General Information
Athena Commercial Interiors Ltd is a company limited by shares and is incorporated in England and Wales. The address of the registered office is C/O Bluewater, Quadrant Court, 49 Calthorpe Road, Birmingham, B15 1TH. The nature of the company's operations and its principal activity was that of commercial property fit-out works and IT Infrastructure sales.
| 1. |
Accounting policies
Significant accounting policies
The company's financial statements have been prepared in compliance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' and the Companies Act 2006.
The financial statements have been prepared under the historical cost convention and on a going concern basis. The financial statements comprise the unaudited financial statements of the company up to 30 June each year, and are stated in pound sterling, the company's functional and presentational currency.
The principal accounting policies applied in the preparation of these financial statements are set out below, these policies have been applied consistently to all the years presented, unless otherwise stated.
Turnover
Revenue comprises the value of services supplied during the period, to the extent that there is a right to receive consideration and is recorded at the fair value of consideration received or receivable, excluding value added tax.
Revenue for project contracts is recognised when the outcome of a contract can be reliably measured. Revenue and costs associated with the contract are recognised by reference to the stage of completion of the contract activity at the reporting date. This is normally measured by reference to contract milestones completed to date.
Where the outcome of a project contract cannot be reliably measured, contract revenue is recognised to the extent of contract costs incurred to date, where it is probably they will be recoverable. Contract costs are recognised as an expense in the period in which they are incurred.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Intangible assets
Intangible assets are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Leasehold Property |
20% Straight Line |
| Plant and Machinery |
20% Straight Line
|
| Motor Vehicles |
25% Reducing Balance
|
| Fixtures and Fittings |
20% Straight Line
|
| Computer Equipment |
33% Straight Line
|
Stocks
Stocks and work in progress, are valued at the lower of cost and estimated selling price less costs to complete and sell which is equivalent to the net realisable value. Costs comprise direct materials, direct labour costs and those overheads which have been incurred in bringing the stocks to their present location and condition. Management assesses the cost held and where required will book a provision against the stock.
Properties held for sale, are stated at the lower of cost and net realisable value.
|
| 2. |
Employees and Directors
Average number of employees during the year was 12 (2025 : 4).
|
| 3. |
Intangible fixed assets
| Cost |
Website |
|
Total |
| |
£ |
|
£ |
| At 01 July 2025 |
7,000 |
|
7,000 |
| Additions |
4,600 |
|
4,600 |
| Disposals |
- |
|
- |
| At 30 June 2026 |
11,600 |
|
11,600 |
| Amortisation |
| At 01 July 2025 |
4,620 |
|
4,620 |
| Charge for year |
3,164 |
|
3,164 |
| On disposals |
- |
|
- |
| At 30 June 2026 |
7,784 |
|
7,784 |
| Net book values |
| At 30 June 2026 |
3,816 |
|
3,816 |
| At 30 June 2025 |
2,380 |
|
2,380 |
|
| 4. |
Tangible fixed assets
| Cost or valuation |
Leasehold Property |
|
Plant and Machinery |
|
Motor Vehicles |
|
Fixtures and Fittings |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
|
£ |
|
£ |
| At 01 July 2025 |
- |
|
268 |
|
125,447 |
|
986 |
|
24,178 |
|
150,879 |
| Additions |
9,785 |
|
134 |
|
- |
|
- |
|
4,110 |
|
14,029 |
| Disposals |
- |
|
- |
|
- |
|
- |
|
- |
|
- |
| At 30 June 2026 |
9,785 |
|
402 |
|
125,447 |
|
986 |
|
28,288 |
|
164,908 |
| Depreciation |
| At 01 July 2025 |
- |
|
134 |
|
20,908 |
|
143 |
|
7,895 |
|
29,080 |
| Charge for year |
326 |
|
143 |
|
26,135 |
|
198 |
|
9,213 |
|
36,015 |
| On disposals |
- |
|
- |
|
- |
|
- |
|
- |
|
- |
| At 30 June 2026 |
326 |
|
277 |
|
47,043 |
|
341 |
|
17,108 |
|
65,095 |
| Net book values |
| Closing balance as at 30 June 2026 |
9,459 |
|
125 |
|
78,404 |
|
645 |
|
11,180 |
|
99,813 |
| Opening balance as at 01 July 2025 |
- |
|
134 |
|
104,539 |
|
843 |
|
16,283 |
|
121,799 |
|
| 5. |
Share Capital
Allotted, called up and fully paid
|
2026
£ |
|
2025
£ |
|
100
Ordinary shares of £1.00 each |
100 |
|
100 |
|
11
B Ordinary shares of £1.00 each |
11 |
|
11 |
|
111 |
|
111 |
|
2
|