2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 7,079 7,013 17 7,030 49 66 xbrli:pure xbrli:shares iso4217:GBP 06315894 2023-07-01 2024-06-30 06315894 2024-06-30 06315894 2023-06-30 06315894 2022-07-01 2023-06-30 06315894 2023-06-30 06315894 2022-06-30 06315894 core:MotorVehicles 2023-07-01 2024-06-30 06315894 bus:Director1 2023-07-01 2024-06-30 06315894 core:MotorVehicles 2023-06-30 06315894 core:MotorVehicles 2024-06-30 06315894 core:AfterOneYear 2024-06-30 06315894 core:AfterOneYear 2023-06-30 06315894 core:WithinOneYear 2024-06-30 06315894 core:WithinOneYear 2023-06-30 06315894 core:ShareCapital 2024-06-30 06315894 core:ShareCapital 2023-06-30 06315894 core:RetainedEarningsAccumulatedLosses 2024-06-30 06315894 core:RetainedEarningsAccumulatedLosses 2023-06-30 06315894 core:MotorVehicles 2023-06-30 06315894 bus:Director1 2023-06-30 06315894 bus:Director1 2024-06-30 06315894 bus:Director1 2022-06-30 06315894 bus:Director1 2023-06-30 06315894 bus:Director1 2022-07-01 2023-06-30 06315894 bus:SmallEntities 2023-07-01 2024-06-30 06315894 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 06315894 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 06315894 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 06315894 bus:FullAccounts 2023-07-01 2024-06-30
COMPANY REGISTRATION NUMBER: 06315894
ATL Vehicle Technology Limited
Filleted Unaudited Financial Statements
30 June 2024
ATL Vehicle Technology Limited
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
49
66
Current assets
Stocks
2,200
2,200
Debtors
6
64,480
47,849
Cash at bank and in hand
1,488
7,887
--------
--------
68,168
57,936
Creditors: amounts falling due within one year
7
33,474
21,527
--------
--------
Net current assets
34,694
36,409
--------
--------
Total assets less current liabilities
34,743
36,475
Creditors: amounts falling due after more than one year
8
27,550
27,550
--------
--------
Net assets
7,193
8,925
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
7,093
8,825
-------
-------
Shareholders funds
7,193
8,925
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
ATL Vehicle Technology Limited
Statement of Financial Position (continued)
30 June 2024
These financial statements were approved by the board of directors and authorised for issue on 25 March 2025 , and are signed on behalf of the board by:
Mr P R Martin
Director
Company registration number: 06315894
ATL Vehicle Technology Limited
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Artemis House, 4a Bramley Road, Mount Farm, Milton Keynes, MK1 1PT.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of (enter name of group financial statements) which can be obtained from (enter detail). As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented. (d) Disclosures in respect of share-based payments have not been presented. (e) No disclosure has been given for the aggregate remuneration of key management personnel.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor Vehicles
-
25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Motor vehicles
Total
£
£
Cost
At 1 July 2023 and 30 June 2024
7,079
7,079
-------
-------
Depreciation
At 1 July 2023
7,013
7,013
Charge for the year
17
17
-------
-------
At 30 June 2024
7,030
7,030
-------
-------
Carrying amount
At 30 June 2024
49
49
-------
-------
At 30 June 2023
66
66
-------
-------
6. Debtors
2024
2023
£
£
Trade debtors
33,535
16,904
Other debtors
30,945
30,945
--------
--------
64,480
47,849
--------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
30
Social security and other taxes
15,064
14,450
V400 Ltd
( 46,450)
( 47,449)
Other creditors
64,830
54,526
--------
--------
33,474
21,527
--------
--------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
27,550
27,550
--------
--------
9. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr P R Martin
( 54,526)
( 10,304)
( 64,830)
--------
--------
--------
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr P R Martin
( 48,202)
( 6,324)
( 54,526)
--------
-------
--------
10. Related party transactions
The company was under the control of Mr P Martin throughout the current period. Mr P R Martin is the managing director and equal shareholder. Included in other debtors is the balance of £28,943 (2023 - £30,943) due from ATL Property Limited and a balance of £46,450 (2023 - £47,450) due from V400 Ltd, companies in which Mr P R Martin is the director.