Company Registration No. 11114835 (England and Wales)
ATLANTIC CLEANERS LTD
Unaudited accounts
for the year ended 31 March 2025
ATLANTIC CLEANERS LTD
Unaudited accounts
Contents
ATLANTIC CLEANERS LTD
Company Information
for the year ended 31 March 2025
Company Number
11114835 (England and Wales)
Registered Office
49/50 Bedford Place
Southampton
Hampshire
SO15 2DG
Accountants
Newnham & Son Ltd
School Master's House
39 College Street
Petersfield
Hampshire
GU31 4AG
ATLANTIC CLEANERS LTD
Statement of financial position
as at 31 March 2025
Tangible assets
29,267
23,977
Cash at bank and in hand
8,831
12,911
Creditors: amounts falling due within one year
(531,633)
(1,093,144)
Net current liabilities
(465,006)
(630,610)
Total assets less current liabilities
(435,739)
(606,633)
Creditors: amounts falling due after more than one year
(29,556)
(37,605)
Net liabilities
(465,295)
(644,238)
Called up share capital
100
100
Profit and loss account
(465,395)
(644,338)
Shareholders' funds
(465,295)
(644,238)
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 December 2025 and were signed on its behalf by
A Johnston
Director
Company Registration No. 11114835
ATLANTIC CLEANERS LTD
Notes to the Accounts
for the year ended 31 March 2025
ATLANTIC CLEANERS LTD is a private company, limited by shares, registered in England and Wales, registration number 11114835. The registered office is 49/50 Bedford Place, Southampton, Hampshire, SO15 2DG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on cost
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
ATLANTIC CLEANERS LTD
Notes to the Accounts
for the year ended 31 March 2025
At the balance sheet the company had net liabilities. The ability of the company to continue to trade is dependant upon the continuing support of the director.
The director is of the opinion that the company will continue to receive this support and on this basis considers it appropriate to prepare the accounts on a going concern basis.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Accrued income and prepayments
25,817
26,737
ATLANTIC CLEANERS LTD
Notes to the Accounts
for the year ended 31 March 2025
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Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
8,400
8,400
Taxes and social security
7,003
4,625
Other creditors
36,654
46,174
Loans from directors
477,576
1,007,489
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Creditors: amounts falling due after more than one year
2025
2024
9
Transactions with related parties
At the balance sheet date the company was owed an amount of £Nil (2024 - £110,047) from Liss Linen Limited, a company in which the company director has a material interest.
At the balance sheet date the company was owed an amount of £Nil (2024 - £26,548) from Wedding Dress Cleaners Limited, a company in which the company director has a material interest.
At the balance sheet date the company owed an amount of £Nil (2024 - £10,615) owed to The Bourne Linen Company Limited, a company in which the company director has a material interest.
At the balance sheet date the company was owed an amount of £Nil (2024 - £130,277) owed from The White Linen Company Limited, a company in which the company director has a material interest.
At the balance sheet date the company was owed an amount of £Nil (2024 - £3,086) to Bridalclean Limited, a company in which the company director has a material interest.
At the balance sheet date the company was owed an amount of £Nil (2024 - £96,832) from Grayshott Linen Limited, a company in which the company director has a material interest.
At the balance sheet date the company owed an amount of £Nil (2024 - £10,083) to All Asia Trading Limited, a company in which the company director has a material interest.
10
Average number of employees
During the year the average number of employees was 20 (2024: 14).