REGISTERED NUMBER: 00354338 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Attwater & Sons Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R Attwater

Mr A Goode

Mr D Swarbrick

Mr M J D'Arcy

SECRETARY:

Mr M J D'Arcy

REGISTERED OFFICE:

Hopwood Street Mills

Holstein Street

Preston

PR1 1UN

REGISTERED NUMBER:

00354338 (England and Wales)

ACCOUNTANTS:

McDade Roberts Accountants Limited

Chartered Accountants

316 Blackpool Road

Fulwood

Preston

Lancashire

PR2 3AE

FIXED ASSETS

Tangible assets

4

479,550

439,120

Investments

5

1

1

479,551

439,121

CURRENT ASSETS

Stocks

1,070,173

1,228,046

Debtors

6

651,498

541,169

Cash at bank and in hand

252,449

253,248

1,974,120

2,022,463

CREDITORS

Amounts falling due within one year

7

1,466,915

1,298,249

NET CURRENT ASSETS

507,205

724,214

TOTAL ASSETS LESS CURRENT LIABILITIES

986,756

1,163,335

CREDITORS

Amounts falling due after more than one year

8

(94,127

)

(126,625

)

PROVISIONS FOR LIABILITIES

(39,610

)

(31,795

)

NET ASSETS

853,019

1,004,915

CAPITAL AND RESERVES

Called up share capital

35,019

35,016

Revaluation reserve

11

218,855

228,800

Capital redemption reserve

28,000

18,003

Other reserves

192,965

192,965

Retained earnings

378,180

530,131

SHAREHOLDERS' FUNDS

853,019

1,004,915

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 June 2025 and were signed on its behalf by:

Mr R Attwater - Director

1.	STATUTORY INFORMATION

Attwater & Sons 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 - going concern

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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on cost and 20% on cost

Computer equipment

-

20% on cost

Freehold property was previously included on a revaluation basis. The company has now taken advantage under FRS 102 32.10(d) to state this as the deemed cost.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at fair value.

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 Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2023 - 32 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2024

500,000

352,651

35,001

Additions

-

34,110

8,157

Disposals

-

(157,216

)

(5,136

)

At 31 December 2024

500,000

229,545

38,022

DEPRECIATION

At 1 January 2024

171,421

288,950

23,696

Charge for year

14,285

19,646

4,549

Eliminated on disposal

-

(157,216

)

(5,136

)

At 31 December 2024

185,706

151,380

23,109

NET BOOK VALUE

At 31 December 2024

314,294

78,165

14,913

At 31 December 2023

328,579

63,701

11,305

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

38,431

28,606

954,689

Additions

53,370

3,789

99,426

Disposals

-

-

(162,352

)

At 31 December 2024

91,801

32,395

891,763

DEPRECIATION

At 1 January 2024

17,934

13,568

515,569

Charge for year

15,692

4,824

58,996

Eliminated on disposal

-

-

(162,352

)

At 31 December 2024

33,626

18,392

412,213

NET BOOK VALUE

At 31 December 2024

58,175

14,003

479,550

At 31 December 2023

20,497

15,038

439,120

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2024

55,000

38,431

93,431

Additions

34,110

53,370

87,480

At 31 December 2024

89,110

91,801

180,911

DEPRECIATION

At 1 January 2024

1,375

17,934

19,309

Charge for year

9,851

15,692

25,543

At 31 December 2024

11,226

33,626

44,852

NET BOOK VALUE

At 31 December 2024

77,884

58,175

136,059

At 31 December 2023

53,625

20,497

74,122

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

1

NET BOOK VALUE

At 31 December 2024

1

At 31 December 2023

1

Fixed Asset investments relate to the investment in Noramite Ltd which a wholly owned subsidiary of the company.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

617,319

497,162

Other debtors

34,179

44,007

651,498

541,169

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

400,385

441,980

Hire purchase contracts (see note 9)

46,957

18,590

Trade creditors

328,927

236,617

Taxation and social security

110,259

137,796

Other creditors

580,387

463,266

1,466,915

1,298,249

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

22,500

67,500

Hire purchase contracts (see note 9)

71,627

49,125

Other creditors

-

10,000

94,127

126,625

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Preference shares

-

10,000

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

31.12.24

31.12.23

£

£

Net obligations repayable:

Within one year

46,957

18,590

Between one and five years

71,627

49,125

118,584

67,715

Non-cancellable

operating leases

31.12.24

31.12.23

£

£

Within one year

42,469

33,026

Between one and five years

125,001

93,855

In more than five years

13,417

36,417

180,887

163,298

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank overdrafts

355,385

396,980

Bank loans

67,500

112,500

Hire purchase contracts

118,584

67,715

541,469

577,195

The bank overdraft is secured by a first legal mortgage over Hopwood Street Mills and an unscheduled mortgage debenture incorporating a fixed and floating charge over all current and future assets of the company.

The UK Government have provided an 80% guarantee on the Coronavirus Business Interruption Loan Scheme (CBILS), borrowings obtained from HSBC UK Bank PLC.

The finance leases are secured over the assets to which they relate.

11.

RESERVES

Revaluation

reserve

£

At 1 January 2024

228,800

Amortisation of Revaluation Reserve

(9,945

)

At 31 December 2024

218,855