Acorah Software Products - Accounts Production 16.2.850 false true 31 October 2024 1 November 2023 false 1 November 2024 28 February 2025 28 February 2025 07799651 Mr Paul Metcalfe Mr Alistair McHardy iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07799651 2024-10-31 07799651 2025-02-28 07799651 2024-11-01 2025-02-28 07799651 frs-core:CurrentFinancialInstruments 2025-02-28 07799651 frs-core:Non-currentFinancialInstruments 2025-02-28 07799651 frs-core:NetGoodwill 2025-02-28 07799651 frs-core:NetGoodwill 2024-11-01 2025-02-28 07799651 frs-core:NetGoodwill 2024-10-31 07799651 frs-core:PlantMachinery 2025-02-28 07799651 frs-core:PlantMachinery 2024-11-01 2025-02-28 07799651 frs-core:PlantMachinery 2024-10-31 07799651 frs-core:ShareCapital 2025-02-28 07799651 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 07799651 frs-bus:PrivateLimitedCompanyLtd 2024-11-01 2025-02-28 07799651 frs-bus:FilletedAccounts 2024-11-01 2025-02-28 07799651 frs-bus:SmallEntities 2024-11-01 2025-02-28 07799651 frs-bus:AuditExempt-NoAccountantsReport 2024-11-01 2025-02-28 07799651 frs-bus:SmallCompaniesRegimeForAccounts 2024-11-01 2025-02-28 07799651 frs-bus:Director1 2024-11-01 2025-02-28 07799651 frs-bus:Director2 2024-11-01 2025-02-28 07799651 frs-countries:EnglandWales 2024-11-01 2025-02-28 07799651 2023-10-31 07799651 2024-10-31 07799651 2023-11-01 2024-10-31 07799651 frs-core:CurrentFinancialInstruments 2024-10-31 07799651 frs-core:Non-currentFinancialInstruments 2024-10-31 07799651 frs-core:ShareCapital 2024-10-31 07799651 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31
Registered number: 07799651
Atmosphere Electric Bikes Ltd
Unaudited Financial Statements
For the Period 1 November 2024 to 28 February 2025
Anthony Smith and Co. Ltd
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 07799651
28 February 2025 31 October 2024
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Stocks 6 - 23,787
Cash at bank and in hand 349 349
349 24,136
Creditors: Amounts Falling Due Within One Year 8 (39,265 ) (38,249 )
NET CURRENT ASSETS (LIABILITIES) (38,916 ) (14,113 )
TOTAL ASSETS LESS CURRENT LIABILITIES (38,916 ) (14,113 )
Creditors: Amounts Falling Due After More Than One Year 9 - (4,400 )
NET LIABILITIES (38,916 ) (18,513 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (39,016 ) (18,613 )
SHAREHOLDERS' FUNDS (38,916) (18,513)
For the period ending 28 February 2025 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Alistair McHardy
Director
13/05/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Atmosphere Electric Bikes Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07799651 . The registered office is 137 St Georges Road , Bristol , BS1 5UW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of ... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery At an appropriate rate of depreciation.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2 (2024: 3)
2 3
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2024 82,585
As at 28 February 2025 82,585
Amortisation
As at 1 November 2024 82,585
As at 28 February 2025 82,585
...CONTINUED
Page 2
Page 3
Net Book Value
As at 28 February 2025 -
As at 1 November 2024 -
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 November 2024 8,030
As at 28 February 2025 8,030
Depreciation
As at 1 November 2024 8,030
As at 28 February 2025 8,030
Net Book Value
As at 28 February 2025 -
As at 1 November 2024 -
6. Stocks
28 February 2025 31 October 2024
£ £
Stock - 23,787
7. Debtors
28 February 2025 31 October 2024
£ £
Due within one year
8. Creditors: Amounts Falling Due Within One Year
28 February 2025 31 October 2024
£ £
Corporation tax 537 537
VAT 2,890 2,890
Other creditors 8,100 8,100
Directors' loan accounts 27,738 26,722
39,265 38,249
Page 3
Page 4
9. Creditors: Amounts Falling Due After More Than One Year
28 February 2025 31 October 2024
£ £
Other loans - 4,400
10. Share Capital
28 February 2025 31 October 2024
£ £
Allotted, Called up and fully paid 100 100
Page 4