4 false false false false false false false false false false true false false false false false false No description of principal activity 2024-01-01 Sage Accounts Production Advanced 2024 - FRS102_2024 6,000 1,000 1,200 2,200 3,800 5,000 xbrli:pure xbrli:shares iso4217:GBP 05562418 2024-01-01 2024-12-31 05562418 2024-12-31 05562418 2023-12-31 05562418 2023-01-01 2023-12-31 05562418 2023-12-31 05562418 2022-12-31 05562418 core:PlantMachinery 2024-01-01 2024-12-31 05562418 core:MotorVehicles 2024-01-01 2024-12-31 05562418 bus:Director3 2024-01-01 2024-12-31 05562418 bus:Director4 2024-01-01 2024-12-31 05562418 core:PlantMachinery 2023-12-31 05562418 core:MotorVehicles 2023-12-31 05562418 core:PlantMachinery 2024-12-31 05562418 core:MotorVehicles 2024-12-31 05562418 core:AfterOneYear 2024-12-31 05562418 core:AfterOneYear 2023-12-31 05562418 core:WithinOneYear 2024-12-31 05562418 core:WithinOneYear 2023-12-31 05562418 core:ShareCapital 2024-12-31 05562418 core:ShareCapital 2023-12-31 05562418 core:RetainedEarningsAccumulatedLosses 2024-12-31 05562418 core:RetainedEarningsAccumulatedLosses 2023-12-31 05562418 core:TaxLossesCarry-forwardsDeferredTax 2024-12-31 05562418 core:PlantMachinery 2023-12-31 05562418 core:MotorVehicles 2023-12-31 05562418 bus:Director1 2024-01-01 2024-12-31 05562418 bus:Director2 2024-01-01 2024-12-31 05562418 bus:SmallEntities 2024-01-01 2024-12-31 05562418 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 05562418 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05562418 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05562418 bus:FullAccounts 2024-01-01 2024-12-31 05562418 core:OtherDeferredTax 2024-12-31 05562418 core:OtherDeferredTax 2023-12-31 05562418 core:IntangibleAssetsOtherThanGoodwill 2024-01-01 2024-12-31 05562418 core:OfficeEquipment 2024-01-01 2024-12-31 05562418 core:IntangibleAssetsOtherThanGoodwill 2024-12-31 05562418 core:IntangibleAssetsOtherThanGoodwill 2023-12-31 05562418 core:OfficeEquipment 2023-12-31 05562418 core:OfficeEquipment 2024-12-31
COMPANY REGISTRATION NUMBER: 05562418
Atlanta Packaging Company Limited
Filleted Unaudited Financial Statements
For the year ended
31 December 2024
Atlanta Packaging Company Limited
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
Fixed assets
Intangible assets
5
3,800
5,000
Tangible assets
6
7,187
35,577
--------
--------
10,987
40,577
Current assets
Stocks
3,267
4,447
Debtors
7
164,209
312,592
Cash at bank and in hand
37,766
52,513
---------
---------
205,242
369,552
Creditors: amounts falling due within one year
8
197,097
314,120
---------
---------
Net current assets
8,145
55,432
--------
--------
Total assets less current liabilities
19,132
96,009
Creditors: amounts falling due after more than one year
Bank loans
2,500
7,500
Provisions
Deferred taxation
1,371
--------
--------
Net assets
16,632
87,138
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
16,532
87,038
--------
--------
Shareholders funds
16,632
87,138
--------
--------
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 31 December 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 .
Atlanta Packaging Company Limited
Statement of Financial Position (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 28 March 2025 , and are signed on behalf of the board by:
R Cope
E Rees
Director
Director
Company registration number: 05562418
Atlanta Packaging Company Limited
Notes to the Financial Statements
Year ended 31 December 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 Unit C, Mochdre Industrial Estate, Newtown, Powys, Wales, SY16 4LE.
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.The financial statements are prepared in sterling, which is the functional currency of the entity. Revenue recognition Turnover is measured at the fair value of the consideration received or receivable for goods and services rendered, stated net of discounts and of value added tax. In respect of long-term contracts and contracts for ongoing services, turnover represents the value of work done in the year with reference to the stage of completion. Taxation The taxation expense represents the aggregate amount of current and deferred 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. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the reporting date. Foreign currencies Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being recognised in profit or loss. Intangible assets Intangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated amortisation and impairment losses.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Website
-
20% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
33% straight line
Motor vehicles
-
25% reducing balance
Office equipment
-
33% 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.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Finance lease and hire purchase payments are apportioned between the finance charges and reduction of the outstanding lease liability using the sum of the digits method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Pension contributions
Contributions to defined pension contribution plans are recognised as an expense in the period in which the related service is provided.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight line basis.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2023: 3 ).
5. Intangible assets
Website costs
£
Cost
At 1 January 2024 and 31 December 2024
6,000
-------
Amortisation
At 1 January 2024
1,000
Charge for the year
1,200
-------
At 31 December 2024
2,200
-------
Carrying amount
At 31 December 2024
3,800
-------
At 31 December 2023
5,000
-------
6. Tangible assets
Plant and machinery
Motor vehicles
Office equipment
Total
£
£
£
£
Cost
At 1 January 2024
467
50,670
4,492
55,629
Additions
441
441
Disposals
( 30,170)
( 30,170)
----
--------
-------
--------
At 31 December 2024
467
20,500
4,933
25,900
----
--------
-------
--------
Depreciation
At 1 January 2024
324
16,705
3,023
20,052
Charge for the year
143
6,016
616
6,775
Disposals
( 8,114)
( 8,114)
----
--------
-------
--------
At 31 December 2024
467
14,607
3,639
18,713
----
--------
-------
--------
Carrying amount
At 31 December 2024
5,893
1,294
7,187
----
--------
-------
--------
At 31 December 2023
143
33,965
1,469
35,577
----
--------
-------
--------
7. Debtors
2024
2023
£
£
Trade debtors
119,150
309,322
Other debtors
45,059
3,270
---------
---------
164,209
312,592
---------
---------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
5,000
5,000
Trade creditors
81,820
251,955
Social security and other taxes
30,395
54,777
Other creditors
79,882
2,388
---------
---------
197,097
314,120
---------
---------
9. Deferred tax
The deferred tax included in the statement of financial position is as follows:
2024
2023
£
£
Included in debtors (note 7)
12,768
Included in provisions
( 1,371)
--------
-------
12,768
( 1,371)
--------
-------
The deferred tax account consists of the tax effect of timing differences in respect of:
2024
2023
£
£
Unused tax losses
( 12,283)
Capital allowances
( 485)
1,371
--------
-------
(12,768)
1,371
--------
-------
10. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Not later than 1 year
11,112
12,192
--------
--------