Acorah Software Products - Accounts Production 15.0.600 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 08064592 Mr Michael Walsh Mr James Coleman Mr James Coleman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08064592 2023-05-31 08064592 2024-05-31 08064592 2023-06-01 2024-05-31 08064592 frs-core:CurrentFinancialInstruments 2024-05-31 08064592 frs-core:ShareCapital 2024-05-31 08064592 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 08064592 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 08064592 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 08064592 frs-bus:SmallEntities 2023-06-01 2024-05-31 08064592 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 08064592 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 08064592 frs-bus:Director1 2023-06-01 2024-05-31 08064592 frs-bus:Director2 2023-06-01 2024-05-31 08064592 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 08064592 frs-countries:EnglandWales 2023-06-01 2024-05-31 08064592 2022-05-31 08064592 2023-05-31 08064592 2022-06-01 2023-05-31 08064592 frs-core:CurrentFinancialInstruments 2023-05-31 08064592 frs-core:ShareCapital 2023-05-31 08064592 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 08064592
Atrium Ventures Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Shaikh & Co Ltd
Registered Auditors and Chartered Certified Accountants
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 08064592
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 14,774 38,000
Debtors 5 84,000 77,500
Cash at bank and in hand 204 616
98,978 116,116
Creditors: Amounts Falling Due Within One Year 6 (98,920 ) (116,520 )
NET CURRENT ASSETS (LIABILITIES) 58 (404 )
TOTAL ASSETS LESS CURRENT LIABILITIES 58 (404 )
NET ASSETS/(LIABILITIES) 58 (404 )
CAPITAL AND RESERVES
Called up share capital 7 150 150
Profit and Loss Account (92 ) (554 )
SHAREHOLDERS' FUNDS 58 (404)
For the year ending 31 May 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr James Coleman
Director
05/02/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Atrium Ventures Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08064592 . The registered office is 51 St Mary's Road, Tonbridge , Kent, TN9 2LE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Stocks
2024 2023
£ £
Work in progress 14,774 38,000
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 84,000 -
Prepayments and accrued income - 77,500
84,000 77,500
Page 2
Page 3
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 17,063 30,020
Other taxes and social security 19,063 17,783
VAT 53,250 59,717
Other creditors 9,544 9,000
98,920 116,520
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 150 150
Page 3