Company Registration No. 10449607 (England and Wales)
Advanced Technology Trading Company Ltd
Unaudited accounts
for the year ended 31 January 2021
Advanced Technology Trading Company Ltd
Unaudited accounts
Contents
Advanced Technology Trading Company Ltd
Company Information
for the year ended 31 January 2021
Directors
Mr C Full
Mr S M Nolan
Mr H J Tuffnail
Mr J Bosher
Company Number
10449607 (England and Wales)
Registered Office
Moreton House
31 High Street
Buckingham
Buckinghamshire
MK18 1NU
Accountants
Anthistle Craven
Moreton House
31 High Street
Buckingham
Bucks
MK18 1NU
Advanced Technology Trading Company Ltd
Statement of financial position
as at
31 January 2021
Investments
2,680,717
2,680,717
Cash at bank and in hand
203,387
21,072
Creditors: amounts falling due within one year
(1,216,568)
(945,152)
Net current liabilities
(644,337)
(622,884)
Net assets
2,036,380
2,058,919
Called up share capital
196
196
Share premium
2,477,406
2,477,406
Profit and loss account
(441,222)
(418,683)
Shareholders' funds
2,036,380
2,058,919
For the year ending 31 January 2021 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 April 2021 and were signed on its behalf by
Mr J Bosher
Director
Company Registration No. 10449607
Advanced Technology Trading Company Ltd
Notes to the Accounts
for the year ended 31 January 2021
Advanced Technology Trading Company Ltd is a private company, limited by shares, registered in England and Wales, registration number 10449607. The registered office is Moreton House, 31 High Street, Buckingham, Buckinghamshire, MK18 1NU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Straight Line
Computer equipment
33 % Straight Line
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Investments in subsidiaries are measured at cost less accumulated impairment.
Advanced Technology Trading Company Ltd
Notes to the Accounts
for the year ended 31 January 2021
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2020
5,431
3,484
8,915
At 31 January 2021
5,431
3,484
8,915
At 1 February 2020
4,345
3,484
7,829
Charge for the year
1,086
-
1,086
At 31 January 2021
5,431
3,484
8,915
At 31 January 2020
1,086
-
1,086
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Investments
Subsidiary undertakings
Valuation at 1 February 2020
2,680,717
Valuation at 31 January 2021
2,680,717
Trade debtors
286,007
254,592
Accrued income and prepayments
7,122
5,462
Total debtors less than one year
368,844
301,196
Total debtors
368,844
301,196
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Creditors: amounts falling due within one year
2021
2020
Trade creditors
96,766
23,686
Amounts owed to group undertakings and other participating interests
839,981
635,049
Taxes and social security
6,621
6,632
Other creditors
4,227
6,277
Advanced Technology Trading Company Ltd
Notes to the Accounts
for the year ended 31 January 2021
8
Share capital
2021
2020
Allotted, called up and fully paid:
196 Ordinary shares of £1 each
196
196
9
Transactions with related parties
Included in Turnover in the current year there are £90,915, (2020 - £200,399) cross charged invoices relating to EKM Global Limited, the subsidiary company of Advanced Technology Trading Company Limited.
Included in Other Direct Costs in the current year there are £619,798 (2020 - £357,716) cross charged expenses relating to EKM Global Limited, the subsidiary company of Advanced Technology Trading Company Limited.
At 31 January 2021, £896,648 (2020 - £635,049) was owed to EKM Global Limited from its parent company Advanced Technology Trading Company Limited.
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Average number of employees
During the year the average number of employees was 1 (2020: 3).