Registered number
05402421
Athawes & Company Limited
Filleted Accounts
31 July 2024
Athawes & Company Limited
Registered number: 05402421
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 4,340 8,680
Tangible assets 4 518 691
4,858 9,371
Current assets
Stocks 320 650
Debtors 5 122,180 124,959
Cash at bank and in hand 14,517 23,645
137,017 149,254
Creditors: amounts falling due within one year 6 (31,645) (36,133)
Net current assets 105,372 113,121
Total assets less current liabilities 110,230 122,492
Provisions for liabilities (98) (131)
Net assets 110,132 122,361
Capital and reserves
Called up share capital 1 1
Profit and loss account 110,131 122,360
Shareholder's funds 110,132 122,361
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A.K.Athawes
Director
Approved by the board on 24 April 2025
Athawes & Company Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% on written down value
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 August 2023 43,400
At 31 July 2024 43,400
Amortisation
At 1 August 2023 34,720
Provided during the year 4,340
At 31 July 2024 39,060
Net book value
At 31 July 2024 4,340
At 31 July 2023 8,680
Goodwill is being written off in equal instalments over its economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2023 23,129
At 31 July 2024 23,129
Depreciation
At 1 August 2023 22,438
Charge for the year 173
At 31 July 2024 22,611
Net book value
At 31 July 2024 518
At 31 July 2023 691
5 Debtors 2024 2023
£ £
Trade debtors 59,133 57,676
Other debtors 63,047 67,283
122,180 124,959
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 3,902 6,691
Taxation and social security costs 24,324 26,645
Other creditors 3,419 2,797
31,645 36,133
7 Controlling party
The controlling party is A.K.Athawes by virtue of his ownership of 100% of the issued Ordinary share capital of the company.
8 Other information
Athawes & Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
Stirling House, Sunderland Quay,
Culpeper Close,
Rochester,
Kent,
ME2 4HN.
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