Company Registration No. 11973714 (England and Wales)
ATLANTIC EDGE LTD
Unaudited accounts
for the year ended 31 May 2024
ATLANTIC EDGE LTD
Unaudited accounts
Contents
ATLANTIC EDGE LTD
Company Information
for the year ended 31 May 2024
Company Number
11973714 (England and Wales)
Registered Office
TIMI AYOADE 36 SANDERLING CLOSE
EAST TILBURY
TILBURY
ESSEX
RM18 8FF
UNITED KINGDOM
Accountants
Faxon Consulting Ltd
85 Great Portland Street
London
W1W 7LT
ATLANTIC EDGE LTD
Statement of financial position
as at 31 May 2024
Tangible assets
118,000
118,000
Cash at bank and in hand
5,660
17,850
Net current assets
5,660
17,850
Total assets less current liabilities
123,660
135,850
Creditors: amounts falling due after more than one year
(152,355)
(158,846)
Net liabilities
(28,695)
(22,996)
Called up share capital
1
1
Profit and loss account
(28,696)
(22,997)
Shareholders' funds
(28,695)
(22,996)
For the year ending 31 May 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 director acknowledges his 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 and authorised for issue on 1 December 2024 and were signed on its behalf by
Timi Ayoade
Director
Company Registration No. 11973714
ATLANTIC EDGE LTD
Notes to the Accounts
for the year ended 31 May 2024
ATLANTIC EDGE LTD is a private company, limited by shares, registered in England and Wales, registration number 11973714. The registered office is TIMI AYOADE 36 SANDERLING CLOSE, EAST TILBURY, TILBURY, ESSEX, RM18 8FF, UNITED KINGDOM.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Land & buildings
20% Reducing Balance
4
Tangible fixed assets
Land & buildings
5
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
100,000
100,000
Loans from directors
52,355
58,846
ATLANTIC EDGE LTD
Notes to the Accounts
for the year ended 31 May 2024
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).