Acorah Software Products - Accounts Production 16.0.110 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 10722057 Mrs Amanda Burch Mr Marius Hojda Mr Carleton Burch Amanda Burch true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10722057 2023-04-30 10722057 2024-04-30 10722057 2023-05-01 2024-04-30 10722057 frs-core:CurrentFinancialInstruments 2024-04-30 10722057 frs-core:ComputerEquipment 2024-04-30 10722057 frs-core:ComputerEquipment 2023-05-01 2024-04-30 10722057 frs-core:ComputerEquipment 2023-04-30 10722057 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-05-01 2024-04-30 10722057 frs-core:NetGoodwill 2024-04-30 10722057 frs-core:NetGoodwill 2023-05-01 2024-04-30 10722057 frs-core:NetGoodwill 2023-04-30 10722057 frs-core:MotorVehicles 2024-04-30 10722057 frs-core:MotorVehicles 2023-05-01 2024-04-30 10722057 frs-core:MotorVehicles 2023-04-30 10722057 frs-core:OtherResidualIntangibleAssets 2024-04-30 10722057 frs-core:OtherResidualIntangibleAssets 2023-05-01 2024-04-30 10722057 frs-core:OtherResidualIntangibleAssets 2023-04-30 10722057 frs-core:PlantMachinery 2024-04-30 10722057 frs-core:PlantMachinery 2023-05-01 2024-04-30 10722057 frs-core:PlantMachinery 2023-04-30 10722057 frs-core:ShareCapital 2024-04-30 10722057 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 10722057 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10722057 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 10722057 frs-bus:SmallEntities 2023-05-01 2024-04-30 10722057 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10722057 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 10722057 frs-bus:OrdinaryShareClass1 2023-05-01 2024-04-30 10722057 frs-bus:OrdinaryShareClass1 2024-04-30 10722057 1 2023-05-01 2024-04-30 10722057 frs-bus:Director1 2023-05-01 2024-04-30 10722057 frs-bus:Director2 2023-05-01 2024-04-30 10722057 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 10722057 frs-countries:EnglandWales 2023-05-01 2024-04-30 10722057 2022-04-30 10722057 2023-04-30 10722057 2022-05-01 2023-04-30 10722057 frs-core:CurrentFinancialInstruments 2023-04-30 10722057 frs-core:ShareCapital 2023-04-30 10722057 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 10722057 frs-bus:OrdinaryShareClass1 2022-05-01 2023-04-30
Registered number: 10722057
Ata Logistics Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Athena Accountants & Business Advisors Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10722057
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 144,200 164,800
Tangible Assets 5 60,317 123,742
204,517 288,542
CURRENT ASSETS
Debtors 6 2,990,245 2,500,433
Cash at bank and in hand 891,772 1,126,766
3,882,017 3,627,199
Creditors: Amounts Falling Due Within One Year 7 (2,303,412 ) (2,585,269 )
NET CURRENT ASSETS (LIABILITIES) 1,578,605 1,041,930
TOTAL ASSETS LESS CURRENT LIABILITIES 1,783,122 1,330,472
NET ASSETS 1,783,122 1,330,472
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 1,783,022 1,330,372
SHAREHOLDERS' FUNDS 1,783,122 1,330,472
Page 1
Page 2
For the year ending 30 April 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Amanda Burch
Director
26/11/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ata Logistics Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10722057 . The registered office is 5 The Cobden Centre, Didcot, OX11 7HL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue from the rendering of delivery services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of delivery 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 10 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets include Amazon Delivery contracts and Trademarks. They are amortised to profit and loss account over their estimated economic life of 10 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Straight Line
Motor Vehicles 20% Straight Line
Computer Equipment 20% Straight Line
2.6. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. 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.
Current 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
Page 3
Page 4
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 May 2023 98,000 108,000 206,000
As at 30 April 2024 98,000 108,000 206,000
Amortisation
As at 1 May 2023 19,600 21,600 41,200
Provided during the period 9,800 10,800 20,600
As at 30 April 2024 29,400 32,400 61,800
Net Book Value
As at 30 April 2024 68,600 75,600 144,200
As at 1 May 2023 78,400 86,400 164,800
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 May 2023 56,084 102,993 9,575 168,652
Additions 3,232 14,700 34,894 52,826
Disposals - (117,693 ) - (117,693 )
As at 30 April 2024 59,316 - 44,469 103,785
Depreciation
As at 1 May 2023 21,314 22,199 1,397 44,910
Provided during the period 11,863 23,539 8,894 44,296
Disposals - (45,738 ) - (45,738 )
As at 30 April 2024 33,177 - 10,291 43,468
Net Book Value
As at 30 April 2024 26,139 - 34,178 60,317
As at 1 May 2023 34,770 80,794 8,178 123,742
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,161,947 1,739,372
Prepayments and accrued income 705,258 98,319
Other debtors 21,511 6,982
Amounts owed by group undertakings 1,101,529 655,760
2,990,245 2,500,433
The amounts owed by group undertakings are unsecured, interest free and repayable upon demand.
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 604,801 597,604
Bank loans and overdrafts 468,201 908,497
Corporation tax 158,969 256,760
VAT 373,233 228,458
Accruals and deferred income 698,208 593,950
2,303,412 2,585,269
Bank loans and overdrafts relate to short term invoice financing.
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
9. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is ITB Holdings Limited . ITB Holdings Limited was incorporated in England & Wales. The ultimate controlling party is Amanda Burch who controls 90% of the shares of ITB Holdings Limited .
Page 5