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REGISTERED NUMBER: 13363033 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

ATLANTIS GEOSERVICES LTD

ATLANTIS GEOSERVICES LTD (REGISTERED NUMBER: 13363033)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ATLANTIS GEOSERVICES LTD

COMPANY INFORMATION
for the year ended 30 April 2024







DIRECTORS: Mr Brenton Alex Noakes
Mr Ben James Miller
Mr Michal Stefan Milas
Asteroceras Group Ltd





REGISTERED OFFICE: Unit C4
Greengates Way
Hoveton
Norwich
Norfolk
NR12 8ED





REGISTERED NUMBER: 13363033 (England and Wales)





ACCOUNTANTS: Sexty & Co
Chartered Certified Accountants
124 Thorpe Road
Norwich
Norfolk
NR1 1RS

ATLANTIS GEOSERVICES LTD (REGISTERED NUMBER: 13363033)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,193,079 540,579

CURRENT ASSETS
Stocks 20,577 133,099
Debtors 5 814,498 457,572
Cash at bank 22,783 31,220
857,858 621,891
CREDITORS
Amounts falling due within one year 6 264,348 77,331
NET CURRENT ASSETS 593,510 544,560
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,786,589

1,085,139

CREDITORS
Amounts falling due after more than one
year

7

1,932,371

1,248,260
NET LIABILITIES (145,782 ) (163,121 )

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings (145,902 ) (163,241 )
(145,782 ) (163,121 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

ATLANTIS GEOSERVICES LTD (REGISTERED NUMBER: 13363033)

BALANCE SHEET - continued
30 April 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 January 2025 and were signed on its behalf by:





Mr Brenton Alex Noakes - Director


ATLANTIS GEOSERVICES LTD (REGISTERED NUMBER: 13363033)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Atlantis Geoservices 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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 Straight line over 4 years

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

Going concern
The financial statements have been prepared on a going concern basis, which assumes the continued support of the company's directors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 3 ) .

ATLANTIS GEOSERVICES LTD (REGISTERED NUMBER: 13363033)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 720,560
Additions 1,048,376
At 30 April 2024 1,768,936
DEPRECIATION
At 1 May 2023 179,981
Charge for year 395,876
At 30 April 2024 575,857
NET BOOK VALUE
At 30 April 2024 1,193,079
At 30 April 2023 540,579

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 502,199 -
Other debtors 312,299 457,572
814,498 457,572

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 231,891 57,215
Taxation and social security 30,457 6,453
Other creditors 2,000 13,663
264,348 77,331

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 1,932,371 1,248,260

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 1,932,371 1,248,260

ATLANTIS GEOSERVICES LTD (REGISTERED NUMBER: 13363033)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 1,932,371 1,248,260

9. RELATED PARTY DISCLOSURES

Included in long term creditors is a loan payable to Asteroceras Group Ltd with a value of £1,932,371 (2023: £1,248,260).

Included in trade debtors is £389,831 owed to Benthic Solutions Limited which is a related party through common control.