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REGISTERED NUMBER: 11098693 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Atom Displays Limited

Atom Displays Limited (Registered number: 11098693)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Atom Displays Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: O D McHugh





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





REGISTERED NUMBER: 11098693 (England and Wales)





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

Atom Displays Limited (Registered number: 11098693)

Abridged Statement of Financial Position
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,814 31,737

CURRENT ASSETS
Cash at bank 39,549 30,320

CREDITORS
Amounts falling due within one year 25,650 17,784
NET CURRENT ASSETS 13,899 12,536
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,713

44,273

CREDITORS
Amounts falling due after more than one year (7,115 ) (12,451 )

PROVISIONS FOR LIABILITIES (4,893 ) (4,998 )
NET ASSETS 28,705 26,824

CAPITAL AND RESERVES
Called up share capital 6 1 1
Retained earnings 28,704 26,823
SHAREHOLDERS' FUNDS 28,705 26,824

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

Atom Displays Limited (Registered number: 11098693)

Abridged Statement of Financial Position - continued
31 January 2024


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 January 2024 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 October 2024 and were signed by:





O D McHugh - Director


Atom Displays Limited (Registered number: 11098693)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Atom Displays 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Equipment - 15% on reducing balance

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.

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.

Atom Displays Limited (Registered number: 11098693)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023 55,269
Additions 2,971
At 31 January 2024 58,240
DEPRECIATION
At 1 February 2023 23,532
Charge for year 7,894
At 31 January 2024 31,426
NET BOOK VALUE
At 31 January 2024 26,814
At 31 January 2023 31,737

5. LOANS

An analysis of the maturity of loans is given below:

31.1.24 31.1.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 5,336 5,336

Amounts falling due between one and two years:
Bank loans - 1-2 years 5,336 5,336

Amounts falling due between two and five years:
Bank loans - 2-5 years 1,779 7,115

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
1 Ordinary £1 1 1

Atom Displays Limited (Registered number: 11098693)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. ULTIMATE CONTROLLING PARTY

Throughout the financial year the controlling party was the director by virtue of his 100% ownership of the issued share capital of the company.