Atlas Software Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 05590446

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		-		3,896,277
Tangible Assets	5		215		290

			215		3,896,567
CURRENT ASSETS
Debtors	6	8,051		96,034
Cash at bank and in hand		1,600		91,189

		9,651		187,223
Creditors: Amounts Falling Due Within One Year	7	(7,124 )		(4,070,743 )

NET CURRENT ASSETS (LIABILITIES)			2,527		(3,883,520 )

TOTAL ASSETS LESS CURRENT LIABILITIES			2,742		13,047

NET ASSETS			2,742		13,047

CAPITAL AND RESERVES
Called up share capital	8		141		141
Share premium account			749		749
Profit and Loss Account			1,852		12,157

SHAREHOLDERS' FUNDS			2,742		13,047

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Atlas Software Limited

Balance Sheet (continued)

As At 31 October 2025

For the year ending 31 October 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 T Steiner

Director

6th February 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Atlas Software Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05590446 . The registered office is 50 Cowick Street, Exeter, Devon, EX4 1AP.

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 form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover form 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. Intangible Fixed Assets and Amortisation - Other Intangible

The increase in intangible assets is the directors' valuation of the current market value of the online accounting software. It was the first in the world and is being enhanced to bring it to the market.

The company has the right of use and marketing of the software given it under licence by Mr T Steiner.

2.4. Research and Development

Expenditure on research and development is written off in the year it is incurred, except where the directors are satisfied that development expenditure incurred on an individual project is carried forward as permitted by FRS 102 when its future recoverability can be regarded as assured. No amortisation has been charged until development has been completed and the economic life can be assessed. No provision has been made for any impairment since, in the opinion of the directors, none is needed.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. 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:

Computer Equipment

25% reducing balance

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
Office and administration	1	1

	1	1

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Atlas Software Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

4. Intangible Assets

	Other Intangible Assets
	£
Cost
As at 1 November 2024	3,896,277
Disposals	(3,896,277 )

As at 31 October 2025	-

Net Book Value
As at 31 October 2025	-

As at 1 November 2024	3,896,277

5. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 November 2024	1,844

As at 31 October 2025	1,844

Depreciation
As at 1 November 2024	1,554
Provided during the period	75

As at 31 October 2025	1,629

Net Book Value
As at 31 October 2025	215

As at 1 November 2024	290

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	(212 )	24
Maitland Wright	8,000	8,000
VAT	263	-

	8,051	8,024
Due after more than one year
Loan - C Wright	-	88,010

	8,051	96,034

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Atlas Software Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	49	-
Other taxes and social security	2,849	2,849
VAT	-	18
SML	(66,714 )	20,000
Accruals and deferred income	1,345	1,345
Directors' loan accounts	69,595	4,046,531

	7,124	4,070,743

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	141	141

9. Dividends

	2025	2024
	£	£
On equity shares:
Interim dividend paid	5,200	7,600
Final dividend paid	4,800	5,200

	10,000	12,800

10. Controlling Party

The company's controlling party is Mr T Steiner by virtue of his ownership of 57% of the issued share capital in the company.

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