Arthur Atkinson (summerbridge) Limited
Statement of financial position
as at 31 July 2024
Tangible assets
29,930
28,830
Cash at bank and in hand
74,706
21,606
Creditors: amounts falling due within one year
(17,928)
(25,856)
Net current assets
71,937
9,452
Called up share capital
1,500
1,500
Profit and loss account
99,552
35,967
Shareholders' funds
101,867
38,282
For the period ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 April 2024 and were signed on its behalf by
Graeme Atkinson
Director
Company Registration No. 00294058
Arthur Atkinson (summerbridge) Limited
Notes to the Accounts
for the period from 1 May 2023 to 31 July 2024
Arthur Atkinson (summerbridge) Limited is a private company, limited by shares, registered in England and Wales, registration number 00294058. The registered office is The Coal Yard, Market Flat Lane, Lingerfield, KNARESBOROUGH, North Yorkshire, HG5 9JA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the period from 1 May 2023 to 31 July 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 May 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 May 2023
28,830
-
28,830
Disposals
(4,500)
-
(4,500)
At 31 July 2024
24,330
7,000
31,330
Charge for the period
-
1,400
1,400
At 31 July 2024
-
1,400
1,400
At 31 July 2024
24,330
5,600
29,930
At 30 April 2023
28,830
-
28,830
Arthur Atkinson (summerbridge) Limited
Notes to the Accounts
for the period from 1 May 2023 to 31 July 2024
Amounts falling due within one year
Trade debtors
13,702
13,702
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
15,186
992
Other creditors
1,057
2,980
Loans from directors
985
21,884
7
Average number of employees
During the period the average number of employees was 1 (2023: 1).