ATWELL INTERNATIONAL LIMITED

Company Registration Number:
03167927 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2024

Period of accounts

Start date: 1 March 2023

End date: 28 February 2024

ATWELL INTERNATIONAL LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

ATWELL INTERNATIONAL LIMITED

Directors' report period ended 28 February 2024

The directors present their report with the financial statements of the company for the period ended 28 February 2024

Principal activities of the company

The company's principal activity during the year continued to be that of lift component and associated equipment suppliers to local, national and international markets.



Directors

The director shown below has held office during the whole of the period from
1 March 2023 to 28 February 2024

R.Walker


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
27 November 2024

And signed on behalf of the board by:
Name: R.Walker
Status: Director

ATWELL INTERNATIONAL LIMITED

Profit And Loss Account

for the Period Ended 28 February 2024

2024 2023


£

£
Turnover: 2,364,702 2,193,314
Cost of sales: ( 1,650,852 ) ( 1,549,609 )
Gross profit(or loss): 713,850 643,705
Administrative expenses: ( 678,566 ) ( 622,236 )
Other operating income: 11,770
Operating profit(or loss): 35,284 33,239
Interest receivable and similar income: 8,513 3,638
Interest payable and similar charges: ( 694 ) ( 952 )
Profit(or loss) before tax: 43,103 35,925
Tax: ( 47,667 ) 139,579
Profit(or loss) for the financial year: (4,564) 175,504

ATWELL INTERNATIONAL LIMITED

Balance sheet

As at 28 February 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 88,639 87,046
Total fixed assets: 88,639 87,046
Current assets
Stocks: 4 413,609 362,847
Debtors: 5 387,175 415,722
Cash at bank and in hand: 233,680 287,265
Total current assets: 1,034,464 1,065,834
Creditors: amounts falling due within one year: 6 ( 567,934 ) ( 582,747 )
Net current assets (liabilities): 466,530 483,087
Total assets less current liabilities: 555,169 570,133
Creditors: amounts falling due after more than one year: 7 ( 12,500 ) ( 22,500 )
Total net assets (liabilities): 542,669 547,633
Capital and reserves
Called up share capital: 600 1,000
Profit and loss account: 542,069 546,633
Total Shareholders' funds: 542,669 547,633

The notes form part of these financial statements

ATWELL INTERNATIONAL LIMITED

Balance sheet statements

For the year ending 28 February 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 27 November 2024
and signed on behalf of the board by:

Name: R.Walker
Status: Director

The notes form part of these financial statements

ATWELL INTERNATIONAL LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    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 depreciation policy

    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:

ATWELL INTERNATIONAL LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 10 10

ATWELL INTERNATIONAL LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2023 9,553 93,811 103,364
Additions 1,104 16,964 18,068
Disposals ( 574 ) ( 574 )
Revaluations
Transfers
At 28 February 2024 10,657 110,201 120,858
Depreciation
At 1 March 2023 3,008 13,310 16,318
Charge for year 1,024 15,384 16,408
On disposals ( 507 ) ( 507 )
Other adjustments
At 28 February 2024 4,032 28,187 32,219
Net book value
At 28 February 2024 6,625 82,014 88,639
At 28 February 2023 6,545 80,501 87,046

ATWELL INTERNATIONAL LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

4. Stocks

2024 2023
£ £
Stocks 413,609 362,847
Total 413,609 362,847

ATWELL INTERNATIONAL LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

5. Debtors

2024 2023
£ £
Trade debtors 368,872 358,918
Other debtors 18,303 56,804
Total 387,175 415,722

ATWELL INTERNATIONAL LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 187,126 207,169
Trade creditors 242,448 228,121
Taxation and social security 49,464 49,362
Other creditors 88,896 98,095
Total 567,934 582,747

ATWELL INTERNATIONAL LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

7. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 12,500 22,500
Total 12,500 22,500