Company No: 03489253 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Intangible assets	3	175,860		248,876
Tangible assets	4	253,795		267,514
		429,655		516,390
Current assets
Stocks		5,958		11,195
Debtors
- due within one year	5	1,977,360		2,403,083
- due after more than one year	5	28,350		71,450
Cash at bank and in hand		193,561		689,900
		2,205,229		3,175,628
Creditors: amounts falling due within one year	6	( 1,471,151)		( 2,546,133)
Net current assets		734,078		629,495
Total assets less current liabilities		1,163,733		1,145,885
Provision for liabilities	7	( 367,188)		( 356,178)
Net assets		796,545		789,707
Capital and reserves
Called-up share capital	8	41,375		41,375
Share premium account		51,890		51,890
Capital redemption reserve		14,125		14,125
Profit and loss account		689,155		682,317
Total shareholder's funds		796,545		789,707

For the financial year ending 30 April 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Atkins Walters & Webster Limited (registered number: 03489253) were approved and authorised for issue by the Board of Directors on 03 September 2026. They were signed on its behalf by:

Katie Lynn Brown Director

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

Atkins Walters & Webster 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 Pivot + Mark, 48 - 52 Baldwin Street, Bristol, BS1 1QB, United Kingdom.

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 £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Change in accounting estimate

During the prior year, the company reviewed its estimate of the useful economic life of certain computer software, resulting in an acceleration of amortisation charges to reflect the life of the purchases.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

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 Statement of Financial Position 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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Computer software

1 - 3 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line/reducing balance basis over its expected useful life, as follows:

Leasehold improvements	depreciated over the life of the lease
Fixtures and fittings	15 % reducing balance
Computer equipment	4 years straight line

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.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the Company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

Where it is not possible to estimate the recoverable amount of an individual asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

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.

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 Statement of Financial Position 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.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	92		78

3. Intangible assets

	Computer software		Total
	£		£
Cost
At 01 May 2025	605,766		605,766
Additions	33,834		33,834
Disposals	( 303,823)		( 303,823)
At 30 April 2026	335,777		335,777
Accumulated amortisation
At 01 May 2025	356,890		356,890
Charge for the financial year	106,850		106,850
Disposals	( 303,823)		( 303,823)
At 30 April 2026	159,917		159,917
Net book value
At 30 April 2026	175,860		175,860
At 30 April 2025	248,876		248,876

4. Tangible assets

	Leasehold improve- ments		Fixtures and fittings		Computer equipment		Total
	£		£		£		£
Cost
At 01 May 2025	480,853		181,400		474,162		1,136,415
Additions	4,204		14,160		80,195		98,559
Disposals	( 313,153)		( 51,837)		0		( 364,990)
At 30 April 2026	171,904		143,723		554,357		869,984
Accumulated depreciation
At 01 May 2025	399,366		133,503		336,032		868,901
Charge for the financial year	24,752		8,140		64,848		97,740
Disposals	( 303,045)		( 47,407)		0		( 350,452)
At 30 April 2026	121,073		94,236		400,880		616,189
Net book value
At 30 April 2026	50,831		49,487		153,477		253,795
At 30 April 2025	81,487		47,897		138,130		267,514

5. Debtors

	2026		2025
	£		£
Debtors: amounts falling due within one year
Trade debtors	1,369,517		1,892,071
Amounts recoverable on contracts	229,687		109,321
Prepayments and accrued income	364,394		396,881
Other debtors	13,762		4,810
	1,977,360		2,403,083
Debtors: amounts falling due after more than one year
Other debtors	28,350		71,450

6. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	145,438		307,708
Other loans	47,202		433,918
Accruals	116,573		180,547
Taxation and social security	342,643		674,639
Payments received on account	484,299		535,658
Obligations under finance leases and hire purchase contracts (secured)	0		4,597
Other creditors	334,996		409,066
	1,471,151		2,546,133

Obligations under finance leases and hire purchase contracts are secured against the assets to which they relate.

7. Provision for liabilities

	Deferred taxation		Other		Total
	£		£		£
At 01 May 2025	72,330		283,848		356,178
Charged/(credited) to the Profit and Loss Account	( 12,879)		23,889		11,010
At 30 April 2026	59,451		307,737		367,188

The other provisions is made up of a WIP provision and a property provision.

WIP provision: amounts relating to onerous architectural contracts, as well as contractual costs not yet performed, and are expected to reverse in the next twelve months.

Property provision: for all reasonable property liabilities, relates to loss making contractual commitments of the company across all its properties. In accordance with section 21.17 of FRS 102, further disclosure has not been made as the directors consider this would be prejudicial to the company.

Deferred tax

	2026		2025
	£		£
Accelerated capital allowances	72,330		116,567
Other timing differences	( 12,879)		( 44,237)
Provision for deferred tax	59,451		72,330

8. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
41,375 Ordinary shares of £ 1.00 each	41,375		41,375

9. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2026		2025
	£		£
Within one year	390,198		397,819
Between one and five years	528,049		839,663
	918,247		1,237,482

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

	2026		2025
	£		£
Unpaid contributions due to the fund (inc. in other creditors)	( 8,056)		1,948

10. Related party transactions

Transactions with the entity's directors

A gift of £622,021 (2025: £782,146) was made to the employee ownership trust during the year (directors and employees), out of retained earnings.