Registered number
11499236
Atherton Distribution Ltd
Filleted Accounts
31 March 2023
Atherton Distribution Ltd
Registered number: 11499236
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 64,534 76,150
Current assets
Debtors 4 22,910 151,990
Cash at bank and in hand 75,936 113,009
98,846 264,999
Creditors: amounts falling due within one year 5 (151,818) (166,562)
Net current (liabilities)/assets (52,972) 98,437
Total assets less current liabilities 11,562 174,587
Creditors: amounts falling due after more than one year 6 (36,194) (29,220)
Net (liabilities)/assets (24,632) 145,367
Capital and reserves
Called up share capital 100 100
Profit and loss account (24,732) 145,267
Shareholder's funds (24,632) 145,367
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Paul Atherton
Director
Approved by the board on 28 November 2023
Atherton Distribution Ltd
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2022 217,066 1,297 218,363
Additions 27,544 3,863 31,407
At 31 March 2023 244,610 5,160 249,770
Depreciation
At 1 April 2022 141,694 519 142,213
Charge for the year 41,166 1,857 43,023
At 31 March 2023 182,860 2,376 185,236
Net book value
At 31 March 2023 61,750 2,784 64,534
At 31 March 2022 75,372 778 76,150
4 Debtors 2023 2022
£ £
Trade debtors 7,484 135,002
Other debtors 15,426 16,988
22,910 151,990
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 80,875 57,949
Taxation and social security costs 19,484 56,056
Other creditors 51,459 52,557
151,818 166,562
6 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 36,194 29,220
7 Other information
Atherton Distribution Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1 Church road
Severn beach
Bristol
BS35 4PW
Atherton Distribution Ltd 11499236 false 2022-04-01 2023-03-31 2023-03-31 VT Final Accounts October 2023 release 2 Paul Atherton No description of principal activity 11499236 2021-04-01 2022-03-31 11499236 core:WithinOneYear 2022-03-31 11499236 core:AfterOneYear 2022-03-31 11499236 core:ShareCapital 2022-03-31 11499236 core:RetainedEarningsAccumulatedLosses 2022-03-31 11499236 2022-04-01 2023-03-31 11499236 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 11499236 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 11499236 bus:Director40 2022-04-01 2023-03-31 11499236 1 2022-04-01 2023-03-31 11499236 2 2022-04-01 2023-03-31 11499236 core:PlantMachinery 2022-04-01 2023-03-31 11499236 core:Vehicles 2022-04-01 2023-03-31 11499236 countries:England 2022-04-01 2023-03-31 11499236 bus:FRS102 2022-04-01 2023-03-31 11499236 bus:FullAccounts 2022-04-01 2023-03-31 11499236 2023-03-31 11499236 core:WithinOneYear 2023-03-31 11499236 core:AfterOneYear 2023-03-31 11499236 core:ShareCapital 2023-03-31 11499236 core:RetainedEarningsAccumulatedLosses 2023-03-31 11499236 core:PlantMachinery 2023-03-31 11499236 core:Vehicles 2023-03-31 11499236 2022-03-31 11499236 core:PlantMachinery 2022-03-31 11499236 core:Vehicles 2022-03-31 iso4217:GBP xbrli:pure