ATLANTIS BOOKSHOP LIMITED - Filleted accounts

Registered number

03090701

ATLANTIS BOOKSHOP LIMITED

Unaudited Filleted Accounts

31 March 2025

ATLANTIS BOOKSHOP LIMITED
Registered number:		03090701
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		10,911			7,896

Current assets
Stocks		38,700			37,394
Debtors	4	13,284			5,250
Cash at bank and in hand		36,937			58,985
		88,921			101,629

Creditors: amounts falling due within one year	5	(37,080)			(23,229)

Net current assets			51,841			78,400

Total assets less current liabilities			62,752			86,296

Creditors: amounts falling due after more than one year	6		(176,098)			(196,992)



Net liabilities			(113,346)			(110,696)

Capital and reserves
Called up share capital			1,000			1,000
Profit and loss account			(114,346)			(111,696)

Shareholders' funds			(113,346)			(110,696)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Geraldine Beskin			Bali Beskin
Director			Director

Approved by the board on 21 July 2025

ATLANTIS BOOKSHOP LIMITED
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods, recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	15% p.a. on reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


1	Accounting policies (continued)

	Going concern
	At the balance sheet date, the company's liabilities exceeded its assets. The directors and shareholders have undertaken that they will continue to give financial support to the company for at least twelve months from the date of signing these accounts. The Directors therefore consider it appropriate to prepare the accounts on a going concern basis.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		2		3


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 April 2024				29,224
	Additions				4,941
	At 31 March 2025				34,165

	Depreciation
	At 1 April 2024				21,328
	Charge for the year				1,926
	At 31 March 2025				23,254

	Net book value
	At 31 March 2025				10,911
	At 31 March 2024				7,896


4	Debtors		2025		2024
£				£

	Other debtors		13,284		5,250


5	Creditors: amounts falling due within one year		2025		2024
£				£

	Bank loans and overdrafts		6,390		5,541
	Trade creditors		23,326		10,465
	Taxation and social security costs		2,855		1,215
	Other creditors		4,509		6,008
			37,080		23,229


6	Creditors: amounts falling due after one year		2025		2024
£				£

	Bank loans		4,400		12,031
	Other creditors		171,698		184,961
			176,098		196,992


7	Loans		2025		2024
£				£
	Creditors include:

	Secured bank loans		10,790		17,572

	The loan repesents a standard bank "Bounce Back Loan" secured by government guarantee, with interest at 2.5%, and repayable over 6 years with no interest or capital repayments in first 12 months.


8	Related party transactions

	Other creditors falling due after more than one year represents a loan from the directors which is unsecured, interest-free and with no fixed repayment date.


9	Other information

	ATLANTIS BOOKSHOP LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	49A Museum Street
	London
	WC1A 1LY