Clive Atkins & Co Limited Company Accounts
Clive Atkins & Co Limited Company Accounts
COMPANY REGISTRATION NUMBER:
03111125
|
|
|
|
Financial Statements |
Year ended 30 November 2017
Contents |
Page |
Accountants report to the board of directors on the preparation of the unaudited statutory financial statements |
1 |
Statement of financial position |
2 |
Notes to the financial statements |
4 |
|
Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
|
Year ended 30 November 2017
21 Northampton Lane
SWANSEA
SA1 4EH
|
Statement of Financial Position |
2017 |
2016 |
||
Note |
£ |
£ |
£ |
Fixed assets
Intangible assets |
5 |
|
|
|
Tangible assets |
6 |
|
|
|
-------- |
-------- |
|||
|
|
|||
Current assets
Stocks |
|
|
||
Debtors |
7 |
|
|
|
Cash at bank and in hand |
|
|
||
--------- |
--------- |
|||
|
|
|||
Creditors: amounts falling due within one year |
8 |
|
|
|
--------- |
--------- |
|||
Net current liabilities |
|
|
||
-------- |
--------- |
|||
Total assets less current liabilities |
|
(
|
||
Creditors: amounts falling due after more than one year |
9 |
|
|
|
------- |
-------- |
|||
Net liabilities |
(
|
(
|
||
------- |
-------- |
|||
Capital and reserves
Called up share capital |
|
|
|
Profit and loss account |
(
|
(
|
|
------- |
-------- |
||
Shareholders deficit |
(
|
(
|
|
------- |
-------- |
||
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
|
Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
31 August 2018
, and are signed on behalf of the board by:
|
Director |
Company registration number:
03111125
|
Notes to the Financial Statements |
Year ended 30 November 2017
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is AVC House, 21 Northampton Lane, Swansea, SA1 4EH.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 December 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 11.
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & Machinery |
- |
|
|
Fixtures & Fittings |
- |
|
|
Office Equipment |
- |
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
17
(2016:
16
).
5.
Intangible assets
Goodwill |
|
£ |
|
Cost |
|
At 1 December 2016 and 30 November 2017 |
|
-------- |
|
Amortisation |
|
At 1 December 2016 and 30 November 2017 |
– |
-------- |
|
Carrying amount |
|
At 30 November 2017 |
|
-------- |
|
At 30 November 2016 |
|
-------- |
|
6.
Tangible assets
Plant and machinery |
Fixtures and fittings |
Equipment |
Total |
|
£ |
£ |
£ |
£ |
|
Cost |
||||
At 1 December 2016 |
|
|
|
|
Additions |
– |
– |
|
|
---- |
------- |
-------- |
-------- |
|
At 30 November 2017 |
|
|
|
|
---- |
------- |
-------- |
-------- |
|
Depreciation |
||||
At 1 December 2016 |
|
|
|
|
Charge for the year |
|
|
|
|
---- |
------- |
-------- |
-------- |
|
At 30 November 2017 |
|
|
|
|
---- |
------- |
-------- |
-------- |
|
Carrying amount |
||||
At 30 November 2017 |
|
|
|
|
---- |
------- |
-------- |
-------- |
|
At 30 November 2016 |
|
|
|
|
---- |
------- |
-------- |
-------- |
|
7.
Debtors
2017 |
2016 |
|
£ |
£ |
|
Trade debtors |
|
|
Other debtors |
|
|
--------- |
--------- |
|
|
|
|
--------- |
--------- |
|
8.
Creditors:
amounts falling due within one year
2017 |
2016 |
|
£ |
£ |
|
Bank loans and overdrafts |
|
|
Corporation tax |
|
|
Social security and other taxes |
|
|
Other creditors |
|
|
--------- |
--------- |
|
|
|
|
--------- |
--------- |
|
9.
Creditors:
amounts falling due after more than one year
2017 |
2016 |
|
£ |
£ |
|
Trade creditors |
|
|
------- |
------- |
|
10.
Related party transactions
Mr Clive Atkins is a director of both Clive Atkins and Company Limited and Atkins Business Support Ltd. Atkins Business Support Limited charged Clive Atkins and Company Limited for carrying out some unregulated work and at 30th November 2017 there was an amount owing to Atkins Business Support Limited of £
111,998
Mr David Atkins is a director of both Clive Atkins and Company Limited and We Are Digital Marketing Limited. We are Digital Marketing Limited charged Clive Atkins and Company Limited for maintenance of the company website. This amounted to £5,361 for the year ended 30th November 2017. This amount was fully paid at the year end. Rent was charged of £36,000 to the company for rental of business premises owned by Mr Clive Atkins and Mrs Rosemary Atkins.
11.
Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 December 2015.
No transitional adjustments were required in equity or profit or loss for the year.