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REGISTERED NUMBER: 08685460 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

BATES OF ATHERSTONE LIMITED

BATES OF ATHERSTONE LIMITED (REGISTERED NUMBER: 08685460)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BATES OF ATHERSTONE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: M J Gothard
Mrs R Gothard





REGISTERED OFFICE: c/o Philip Barnes & Co
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB





REGISTERED NUMBER: 08685460 (England and Wales)





ACCOUNTANTS: Philip Barnes & Co Limited
Chartered Accountants
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB

BATES OF ATHERSTONE LIMITED (REGISTERED NUMBER: 08685460)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 38,000 -
Tangible assets 5 33,937 7,288
71,937 7,288

CURRENT ASSETS
Stocks 19,707 13,310
Debtors 6 81,357 57,816
Cash at bank and in hand 174,079 119,550
275,143 190,676
CREDITORS
Amounts falling due within one year 7 137,136 50,938
NET CURRENT ASSETS 138,007 139,738
TOTAL ASSETS LESS CURRENT
LIABILITIES

209,944

147,026

PROVISIONS FOR LIABILITIES 8,400 2,000
NET ASSETS 201,544 145,026

CAPITAL AND RESERVES
Called up share capital 8 100 100
Capital redemption reserve 50 50
Retained earnings 201,394 144,876
SHAREHOLDERS' FUNDS 201,544 145,026

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BATES OF ATHERSTONE LIMITED (REGISTERED NUMBER: 08685460)

BALANCE SHEET - continued
30 SEPTEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 March 2025 and were signed on its behalf by:





M J Gothard - Director


BATES OF ATHERSTONE LIMITED (REGISTERED NUMBER: 08685460)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Bates of Atherstone 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 Company 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Straight line over 5 years
Plant & fixtures - 20% on cost
Motor vehicles - 25% reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

BATES OF ATHERSTONE LIMITED (REGISTERED NUMBER: 08685460)

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

3. EMPLOYEES

The average number of employees during the year was 11 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023 74,998
Additions 40,000
At 30 September 2024 114,998
AMORTISATION
At 1 October 2023 74,998
Charge for year 2,000
At 30 September 2024 76,998
NET BOOK VALUE
At 30 September 2024 38,000
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Short Plant & Motor
leasehold fixtures vehicles Totals
£    £    £    £   
COST
At 1 October 2023 1 1,147 44,530 45,678
Additions - 26,160 5,000 31,160
At 30 September 2024 1 27,307 49,530 76,838
DEPRECIATION
At 1 October 2023 - 426 37,964 38,390
Charge for year - 2,244 2,267 4,511
At 30 September 2024 - 2,670 40,231 42,901
NET BOOK VALUE
At 30 September 2024 1 24,637 9,299 33,937
At 30 September 2023 1 721 6,566 7,288

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 66,883 52,065
Other debtors 14,474 5,751
81,357 57,816

BATES OF ATHERSTONE LIMITED (REGISTERED NUMBER: 08685460)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 1,255
Trade creditors 50,039 6,834
Taxation and social security 41,136 20,146
Other creditors 45,961 22,703
137,136 50,938

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. OTHER FINANCIAL COMMITMENTS

The company has future operating lease commitments of £141,000 (2023 - £62,500).