
Trade debtors 20,680 0
Amounts owed by Group undertakings 66,282 0
Other debtors 21,461 1
108,423 1

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 20,198 0
Amounts owed to Group undertakings 84,371 0
Other taxation and social security 10,061 0
Other creditors 6,818 0
121,448 0

7. Ultimate controlling party

Parent Company:

Kiwi Holdings Ltd