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REGISTERED NUMBER: 10830530 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

P & S Atkinson Limited

P & S Atkinson Limited (Registered number: 10830530)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P & S Atkinson Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: S G Atkinson
L Atkinson





REGISTERED OFFICE: 2 Clifton Moor Business Village
James Nicolson Link
York
North Yorkshire
YO30 4XG





REGISTERED NUMBER: 10830530 (England and Wales)





ACCOUNTANTS: Beckingtons
2 Clifton Moor Business
Village
James Nicolson Link
York
North Yorkshire
YO30 4XG

P & S Atkinson Limited (Registered number: 10830530)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 657,939 587,351

CURRENT ASSETS
Stocks 307,500 254,000
Debtors 5 40,736 110,093
Cash at bank 17,408 19,649
365,644 383,742
CREDITORS
Amounts falling due within one year 6 181,867 210,664
NET CURRENT ASSETS 183,777 173,078
TOTAL ASSETS LESS CURRENT
LIABILITIES

841,716

760,429

CREDITORS
Amounts falling due after more than one
year

7

(540,483

)

(499,425

)

PROVISIONS FOR LIABILITIES (87,738 ) (64,238 )
NET ASSETS 213,495 196,766

CAPITAL AND RESERVES
Called up share capital 8 4 4
Retained earnings 213,491 196,762
SHAREHOLDERS' FUNDS 213,495 196,766

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

P & S Atkinson Limited (Registered number: 10830530)

Balance Sheet - continued
30 June 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 Board of Directors and authorised for issue on 22 January 2024 and were signed on its behalf by:





S G Atkinson - Director


P & S Atkinson Limited (Registered number: 10830530)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

P & S Atkinson 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.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Computer equipment - 33% on reducing balance

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 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 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.

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.

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.

P & S Atkinson Limited (Registered number: 10830530)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 July 2022 806,411 - 2,119 808,530
Additions 130,998 2,450 - 133,448
At 30 June 2023 937,409 2,450 2,119 941,978
DEPRECIATION
At 1 July 2022 220,349 - 830 221,179
Charge for year 62,411 20 429 62,860
At 30 June 2023 282,760 20 1,259 284,039
NET BOOK VALUE
At 30 June 2023 654,649 2,430 860 657,939
At 30 June 2022 586,062 - 1,289 587,351

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 39,414 108,834
Other debtors 1,322 1,259
40,736 110,093

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Hire purchase contracts 52,826 63,705
Trade creditors 64,726 103,903
Taxation and social security 14,841 12,233
Other creditors 49,474 30,823
181,867 210,664

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Hire purchase contracts 115,483 74,425
Other creditors 425,000 425,000
540,483 499,425

P & S Atkinson Limited (Registered number: 10830530)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
4 Ordinary £1 4 4