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Company Registration No. 04980818 (England and Wales)
Atom Technologies Limited Unaudited accounts for the year ended 31 May 2024
Atom Technologies Limited Unaudited accounts Contents
Page
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Atom Technologies Limited Company Information for the year ended 31 May 2024
Directors
S Drummond A Drummond N Sherriff
Secretary
S Drummond
Company Number
04980818 (England and Wales)
Registered Office
Unit 8 Orchard Farm Business Park Barcham Road Soham Cambridgeshire CB7 5TU United Kingdom
Accountants
Weir Associates Ltd Allia Futures Business Centre Kings Hedges Road Cambridge CB4 2HY
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Atom Technologies Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
52,695 
42,743 
Current assets
Inventories
4,808 
4,808 
Debtors
120,294 
72,069 
Cash at bank and in hand
120,152 
120,017 
245,254 
196,894 
Creditors: amounts falling due within one year
(164,134)
(162,984)
Net current assets
81,120 
33,910 
Total assets less current liabilities
133,815 
76,653 
Creditors: amounts falling due after more than one year
(36,657)
(19,020)
Provisions for liabilities
Deferred tax
(12,824)
(8,121)
Net assets
84,334 
49,512 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
84,134 
49,312 
Shareholders' funds
84,334 
49,512 
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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 February 2025 and were signed on its behalf by
S Drummond Director Company Registration No. 04980818
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Atom Technologies Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Atom Technologies Limited is a private company, limited by shares, registered in England and Wales, registration number 04980818. The registered office is Unit 8, Orchard Farm Business Park, Barcham Road, Soham, Cambridgeshire, CB7 5TU, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5 Years Straight Line
Motor vehicles
25% Reducing Balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Atom Technologies Limited Notes to the Accounts for the year ended 31 May 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
10,471 
74,791 
85,262 
Additions
- 
32,045 
32,045 
Disposals
- 
(7,516)
(7,516)
At 31 May 2024
10,471 
99,320 
109,791 
Depreciation
At 1 June 2023
9,486 
33,033 
42,519 
Charge for the year
984 
19,771 
20,755 
Surplus on revaluation
- 
(6,178)
(6,178)
At 31 May 2024
10,470 
46,626 
57,096 
Net book value
At 31 May 2024
1 
52,694 
52,695 
At 31 May 2023
985 
41,758 
42,743 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
3,598 
- 
Trade debtors
112,585 
52,893 
Accrued income and prepayments
- 
8,954 
Other debtors
4,111 
10,222 
120,294 
72,069 
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Atom Technologies Limited Notes to the Accounts for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
6,256 
Obligations under finance leases and hire purchase contracts
14,503 
12,093 
Trade creditors
20,923 
30,047 
Taxes and social security
41,027 
27,660 
Loans from directors
86,385 
85,928 
Accruals
1,296 
1,000 
164,134 
162,984 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
36,657 
19,020 
8
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 May 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
250 
3,000 
Later than one year and not later than five years
- 
250 
250 
3,250 
9
Average number of employees
During the year the average number of employees was 6 (2023: 4).
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