Company No: 11888254 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Intangible assets	3	1		1
Investments	4	0		100
		1		101
Current assets
Stocks	5	0		4,643
Debtors	6	54,781		108,423
Cash at bank and in hand		93,788		17,079
		148,569		130,145
Creditors: amounts falling due within one year	7	( 71,938)		( 121,448)
Net current assets		76,631		8,697
Total assets less current liabilities		76,632		8,798
Net assets		76,632		8,798
Capital and reserves
Called-up share capital		1		1
Profit and loss account		76,631		8,797
Total shareholder's funds		76,632		8,798

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of ATL Europe (UK) Limited (registered number: 11888254) were approved and authorised for issue by the Board of Directors on 22 April 2025. They were signed on its behalf by:

P Burden Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

ATL Europe (UK) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Building 307 Aviation Park West, Bournemouth Airport, Christchurch, BH23 6NW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts. Income is recognised on a percentage of completion basis.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

not amortised

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Work in progress

Work in progress is measured at sales value based on the percentage of completion.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	4		7

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 January 2024	1		1
At 31 December 2024	1		1
Accumulated amortisation
At 01 January 2024	0		0
At 31 December 2024	0		0
Net book value
At 31 December 2024	1		1
At 31 December 2023	1		1

4. Fixed asset investments

Investments in subsidiaries

	2024
	£
Cost
At 01 January 2024	100
Disposals	( 100)
At 31 December 2024	0
Carrying value at 31 December 2024	0
Carrying value at 31 December 2023	100

5. Stocks

	2024		2023
	£		£
Work in progress	0		4,643

6. Debtors

	2024		2023
	£		£
Trade debtors	23,341		20,680
Amounts owed by Group undertakings	579		66,282
Other debtors	30,861		21,461
	54,781		108,423

7. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	34,257		20,198
Amounts owed to Group undertakings	0		84,371
Other taxation and social security	8,639		10,061
Other creditors	29,042		6,818
	71,938		121,448

8. Ultimate controlling party

Parent Company:

Kiwi Holdings Ltd