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REGISTERED NUMBER: 02873238 (England and Wales)












ATKINSON VOS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






ATKINSON VOS LIMITED (REGISTERED NUMBER: 02873238)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


ATKINSON VOS LIMITED (REGISTERED NUMBER: 02873238)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 77,236 85,293

Current assets
Stocks 928,089 1,094,512
Debtors 5 185,231 188,590
Cash at bank and in hand 433,692 223,430
1,547,012 1,506,532
Creditors
Amounts falling due within one year 6 554,955 657,296
Net current assets 992,057 849,236
Total assets less current liabilities 1,069,293 934,529

Creditors
Amounts falling due after more than one
year

7

(95,833

)

(145,833

)

Provisions for liabilities (12,503 ) (2,792 )
Net assets 960,957 785,904

Capital and reserves
Called up share capital 9,692 9,692
Capital redemption reserve 2,308 2,308
Retained earnings 948,957 773,904
960,957 785,904

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

ATKINSON VOS LIMITED (REGISTERED NUMBER: 02873238)

BALANCE SHEET - continued
31 OCTOBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 July 2024 and were signed by:





Mr S J Ward - Director


ATKINSON VOS LIMITED (REGISTERED NUMBER: 02873238)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. Statutory information

Atkinson Vos Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02873238

Registered office: Wenning Mill
Wenning Avenue
Bentham
LANCASTER
LA2 7LW

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 and represents amounts receivable, for goods and services provided in the normal course of business, net of discounts, rebates, value added tax and other sales taxes.

Turnover is recognised at a point in time when a performance obligation is satisfied by transferring a good or service to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold improvements - Straight line over 10 years
Plant and machinery etc - 33% Straight line, 25% Reducing balance, 25% on cost and 20% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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 Statement of Income and Retained Earnings, 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.


ATKINSON VOS LIMITED (REGISTERED NUMBER: 02873238)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


2. Accounting policies - continued
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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

3. Employees and directors

The average number of employees during the year was 17 (2022 - 17 ) .

4. Tangible fixed assets
Plant and
Leasehold machinery
improvements etc Totals
£    £    £   
Cost
At 1 November 2022 166,242 339,525 505,767
Additions 13,237 1,238 14,475
At 31 October 2023 179,479 340,763 520,242
Depreciation
At 1 November 2022 125,264 295,210 420,474
Charge for year 10,539 11,993 22,532
At 31 October 2023 135,803 307,203 443,006
Net book value
At 31 October 2023 43,676 33,560 77,236
At 31 October 2022 40,978 44,315 85,293


ATKINSON VOS LIMITED (REGISTERED NUMBER: 02873238)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 155,412 163,194
Other debtors 29,819 25,396
185,231 188,590

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 50,000 50,000
Trade creditors 70,222 108,158
Taxation and social security 94,024 25,236
Other creditors 340,709 473,902
554,955 657,296

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 95,833 145,833

8. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 39,798 39,798
Between one and five years 159,192 159,192
In more than five years - 39,798
198,990 238,788

9. Secured debts

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 145,833 195,833

The loan is secured by fixed and floating charges over the Company's assets.

ATKINSON VOS LIMITED (REGISTERED NUMBER: 02873238)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


10. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
Mr S J Ward
Balance outstanding at start of year 11,464 19,022
Amounts advanced 1,111 -
Amounts repaid (2,500 ) (7,558 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,075 11,464