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Company No: 07977225 (England and Wales)

ATTLEE SINCLAIR LIMITED

Unaudited Financial Statements
For the financial year ended 31 August 2024
Pages for filing with the registrar

ATTLEE SINCLAIR LIMITED

Unaudited Financial Statements

For the financial year ended 31 August 2024

Contents

ATTLEE SINCLAIR LIMITED

BALANCE SHEET

As at 31 August 2024
ATTLEE SINCLAIR LIMITED

BALANCE SHEET (continued)

As at 31 August 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 15,314 121,593
Investments 4 2,100 2,100
17,414 123,693
Current assets
Debtors 5 681,084 752,680
Cash at bank and in hand 1,752 4,604
682,836 757,284
Creditors: amounts falling due within one year 6 ( 250,807) ( 283,009)
Net current assets 432,029 474,275
Total assets less current liabilities 449,443 597,968
Creditors: amounts falling due after more than one year 7 ( 94,976) ( 96,578)
Provision for liabilities 0 20,100
Net assets 354,467 521,490
Capital and reserves
Called-up share capital 8 410 410
Share premium account 79,200 79,200
Profit and loss account 274,857 441,880
Total shareholders' funds 354,467 521,490

For the financial year ending 31 August 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Attlee Sinclair Limited (registered number: 07977225) were approved and authorised for issue by the Board of Directors on 16 May 2025. They were signed on its behalf by:

Mr R J Hooper
Director
ATTLEE SINCLAIR LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
ATTLEE SINCLAIR LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Attlee Sinclair Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Francis Clark Llp Melville Building East, Royal William Yard, Plymouth, PL1 3RP, United Kingdom. The principal place of business is Ocean House, 10, Kinterbury Street, Plymouth, Devon, PL1 2DG.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance
Fixtures and fittings 25 % reducing balance
Office equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Investments
Investments in non-puttable ordinary shares (where shares are publicly traded or their fair value is reliably measurable) measured at fair value through the Statement of Income and Retained Earnings. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery Vehicles Fixtures and fittings Office equipment Total
£ £ £ £ £
Cost
At 01 September 2023 1,319 157,730 1,099 5,649 165,797
Additions 0 0 0 1,203 1,203
Disposals 0 ( 120,296) 0 0 ( 120,296)
At 31 August 2024 1,319 37,434 1,099 6,852 46,704
Accumulated depreciation
At 01 September 2023 1,192 38,992 1,017 3,003 44,204
Charge for the financial year 32 3,996 21 680 4,729
Disposals 0 ( 17,543) 0 0 ( 17,543)
At 31 August 2024 1,224 25,445 1,038 3,683 31,390
Net book value
At 31 August 2024 95 11,989 61 3,169 15,314
At 31 August 2023 127 118,738 82 2,646 121,593

4. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 September 2023 2,100
At 31 August 2024 2,100
Carrying value at 31 August 2024 2,100
Carrying value at 31 August 2023 2,100

5. Debtors

2024 2023
£ £
Amounts owed by Group undertakings 573,977 722,618
Other debtors 107,107 30,062
681,084 752,680

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 34,417 58,216
Amounts owed to Group undertakings 182,159 185,422
Taxation and social security 8,509 3,117
Obligations under finance leases and hire purchase contracts 0 10,508
Other creditors 25,722 25,746
250,807 283,009

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Obligations under finance leases and hire purchase contracts (secured £79,748) 94,976 96,578

Hire purchase liabilities are secured against the assets to which they relate.

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
41,000 Ordinary shares shares of £ 0.01 each 410 410