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REGISTERED NUMBER: 04171102 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

ATLAS COURIER EXPRESS UK LIMITED

ATLAS COURIER EXPRESS UK LIMITED (REGISTERED NUMBER: 04171102)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ATLAS COURIER EXPRESS UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: N H C Hills
P J Brace
D Rumble
S Hulkes
S D Hills





SECRETARY: N H C Hills





REGISTERED OFFICE: Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA





REGISTERED NUMBER: 04171102 (England and Wales)





ACCOUNTANTS: Segrave & Partners LLP
Chartered Accountants
Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA

ATLAS COURIER EXPRESS UK LIMITED (REGISTERED NUMBER: 04171102)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 6,800 13,600
Tangible assets 5 558,181 431,285
564,981 444,885

CURRENT ASSETS
Debtors 6 1,518,340 1,776,123
Cash at bank 308,531 178,048
1,826,871 1,954,171
CREDITORS
Amounts falling due within one year 7 908,203 1,035,466
NET CURRENT ASSETS 918,668 918,705
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,483,649

1,363,590

CREDITORS
Amounts falling due after more than one
year

8

268,460

167,437
NET ASSETS 1,215,189 1,196,153

CAPITAL AND RESERVES
Called up share capital 107 106
Retained earnings 1,215,082 1,196,047
SHAREHOLDERS' FUNDS 1,215,189 1,196,153

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ATLAS COURIER EXPRESS UK LIMITED (REGISTERED NUMBER: 04171102)

BALANCE SHEET - continued
31 AUGUST 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 May 2025 and were signed on its behalf by:




S D Hills - Director



N H C Hills - Director


ATLAS COURIER EXPRESS UK LIMITED (REGISTERED NUMBER: 04171102)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Atlas Courier Express UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on reducing balance
Equipment - 20% on reducing balance

Taxation
Taxation for the year comprises current 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.

Current or deferred taxation assets and 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 balance sheet date.

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

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

ATLAS COURIER EXPRESS UK LIMITED (REGISTERED NUMBER: 04171102)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Trade debtors
Trade debtors are stated net of advances received from factors. The factored debts are non-recourse subject to debtors adhering to credit limits prescribed by the factors. Therefore, a linked presentation has been adopted.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 46 (2023 - 42 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 136,000
AMORTISATION
At 1 September 2023 122,400
Charge for year 6,800
At 31 August 2024 129,200
NET BOOK VALUE
At 31 August 2024 6,800
At 31 August 2023 13,600

ATLAS COURIER EXPRESS UK LIMITED (REGISTERED NUMBER: 04171102)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

5. TANGIBLE FIXED ASSETS
Motor
vehicles Equipment Totals
£    £    £   
COST
At 1 September 2023 651,662 539,169 1,190,831
Additions 336,329 19,647 355,976
Disposals (154,643 ) - (154,643 )
At 31 August 2024 833,348 558,816 1,392,164
DEPRECIATION
At 1 September 2023 325,508 434,038 759,546
Charge for year 152,787 24,956 177,743
Eliminated on disposal (103,306 ) - (103,306 )
At 31 August 2024 374,989 458,994 833,983
NET BOOK VALUE
At 31 August 2024 458,359 99,822 558,181
At 31 August 2023 326,154 105,131 431,285

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2023 409,864
Additions 319,698
Disposals (89,438 )
At 31 August 2024 640,124
DEPRECIATION
At 1 September 2023 187,098
Charge for year 125,420
Eliminated on disposal (48,653 )
At 31 August 2024 263,865
NET BOOK VALUE
At 31 August 2024 376,259
At 31 August 2023 222,766

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,504,229 1,761,690
Other debtors 4,825 4,825
Prepayments 9,286 9,608
1,518,340 1,776,123

ATLAS COURIER EXPRESS UK LIMITED (REGISTERED NUMBER: 04171102)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

The figure for trade debtors includes factored gross debtors of £1,621,389 less advances received from factors of £117,160 (2023: factored gross debtors of £1,838,679 less advances received from factors of £76,989)

The advances received are secured by a debenture securing all monies due or to become due from Atlas Courier Express UK Limited to the factors.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 165,176 87,444
Trade creditors 596,913 537,397
Tax 48,193 57,248
Social security and other taxes 26,941 25,345
VAT 56,829 306,953
Other creditors 3,876 11,294
Accrued expenses 10,275 9,785
908,203 1,035,466

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 268,460 167,437

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 165,176 87,444
Between one and five years 268,460 167,437
433,636 254,881

Non-cancellable operating leases
2024 2023
£    £   
Within one year 198,450 74,373
Between one and five years 309,141 63,952
507,591 138,325

ATLAS COURIER EXPRESS UK LIMITED (REGISTERED NUMBER: 04171102)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 433,636 254,881

The hire purchase creditors are secured on the company's fixed assets.

11. ULTIMATE CONTROLLING PARTY

The controlling party is ATLAS COURIER EXPRESS (HOLDINGS)LIMITED.