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REGISTERED NUMBER: 08818043 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 DECEMBER 2024

FOR

ATLAS REFURB + REPAIR LIMITED

ATLAS REFURB + REPAIR LIMITED (REGISTERED NUMBER: 08818043)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ATLAS REFURB + REPAIR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 DECEMBER 2024







DIRECTORS: L D Ricketts
C Fowler
Miss A C Clarke





REGISTERED OFFICE: Units 8 & 9
Etruria Way
Bilston
West Midlands
WV14 7LH





REGISTERED NUMBER: 08818043 (England and Wales)





ACCOUNTANTS: P B Syddall & Co
Chartered Accountants
Grafton House
81 Chorley Old Road
Bolton
Lancashire
BL1 3AJ

ATLAS REFURB + REPAIR LIMITED (REGISTERED NUMBER: 08818043)

BALANCE SHEET
29 DECEMBER 2024

29.12.24 29.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 14,589 14,970

CURRENT ASSETS
Stocks 47,200 47,200
Debtors 6 201,565 143,987
Prepayments and accrued income 8,526 8,528
Cash at bank 89,771 60,101
347,062 259,816
CREDITORS
Amounts falling due within one year 7 203,497 198,916
NET CURRENT ASSETS 143,565 60,900
TOTAL ASSETS LESS CURRENT
LIABILITIES

158,154

75,870

CREDITORS
Amounts falling due after more than one
year

8

(87,083

)

(92,500

)

PROVISIONS FOR LIABILITIES (2,772 ) (2,845 )
NET ASSETS/(LIABILITIES) 68,299 (19,475 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 68,199 (19,575 )
SHAREHOLDERS' FUNDS 68,299 (19,475 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 December 2024 in accordance with Section 476 of the Companies Act 2006.

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

ATLAS REFURB + REPAIR LIMITED (REGISTERED NUMBER: 08818043)

BALANCE SHEET - continued
29 DECEMBER 2024


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2025 and were signed on its behalf by:





L D Ricketts - Director


ATLAS REFURB + REPAIR LIMITED (REGISTERED NUMBER: 08818043)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 DECEMBER 2024

1. STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Office equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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

ATLAS REFURB + REPAIR LIMITED (REGISTERED NUMBER: 08818043)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 DECEMBER 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

5. TANGIBLE FIXED ASSETS
Plant and Office
machinery equipment Totals
£    £    £   
COST
At 30 December 2023 6,233 32,110 38,343
Additions 2,850 416 3,266
At 29 December 2024 9,083 32,526 41,609
DEPRECIATION
At 30 December 2023 5,214 18,159 23,373
Charge for year 774 2,873 3,647
At 29 December 2024 5,988 21,032 27,020
NET BOOK VALUE
At 29 December 2024 3,095 11,494 14,589
At 29 December 2023 1,019 13,951 14,970

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.12.24 29.12.23
£    £   
Trade debtors 201,565 143,987

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.12.24 29.12.23
£    £   
Trade creditors 87,277 126,032
Credit card 1,131 772
Tax 17,941 -
Social security and other taxes 4,759 3,962
VAT 5,844 14,798
Directors current account 81,792 48,306
Accrued expenses 4,753 5,046
203,497 198,916

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.12.24 29.12.23
£    £   
Bank loans more 5 yr by instal 32,083 37,500
Directors' loan accounts 55,000 55,000
87,083 92,500

ATLAS REFURB + REPAIR LIMITED (REGISTERED NUMBER: 08818043)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 DECEMBER 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
29.12.24 29.12.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 32,083 37,500

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £30,000 were paid to the directors .

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is L D Ricketts.