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REGISTERED NUMBER: 01568687 (England and Wales)
















I G ATKINSON (LEEDS) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 FEBRUARY 2022 TO 28 JANUARY 2023






I G ATKINSON (LEEDS) LIMITED (REGISTERED NUMBER: 01568687)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 FEBRUARY 2022 TO 28 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


I G ATKINSON (LEEDS) LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 FEBRUARY 2022 TO 28 JANUARY 2023







DIRECTOR: I G Atkinson





REGISTERED OFFICE: Grangefield Road
Grangefield Industrial Estate
Pudsey
West Yorkshire
LS28 6LF





REGISTERED NUMBER: 01568687 (England and Wales)





ACCOUNTANTS: BPR Heaton
Chartered Accountants
Glenewes House
Gate Way Drive
Leeds
West Yorkshire
LS19 7XY

I G ATKINSON (LEEDS) LIMITED (REGISTERED NUMBER: 01568687)

BALANCE SHEET
28 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 39,181 111,981
Investment property 5 196,382 450,000
235,563 561,981

CURRENT ASSETS
Stocks 5,250 4,800
Debtors 6 79,987 107,139
Cash at bank 105,323 414
190,560 112,353
CREDITORS
Amounts falling due within one year 7 277,807 320,124
NET CURRENT LIABILITIES (87,247 ) (207,771 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

148,316

354,210

CREDITORS
Amounts falling due after more than one
year

8

24,115

275,258
NET ASSETS 124,201 78,952

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 11 - 245,772
Retained earnings 124,101 (166,920 )
SHAREHOLDERS' FUNDS 124,201 78,952

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 January 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

I G ATKINSON (LEEDS) LIMITED (REGISTERED NUMBER: 01568687)

BALANCE SHEET - continued
28 JANUARY 2023


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 director and authorised for issue on 19 January 2024 and were signed by:





I G Atkinson - Director


I G ATKINSON (LEEDS) LIMITED (REGISTERED NUMBER: 01568687)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 FEBRUARY 2022 TO 28 JANUARY 2023

1. STATUTORY INFORMATION

I G Atkinson (Leeds) 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.

The financial statements are presented in sterling which is the functional currency of the company rounded to the nearest pound.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, together with amounts due under contract, 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.
Short leasehold - Over remaining life of lease
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial assets and liabilities are initially measured at transaction price, except for those financial assets classified as at fair value through profit or loss.

Basic financial instruments
Basic financial instruments are those with relatively straight forward terms and would normally include cash, bank balances, trade debtors, trade creditors and uncomplicated bank loans.

Where the arrangement does not constitute a financing transaction, e.g. trade debtors on normal commercial terms, the debtor will be valued initially at transaction price (i.e.cost) and subsequently at transaction price less impairment (if any) due to concerns over recoverability.


I G ATKINSON (LEEDS) LIMITED (REGISTERED NUMBER: 01568687)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 FEBRUARY 2022 TO 28 JANUARY 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period 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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Grants
The company receives government grants in respect of coronavirus support. These grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the performance model.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2022 - NIL).

I G ATKINSON (LEEDS) LIMITED (REGISTERED NUMBER: 01568687)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 FEBRUARY 2022 TO 28 JANUARY 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2022 75,610 305,784 381,394
Disposals - (151,854 ) (151,854 )
At 28 January 2023 75,610 153,930 229,540
DEPRECIATION
At 1 February 2022 53,183 216,230 269,413
Charge for period 3,364 6,038 9,402
Eliminated on disposal - (88,456 ) (88,456 )
At 28 January 2023 56,547 133,812 190,359
NET BOOK VALUE
At 28 January 2023 19,063 20,118 39,181
At 31 January 2022 22,427 89,554 111,981

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022 450,000
Additions 196,382
Disposals (450,000 )
At 28 January 2023 196,382
NET BOOK VALUE
At 28 January 2023 196,382
At 31 January 2022 450,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 32,345 42,966
Amounts recoverable on contract 9,282 31,500
Other debtors 38,360 32,673
79,987 107,139

I G ATKINSON (LEEDS) LIMITED (REGISTERED NUMBER: 01568687)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 FEBRUARY 2022 TO 28 JANUARY 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,912 11,864
Hire purchase contracts (see note 9) - 15,812
Trade creditors 45,715 92,163
Taxation and social security 168,769 148,985
Other creditors 53,411 51,300
277,807 320,124

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 24,115 34,025
Hire purchase contracts (see note 9) - 61,100
Other creditors - 180,133
24,115 275,258

Amounts falling due in more than five years:

Repayable by instalments
Hire purchase - 18,847

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year - 15,812
Between one and five years - 42,253
In more than five years - 18,847
- 76,912

Non-cancellable operating leases
2023 2022
£    £   
Within one year 9,421 5,561
Between one and five years 22,165 398
31,586 5,959

I G ATKINSON (LEEDS) LIMITED (REGISTERED NUMBER: 01568687)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 FEBRUARY 2022 TO 28 JANUARY 2023

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Other loans - 180,133

11. RESERVES
Fair
value
reserve
£   
At 1 February 2022 245,772
Revaluation movement (245,772 )

At 28 January 2023 -