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Company registration number: 02223221

Atlas Industrial Removals Limited

Filleted Annual Report and Financial Statements

for the Year Ended 31 January 2025

 

Atlas Industrial Removals Limited

Contents

Balance Sheet

1

Notes to the Financial Statements

2 to 6

 

Atlas Industrial Removals Limited

(Registration number: 02223221)
Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

184,035

181,304

Current assets

 

Stocks

5

30,610

3,500

Debtors

6

3,431,538

3,517,243

Cash at bank and in hand

 

931,644

471,162

 

4,393,792

3,991,905

Creditors: Amounts falling due within one year

7

(264,555)

(234,099)

Net current assets

 

4,129,237

3,757,806

Total assets less current liabilities

 

4,313,272

3,939,110

Provisions for liabilities

 

Deferred tax liabilities

 

(42,088)

(41,154)

Net assets

 

4,271,184

3,897,956

Capital and reserves

 

Called up share capital

1,002

1,002

Profit and loss account

4,270,182

3,896,954

Total equity

 

4,271,184

3,897,956

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The option not to file the profit and loss account and directors’ report has been taken.

Approved and authorised by the Board on 18 July 2025 and signed on its behalf by:
 


J P D Mclellan
Company secretary and director

   
 

Atlas Industrial Removals Limited

Notes to the Financial Statements
for the Year Ended 31 January 2025

1

General information

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

The address of its registered office is:
1 Rockingham Park
Smoke Lane
Avonmouth
BRISTOL
BS11 0FJ

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

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

Basis of preparation

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

These financial statements are presented in Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis.

Turnover recognition

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

Turnover is recognised as work is carried out by the company.

Tax

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

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

 

Atlas Industrial Removals Limited

Notes to the Financial Statements
for the Year Ended 31 January 2025

Deferred tax is recognised on timing differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated at cost, less accumulated depreciation and accumulated impairment losses.

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

Depreciation of tangible assets

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

Asset class

Depreciation method and rate

Plant and machinery

10% reducing balance

Fixtures and fittings

20% straight line

Motor vehicles

20% straight line

Cash and cash equivalents

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

Debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition.

 

Atlas Industrial Removals Limited

Notes to the Financial Statements
for the Year Ended 31 January 2025

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

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

Defined contribution pension obligation

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 payments obligations.

The contributions are recognised as an expense in the profit and loss account 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

Staff numbers

The average number of persons employed by the company (including directors) during the year was 13 (2024 - 15).

 

Atlas Industrial Removals Limited

Notes to the Financial Statements
for the Year Ended 31 January 2025

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Plant and machinery
 £

Total
£

Cost or valuation

At 1 February 2024

10,670

276,817

59,310

346,797

Additions

-

60,283

-

60,283

Disposals

-

(15,880)

-

(15,880)

At 31 January 2025

10,670

321,220

59,310

391,200

Depreciation

At 1 February 2024

10,070

128,311

27,112

165,493

Charge for the year

256

53,708

3,217

57,181

Eliminated on disposal

-

(15,509)

-

(15,509)

At 31 January 2025

10,326

166,510

30,329

207,165

Carrying amount

At 31 January 2025

344

154,710

28,981

184,035

At 31 January 2024

600

148,506

32,198

181,304

5

Stocks

2025
£

2024
£

Work in progress

30,610

3,500

6

Debtors

Current

2025
£

2024
£

Trade debtors

328,514

285,200

Amounts owed by group undertakings

3,097,543

3,209,330

Prepayments

5,481

22,713

 

3,431,538

3,517,243

 

Atlas Industrial Removals Limited

Notes to the Financial Statements
for the Year Ended 31 January 2025

7

Creditors

2025
£

2024
£

Due within one year

Trade creditors

117,018

100,851

Taxation and social security

111,316

95,392

Accruals and deferred income

31,243

35,667

Other creditors

4,978

2,189

264,555

234,099

8

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £62,847 (2024 - £91,803).

9

Related party transactions

Summary of transactions with parent

The company has taken advantage of the exemption in FRS 102 paragraph 33.1A from disclosing transactions with its parent company.

10

Parent and ultimate parent undertaking

The company's immediate parent is King Lifting Limited, incorporated in England and Wales. The entire share capital of the company was acquired by King Lifting Limited on 28 February 2023.

 The most senior parent entity producing publicly available financial statements is King Lifting Limited. These financial statements are available upon request from Companies House.

 The ultimate controlling party is R W King.

11

Audit Report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 24 July 2025 was Christopher Walford ACA, who signed for and on behalf of Albert Goodman LLP.