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REGISTERED NUMBER: 03745450 (England and Wales)















GROUP STRATEGIC REPORT, REPORT OF THE DIRECTOR AND

CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

ANDREW ATKINSON LIVESTOCK LIMITED

ANDREW ATKINSON LIVESTOCK LIMITED (REGISTERED NUMBER: 03745450)






CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Group Strategic Report 2

Report of the Director 3

Report of the Independent Auditors 5

Consolidated Income Statement 9

Consolidated Other Comprehensive Income 10

Consolidated Balance Sheet 11

Company Balance Sheet 12

Consolidated Statement of Changes in Equity 13

Company Statement of Changes in Equity 14

Consolidated Cash Flow Statement 15

Notes to the Consolidated Cash Flow Statement 16

Notes to the Consolidated Financial Statements 18


ANDREW ATKINSON LIVESTOCK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: Andrew Atkinson





SECRETARY: Jillian Rebecca Barbara E Atkinson





REGISTERED OFFICE: Croft House Farm
Long Lane
Felliscliffe
Harrogate
HG3 2LU





REGISTERED NUMBER: 03745450 (England and Wales)





AUDITORS: Walter Dawson & Son
Chartered Accountants
16 Omega Business Village
Thurston Road
Northallerton
North Yorkshire
DL6 2NJ

ANDREW ATKINSON LIVESTOCK LIMITED (REGISTERED NUMBER: 03745450)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 30 APRIL 2024

The director presents his strategic report of the company and the group for the year ended 30 April 2024.

REVIEW OF BUSINESS
The group deals in the buying, selling and rearing of livestock in the UK.

The results for the year and the financial position at the year end were considered satisfactory by the directors.

PRINCIPAL RISKS AND UNCERTAINTIES
The principal risks and uncertainties facing the company are as follows:-

Changing legislation - improved standard required by new legislation can involve additional costs being incurred.

Outbreak of disease - significant outbreaks of disease would negatively impact upon the customers supply processes and ability to meet customer's demands threatening it's trade. Government guidance is followed to minimise this risk.

Unprecedented inflation increases continuously impact the company leading to increased costs for things such as wages and fuel.

ON BEHALF OF THE BOARD:





Andrew Atkinson - Director


31 January 2025

ANDREW ATKINSON LIVESTOCK LIMITED (REGISTERED NUMBER: 03745450)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 30 APRIL 2024

The director presents his report with the financial statements of the company and the group for the year ended 30 April 2024.

DIVIDENDS
An interim dividend of £75,000 per Ordinary A share was paid on 1 May 2023. The director recommends that no final dividend be paid.

An interim dividend of £85,000 per Ordinary B share was paid on 1 May 2023. The director recommends that no final dividend be paid.

The total distribution of dividends for the year ended 30 April 2024 will be £160,000.

FUTURE DEVELOPMENTS
The director does not anticipate any changes to the business in the foreseeable future but continues to review the position of the business and respond to changes in the market.

DIRECTOR
Andrew Atkinson held office during the whole of the period from 1 May 2023 to the date of this report..

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Group Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

ANDREW ATKINSON LIVESTOCK LIMITED (REGISTERED NUMBER: 03745450)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 30 APRIL 2024


AUDITORS
The auditors, Walter Dawson & Son, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





Andrew Atkinson - Director


31 January 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ANDREW ATKINSON LIVESTOCK LIMITED

Opinion
We have audited the financial statements of Andrew Atkinson Livestock Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 April 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 30 April 2024 and of the group's profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information
The director is responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ANDREW ATKINSON LIVESTOCK LIMITED


Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of director
As explained more fully in the Statement of Director's Responsibilities set out on page three, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the group or the parent company or to cease operations, or has no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ANDREW ATKINSON LIVESTOCK LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risk of material misstatement in respect of irregularities, including fraud
and non-compliance with laws and regulations, was as follows:
- the engagement partner ensured that the engagement team collectively had the appropriate competence,
capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
- we identified the laws and regulations applicable to the company through discussion with directors and other
management, and form our commercial knowledge and experience of the sector;
- we focussed on specific laws and regulations which considered may have a direct material effect on the financial
statements or the operations of the company, including the Companies Act 2006, taxation legislation, data protection, anti-bribery, employment, environmental and health and safety legislation;
- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of
management and inspecting legal correspondence; and
- identified laws and regulations were communicated within the audit team regularly and the team remained alert to
instances of non-compliance throughout the audit.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
- making enquiries of management as to where they considered there was a susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and overide of controls, we:
- performed analytical procedures to identify any unusual or unexpected relationships;
- tested journal entries to identify unusual transactions;
- assessed whether judgements and assumptions made in determining the accounting estimates set out in note 2 and where indicative of potential bias; and
- investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
- agreeing financial statement disclosures to underlying supporting documentation;
- reading the minutes of meetings of those charged with governance;
- enquiring of management as to actual and potential litigation and claims; and
- reviewing correspondence with HMRC, relevant regulators including the Health and Safety Executive, and the
company's legal advisors.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ANDREW ATKINSON LIVESTOCK LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




John Richard Hall FCA (Senior Statutory Auditor)
for and on behalf of Walter Dawson & Son
Chartered Accountants
16 Omega Business Village
Thurston Road
Northallerton
North Yorkshire
DL6 2NJ

31 January 2025

ANDREW ATKINSON LIVESTOCK LIMITED (REGISTERED NUMBER: 03745450)

CONSOLIDATED
INCOME STATEMENT
FOR THE YEAR ENDED 30 APRIL 2024

2024 2023
Notes £    £   

TURNOVER 25,788,496 28,325,027

Cost of sales 24,062,134 26,719,448
GROSS PROFIT 1,726,362 1,605,579

Administrative expenses 1,108,189 371,778
618,173 1,233,801

Other operating income 2,100 370
Gain/loss on revaluation of investment
property

218,989

-
OPERATING PROFIT 4 839,262 1,234,171

Interest receivable and similar income - 26
839,262 1,234,197

Interest payable and similar expenses 5 451,389 71,127
PROFIT BEFORE TAXATION 387,873 1,163,070

Tax on profit 6 60,194 276,418
PROFIT FOR THE FINANCIAL YEAR 327,679 886,652
Profit attributable to:
Owners of the parent 327,679 886,652

ANDREW ATKINSON LIVESTOCK LIMITED (REGISTERED NUMBER: 03745450)

CONSOLIDATED
OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 APRIL 2024

2024 2023
Notes £    £   

PROFIT FOR THE YEAR 327,679 886,652


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR THE
YEAR

327,679

886,652

Total comprehensive income attributable to:
Owners of the parent 327,679 886,652

ANDREW ATKINSON LIVESTOCK LIMITED (REGISTERED NUMBER: 03745450)

CONSOLIDATED BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 9 - 125
Tangible assets 10 8,364,199 8,194,912
Investments 11 30,954 30,954
Investment property 12 750,000 531,011
9,145,153 8,757,002

CURRENT ASSETS
Stocks 13 3,076,914 3,016,492
Debtors 14 1,008,958 1,130,890
Cash at bank 17,211 49,750
4,103,083 4,197,132
CREDITORS
Amounts falling due within one year 15 7,208,505 6,994,670
NET CURRENT LIABILITIES (3,105,422 ) (2,797,538 )
TOTAL ASSETS LESS CURRENT LIABILITIES 6,039,731 5,959,464

CREDITORS
Amounts falling due after more than one
year

16

(3,154,978

)

(3,277,333

)

PROVISIONS FOR LIABILITIES 20 (238,800 ) (203,857 )
NET ASSETS 2,645,953 2,478,274

CAPITAL AND RESERVES
Called up share capital 21 103 103
Revaluation reserve 22 218,989 -
Retained earnings 22 2,426,861 2,478,171
SHAREHOLDERS' FUNDS 2,645,953 2,478,274

The financial statements were approved by the director and authorised for issue on 31 January 2025 and were signed by:





Andrew Atkinson - Director


ANDREW ATKINSON LIVESTOCK LIMITED (REGISTERED NUMBER: 03745450)

COMPANY BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 9 - 125
Tangible assets 10 2,113,598 2,029,655
Investments 11 6,521,510 6,521,510
Investment property 12 750,000 531,011
9,385,108 9,082,301

CURRENT ASSETS
Stocks 13 3,001,095 2,869,232
Debtors 14 1,000,671 1,117,614
Cash at bank 10,072 46,490
4,011,838 4,033,336
CREDITORS
Amounts falling due within one year 15 7,204,165 7,159,621
NET CURRENT LIABILITIES (3,192,327 ) (3,126,285 )
TOTAL ASSETS LESS CURRENT LIABILITIES 6,192,781 5,956,016

CREDITORS
Amounts falling due after more than one
year

16

(3,130,219

)

(3,277,333

)

PROVISIONS FOR LIABILITIES 20 (237,893 ) (219,675 )
NET ASSETS 2,824,669 2,459,008

CAPITAL AND RESERVES
Called up share capital 21 103 103
Revaluation reserve 218,989 -
Retained earnings 2,605,577 2,458,905
SHAREHOLDERS' FUNDS 2,824,669 2,459,008

Company's profit for the financial year 525,661 867,386

The financial statements were approved by the director and authorised for issue on 31 January 2025 and were signed by:





Andrew Atkinson - Director


ANDREW ATKINSON LIVESTOCK LIMITED (REGISTERED NUMBER: 03745450)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2024

Called up
share Retained Revaluation Total
capital earnings reserve equity
£    £    £    £   
Balance at 1 May 2022 103 1,764,519 - 1,764,622

Changes in equity
Dividends - (173,000 ) - (173,000 )
Total comprehensive income - 886,652 - 886,652
Balance at 30 April 2023 103 2,478,171 - 2,478,274

Changes in equity
Dividends - (160,000 ) - (160,000 )
Total comprehensive income - 108,690 218,989 327,679
Balance at 30 April 2024 103 2,426,861 218,989 2,645,953

ANDREW ATKINSON LIVESTOCK LIMITED (REGISTERED NUMBER: 03745450)

COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2024

Called up
share Retained Revaluation Total
capital earnings reserve equity
£    £    £    £   
Balance at 1 May 2022 103 1,764,519 - 1,764,622

Changes in equity
Profit for the year - 867,386 - 867,386
Total comprehensive income - 867,386 - 867,386
Dividends - (173,000 ) - (173,000 )
Balance at 30 April 2023 103 2,458,905 - 2,459,008

Changes in equity
Profit for the year - 525,661 - 525,661
Other comprehensive income - (218,989 ) 218,989 -
Total comprehensive income - 306,672 218,989 525,661
Dividends - (160,000 ) - (160,000 )
Balance at 30 April 2024 103 2,605,577 218,989 2,824,669

ANDREW ATKINSON LIVESTOCK LIMITED (REGISTERED NUMBER: 03745450)

CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 APRIL 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 364,981 919,998
Interest paid (444,302 ) (62,146 )
Interest element of hire purchase payments
paid

(7,087

)

(8,981

)
Tax paid (113,639 ) (53,240 )
Net cash from operating activities (200,047 ) 795,631

Cash flows from investing activities
Purchase of tangible fixed assets (407,033 ) (6,417,282 )
Purchase of investment property - (10,975 )
Sale of tangible fixed assets 72,500 25,500
Sale of fixed asset investments - 673,095
Sale of investment property - 1,169,634
Interest received - 26
Net cash from investing activities (334,533 ) (4,560,002 )

Cash flows from financing activities
New loans in year - 4,320,505
Loan repayments in year (128,017 ) -
Capital repayments in year (17,934 ) (74,761 )
Amount introduced by directors 11,318 163,909
Amount withdrawn by directors (3,858 ) -
Payments to associates 273,093 (57,116 )
Equity dividends paid (160,000 ) (173,000 )
Net cash from financing activities (25,398 ) 4,179,537

(Decrease)/increase in cash and cash equivalents (559,978 ) 415,166
Cash and cash equivalents at beginning of
year

2

(469,680

)

(884,846

)

Cash and cash equivalents at end of year 2 (1,029,658 ) (469,680 )

ANDREW ATKINSON LIVESTOCK LIMITED (REGISTERED NUMBER: 03745450)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 APRIL 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2024 2023
£    £   
Profit before taxation 387,873 1,163,070
Depreciation charges 178,361 146,621
Profit on disposal of fixed assets (12,989 ) (662,487 )
Gain on revaluation of fixed assets (218,989 ) -
Finance costs 451,389 71,127
Finance income - (26 )
785,645 718,305
Increase in stocks (60,422 ) (758,346 )
Decrease in trade and other debtors 121,932 280,085
(Decrease)/increase in trade and other creditors (482,174 ) 679,954
Cash generated from operations 364,981 919,998

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30 April 2024
30.4.24 1.5.23
£    £   
Cash and cash equivalents 17,211 49,750
Bank overdrafts (1,046,869 ) (519,430 )
(1,029,658 ) (469,680 )
Year ended 30 April 2023
30.4.23 1.5.22
£    £   
Cash and cash equivalents 49,750 -
Bank overdrafts (519,430 ) (884,846 )
(469,680 ) (884,846 )


ANDREW ATKINSON LIVESTOCK LIMITED (REGISTERED NUMBER: 03745450)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 APRIL 2024

3. ANALYSIS OF CHANGES IN NET DEBT

At 1.5.23 Cash flow At 30.4.24
£    £    £   
Net cash
Cash at bank 49,750 (32,539 ) 17,211
Bank overdrafts (519,430 ) (527,439 ) (1,046,869 )
(469,680 ) (559,978 ) (1,029,658 )
Debt
Finance leases (141,250 ) 17,934 (123,316 )
Debts falling due within 1 year (2,163,494 ) (833 ) (2,164,327 )
Debts falling due after 1 year (3,215,610 ) 128,850 (3,086,760 )
(5,520,354 ) 145,951 (5,374,403 )
Total (5,990,034 ) (414,027 ) (6,404,061 )

ANDREW ATKINSON LIVESTOCK LIMITED (REGISTERED NUMBER: 03745450)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Andrew Atkinson Livestock 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 General 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgements that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenue and expenses during the accounting period.

- Valuation of investment properties - the valuation of the investment properties at the reporting date is based on a fair value valuation prepared by the directors. Any uplift in value is charged to the Statement of Comprehensive Income under gain/(loss) on financial assets at fair value.

- Residual values of fixed assets - Fixed assets are depreciated fully to a nil residual value on the basis that assets will be scrapped or replaced rather than sold on at the end of their useful life to the Company.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Milk quota have been fully amortised in the current year.

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 - 1% on cost and Not depreciated
Short leasehold - Over the term of the lease
Plant and machinery - 20% on cost and 15% on reducing balance
Fixtures and fittings - 20% on cost and 15% on reducing balance
Motor vehicles - 25% on reducing balance and 20% on reducing balance
Computer equipment - 33% on reducing balance and 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.

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


ANDREW ATKINSON LIVESTOCK LIMITED (REGISTERED NUMBER: 03745450)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued
TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

HIRE PURCHASE AND LEASING COMMITMENTS
Tangible fixed assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other fixed assets. The related obligations, net of future charges, are included in creditors.

Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease. The benefits of lease incentives are recognised in the profit and loss account over the shorter of the lease period and the period to the next review at which the rent is expected to be reset to market rates.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

INCOME RECOGNITION
The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

FINANCE COSTS OF DEBT
The finance costs of deb, including interest and issue costs, are allocated to each period over the term of the debt and charged to the profit and loss account at a constant rate on the outstanding amount.

FINANCIAL INSTRUMENTS
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially measured at cost and thereafter at fair value with changes recognised in the profit or loss.

ANDREW ATKINSON LIVESTOCK LIMITED (REGISTERED NUMBER: 03745450)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

3. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 293,443 223,153
Social security costs 17,605 16,490
Other pension costs 5,828 5,064
316,876 244,707

The average number of employees during the year was as follows:
2024 2023

Support staff 12 16

The average number of employees by undertakings that were proportionately consolidated during the year was 13 (2023 - 16 ) .

2024 2023
£    £   
Director's remuneration 11,345 9,562

4. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2024 2023
£    £   
Other operating leases 141,749 95,043
Depreciation - owned assets 178,235 146,496
Profit on disposal of fixed assets (12,989 ) (662,487 )
Goodwill amortisation 125 125
Auditors' remuneration 9,950 9,500

5. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Bank interest 45,263 15,350
Bank loan interest 398,383 46,140
Other loan interest 656 656
Hire purchase 7,087 8,981
451,389 71,127

ANDREW ATKINSON LIVESTOCK LIMITED (REGISTERED NUMBER: 03745450)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 25,251 226,847

Deferred tax 34,943 49,571
Tax on profit 60,194 276,418

7. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


8. DIVIDENDS
2024 2023
£    £   
Ordinary shares of £1 each
Interim 160,000 173,000

9. INTANGIBLE FIXED ASSETS

Group
Milk
Goodwill quota Totals
£    £    £   
COST
At 1 May 2023 5,974 - 5,974
Disposals - (24,161 ) (24,161 )
At 30 April 2024 5,974 (24,161 ) (18,187 )
AMORTISATION
At 1 May 2023 5,849 - 5,849
Amortisation for year 125 - 125
Charge written back - (24,161 ) (24,161 )
At 30 April 2024 5,974 (24,161 ) (18,187 )
NET BOOK VALUE
At 30 April 2024 - - -
At 30 April 2023 125 - 125

ANDREW ATKINSON LIVESTOCK LIMITED (REGISTERED NUMBER: 03745450)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

9. INTANGIBLE FIXED ASSETS - continued

Company
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 5,974
AMORTISATION
At 1 May 2023 5,849
Amortisation for year 125
At 30 April 2024 5,974
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 125

10. TANGIBLE FIXED ASSETS

Group
Freehold Short Plant and
property leasehold machinery
£    £    £   
COST
At 1 May 2023 7,210,138 1,487,383 369,463
Additions 11,174 134,991 87,535
Disposals - - (11,249 )
At 30 April 2024 7,221,312 1,622,374 445,749
DEPRECIATION
At 1 May 2023 6,702 905,231 216,376
Charge for year 13,516 34,470 38,730
Eliminated on disposal - - (5,347 )
At 30 April 2024 20,218 939,701 249,759
NET BOOK VALUE
At 30 April 2024 7,201,094 682,673 195,990
At 30 April 2023 7,203,436 582,152 153,087

ANDREW ATKINSON LIVESTOCK LIMITED (REGISTERED NUMBER: 03745450)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

10. TANGIBLE FIXED ASSETS - continued

Group

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 52,158 58,932 368,835 9,546,909
Additions 30,133 17,200 126,000 407,033
Disposals - - (95,305 ) (106,554 )
At 30 April 2024 82,291 76,132 399,530 9,847,388
DEPRECIATION
At 1 May 2023 34,586 31,252 157,850 1,351,997
Charge for year 10,839 9,836 70,844 178,235
Eliminated on disposal - - (41,696 ) (47,043 )
At 30 April 2024 45,425 41,088 186,998 1,483,189
NET BOOK VALUE
At 30 April 2024 36,866 35,044 212,532 8,364,199
At 30 April 2023 17,572 27,680 210,985 8,194,912

Company
Freehold Short Plant and
property leasehold machinery
£    £    £   
COST
At 1 May 2023 1,038,179 1,487,383 369,463
Additions - 134,991 17,085
Disposals - - (11,249 )
At 30 April 2024 1,038,179 1,622,374 375,299
DEPRECIATION
At 1 May 2023 - 905,231 216,376
Charge for year - 34,470 24,640
Eliminated on disposal - - (5,347 )
At 30 April 2024 - 939,701 235,669
NET BOOK VALUE
At 30 April 2024 1,038,179 682,673 139,630
At 30 April 2023 1,038,179 582,152 153,087

ANDREW ATKINSON LIVESTOCK LIMITED (REGISTERED NUMBER: 03745450)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

10. TANGIBLE FIXED ASSETS - continued

Company

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 62,193 62,432 368,835 3,388,485
Additions 1,240 6,250 126,000 285,566
Disposals - - (95,305 ) (106,554 )
At 30 April 2024 63,433 68,682 399,530 3,567,497
DEPRECIATION
At 1 May 2023 44,621 34,752 157,850 1,358,830
Charge for year 5,060 7,098 70,844 142,112
Eliminated on disposal - - (41,696 ) (47,043 )
At 30 April 2024 49,681 41,850 186,998 1,453,899
NET BOOK VALUE
At 30 April 2024 13,752 26,832 212,532 2,113,598
At 30 April 2023 17,572 27,680 210,985 2,029,655

The net book value of tangible fixed assets includes £198,508 (2023: £188,334) in respect of assets held under hire purchase contracts and finance leases. The depreciation charge on those assets amounted to £61,764 (2023: £55,280).

11. FIXED ASSET INVESTMENTS

Group
Unlisted
investments
£   
COST
At 1 May 2023
and 30 April 2024 30,954
NET BOOK VALUE
At 30 April 2024 30,954
At 30 April 2023 30,954

ANDREW ATKINSON LIVESTOCK LIMITED (REGISTERED NUMBER: 03745450)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

11. FIXED ASSET INVESTMENTS - continued

Company
Shares in
group Unlisted
undertakings investments Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 6,490,558 30,952 6,521,510
NET BOOK VALUE
At 30 April 2024 6,490,558 30,952 6,521,510
At 30 April 2023 6,490,558 30,952 6,521,510

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

SUBSIDIARY

Hepburn Farm Limited
Registered office: Croft House Farm, Long Lane, Feliscliffe, Harrogate, HG3 2LU
Nature of business: Farming
%
Class of shares: holding
Ordinary 100.00


12. INVESTMENT PROPERTY

Group
Total
£   
FAIR VALUE
At 1 May 2023 531,011
Revaluations 218,989
At 30 April 2024 750,000
NET BOOK VALUE
At 30 April 2024 750,000
At 30 April 2023 531,011

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2024 218,989
Cost 531,011
750,000

ANDREW ATKINSON LIVESTOCK LIMITED (REGISTERED NUMBER: 03745450)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

12. INVESTMENT PROPERTY - continued

Company
Total
£   
FAIR VALUE
At 1 May 2023 531,011
Revaluations 218,989
At 30 April 2024 750,000
NET BOOK VALUE
At 30 April 2024 750,000
At 30 April 2023 531,011

The directors have reviewed the fair value based on current market prices and believe that the fair value has increased by £218,989 in the period to 30 April 2024.

The valuation was carried out by management.

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2024 218,989
Cost 531,011
750,000

13. STOCKS

Group Company
2024 2023 2024 2023
£    £    £    £   
Stocks 3,076,914 3,016,492 3,001,095 2,869,232

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Trade debtors 982,990 1,093,879 982,990 1,093,879
Other debtors 7,000 8,379 7,000 8,379
Prepayments and accrued income 8,287 13,276 - -
Prepayments 10,681 15,356 10,681 15,356
1,008,958 1,130,890 1,000,671 1,117,614

ANDREW ATKINSON LIVESTOCK LIMITED (REGISTERED NUMBER: 03745450)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Bank loans and overdrafts (see note 17) 3,211,196 2,682,924 3,211,196 2,682,924
Hire purchase contracts (see note 18) 79,890 104,319 55,598 104,319
Trade creditors 2,818,317 3,316,100 2,766,002 3,316,102
Amounts owed to associates 784,727 511,633 850,448 674,573
Tax 123,743 212,131 123,743 212,131
Social security and other taxes 3,348 - 1,844 -
VAT 1,531 12,665 12,582 16,304
Other creditors 4,815 1,141 3,914 1,141
Directors' loan accounts 9,806 2,346 9,806 2,346
Accruals and deferred income 171,132 151,411 169,032 149,781
7,208,505 6,994,670 7,204,165 7,159,621

16. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Bank loans (see note 17) 3,086,760 3,215,610 3,086,760 3,215,610
Hire purchase contracts (see note 18) 43,426 36,931 18,667 36,931
Other creditors 24,792 24,792 24,792 24,792
3,154,978 3,277,333 3,130,219 3,277,333

17. LOANS

An analysis of the maturity of loans is given below:

Group Company
2024 2023 2024 2023
£    £    £    £   
Amounts falling due within one year or on demand:
Bank overdrafts 1,046,869 519,430 1,046,869 519,430
Bank loans 2,164,327 2,163,494 2,164,327 2,163,494
3,211,196 2,682,924 3,211,196 2,682,924
Amounts falling due between two and five years:
Bank loans - 2-5 years 1,433,141 1,443,975 1,433,141 1,443,975
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 1,653,619 1,771,635 1,653,619 1,771,635

ANDREW ATKINSON LIVESTOCK LIMITED (REGISTERED NUMBER: 03745450)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

18. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 79,890 104,319
Between one and five years 43,426 36,931
123,316 141,250

Company
Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 55,598 104,319
Between one and five years 18,667 36,931
74,265 141,250

Company
Non-cancellable operating leases
2024 2023
£    £   
Within one year 17,000 17,000
Between one and five years 17,000 24,000
34,000 41,000

19. SECURED DEBTS

The following secured debts are included within creditors:

Company
2024 2023
£    £   
Bank overdrafts 1,046,869 519,430
Bank loans 5,251,087 5,379,104
6,297,956 5,898,534

ANDREW ATKINSON LIVESTOCK LIMITED (REGISTERED NUMBER: 03745450)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

20. PROVISIONS FOR LIABILITIES

Group Company
2024 2023 2024 2023
£    £    £    £   
Deferred tax 238,800 203,857 237,893 219,675

Group
Deferred
tax
£   
Balance at 1 May 2023 203,857
Provided during year 34,943
Balance at 30 April 2024 238,800

Company
Deferred
tax
£   
Balance at 1 May 2023 219,675
Provided during year 18,218
Balance at 30 April 2024 237,893

21. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number: Class: Nominal 2024 2023
Value: £ £
100 Ordinary £1 100 100
1 'A' Ordinary £1 1 1
1 'B' Ordinary £1 1 1
1 'C' Ordinary £1 1 1
103 103

All shares rank pari passu with ordinary shares.

ANDREW ATKINSON LIVESTOCK LIMITED (REGISTERED NUMBER: 03745450)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

22. RESERVES

Group
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 May 2023 2,478,171 - 2,478,171
Profit for the year 327,679 327,679
Dividends (160,000 ) (160,000 )
Revaluation reserve (218,989 ) 218,989 -
At 30 April 2024 2,426,861 218,989 2,645,850

Company
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 May 2023 2,458,905 - 2,458,905
Profit for the year 525,661 525,661
Dividends (160,000 ) (160,000 )
Revaluation reserve (218,989 ) 218,989 -
At 30 April 2024 2,605,577 218,989 2,824,566