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REGISTERED NUMBER: 06906285 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

ATHERTON MATERIALS HANDLING LIMITED

ATHERTON MATERIALS HANDLING LIMITED (REGISTERED NUMBER: 06906285)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ATHERTON MATERIALS HANDLING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: D Atherton





REGISTERED OFFICE: Station Road, Common Lane
Ranskill
Retford
Nottinghamshire
DN22 8LW





REGISTERED NUMBER: 06906285 (England and Wales)





ACCOUNTANTS: TC Group
31 High View Close
Hamilton Office Park
Leicester
Leicestershire
LE4 9LJ

ATHERTON MATERIALS HANDLING LIMITED (REGISTERED NUMBER: 06906285)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 335,730 447,964

CURRENT ASSETS
Stocks 266,000 20,000
Debtors 5 1,898,443 2,073,528
Cash at bank and in hand 231,056 644,150
2,395,499 2,737,678
CREDITORS
Amounts falling due within one year 6 744,709 2,496,264
NET CURRENT ASSETS 1,650,790 241,414
TOTAL ASSETS LESS CURRENT LIABILITIES 1,986,520 689,378

CREDITORS
Amounts falling due after more than one
year

7

(1,373,587

)

(110,567

)

PROVISIONS FOR LIABILITIES (72,974 ) (91,744 )
NET ASSETS 539,959 487,067

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 537,959 485,067
539,959 487,067

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

ATHERTON MATERIALS HANDLING LIMITED (REGISTERED NUMBER: 06906285)

BALANCE SHEET - continued
31 MAY 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 7 January 2025 and were signed by:





D Atherton - Director


ATHERTON MATERIALS HANDLING LIMITED (REGISTERED NUMBER: 06906285)

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


1. STATUTORY INFORMATION

Atherton Materials Handling 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.

Preparation of consolidated financial statements
The financial statements contain information about Atherton Materials Handling Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

Taxation
Taxation for the year 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 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.

ATHERTON MATERIALS HANDLING LIMITED (REGISTERED NUMBER: 06906285)

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


2. ACCOUNTING POLICIES - continued

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 32 (2023 - 36 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 June 2023 171,129 197,900 378,205 747,234
Additions 74,950 8,894 39,990 123,834
Disposals - - (166,300 ) (166,300 )
At 31 May 2024 246,079 206,794 251,895 704,768
DEPRECIATION
At 1 June 2023 73,816 68,049 157,405 299,270
Charge for year 41,505 34,400 36,042 111,947
Eliminated on disposal - - (42,179 ) (42,179 )
At 31 May 2024 115,321 102,449 151,268 369,038
NET BOOK VALUE
At 31 May 2024 130,758 104,345 100,627 335,730
At 31 May 2023 97,313 129,851 220,800 447,964

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 492,297 226,472
Amounts owed by group undertakings - 283,845
Other debtors 1,406,146 1,563,211
1,898,443 2,073,528

ATHERTON MATERIALS HANDLING LIMITED (REGISTERED NUMBER: 06906285)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 30,183 27,394
Hire purchase contracts 17,034 37,692
Trade creditors 584,120 1,372,155
Amounts owed to group undertakings 15,751 688,000
Taxation and social security 79,082 245,154
Other creditors 18,539 125,869
744,709 2,496,264

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 21,010 53,983
Hire purchase contracts 21,550 56,584
Amounts owed to group undertakings 1,331,027 -
1,373,587 110,567

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 51,193 81,377

The bank loans are secured by way of a fixed and floating charge over the assets of the company.
The hire purchase debts are secured over the assets to which they relate.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
D Atherton
Balance outstanding at start of year 733,857 (26,908 )
Amounts advanced 602,104 872,950
Amounts repaid (780,000 ) (112,185 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 555,961 733,857

10. PARENT COMPANY

The ultimate parent company is Atherton Holdings Limited, a company registered in England and Wales.