1 January 2023 v2024.5.2 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP005427962023-01-012023-12-31005427962023-12-31005427962022-12-3100542796core:WithinOneYear2023-12-3100542796core:WithinOneYear2022-12-3100542796core:ShareCapital2023-12-3100542796core:ShareCapital2022-12-3100542796core:RetainedEarningsAccumulatedLosses2023-12-3100542796core:RetainedEarningsAccumulatedLosses2022-12-3100542796bus:Director12023-01-012023-12-3100542796bus:RegisteredOffice2023-01-012023-12-3100542796core:PlantMachinery2023-01-012023-12-3100542796core:FurnitureFittingsToolsEquipment2023-01-012023-12-3100542796core:MotorVehicles2023-01-012023-12-31005427962022-01-012022-12-3100542796core:PlantMachinery2023-01-0100542796core:PlantMachinery2023-12-3100542796core:PlantMachinery2022-12-310054279612023-01-012023-12-3100542796countries:EnglandWales2023-01-012023-12-3100542796bus:AuditExemptWithAccountantsReport2023-01-012023-12-3100542796bus:PrivateLimitedCompanyLtd2023-01-012023-12-3100542796bus:SmallEntities2023-01-012023-12-3100542796bus:FullAccounts2023-01-012023-12-3100542796bus:CompanySecretary12023-01-012023-12-31
Company registration number:
00542796
A.T. SIDDONS & SONS LIMITED
Unaudited Filleted Financial Statements for the year ended
31 December 2023
Christie Holyland Limited
Chartered Certified Accountants
7 High View Close, Hamilton Office Park, Leicester, Leicestershire, LE4 9LJ, United Kingdom
A.T. SIDDONS & SONS LIMITED
Report to the board of directors on the preparation of the unaudited statutory financial statements of A.T. SIDDONS & SONS LIMITED
Year ended
31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements
of
A.T. SIDDONS & SONS LIMITED
for the year ended
31 December 2023
which comprise the income statement, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Members/​Doc/​rule/​2018-rulebook.pdf.
This report is made solely to the Board of Directors of
A.T. SIDDONS & SONS LIMITED
, as a body, in accordance with the terms of our engagement letter dated 17 May 2021. Our work has been undertaken solely to prepare for your approval the
financial statements
of
A.T. SIDDONS & SONS LIMITED
and state those matters that we have agreed to state to the Board of Directors of
A.T. SIDDONS & SONS LIMITED
, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Technical/​fact/​technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
A.T. SIDDONS & SONS LIMITED
and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that
A.T. SIDDONS & SONS LIMITED
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and loss of
A.T. SIDDONS & SONS LIMITED
. You consider that
A.T. SIDDONS & SONS LIMITED
is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of A.T. SIDDONS & SONS LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Christie Holyland Limited
Chartered Certified Accountants
Date:
15 March 2024
A.T. SIDDONS & SONS LIMITED
Statement of Financial Position
31 December 2023
20232022
Note££
Fixed assets    
Tangible assets 5
27,104
 
29,421
 
Current assets    
Stocks
72,510
 
98,772
 
Debtors 6
124,697
 
152,413
 
Cash at bank and in hand
209,190
 
221,197
 
406,397
 
472,382
 
Creditors: amounts falling due within one year 7
(108,324
)
(153,802
)
Net current assets
298,073
 
318,580
 
Total assets less current liabilities 325,177   348,001  
Capital and reserves    
Called up share capital
1,001
 
1,001
 
Profit and loss account
324,176
 
347,000
 
Shareholders funds
325,177
 
348,001
 
For the year ending
31 December 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
15 March 2024
, and are signed on behalf of the board by:
Mr Simon James Siddons
Director
Company registration number:
00542796
A.T. SIDDONS & SONS LIMITED
Notes to the Financial Statements
Year ended
31 December 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office and principal place of business is
Richard Henry Building
,
26 Kingsley Street
,
Leicester
,
Leicestershire
,
LE2 6DL
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, in respect of the company as an individual entity. The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
25% reducing balance
Fixtures, fittings and equipment
25% reducing balance
Motor vehicles
25% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

Operating leases

A lease is classified as an operating lease if it does not transfer substantially all the risks and rewards incidental to ownership. Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

4 Average number of employees

The average number of persons employed by the company during the year was
6
(2022:
6.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 January 2023
378,323
 
Additions
5,691
 
Disposals
(12,052
)
At
31 December 2023
371,962
 
Depreciation  
At
1 January 2023
348,902
 
Charge
7,347
 
Disposals
(11,391
)
At
31 December 2023
344,858
 
Carrying amount  
At
31 December 2023
27,104
 
At 31 December 2022
29,421
 

6 Debtors

20232022
££
Trade debtors
100,249
 
129,355
 
Other debtors
24,448
 
23,058
 
124,697
 
152,413
 

7 Creditors: amounts falling due within one year

20232022
££
Trade creditors
70,029
 
112,115
 
Taxation and social security
21,493
 
24,147
 
Other creditors
16,802
 
17,540
 
108,324
 
153,802
 

8 Share capital

1001 Ordinary shares shares of £ 1.00 each (2022: 1001 £1 shares)

9 Operating leases

The company as lessee    
20232022
££
Not later than 1 year
21,252
 
21,252
 

11 Controlling party

The company is under the control of the directors and shareholders.