Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-312025-05-15true2023-11-01falseThe principal activity of the company is that of the storage and maintenance of aeroplane engines.1817trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03377264 2023-11-01 2024-10-31 03377264 2022-11-01 2023-10-31 03377264 2024-10-31 03377264 2023-10-31 03377264 c:Director2 2023-11-01 2024-10-31 03377264 d:Buildings d:LongLeaseholdAssets 2023-11-01 2024-10-31 03377264 d:Buildings d:LongLeaseholdAssets 2024-10-31 03377264 d:Buildings d:LongLeaseholdAssets 2023-10-31 03377264 d:PlantMachinery 2023-11-01 2024-10-31 03377264 d:PlantMachinery 2024-10-31 03377264 d:PlantMachinery 2023-10-31 03377264 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 03377264 d:MotorVehicles 2023-11-01 2024-10-31 03377264 d:MotorVehicles 2024-10-31 03377264 d:MotorVehicles 2023-10-31 03377264 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 03377264 d:OfficeEquipment 2023-11-01 2024-10-31 03377264 d:OfficeEquipment 2024-10-31 03377264 d:OfficeEquipment 2023-10-31 03377264 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 03377264 d:ComputerEquipment 2023-11-01 2024-10-31 03377264 d:ComputerEquipment 2024-10-31 03377264 d:ComputerEquipment 2023-10-31 03377264 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 03377264 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 03377264 d:PatentsTrademarksLicencesConcessionsSimilar 2024-10-31 03377264 d:PatentsTrademarksLicencesConcessionsSimilar 2023-10-31 03377264 d:Goodwill 2023-11-01 2024-10-31 03377264 d:Goodwill 2024-10-31 03377264 d:Goodwill 2023-10-31 03377264 d:CurrentFinancialInstruments 2024-10-31 03377264 d:CurrentFinancialInstruments 2023-10-31 03377264 d:Non-currentFinancialInstruments 2024-10-31 03377264 d:Non-currentFinancialInstruments 2023-10-31 03377264 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 03377264 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 03377264 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 03377264 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 03377264 d:ShareCapital 2024-10-31 03377264 d:ShareCapital 2023-10-31 03377264 d:RetainedEarningsAccumulatedLosses 2024-10-31 03377264 d:RetainedEarningsAccumulatedLosses 2023-10-31 03377264 c:FRS102 2023-11-01 2024-10-31 03377264 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 03377264 c:FullAccounts 2023-11-01 2024-10-31 03377264 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 03377264 2 2023-11-01 2024-10-31 03377264 6 2023-11-01 2024-10-31 03377264 d:Goodwill d:OwnedIntangibleAssets 2023-11-01 2024-10-31 03377264 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2023-11-01 2024-10-31 03377264 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Registered number: 03377264










ATC HOLDINGS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
ATC HOLDINGS LIMITED
REGISTERED NUMBER: 03377264

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 5 
4,333
8,333

Tangible assets
 6 
643,585
432,320

Investments
 7 
11,243
11,243

  
659,161
451,896

Current assets
  

Stocks
  
10,000
10,000

Debtors: amounts falling due within one year
 8 
786,751
728,362

Bank and cash balances
  
227,754
333,807

  
1,024,505
1,072,169

Creditors: amounts falling due within one year
 9 
(1,417,647)
(1,151,804)

Net current liabilities
  
 
 
(393,142)
 
 
(79,635)

Total assets less current liabilities
  
266,019
372,261

Creditors: amounts falling due after more than one year
 10 
(41,838)
-

  

Net assets
  
224,181
372,261


Capital and reserves
  

Called up share capital 
  
222
222

Profit and loss account
  
223,959
372,039

  
224,181
372,261


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

Page 1

 
ATC HOLDINGS LIMITED
REGISTERED NUMBER: 03377264
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 May 2025.



J Cook
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
ATC HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

ATC Holdings Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is 14th Floor, 33 Cavendish Square, London, W1G 0PW.
The principal activity of the company is that of the storage and maintenance of aircraft engines.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
ATC HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.3

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Comprehensive Income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Long-term leasehold property
-
10%
straight line
Plant and machinery
-
15%
reducing balance
Office equipment
-
15%
reducing balance
Computer equipment
-
15%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 4

 
ATC HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.
 
Page 5

 
ATC HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)


2.9
Financial instruments (continued)


Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 6

 
ATC HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.12

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.13

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.14

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.15

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

Estimates and judgments are continually evaluated by the directors and are based on historical
experience and other factors, including expectations of future events that are believed to be reasonable
under the circumstances.
The company makes estimates and assumptions concerning the future. Actual results may differ from
these estimates. Revisions to accounting estimates are recognised in the period in which the estimate is
revised where the revision affects only that period, or in the period of the revision and future periods where
the revision affects both current and future periods.
The directors consider there to be no significant areas of judgments or key sources of estimation
uncertainty.


4.


Employees

The average monthly number of employees, including directors, during the year was 18 (2023 - 17).

Page 7

 
ATC HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

5.


Intangible assets




Licences
Goodwill
Total

£
£
£



Cost


At 1 November 2023
71,536
40,000
111,536



At 31 October 2024

71,536
40,000
111,536



Amortisation


At 1 November 2023
71,536
31,667
103,203


Charge for the year on owned assets
-
4,000
4,000



At 31 October 2024

71,536
35,667
107,203



Net book value



At 31 October 2024
-
4,333
4,333



At 31 October 2023
-
8,333
8,333



Page 8
 


 
ATC HOLDINGS LIMITED


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


6.


Tangible fixed assets






Long-term leasehold property
Plant and machinery
Motor vehicles
Office equipment
Computer equipment
Total

£
£
£
£
£
£



Cost or valuation


At 1 November 2023
-
583,716
-
111,038
190,997
885,751


Additions
165,831
69,754
45,686
3,230
-
284,501



At 31 October 2024

165,831
653,470
45,686
114,268
190,997
1,170,252



Depreciation


At 1 November 2023
-
308,077
-
57,681
87,673
453,431


Charge for the year on owned assets
4,146
45,419
1,523
7,672
14,476
73,236



At 31 October 2024

4,146
353,496
1,523
65,353
102,149
526,667



Net book value



At 31 October 2024
161,685
299,974
44,163
48,915
88,848
643,585



At 31 October 2023
-
275,639
-
53,357
103,324
432,320

Page 9
 
ATC HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

7.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 November 2023
11,243



At 31 October 2024
11,243





8.


Debtors

2024
2023
£
£


Trade debtors
202,050
308,989

Other debtors
380,892
284,956

Prepayments and accrued income
203,809
134,417

786,751
728,362



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
338,432
164,801

Amounts owed to group undertakings
467,637
442,785

Other taxation and social security
44,695
40,111

Obligations under finance lease and hire purchase contracts
9,633
-

Other creditors
347,379
350,473

Accruals and deferred income
209,871
153,634

1,417,647
1,151,804


Page 10

 
ATC HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
41,838
-



11.


Related party transactions

At the balance sheet date, the company owes an amount of £467,637 (2023: £442,785) to the parent company.
At the balance sheet date, the company owes an amount of £6,825 (2023: £6,825) to a company in which a director has a material interest.
At the year end an amount of £151,945 (2023: £54,741) was due to the directors.

 
Page 11