ATOMIC_LONDON_LIMITED - Accounts

ATOMIC LONDON LIMITED - Company Information

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Company Registration No. 08013542 (England and Wales)

ATOMIC LONDON LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2015

ATOMIC LONDON LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

ATOMIC LONDON LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

125,609

168,079

Current assets

Debtors

1,037,654

951,553

Cash at bank and in hand

999,209

1,319,587

2,036,863

2,271,140

Creditors: amounts falling due within one year

(1,685,797)

(2,187,502)

Net current assets

351,066

83,638

Total assets less current liabilities

476,675

251,717

Provisions for liabilities

(26,378)

(35,771)

450,297

215,946

Capital and reserves

Called up share capital

9,600

Profit and loss account

440,697

206,346

Shareholders' funds

450,297

215,946

For the financial year ended 30 June 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 2 September 2015

Mr J R Goulding

Mr G J Bradbury

Director

Company Registration No. 08013542

ATOMIC LONDON LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

25% Straight Line

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.6

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

ATOMIC LONDON LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2015

- 3 -

Fixed assets

Tangible assets

Cost

At 1 July 2014

184,350

Additions

4,728

At 30 June 2015

189,078

Depreciation

At 1 July 2014

16,272

Charge for the year

47,197

At 30 June 2015

63,469

Net book value

At 30 June 2015

125,609

At 30 June 2014

168,079

Share capital

2015

2014

Allotted, called up and fully paid

9,200 Ordinary Shares of £1 each

9,200

100 Ordinary A Share of £1 each

100

100 Ordinary B Share of £1 each

100

100 Ordinary C Shares of £1 each

100

100 Ordinary D Shares of £1 each

100

9,600

Related party relationships and transactions

Controlling party

There is no one party having overall control of the company.