Company No: 12470000 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	H D Seale
	Harry Dempster Seale

REGISTERED OFFICE	Treviot House
	186-192 High Road
	Ilford
	IG1 1LR
	United Kingdom

COMPANY NUMBER

12470000 (England and Wales)

ACCOUNTANT	Gravita Essex Limited
	Treviot House
	186-192 High Road
	Ilford
	Essex
	IG1 1LR
	United Kingdom

	Note	30.09.2024		30.09.2023
		£		£
Fixed assets
Tangible assets	3	83,343		18,000
Investments	4	0		250
		83,343		18,250
Current assets
Debtors	5	1,586,398		1,508,869
Cash at bank and in hand		7,704		100
		1,594,102		1,508,969
Creditors: amounts falling due within one year	6	( 1,618,663)		( 1,512,030)
Net current liabilities		(24,561)		(3,061)
Total assets less current liabilities		58,782		15,189
Net assets		58,782		15,189
Capital and reserves
Called-up share capital		100		100
Profit and loss account		58,682		15,089
Total shareholders' funds		58,782		15,189

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have 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 Atlas Commodities Holdings Ltd (registered number: 12470000) were approved and authorised for issue by the Board of Directors on 16 April 2025. They were signed on its behalf by:

H D Seale 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

Atlas Commodities Holdings Ltd (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 Treviot House, 186-192 High Road, Ilford, IG1 1LR, 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 £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles	25 % reducing balance
Fixtures and fittings	not depreciated
Computer equipment	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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.

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.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2. Employees

	30.09.2024		30.09.2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	1		1

3. Tangible assets

	Vehicles		Fixtures and fittings		Computer equipment		Total
	£		£		£		£
Cost
At 01 October 2023	0		18,000		0		18,000
Additions	86,100		0		1,997		88,097
Disposals	( 20,000)		0		0		( 20,000)
At 30 September 2024	66,100		18,000		1,997		86,097
Accumulated depreciation
At 01 October 2023	0		0		0		0
Charge for the financial year	2,754		0		0		2,754
At 30 September 2024	2,754		0		0		2,754
Net book value
At 30 September 2024	63,346		18,000		1,997		83,343
At 30 September 2023	0		18,000		0		18,000

4. Fixed asset investments

	Investments in associates		Investments in joint ventures		Total
	£		£		£
Cost or valuation before impairment
At 01 October 2023	98		152		250
At 30 September 2024	98		152		250
Provisions for impairment
At 01 October 2023	0		0		0
Impairment	98		152		250
At 30 September 2024	98		152		250
Carrying value at 30 September 2024	0		0		0
Carrying value at 30 September 2023	98		152		250

5. Debtors

	30.09.2024		30.09.2023
	£		£
Corporation tax	391,437		12,437
Other debtors	1,194,961		1,496,432
	1,586,398		1,508,869

6. Creditors: amounts falling due within one year

	30.09.2024		30.09.2023
	£		£
Bank loans and overdrafts	969,177		951,583
Amounts owed to Group undertakings	258,755		558,350
Taxation and social security	388,596		0
Other creditors	2,135		2,097
	1,618,663		1,512,030

7. Related party transactions

Transactions with the entity's directors

	30.09.2024		30.09.2023
	£		£
Amounts Advanced	1,218,331		1,612,141
Amounts Repaid	(1,519,629)		(1,219,384)