Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-312022-02-013falsefalseNo description of principal activity2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04635826 2022-02-01 2023-01-31 04635826 2021-02-01 2022-01-31 04635826 2023-01-31 04635826 2022-01-31 04635826 c:Director1 2022-02-01 2023-01-31 04635826 c:RegisteredOffice 2022-02-01 2023-01-31 04635826 d:PlantMachinery 2022-02-01 2023-01-31 04635826 d:PlantMachinery 2023-01-31 04635826 d:PlantMachinery 2022-01-31 04635826 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 04635826 d:MotorVehicles 2022-02-01 2023-01-31 04635826 d:OfficeEquipment 2022-02-01 2023-01-31 04635826 d:OfficeEquipment 2023-01-31 04635826 d:OfficeEquipment 2022-01-31 04635826 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 04635826 d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 04635826 d:CurrentFinancialInstruments 2023-01-31 04635826 d:CurrentFinancialInstruments 2022-01-31 04635826 d:Non-currentFinancialInstruments 2023-01-31 04635826 d:Non-currentFinancialInstruments 2022-01-31 04635826 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 04635826 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 04635826 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 04635826 d:Non-currentFinancialInstruments d:AfterOneYear 2022-01-31 04635826 d:ShareCapital 2023-01-31 04635826 d:ShareCapital 2022-01-31 04635826 d:RetainedEarningsAccumulatedLosses 2023-01-31 04635826 d:RetainedEarningsAccumulatedLosses 2022-01-31 04635826 c:FRS102 2022-02-01 2023-01-31 04635826 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 04635826 c:FullAccounts 2022-02-01 2023-01-31 04635826 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 04635826 2 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure
Company registration number: 04635826







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JANUARY 2023


GEORGE ATKINS PLANT HIRE LTD






































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GEORGE ATKINS PLANT HIRE LTD
 


 
COMPANY INFORMATION


Director
Mr G M L Atkins 




Registered number
04635826



Registered office
3000a Parkway

Whiteley

Hampshire

PO15 7FX




Accountants
Menzies LLP
Chartered Accountants

3000a Parkway

Whiteley

Hampshire

PO15 7FX





 


GEORGE ATKINS PLANT HIRE LTD
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 7


 


GEORGE ATKINS PLANT HIRE LTD
REGISTERED NUMBER:04635826



STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
143,348
83,612

  
143,348
83,612

Current assets
  

Stocks
  
5,500
5,500

Debtors: amounts falling due within one year
 5 
10,102
4,824

Cash at bank and in hand
  
17,119
42,855

  
32,721
53,179

Creditors: amounts falling due within one year
 6 
(86,399)
(78,471)

Net current liabilities
  
 
 
(53,678)
 
 
(25,292)

Total assets less current liabilities
  
89,670
58,320

Creditors: amounts falling due after more than one year
 7 
(57,760)
(37,381)

Provisions for liabilities
  

Deferred tax
  
(35,837)
(20,903)

  
 
 
(35,837)
 
 
(20,903)

Net (liabilities)/assets
  
(3,927)
36

Page 1

 


GEORGE ATKINS PLANT HIRE LTD
REGISTERED NUMBER:04635826


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(3,929)
34

  
(3,927)
36


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






Mr G M L Atkins
Director

Date: 26 October 2023


The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


GEORGE ATKINS PLANT HIRE LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

George Atkins Plant Hire Limited is a private company limited by shares registered in England and Wales. The address of its principal place of business is Longwalk Stables, St Peters Avenue, Hayling Island Hampshire PO11 0SA. The address of its registered office is disclosed on the company information page.
The presentation currency is £GB rounded to the nearest £1.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 


GEORGE ATKINS PLANT HIRE LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on  a reducing balance basis for plant and machinery and straight line basis for office equipment.

Depreciation is provided on the following basis:

Plant and machinery
-
15%
Written down value
Motor vehicles
-
25%
Written down value
Office equipment
-
33%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 


GEORGE ATKINS PLANT HIRE LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 2).

Page 5

 


GEORGE ATKINS PLANT HIRE LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

4.


Tangible fixed assets





Plant and machinery
Office equipment
Total

£
£
£



Cost or valuation


At 1 February 2022
293,819
6,314
300,133


Additions
116,443
-
116,443


Disposals
(69,521)
-
(69,521)



At 31 January 2023

340,741
6,314
347,055



Depreciation


At 1 February 2022
210,868
5,653
216,521


Charge for the year on owned assets
47,771
602
48,373


Disposals
(61,187)
-
(61,187)



At 31 January 2023

197,452
6,255
203,707



Net book value



At 31 January 2023
143,289
59
143,348



At 31 January 2022
82,951
661
83,612


5.


Debtors

2023
2022
£
£


Trade debtors
5,519
4,824

Other debtors
4,583
-

10,102
4,824


Page 6

 


GEORGE ATKINS PLANT HIRE LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
8,000
8,000

Trade creditors
41,569
11,116

Corporation tax
-
12,453

Other taxation and social security
6,834
17,891

Obligations under finance lease and hire purchase contracts
22,433
14,167

Other creditors
3,438
11,094

Accruals and deferred income
4,125
3,750

86,399
78,471



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
22,393
30,048

Net obligations under finance leases and hire purchase contracts
35,367
7,333

57,760
37,381



8.


Related party transactions

At the balance sheet date the company owed the director £842 (2022 - £233) in respect of director's loan account. The director's loan is undated, unsecured and interest free.

Page 7