Company registration number: 02223221

Atlas Industrial Removals Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 6

Atlas Industrial Removals Limited

(Registration number: 02223221)
Balance Sheet as at 31 January 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	126,963	184,035
Current assets
Stocks	5	-	30,610
Debtors	6	3,925,846	3,431,538
Cash at bank and in hand		1,296,547	931,644
		5,222,393	4,393,792
Creditors: Amounts falling due within one year	7	(413,344)	(264,555)
Net current assets		4,809,049	4,129,237
Total assets less current liabilities		4,936,012	4,313,272
Provisions for liabilities
Deferred tax liabilities		(29,181)	(42,088)
Net assets		4,906,831	4,271,184
Capital and reserves
Called up share capital		1,002	1,002
Profit and loss account		4,905,829	4,270,182
Total equity		4,906,831	4,271,184

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 July 2026 and signed on its behalf by:
 

J P D Mclellan Company secretary and director

Atlas Industrial Removals Limited

Notes to the Financial Statements
for the Year Ended 31 January 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Rockingham Park
Smoke Lane
Avonmouth
BRISTOL
BS11 0FJ

2	Accounting policies

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

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.

These financial statements are presented in Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis.

Prior period errors

The prior period has been adjusted to reclassify £106,787 of administrative cost to cost of sales to better reflect the split of wages and salaries. There is no effect on the company's reported profit for the prior year or retained earnings.

Turnover recognition

Turnover is measured at the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

Turnover is recognised as work is carried out by the company.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, 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.

Page 2

Atlas Industrial Removals Limited

Notes to the Financial Statements
for the Year Ended 31 January 2026

The current 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.

Deferred tax is recognised on timing 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 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 are stated at cost, less accumulated depreciation and accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation of tangible assets

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:

Asset class	Depreciation method and rate
Plant and machinery	10% reducing balance
Fixtures and fittings	20% straight line
Motor vehicles	20% straight line

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.

Debtors

Trade debtors are amounts due from customers for 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.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition.

Atlas Industrial Removals Limited

Notes to the Financial Statements
for the Year Ended 31 January 2026

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.

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.

Defined contribution pension obligation

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in the profit and loss account when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year was 13 (2025 - 13).

Atlas Industrial Removals Limited

Notes to the Financial Statements
for the Year Ended 31 January 2026

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Plant and machinery  £	Total £
Cost or valuation
At 1 February 2025	10,670	321,220	59,310	391,200
Disposals	-	(109,502)	-	(109,502)
At 31 January 2026	10,670	211,718	59,310	281,698
Depreciation
At 1 February 2025	10,326	166,510	30,329	207,165
Charge for the year	19	48,995	2,896	51,910
Eliminated on disposal	-	(104,340)	-	(104,340)
At 31 January 2026	10,345	111,165	33,225	154,735
Carrying amount
At 31 January 2026	325	100,553	26,085	126,963
At 31 January 2025	344	154,710	28,981	184,035

5

Stocks

	2026 £	2025 £
Work in progress	-	30,610

6

Debtors

Current	2026 £	2025 £
Trade debtors	348,664	328,514
Amounts owed by group undertakings	3,555,693	3,097,543
Prepayments	21,489	5,481
	3,925,846	3,431,538

The amount owed by group undertaking is unsecured and repayable on demand. Interest is charged at 4.76%.

Atlas Industrial Removals Limited

Notes to the Financial Statements
for the Year Ended 31 January 2026

7

Creditors

	2026 £	2025 £
Due within one year
Trade creditors	60,595	117,018
Taxation and social security	311,768	111,316
Accruals and deferred income	33,442	31,243
Other creditors	7,539	4,978
	413,344	264,555

8	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £28,567 (2025 - £62,847).

9	Related party transactions

Summary of transactions with parent

The company has taken advantage of the exemption in FRS 102 paragraph 33.1A from disclosing transactions with its parent company.

10	Parent and ultimate parent undertaking

The company's immediate parent is King Lifting Limited, incorporated in England and Wales.

 The most senior parent entity producing publicly available financial statements is King Lifting Limited. These financial statements are available upon request from Companies House.

 The ultimate controlling party is R W King.

11	Audit Report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 23 July 2026 was Christopher Walford FCA, who signed for and on behalf of Albert Goodman LLP.