Atlantic Fire Ltd

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2—4

Registered number: 10541267

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		7,590		19,783

			7,590		19,783
CURRENT ASSETS
Debtors	5	570,400		479,687
Cash at bank and in hand		18,846		149,240

		589,246		628,927
Creditors: Amounts Falling Due Within One Year	6	(101,682 )		(152,313 )

NET CURRENT ASSETS (LIABILITIES)			487,564		476,614

TOTAL ASSETS LESS CURRENT LIABILITIES			495,154		496,397

Creditors: Amounts Falling Due After More Than One Year	7		(5,064 )		(13,101 )

NET ASSETS			490,090		483,296

CAPITAL AND RESERVES
Called up share capital	8		1		1
Income Statement			490,089		483,295

SHAREHOLDERS' FUNDS			490,090		483,296

For the 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.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr Jimride Robinson

Director

30 September 2025

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

Atlantic Fire Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10541267 . The registered office is 4a, Lopen Works Lopen Road , London , N18 1PU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	25% Straight Line Basis
Fixtures & Fittings	25% Straight Line Basis
Computer Equipment	25% Straight Line Basis

2.4. Financial Instruments

A financial asset or a financial liability is recognised only when the company 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.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

2.6. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, directors report, and notes to the financial statements relating to the income statement.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2023: 9)

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Atlantic Fire Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2024	47,059	11,319	11,616	69,994
Additions	-	-	867	867

As at 31 December 2024	47,059	11,319	12,483	70,861

Depreciation
As at 1 January 2024	36,691	6,964	6,556	50,211
Provided during the period	7,109	2,830	3,121	13,060

As at 31 December 2024	43,800	9,794	9,677	63,271

Net Book Value
As at 31 December 2024	3,259	1,525	2,806	7,590

As at 1 January 2024	10,368	4,355	5,060	19,783

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	570,400	473,208
Prepayments and accrued income	-	6,479

	570,400	479,687

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	-	3,140
Corporation tax	5,071	-
Other taxes and social security	3,978	5,869
VAT	61,833	99,072
Other creditors	9,098	9,874
Accruals and deferred income	2,602	3,989
Director's loan account	19,100	30,369

	101,682	152,313

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Other creditors	5,064	13,101

In June 2020, the company obtained an unsecured Bounce Back Loan from HSBC plc in the sum of £50,000 and repaid £10,000 in July 2021. The loan is repayable over 72 months on a fixed interest rate of 2.5% from the date of the drawdown.

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Atlantic Fire Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

8. Share Capital

	2024	2023
Allotted, called up and fully paid	£	£
100 Ordinary A shares of £ 0.010 each	1	1

9. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2024	2023
	£	£
Not later than one year	24,080	24,080
Later than one year and not later than five years	24,080	48,160

	48,160	72,240

10. Ultimate Controlling Party

The company's ultimate controlling party is Mr Jimride Robinson by virtue of his ownership of 100% of the issued share capital in the company.

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