REGISTERED NUMBER: 04082023 (England and Wales)

Atlantic Tank Clean Barry Limited

Financial Statements for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J Wilson

A J Leighton

REGISTERED OFFICE:

Limerick Road

Dormanstown

Redcar

TS10 5JU

REGISTERED NUMBER:

04082023 (England and Wales)

AUDITORS:

Smailes Goldie

Chartered Accountants

Statutory Auditor

Regent's Court

Princess Street

Hull

East Yorkshire

HU2 8BA

FIXED ASSETS

Intangible assets

4

9,640

12,102

Tangible assets

5

813,361

480,038

823,001

492,140

CURRENT ASSETS

Debtors

6

1,460,019

963,227

Cash at bank

670,660

638,916

2,130,679

1,602,143

CREDITORS

Amounts falling due within one year

7

578,899

635,672

NET CURRENT ASSETS

1,551,780

966,471

TOTAL ASSETS LESS CURRENT LIABILITIES

2,374,781

1,458,611

CREDITORS

Amounts falling due after more than one year

8

(306,440

)

-

PROVISIONS FOR LIABILITIES

(122,377

)

(26,561

)

NET ASSETS

1,945,964

1,432,050

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

1,945,864

1,431,950

SHAREHOLDERS' FUNDS

1,945,964

1,432,050

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 30 September 2025 and were signed on its behalf by:

A J Leighton - Director

1.	STATUTORY INFORMATION

Atlantic Tank Clean Barry 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard Applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention modified to include certain items at fair value.

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

Going Concern

The directors, having considered the performance for the current year and the forecasts for the period to December 2025, have a reasonable expectation that the company has adequate resources to continue in operational existence for a period of 12 months from the date of approval of these financial statements and therefore have prepared the financial statements on a going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Turnover from cleaning road tankers and other transport equipment is recognised as the service is provided.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery etc 2 - 5 years and 10 years

Taxation

Current tax represents the amount payable or receivable in respect of the taxable profit or loss for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Retirement benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

12,307

AMORTISATION

At 1 January 2024

205

Charge for year

2,462

At 31 December 2024

2,667

NET BOOK VALUE

At 31 December 2024

9,640

At 31 December 2023

12,102

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

1,331,963

Additions

535,544

At 31 December 2024

1,867,507

DEPRECIATION

At 1 January 2024

851,925

Charge for year

202,221

At 31 December 2024

1,054,146

NET BOOK VALUE

At 31 December 2024

813,361

At 31 December 2023

480,038

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

Additions

496,424

At 31 December 2024

496,424

DEPRECIATION

Charge for year

74,464

At 31 December 2024

74,464

NET BOOK VALUE

At 31 December 2024

421,960

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

443,075

729,230

Amounts owed by group undertakings

903,889

126,847

Other debtors

113,055

107,150

1,460,019

963,227

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

82,122

-

Trade creditors

2,407

33,311

Amounts owed to group undertakings

409,049

513,459

Taxation and social security

19,869

70,809

Other creditors

65,452

18,093

578,899

635,672

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

306,440

-

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Michael Stocks FCA (Senior Statutory Auditor)

for and on behalf of Smailes Goldie

11.	PENSION COMMITMENTS

The company contributes to a defined contribution pension scheme. The charge in the profit and loss account was £7,869 (2023 £5,545). The balance due to the pension scheme at 31st December 2024 was £nil (2023 £nil).

12.	CAPITAL COMMITMENTS

2024

2023

£

£

Contracted but not provided for in the

financial statements

-

421,961

13.	OTHER FINANCIAL COMMITMENTS

At 31st December 2024 the total amounts due under non-cancellable operating leases are £191,674 (2023 £241,678).

There is a group VAT registration with the parent company and fellow subsidiaries. The maximum potential liability at the year end was £11,053 (2023 £nil).

14.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

15.	ULTIMATE CONTROLLING PARTY

The company is not controlled by any one party.