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REGISTERED NUMBER: 04319586 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Atlas Handling (UK) Limited

Atlas Handling (UK) Limited (Registered number: 04319586)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Atlas Handling (UK) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: P A Bonas





REGISTERED OFFICE: 14, The Oaks
Clews Road
Oakenshaw
Redditch
Worcestershire
B98 7ST





REGISTERED NUMBER: 04319586 (England and Wales)





ACCOUNTANTS: Davies Archytas Accountants Ltd
14, The Oaks
Clews Road
Redditch
Worcestershire
B98 7ST

Atlas Handling (UK) Limited (Registered number: 04319586)

Abridged Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 6,247 8,238
Investments 6 23,138 23,138
29,385 31,376

CURRENT ASSETS
Stocks 59,903 59,276
Debtors 311,723 336,338
Cash at bank 43,244 25,140
414,870 420,754
CREDITORS
Amounts falling due within one year 64,765 61,611
NET CURRENT ASSETS 350,105 359,143
TOTAL ASSETS LESS CURRENT
LIABILITIES

379,490

390,519

CREDITORS
Amounts falling due after more than one year (14,167 ) (24,099 )

PROVISIONS FOR LIABILITIES (1,187 ) (1,565 )
NET ASSETS 364,136 364,855

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 364,036 364,755
SHAREHOLDERS' FUNDS 364,136 364,855

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.

Atlas Handling (UK) Limited (Registered number: 04319586)

Abridged 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 18 March 2024 and were signed by:





P A Bonas - Director


Atlas Handling (UK) Limited (Registered number: 04319586)

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

1. STATUTORY INFORMATION

Atlas Handling (UK) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on reducing balance
Equipment - 15% 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 statement of financial position date.

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

Atlas Handling (UK) Limited (Registered number: 04319586)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 24,000
AMORTISATION
At 1 January 2023
and 31 December 2023 24,000
NET BOOK VALUE

At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 49,093
DEPRECIATION
At 1 January 2023 40,855
Charge for year 1,991
At 31 December 2023 42,846
NET BOOK VALUE
At 31 December 2023 6,247
At 31 December 2022 8,238

Atlas Handling (UK) Limited (Registered number: 04319586)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 January 2023 42,434
Transfer to ownership (42,434 )
At 31 December 2023 -
DEPRECIATION
At 1 January 2023 34,882
Charge for year 1,888
Transfer to ownership (36,770 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 7,552

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 January 2023
and 31 December 2023 23,138
NET BOOK VALUE
At 31 December 2023 23,138
At 31 December 2022 23,138

7. LOANS

An analysis of the maturity of loans is given below:

31.12.23 31.12.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,068

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 9,950

Atlas Handling (UK) Limited (Registered number: 04319586)

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

7. LOANS - continued
31.12.23 31.12.22
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 4,167 14,149

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

Altas Handling (UK) Limited is a subsidiary of International Castor Company Limited, a company also controlled by the director, P Bonas.

During the year Atlas Handling (UK) Limited made sales totalling £4,480 (2022 - £4,086) to International Castor Company Limited. Atlas Handling (UK) Limited also incurred purchases and management charges totalling £157,566 (2022 - £179,878) from International Castor Company Limited.

Amount due from related party at the balance sheet date - £130,336 (2022 - £147,544).

Rallynuts Motorsport Limited is a company also controlled by the director, P Bonas.

During the year Atlas Handling (UK) Limited made management charges totalling £6,167 (2022 - £8,000) to Rallynuts Motorsport Limited. Atlas Handling (UK) Limited also made purchases totalling £759 (2022 - £2,613) from Rallynuts Motorsport Limited.

Amount due from related party at the balance sheet date - £170,000 (2022 - £170,000).

Reids of Nottingham Limited a company also controlled by the director, P Bonas.

During the year Atlas Handling (UK) Limited made sales totalling £7 (2022 - £885) to Reids of Nottingham Limited. Atlas Handling (UK) Limited also made purchases totalling £5,669 (2022 - £14) from Reids of Nottingham Limited.

Amount due to related party at the balance sheet date £2,586 - (2022 - £2,883).

10. ULTIMATE CONTROLLING PARTY

The controlling party throughout the year was International Castor Company Limited by virtue of their 100% holding of the issued share capital in the company.