Company registration number 07130716 (England and Wales)
ATAMATE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
ATAMATE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
ATAMATE LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,696
2,739
Current assets
Stocks
4
96,985
126,525
Debtors
5
161,344
127,834
Cash at bank and in hand
669
3,915
258,998
258,274
Creditors: amounts falling due within one year
6
(4,681,669)
(4,084,724)
Net current liabilities
(4,422,671)
(3,826,450)
Total assets less current liabilities
(4,420,975)
(3,823,711)
Provisions for liabilities
(424)
(520)
Net liabilities
(4,421,399)
(3,824,231)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(4,421,400)
(3,824,232)
Total equity
(4,421,399)
(3,824,231)

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 14 April 2025 and are signed on its behalf by:
Mr Joe Miles
Director
Company registration number 07130716 (England and Wales)
ATAMATE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

Atamate Limited is a private company limited by shares incorporated in England and Wales. The registered office is Shotover Hill Headington Oxford, Oxford, Oxfordshire, OX3 8TB.

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 £.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

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.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

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:

Computers
33% Straight Line
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

ATAMATE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 3 -
1.6
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

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.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.8
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

Government grants relating to turnover are recognised as income over the periods when the related costs are incurred. Grants relating to an asset are recognised in income systematically over the asset's expected useful life. If part of such a grant is deferred it is recognised as deferred income rather than being deducted from the asset's carrying amount.

2
Employees

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

2024
2023
Number
Number
Total
18
16
ATAMATE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
3
Tangible fixed assets
Computers
£
Cost
At 1 January 2024
8,209
Additions
782
At 31 December 2024
8,991
Depreciation and impairment
At 1 January 2024
5,470
Depreciation charged in the year
1,825
At 31 December 2024
7,295
Carrying amount
At 31 December 2024
1,696
At 31 December 2023
2,739
4
Stocks
2024
2023
£
£
Stocks
96,985
126,525
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
146,569
111,744
Other debtors
2,400
3,400
Prepayments and accrued income
7,839
8,154
156,808
123,298
2024
2023
Amounts falling due after more than one year:
£
£
Other debtors
4,536
4,536
Total debtors
161,344
127,834
ATAMATE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
125
-
0
Trade creditors
48,032
29,705
Taxation and social security
244,365
58,075
Other creditors
4,389,147
3,996,944
4,681,669
4,084,724
7
Related party transactions

Shotover Technologies Limited owns 100% of the share capital of the company. At the balance sheet date a loan to ShotoverTechnologies Limited of £4,274,466 (2023: £3,865,916) was outstanding. The loan is repayable on demand and no interest is charged.

 

Atamate Limited owns 100% of the share capital of Atamate Solutions Limited (formally Atamate Consulting Limited). At the balance sheet date, a loan to Atamate Solutions Ltd of £42,926 (2023: £55,276) was outstanding. The loan is repayable on demand and no interest is charged.

 

8
Ultimate Controlling Party

The company's ultimate controlling party is Shotover Technologies Limited by virtue of its ownership of 100% of the issued share capital in the company.

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