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REGISTERED NUMBER: 01081973 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

BATESON TRAILERS LIMITED

BATESON TRAILERS LIMITED (REGISTERED NUMBER: 01081973)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


BATESON TRAILERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: B L Bateson
S Bateson





REGISTERED OFFICE: Doodfield Works
Windlehurst Road
Marple
Stockport
Cheshire
SK6 7EN





REGISTERED NUMBER: 01081973 (England and Wales)






BATESON TRAILERS LIMITED (REGISTERED NUMBER: 01081973)

ABRIDGED BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 959,453 892,415
Investment property 5 426,057 426,057
1,385,510 1,318,472

CURRENT ASSETS
Stocks 1,034,600 914,964
Debtors 469,567 534,500
Cash at bank and in hand 964,606 766,305
2,468,773 2,215,769
CREDITORS
Amounts falling due within one year 839,932 688,300
NET CURRENT ASSETS 1,628,841 1,527,469
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,014,351

2,845,941

PROVISIONS FOR LIABILITIES 115,000 76,000
NET ASSETS 2,899,351 2,769,941

CAPITAL AND RESERVES
Called up share capital 6 100,000 100,000
Other reserves 90,000 90,000
Retained earnings 2,709,351 2,579,941
SHAREHOLDERS' FUNDS 2,899,351 2,769,941

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

BATESON TRAILERS LIMITED (REGISTERED NUMBER: 01081973)

ABRIDGED BALANCE SHEET - continued
31ST DECEMBER 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 1st March 2024 and were signed on its behalf by:




B L Bateson - Director



S Bateson - Director


BATESON TRAILERS LIMITED (REGISTERED NUMBER: 01081973)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

Bateson Trailers 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - various rates on cost
Plant and machinery - various rates on cost and at variable rates on reducing balance
Motor vehicles - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

BATESON TRAILERS LIMITED (REGISTERED NUMBER: 01081973)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

2. ACCOUNTING POLICIES - continued

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 37 (2022 - 37 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st January 2023 1,904,953
Additions 179,013
Disposals (10,035 )
At 31st December 2023 2,073,931
DEPRECIATION
At 1st January 2023 1,012,538
Charge for year 109,475
Eliminated on disposal (7,535 )
At 31st December 2023 1,114,478
NET BOOK VALUE
At 31st December 2023 959,453
At 31st December 2022 892,415

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2023
and 31st December 2023 426,057
NET BOOK VALUE
At 31st December 2023 426,057
At 31st December 2022 426,057

The value of investment properties, which have been included at cost, have been considered by the directors. The directors believe this to be an appropriate value in line with the the state of the rental market in the area where the properties are situated.

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100,000 Ordinary £1 100,000 100,000

BATESON TRAILERS LIMITED (REGISTERED NUMBER: 01081973)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

6. CALLED UP SHARE CAPITAL - continued

The allotted, called up and fully paid shares comprise:
5,000 Ordinary A shares of £1 each
5,000 Ordinary B shares of £1 each
80,000 Ordinary C shares of £1 each
10,000 Ordinary D shares of £1 each

7. ULTIMATE CONTROLLING PARTY

The controlling party is B L Bateson.