Atrium Telecom Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06402761

Atrium Telecom Ltd

Filleted Financial Statements

31 December 2024

Atrium Telecom Ltd

Financial Statements

Period from 1 December 2023 to 31 December 2024

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	3

Atrium Telecom Ltd

Officers and Professional Advisers

The board of directors	Mr P R Crooks (Resigned 6 December 2023)
	R J Jonsson (Served from 6 December 2023 to 17 March 2024)
	Mr J Brady (Appointed 17 March 2024)
	Mrs J I Tuffs (Appointed 17 March 2024)

Registered office	Regus Manchester Airport
	Room 120 Manchester Business Park
	Aviator Way
	Manchester
	M22 5TG

Auditor	Crossley & Davis Chartered Accountants
	Chartered accountants & statutory auditor
	Ground Floor, Seneca House
	Links Point
	Amy Johnson Way
	Blackpool
	Lancashire
	FY4 2FF

Atrium Telecom Ltd

Statement of Financial Position

31 December 2024

	31 Dec 24	30 Nov 23
Note	£	£

Fixed assets

Tangible assets	5	–	1,380

Current assets

Debtors	6	175,886	233,548
Cash at bank and in hand		103,859	46,273
		---------	---------
		279,745	279,821

Creditors: amounts falling due within one year	7	275,274	287,426
		---------	---------
Net current assets/(liabilities)		4,471	( 7,605)
		-------	-------
Total assets less current liabilities		4,471	( 6,225)
		-------	-------
Net assets/(liabilities)		4,471	( 6,225)
		-------	-------

Capital and reserves

Called up share capital	8	200	200
Profit and loss account		4,271	( 6,425)
		-------	-------
Shareholders funds/(deficit)		4,471	( 6,225)
		-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

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.

These financial statements were approved by the board of directors and authorised for issue on 30 September 2025 , and are signed on behalf of the board by:

Mrs J I Tuffs

Director

Company registration number: 06402761

Atrium Telecom Ltd

Notes to the Financial Statements

Period from 1 December 2023 to 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Regus Manchester Airport, Room 120 Manchester Business Park, Aviator Way, Manchester, M22 5TG.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. The financial statements have been rounded to the nearest £1.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	between 15% - 25% reducing balance or straight line basis

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 2 (2023: 1 ).

5. Tangible assets

	Fixtures and fittings
	£
Cost
At 1 December 2023	34,604
Disposals	( 34,604)
	--------
At 31 December 2024	–
	--------
Depreciation
At 1 December 2023	33,224
Charge for the period	469
Disposals	( 33,693)
	--------
At 31 December 2024	–
	--------
Carrying amount
At 31 December 2024	–
	--------
At 30 November 2023	1,380
	--------

6. Debtors

	31 Dec 24	30 Nov 23
	£	£
Trade debtors	–	168,946
Amounts owed by group undertakings and undertakings in which the company has a participating interest	175,886	36,076
Other debtors	–	28,526
	---------	---------
	175,886	233,548
	---------	---------

7. Creditors: amounts falling due within one year

	31 Dec 24	30 Nov 23
	£	£
Bank loans and overdrafts	–	25,833
Trade creditors	–	52,687
Amounts owed to group undertakings and undertakings in which the company has a participating interest	244,319	148,089
Social security and other taxes	30,954	27,899
Other creditors	1	32,918
	---------	---------
	275,274	287,426
	---------	---------

8. Called up share capital

Issued, called up and fully paid

	31 Dec 24		30 Nov 23
	No.	£	No.	£
Ordinary A share shares of £– (2023 - £1) each	–	–	49	49
Ordinary B share shares of £– (2023 - £1) each	–	–	49	49
Ordinary C share shares of £– (2023 - £1) each	–	–	102	102
Ordinary Shares shares of £ 1 each	200	200	–	–
	----	----	----	----
	200	200	200	200
	----	----	----	----

On 17th March 2024 the A-C Ordinary shares of £1.00 each were converted and redesignated as Ordinary Shares of £1.00 each. Each ordinary share shall confer on the holder one vote at any general meeting of the company. Each share has full rights in the company with respect to voting, dividends and distributions on winding up.

9. Change in reporting period

The financial statements presented are for a period of 13 months, which is longer than the typical 12 month period. This change is due to the alignment of the company's financial year end with that of the new parent company following the acquisition completed in December 2023.

Comparative amounts presented in these financial statements are not entirely comparable to the current period. The prior year figures are based on a different reporting period.

10. Events after the end of the reporting period

These financial statements have been prepared on a going concern basis. However, subsequent to the year end, on 31/01/2025, a decision was made to cease trading as part of a wider group reorganisation.

11. Limitation of auditors liability

The company entered into a liability limitation agreement with the auditor on 31 July 2025. The liability of the auditor in respect of any claim or claims made by the company is limited to £4,000,000 inclusive of interest of costs.

12. Summary audit opinion

The auditor's report dated 30 September 2025 was unqualified .

The senior statutory auditor was Peter Swarbrick BSc FCA , for and on behalf of Crossley & Davis Chartered Accountants .

13. Related party transactions

Included within debtors are amounts owed by related parties amounting to £175,886 (2023 - £36,076). Included within creditors are amounts owed to related parties amounting to £244,319 (2023 - £148,089) During the period, the company paid management charges and support services to related parties amounting to £182,291 (2023 - £407,098)

14. Controlling party

At the balance sheet date the parent company was Red Seven Technology Group Limited . This company forms part of the consolidated accounts of Dura Software UK, Ltd, a company registered in England and Wales, which can be found at their registered office 66 Lincoln's Inn Fields, London, WC2A 3LH. The ultimate parent company is Dura Software Inc , a company registered in the USA.