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REGISTERED NUMBER: 08991508 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30th April 2023

for

Atkinson Trailer Hire Limited

Atkinson Trailer Hire Limited (Registered number: 08991508)






Contents of the Financial Statements
for the year ended 30th April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Atkinson Trailer Hire Limited

Company Information
for the year ended 30th April 2023







DIRECTORS: Mr A Atkinson
Mrs K Atkinson
Mr E R J Atkinson
Mrs R Atkinson





REGISTERED OFFICE: Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE





REGISTERED NUMBER: 08991508 (England and Wales)





ACCOUNTANTS: Robin Oatridge & Co Limited
Chartered Certified Accountants
Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE

Atkinson Trailer Hire Limited (Registered number: 08991508)

Balance Sheet
30th April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,000 6,000
Tangible assets 5 850,304 808,527
853,304 814,527

CURRENT ASSETS
Debtors 6 95,931 102,041
Cash at bank 13,950 44,880
109,881 146,921
CREDITORS
Amounts falling due within one year 7 156,171 168,289
NET CURRENT LIABILITIES (46,290 ) (21,368 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

807,014

793,159

CREDITORS
Amounts falling due after more than one
year

8

(484,716

)

(508,769

)

PROVISIONS FOR LIABILITIES (174,511 ) (131,877 )
NET ASSETS 147,787 152,513

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 147,587 152,313
SHAREHOLDERS' FUNDS 147,787 152,513

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2023 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.

Atkinson Trailer Hire Limited (Registered number: 08991508)

Balance Sheet - continued
30th April 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14th November 2023 and were signed on its behalf by:





Mrs R Atkinson - Director


Atkinson Trailer Hire Limited (Registered number: 08991508)

Notes to the Financial Statements
for the year ended 30th April 2023

1. STATUTORY INFORMATION

Atkinson Trailer Hire Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced services provided, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 15% on reducing balance and 10% on reducing balance

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.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

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.

Atkinson Trailer Hire Limited (Registered number: 08991508)

Notes to the Financial Statements - continued
for the year ended 30th April 2023

2. ACCOUNTING POLICIES - continued

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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st May 2022
and 30th April 2023 30,000
AMORTISATION
At 1st May 2022 24,000
Charge for year 3,000
At 30th April 2023 27,000
NET BOOK VALUE
At 30th April 2023 3,000
At 30th April 2022 6,000

Atkinson Trailer Hire Limited (Registered number: 08991508)

Notes to the Financial Statements - continued
for the year ended 30th April 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st May 2022 1,258,403
Additions 129,536
At 30th April 2023 1,387,939
DEPRECIATION
At 1st May 2022 449,876
Charge for year 87,759
At 30th April 2023 537,635
NET BOOK VALUE
At 30th April 2023 850,304
At 30th April 2022 808,527

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st May 2022 353,168
Additions 117,263
Transfer to ownership (146,168 )
At 30th April 2023 324,263
DEPRECIATION
At 1st May 2022 35,437
Charge for year 35,409
Transfer to ownership (36,386 )
At 30th April 2023 34,460
NET BOOK VALUE
At 30th April 2023 289,803
At 30th April 2022 317,731

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 84,765 93,541
Other debtors 11,166 8,500
95,931 102,041

Atkinson Trailer Hire Limited (Registered number: 08991508)

Notes to the Financial Statements - continued
for the year ended 30th April 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 9) 87,186 66,711
Trade creditors 20,569 34,665
Taxation and social security 11,055 20,282
Other creditors 27,361 36,631
156,171 168,289

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 25,833 35,833
Hire purchase contracts (see note 9) 108,883 97,936
Other creditors 350,000 375,000
484,716 508,769

Amounts falling due in more than five years:

Repayable by instalments
Hire purchase - 4,950

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 87,186 66,711
Between one and five years 108,883 92,986
In more than five years - 4,950
196,069 164,647

The company has annual operating lease commitments that expire within four years of £35,280.

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 196,069 164,647

No security has been given in respect of the bank loan, the company's bank overdraft is secured by a personal guarantee from the directors.

Atkinson Trailer Hire Limited (Registered number: 08991508)

Notes to the Financial Statements - continued
for the year ended 30th April 2023

11. CAPITAL COMMITMENTS
2023 2022
£    £   
Contracted but not provided for in the
financial statements 110,500 60,000

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the company are the directors.