ATL PACKAGING LIMITED

Company Registration Number:
05828631 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

ATL PACKAGING LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Notes

ATL PACKAGING LIMITED

Balance sheet

As at 31 May 2024


Notes

2024

2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 0 51,119
Investments:   0 0
Total fixed assets: 0 51,119
Current assets
Stocks: 194,242 116,942
Debtors: 4 454,952 608,430
Cash at bank and in hand: 1,289 1,289
Investments:   0 0
Total current assets: 650,483 726,661
Creditors: amounts falling due within one year: 5 (599,445) (664,786)
Net current assets (liabilities): 51,038 61,875
Total assets less current liabilities: 51,038 112,994
Creditors: amounts falling due after more than one year: 6 (11,758) (22,408)
Provision for liabilities: 0 (3,258)
Total net assets (liabilities): 39,280 87,328
Capital and reserves
Called up share capital: 300 300
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: 38,980 87,028
Shareholders funds: 39,280 87,328

The notes form part of these financial statements

ATL PACKAGING LIMITED

Balance sheet statements

For the year ending 31 May 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 August 2024
and signed on behalf of the board by:

Name: Anthony Norman
Status: Director

The notes form part of these financial statements

ATL PACKAGING LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

1. Accounting policies

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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Land & buildings - in accordance with the property Plant & machinery etc - 25% on cost and at varying rates on cost

Other accounting policies

Stocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Taxation Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred Tax Deferred Tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. 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. Pension costs and other post-retirement benefits The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.

ATL PACKAGING LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

2. Employees

2024 2023
Average number of employees during the period 6 6

ATL PACKAGING LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible Assets

Total
Cost £
At 01 June 2023 117,472
Additions 0
Disposals (11,312)
At 31 May 2024 106,160
Depreciation
At 01 June 2023 66,353
Charge for year 47,610
On disposals (7,803)
At 31 May 2024 106,160
Net book value
At 31 May 2024 0
At 31 May 2023 51,119

ATL PACKAGING LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Debtors

2024 2023
££
Debtors due after more than one year: 0 0

ATL PACKAGING LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Creditors: amounts falling due within one year note

31.5.24 31.5.23 Bank loans and overdraft 93,318 71,675 Trade creditors 293,773 458,620 Taxation and social security 180,367 127,118 Other creditors 31,987 7,373 599,445 664,786

ATL PACKAGING LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

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

31.5.24 31.5.23 Bank Loans 11,758 22,408