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REGISTERED NUMBER: 01585080 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

James Atkinson & Son Ltd

James Atkinson & Son Ltd (Registered number: 01585080)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


James Atkinson & Son Ltd (Registered number: 01585080)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 52,196 38,188

CURRENT ASSETS
Stocks 211,413 241,313
Debtors 5 159,567 178,215
Cash at bank and in hand 1,968,293 1,780,354
2,339,273 2,199,882
CREDITORS
Amounts falling due within one year 6 232,607 197,077
NET CURRENT ASSETS 2,106,666 2,002,805
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,158,862

2,040,993

PROVISIONS FOR LIABILITIES 8,652 3,543
NET ASSETS 2,150,210 2,037,450

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings 2,130,210 2,017,450
2,150,210 2,037,450

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 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.

James Atkinson & Son Ltd (Registered number: 01585080)

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 Board of Directors and authorised for issue on 15 November 2024 and were signed on its behalf by:





C M Atkinson - Director


James Atkinson & Son Ltd (Registered number: 01585080)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

James Atkinson & Son Ltd 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: 01585080

Registered office: Canal Garage
Preston Patrick
Milnthorpe
LA7 7NX

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.

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 - 10% on reducing balance
Plant and machinery etc - 33% on cost and 20% on 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 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.

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.

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.

James Atkinson & Son Ltd (Registered number: 01585080)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 47,728 175,517 223,245
Additions - 21,351 21,351
At 31 March 2024 47,728 196,868 244,596
DEPRECIATION
At 1 April 2023 26,943 158,114 185,057
Charge for year 2,080 5,263 7,343
At 31 March 2024 29,023 163,377 192,400
NET BOOK VALUE
At 31 March 2024 18,705 33,491 52,196
At 31 March 2023 20,785 17,403 38,188

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 30,705 55,672
Other debtors 128,862 122,543
159,567 178,215

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 62,213 53,723
Taxation and social security 153,960 128,171
Other creditors 16,434 15,183
232,607 197,077