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REGISTERED NUMBER: 06016401 (England and Wales)















Atkins Ferrie Services Ltd

Unaudited Financial Statements

for the Period

1 January 2024 to 11 March 2024






Atkins Ferrie Services Ltd (Registered number: 06016401)






Contents of the Financial Statements
for the Period 1 January 2024 to 11 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Atkins Ferrie Services Ltd

Company Information
for the Period 1 January 2024 to 11 March 2024







DIRECTORS: Mr I Gould
Mr S L Knight



REGISTERED OFFICE: Azzurri House
Walsall Road
Aldridge
Walsall
WS9 0RB



REGISTERED NUMBER: 06016401 (England and Wales)



BANKERS: Barclays Bank Plc
Truro Branch
14 King Street
Truro
Conrwall
TR1 2RB

Atkins Ferrie Services Ltd (Registered number: 06016401)

Balance Sheet
11 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 303,125 309,375
Tangible assets 5 4,716 5,241
307,841 314,616

CURRENT ASSETS
Stocks 363,920 324,463
Debtors 6 385,917 427,006
Investments 7 56,857 57,561
Cash at bank and in hand 688,867 555,559
1,495,561 1,364,589
CREDITORS
Amounts falling due within one year 8 287,347 287,840
NET CURRENT ASSETS 1,208,214 1,076,749
TOTAL ASSETS LESS CURRENT LIABILITIES 1,516,055 1,391,365

PROVISIONS FOR LIABILITIES 1,310 1,310
NET ASSETS 1,514,745 1,390,055

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 50 50
Retained earnings 1,514,595 1,389,905
SHAREHOLDERS' FUNDS 1,514,745 1,390,055

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 11 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 11 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.

Atkins Ferrie Services Ltd (Registered number: 06016401)

Balance Sheet - continued
11 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 3 December 2024 and were signed on its behalf by:





Mr S L Knight - Director


Atkins Ferrie Services Ltd (Registered number: 06016401)

Notes to the Financial Statements
for the Period 1 January 2024 to 11 March 2024

1. STATUTORY INFORMATION

Atkins Ferrie Services 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.

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


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 represents net invoiced sales of services excluding Value Added Tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Short leasehold - 10% on cost
Equipment - 33% on cost and 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 25% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the period 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.


Atkins Ferrie Services Ltd (Registered number: 06016401)

Notes to the Financial Statements - continued
for the Period 1 January 2024 to 11 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 period 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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 11 March 2024 750,000
AMORTISATION
At 1 January 2024 440,625
Charge for period 6,250
At 11 March 2024 446,875
NET BOOK VALUE
At 11 March 2024 303,125
At 31 December 2023 309,375

Atkins Ferrie Services Ltd (Registered number: 06016401)

Notes to the Financial Statements - continued
for the Period 1 January 2024 to 11 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold Equipment fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2024
and 11 March 2024 39,931 1,925 9,078 44,088 95,022
DEPRECIATION
At 1 January 2024 39,931 1,615 8,341 39,894 89,781
Charge for period - 17 90 418 525
At 11 March 2024 39,931 1,632 8,431 40,312 90,306
NET BOOK VALUE
At 11 March 2024 - 293 647 3,776 4,716
At 31 December 2023 - 310 737 4,194 5,241

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 234,549 296,800
Other debtors 151,368 130,206
385,917 427,006

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 56,857 57,561

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 21,498 42,151
Taxation and social security 246,209 216,625
Other creditors 19,640 29,064
287,347 287,840

Atkins Ferrie Services Ltd (Registered number: 06016401)

Notes to the Financial Statements - continued
for the Period 1 January 2024 to 11 March 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 11 March 2024 and the year ended 31 December 2023:

2024 2023
£    £   
Mr T M Tripp
Balance outstanding at start of period 56,595 34,091
Amounts advanced 12,218 105,946
Amounts repaid (68 ) (83,442 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 68,745 56,595

Miss H S Collison
Balance outstanding at start of period 32,260 1,804
Amounts advanced 12,330 138,605
Amounts repaid (221 ) (108,149 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 44,369 32,260

10. RELATED PARTY DISCLOSURES

TM Tripp and H Collison are also shareholders of AFWM Ltd, Atkins Ferrie Services Ltd provides accountancy services and utility costs to AFWM Ltd. All transactions are under normal commercial terms.

Companies under common control provide strategic and marketing consultancy services to Atkins Ferrie Services Ltd in the year, All transactions are under normal commercial terms.