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REGISTERED NUMBER: 10890661 (England and Wales)


















ATOM Ventures Ltd

Unaudited Financial Statements

for the Period

1st August 2022 to 30th July 2023






ATOM Ventures Ltd (Registered number: 10890661)






Contents of the Financial Statements
for the Period 1st August 2022 to 30th July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ATOM Ventures Ltd

Company Information
for the Period 1st August 2022 to 30th July 2023







DIRECTORS: A P Broddell
T Cracknell





REGISTERED OFFICE: 12 Bridgford Road
West Bridgford
Nottingham
NG26AB





REGISTERED NUMBER: 10890661 (England and Wales)





ACCOUNTANTS: Brooks Mayfield Limited
Chartered Accountants
12 Bridgford Road
West Bridgford
Nottinghamshire
NG2 6AB

ATOM Ventures Ltd (Registered number: 10890661)

Balance Sheet
30th July 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 37,328 48,764

CURRENT ASSETS
Stocks 7,875 8,250
Debtors 6 50,612 70,663
Cash at bank and in hand 2,471 39,394
60,958 118,307
CREDITORS
Amounts falling due within one year 7 (58,369 ) (145,410 )
NET CURRENT ASSETS/(LIABILITIES) 2,589 (27,103 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,917

21,661

CREDITORS
Amounts falling due after more than one
year

8

(96,250

)

(29,567

)
NET LIABILITIES (56,333 ) (7,906 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (56,433 ) (8,006 )
SHAREHOLDERS' FUNDS (56,333 ) (7,906 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th July 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ATOM Ventures Ltd (Registered number: 10890661)

Balance Sheet - continued
30th July 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th January 2025 and were signed on its behalf by:





A P Broddell - Director


ATOM Ventures Ltd (Registered number: 10890661)

Notes to the Financial Statements
for the Period 1st August 2022 to 30th July 2023

1. STATUTORY INFORMATION

ATOM Ventures Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

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 period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

ATOM Ventures Ltd (Registered number: 10890661)

Notes to the Financial Statements - continued
for the Period 1st August 2022 to 30th July 2023

3. ACCOUNTING POLICIES - continued

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 or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 10 (2022 - 13 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st August 2022 113,196
Additions 1,007
At 30th July 2023 114,203
DEPRECIATION
At 1st August 2022 64,432
Charge for period 12,443
At 30th July 2023 76,875
NET BOOK VALUE
At 30th July 2023 37,328
At 31st July 2022 48,764

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 12,250 -
Amounts owed by group undertakings - 64,762
Other debtors 38,362 5,901
50,612 70,663

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 9,403
Trade creditors 41,764 76,150
Taxation and social security 12,732 23,579
Other creditors 3,873 36,278
58,369 145,410

ATOM Ventures Ltd (Registered number: 10890661)

Notes to the Financial Statements - continued
for the Period 1st August 2022 to 30th July 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 96,250 29,567

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100