REGISTERED NUMBER: 03483837 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

G P ATKIN CONSTRUCTION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G P Atkin

Mr F J J Atkin

Mr H C G Atkin

SECRETARY:

Mrs L S E Atkin

REGISTERED OFFICE:

Moor Grange

Beverley Road

Beeford

Driffield

East Yorkshire

YO25 8AE

REGISTERED NUMBER:

03483837 (England and Wales)

ACCOUNTANTS:

Sowerby

Chartered Accountants

Beckside Court

Annie Reed Road

Beverley

East Yorkshire

HU17 0LF

FIXED ASSETS

Tangible assets

4

261,648

290,424

CURRENT ASSETS

Stocks

2,353,203

1,290,000

Debtors

5

685,702

884,700

Cash at bank and in hand

1,335,696

2,471,971

4,374,601

4,646,671

CREDITORS

Amounts falling due within one year

6

454,526

1,022,158

NET CURRENT ASSETS

3,920,075

3,624,513

TOTAL ASSETS LESS CURRENT LIABILITIES

4,181,723

3,914,937

PROVISIONS FOR LIABILITIES

65,412

73,636

NET ASSETS

4,116,311

3,841,301

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

4,115,311

3,840,301

SHAREHOLDERS' FUNDS

4,116,311

3,841,301

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 29 September 2025 and were signed on its behalf by:

Mr G P Atkin - Director

1.	STATUTORY INFORMATION

G P Atkin Construction 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The principal activity is that of building contractors.

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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

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.

Plant and machinery etc

-

25% on a reducing balance basis, 10% to 15% on cost and 10% to 20% on cost

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Stock is calculated on the first in first out basis.

In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture/completion.

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

509,919

Additions

37,750

Disposals

(25,450

)

At 31 December 2024

522,219

DEPRECIATION

At 1 January 2024

219,495

Charge for year

56,043

Eliminated on disposal

(14,967

)

At 31 December 2024

260,571

NET BOOK VALUE

At 31 December 2024

261,648

At 31 December 2023

290,424

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

672,791

860,936

Other debtors

12,911

23,764

685,702

884,700

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

103,848

542,371

Taxation and social security

128,262

271,403

Other creditors

222,416

208,384

454,526

1,022,158

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is a loan due to G P Atkin of £181,960 (2023 £163,584). This loan is interest free and repayable on demand.

8.	RELATED PARTY DISCLOSURES

Included in trade debtors is an amount due from G P Atkin Homes Limited, a company under common control, of £492,754 (2023 £581,704) and an amount due from G P Atkin & Son, a partnership under common control, of £25,000 (2023 £nil).

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr G P Atkin.