2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 12046322 2023-07-01 2024-06-30 12046322 2024-06-30 12046322 2023-06-30 12046322 2022-07-01 2023-06-30 12046322 2023-06-30 12046322 2022-06-30 12046322 bus:RegisteredOffice 2023-07-01 2024-06-30 12046322 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 12046322 bus:OrdinaryShareClass2 2023-07-01 2024-06-30 12046322 bus:LeadAgentIfApplicable 2023-07-01 2024-06-30 12046322 bus:Director1 2023-07-01 2024-06-30 12046322 core:WithinOneYear 2024-06-30 12046322 core:WithinOneYear 2023-06-30 12046322 core:ShareCapital 2024-06-30 12046322 core:ShareCapital 2023-06-30 12046322 core:RetainedEarningsAccumulatedLosses 2024-06-30 12046322 core:RetainedEarningsAccumulatedLosses 2023-06-30 12046322 bus:SmallEntities 2023-07-01 2024-06-30 12046322 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 12046322 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 12046322 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12046322 bus:FullAccounts 2023-07-01 2024-06-30 12046322 bus:OrdinaryShareClass1 2024-06-30 12046322 bus:OrdinaryShareClass1 2023-06-30 12046322 bus:OrdinaryShareClass2 2024-06-30 12046322 bus:OrdinaryShareClass2 2023-06-30 12046322 bus:AllOrdinaryShares 2024-06-30 12046322 bus:AllOrdinaryShares 2023-06-30
COMPANY REGISTRATION NUMBER: 12046322
Atkinson Financial Services Limited
Filleted Unaudited Financial Statements
30 June 2024
Atkinson Financial Services Limited
Financial Statements
Year ended 30 June 2024
Contents
Page
Officers and professional advisers
1
Chartered accountant's report to the director on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
4
Atkinson Financial Services Limited
Officers and Professional Advisers
Director
Mr N Atkinson
Registered office
90-92 Scott Street
Barrow-In-Furness
Cumbria
LA14 1QE
Accountants
Riverside Accountancy Lancaster Limited
Chartered accountants
Suite 2, 2 Mannin Way
Lancaster Business Park
Caton Road
Lancaster
LA1 3SU
Bankers
Barclays
LE87 2BB
Atkinson Financial Services Limited
Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Atkinson Financial Services Limited
Year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Atkinson Financial Services Limited for the year ended 30 June 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Atkinson Financial Services Limited. Our work has been undertaken solely to prepare for your approval the financial statements of Atkinson Financial Services Limited and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Atkinson Financial Services Limited and its director for our work or for this report.
It is your duty to ensure that Atkinson Financial Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Atkinson Financial Services Limited. You consider that Atkinson Financial Services Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Atkinson Financial Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Riverside Accountancy Lancaster Limited Chartered accountants
Suite 2, 2 Mannin Way Lancaster Business Park Caton Road Lancaster LA1 3SU
28 March 2025
Atkinson Financial Services Limited
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
Current assets
Debtors
5
5,683
7,598
Cash at bank and in hand
63,259
43,172
--------
--------
68,942
50,770
Creditors: amounts falling due within one year
6
9,960
5,658
--------
--------
Net current assets
58,982
45,112
--------
--------
Total assets less current liabilities
58,982
45,112
--------
--------
Net assets
58,982
45,112
--------
--------
Capital and reserves
Called up share capital
7
25,000
25,000
Profit and loss account
33,982
20,112
--------
--------
Shareholders funds
58,982
45,112
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 28 March 2025 , and are signed on behalf of the board by:
Mr N Atkinson
Director
Company registration number: 12046322
Atkinson Financial Services Limited
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 90-92 Scott Street, Barrow-In-Furness, Cumbria, LA14 1QE.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. The financial statements have been rounded to the nearest £1.
Revenue recognition
The company's turnover represents the value of services supplied to clients during the period. Turnover represents fees and commissions, paid to the company during the year, including commission earned and paid on policies proposed and accepted on risk before the year end.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Debtors
2024
2023
£
£
Trade debtors
3,794
5,562
Other debtors
1,889
2,036
-------
-------
5,683
7,598
-------
-------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
1,780
547
Social security and other taxes
5,852
2,624
Other creditors
2,328
2,487
-------
-------
9,960
5,658
-------
-------
7. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary A shares of £ 1 each
24,000
24,000
24,000
24,000
Ordinary B shares of £ 1 each
1,000
1,000
1,000
1,000
--------
--------
--------
--------
25,000
25,000
25,000
25,000
--------
--------
--------
--------
8. Controlling party
The company is controlled by the director .