Registration number:
ATL Services (Retail) Limited
for the Year Ended 31 January 2025
ATL Services (Retail) Limited
Contents
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Company Information |
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Strategic Report |
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Directors' Report |
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Statement of Directors' Responsibilities |
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Independent Auditor's Report |
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Profit and Loss Account |
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Balance Sheet |
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Statement of Changes in Equity |
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Statement of Cash Flows |
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Notes to the Financial Statements |
ATL Services (Retail) Limited
Company Information
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Directors |
A D Horncastle L A Fennings T J Horncastle |
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Registered office |
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Auditors |
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ATL Services (Retail) Limited
Strategic Report for the Year Ended 31 January 2025
The directors present their strategic report for the year ended 31 January 2025.
Principal activity
The principal activity of the company is Retail Installation.
Fair review of the business
Our electronics engineers have continued to build their extensive experience in manufacturing support gained by working in the sector. We provide the correct technical resources to allow quick identification of a machine problem, so the issue is promptly resolved.
Our goal remains to get businesses up and running as fast as possible and to that end we have heavily invested in our state of the art diagnosis/repair facilities.
These results show that turnover has increased by nearly £2 million after a strong performance and a static gross margin despite hard industry conditions.
This has been a significant year in the development of the company with the ownership being transferred 100% to an Employee Ownership Trust on 29 November 2024, a move which reflects the company’s collaborative ethos, commitment to its staff and the implementation of future planning for the many years to come.
The company's key financial and other performance indicators during the year were as follows:
|
Financial KPIs |
Unit |
2025 |
2024 |
|
Turnover |
£ |
15,143,196 |
13,231,446 |
|
Operating profit |
£ |
2,512,027 |
2,110,429 |
|
Gross profit |
% |
43 |
42 |
Non-financial KPIs
(i) Staff retention
The company monitors its staff retention rates which remain very high.
Principal risks and uncertainties
The management of risk is an important role for the board. The principal risks and uncertainties are continually assessed.
Financial risks
The company manages its cash in order to maximise interest income and minimise interest expense, whilst ensuring it has sufficient liquid resources to meet the operational needs of the business. Trade debtors are reviewed on a regular basis and provision is made for doubtful debts when necessary.
Approved and authorised by the
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ATL Services (Retail) Limited
Directors' Report for the Year Ended 31 January 2025
The directors present their report and the financial statements for the year ended 31 January 2025.
Directors of the company
The directors who held office during the year were as follows:
Results and dividends
The profit for the year, after taxation, amounted to £1,839,162 (2024: £1,595,323). Contributions of £5,129,804 (2024: £Nil) were made to the Employee Ownership Trust.
Employee Ownership Trust Contributions
Details of contributions to the Employee Ownership Trust are detailed in note 24 to the financial statements.
Future developments
The company will continue to work towards the forecasts and targets set by the Board. It is hoped that further benefits for the staff and the company will accrue with the greater engagement and participation which has resulted from the employee ownership.
Disclosure of information to the auditors
Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.
Approved and authorised by the
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ATL Services (Retail) Limited
Statement of Directors' Responsibilities
The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
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select suitable accounting policies and apply them consistently; |
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make judgements and accounting estimates that are reasonable and prudent; |
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
ATL Services (Retail) Limited
Independent Auditor's Report to the Members of ATL Services (Retail) Limited
Opinion
We have audited the financial statements of ATL Services (Retail) Limited (the 'company') for the year ended 31 January 2025, which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
• | give a true and fair view of the state of the company's affairs as at 31 January 2025 and of its profit for the year then ended; |
• | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
• | have been prepared in accordance with the requirements of the Companies Act 2006. |
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Other matter
The financial statements of ATL Services (Retail) Ltd for the year ended 31 January 2024 were not audited.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
ATL Services (Retail) Limited
Independent Auditor's Report to the Members of ATL Services (Retail) Limited
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
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the Directors' Report has been prepared in accordance with applicable legal requirements. |
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
• | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or |
• | the financial statements are not in agreement with the accounting records and returns; or |
• | certain disclosures of directors' remuneration specified by law are not made; or |
• | we have not received all the information and explanations we require for our audit. |
Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities [set out on page 4], the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
ATL Services (Retail) Limited
Independent Auditor's Report to the Members of ATL Services (Retail) Limited
Auditor Responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed belowThe extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Discussions were held with, and enquiries made of, management and those charged with governance with a view to identifying those laws and regulations that could be expected to have a material impact on the financial statements. During the engagement team briefing, the outcomes of these discussions and enquiries were shared with the team, as well as consideration as to where and how fraud may occur in the entity.
The following laws and regulations were identified as being of significance to the entity:
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those laws and regulations considered to have a direct effect on the financial statements include UK financial reporting standards, Company Law, Tax and Pensions legislation, and distributable profits legislation. |
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those laws and regulations for which non-compliance may be fundamental to the operating aspects of the business and therefore may have a material effect on the financial statements including operating licences, environmental regulations, and health and safety legislation. |
Audit procedures undertaken in response to the potential risks relating to irregularities (which include fraud and non-compliance with laws and regulations) comprised of: inquiries of management and those charged with governance as to whether the entity complies with such laws and regulations; enquiries with the same concerning any actual or potential litigation or claims; inspection of relevant legal correspondence; review of board minutes; testing the appropriateness of entries in the nominal ledger, including journal entries; reviewing transactions around the end of the reporting period; and the performance of analytical procedures to identify unexpected movements in account balances which may be indicative of fraud.
No instances of material non-compliance were identified. However, the likelihood of detecting irregularities, including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity’s controls, and the nature, timing and extent of the audit procedures performed. Irregularities that result from fraud might be inherently more difficult to detect than irregularities that result from error. As explained above, there is an unavoidable risk that material misstatements may not be detected, even though the audit has been planned and performed in accordance with ISAs (UK).
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
ATL Services (Retail) Limited
Independent Auditor's Report to the Members of ATL Services (Retail) Limited
Use of our report
This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
For and on behalf of
2 Cray Road
Sidcup
Kent
DA14 5DA
ATL Services (Retail) Limited
Profit and Loss Account for the Year Ended 31 January 2025
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Note |
2025 |
Unaudited |
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Turnover |
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Cost of sales |
( |
( |
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Gross profit |
|
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|
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Administrative expenses |
( |
( |
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Operating profit |
2,444,792 |
2,110,429 |
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Other interest receivable and similar income |
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Interest payable and similar expenses |
( |
( |
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9,248 |
11,581 |
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Profit before tax |
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Tax on profit |
( |
( |
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Profit for the financial year |
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The company has no recognised gains or losses for the year other than the results above.
No Statement of Comprehensive Income has been presented as there is no movement through other comprehensive income for the year
ATL Services (Retail) Limited
(Registration number: 08386855)
Balance Sheet as at 31 January 2025
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Note |
2025 |
Unaudited |
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Fixed assets |
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Intangible assets |
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Tangible assets |
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Current assets |
|||
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Stocks |
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Debtors |
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Cash at bank and in hand |
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||
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
- |
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Net assets |
|
|
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Capital and reserves |
|||
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Called up share capital |
2 |
2 |
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Retained earnings |
5,146,262 |
8,436,904 |
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Shareholders' funds |
5,146,264 |
8,436,906 |
Approved and authorised by the
L A Fennings
Director
ATL Services (Retail) Limited
Statement of Changes in Equity for the Year Ended 31 January 2025
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Share capital |
Retained earnings |
Total |
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At 1 February 2024 |
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Profit for the year |
- |
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Contributions to Employee Ownership Trust |
- |
( |
( |
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At 31 January 2025 |
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Share capital |
Retained earnings |
Total |
|
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At 1 February 2023 |
|
|
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Profit for the year |
- |
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At 31 January 2024 |
2 |
8,436,904 |
8,436,906 |
ATL Services (Retail) Limited
Statement of Cash Flows for the Year Ended 31 January 2025
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Note |
2025 |
2024 |
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Cash flows from operating activities |
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Profit for the year |
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Adjustments to cash flows from non-cash items |
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Depreciation and amortisation |
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Loss on disposal of tangible assets |
- |
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Finance income |
( |
( |
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Finance costs |
|
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Corporation tax expense |
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Working capital adjustments |
|||
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Decrease in stocks |
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Decrease in trade debtors |
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Decrease in trade creditors |
( |
( |
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Cash generated from operations |
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Income taxes paid |
( |
( |
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Net cash flow from operating activities |
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Cash flows from investing activities |
|||
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Interest received |
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Acquisitions of tangible assets |
( |
( |
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Net cash flows from investing activities |
( |
( |
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Cash flows from financing activities |
|||
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Interest paid |
( |
( |
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Payments to finance lease creditors |
|
( |
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Contributions to Employee Ownership Trust |
( |
- |
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Net cash flows from financing activities |
( |
( |
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|
Net (decrease)/increase in cash and cash equivalents |
( |
|
|
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Cash and cash equivalents at 1 February |
|
|
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Cash and cash equivalents at 31 January |
2,541,542 |
3,828,632 |
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ATL Services (Retail) Limited
Notes to the Financial Statements for the Year Ended 31 January 2025
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General information |
The company is a private company limited by share capital, incorporated in England.
The principal activity of the company is disclosed in the Strategic Report.
The address of its registered office and the principal place of business is:
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Accounting policies |
These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
Basis of preparation
These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 - 'The Financial Reporting standard applicable in the United Kingdom and Republic of Ireland' ('FRS 102'), and with the Companies Act 2006.
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.
ATL Services (Retail) Limited
Notes to the Financial Statements for the Year Ended 31 January 2025
Critical accounting judgements and key sources of estimation uncertainty
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historic experience and other factors that are considered to be relevant. Actual results may differ from these estimates. |
Specifically, judgements and estimates are required in determining the recoverability of debtors and the useful economic life of fixed assets. |
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. |
Revenue recognition
Turnover represents amounts derived from the provision of goods and services which fall within the company's ordinary activities.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
For long term contracts, turnover is recognised by reference to the stage of completion of the contract at the reporting date, provided the outcome can be estimated reliably.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
ATL Services (Retail) Limited
Notes to the Financial Statements for the Year Ended 31 January 2025
Deferred corporation tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Tangible assets
Tangible assets is stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Leasehold improvements |
10% straight line |
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Plant and machinery |
25% reducing balance |
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Fixtures, fittings & equipment |
25% reducing balance |
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Motor vehicles |
25% reducing balance |
Goodwill
Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
|
Asset class |
Amortisation method and rate |
|
Goodwill |
10% straight line |
ATL Services (Retail) Limited
Notes to the Financial Statements for the Year Ended 31 January 2025
Financial instruments
Classification
Financial assets are classified as financial assets at fair value through profit or loss, loans and debtors, held-to-maturity investments, available-for-sale financial assets, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. The company determines the classification of its financial assets at initial recognition.
Financial liabilities are classified as financial liabilities at fair value through profit and loss, loans and borrowings, trade and other creditors, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. The company determines the classification of its financial liabilities at initial recognition.
Recognition and measurement
Impairment
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade and other debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
ATL Services (Retail) Limited
Notes to the Financial Statements for the Year Ended 31 January 2025
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Trade and other creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Contributions to the Employee Ownership Trust
Contribution distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the contributions are declared.
ATL Services (Retail) Limited
Notes to the Financial Statements for the Year Ended 31 January 2025
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Turnover |
The analysis of the company's Turnover for the year from continuing operations is as follows:
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2025 |
2024 |
|
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Sale of goods |
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Other gains and losses |
The analysis of the company's other gains and losses for the year is as follows:
|
2025 |
2024 |
|
|
Loss on disposal of Tangible assets |
- |
( |
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Operating profit |
Arrived at after charging/(crediting)
|
2025 |
2024 |
|
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Depreciation expense |
|
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Amortisation expense |
|
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Operating lease expense - property |
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Operating lease expense - plant and machinery |
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Loss on disposal of property, plant and equipment |
- |
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Other interest receivable and similar income |
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2025 |
2024 |
|
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Interest income on bank deposits |
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Interest payable and similar expenses |
|
2025 |
2024 |
|
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Interest on hire purchase contracts |
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Interest expense on other finance liabilities |
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ATL Services (Retail) Limited
Notes to the Financial Statements for the Year Ended 31 January 2025
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Staff costs |
The aggregate payroll costs (including directors' remuneration) were as follows:
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2025 |
2024 |
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Wages and salaries |
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Social security costs |
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Pension costs, defined contribution scheme |
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Other employee expense |
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The average number of persons employed by the company (including directors) during the year, analysed by category was as follows:
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2025 |
2024 |
|
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Administration and support |
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Directors' remuneration |
The directors' remuneration for the year was as follows:
|
2025 |
2024 |
|
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Remuneration |
|
|
During the year the number of directors who were receiving benefits and share incentives was as follows:
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2025 |
2024 |
|
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Accruing benefits under money purchase pension scheme |
|
|
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Auditors' remuneration |
|
2025 |
2024 |
|
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Audit of the financial statements |
|
- |
ATL Services (Retail) Limited
Notes to the Financial Statements for the Year Ended 31 January 2025
|
Taxation |
Tax charged/(credited) in the profit and loss account
|
2025 |
2024 |
|
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Current taxation |
||
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UK corporation tax |
|
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Deferred taxation |
||
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Arising from changes in tax rates and laws |
|
- |
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Tax expense in the profit and loss account |
|
|
The tax on profit before tax for the year is higher than the standard rate of corporation tax in the UK (2024 - lower than the standard rate of corporation tax in the UK) of
The differences are reconciled below:
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2025 |
2024 |
|
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Profit before tax |
|
|
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Corporation tax at standard rate |
|
|
|
Tax (decrease)/increase from effect of capital allowances and depreciation |
( |
|
|
Decrease from effect of different UK tax rates on some earnings |
- |
( |
|
Effect of expense not deductible in determining taxable profit (tax loss) |
|
|
|
Deferred tax expense from unrecognised temporary difference from a prior period |
|
- |
|
Total tax charge |
|
|
ATL Services (Retail) Limited
Notes to the Financial Statements for the Year Ended 31 January 2025
|
Intangible assets |
|
Goodwill |
Total |
|
|
Cost or valuation |
||
|
At 1 February 2024 |
|
|
|
At 31 January 2025 |
|
|
|
Amortisation |
||
|
At 1 February 2024 |
|
|
|
Amortisation charge |
|
|
|
At 31 January 2025 |
|
|
|
Carrying amount |
||
|
At 31 January 2025 |
|
|
|
At 31 January 2024 |
|
|
ATL Services (Retail) Limited
Notes to the Financial Statements for the Year Ended 31 January 2025
|
Tangible assets |
|
Leasehold improvements |
Furniture, fittings and equipment |
Motor vehicles |
Total |
|
|
Cost or valuation |
||||
|
At 1 February 2024 |
|
|
|
|
|
Additions |
- |
|
|
|
|
At 31 January 2025 |
|
|
|
|
|
Depreciation |
||||
|
At 1 February 2024 |
|
|
|
|
|
Charge for the year |
|
|
|
|
|
At 31 January 2025 |
|
|
|
|
|
Carrying amount |
||||
|
At 31 January 2025 |
|
|
|
|
|
At 31 January 2024 |
|
|
|
|
Assets held under finance leases and hire purchase contracts
The net carrying amount of tangible assets includes the following amounts in respect of assets held under finance leases and hire purchase contracts:
|
2025 |
2024 |
|
|
Motor vehicles |
347,579 |
134,547 |
ATL Services (Retail) Limited
Notes to the Financial Statements for the Year Ended 31 January 2025
|
Stocks |
|
2025 |
2024 |
|
|
Other inventories |
|
|
|
Debtors |
|
Current |
Note |
2025 |
2024 |
|
Trade debtors |
|
|
|
|
Amounts owed by related parties |
|
|
|
|
Other debtors |
|
|
|
|
Prepayments |
|
|
|
|
Accrued income |
|
|
|
|
|
|
|
Cash and cash equivalents |
|
2025 |
2024 |
|
|
Cash at bank |
|
|
|
Creditors |
|
Note |
2025 |
2024 |
|
|
Due within one year |
|||
|
Loans and borrowings |
|
|
|
|
Trade creditors |
|
|
|
|
Social security and other taxes |
|
|
|
|
Other creditors |
|
|
|
|
Accruals |
|
|
|
|
Corporation tax liability |
186,374 |
788,087 |
|
|
|
|
||
|
Due after one year |
|||
|
Loans and borrowings |
|
|
ATL Services (Retail) Limited
Notes to the Financial Statements for the Year Ended 31 January 2025
|
Loans and borrowings |
Non-current loans and borrowings
|
2025 |
2024 |
|
|
Hire purchase contracts |
|
|
Current loans and borrowings
|
2025 |
2024 |
|
|
Hire purchase contracts |
|
|
The finance lease liability is secured against the assets concerned. Repayments are made monthly consisting of both interest and principal.
|
Share capital |
Allotted, called up and fully paid shares
|
2025 |
2024 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
2 |
|
2 |
Rights, preferences and restrictions
|
Ordinary have the following rights, preferences and restrictions: |
ATL Services (Retail) Limited
Notes to the Financial Statements for the Year Ended 31 January 2025
|
Obligations under leases and hire purchase contracts |
Operating leases
The total of future minimum lease payments is as follows:
|
2025 |
2024 |
|
|
Not later than one year |
|
|
|
Later than one year and not later than five years |
|
|
|
Later than five years |
|
|
|
|
|
The amount of non-cancellable operating lease payments recognised as an expense during the year was £
|
Deferred tax and other provisions |
|
Deferred tax |
Total |
|
|
Additional provisions |
|
|
|
At 31 January 2025 |
|
|
|
|
||
|
Pension and other schemes |
Defined contribution pension scheme
The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £
ATL Services (Retail) Limited
Notes to the Financial Statements for the Year Ended 31 January 2025
|
Analysis of changes in net debt |
|
At 1 February 2024 |
Financing cash flows |
New finance leases |
At 31 January 2025 |
|
|
Cash and cash equivalents |
||||
|
Cash |
3,828,632 |
(1,287,090) |
- |
2,541,542 |
|
Borrowings |
||||
|
Lease liabilities |
152,610 |
(31,261) |
244,170 |
365,519 |
|
|
( |
|
|
|
|
|
||||
|
Contributions to Employee Ownership Trust |
On 29 November 2024, the entire share capital of the company was transferred to the trustees of ATL Services (Retail) EOT Trustee Limited. Total contributions paid in the year were £5,129,804 (2024: £Nil).
|
Related party transactions |
|
Transactions with directors |
|
2025 |
At 1 February 2024 |
Repayments by director |
At 31 January 2025 |
|
A D Horncastle |
|||
|
|
|
( |
|
|
2024 |
At 1 February 2023 |
Advances to director |
At 31 January 2024 |
|
A D Horncastle |
|||
|
|
|
|
|
The loan to the director from the company is unsecured, interest free and repayable on demand.
Summary of transactions with other related parties
Loans to companies under common control are made interest free and without security.
ATL Services (Retail) Limited
Notes to the Financial Statements for the Year Ended 31 January 2025
|
Control |
The company was under the control of A D Horncastle and T J Horncastle during the period to 29 November 2024 and throughout the previous year. As described in note 24, the beneficial ownership of the company was transferred to ATL Services (Retail) EOT Trustee Limited on 29 November 2024.