Caseware UK (AP4) 2023.0.135 2023.0.135 2023-04-01false12No description of principal activity12truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04601390 2023-04-01 2024-03-31 04601390 2022-04-01 2023-03-31 04601390 2024-03-31 04601390 2023-03-31 04601390 c:Director1 2023-04-01 2024-03-31 04601390 c:RegisteredOffice 2023-04-01 2024-03-31 04601390 d:PlantMachinery 2023-04-01 2024-03-31 04601390 d:PlantMachinery 2024-03-31 04601390 d:PlantMachinery 2023-03-31 04601390 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04601390 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 04601390 d:MotorVehicles 2023-04-01 2024-03-31 04601390 d:FurnitureFittings 2023-04-01 2024-03-31 04601390 d:FurnitureFittings 2024-03-31 04601390 d:FurnitureFittings 2023-03-31 04601390 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04601390 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 04601390 d:OfficeEquipment 2023-04-01 2024-03-31 04601390 d:OfficeEquipment 2024-03-31 04601390 d:OfficeEquipment 2023-03-31 04601390 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04601390 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 04601390 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04601390 d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 04601390 d:CurrentFinancialInstruments 2024-03-31 04601390 d:CurrentFinancialInstruments 2023-03-31 04601390 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 04601390 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04601390 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 04601390 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 04601390 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 04601390 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 04601390 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 04601390 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 04601390 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-03-31 04601390 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 04601390 d:ShareCapital 2024-03-31 04601390 d:ShareCapital 2023-03-31 04601390 d:RetainedEarningsAccumulatedLosses 2024-03-31 04601390 d:RetainedEarningsAccumulatedLosses 2023-03-31 04601390 c:OrdinaryShareClass1 2023-04-01 2024-03-31 04601390 c:OrdinaryShareClass1 2024-03-31 04601390 c:OrdinaryShareClass1 2023-03-31 04601390 c:FRS102 2023-04-01 2024-03-31 04601390 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04601390 c:AbridgedAccounts 2023-04-01 2024-03-31 04601390 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04601390 d:HirePurchaseContracts d:WithinOneYear 2024-03-31 04601390 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 04601390 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-03-31 04601390 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 04601390 2 2023-04-01 2024-03-31 04601390 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 04601390










ATINA SOLUTIONS LIMITED

Unaudited
Financial statements
Information for filing with the registrar
For the Year Ended 31 March 2024

 
ATINA SOLUTIONS LIMITED
 

Company Information


Director
J Civico 




Registered number
04601390



Registered office
12 Broad Elms Close

Sheffield

South Yorkshire

S11 9ST





 
ATINA SOLUTIONS LIMITED
Registered number: 04601390

Balance sheet
As at 31 March 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
163,657
130,547

Investments
  
840,000
840,000

  
1,003,657
970,547

Current assets
  

Stocks
  
104,649
204,404

Debtors
  
204,396
268,938

Current asset investments
 7 
18,998
18,998

Cash at bank and in hand
  
31,950
17,094

  
359,993
509,434

Creditors: amounts falling due within one year
 9 
(301,671)
(340,207)

Net current assets
  
 
 
58,322
 
 
169,227

Total assets less current liabilities
  
1,061,979
1,139,774

Creditors: amounts falling due after more than one year
  
(521,288)
(545,460)

Provisions for liabilities
  
(38,601)
(22,422)

Net assets
  
502,090
571,892


Capital and reserves
  

Called up share capital 
 12 
100
100

Profit and loss account
  
501,990
571,792

  
502,090
571,892


Page 1

 
ATINA SOLUTIONS LIMITED
Registered number: 04601390

Balance sheet (continued)
As at 31 March 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 January 2025.




J Civico
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
ATINA SOLUTIONS LIMITED
 

 
Notes to the financial statements
For the Year Ended 31 March 2024

1.


General information

Atina Solutions Limited is a company limited by shares incorporated in England within the United Kingdom. The address of the registered office is given in the company information on page 1 of these financial statements.
The financial statements are presented in sterling which is the functional currency of the company.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Sale of goods
Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
      - the Company has transferred the significant risks and rewards of ownership to the buyer;
      - the Company retains neither continuing managerial involvement to the degree usually associated with ownership
        nor effective control over the goods sold;
      - the amount of revenue can be measured reliably;
      - it is probable that the Company will receive the consideration due under the transaction; and
      - the costs incurred or to be incurred in respect of the transaction can be measured reliabl
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
      - the amount of revenue can be measured reliably;
      - it is probable that the Company will receive the consideration due under the contract;
      - the stage of completion of the contract at the end of the reporting period can be measured reliably; and
      - the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
ATINA SOLUTIONS LIMITED
 

 
Notes to the financial statements
For the Year Ended 31 March 2024

2.Accounting policies (continued)

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 4

 
ATINA SOLUTIONS LIMITED
 

 
Notes to the financial statements
For the Year Ended 31 March 2024

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and equipment
-
20%
reducing balance
Motor vehicles
-
25%
reducing balance
Office equipment
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.8

Stocks and work in progress

Work in progress and finished goods include labour and attributable overheads.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
ATINA SOLUTIONS LIMITED
 

 
Notes to the financial statements
For the Year Ended 31 March 2024

2.Accounting policies (continued)

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 12 (2023 -12).


4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2023
283,571
12,143
3,254
298,968


Additions
80,699
-
-
80,699


Disposals
(16,700)
-
-
(16,700)



At 31 March 2024

347,570
12,143
3,254
362,967



Depreciation


At 1 April 2023
163,671
3,538
1,212
168,421


Charge for the year on owned assets
8,934
2,114
814
11,862


Charge for the year on financed assets
34,626
-
-
34,626


Disposals
(15,599)
-
-
(15,599)



At 31 March 2024

191,632
5,652
2,026
199,310



Net book value



At 31 March 2024
155,938
6,491
1,228
163,657



At 31 March 2023
119,900
8,605
2,042
130,547

Page 6

 
ATINA SOLUTIONS LIMITED
 

 
Notes to the financial statements
For the Year Ended 31 March 2024

5.


Fixed asset investments





Investment properties

£



Cost or valuation


At 1 April 2023
840,000



At 31 March 2024
840,000





6.


Investment property




If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
900,787
900,787

900,787
900,787




7.


Current asset investments

2024
2023
£
£

Unlisted investments
18,998
18,998

18,998
18,998



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
31,950
17,094

31,950
17,094


Page 7

 
ATINA SOLUTIONS LIMITED
 

 
Notes to the financial statements
For the Year Ended 31 March 2024

9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
24,215
10,000

Trade creditors
128,881
226,799

Other taxation and social security
55,468
42,395

Obligations under finance lease and hire purchase contracts
50,976
27,360

Other creditors
37,358
28,880

Accruals and deferred income
4,773
4,773

301,671
340,207



10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
24,215
10,000


24,215
10,000

Amounts falling due 1-2 years

Bank loans
22,958
10,000


22,958
10,000

Amounts falling due 2-5 years

Bank loans
43,938
11,667


43,938
11,667

Amounts falling due after more than 5 years

Bank loans
394,531
471,425

394,531
471,425

485,642
503,092


Included in bank loans is a loan of £459,320 which is secured by legal charge over several freehold properties owned by the company.

Page 8

 
ATINA SOLUTIONS LIMITED
 

 
Notes to the financial statements
For the Year Ended 31 March 2024

11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
50,976
27,360

Between 1-5 years
59,861
52,368

110,837
79,728


12.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 -100) Ordinary shares of £1.00 each
100
100



13.


Related party transactions

The company operates a Directors current account with the sole director which is unsecured, bears interest at a rate of 2.25% and is repayable upon demand. The balance owed by the Director at the financial year end was £76,737 (2023 £103,492).


Page 9