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Unaudited Financial Statements |
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for the Year Ended 31 July 2018 |
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Atom Fabrications Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31 July 2018 |
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for |
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Atom Fabrications Limited |
Atom Fabrications Limited (Registered number: 03407253) |
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Contents of the Financial Statements |
for the Year Ended 31 July 2018 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Atom Fabrications Limited |
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Company Information |
for the Year Ended 31 July 2018 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
21 Gold Tops |
Newport |
South Wales |
NP20 4PG |
Atom Fabrications Limited (Registered number: 03407253) |
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Balance Sheet |
31 July 2018 |
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31.7.18 | 31.7.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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( |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS/(LIABILITIES) |
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( |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS |
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( |
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The director acknowledges his responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as
at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
Atom Fabrications Limited (Registered number: 03407253) |
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Balance Sheet - continued |
31 July 2018 |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved and authorised for issue by the director on
signed by: |
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Atom Fabrications Limited (Registered number: 03407253) |
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Notes to the Financial Statements |
for the Year Ended 31 July 2018 |
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1. | STATUTORY INFORMATION |
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Atom Fabrications Limited is a private company, limited by shares and is incorporated in England |
and Wales. The company's registered number is 03407253, the address of its registered office and |
principal place of business is Llancayo Farm, Gwehelog, Usk, Monmouthshire, NP15 1HY. |
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The nature of the company's operations and principal activity is that of financial activities and |
management services. |
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These financial statements are the company's separate financial statements, covering the year to 31 |
July 2018 and are presented in Sterling (£), the company's functional currency, rounded to the |
nearest pound. |
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The accounting policies applied in the presentation of these financial statements are set out below. |
These policies have been consistently applied to all periods presented unless otherwise stated. |
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2. | STATEMENT OF COMPLIANCE |
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The individual financial statements of Atom Fabrications Limited have been prepared in accordance |
with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The |
Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act |
2006. |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The financial statements have been prepared on the going concern basis as the director believes that |
the company has the continued support of himself as director and other creditors and will be able to |
obtain sufficient funding to secure the continued financing of the company's activities for the |
foreseeable future. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding |
discounts, rebates, value added tax and other sales taxes. |
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Turnover represents the fair value of the sale of services (excluding value added tax) provided during |
the year on client projects. Turnover is recognised as contract activity progresses and the right to |
consideration is earned. Fair value reflects the amount expected to be recoverable from clients and is |
based on time spent, skills and expertise provided and expenditure incurred. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Atom Fabrications Limited (Registered number: 03407253) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 July 2018 |
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3. | ACCOUNTING POLICIES - continued |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, |
except to the extent that it relates to items recognised in other comprehensive income or directly in |
equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
enacted or substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
different from those in which they are recognised in financial statements. Deferred tax is measured |
using tax rates and laws that have been enacted or substantively enacted by the year end and that are |
expected to apply to the reversal of the timing difference. |
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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. |
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Loan interest receivable and payable |
Loan interest receivable and payable has been provided for on an accruals basis. |
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 August 2017 |
and 31 July 2018 |
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DEPRECIATION |
At 1 August 2017 |
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Charge for year |
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At 31 July 2018 |
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NET BOOK VALUE |
At 31 July 2018 |
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At 31 July 2017 |
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Atom Fabrications Limited (Registered number: 03407253) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 July 2018 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.18 | 31.7.17 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.18 | 31.7.17 |
£ | £ |
Taxation and social security |
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Other creditors |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.7.18 | 31.7.17 |
value: | £ | £ |
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Ordinary | £1 | 100 | 100 |
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8. | RELATED PARTY DISCLOSURES |
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During the year, transactions with those individuals holding a participating interest were as follows: |
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Income includes £8,000 from a connected party of which key management personnel hold a |
participating interest |
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Dividends of £5,000 were paid. |
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At the year end, included in creditors is the sum of £9,319 (2017:£3,319) owed to those individuals |
holding a participating interest. There is no fixed repayment date on this outstanding balance and no |
interest has been charged. |
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Included in creditors is the sum of £36,257 (2017:£42,095) owed to a connected party of which key |
management personnel hold a participating interest. There is no fixed repayment date on this |
outstanding balance. Interest has been charged at £1,362 (2017:£1,019). |
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Included in debtors is the sum of £8,000 (2017:£0) owed by a connected party of which key |
management personnel hold a participating interest. There is no fixed repayment date on this |
outstanding balance. |