ATLAS VEHICLE SERVICES LIMITED
Registered number: 10552656
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 8,811 9,159
Current assets
Debtors 4 - 12,596
Cash at bank and in hand 9,961 4,737
9,961 17,333
Creditors: amounts falling due within one year 5 (8,100) (14,077)
Net current assets 1,861 3,256
Total assets less current liabilities 10,672 12,415
Creditors: amounts falling due after more than one year 6 (9,075) (12,000)
Net assets 1,597 415
Capital and reserves
Called up share capital 1 1
Profit and loss account 1,596 414
Shareholders' funds 1,597 415
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
0
Director
Approved by the board on 25 October 2024
ATLAS VEHICLE SERVICES LIMITED
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2023 22,804
Additions 1,855
At 31 January 2024 24,659
Depreciation
At 1 February 2023 13,645
Charge for the year 2,203
At 31 January 2024 15,848
Net book value
At 31 January 2024 8,811
At 31 January 2023 9,159
4 Debtors 2024 2023
£ £
Trade debtors - 11,845
Other debtors - 751
- 12,596
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 7,175 12,756
Other creditors 925 1,321
8,100 14,077
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 7,575 10,500
Obligations under finance lease and hire purchase contracts 1,500 1,500
9,075 12,000
7 Other information
ATLAS VEHICLE SERVICES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
36 Langham Gardens
London
W13 8PY
ATLAS VEHICLE SERVICES LIMITED 10552656 false 2023-02-01 2024-01-31 2024-01-31 VT Final Accounts April 2022 0 No description of principal activity 10552656 2022-02-01 2023-01-31 10552656 core:WithinOneYear 2023-01-31 10552656 core:AfterOneYear 2023-01-31 10552656 core:ShareCapital 2023-01-31 10552656 core:RetainedEarningsAccumulatedLosses 2023-01-31 10552656 2023-02-01 2024-01-31 10552656 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 10552656 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 10552656 bus:Director40 2023-02-01 2024-01-31 10552656 core:PlantMachinery 2023-02-01 2024-01-31 10552656 countries:England 2023-02-01 2024-01-31 10552656 bus:FRS102 2023-02-01 2024-01-31 10552656 bus:FullAccounts 2023-02-01 2024-01-31 10552656 2024-01-31 10552656 core:WithinOneYear 2024-01-31 10552656 core:AfterOneYear 2024-01-31 10552656 core:ShareCapital 2024-01-31 10552656 core:RetainedEarningsAccumulatedLosses 2024-01-31 10552656 core:PlantMachinery 2024-01-31 10552656 2023-01-31 10552656 core:PlantMachinery 2023-01-31 iso4217:GBP xbrli:pure