IRIS Accounts Production v24.3.2.46 13362740 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh133627402023-04-30133627402024-04-30133627402023-05-012024-04-30133627402022-04-30133627402022-05-012023-04-30133627402023-04-3013362740ns15:EnglandWales2023-05-012024-04-3013362740ns14:PoundSterling2023-05-012024-04-3013362740ns10:Director12023-05-012024-04-3013362740ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3013362740ns10:SmallEntities2023-05-012024-04-3013362740ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3013362740ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3013362740ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3013362740ns10:FullAccounts2023-05-012024-04-3013362740ns10:Director22023-05-012024-04-3013362740ns10:Director32023-05-012024-04-3013362740ns10:RegisteredOffice2023-05-012024-04-3013362740ns5:CurrentFinancialInstruments2024-04-3013362740ns5:CurrentFinancialInstruments2023-04-3013362740ns5:Non-currentFinancialInstruments2024-04-3013362740ns5:Non-currentFinancialInstruments2023-04-3013362740ns5:ShareCapital2024-04-3013362740ns5:ShareCapital2023-04-3013362740ns5:RetainedEarningsAccumulatedLosses2024-04-3013362740ns5:RetainedEarningsAccumulatedLosses2023-04-3013362740ns5:PlantMachinery2023-05-012024-04-3013362740ns5:ComputerEquipment2023-05-012024-04-3013362740ns5:PlantMachinery2023-04-3013362740ns5:PlantMachinery2024-04-3013362740ns5:PlantMachinery2023-04-3013362740ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-04-3013362740ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-05-012024-04-3013362740ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-04-3013362740ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-04-3013362740ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3013362740ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-30133627401ns10:Director12023-04-30133627401ns10:Director12022-04-30133627401ns10:Director12023-05-012024-04-30133627401ns10:Director12022-05-012023-04-30133627401ns10:Director12024-04-30133627401ns10:Director12023-04-30133627403ns10:Director32023-04-30133627403ns10:Director32022-04-30133627403ns10:Director32023-05-012024-04-30133627403ns10:Director32022-05-012023-04-30133627403ns10:Director32024-04-30133627403ns10:Director32023-04-30
REGISTERED NUMBER: 13362740 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

ATHENA TELECOMS LIMITED

ATHENA TELECOMS LIMITED (REGISTERED NUMBER: 13362740)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ATHENA TELECOMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mrs J Halsey
G Tilling
S Halsey





REGISTERED OFFICE: 4th Floor Charles House
108-110 Finchley Road
London
NW3 5JJ





REGISTERED NUMBER: 13362740 (England and Wales)





ACCOUNTANTS: Numera North Limited
4th Floor, Charles House
108-110 Finchley Road
London
London
NW3 5JJ

ATHENA TELECOMS LIMITED (REGISTERED NUMBER: 13362740)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 216,094 167,401

CURRENT ASSETS
Debtors 5 179,022 431,542
Cash at bank 666 8,941
179,688 440,483
CREDITORS
Amounts falling due within one year 6 634,596 516,849
NET CURRENT LIABILITIES (454,908 ) (76,366 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(238,814

)

91,035

CREDITORS
Amounts falling due after more than one year 7 263,602 39,401
NET (LIABILITIES)/ASSETS (502,416 ) 51,634

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (502,516 ) 51,534
(502,416 ) 51,634

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.

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 14 March 2025 and were signed on its behalf by:





G Tilling - Director


ATHENA TELECOMS LIMITED (REGISTERED NUMBER: 13362740)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Athena Telecoms Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£) and rounded to the nearest £.

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.

The financial statements have been prepared on a going concern basis, the applicability of which is dependent upon the continued support of the company's creditors and financiers.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 37 ) .

ATHENA TELECOMS LIMITED (REGISTERED NUMBER: 13362740)

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 190,776
Additions 115,910
At 30 April 2024 306,686
DEPRECIATION
At 1 May 2023 23,375
Charge for year 67,217
At 30 April 2024 90,592
NET BOOK VALUE
At 30 April 2024 216,094
At 30 April 2023 167,401

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2023 156,878
Additions 115,401
At 30 April 2024 272,279
DEPRECIATION
At 1 May 2023 17,443
Charge for year 64,611
At 30 April 2024 82,054
NET BOOK VALUE
At 30 April 2024 190,225
At 30 April 2023 139,435

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 52,883 283,130
Amounts owed by group undertakings - 80
Other debtors 126,139 148,332
179,022 431,542

ATHENA TELECOMS LIMITED (REGISTERED NUMBER: 13362740)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts - 152,481
Hire purchase contracts 93,862 34,701
Trade creditors 171,703 65,776
Amounts owed to group undertakings 246,945 251,228
Taxation and social security 39,827 4,387
Other creditors 82,259 8,276
634,596 516,849

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 81,257 39,401
Other creditors 182,345 -
263,602 39,401

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Other creditors 182,345 -

In addition amounts due under hire purchase contracts are secured against hire purchase assets.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
G Tilling
Balance outstanding at start of year 279 (421 )
Amounts advanced 18,750 4,947
Amounts repaid (19,448 ) (4,247 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (419 ) 279

S Halsey
Balance outstanding at start of year - -
Amounts advanced 14,996 -
Amounts repaid (60,425 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (45,429 ) -

10. RELATED PARTY DISCLOSURES

Included in debtors falling due within one year is an amount of £0 (2023: £80) owed by group undertakings.

Included in creditors due within one year is an amount of £246,945 (2022: £251,228) owed to connected companies.

ATHENA TELECOMS LIMITED (REGISTERED NUMBER: 13362740)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

11. GOING CONCERN

The financial statements have been prepared on a going concern basis, the applicability of which is dependent upon the continued support of the company's creditors and financiers. At the balance sheet date, the company's liabilities exceeded its assets by £502,416 and it reported a loss of £554,050. In the opinion of the directors the company has the support of its creditors and financiers for the foreseeable future, and it is therefore considered appropriate to adopt the going concern policy.