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Company Registration No. 04695205 (England and Wales)
Ato Industries Limited Unaudited accounts for the year ended 30 June 2024
Ato Industries Limited Unaudited accounts Contents
Page
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Ato Industries Limited Company Information for the year ended 30 June 2024
Directors
Alan Townson Susan Townson
Company Number
04695205 (England and Wales)
Registered Office
C/O Building Accessories Supplies, Ironworks Road Barrow In Furness LA14 2PG
Accountants
EHA Accountancy Ltd 2 Lower Brook Street Ulverston Cumbria LA12 7EE
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Ato Industries Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,479 
9,818 
Current assets
Inventories
89,534 
88,621 
Debtors
77,207 
40,727 
Cash at bank and in hand
7,500 
35,254 
174,241 
164,602 
Creditors: amounts falling due within one year
(76,692)
(82,294)
Net current assets
97,549 
82,308 
Total assets less current liabilities
106,028 
92,126 
Creditors: amounts falling due after more than one year
(41,298)
(31,296)
Net assets
64,730 
60,830 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
64,630 
60,730 
Shareholders' funds
64,730 
60,830 
For the year ending 30 June 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 14 November 2024 and were signed on its behalf by
Alan Townson Director Company Registration No. 04695205
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Ato Industries Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Ato Industries Limited is a private company, limited by shares, registered in England and Wales, registration number 04695205. The registered office is C/O Building Accessories, Supplies, Ironworks Road , Barrow In Furness, LA14 2PG.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% straight line
Stocks
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Ato Industries Limited Notes to the Accounts for the year ended 30 June 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 July 2023
169,000 
At 30 June 2024
169,000 
Amortisation
At 1 July 2023
169,000 
At 30 June 2024
169,000 
Net book value
At 30 June 2024
- 
5
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2023
17,000 
25,930 
1,879 
44,809 
Additions
- 
1,357 
380 
1,737 
At 30 June 2024
17,000 
27,287 
2,259 
46,546 
Depreciation
At 1 July 2023
9,829 
24,415 
747 
34,991 
Charge for the year
1,793 
718 
565 
3,076 
At 30 June 2024
11,622 
25,133 
1,312 
38,067 
Net book value
At 30 June 2024
5,378 
2,154 
947 
8,479 
At 30 June 2023
7,171 
1,515 
1,132 
9,818 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
76,293 
39,500 
Accrued income and prepayments
914 
1,227 
77,207 
40,727 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
8,780 
13,927 
Trade creditors
30,260 
29,796 
Taxes and social security
4,758 
12,200 
Other creditors
10,433 
4,189 
Loans from directors
21,000 
20,000 
Accruals
1,461 
2,182 
76,692 
82,294 
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Ato Industries Limited Notes to the Accounts for the year ended 30 June 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
41,298 
31,296 
9
Transactions with related parties
At 30 June 2024 Mr & Mrs Townson, directors of the company, have advanced on an unsecured interest free basis the amount of £62,293. (2023: £47,300). During the year the company paid dividends of £10,000 to Mr & Mrs Townson. (2023: £8,800)
10
Average number of employees
During the year the average number of employees was 6 (2023: 7).
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