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REGISTERED NUMBER: 00766206 (England and Wales)












ATHEY AND KEMP (ENGINEERS) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






ATHEY AND KEMP (ENGINEERS) LIMITED (REGISTERED NUMBER: 00766206)

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


ATHEY AND KEMP (ENGINEERS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: R Kemp



SECRETARY: R Kemp



REGISTERED OFFICE: Kemps Shipyard
Quayside Road
Bitterne Manor
Southampton
Hampshire
SO18 1BZ



REGISTERED NUMBER: 00766206 (England and Wales)



BANKERS: National Westminster Bank plc
12 High Street
Southampton
Hampshire
SO14 2BF

ATHEY AND KEMP (ENGINEERS) LIMITED (REGISTERED NUMBER: 00766206)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 12,837 12,837

CURRENT ASSETS
Debtors 5 61,814 56,707
Cash at bank 36 1,119
61,850 57,826
CREDITORS
Amounts falling due within one year 6 (33,443 ) (20,636 )
NET CURRENT ASSETS 28,407 37,190
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,244

50,027

CREDITORS
Amounts falling due after more than one
year

7

(24,672

)

(33,810

)
NET ASSETS 16,572 16,217

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 16,072 15,717
SHAREHOLDERS' FUNDS 16,572 16,217

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.

ATHEY AND KEMP (ENGINEERS) LIMITED (REGISTERED NUMBER: 00766206)

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 22 November 2024 and were signed by:





R Kemp - Director


ATHEY AND KEMP (ENGINEERS) LIMITED (REGISTERED NUMBER: 00766206)

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


1. STATUTORY INFORMATION

Athey and Kemp (Engineers) Limited 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 FRS 102 "The Financial Reporting Standards 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 far 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 £1.

The principal accounting policies adopted are set out below.

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
Tangible fixed assets are stated at cost.

No depreciation is provided on the freehold land.

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 recognised in the income statement.

Taxation
Taxation for the year comprises current 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 tax 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.

ATHEY AND KEMP (ENGINEERS) LIMITED (REGISTERED NUMBER: 00766206)

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


2. ACCOUNTING POLICIES - continued

Financial assets
The Company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividend's payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Land
£
COST
At 1 April 2023
and 31 March 2024 12,837
NET BOOK VALUE
At 31 March 2024 12,837
At 31 March 2023 12,837

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 61,814 56,707

ATHEY AND KEMP (ENGINEERS) LIMITED (REGISTERED NUMBER: 00766206)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 10,976 10,572
Taxation and social security 83 611
Other creditors 22,384 9,453
33,443 20,636

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans 24,672 33,810

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans 35,648 44,382

The bank loan is secured by way of a legal charge over the freehold at Kemps Quay Industrial Park, Quayside Road, Bitterne Manor, Southampton, and its associated assets.