Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302025-05-072025-05-272024-06-302025-05-072024-06-302025-05-07false2023-07-01false00falsefalse 05773415 2023-07-01 2024-06-30 05773415 2022-07-01 2023-06-30 05773415 2024-06-30 05773415 2023-06-30 05773415 2022-07-01 05773415 c:Director1 2023-07-01 2024-06-30 05773415 c:RegisteredOffice 2023-07-01 2024-06-30 05773415 d:Buildings 2023-07-01 2024-06-30 05773415 d:PlantMachinery 2023-07-01 2024-06-30 05773415 d:MotorVehicles 2023-07-01 2024-06-30 05773415 d:CurrentFinancialInstruments 2024-06-30 05773415 d:CurrentFinancialInstruments 2023-06-30 05773415 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 05773415 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 05773415 d:ShareCapital 2024-06-30 05773415 d:ShareCapital 2023-06-30 05773415 d:ShareCapital 2022-07-01 05773415 d:SharePremium 2024-06-30 05773415 d:SharePremium 2023-06-30 05773415 d:SharePremium 2022-07-01 05773415 d:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 05773415 d:RetainedEarningsAccumulatedLosses 2024-06-30 05773415 d:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 05773415 d:RetainedEarningsAccumulatedLosses 2023-06-30 05773415 d:RetainedEarningsAccumulatedLosses 2022-07-01 05773415 c:OrdinaryShareClass1 2023-07-01 2024-06-30 05773415 c:OrdinaryShareClass1 2024-06-30 05773415 c:OrdinaryShareClass1 2023-06-30 05773415 c:OrdinaryShareClass2 2023-07-01 2024-06-30 05773415 c:OrdinaryShareClass2 2024-06-30 05773415 c:OrdinaryShareClass2 2023-06-30 05773415 c:OrdinaryShareClass3 2023-07-01 2024-06-30 05773415 c:OrdinaryShareClass3 2024-06-30 05773415 c:OrdinaryShareClass3 2023-06-30 05773415 c:FRS102 2023-07-01 2024-06-30 05773415 c:Audited 2023-07-01 2024-06-30 05773415 c:FullAccounts 2023-07-01 2024-06-30 05773415 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05773415 d:Subsidiary1 2023-07-01 2024-06-30 05773415 d:Subsidiary1 1 2023-07-01 2024-06-30 05773415 d:HirePurchaseContracts d:WithinOneYear 2024-06-30 05773415 d:HirePurchaseContracts d:WithinOneYear 2023-06-30 05773415 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-06-30 05773415 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-06-30 05773415 c:Consolidated 2024-06-30 05773415 c:ConsolidatedGroupCompanyAccounts 2023-07-01 2024-06-30 05773415 2 2023-07-01 2024-06-30 05773415 5 2023-07-01 2024-06-30 05773415 6 2023-07-01 2024-06-30 05773415 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 05773415










AT HOLDINGS LIMITED










ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

 
AT HOLDINGS LIMITED
 
 
COMPANY INFORMATION


Director
Anthony Rhys Thomas 




Registered number
05773415



Registered office
MHA House
Charter Court
Phoenix Way

Swansea

SA7 9FS




Independent auditor
MHA

MHA House

Charter Court

Phoenix Way

Swansea Enterprise Park

SA7 9FS





 
AT HOLDINGS LIMITED
 

CONTENTS



Page
Group Strategic Report
1 - 2
Director's Report
3 - 4
Independent Auditor's Report
5 - 8
Consolidated Profit and Loss Account
9
Consolidated Statement of Comprehensive Income
10
Consolidated Balance Sheet
11 - 12
Company Balance Sheet
13 - 14
Consolidated Statement of Changes in Equity
15
Company Statement of Changes in Equity
16
Consolidated Statement of Cash Flows
17
Consolidated Analysis of Net Debt
18
Notes to the Financial Statements
19 - 37


 
AT HOLDINGS LIMITED
 
 
GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 30 JUNE 2024

Introduction
 
The director presents his strategic report for the company and the group for the year ended 30 June 2024. 

Business review
 
The Group's trading results for the financial year are shown in the Profit and loss account. 
A T Holdings Limited holds investment in subsidiary ASW Property Services Limited. 
 

Established in 1983, ASW Property Services Limited (Formerly A.S. Wellington Building & Maintenance Ltd as an indigenous Welsh company providing specialist construction services delivering a wide range of maintenance and refurbishment services to Local Authority, Housing Association and Private Commercial cilents across the whole of Wales and the South West.
Centrally located in South Wales we provide a national service using locally based people working in partnership with our cilents delivering a wide range of improvement programmes comprising of:
- Reactive Maintenance including 24/7 Emergency Response
- Planned Maintenance works which include kitchen and bathroom refurbishments, plumbing and central
heating installation, electrical installations and upgrades, EWI schemes and external works
- Void Refurbishment works
- Disabled Adaption works
- Facility Management Services
- Other specialist refurbishment and improvement works
We specialise in delivering works to the Welsh Housing Quality Standard to occupied properties using a trained and experienced multi-skilled workforce. Currently 85% of our work is carried out in occupied properties for tenants from a wide range of backgrounds and a diverse range of individual needs. Our workforce, including female carpenters and team leaders are supported by a dedicated, professional team providing customer service and tenant liaison management.
We are fully ISO 9001:2008 Accredited with Acclaim SIPP status and are PAS 2030 accredited for External
Wall Insulation works.

Page 1

 
AT HOLDINGS LIMITED
 

GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024

Principal risks and uncertainties
 
The management of the business and the execution of the group's strategy are subject to a number of risks. The key business risks and uncertainties affecting the group are considered to relate to competition from competitors and employee retention. The group manages these risks by providing value added services to its customers, having fast response times to customers queries and maintaining strong relationships with its customers and employees.
Credit Risks
The group's credit risk is primarily attributable to "amounts recoverable on contracts". The amounts are presented net of allowance for doubtful debts. The credit risk on liquid funds is limited because the counter parties are banks with high credit-ratings assigned by international credit rating agencies. The company has no significant concentration of credit risk with exposure spread over a number of counter parties and customers.
In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations, the group monitors and actively manages its working capital. The group has no bank borrowings and holds sufficient reserves of cash for any likely movement in its requirements for funding working capital. The director will revisit the appropriateness of this policy should the group's operations change in size or nature.
Health and Safety
Safety is a key priority of the group with strenuous efforts made to ensure that contracts are managed in a safe, healthy and environmentally controlled manner. The group is committed to providing high level training to all its managers and employees to ensure health and safety standards are maintained.
Going Concern 
The financial statements have been prepared on a going concern basis which assumes that the group will continue in operational existence for the foreseeable future.
The director has reviewed the balance sheet, the likely future cash flows of the business and has considered the facilities that are in place at the date of signing the report. The group's ability to continue as a going concern is dependent on its providers of working capital, maintaining the existing level of funding on terms and conditions similar to those currently in place.
At the time of approving the financial statements, the director has a reasonable expectation that the group has adequate resources to continue in operational existence for foreseeable future.

Financial key performance indicators
 
The Group's key performance indicators are Turnover and Gross Profit Margin. 

Turnover has increased by 8.3% from the prior year. 

Gross Profit margin has decreased from 13.4% in 2023 to 13% in 2024. 


This report was approved by the board on 7 May 2025 and signed on its behalf.



Anthony Rhys Thomas
Director

Page 2

 
AT HOLDINGS LIMITED
 
 
 
DIRECTOR'S REPORT
FOR THE YEAR ENDED 30 JUNE 2024

The director presents his report and the financial statements for the year ended 30 June 2024.

Director's responsibilities statement

The director is responsible for preparing the Group Strategic Report, the Director's Report and the consolidated financial statements in accordance with applicable law and regulations.
 
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the Company and the Group and of the profit or loss of the Group for that period.

 In preparing these financial statements, the director is required to:


select suitable accounting policies for the Group's financial statements and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and the Group and to enable him to ensure that the financial statements comply with the Companies Act 2006He is also responsible for safeguarding the assets of the Company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Principal activity

The principal activity of the Group in the year under review was that of property maintenance. 

The Company A T Holdings Limited's principal activity is that of a holding company. 

Results and dividends

The profit for the year, after taxation and minority interests, amounted to £287,464 (2023 - £273,696).



Director

The director who served during the year was:

Anthony Rhys Thomas 

Future developments

The director considers the future prospects of the company to be satisfactory. 

Matters covered in the Group Strategic Report

Included in the group's strategic report is a review of the business and a description of the principal risks and uncertainties facing the group. 

Page 3

 
AT HOLDINGS LIMITED
 
 
 
DIRECTOR'S REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024

Disclosure of information to auditor

The director at the time when this Director's Report is approved has confirmed that:
 
so far as he is aware, there is no relevant audit information of which the Company and the Group's auditor is unaware, and

he has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company and the Group's auditor is aware of that information.

Post balance sheet events

There have been no significant events affecting the Group since the year end.

Auditor

The auditor, MHA, previously traded through the legal entity, MacIntyre Hudson LLP. In response to regulatory changes, MacIntyre Hudson LLP ceased to hold an audit registration with the engagement transitioning to MHA Audit Services LLP. 

The auditor, MHAwill be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board and signed on its behalf.
 





Anthony Rhys Thomas
Director

Date: 7 May 2025

Page 4

 
AT HOLDINGS LIMITED
 
 
 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF AT HOLDINGS LIMITED
 

Opinion


We have audited the financial statements of AT HOLDINGS LIMITED (the 'parent Company') and its subsidiaries (the 'Group') for the year ended 30 June 2024, which comprise the Consolidated Profit and Loss Account, the Consolidated Statement of Comprehensive Income, the Consolidated Balance Sheet, the Company Balance Sheet, the Consolidated Statement of Cash Flows, the Consolidated Statement of Changes in Equity, the Company Statement of Changes in Equity and the related notes, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).


In our opinion the financial statements:


give a true and fair view of the state of the Group's and of the parent Company's affairs as at 30 June 2024 and of the Group's profit for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern


In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.


Page 5

 
AT HOLDINGS LIMITED
 
 
 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF AT HOLDINGS LIMITED (CONTINUED)


Other information


The other information comprises the information included in the Annual Report other than the financial statements and our Auditor's Report thereon. The director is responsible for the other information contained within the Annual ReportOur opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.


Opinion on other matters prescribed by the Companies Act 2006
 

In our opinion, based on the work undertaken in the course of the audit:


the information given in the Group Strategic Report and the Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Group Strategic Report and the Director's Report have been prepared in accordance with applicable legal requirements.


Matters on which we are required to report by exception
 

In the light of the knowledge and understanding of the Group and the parent Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Director's Report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept by the parent Company, or returns adequate for our audit have not been received from branches not visited by us; or
the parent Company financial statements are not in agreement with the accounting records and returns; or
certain disclosures of director's remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.


Responsibilities of directors
 

As explained more fully in the Director's Responsibilities Statement set out on page 3, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the director is responsible for assessing the Group's and the parent Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the Group or the parent Company or to cease operations, or have no realistic alternative but to do so.


Page 6

 
AT HOLDINGS LIMITED
 
 
 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF AT HOLDINGS LIMITED (CONTINUED)


Auditor's responsibilities for the audit of the financial statements
 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Group financial statements.


Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
- Enquiry of management and those charged with governance around actual, potential or suspected       litigation, claims, non-compliance with applicable laws and regulations and fraud ; 
- Review of legal and professional fees for evidence of legal work undertaken or or fines/penalties incurred ; - Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness ; 
- Evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias ; 
- Discussions amongst the engagement team in relation to how and where fraud might occur in the financial statements and any potential indicators of fraud ; 
- Enquiries with management over any potential or suspected instances of fraud ; 
- Performing substantive tests of detail over the completeness of income within the financial system ; 
- Reviewing of financial statements disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations. 


Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's Report.


Use of our report
 

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditor's Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.


Page 7

 
AT HOLDINGS LIMITED
 
 
 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF AT HOLDINGS LIMITED (CONTINUED)





Brian Garland BA ACA (Senior Statutory Auditor)
  
for and on behalf of
MHA
 
Statutory Auditor
Swansea, United Kingdom 

MHA is the trading name of MHA Audit Services LLP, a limited liability partnership in England and Wales (registered number OC455542). Date : 27 May 2025
Page 8

 
AT HOLDINGS LIMITED
 
 
CONSOLIDATED PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2024

2024
2023
Note
£
£

  

Turnover
  
21,986,264
20,292,337

Cost of sales
  
(19,103,843)
(17,573,181)

Gross profit
  
2,882,421
2,719,156

Administrative expenses
  
(2,473,678)
(2,393,070)

Operating profit
  
408,743
326,086

Interest receivable and similar income
  
15,723
9,357

Interest payable and similar expenses
  
(12,190)
(16,594)

Profit before tax
  
412,276
318,849

Tax on profit
  
(109,656)
(30,723)

Profit for the financial year
  
302,620
288,126

Profit for the year attributable to:
  

Non-controlling interests
  
15,156
14,430

Owners of the parent
  
287,464
273,696

  
302,620
288,126

There are no items of other comprehensive income for 2024 or 2023 other than the profit for the year

The notes on pages 19 to 37 form part of these financial statements.

Page 9

 
AT HOLDINGS LIMITED
 

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 JUNE 2024

2024
2023
Note
£
£


Profit for the financial year

  

302,620
288,126

Other comprehensive income
  

Total comprehensive income for the year
  
302,620
288,126

Profit for the year attributable to:
  


Non-controlling interest
  
15,156
14,430

Owners of the parent Company
  
287,464
273,696

  
302,620
288,126

Total comprehensive income attributable to:
  


Non-controlling interest
  
15,156
14,430

Owners of the parent Company
  
302,620
288,126

  
317,776
302,556

The notes on pages 19 to 37 form part of these financial statements.

Page 10

 
AT HOLDINGS LIMITED
REGISTERED NUMBER: 05773415

CONSOLIDATED BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 12 
426,900
355,037

  
426,900
355,037

Current assets
  

Stocks
 14 
73,500
67,335

Debtors: amounts falling due within one year
 15 
3,829,408
3,208,731

Current asset investments
  
292,238
292,238

Cash at bank and in hand
 16 
2,507,066
2,908,372

  
6,702,212
6,476,676

Creditors: amounts falling due within one year
 17 
(5,116,919)
(5,056,816)

Net current assets
  
 
 
1,585,293
 
 
1,419,860

Total assets less current liabilities
  
2,012,193
1,774,897

Creditors: amounts falling due after more than one year
 18 
(126,909)
(106,284)

Provisions for liabilities
  

Deferred taxation
 20 
(41,446)
(46,708)

  
 
 
(41,446)
 
 
(46,708)

Net assets excluding pension asset
  
1,843,838
1,621,905

Net assets
  
1,843,838
1,621,905


Capital and reserves
  

Called up share capital 
 21 
24
24

Share premium account
 22 
62,760
62,760

Profit and loss account
 22 
1,660,405
1,453,628

Equity attributable to owners of the parent Company
  
1,723,189
1,516,412

Non-controlling interests
  
120,649
105,493

  
1,843,838
1,621,905


Page 11

 
AT HOLDINGS LIMITED
REGISTERED NUMBER: 05773415
    
CONSOLIDATED BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 May 2025.




Anthony Rhys Thomas
Director

The notes on pages 19 to 37 form part of these financial statements.

Page 12

 
AT HOLDINGS LIMITED
REGISTERED NUMBER: 05773415

COMPANY BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 13 
472,216
472,216

  
472,216
472,216

Current assets
  

Debtors: amounts falling due within one year
 15 
5,375
5,375

Cash at bank and in hand
 16 
2,043,750
1,000,000

  
2,049,125
1,005,375

Creditors: amounts falling due within one year
  
(2,444,744)
(1,414,807)

Net current liabilities
  
 
 
(395,619)
 
 
(409,432)

Total assets less current liabilities
  
76,597
62,784

  

  

Net assets excluding pension asset
  
76,597
62,784

Net assets
  
76,597
62,784


Capital and reserves
  

Called up share capital 
 21 
24
24

Share premium account
 22 
62,760
62,760

Profit for the year
  
82,000
104,208

Other changes in the profit and loss account

  

(68,187)
(104,208)

Profit and loss account carried forward
  
13,813
-

  
76,597
62,784


Page 13

 
AT HOLDINGS LIMITED
REGISTERED NUMBER: 05773415
    
COMPANY BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 May 2025.


Anthony Rhys Thomas
Director

The notes on pages 19 to 37 form part of these financial statements.

Page 14

 
AT HOLDINGS LIMITED
 

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2024


Called up share capital
Share premium account
Profit and loss account
Equity attributable to owners of parent Company
Non-controlling interests

£
£
£
£
£

At 1 July 2023
24
62,760
1,453,628
1,516,412
105,493


Comprehensive income for the year

Profit for the year
-
-
287,464
287,464
15,156

Dividends: Equity capital
-
-
(80,687)
(80,687)
-


At 30 June 2024
24
62,760
1,660,405
1,723,189
120,649


Total equity

£

At 1 July 2023
1,621,905


Comprehensive income for the year

Profit for the year
302,620

Dividends: Equity capital
(80,687)


At 30 June 2024
1,843,838



CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2023


Called up share capital
Share premium account
Profit and loss account
Non-controlling interests
Total equity

£
£
£
£
£

At 1 July 2022
24
62,760
1,284,140
91,063
1,437,987



Profit for the year
-
-
273,696
14,430
288,126

Dividends: Equity capital
-
-
(104,208)
-
(104,208)


At 30 June 2023
24
62,760
1,453,628
105,493
1,621,905


The notes on pages 19 to 37 form part of these financial statements.

Page 15

 
AT HOLDINGS LIMITED
 

COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2024


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£

At 1 July 2023
24
62,760
-
62,784



Profit for the year
-
-
82,000
82,000

Dividends: Equity capital
-
-
(68,187)
(68,187)


At 30 June 2024
24
62,760
13,813
76,597



COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2023


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£

At 1 July 2022
24
62,760
-
62,784



Profit for the year
-
-
104,208
104,208

Dividends: Equity capital
-
-
(104,208)
(104,208)


At 30 June 2023
24
62,760
-
62,784


Page 16

 
AT HOLDINGS LIMITED
 

CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2024

2024
2023
£
£

Cash flows from operating activities

Profit for the financial year
302,620
288,126

Adjustments for:

Depreciation of tangible assets
36,745
161,539

Interest paid
(7,130)
(11,835)

Interest received
(15,723)
(9,357)

(Increase)/decrease in stocks
(6,165)
10,665

(Increase) in debtors
(620,677)
(551,235)

Increase/(decrease) in creditors
87,467
(109,367)

Corporation tax received
9,147
4,953

Net cash generated from operating activities

(213,716)
(216,511)


Cash flows from investing activities

Purchase of tangible fixed assets
(108,608)
(23,056)

Interest received
15,723
9,357

Interest payable
7,130
11,835

Net cash from investing activities

(85,755)
(1,864)

Cash flows from financing activities

New finance leases
143,136
-

Repayment of other loans
(50,000)
(50,000)

Repayment of finance leases
(91,138)
(113,277)

Dividends paid
(80,687)
(104,208)

Net cash used in financing activities
(78,689)
(267,485)

Net (decrease) in cash and cash equivalents
(378,160)
(485,860)

Cash and cash equivalents at beginning of year
2,700,057
3,185,917

Cash and cash equivalents at the end of year
2,321,897
2,700,057


Cash and cash equivalents at the end of year comprise:

Cash at bank and in hand
2,507,066
2,908,372

Bank overdrafts
(185,169)
(208,315)

2,321,897
2,700,057


Page 17

 
AT HOLDINGS LIMITED
 

CONSOLIDATED ANALYSIS OF NET DEBT
FOR THE YEAR ENDED 30 JUNE 2024





At 1 July 2023
Cash flows
New finance leases
At 30 June 2024
£

£

£

£

Cash at bank and in hand

2,908,372

(401,306)

-

2,507,066

Bank overdrafts

(208,315)

23,146

-

(185,169)

Debt due after 1 year

(95,633)

50,000

-

(45,633)

Debt due within 1 year

(108,056)

32,984

-

(75,072)

Finance leases

(39,779)

91,138

(143,136)

(91,777)


2,456,589
(204,038)
(143,136)
2,109,415

The notes on pages 19 to 37 form part of these financial statements.

Page 18

 
AT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

A T Holdings Limited is a private company, limited by shares, registered in England and Wales. 
The company's registered number is 05773415. 
The company's registered office address is as below:
MHA House
Charter Court
Phoenix Way
Swansea Enterprise Park
Swansea
SA7 9FS
The presentation currency of the financial statements is the Pound Sterling (£).
Monetary amounts in these financial statements are rounded to the nearest (£).

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires Group management to exercise judgment in applying the Group's accounting policies (see note 4).

The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Profit and Loss Account in these financial statements.

The following principal accounting policies have been applied:

 
2.2

Basis of consolidation

The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.
The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Balance Sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated Profit and Loss Account from the date on which control is obtained. They are deconsolidated from the date control ceases.
In accordance with the transitional exemption available in FRS 102, the Group has chosen not to retrospectively apply the standard to business combinations that occurred before the date of transition to FRS 102, being 01 April 2014.

Page 19

 
AT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.3

Going concern

The financial statements have been prepared on a going concern basis which assumes that the group will continue in operational existence for the foreseeable future. 
The director has reviewed the balance sheet, the likely future cash flows of the business and has considered the facilities that are in place at the date of signing the report. The group’s ability to continue as a going concern is dependent on its providers of working capital, maintaining the existing level of funding on terms and conditions similar to those currently in place.
At the time of approving the financial statements, the director has a reasonable expectation that the group has adequate resources to continue in operational existence for foreseeable future.


3.


Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. 

 
3.1

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Group 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:

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 Group 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.

Revenue from contracts for the provision of services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable. 

Page 20

 
AT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
3.2

Operating leases: the Group 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.

 
3.3

Leased assets: the Group as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
3.4

Interest income

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

 
3.5

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.

 
3.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
3.7

Pensions

Defined contribution pension plan

The Group operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Group pays fixed contributions into a separate entity. Once the contributions have been paid the Group 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 Group in independently administered funds.

Page 21

 
AT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

  
3.8

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. 
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. 
Termination benefits are recognised immediately as an expense when the group is demonstrably committed to terminate the employment of an employee or to provide termination benefits

 
3.9

Current and deferred taxation

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

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company and the Group operate and generate income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits;
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and
Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the Group can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
3.10

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.

Page 22

 
AT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


3.10
Tangible fixed assets (continued)

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:

Freehold property
-
2%
on cost
Plant and machinery
-
25%
on reducing balance
Motor vehicles
-
25%
on 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.

 
3.11

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
3.12

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
3.13

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 first in, first out 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.

 
3.14

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.

Page 23

 
AT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
3.15

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

In the Consolidated Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Group's cash management.

 
3.16

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.

 
3.17

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.



 
3.18

Financial instruments


The Group 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 Group's Balance Sheet when the Group becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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 Group's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
Page 24

 
AT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


3.18
Financial instruments (continued)


Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

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 Group after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans, other loans and loans due to fellow group companies 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.

Enter text here - user input

  
3.19

Equity instruments

Equity investments are measured at fair value through profit or loss, except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available. 

Page 25

 
AT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
3.20

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


4.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the group's accounting policies, the director is required to make judgments, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. 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 period where the revision affects both current and future periods.


5.


Turnover

An analysis of turnover by class of business is as follows:


2024
2023
£
£

Property maintenance services
21,986,264
20,292,337

21,986,264
20,292,337


Analysis of turnover by country of destination:

2024
2023
£
£

United Kingdom
21,986,264
20,292,337

21,986,264
20,292,337


Page 26

 
AT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Operating profit

The operating profit is stated after charging:

2024
2023
£
£

Hire and leasing equipment
229,543
499,330

Depreciation
36,745
161,538

Auditors' remuneration
13,000
9,500


7.

Employees

Staff costs, including director's remuneration, were as follows: 

2024
2023
        £
        £
Wages and salaries

4,169,717

3,514,477
 
Social security costs

305,863

334,971
 
Costs of defined contribution scheme

137,179

65,544
 

4,612,759

3,914,992
 

The average monthly number of employees, including director, during the year was 134 (2023 - 111).  


8.

Director's remuneration

2024
2023
        £
        £
Director's emoluments

9,516

9,699
 
Contributions to defined contribution pension schemes

60,000

-
 

69,516

9,699
 

During the year retirement benefits were accruing to 1 director (2023 - NIL) in respect of defined contribution pension schemes. 


9.


Interest receivable

2024
2023
£
£


Other interest receivable
15,723
9,357

15,723
9,357

Page 27

 
AT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

10.


Interest payable and similar expenses

2024
2023
£
£


Other loan interest payable
7,130
11,835

Finance leases and hire purchase contracts
5,060
4,759

12,190
16,594


11.


Taxation


2024
2023
£
£



Current and deferred tax on profits for the year
109,582
30,723

Adjustments in respect of previous periods
74
-


109,656
30,723


Total current and deferred tax
109,656
30,723
Page 28

 
AT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
 
11.Taxation (continued)


Factors affecting tax charge for the year

The tax assessed for the year is higher than (2023 - higher than) the standard rate of corporation tax in the UK of 25% (2023 - 25%). The differences are explained below:

2024
2023
£
£


Profit on ordinary activities before tax
412,276
318,849


Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2023 - 20.5 %)
105,569
65,364

Effects of:


Expenses not deductible for tax purposes, other than goodwill amortisation and impairment
6,236
628

Capital allowances for year in excess of depreciation
277
13,004

Adjustments to tax charge in respect of prior periods
74
-

Adjustment in research and development tax credit leading to an increase (decrease) in the tax charge
-
(35,200)

Other differences leading to an increase (decrease) in the tax charge
(2,500)
(13,073)

Total tax charge for the year
109,656
30,723


Factors that may affect future tax charges

There were no factors that may affect future tax charges. 

Page 29

 
AT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

12.


Tangible fixed assets

Group






Freehold property
Plant and machinery
Motor vehicles
Total

£
£
£
£



Cost or valuation


At 1 July 2023
150,000
218,791
1,092,701
1,461,492


Additions
-
-
108,608
108,608



At 30 June 2024

150,000
218,791
1,201,309
1,570,100



Depreciation


At 1 July 2023
35,494
167,672
903,289
1,106,455


Charge for the year
1,106
12,710
22,929
36,745



At 30 June 2024

36,600
180,382
926,218
1,143,200



Net book value



At 30 June 2024
113,400
38,409
275,091
426,900



At 30 June 2023
114,506
51,119
189,412
355,037




The net book value of land and buildings may be further analysed as follows:


2024
2023
£
£

Freehold
113,400
114,506

113,400
114,506


Page 30

 
AT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

13.


Fixed asset investments

Company





Investments in subsidiary companies

£



Cost or valuation


At 1 July 2023
472,216



At 30 June 2024
472,216





Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Principal activity

Class of shares

Holding

ASW Property Services Limited
Property Maintenance
Ordinary
95%

Page 31

 
AT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
Subsidiary undertaking (continued)

The aggregate of the share capital and reserves as at 30 June 2024 and the profit or loss for the year ended on that date for the subsidiary undertaking were as follows:

Name
Aggregate of share capital and reserves
Profit/(Loss)

ASW Property Services Limited
2,239,456
302,620

Page 32

 
AT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

14.


Stocks

Group
Group
2024
2023
£
£

Consumables
73,500
67,335

73,500
67,335



15.


Debtors

Group
Group
Company
Company
2024
2023
2024
2023
£
£
£
£


Trade debtors
2,026,760
1,989,488
-
-

Amounts owed by related parties
7,315
-
-
-

Other debtors
91,721
66,064
5,375
5,375

Prepayments and accrued income
17,269
18,895
-
-

Amounts recoverable on long-term contracts
1,686,343
1,134,284
-
-

3,829,408
3,208,731
5,375
5,375



16.


Cash and cash equivalents

Group
Group
Company
Company
2024
2023
2024
2023
£
£
£
£

Cash at bank and in hand
2,507,066
2,908,372
2,043,750
1,000,000

Less: bank overdrafts
(185,169)
(208,315)
-
-

2,321,897
2,700,057
2,043,750
1,000,000


Page 33

 
AT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

17.


Creditors: Amounts falling due within one year

Group
Group
Company
Company
2024
2023
2024
2023
£
£
£
£

Bank overdrafts
185,169
208,315
-
-

Other loans
50,000
50,000
-
-

Trade creditors
2,125,615
2,384,775
-
-

Amounts owed to group undertakings
-
-
2,440,994
1,414,807

Amounts owed to related parties
12,040
48,089
-
-

Corporation tax
138,794
124,385
-
-

Other taxation and social security
737,419
720,193
-
-

Obligations under finance lease and hire purchase contracts
10,501
29,128
-
-

Other creditors
577,735
325,567
3,750
-

Accruals and deferred income
1,279,646
1,166,364
-
-

5,116,919
5,056,816
2,444,744
1,414,807



18.


Creditors: Amounts falling due after more than one year

Group
Group
2024
2023
£
£

Other loans
45,633
95,633

Net obligations under finance leases and hire purchase contracts
81,276
10,651

126,909
106,284



The following liabilities were secured:
Group
Group
2024
2023
£
£


Hire purchase contracts
91,777
39,779

91,777
39,779

Details of security provided:

Obligations under hire purchase contracts are secured on the assets to which they relate. 



Page 34

 
AT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

19.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
10,501
29,128

Between 1-5 years
81,276
10,651

91,777
39,779


20.


Deferred taxation


Group





2024


£






At beginning of year
(46,708)


Charged to profit or loss
5,262



At end of year
(41,446)

Page 35

 
AT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
 
20.Deferred taxation (continued)

Company




2024






At end of year
-
The provision for deferred taxation is made up as follows:

Group
Group
2024
2023
£
£

Accelerated capital allowances
(41,446)
(46,708)

(41,446)
(46,708)

Page 36

 
AT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

21.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary- A share of £0.10
-
-
1 (2023 - 1) Ordinary- B share of £0.10
-
-
241 (2023 - 241) Ordinary shares of £0.10 each
24
24

24

24



22.


Reserves

Profit and loss account

Retained earnings includes all current and prior period retained profit and losses. 


23.


Pension commitments

The subsidiary company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from thse of the subsidiary company in an independently administered fund. The pension cost charge represents contributions payable by the subsidiary company to the fund amounting to £137,179 (2023: £65,544). £7,579 (2023: £6,249) contributions were outstanding at the statement of financial position date.


24.


Controlling party

The ultimate controlling party is A R Thomas. 

 
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