Company Registration No. 09051696 (England and Wales)
Atlas NGO Solutions Ltd
Unaudited accounts
for the year ended 31 March 2024
Atlas NGO Solutions Ltd
Unaudited accounts
Contents
Atlas NGO Solutions Ltd
Company Information
for the year ended 31 March 2024
Directors
Donna Marie Duffy
Graham Mark Rolland
Company Number
09051696 (England and Wales)
Registered Office
120 Birchen Grove
Luton
Bedfordshire
LU2 7TW
United Kingdom
Accountants
DKB Accountancy & Taxation
12 Blackbrook Drive
Lodge Moor
Sheffield
South Yorkshire
S10 4LS
Atlas NGO Solutions Ltd
Statement of financial position
as at 31 March 2024
Creditors: amounts falling due within one year
(402)
(389)
Net current liabilities
(402)
(389)
Net liabilities
(402)
(389)
Called up share capital
1
1
Profit and loss account
(403)
(390)
Shareholders' funds
(402)
(389)
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 October 2024 and were signed on its behalf by
Graham Mark Rolland
Director
Company Registration No. 09051696
Atlas NGO Solutions Ltd
Notes to the Accounts
for the year ended 31 March 2024
Atlas NGO Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 09051696. The registered office is 120 Birchen Grove, Luton, Bedfordshire, LU2 7TW, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and
reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of
the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Atlas NGO Solutions Ltd
Notes to the Accounts
for the year ended 31 March 2024
At the balance sheet date, the company had negative reserves. However, the principal creditor is the holding company (Atlas Groups Solutions Ltd), who will not seek to enforce payment of the debt, unless the company can make repayment from future profits and reserves.
The directors, and the holding company, will continue to support Atlas NGO Solutions, financially and otherwise, for the foreseeable future - a period not less than 24 months from the balance sheet date.
The accounts are, therefore, prepared under the Going Concern Basis.
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Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
389
287
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
6
Transactions with related parties
At the year-end, a balance of £389 (2023: £287) in "Amounts Owed to Group Undertakings" was owed to the parent company. This balance was the result of financing between the companies.
The company is a 100% subsidiary of Atlas Group Solutions Ltd, a company registered in England and Wales. It's Registered Address is at 120 Birchen Grove, Luton, LU2 7TW.
The direct, and ultimate parent company is Atlas Group Solutions Ltd.
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Average number of employees
During the year the average number of employees was 0 (2023: 0).