Registered number
13485859
ATES INTERNATIONAL LIMITED
Filleted Accounts
30 June 2024
ATES INTERNATIONAL LIMITED
Registered number: 13485859
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 34,987 -
Current assets
Stocks 48,385 14,500
Cash at bank and in hand 3,983 662
52,368 15,162
Creditors: amounts falling due within one year 4 (87,318) (15,889)
Net current liabilities (34,950) (727)
Net assets/(liabilities) 37 (727)
Capital and reserves
Called up share capital 100 100
Profit and loss account (63) (827)
Shareholder's funds 37 (727)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Halil Ates
Director
Approved by the board on 15 April 2025
ATES INTERNATIONAL LIMITED
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 43,734
At 30 June 2024 43,734
Depreciation
Charge for the year 8,747
At 30 June 2024 8,747
Net book value
At 30 June 2024 34,987
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 2,000 1,000
Amounts owed to group undertakings and undertakings in which the company has a participating interest 30,460 9,570
Taxation and social security costs 887 -
Other creditors 53,971 5,319
87,318 15,889
5 Other information
ATES INTERNATIONAL LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
70 London Road
Grays
Essex
UK
RM17 5YB
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