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REGISTERED NUMBER: NI003485 (Northern Ireland)














Unaudited Financial Statements

FOR THE YEAR ENDED

31 December 2023

for

RICHARD ATKINSON AND COMPANY, LIMITED

RICHARD ATKINSON AND COMPANY, LIMITED (REGISTERED NUMBER: NI003485)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RICHARD ATKINSON AND COMPANY, LIMITED

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: P A Nicholson
M Nicholson





SECRETARY: M Nicholson





REGISTERED OFFICE: 10 Nicholson Drive
Michelin Road
Mallusk
Newtownabbey
Co. Antrim
BT36 4FD





REGISTERED NUMBER: NI003485 (Northern Ireland)





ACCOUNTANTS: M.B.McGrady & Co
Chartered Accountants
Suite 2B
Cadogan House
322 Lisburn Road
Belfast
Co. Antrim
BT9 6GH

RICHARD ATKINSON AND COMPANY, LIMITED (REGISTERED NUMBER: NI003485)

Balance Sheet
31 DECEMBER 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 405,945 416,672

CURRENT ASSETS
Stocks 138,018 131,757
Debtors 5 116,819 125,096
Cash at bank and in hand 579,964 533,437
834,801 790,290
CREDITORS
Amounts falling due within one year 6 69,970 72,632
NET CURRENT ASSETS 764,831 717,658
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,170,776

1,134,330

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Revaluation reserve 7 330,494 330,494
Other reserves 22,000 22,000
Retained earnings 808,282 771,836
1,170,776 1,134,330

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

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

RICHARD ATKINSON AND COMPANY, LIMITED (REGISTERED NUMBER: NI003485)

Balance Sheet - continued
31 DECEMBER 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 17 September 2024 and were signed on its behalf by:




M Nicholson - Director



P A Nicholson - Director


RICHARD ATKINSON AND COMPANY, LIMITED (REGISTERED NUMBER: NI003485)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Richard Atkinson and Company, Limited is a private company, limited by shares , registered in Northern Ireland. 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 as modified by the revaluation of certain fixed assets.

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.

Land and buildings - 75 years straight line
Plant and machinery - 15% reducing balance
Motor vehicles - 25% straight line

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 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.

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.

RICHARD ATKINSON AND COMPANY, LIMITED (REGISTERED NUMBER: NI003485)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 600,000 141,325 741,325
DEPRECIATION
At 1 January 2023 200,000 124,653 324,653
Charge for year 8,000 2,727 10,727
At 31 December 2023 208,000 127,380 335,380
NET BOOK VALUE
At 31 December 2023 392,000 13,945 405,945
At 31 December 2022 400,000 16,672 416,672

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 116,632 125,096
Other debtors 187 -
116,819 125,096

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade creditors 45,275 43,976
Taxation and social security 20,685 24,611
Other creditors 4,010 4,045
69,970 72,632

7. RESERVES
Revaluatio
reserve
£   
At 1 January 2023
and 31 December 2023 330,494