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REGISTERED NUMBER: 14638596 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ATKINSON HICKS MARINE LTD

ATKINSON HICKS MARINE LTD (REGISTERED NUMBER: 14638596)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ATKINSON HICKS MARINE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: L J Hicks





REGISTERED OFFICE: Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ





REGISTERED NUMBER: 14638596 (England and Wales)





ACCOUNTANTS: Lloyd Dowson Limited
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

ATKINSON HICKS MARINE LTD (REGISTERED NUMBER: 14638596)

BALANCE SHEET
31 MARCH 2024

Notes £    £   
FIXED ASSETS
Intangible assets 4 238,729
Tangible assets 5 77,007
315,736

CURRENT ASSETS
Stocks 1,880
Debtors 6 120,399
Cash at bank 83,663
205,942
CREDITORS
Amounts falling due within one year 7 208,153
NET CURRENT LIABILITIES (2,211 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

313,525

CREDITORS
Amounts falling due after more than one
year

8

(160,345

)

PROVISIONS FOR LIABILITIES (19,252 )
NET ASSETS 133,928

CAPITAL AND RESERVES
Called up share capital 9 100
Retained earnings 133,828
SHAREHOLDERS' FUNDS 133,928

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 HICKS MARINE LTD (REGISTERED NUMBER: 14638596)

BALANCE SHEET - continued
31 MARCH 2024


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 14 August 2024 and were signed by:





L J Hicks - Director


ATKINSON HICKS MARINE LTD (REGISTERED NUMBER: 14638596)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Atkinson Hicks Marine Ltd 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.

Turnover is recognised at fulfilment of the rights and obligations of the customer in relation to engineering labour and services.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Lease costs are being amortised evenly over their 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.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 HICKS MARINE LTD (REGISTERED NUMBER: 14638596)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
Additions 250,000 1,536 251,536
At 31 March 2024 250,000 1,536 251,536
AMORTISATION
Charge for year 12,500 307 12,807
At 31 March 2024 12,500 307 12,807
NET BOOK VALUE
At 31 March 2024 237,500 1,229 238,729

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 93,160
At 31 March 2024 93,160
DEPRECIATION
Charge for year 16,153
At 31 March 2024 16,153
NET BOOK VALUE
At 31 March 2024 77,007

ATKINSON HICKS MARINE LTD (REGISTERED NUMBER: 14638596)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 117,399
Other debtors 3,000
120,399

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Hire purchase contracts 376
Trade creditors 19,055
Taxation and social security 67,364
Other creditors 121,358
208,153

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Other creditors 160,345

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary "A" shares £1 100