REGISTERED NUMBER: 04349748 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

ATMOSPHERIC ZONE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J A Mallory

S Mallory

REGISTERED OFFICE:

Unit 24 Woods Way

Goring by Sea

West Sussex

BN12 4QY

REGISTERED NUMBER:

04349748 (England and Wales)

ACCOUNTANTS:

Plus Accounting

Chartered Accountants

Preston Park House

South Road

Brighton

East Sussex

BN1 6SB

FIXED ASSETS

Tangible assets

4

6,110

1,792

CURRENT ASSETS

Stocks

79,211

93,876

Debtors

5

39,426

55,673

Cash at bank and in hand

10,791

72

129,428

149,621

CREDITORS

Amounts falling due within one year

6

(216,444

)

(210,222

)

NET CURRENT LIABILITIES

(87,016

)

(60,601

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(80,906

)

(58,809

)

CREDITORS

Amounts falling due after more than one year

7

(12,231

)

(30,526

)

PROVISIONS FOR LIABILITIES

10

(623

)

-

NET LIABILITIES

(93,760

)

(89,335

)

CAPITAL AND RESERVES

Called up share capital

11

2

2

Retained earnings

(93,762

)

(89,337

)

SHAREHOLDERS' FUNDS

(93,760

)

(89,335

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

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:

S Mallory - Director

1.	STATUTORY INFORMATION

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

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover represents the fair value of consideration received or receivable net of VAT and trade discounts. Revenue from the sale of goods and services is recognised when goods/services are dispatched/installed.

Atmospheric Zone Ltd recognise turnover from the sale of LED lighting and fibre optics.

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 by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold improvements

-

straight line over 3 years

Office equipment

-

25% on cost

Furniture & fixtures

-

25% on cost

Plant & machinery

-

20% on cost

Impairment policy

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

Stocks

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

Financial instruments

Financial assets, 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 entity after deducting all of its financial liabilities.

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.

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension plan for its employees. A defined contribution pension plan is a pension plan under which the company pays contributions into a separate entity. Once the contributions have been paid, the company has no further obligations.

The contributions are recognised as an expense in the income statement when they fall due. Amounts owed but not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Coronavirus business interruption loan scheme

Included in bank loans is a bounce back loan which is guaranteed by the government. As part of the bounce back loan scheme, the government paid the first year of interest on the loan.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Furniture

Leasehold

Office

and

Plant and

improvements

equipment

fixtures

machinery

Totals

£

£

£

£

£

COST

At 1 January 2024

9,500

28,831

12,298

23,224

73,853

Additions

-

1,388

-

5,730

7,118

At 31 December 2024

9,500

30,219

12,298

28,954

80,971

DEPRECIATION

At 1 January 2024

9,500

28,010

12,298

22,253

72,061

Charge for year

-

1,168

-

1,632

2,800

At 31 December 2024

9,500

29,178

12,298

23,885

74,861

NET BOOK VALUE

At 31 December 2024

-

1,041

-

5,069

6,110

At 31 December 2023

-

821

-

971

1,792

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

33,230

47,477

Other debtors

6,196

8,196

39,426

55,673

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

49,607

61,654

Trade creditors

25,247

25,087

Taxation and social security

112,870

105,514

Other creditors

28,720

17,967

216,444

210,222

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

12,231

30,526

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

5,650

16,765

Between one and five years

-

5,650

5,650

22,415

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank overdrafts

31,312

43,175

Bank loans

30,526

49,005

61,838

92,180

The above creditors, and the amount due on the property lease, are secured by way of a fixed and floating charge over the assets of the company.

10.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

623

-

Deferred tax

£

Accelerated capital allowances

623

Balance at 31 December 2024

623

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1

Ordinary A

£1

1

1

1

Ordinary B

£1

1

1

2

2

12.	UNLAWFUL DIVIDENDS

During the year ended 31 December 2024, the company declared and paid dividends totalling £134,290. Following a review of the company's distributable reserves, the directors have determined that these dividends exceeded the available distributable profits and are therefore unlawful under the Companies Act 2006.

The directors confirm that the unlawful distribution has no impact on the company's trading operations or cash position other than the dividend payments themselves. The directors are satisfied that the Company remains a going concern.