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Registration number: 13368816

ATK Engineering Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

ATK Engineering Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

ATK Engineering Ltd

Company Information

Directors

Mr Ashley Trinder

Kayleigh Louise Adams-Trinder

Registered office

Suite 1C Meadway Court Meadway Technology Park
Rutherford Close
Stevenage
SG1 2EF

Accountants

Re:Accounts Limited
Chartered AccountantsSuite 1C Meadway Court
Rutherford Close
Stevenage
Hertfordshire
SG1 2EF

 

ATK Engineering Ltd

(Registration number: 13368816)
Balance Sheet as at 30 April 2024

Note

30 April
2024
£

30 April
2023
£

Fixed assets

 

Tangible assets

4

13,843

-

Current assets

 

Debtors

5

47,628

57

Cash at bank and in hand

 

99,897

114

 

147,525

171

Creditors: Amounts falling due within one year

6

(107,613)

(978)

Net current assets/(liabilities)

 

39,912

(807)

Total assets less current liabilities

 

53,755

(807)

Creditors: Amounts falling due after more than one year

6

(10,531)

-

Net assets/(liabilities)

 

43,224

(807)

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

43,124

(907)

Shareholders' funds/(deficit)

 

43,224

(807)

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 January 2025 and signed on its behalf by:
 

 

ATK Engineering Ltd

(Registration number: 13368816)
Balance Sheet as at 30 April 2024 (continued)

.........................................
Mr Ashley Trinder
Director

.........................................
Kayleigh Louise Adams-Trinder
Director

 

ATK Engineering Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Suite 1C Meadway Court Meadway Technology Park
Rutherford Close
Stevenage
SG1 2EF
England

These financial statements were authorised for issue by the Board on 25 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of electrical and mechanical installations, breakdowns and design services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

 

ATK Engineering Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

2

Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% straight line

Computer equipment

25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

ATK Engineering Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

2

Accounting policies (continued)

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

ATK Engineering Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

Additions

1,665

16,795

18,460

At 30 April 2024

1,665

16,795

18,460

Depreciation

Charge for the year

418

4,199

4,617

At 30 April 2024

418

4,199

4,617

Carrying amount

At 30 April 2024

1,247

12,596

13,843

5

Debtors

Current

30 April
2024
£

30 April
2023
£

Trade debtors

44,701

-

Prepayments

2,927

57

 

47,628

57

6

Creditors

Creditors: amounts falling due within one year

Note

30 April
2024
£

30 April
2023
£

Due within one year

 

Loans and borrowings

2,468

-

Taxation and social security

 

64,589

-

Other creditors

 

40,556

978

 

107,613

978

Creditors: amounts falling due after more than one year

 

ATK Engineering Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

6

Creditors (continued)

Note

30 April
2024
£

30 April
2023
£

Due after one year

 

Loans and borrowings

10,531

-

Included within creditors is £2,468 (2023: £nil) payable on a HP loan and payable in 1 year. Payable on the HP loan in more than 1 year but less than 5 years is £10,531 (2023: £nil)

7

Share capital

Allotted, called up and fully paid shares

30 April
2024

30 April
2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

8

Dividends

Final dividends paid

30 April
2024
£

30 April
2023
£

Final dividend of £330.00 (2023 - £Nil) per each Ordinary

33,000

-

 

 

Interim dividends paid

30 April
2024
£

30 April
2023
£

Interim dividend of £505.00 (2023 - £Nil) per each Ordinary

50,500

-

 

 

9

Related party transactions

Included within creditors at the year end was £40,554 (2023: £978) owed to the directors. The loan was interest free with no fixed date for repayment. The directors confirm that they will not withdraw the loan if the company does not have sufficient cash to survive without it.