F.A. Atkinson Limited - Accounts to registrar - small 17.2
F.A. Atkinson Limited - Accounts to registrar - small 17.2
REGISTERED NUMBER: |
F.A. Atkinson Limited |
Financial Statements |
for the Year Ended 31 March 2017 |
F.A. Atkinson Limited (Registered number: 05523567) |
Contents of the Financial Statements |
for the year ended 31 March 2017 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
F.A. Atkinson Limited |
Company Information |
for the year ended 31 March 2017 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
33 George Street |
Wakefield |
West Yorkshire |
WF1 1LX |
F.A. Atkinson Limited (Registered number: 05523567) |
Statement of Financial Position |
31 March 2017 |
2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks | 5 |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET ASSETS |
F.A. Atkinson Limited (Registered number: 05523567) |
Statement of Financial Position - continued |
31 March 2017 |
2017 | 2016 |
Notes | £ | £ | £ | £ |
CAPITAL AND RESERVES |
Called up share capital | 10 |
Retained earnings | 11 | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
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. |
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 on |
F.A. Atkinson Limited (Registered number: 05523567) |
Notes to the Financial Statements |
for the year ended 31 March 2017 |
1. | STATUTORY INFORMATION |
F.A. Atkinson Limited is a |
registered number and registered office address can be found on the Company Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
This is the first year that the company has presented its results under FRS 102. The last financial statements |
prepared and submitted to Companies House under the previous UKGAAP were for the year ended 31 March |
2016. The date of transition to FRS 102 was 1 April 2015 and there were no adjustments arising as a result of the |
transition from the previous UKGAAP to FRS 102. |
Turnover |
Turnover represents net invoiced sale of services and letters of application submitted, excluding value added tax. |
Tangible fixed assets |
Short leasehold improvements | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
All fixed assets are initially recorded at cost. |
Stocks |
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance |
for obsolete and slow moving items. |
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in |
bringing stocks to their present location and condition. |
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. |
F.A. Atkinson Limited (Registered number: 05523567) |
Notes to the Financial Statements - continued |
for the year ended 31 March 2017 |
2. | ACCOUNTING POLICIES - continued |
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. |
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. |
Operating lease commitments |
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with |
the lessor are charged against profits on a straight line basis over the period of the lease. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Short | Fixtures |
leasehold | and | Motor | Computer |
improvements | fittings | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 April 2016 |
Additions |
At 31 March 2017 |
DEPRECIATION |
At 1 April 2016 |
Charge for year |
At 31 March 2017 |
NET BOOK VALUE |
At 31 March 2017 |
At 31 March 2016 |
F.A. Atkinson Limited (Registered number: 05523567) |
Notes to the Financial Statements - continued |
for the year ended 31 March 2017 |
5. | STOCKS |
2017 | 2016 |
£ | £ |
Stocks |
Work-in-progress |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
VAT |
Prepayments and accrued income |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Other loans (see note 9) |
Hire purchase contracts |
Trade creditors |
Social security and other taxes |
Other creditors |
Pension | 27,313 | 21,506 |
Accruals and deferred income |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2017 | 2016 |
£ | £ |
Other loans (see note 9) |
Hire purchase contracts |
9. | LOANS |
An analysis of the maturity of loans is given below: |
2017 | 2016 |
£ | £ |
Amounts falling due within one year or on demand: |
Shareholder loans |
F.A. Atkinson Limited (Registered number: 05523567) |
Notes to the Financial Statements - continued |
for the year ended 31 March 2017 |
9. | LOANS - continued |
2017 | 2016 |
£ | £ |
Amounts falling due between one and two years: |
Shareholder loans | 15,000 | 14,999 |
10. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2017 | 2016 |
value: | £ | £ |
Ordinary | £1 | 100,000 | 100,000 |
11. | RESERVES |
Retained |
earnings |
£ |
At 1 April 2016 | ( |
) |
Profit for the year |
At 31 March 2017 | ( |
) |
12. | RELATED PARTY DISCLOSURES |
During the year consultancy fees of £31,857 (2016: £30,945) were paid to FD105 Limited, a company controlled |
by a director (Mr P S J L Venable). |