Company Registration No. 12067960 (England and Wales)
Atlas Hospitality Solutions Ltd
Unaudited accounts
for the year ended 31 March 2024
Atlas Hospitality Solutions Ltd
Unaudited accounts
Contents
Atlas Hospitality Solutions Ltd
Company Information
for the year ended 31 March 2024
Directors
Donna Marie Duffy
Graham Mark Rolland
Company Number
12067960 (England and Wales)
Registered Office
120 BIRCHEN GROVE
LUTON
LU2 7TW
ENGLAND
Accountants
DKB Accountancy & Taxation
12 Blackbrook Drive
Lodge Moor
Sheffield
South Yorkshire
S10 4LS
Atlas Hospitality Solutions Ltd
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
892
1,394
Creditors: amounts falling due within one year
(5,796)
(4,988)
Net current assets
6,446
12,274
Total assets less current liabilities
6,975
13,065
Creditors: amounts falling due after more than one year
(6,120)
(11,237)
Provisions for liabilities
Called up share capital
1,000
1,000
Profit and loss account
(145)
678
Shareholders' funds
855
1,678
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. 12067960
Atlas Hospitality Solutions Ltd
Notes to the Accounts
for the year ended 31 March 2024
Atlas Hospitality Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 12067960. The registered office is 120 BIRCHEN GROVE, LUTON, LU2 7TW, ENGLAND.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% - reducing balance
Computer equipment
33% - reducing balance
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 accounts. 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 current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Atlas Hospitality Solutions Ltd
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
1,383
1,299
2,682
At 31 March 2024
1,383
1,299
2,682
At 1 April 2023
956
935
1,891
Charge for the year
141
121
262
At 31 March 2024
1,097
1,056
2,153
At 31 March 2024
286
243
529
At 31 March 2023
427
364
791
Amounts falling due within one year
Amounts due from group undertakings etc.
11,350
15,868
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,543
4,971
7
Creditors: amounts falling due after more than one year
2024
2023
8
Deferred taxation
2024
2023
Accelerated capital allowances
(150)
150
Tax losses carried forward
150
-
Provision at start of year
150
225
Credited to the profit and loss account
(150)
(75)
Provision at end of year
-
150
Atlas Hospitality Solutions Ltd
Notes to the Accounts
for the year ended 31 March 2024
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
10
Transactions with related parties
At the year-end, a balance of £11,350 (2023: £15,868) in "Amounts Due from Group Undertakings" was due from the parent company. This balance was the result of financing provided between the two parties in prior periods.
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).