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REGISTERED NUMBER: 12436352 (England and Wales)












Atlantic Road Trading Limited

Unaudited Financial Statements

for the Year Ended 31st January 2024






Atlantic Road Trading Limited (Registered number: 12436352)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Atlantic Road Trading Limited

Company Information
for the Year Ended 31st January 2024







DIRECTORS: J Sandercock
H Sandercock





REGISTERED OFFICE: Stable Meadow House
Tintagel
Cornwall
PL34 0HR





REGISTERED NUMBER: 12436352 (England and Wales)





ACCOUNTANTS: ATC Advisors
Chartered Accountants
Unit 2 Dunheved Court
Pennygillam Way
LAUNCESTON
Cornwall
PL15 7ED

Atlantic Road Trading Limited (Registered number: 12436352)

Statement of Financial Position
31st January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 82,466 78,322

CURRENT ASSETS
Stocks 4,000 4,000
Debtors 5 47,039 18,951
Cash at bank and in hand 11,304 4,635
62,343 27,586
CREDITORS
Amounts falling due within one year 6 137,466 55,108
NET CURRENT LIABILITIES (75,123 ) (27,522 )
TOTAL ASSETS LESS CURRENT LIABILITIES 7,343 50,800

CREDITORS
Amounts falling due after more than one year 7 (14,996 ) (25,104 )

PROVISIONS FOR LIABILITIES - (12,447 )
NET (LIABILITIES)/ASSETS (7,653 ) 13,249

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (7,753 ) 13,149
(7,653 ) 13,249

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th October 2024 and were signed on its behalf by:





J Sandercock - Director


Atlantic Road Trading Limited (Registered number: 12436352)

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

1. STATUTORY INFORMATION

Atlantic Road Trading 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.

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.
Land and buildings - 4% on cost
Plant and machinery etc - 25% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 20 (2023 - 22 ) .

Atlantic Road Trading Limited (Registered number: 12436352)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st February 2023 6,774 112,187 118,961
Additions - 26,899 26,899
At 31st January 2024 6,774 139,086 145,860
DEPRECIATION
At 1st February 2023 408 40,231 40,639
Charge for year 271 22,484 22,755
At 31st January 2024 679 62,715 63,394
NET BOOK VALUE
At 31st January 2024 6,095 76,371 82,466
At 31st January 2023 6,366 71,956 78,322

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 2,290
Other debtors 47,039 16,661
47,039 18,951

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,867 9,625
Trade creditors 66,455 25,248
Taxation and social security 29,364 16,704
Other creditors 31,780 3,531
137,466 55,108

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 14,996 25,104

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st January 2024 and 31st January 2023:

2024 2023
£    £   
J Sandercock
Balance outstanding at start of year 7,605 41,950
Amounts advanced 91,592 17,734
Amounts repaid (61,537 ) (52,079 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 37,660 7,605

Atlantic Road Trading Limited (Registered number: 12436352)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Interest has been charged on the overdrawn directors current account at the HM Revenue & Customs approved rates.
The overdrawn directors current account has been repaid within nine months of the year end.

9. RELATED PARTY DISCLOSURES

The Director of the company Mr J Sandercock is also a Director of Atlantic Road Estates Limited. The company paid rent of £24,000 to Atlantic Road Estates Limited on normal commercial terms.