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REGISTERED NUMBER: 06016401 (England and Wales)















Atkins Ferrie Services Ltd

Unaudited Financial Statements

for the Year Ended 31 December 2023






Atkins Ferrie Services Ltd (Registered number: 06016401)






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


Atkins Ferrie Services Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr S L Knight
Mr I Gould



REGISTERED OFFICE: Lakeside Offices
The Old Cattle Market
Coronation Park
Helston
Cornwall
TR13 0SR



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
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 309,375 346,875
Tangible assets 5 5,241 83,523
314,616 430,398

CURRENT ASSETS
Stocks 324,463 341,517
Debtors 6 427,006 423,750
Investments 7 57,561 54,459
Cash at bank and in hand 555,559 349,912
1,364,589 1,169,638
CREDITORS
Amounts falling due within one year 8 287,840 292,871
NET CURRENT ASSETS 1,076,749 876,767
TOTAL ASSETS LESS CURRENT LIABILITIES 1,391,365 1,307,165

PROVISIONS FOR LIABILITIES 1,310 6,401
NET ASSETS 1,390,055 1,300,764

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 50 50
Retained earnings 1,389,905 1,300,614
SHAREHOLDERS' FUNDS 1,390,055 1,300,764

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.

Atkins Ferrie Services Ltd (Registered number: 06016401)

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 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 Year Ended 31 December 2023

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.
Offices and storage - 33% on cost
Short leasehold - 10% on cost
Equipment - 33% on cost and 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
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 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.


Atkins Ferrie Services Ltd (Registered number: 06016401)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

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 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.

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 year was 15 (2022 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 750,000
AMORTISATION
At 1 January 2023 403,125
Charge for year 37,500
At 31 December 2023 440,625
NET BOOK VALUE
At 31 December 2023 309,375
At 31 December 2022 346,875

Atkins Ferrie Services Ltd (Registered number: 06016401)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Offices
and Short
storage leasehold Equipment
£    £    £   
COST
At 1 January 2023 66,733 39,931 10,610
Additions - - 116
Disposals (66,733 ) - (8,801 )
At 31 December 2023 - 39,931 1,925
DEPRECIATION
At 1 January 2023 22,022 39,931 4,566
Charge for year - - 106
Eliminated on disposal (22,022 ) - (3,057 )
At 31 December 2023 - 39,931 1,615
NET BOOK VALUE
At 31 December 2023 - - 310
At 31 December 2022 44,711 - 6,044

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 18,492 29,795 43,796 209,357
Additions 1,101 - 4,498 5,715
Disposals (10,515 ) (29,795 ) (4,206 ) (120,050 )
At 31 December 2023 9,078 - 44,088 95,022
DEPRECIATION
At 1 January 2023 10,081 10,726 38,508 125,834
Charge for year 363 - 2,685 3,154
Eliminated on disposal (2,103 ) (10,726 ) (1,299 ) (39,207 )
At 31 December 2023 8,341 - 39,894 89,781
NET BOOK VALUE
At 31 December 2023 737 - 4,194 5,241
At 31 December 2022 8,411 19,069 5,288 83,523

Atkins Ferrie Services Ltd (Registered number: 06016401)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 296,800 352,336
Other debtors 130,206 71,414
427,006 423,750

7. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Listed investments 57,561 54,459

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 42,151 128,992
Taxation and social security 216,625 154,881
Other creditors 29,064 8,998
287,840 292,871

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr T M Tripp
Balance outstanding at start of year 34,091 119,606
Amounts advanced 105,946 83,314
Amounts repaid (83,442 ) (168,829 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 56,595 34,091

Miss H S Collison
Balance outstanding at start of year 1,804 8,397
Amounts advanced 138,605 133,172
Amounts repaid (108,149 ) (139,765 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 32,260 1,804

Atkins Ferrie Services Ltd (Registered number: 06016401)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

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.