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Unaudited Financial Statements |
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for the Year Ended 30th April 2017 |
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for |
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Ataman Trading Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 30th April 2017 |
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for |
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Ataman Trading Limited |
Ataman Trading Limited (Registered number: 03746572) |
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Contents of the Financial Statements |
for the Year Ended 30th April 2017 |
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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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Ataman Trading Limited |
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Company Information |
for the Year Ended 30th April 2017 |
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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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272 Regents Park Road |
London |
N3 3HN |
Ataman Trading Limited (Registered number: 03746572) |
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Balance Sheet |
30th April 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks | 5 |
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Debtors | 6 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
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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. |
Ataman Trading Limited (Registered number: 03746572) |
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Balance Sheet - continued |
30th April 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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Ataman Trading Limited (Registered number: 03746572) |
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Notes to the Financial Statements |
for the Year Ended 30th April 2017 |
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1. | STATUTORY INFORMATION |
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Ataman Trading Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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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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Tangible fixed assets |
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Plant and machinery etc | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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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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Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
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The interest element of these obligations is charged to profit or loss over the relevant period. The capital element |
of the future payments is treated as a liability. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
Ataman Trading Limited (Registered number: 03746572) |
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Notes to the Financial Statements - continued |
for the Year Ended 30th April 2017 |
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2. | ACCOUNTING POLICIES - continued |
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Factoring |
The company's sales ledger is maintained by a factoring company. Since the transfer of assets to the factoring |
company will result in no significant change in the company's rights or other access to benefits relating to those |
assets, or its exposure in the risks inherent on those benefits, the company has shown as debtors the full value of |
sales invoices outstanding as at the year end and as creditors the full value of moneys advanced to it by the |
factoring company as at the year end. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Short | Plant and | Motor |
leasehold | machinery | vehicles | Totals |
£ | £ | £ | £ |
COST |
At 1st May 2016 |
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Additions |
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Disposals | ( |
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At 30th April 2017 |
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DEPRECIATION |
At 1st May 2016 |
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Charge for year |
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Eliminated on disposal | ( |
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At 30th April 2017 |
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NET BOOK VALUE |
At 30th April 2017 |
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At 30th April 2016 |
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Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Motor |
vehicles |
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COST |
At 1st May 2016 |
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Disposals | ( |
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At 30th April 2017 |
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DEPRECIATION |
At 1st May 2016 |
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Eliminated on disposal | ( |
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At 30th April 2017 |
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NET BOOK VALUE |
At 30th April 2017 |
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At 30th April 2016 |
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Ataman Trading Limited (Registered number: 03746572) |
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Notes to the Financial Statements - continued |
for the Year Ended 30th April 2017 |
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5. | STOCKS |
2017 | 2016 |
£ | £ |
Stocks |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
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Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Hire purchase contracts |
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Trade creditors |
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Tax |
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VAT | 328 | 71,455 |
Other creditors |
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Directors' current accounts | 3,805 | 2,664 |
Accrued expenses |
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8. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2017 | 2016 |
£ | £ |
Hire purchase contracts | - | 8,933 |
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9. | ULTIMATE CONTROLLING PARTY |
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The company is under the control of the director, Mr J Singh , who together with his family own 100% of the shares. |