Registered number
04199631
Atlanta Blue Limited
Filleted Accounts
31 March 2024
Atlanta Blue Limited
Registered number: 04199631
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1 1
Current assets
Stocks 1,475 1,250
Debtors 4 42,270 44,651
43,745 45,901
Creditors: amounts falling due within one year 5 (27,653) (25,535)
Net current assets 16,092 20,366
Total assets less current liabilities 16,093 20,367
Creditors: amounts falling due after more than one year 6 (11,276) (13,633)
Net assets 4,817 6,734
Capital and reserves
Called up share capital 2 2
Profit and loss account 4,815 6,732
Shareholders' funds 4,817 6,734
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Petha
Director
Approved by the board on 29 November 2024
Atlanta Blue Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
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:
Plant and machinery 20% straight line
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 9,647
At 31 March 2024 9,647
Depreciation
At 1 April 2023 9,646
At 31 March 2024 9,646
Net book value
At 31 March 2024 1
At 31 March 2023 1
4 Debtors 2024 2023
£ £
Trade debtors 20,036 12,940
Other debtors 22,234 31,711
42,270 44,651
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 7,442 8,796
Taxation and social security costs 9,648 10,477
Other creditors 10,563 6,262
27,653 25,535
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 11,276 13,633
7 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 1,238 3,842
8 Other information
Atlanta Blue Limited is a private company limited by shares and incorporated in England. Its registered office is:
21 New Walk
Leicester
LE1 6TE
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