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Registered number: 14104739
Atlantis Mif Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2025
SKZ Chartered Certified Accountants
Chartered Certified Accountants
Unit 1,Kataria Point,
1 Riches Road,
Ilford
Essex
IG1 1JH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14104739
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 20,801 24,138
20,801 24,138
CURRENT ASSETS
Debtors 5 42,246 20,257
Cash at bank and in hand 8,877 22,263
51,123 42,520
Creditors: Amounts Falling Due Within One Year 6 (18,627 ) (2,323 )
NET CURRENT ASSETS (LIABILITIES) 32,496 40,197
TOTAL ASSETS LESS CURRENT LIABILITIES 53,297 64,335
Creditors: Amounts Falling Due After More Than One Year 7 (69,679 ) (84,033 )
NET LIABILITIES (16,382 ) (19,698 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (16,482 ) (19,798 )
SHAREHOLDERS' FUNDS (16,382) (19,698)
Page 1
Page 2
For the year ending 31 May 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 directors acknowledge their 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 Profit and Loss Account.
On behalf of the board
Mr Syed Kashif Zafar
Director
18/02/2026
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Atlantis Mif Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14104739 . The registered office is Unit 1,Kataria Point,, 1 Riches Road,, Ilford, Essex, IG1 1JH.
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 20% SLM
Fixtures & Fittings 15% SLM
Computer Equipment 33.33% SLM
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 2)
3 2
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2024 35,745 - 915 36,660
Additions - 3,525 1,682 5,207
As at 31 May 2025 35,745 3,525 2,597 41,867
Depreciation
As at 1 June 2024 11,915 - 607 12,522
Provided during the period 7,149 529 866 8,544
As at 31 May 2025 19,064 529 1,473 21,066
Net Book Value
As at 31 May 2025 16,681 2,996 1,124 20,801
As at 1 June 2024 23,830 - 308 24,138
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5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 41,417 20,000
VAT 829 257
42,246 20,257
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 8,875 -
Other taxes and social security 1,926 -
Net wages 4,907 182
Accruals and deferred income 2,270 1,512
Directors' loan accounts 649 629
18,627 2,323
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other loans 16,358 23,373
Amounts owed to group undertakings 53,321 60,660
69,679 84,033
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 4