Company registration number 04066999 (England and Wales)
AT SUPPLIES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
AT SUPPLIES LTD
COMPANY INFORMATION
Director
M Turton
Secretary
Mr C Turton
Company number
04066999
Registered office
West Point, Second Floor
Mucklow Office Park
Mucklow Hill
Halesowen
West Midlands
England
B62 8DY
Accountants
Jerroms GCN Limited
West Point, Second Floor
Mucklow Office Park
Mucklow Hill
Halesowen
B62 8DY
AT SUPPLIES LTD
CONTENTS
Page
Accountants' report
1
Statement of financial position
2 - 3
Notes to the financial statements
4 - 7
AT SUPPLIES LTD
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF AT SUPPLIES LTD
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of AT Supplies Ltd for the year ended 30 September 2024 which comprise, the statement of financial position and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the board of directors of AT Supplies Ltd, as a body, in accordance with the terms of our engagement letter dated 18 March 2024. Our work has been undertaken solely to prepare for your approval the financial statements of AT Supplies Ltd and state those matters that we have agreed to state to the board of directors of AT Supplies Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AT Supplies Ltd and its board of directors as a body for our work or for this report.

It is your duty to ensure that AT Supplies Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of AT Supplies Ltd. You consider that AT Supplies Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of AT Supplies Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Jerroms GCN Limited
Chartered Certified Accountants
West Point, Second Floor
Mucklow Office Park
Mucklow Hill
Halesowen
B62 8DY
21 January 2025
AT SUPPLIES LTD
STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024
30 September 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
23,435
17,691
Current assets
Stocks
17,354
24,339
Debtors
4
75,137
69,902
Cash at bank and in hand
93,807
100,360
186,298
194,601
Creditors: amounts falling due within one year
5
(107,286)
(94,274)
Net current assets
79,012
100,327
Total assets less current liabilities
102,447
118,018
Creditors: amounts falling due after more than one year
6
(4,338)
(9,131)
Provisions for liabilities
(5,859)
(4,423)
Net assets
92,250
104,464
Capital and reserves
Called up share capital
9
704
704
Profit and loss reserves
91,546
103,760
Total equity
92,250
104,464
AT SUPPLIES LTD
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2024
30 September 2024
- 3 -

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 21 January 2025 and are signed on its behalf by:
M Turton
Director
Company registration number 04066999 (England and Wales)
AT SUPPLIES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 4 -
1
Accounting policies
Company information

AT Supplies Ltd is a private company limited by shares incorporated in England and Wales. The registered office is West Point, Second Floor, Mucklow Office Park, Mucklow Hill, Halesowen, West Midlands, England, B62 8DY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

1.3
Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

 

The Company adds the carrying amount of an item of fixed assets the cost of replacing part of such an item when the cost is incurred, if the replacement part is expected to provide incremental future benefits to the Company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit and loss during the period in which they are incurred.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
20% reducing balance
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

1.5
Taxation

The tax expense represents the sum of the tax currently payable 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.

AT SUPPLIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 5 -
Current tax

Current or deferred taxation assets or 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

1.6
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
4
AT SUPPLIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 6 -
3
Tangible fixed assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 October 2023
14,477
50,763
65,240
Additions
-
0
12,700
12,700
Disposals
-
0
(17,366)
(17,366)
At 30 September 2024
14,477
46,097
60,574
Depreciation and impairment
At 1 October 2023
13,498
34,051
47,549
Depreciation charged in the year
196
4,378
4,574
Eliminated in respect of disposals
-
0
(14,984)
(14,984)
At 30 September 2024
13,694
23,445
37,139
Carrying amount
At 30 September 2024
783
22,652
23,435
At 30 September 2023
979
16,712
17,691
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
75,137
69,902
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
5,000
5,000
Obligations under finance leases
7
-
0
1,216
Trade creditors
30,469
29,290
Corporation tax
17,493
20,440
Other taxation and social security
14,508
12,907
Other creditors
13,989
18,409
Accruals and deferred income
25,827
7,012
107,286
94,274
6
Creditors: amounts falling due after more than one year
2024
2023
Notes
£
£
Bank loans and overdrafts
4,338
9,131
AT SUPPLIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 7 -
7
Finance lease obligations
2024
2023
Future minimum lease payments due under finance leases:
£
£
Within one year
-
0
1,216
8
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2024
2023
Balances:
£
£
Accelerated capital allowances
5,859
4,423
2024
Movements in the year:
£
Liability at 1 October 2023
4,423
Charge to profit or loss
1,436
Liability at 30 September 2024
5,859
9
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £1 each
604
604
604
604
Ordinary B of £1 each
100
100
100
100
704
704
704
704
2024-09-302023-10-01falsefalsefalse21 January 2025CCH SoftwareCCH Accounts Production 2024.310No description of principal activityA P TurtonM TurtonMr C Turton040669992023-10-012024-09-3004066999bus:Director22023-10-012024-09-3004066999bus:CompanySecretary12023-10-012024-09-3004066999bus:Director12023-10-012024-09-3004066999bus:RegisteredOffice2023-10-012024-09-30040669992024-09-30040669992023-09-3004066999core:FurnitureFittings2024-09-3004066999core:MotorVehicles2024-09-3004066999core:FurnitureFittings2023-09-3004066999core:MotorVehicles2023-09-3004066999core:CurrentFinancialInstrumentscore:WithinOneYear2024-09-3004066999core:CurrentFinancialInstrumentscore:WithinOneYear2023-09-3004066999core:Non-currentFinancialInstrumentscore:AfterOneYear2024-09-3004066999core:Non-currentFinancialInstrumentscore:AfterOneYear2023-09-3004066999core:CurrentFinancialInstruments2024-09-3004066999core:CurrentFinancialInstruments2023-09-3004066999core:ShareCapital2024-09-3004066999core:ShareCapital2023-09-3004066999core:RetainedEarningsAccumulatedLosses2024-09-3004066999core:RetainedEarningsAccumulatedLosses2023-09-3004066999core:ShareCapitalOrdinaryShares2024-09-3004066999core:ShareCapitalOrdinaryShares2023-09-3004066999core:FurnitureFittings2023-10-012024-09-3004066999core:MotorVehicles2023-10-012024-09-30040669992022-10-012023-09-3004066999core:FurnitureFittings2023-09-3004066999core:MotorVehicles2023-09-30040669992023-09-3004066999core:Non-currentFinancialInstruments2024-09-3004066999core:Non-currentFinancialInstruments2023-09-3004066999core:WithinOneYear2024-09-3004066999core:WithinOneYear2023-09-3004066999bus:PrivateLimitedCompanyLtd2023-10-012024-09-3004066999bus:SmallCompaniesRegimeForAccounts2023-10-012024-09-3004066999bus:FRS1022023-10-012024-09-3004066999bus:AuditExemptWithAccountantsReport2023-10-012024-09-3004066999bus:FullAccounts2023-10-012024-09-30xbrli:purexbrli:sharesiso4217:GBP