Atkinson Builders Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04210740 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

FOR

ATKINSON BUILDERS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S M Atkinson

J Atkinson

SECRETARY:

J Atkinson

REGISTERED OFFICE:

11 Pioneer Avenue

Thornton Road Industrial Estate

Pickering

North Yorkshire

YO18 7JB

REGISTERED NUMBER:

04210740 (England and Wales)

ACCOUNTANTS:

Lloyd Dowson Limited

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

FIXED ASSETS

Tangible assets

4

493,839

516,799

Investments

5

10,000

-

503,839

516,799

CURRENT ASSETS

Stocks

51,689

25,100

Debtors

6

104,789

349,757

Cash at bank and in hand

425,030

235,360

581,508

610,217

CREDITORS

Amounts falling due within one year

7

170,221

226,864

NET CURRENT ASSETS

411,287

383,353

TOTAL ASSETS LESS CURRENT LIABILITIES

915,126

900,152

CREDITORS

Amounts falling due after more than one year

8

(40,000

)

(9,499

)

PROVISIONS FOR LIABILITIES

(55,401

)

(51,335

)

NET ASSETS

819,725

839,318

CAPITAL AND RESERVES

Called up share capital

10

2

2

Capital redemption reserve

4

4

Retained earnings

819,719

839,312

SHAREHOLDERS' FUNDS

819,725

839,318

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2021 and were signed on its behalf by:

........................................................................

S M Atkinson - Director

1.	STATUTORY INFORMATION

Atkinson Builders Ltd 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.

Turnover

Turnover represents net invoiced sales of goods and work done, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Property improvements

-

5% to 25% straight line

Containers

-

10% on reducing balance

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Government grants

Grants relating to revenue are recognised in profit and loss on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

Grants that are received in respect of expenses or losses already incurred by the entity are recognised in profit and loss in the period when the grant becomes receivable.

Capital-based grants are recognised in profit and loss on a systematic basis over the useful economic life of the asset.

Grants relating to an asset which are deferred are recognised as a deferred income liability and are not deducted from the carrying value of an asset.

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 Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2020 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2020

350,393

607,750

958,143

Additions

-

89,182

89,182

Disposals

-

(50,713

)

(50,713

)

At 31 March 2021

350,393

646,219

996,612

DEPRECIATION

At 1 April 2020

130,616

310,728

441,344

Charge for year

17,520

65,953

83,473

Eliminated on disposal

-

(22,044

)

(22,044

)

At 31 March 2021

148,136

354,637

502,773

NET BOOK VALUE

At 31 March 2021

202,257

291,582

493,839

At 31 March 2020

219,777

297,022

516,799

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

10,000

At 31 March 2021

10,000

NET BOOK VALUE

At 31 March 2021

10,000

6.

DEBTORS

31.3.21

31.3.20

£

£

Amounts falling due within one year:

Trade debtors

101,249

171,156

Other debtors

3,540

24,897

104,789

196,053

Amounts falling due after more than one year:

Other debtors

-

153,704

Aggregate amounts

104,789

349,757

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Bank loans and overdrafts

10,000

-

Hire purchase contracts

2,860

26,149

Trade creditors

105,795

126,521

Taxation and social security

38,450

64,125

Other creditors

13,116

10,069

170,221

226,864

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.21

31.3.20

£

£

Bank loans

40,000

-

Hire purchase contracts

-

9,499

40,000

9,499

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.21

31.3.20

£

£

Hire purchase contracts

2,860

35,648

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.21

31.3.20

value:

£

£

2

A Ordinary

£1

2

2