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REGISTERED NUMBER: 01568687 (England and Wales)
















I G ATKINSON (LEEDS) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

29 JANUARY 2023 TO 27 JANUARY 2024






I G ATKINSON (LEEDS) LIMITED (REGISTERED NUMBER: 01568687)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 29 JANUARY 2023 TO 27 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


I G ATKINSON (LEEDS) LIMITED

COMPANY INFORMATION
FOR THE PERIOD 29 JANUARY 2023 TO 27 JANUARY 2024







DIRECTOR: I G Atkinson





REGISTERED OFFICE: Grangefield Road
Grangefield Industrial Estate
Pudsey
West Yorkshire
LS28 6LF





REGISTERED NUMBER: 01568687 (England and Wales)





ACCOUNTANTS: BPR Heaton
Chartered Accountants
Glenewes House
Gate Way Drive
Leeds
West Yorkshire
LS19 7XY

I G ATKINSON (LEEDS) LIMITED (REGISTERED NUMBER: 01568687)

BALANCE SHEET
27 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 58,008 39,181
Investment property 5 229,520 196,382
287,528 235,563

CURRENT ASSETS
Stocks 6,750 5,250
Debtors 6 153,158 79,987
Cash at bank 13,900 105,323
173,808 190,560
CREDITORS
Amounts falling due within one year 7 331,735 277,807
NET CURRENT LIABILITIES (157,927 ) (87,247 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

129,601

148,316

CREDITORS
Amounts falling due after more than one
year

8

13,954

24,115
NET ASSETS 115,647 124,201

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 115,547 124,101
SHAREHOLDERS' FUNDS 115,647 124,201

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 27 January 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 27 January 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.

I G ATKINSON (LEEDS) LIMITED (REGISTERED NUMBER: 01568687)

BALANCE SHEET - continued
27 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 January 2025 and were signed by:





I G Atkinson - Director


I G ATKINSON (LEEDS) LIMITED (REGISTERED NUMBER: 01568687)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 29 JANUARY 2023 TO 27 JANUARY 2024

1. STATUTORY INFORMATION

I G Atkinson (Leeds) 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 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.

The financial statements are presented in sterling which is the functional currency of the company rounded to the nearest pound.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, together with amounts due under contract, 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.
Short leasehold - Over remaining life of lease
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment property is shown at cost. The director is of the opinion that this is a fair representation of its current value.

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

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial assets and liabilities are initially measured at transaction price, except for those financial assets classified as at fair value through profit or loss.

Basic financial instruments
Basic financial instruments are those with relatively straight forward terms and would normally include cash, bank balances, trade debtors, trade creditors and uncomplicated bank loans.

Where the arrangement does not constitute a financing transaction, e.g. trade debtors on normal commercial terms, the debtor will be valued initially at transaction price (i.e.cost) and subsequently at transaction price less impairment (if any) due to concerns over recoverability.


I G ATKINSON (LEEDS) LIMITED (REGISTERED NUMBER: 01568687)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 29 JANUARY 2023 TO 27 JANUARY 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 29 January 2023 75,610 153,930 229,540
Additions - 31,205 31,205
Disposals - (15,498 ) (15,498 )
At 27 January 2024 75,610 169,637 245,247
DEPRECIATION
At 29 January 2023 56,547 133,812 190,359
Charge for period 2,852 7,112 9,964
Eliminated on disposal - (13,084 ) (13,084 )
At 27 January 2024 59,399 127,840 187,239
NET BOOK VALUE
At 27 January 2024 16,211 41,797 58,008
At 28 January 2023 19,063 20,118 39,181

I G ATKINSON (LEEDS) LIMITED (REGISTERED NUMBER: 01568687)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 29 JANUARY 2023 TO 27 JANUARY 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 29 January 2023 196,382
Additions 33,138
At 27 January 2024 229,520
NET BOOK VALUE
At 27 January 2024 229,520
At 28 January 2023 196,382

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 57,911 32,345
Amounts recoverable on contract 44,528 9,282
Other debtors 50,719 38,360
153,158 79,987

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 19,815 9,912
Trade creditors 109,590 45,715
Taxation and social security 152,003 168,769
Other creditors 50,327 53,411
331,735 277,807

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,954 24,115

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 8,592 9,421
Between one and five years 13,604 22,165
22,196 31,586