ATLAS JET LIMITED


Directors	HAYTON, Toby
	MCNEILL, Stuart
	MILLAR, Connor


Registered Address	International House
	6 South Molton Street
	London
	W1K 5QF


Registered Number	12985151 (England and Wales)

Statement of Financial Position
31 October 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		48,800		44,691
			48,800		44,691
Current assets
Debtors	4	449,993		427,936
Cash at bank and on hand		370,684		144,105
		820,677		572,041
Creditors amounts falling due within one year	5	(603,290)		(460,112)
Net current assets (liabilities)			217,387		111,929
Total assets less current liabilities			266,187		156,620
Provisions for liabilities	6		(12,200)		(11,173)
Net assets			253,987		145,447
Capital and reserves
Called up share capital			277		277
Share premium			115,903		115,903
Profit and loss account			137,807		29,267
Shareholders' funds			253,987		145,447

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 28 October 2026, and are signed on its behalf by:

HAYTON, Toby
Director

MILLAR, Connor
Director

Registered Company No. 12985151

ATLAS JET LIMITED

Notes to the Financial Statements
for the year ended 31 October 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	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/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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 policy

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/or the rendering of services.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 

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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Plant and machinery	5
	Office Equipment	3

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Plant & machinery	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 November 24	79,185	3,965	83,150
Additions	22,489	-	22,489
At 31 October 25	101,674	3,965	105,639
Depreciation and impairment
At 01 November 24	35,723	2,736	38,459
Charge for year	17,185	1,195	18,380
At 31 October 25	52,908	3,931	56,839
Net book value
At 31 October 25	48,766	34	48,800
At 31 October 24	43,462	1,229	44,691

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	442,027	412,870
Other debtors	7,966	15,066
Total	449,993	427,936

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	138,307	12,441
Bank borrowings and overdrafts	514	514
Taxation and social security	44,025	1,727
Other creditors	1,794	1,794
Accrued liabilities and deferred income	418,650	443,636
Total	603,290	460,112

6.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	12,200	11,173
Total	12,200	11,173

7.	Directors advances, credits and guarantees

	Brought forward	Amount advanced	Amount repaid	Carried forward
	£	£	£	£
HAYTON, Toby	1,979	4,457	1,979	4,457
MILLAR, Connor	2,541	3,509	2,541	3,509
	4,520	7,966	4,520	7,966

8.	Prior period policy changes
	Transition to FRS 102 These financial statements are the company's first financial statements prepared in accordance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. The company previously prepared its financial statements under FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime. The date of transition to FRS 102 was 1 November 2024. On transition, the company recognised a deferred tax liability of £11,173 in respect of timing differences that were not recognised under FRS 105. The adjustment reduced opening reserves and profit for the year ended 31 October 2024 by £11,173. The effect of the transition on the company's net assets is summarised below: £ Net assets under FRS 105 156,620 Deferred tax recognised (11,173) Net assets under FRS 102 145,447

Prior period policy changes

Transition to FRS 102

These financial statements are the company's first financial statements prepared in accordance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. The company previously prepared its financial statements under FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime.

The date of transition to FRS 102 was 1 November 2024.

On transition, the company recognised a deferred tax liability of £11,173 in respect of timing differences that were not recognised under FRS 105. The adjustment reduced opening reserves and profit for the year ended 31 October 2024 by £11,173.

The effect of the transition on the company's net assets is summarised below:

                                              £
Net assets under FRS 105                156,620
Deferred tax recognised                 (11,173)
Net assets under FRS 102                 145,447