Company registration number 04654993 (England and Wales)
D ATKINSON MAINTENANCE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024
D ATKINSON MAINTENANCE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
D ATKINSON MAINTENANCE LIMITED
BALANCE SHEET
AS AT
28 FEBRUARY 2024
28 February 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
199,444
112,935
Current assets
Stocks
15,900
35,000
Debtors
5
182,361
74,751
Cash at bank and in hand
121,893
110,288
320,154
220,039
Creditors: amounts falling due within one year
6
(199,490)
(149,499)
Net current assets
120,664
70,540
Total assets less current liabilities
320,108
183,475
Creditors: amounts falling due after more than one year
7
(15,577)
(24,965)
Provisions for liabilities
(48,311)
(21,458)
Net assets
256,220
137,052
Capital and reserves
Called up share capital
600
600
Profit and loss reserves
255,620
136,452
Total equity
256,220
137,052

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 13 August 2024 and are signed on its behalf by:
D Atkinson
M Atkinson
Director
Director
Company registration number 04654993 (England and Wales)
D ATKINSON MAINTENANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024
- 2 -
1
Accounting policies
1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.true

1.3
Turnover

Turnover represents amounts receivable for designing and manufacturing plant, machinery and equipment and for general engineers and engineering consultancy services net of VAT and trade discounts.

1.4
Intangible fixed assets - goodwill
1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
15% written down value
Fixtures, fittings & equipment
15% written down value
Motor vehicles
25% written down value

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Stocks

Stock and work-in-progress are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Equity instruments

Ordinary shares are classified as equity. There are two classes of Ordinary shares. There are no restrictions on the distribution of dividends or the repayment of capital.

D ATKINSON MAINTENANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2024
1
Accounting policies
(Continued)
- 3 -
1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Company information

D Atkinson Maintenance Limited is a private company limited by shares incorporated in England and Wales. The registered office is Units B7 & B8, Chadderton Industrial Estate, Greenside Way, Middleton, Manchester, M24 1SW.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
7
8
D ATKINSON MAINTENANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2024
- 4 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 March 2023 and 28 February 2024
100,000
Amortisation and impairment
At 1 March 2023 and 28 February 2024
100,000
Carrying amount
At 28 February 2024
-
0
At 28 February 2023
-
0
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2023
386,314
Additions
141,478
Disposals
(39,333)
At 28 February 2024
488,459
Depreciation and impairment
At 1 March 2023
273,379
Depreciation charged in the year
42,029
Eliminated in respect of disposals
(26,393)
At 28 February 2024
289,015
Carrying amount
At 28 February 2024
199,444
At 28 February 2023
112,935
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
176,969
70,386
Other debtors
5,392
4,365
182,361
74,751
D ATKINSON MAINTENANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2024
- 5 -
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
9,388
9,388
Trade creditors
45,686
36,755
Taxation and social security
105,330
73,907
Other creditors
39,086
29,449
199,490
149,499
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
15,577
24,965

Bank loans outstanding are government backed Coronavirus Bounce Back Loans and are due to be repaid over 6 years.

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