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REGISTERED NUMBER: 00559111 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Atkinsons Farms Limited

Atkinsons Farms Limited (Registered number: 00559111)

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










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3 to 4

Notes to the financial statements 5 to 7


Atkinsons Farms Limited

Company Information
for the Year Ended 31 January 2024







Director: Mrs J-A Atkinson





Registered office: Hall Farm House
Sea Lane
Wainfleet St. Mary
Skegness
Lincolnshire
PE24 4BA





Registered number: 00559111 (England and Wales)





Accountants: Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Atkinsons Farms Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Atkinsons Farms Limited for the year ended 31 January 2024 which comprise the Statement of income and retained earnings, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Atkinsons Farms Limited in accordance with the terms of our engagement letter dated 11 April 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Atkinsons Farms Limited and state those matters that we have agreed to state to the director of Atkinsons Farms Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Atkinsons Farms Limited and its director for our work or for this report.

It is your duty to ensure that Atkinsons Farms Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Atkinsons Farms Limited. You consider that Atkinsons Farms Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Atkinsons Farms Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB


9 September 2024

Atkinsons Farms Limited (Registered number: 00559111)

Statement of Financial Position
31 January 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 5 1,474,912 1,488,259

Current assets
Debtors 6 1,783 90,029
Cash at bank and in hand 46,406 174,893
48,189 264,922
Creditors
Amounts falling due within one year 7 207,735 234,215
Net current (liabilities)/assets (159,546 ) 30,707
Total assets less current liabilities 1,315,366 1,518,966

Creditors
Amounts falling due after more than one
year

8

(254,532

)

(515,239

)

Provisions for liabilities - (543 )
Net assets 1,060,834 1,003,184

Capital and reserves
Called up share capital 10 300 300
Retained earnings 1,060,534 1,002,884
Shareholders' funds 1,060,834 1,003,184

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Atkinsons Farms Limited (Registered number: 00559111)

Statement of Financial Position - continued
31 January 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 9 September 2024 and were signed by:





Mrs J-A Atkinson - Director


Atkinsons Farms Limited (Registered number: 00559111)

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


1. Statutory information

Atkinsons Farms 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
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.
Freehold property - 5% on a straight line basis
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 12.5% on reducing balance
Motor vehicles - 20% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Atkinsons Farms Limited (Registered number: 00559111)

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


3. Accounting policies - continued

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.

4. Employees and directors

The average number of employees during the year was 1 (2023 - 2 ) .

5. Tangible fixed assets
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Cost
At 1 February 2023 1,809,502 341,733 12,119 74,436 2,237,790
Disposals - (65,093 ) (10,706 ) - (75,799 )
At 31 January 2024 1,809,502 276,640 1,413 74,436 2,161,991
Depreciation
At 1 February 2023 374,293 317,890 11,652 45,696 749,531
Charge for year 1,917 3,274 117 5,748 11,056
Eliminated on disposal - (62,955 ) (10,553 ) - (73,508 )
At 31 January 2024 376,210 258,209 1,216 51,444 687,079
Net book value
At 31 January 2024 1,433,292 18,431 197 22,992 1,474,912
At 31 January 2023 1,435,209 23,843 467 28,740 1,488,259

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors - 85,671
VAT 1,245 2,285
Deferred tax asset 538 -
Prepayments and accrued income - 2,073
1,783 90,029

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 19,133 10,000
Trade creditors 19,677 17,799
Tax 45,029 35,306
Social security and other taxes 753 360
Directors' loan accounts 107,643 150,153
Accruals and deferred income 15,500 20,597
207,735 234,215

Atkinsons Farms Limited (Registered number: 00559111)

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


8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 240,365 491,072
Bank loans 14,167 24,167
254,532 515,239

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 14,167 24,167

9. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft 9,133 -
Bank loans 264,532 525,239
273,665 525,239

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
300 Ordinary £1 300 300