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REGISTERED NUMBER: 01069468 (England and Wales)




















Financial Statements

for the Year Ended 31 March 2023

for

Avery Knight & Bowlers
Engineering Limited

Avery Knight & Bowlers
Engineering Limited (Registered number: 01069468)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Avery Knight & Bowlers
Engineering Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: C R Atkinson
S T Pearce
G P Atkinson
G R Atkinson





REGISTERED OFFICE: Moat Works
Moat Road
West Wilts Trading Estate
Westbury
Wiltshire
BA13 4JF





REGISTERED NUMBER: 01069468 (England and Wales)

Avery Knight & Bowlers
Engineering Limited (Registered number: 01069468)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,400 21,408

CURRENT ASSETS
Stocks 5 97,649 96,497
Debtors 6 111,844 89,306
Cash at bank 42,566 58,844
252,059 244,647
CREDITORS
Amounts falling due within one year 7 260,255 242,351
NET CURRENT (LIABILITIES)/ASSETS (8,196 ) 2,296
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,204

23,704

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings (9,796 ) 3,704
SHAREHOLDERS' FUNDS 10,204 23,704

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 21 November 2023 and were signed on its behalf by:





S T Pearce - Director


Avery Knight & Bowlers
Engineering Limited (Registered number: 01069468)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Avery Knight & Bowlers Engineering 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
Although the company has sustained a loss for the year, the directors have received confirmation of ongoing group support for the period of at least twelve months from the date of signing of these financial statements. On the basis of this support, and a review of cashflow forecasts for the same period, they remain of the view that the company can continue to operate as a going concern. The financial statements have therefore been prepared on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for customer returns, rebates or other similar allowances and is net of value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
- the company has transferred to the buyer the significant risks and rewards of ownership of the goods;
- the company retains neither continuing managerial involvement to the degree associated with ownership nor effective control over the goods sold;
- the amount of revenue can be measured reliably;
- it is probable that the economic benefits associated with the transaction can be measured reliably.

Specifically, revenue from the sale of goods is primarily recognised upon delivery of goods to customers.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on straight line basis

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.


Avery Knight & Bowlers
Engineering Limited (Registered number: 01069468)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
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.

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 12 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2022 1,446 17,506 896
Additions - - 1,935
At 31 March 2023 1,446 17,506 2,831
DEPRECIATION
At 1 April 2022 698 9,083 498
Charge for year 112 1,263 351
At 31 March 2023 810 10,346 849
NET BOOK VALUE
At 31 March 2023 636 7,160 1,982
At 31 March 2022 748 8,423 398

Avery Knight & Bowlers
Engineering Limited (Registered number: 01069468)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 54,839 20,224 94,911
Additions - - 1,935
At 31 March 2023 54,839 20,224 96,846
DEPRECIATION
At 1 April 2022 43,379 19,845 73,503
Charge for year 2,865 352 4,943
At 31 March 2023 46,244 20,197 78,446
NET BOOK VALUE
At 31 March 2023 8,595 27 18,400
At 31 March 2022 11,460 379 21,408

5. STOCKS
2023 2022
£    £   
Finished goods 97,649 96,497

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 95,641 73,234
Prepayments and accrued income 16,203 16,072
111,844 89,306

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 97,599 113,880
Amounts owed to group undertakings 125,861 91,944
Social security and other taxes 25,298 23,254
Other creditors 1,480 1,787
Accruals and deferred income 10,017 11,486
260,255 242,351

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 50,000 50,000
Between one and five years 200,000 200,000
In more than five years 25,000 75,000
275,000 325,000

Avery Knight & Bowlers
Engineering Limited (Registered number: 01069468)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Martin Longmore (Senior Statutory Auditor)
for and on behalf of Sumer Audit

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. ULTIMATE CONTROLLING PARTY

There is no one ultimate controlling party.

12. ULTIMATE PARENT COMPANY

Atkinson Equipment Group Limited is regarded by the directors as being the company's ultimate parent company.

Atkinson Equipment Group Limited prepares group accounts incorporating the results of Avery Knight & Bowlers Engineering Limited. Atkinson Equipment Group Limited is incorporated in the United Kingdom, with its registered office at Moat Works, Moat Road, West Wilts Trading Estate, Westbury, Wilts, BA13 4JF.