ATLAS DEPOSITS LIMITED - Limited company accounts 11.4

REGISTERED NUMBER: 07255289 (England and Wales)

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2014

FOR

ATLAS DEPOSITS LIMITED

Page

Company Information

1

Report of the Directors

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTORS:

F D Kaimakamis

Adonis Kaimakamis

SECRETARY:

Andreas Kaimakamis

REGISTERED OFFICE:

4 South Ealing Road

Ealing

London

W5 4QA

REGISTERED NUMBER:

07255289 (England and Wales)

ACCOUNTANTS:

C. Charles & Co Limited

Chartered Certified Accountants

Argyle Court

105 Seven Sisters Road

London

N7 7QP

The directors present their report with the financial statements of the company for the year ended

31st May 2014.

DIRECTORS

The directors shown below have held office during the whole of the period from 1st June 2013 to the date of

this report.

F D Kaimakamis

Adonis Kaimakamis

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act

2006 relating to small companies.

ON BEHALF OF THE BOARD:

Adonis Kaimakamis - Director

24th July 2014

TURNOVER

2,000

-

Administrative expenses

3,917

3,157

OPERATING LOSS

2

(1,917

)

(3,157

)

Interest receivable and similar income

2,903

7,510

PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION

986

4,353

Tax on profit on ordinary activities

3

197

1,089

PROFIT FOR THE FINANCIAL
YEAR

789

3,264

CURRENT ASSETS

Debtors

4

3,787

1,567

Cash at bank and in hand

746,971

929,150

750,758

930,717

CREDITORS

Amounts falling due within one year

5

740,137

920,885

NET CURRENT ASSETS

10,621

9,832

TOTAL ASSETS LESS CURRENT
LIABILITIES

10,621

9,832

CAPITAL AND RESERVES

Called up share capital

6

100

Profit and loss account

7

10,521

9,732

SHAREHOLDERS' FUNDS

10,621

9,832

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 24th July 2014 and were signed on its
behalf by:

Adonis Kaimakamis - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.	OPERATING LOSS

The operating loss is stated after charging:

2014

2013

£

Directors' remuneration and other benefits etc

-

3.

TAXATION

Analysis of the tax charge

The tax charge on the profit on ordinary activities for the year was as follows:

2014

2013

£

Current tax:

UK corporation tax

197

1,089

Tax on profit on ordinary activities

197

1,089

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2014

2013

£

Trade debtors

2,000

-

Other debtors

1,787

1,567

3,787

1,567

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2014

2013

£

Bank loans and overdrafts

24

-

Trade creditors

738,576

919,234

Taxation and social security

197

871

Other creditors

1,340

780

740,137

920,885

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

100

Ordinary

£1

100

7.

RESERVES

Profit

and loss

account

£

At 1st June 2013

9,732

Profit for the year

789

At 31st May 2014

10,521