Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31truefalseNo description of principal activity2024-01-01false66trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03893366 2024-01-01 2024-12-31 03893366 2023-01-01 2023-12-31 03893366 2024-12-31 03893366 2023-12-31 03893366 c:Director2 2024-01-01 2024-12-31 03893366 d:PlantMachinery 2024-01-01 2024-12-31 03893366 d:PlantMachinery 2024-12-31 03893366 d:PlantMachinery 2023-12-31 03893366 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 03893366 d:MotorVehicles 2024-01-01 2024-12-31 03893366 d:MotorVehicles 2024-12-31 03893366 d:MotorVehicles 2023-12-31 03893366 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 03893366 d:OfficeEquipment 2024-01-01 2024-12-31 03893366 d:OfficeEquipment 2024-12-31 03893366 d:OfficeEquipment 2023-12-31 03893366 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 03893366 d:ComputerEquipment 2024-01-01 2024-12-31 03893366 d:ComputerEquipment 2024-12-31 03893366 d:ComputerEquipment 2023-12-31 03893366 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 03893366 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 03893366 d:ComputerSoftware 2024-12-31 03893366 d:ComputerSoftware 2023-12-31 03893366 d:CurrentFinancialInstruments 2024-12-31 03893366 d:CurrentFinancialInstruments 2023-12-31 03893366 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 03893366 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03893366 d:ShareCapital 2024-12-31 03893366 d:ShareCapital 2023-12-31 03893366 d:CapitalRedemptionReserve 2024-12-31 03893366 d:CapitalRedemptionReserve 2023-12-31 03893366 d:RetainedEarningsAccumulatedLosses 2024-12-31 03893366 d:RetainedEarningsAccumulatedLosses 2023-12-31 03893366 c:FRS102 2024-01-01 2024-12-31 03893366 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 03893366 c:FullAccounts 2024-01-01 2024-12-31 03893366 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 03893366 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2024-01-01 2024-12-31 03893366 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 03893366










ATF COMMERCIAL LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

 
ATF COMMERCIAL LIMITED
REGISTERED NUMBER: 03893366

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
47,856
30,876

Tangible assets
 5 
176,250
233,689

  
224,106
264,565

Current assets
  

Debtors: amounts falling due within one year
 6 
132,715
140,995

Current asset investments
 7 
442,013
325,173

Cash at bank and in hand
  
787,364
631,279

  
1,362,092
1,097,447

Creditors: amounts falling due within one year
 8 
(218,637)
(156,651)

Net current assets
  
 
 
1,143,455
 
 
940,796

Total assets less current liabilities
  
1,367,561
1,205,361

  

Net assets
  
1,367,561
1,205,361


Capital and reserves
  

Called up share capital 
  
8,800
8,800

Capital redemption reserve
  
2,000
2,000

Profit and loss account
  
1,356,761
1,194,561

  
1,367,561
1,205,361


Page 1

 
ATF COMMERCIAL LIMITED
REGISTERED NUMBER: 03893366
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




N G C Watts
Director

Date: 1 April 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
ATF COMMERCIAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

ATF Commercial Limited is a private company limited by shares and incorporated in England and Wales, registration number 03893366. The registered office is 52 London Road, Harleston, Norfolk, England, IP20 9BZ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 3

 
ATF COMMERCIAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant & machinery
-
20% reducing balance
Motor vehicles
-
25% reducing balance
Office equipment
-
20% reducing balance
Computer equipment
-
20% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are
recognised when paid. Final equity dividends are recognised when approved by the shareholders.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2023 - 6).

Page 4

 
ATF COMMERCIAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Intangible assets




Computer software

£



Cost


At 1 January 2024
30,876


Additions
16,980



At 31 December 2024

47,856






Net book value



At 31 December 2024
47,856



At 31 December 2023
30,876



Page 5

 
ATF COMMERCIAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Tangible fixed assets





Plant & machinery
Motor vehicles
Office equipment
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 January 2024
2,184
286,845
34,599
53,092
376,720


Additions
-
-
331
-
331



At 31 December 2024

2,184
286,845
34,930
53,092
377,051



Depreciation


At 1 January 2024
1,181
66,319
29,476
46,055
143,031


Charge for the year on owned assets
201
55,132
1,030
1,407
57,770



At 31 December 2024

1,382
121,451
30,506
47,462
200,801



Net book value



At 31 December 2024
802
165,394
4,424
5,630
176,250



At 31 December 2023
1,003
220,526
5,123
7,037
233,689


6.


Debtors

2024
2023
£
£


Trade debtors
30,001
8,902

Amounts owed by joint ventures and associated undertakings
449
10,548

Other debtors
-
16,329

Prepayments and accrued income
102,265
105,216

132,715
140,995


Page 6

 
ATF COMMERCIAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Current asset investments

2024
2023
£
£

Cash on deposit
442,013
325,173

442,013
325,173



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
4,770
14,696

Corporation tax
187,690
130,888

Other taxation and social security
22,128
7,787

Other creditors
944
665

Accruals and deferred income
3,105
2,615

218,637
156,651



9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £4,769 (2023 : £4,462). No contributions were payable to the fund at the reporting date.


10.


Transactions with directors

At the year end the directors were owed £944 (2023: £435). This is shown within other creditors. During the year £402,712 was advanced to the directors and £403,969 was repaid in the year. Interest on the loan has been charged totalling £748 (2023: £583) at a rate of 2.25%.  

 
Page 7