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REGISTERED NUMBER: 08685460 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

BATES OF ATHERSTONE LIMITED

BATES OF ATHERSTONE LIMITED (REGISTERED NUMBER: 08685460)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BATES OF ATHERSTONE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: M Gothard





REGISTERED OFFICE: c/o Philip Barnes & Co
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB





REGISTERED NUMBER: 08685460 (England and Wales)





ACCOUNTANTS: Philip Barnes & Co Limited
Chartered Accountants
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB

BATES OF ATHERSTONE LIMITED (REGISTERED NUMBER: 08685460)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 7,288 9,705
7,288 9,705

CURRENT ASSETS
Stocks 13,310 17,165
Debtors 6 57,816 48,486
Cash at bank and in hand 119,550 116,207
190,676 181,858
CREDITORS
Amounts falling due within one year 7 50,938 44,754
NET CURRENT ASSETS 139,738 137,104
TOTAL ASSETS LESS CURRENT
LIABILITIES

147,026

146,809

CREDITORS
Amounts falling due after more than one
year

8

-

(1,291

)

PROVISIONS FOR LIABILITIES (2,000 ) (2,000 )
NET ASSETS 145,026 143,518

CAPITAL AND RESERVES
Called up share capital 9 100 50
Capital redemption reserve 50 50
Retained earnings 144,876 143,418
SHAREHOLDERS' FUNDS 145,026 143,518

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

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

BATES OF ATHERSTONE LIMITED (REGISTERED NUMBER: 08685460)

BALANCE SHEET - continued
30 SEPTEMBER 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 February 2024 and were signed by:





M Gothard - Director


BATES OF ATHERSTONE LIMITED (REGISTERED NUMBER: 08685460)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Bates of Atherstone 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 significant accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

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 - Straight line over 5 years
Plant & fixtures - 20% on cost
Motor vehicles - 25% reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

BATES OF ATHERSTONE LIMITED (REGISTERED NUMBER: 08685460)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

3. EMPLOYEES

The average number of employees during the year was 6 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 74,998
AMORTISATION
At 1 October 2022
and 30 September 2023 74,998
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

5. TANGIBLE FIXED ASSETS
Short Plant & Motor
leasehold fixtures vehicles Totals
£    £    £    £   
COST
At 1 October 2022
and 30 September 2023 1 1,147 44,530 45,678
DEPRECIATION
At 1 October 2022 - 197 35,776 35,973
Charge for year - 229 2,188 2,417
At 30 September 2023 - 426 37,964 38,390
NET BOOK VALUE
At 30 September 2023 1 721 6,566 7,288
At 30 September 2022 1 950 8,754 9,705

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 52,065 39,422
Other debtors 5,751 9,064
57,816 48,486

BATES OF ATHERSTONE LIMITED (REGISTERED NUMBER: 08685460)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 1,255 3,510
Trade creditors 6,834 6,887
Taxation and social security 20,146 16,660
Other creditors 22,703 17,697
50,938 44,754

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts - 1,291

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 50

50 Ordinary shares of £1 were issued during the year as a bonus out of reserves.

10. OTHER FINANCIAL COMMITMENTS

The company has future operating lease commitments of £62,500 (2022 - £72,500).