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Atmos Construct Ltd

Annual Report and Unaudited Financial Statements

for the Period from 25 May 2024 to 31 March 2025

Registration number: 15740346

 

Atmos Construct Ltd

Contents

Statement of financial position

1

Notes to the Unaudited Financial Statements

2 to 5

 

Atmos Construct Ltd

(Registration number: 15740346)
Statement of financial position as at 31 March 2025

Note

2025
£

Fixed assets

 

Tangible assets

4

5,113

Current assets

 

Stocks

5

46,166

Debtors

6

8,389

Cash at bank and in hand

 

127,148

 

181,703

Creditors: Amounts falling due within one year

7

(90,339)

Net current assets

 

91,364

Total assets less current liabilities

 

96,477

Provisions for liabilities

(971)

Net assets

 

95,506

Capital and reserves

 

Called up share capital

8

2

Retained earnings

95,504

Shareholders' funds

 

95,506

For the financial period ending 31 March 2025 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 accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 16 April 2025 and signed on its behalf by:
 

.........................................
Mr S Wilkinson
Director

 

Atmos Construct Ltd

Notes to the Unaudited Financial Statements for the Period from 25 May 2024 to 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
20 Wenlock Road
London
N1 7GU

These financial statements were authorised for issue by the Board on 16 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Atmos Construct Ltd

Notes to the Unaudited Financial Statements for the Period from 25 May 2024 to 31 March 2025

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 3.

 

Atmos Construct Ltd

Notes to the Unaudited Financial Statements for the Period from 25 May 2024 to 31 March 2025

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

5,734

5,734

At 31 March 2025

5,734

5,734

Depreciation

Charge for the period

621

621

At 31 March 2025

621

621

Carrying amount

At 31 March 2025

5,113

5,113

5

Stocks

2025
£

Work in progress

46,166

6

Debtors

Current

2025
£

Prepayments

4,531

Other debtors

3,858

 

8,389

 

Atmos Construct Ltd

Notes to the Unaudited Financial Statements for the Period from 25 May 2024 to 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

Note

2025
£

Due within one year

 

Trade creditors

 

19,018

Amounts owed to group undertakings and undertakings in which the company has a participating interest

2,710

Taxation and social security

 

49,787

Accruals and deferred income

 

3,000

Other creditors

 

15,824

 

90,339

8

Share capital

Allotted, called up and fully paid shares

2025

No.

£

Ordinary of £1 each

2

2