2
01/08/2022
31/07/2023
2023-07-31
false
false
false
false
false
false
false
true
false
false
true
false
false
false
false
false
true
false
No description of principal activities is disclosed
2022-08-01
Sage Accounts Production 23.0 - FRS102_2023
xbrli:pure
xbrli:shares
iso4217:GBP
12102935
2022-08-01
2023-07-31
12102935
2023-07-31
12102935
2022-07-31
12102935
2021-08-01
2022-07-31
12102935
2022-07-31
12102935
2021-07-31
12102935
core:LandBuildings
core:ShortLeaseholdAssets
2022-08-01
2023-07-31
12102935
core:FurnitureFittingsToolsEquipment
2022-08-01
2023-07-31
12102935
bus:RegisteredOffice
2022-08-01
2023-07-31
12102935
bus:OrdinaryShareClass1
2022-08-01
2023-07-31
12102935
bus:LeadAgentIfApplicable
2022-08-01
2023-07-31
12102935
bus:Director1
2022-08-01
2023-07-31
12102935
bus:Director2
2022-08-01
2023-07-31
12102935
core:LandBuildings
core:OwnedOrFreeholdAssets
2022-07-31
12102935
core:FurnitureFittingsToolsEquipment
2022-07-31
12102935
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-07-31
12102935
core:FurnitureFittingsToolsEquipment
2023-07-31
12102935
core:AfterOneYear
2023-07-31
12102935
core:AfterOneYear
2022-07-31
12102935
core:RetainedEarningsAccumulatedLosses
2021-08-01
2022-07-31
12102935
core:RetainedEarningsAccumulatedLosses
2022-08-01
2023-07-31
12102935
core:WithinOneYear
2023-07-31
12102935
core:WithinOneYear
2022-07-31
12102935
core:ShareCapital
2023-07-31
12102935
core:ShareCapital
2022-07-31
12102935
core:RetainedEarningsAccumulatedLosses
2023-07-31
12102935
core:RetainedEarningsAccumulatedLosses
2022-07-31
12102935
core:ShareCapital
2021-07-31
12102935
core:RetainedEarningsAccumulatedLosses
2021-07-31
12102935
core:PreviouslyStatedAmount
core:ShareCapital
2023-07-31
12102935
bus:OrdinaryShareClass1
core:ShareCapital
2023-07-31
12102935
bus:OrdinaryShareClass1
core:ShareCapital
2022-07-31
12102935
core:DeferredTaxation
2022-08-01
2023-07-31
12102935
core:LandBuildings
core:OwnedOrFreeholdAssets
2022-08-01
2023-07-31
12102935
core:AcceleratedTaxDepreciationDeferredTax
2023-07-31
12102935
core:AcceleratedTaxDepreciationDeferredTax
2022-07-31
12102935
core:LandBuildings
core:OwnedOrFreeholdAssets
2022-07-31
12102935
core:FurnitureFittingsToolsEquipment
2022-07-31
12102935
core:DeferredTaxation
2022-07-31
12102935
core:DeferredTaxation
2023-07-31
12102935
bus:Director1
2022-07-31
12102935
bus:Director1
2023-07-31
12102935
bus:Director1
2021-07-31
12102935
bus:Director1
2022-07-31
12102935
bus:Director1
2021-08-01
2022-07-31
12102935
bus:SmallEntities
2022-08-01
2023-07-31
12102935
bus:AuditExemptWithAccountantsReport
2022-08-01
2023-07-31
12102935
bus:SmallCompaniesRegimeForAccounts
2022-08-01
2023-07-31
12102935
bus:PrivateLimitedCompanyLtd
2022-08-01
2023-07-31
12102935
bus:FullAccounts
2022-08-01
2023-07-31
12102935
1
2022-08-01
2023-07-31
Company registration number:
12102935
Atkins Estates Limited
Unaudited filleted financial statements
31 July 2023
Atkins Estates Limited
Contents
Directors and other information
Accountant's report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Atkins Estates Limited
Directors and other information
|
|
|
|
Directors |
Miss Brittany Atkins |
|
|
Mr Graham Atkins |
|
|
|
|
|
|
|
Company number |
12102935 |
|
|
|
|
|
|
|
Registered office |
81 New Road |
|
|
Great Wakering |
|
|
Southend on Sea |
|
|
Essex |
|
|
SS3 0AR |
|
|
|
|
|
|
|
Business address |
81 New Road |
|
|
Great Wakering |
|
|
Southend on Sea |
|
|
Essex |
|
|
SS3 0AR |
|
|
|
|
|
|
|
Accountant |
Andrew Murphy Chartered Accountants |
|
|
Sovereign House |
|
|
82 West Street |
|
|
Rochford |
|
|
Essex |
|
|
SS4 1AS |
|
|
|
Atkins Estates Limited
Chartered accountant's report to the board of directors on the preparation of the
unaudited statutory financial statements of Atkins Estates Limited
Year ended 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Atkins Estates Limited for the year ended 31 July 2023 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given me.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Atkins Estates Limited, as a body, in accordance with the terms of my engagement letter dated 7 September 2021. My work has been undertaken solely to prepare for your approval the financial statements of Atkins Estates Limited and state those matters that we have agreed to state to the board of directors of Atkins Estates Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Atkins Estates Limited and its board of directors as a body for my work or for this report.
It is your duty to ensure that Atkins Estates 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 Atkins Estates Limited. You consider that Atkins Estates Limited is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of Atkins Estates Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Andrew Murphy Chartered Accountants
Sovereign House
82 West Street
Rochford
Essex
SS4 1AS
3 April 2024
Atkins Estates Limited
Statement of financial position
31 July 2023
|
|
|
2023 |
|
|
|
2022 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Tangible assets |
|
6 |
408,228 |
|
|
|
378,752 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
408,228 |
|
|
|
378,752 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Cash at bank and in hand |
|
|
8,546 |
|
|
|
3,124 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
8,546 |
|
|
|
3,124 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
7 |
(
131,009) |
|
|
|
(
98,605) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current liabilities |
|
|
|
|
(
122,463) |
|
|
|
(
95,481) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
285,765 |
|
|
|
283,271 |
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
after more than one year |
|
8 |
|
|
(
288,582) |
|
|
|
(
286,117) |
|
|
|
|
|
|
|
|
|
|
Provisions for liabilities |
|
9 |
|
|
881 |
|
|
|
1,022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
_______ |
Net liabilities |
|
|
|
|
(
1,936) |
|
|
|
(
1,824) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
11 |
|
|
2 |
|
|
|
2 |
Profit and loss account |
|
|
|
|
(
1,938) |
|
|
|
(
1,826) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholders deficit |
|
|
|
|
(
1,936) |
|
|
|
(
1,824) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
For the year ending 31 July 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
03 April 2024
, and are signed on behalf of the board by:
Miss Brittany Atkins
Mr Graham Atkins
Director
Director
Company registration number:
12102935
Atkins Estates Limited
Statement of changes in equity
Year ended 31 July 2023
|
|
Called up share capital |
|
Profit and loss account |
Total |
|
|
|
|
|
|
|
£ |
|
£ |
£ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At 1 August 2021 |
|
2 |
|
1,533 |
1,535 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss for the year |
|
|
|
(
3,359) |
(
3,359) |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
Total comprehensive income for the year |
|
- |
|
(
3,359) |
(
3,359) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
At 31 July 2022 and 1 August 2022 |
|
2 |
|
(
1,826) |
(
1,824) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss for the year |
|
|
|
(
112) |
(
112) |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
Total comprehensive income for the year |
|
- |
|
(
112) |
(
112) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
At 31 July 2023 |
|
2 |
|
(
1,938) |
(
1,936) |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Atkins Estates Limited
Notes to the financial statements
Year ended 31 July 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 81 New Road, Great Wakering, Southend on Sea, Essex, SS3 0AR.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, 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.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Short leasehold property |
- |
0 % |
straight line |
|
Fittings fixtures and equipment |
- |
25 % |
straight line |
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2022:
2
).
5.
Tax on profit/loss
Major components of tax expense/income
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Deferred tax: |
|
|
|
|
Origination and reversal of timing differences |
|
141 |
(
1,022) |
|
|
|
_______ |
_______ |
|
Tax on profit/loss |
|
141 |
(
1,022) |
|
|
|
_______ |
_______ |
|
|
|
|
|
6.
Tangible assets
|
|
Freehold property |
Fixtures, fittings and equipment |
Total |
|
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 August 2022 |
378,040 |
949 |
378,989 |
|
|
|
|
|
Additions |
29,654 |
- |
29,654 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 31 July 2023 |
407,694 |
949 |
408,643 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 August 2022 |
- |
237 |
237 |
|
|
|
|
|
Charge for the year |
- |
178 |
178 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 31 July 2023 |
- |
415 |
415 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 31 July 2023 |
407,694 |
534 |
408,228 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 31 July 2022 |
378,040 |
712 |
378,752 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
The company purchased a property at 124A Eastern Esplanade, Southend on Sea, Essex, SS1 2YH on 8th April 2022 to add to Flat 2, Highbanks, 155 Southchurch Road, Southend on Sea, Essex, SS1 2HZ on the 29th January 2020. Cost as per Balance Sheet and these are the company's only acquisition to date.
7.
Creditors: amounts falling due within one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Other creditors |
|
131,009 |
98,605 |
|
|
|
_______ |
_______ |
|
|
|
|
|
8.
Creditors: amounts falling due after more than one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
288,582 |
286,117 |
|
|
|
_______ |
_______ |
|
|
|
|
|
9.
Provisions
|
|
Deferred tax (note 10) |
Total |
|
|
|
|
|
£ |
£ |
|
|
|
|
At 1 August 2022 |
(
1,022) |
(
1,022) |
|
|
|
|
Charges against provisions |
141 |
141 |
|
|
|
|
|
_______ |
_______ |
|
|
|
|
At 31 July 2023 |
(
881) |
(
881) |
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
10.
Deferred tax
The deferred tax included in the statement of financial position is as follows:
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Included in provisions (note 9) |
|
(
881) |
(
1,022) |
|
|
|
_______ |
_______ |
|
|
|
|
|
The deferred tax account consists of the tax effect of timing differences in respect of:
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Accelerated capital allowances |
|
(
881) |
(
1,022) |
|
|
|
_______ |
_______ |
|
|
|
|
|
11.
Called up share capital
Issued, called up and fully paid
|
|
|
2023 |
|
|
|
2022 |
|
|
|
|
|
No |
|
£ |
|
No |
|
£ |
|
Ordinary shares of £
1.00 each |
|
2 |
|
2 |
|
2 |
|
2 |
|
|
|
_______ |
|
_______ |
|
_______ |
|
_______ |
|
|
|
|
|
|
|
|
|
|
12.
Directors advances, credits and guarantees
|
During the year the directors entered into the following advances and credits with the company: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2023 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Advances /(credits) to the directors |
Amounts repaid |
Balance o/standing |
|
|
|
|
£ |
£ |
£ |
£ |
|
|
|
Miss Brittany Atkins |
(
95,655) |
(
32,446) |
162 |
(
127,939) |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
2022 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Advances /(credits) to the directors |
Amounts repaid |
Balance o/standing |
|
|
|
|
£ |
£ |
£ |
£ |
|
|
|
Miss Brittany Atkins |
(
64,873) |
(
30,782) |
- |
(
95,655) |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
13.
Controlling party
Graham Atkins and Brittany Atkins
jointly control the company.
14.
Registration of a charge
The bank have registered a fixed charge in respect of the freehold property.