Registered number |
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Registered number: |
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Balance Sheet | |||||||
as at |
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Notes | 2022 | 2021 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Tangible assets | 4 |
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Investments | 5 |
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Current assets | |||||||
Stocks |
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Debtors | 6 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year | 7 | ( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year | 8 | ( |
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Provisions for liabilities | ( |
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Net assets |
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Capital and reserves | |||||||
Called up share capital |
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Share premium |
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Other reserves | 206 | 206 | |||||
Profit and loss account |
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Shareholders' funds |
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D W Briscoe | |||||||
Director | |||||||
Approved by the board on |
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Notes to the Accounts | ||||||||
for the year ended |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
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Exemption from preparing consolidated financial statements | ||||||||
These financial statements present information about the company as an individual undertaking and not about its group. The company is exempt from the requirement to prepare group accounts as the group is small. | ||||||||
Turnover | ||||||||
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Intangible fixed assets | ||||||||
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Tangible fixed assets | ||||||||
Depreciation is calculated to write down the cost of fixed assets over their expected useful lives. The rates used are as follows:- |
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Land and buildings | - 2% on cost | |||||||
Plant, machinery, fixtures and fittings | - 15% reducing balance | |||||||
Motor vehicles and computer equipment | - 25% reducing balance | |||||||
Investments | ||||||||
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Stocks | ||||||||
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Debtors and creditors receivable/payable within one year | ||||||||
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Loans and borrowings | ||||||||
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. | ||||||||
Taxation | ||||||||
Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits total comprehensive income as stated in the financial statements that arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. |
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Leased assets | ||||||||
Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease. |
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Employee benefits | ||||||||
The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable. |
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2 | Employees | 2022 | 2021 | |||||
Number | Number | |||||||
Average number of persons employed by the company |
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3 | Intangible fixed assets | £ | ||||||
Goodwill: | ||||||||
Cost | ||||||||
At 1 April 2021 |
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At 31 March 2022 |
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Amortisation | ||||||||
At 1 April 2021 |
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At 31 March 2022 |
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Net book value | ||||||||
At 31 March 2022 | - | |||||||
4 | Tangible fixed assets | |||||||
Land and buildings | Plant and machinery etc | Total | ||||||
£ | £ | £ | ||||||
Cost | ||||||||
At 1 April 2021 |
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Additions | - |
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At 31 March 2022 |
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Depreciation | ||||||||
At 1 April 2021 |
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Charge for the year |
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At 31 March 2022 |
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Net book value | ||||||||
At 31 March 2022 |
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At 31 March 2021 |
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5 | Investments | |||||||
Investments in | ||||||||
subsidiary | ||||||||
undertakings | ||||||||
£ | ||||||||
Cost | ||||||||
At 1 April 2021 |
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Revaluation | ( |
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At 31 March 2022 |
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Historical cost | ||||||||
At 1 April 2021 | 483,229 | |||||||
At 31 March 2022 | 483,229 | |||||||
The investment is 100% of the issued share capital of Starweld Engineering Limited, being 9,200 ordinary shares of £1. The nature of this company's business is the provision of welding, engineering and fabrication services. The carrying amount is the capital and reserves of the company and the cost of purchased goodwill. The following information is taken from its financial statements for the year ended 31st March 2022:- Aggregate capital and reserves - £158,480 (2021 - £212,448) Loss for the financial year - £(53,968) (2021 - £(17,370)) |
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6 | Debtors | 2022 | 2021 | |||||
£ | £ | |||||||
Trade debtors |
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Amounts recoverable on contracts | 27,101 | 18,883 | ||||||
Director's loan | 1,471 | 1,471 | ||||||
Other debtors |
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7 | Creditors: amounts falling due within one year | 2022 | 2021 | |||||
£ | £ | |||||||
Bank loans and overdrafts |
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Obligations under finance lease and hire purchase contracts |
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Trade creditors |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Taxation and social security costs |
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Participator's loans | 37,780 | 43,960 | ||||||
Other creditors |
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8 | Creditors: amounts falling due after one year | 2022 | 2021 | |||||
£ | £ | |||||||
Bank loans |
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Obligations under finance lease and hire purchase contracts |
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9 | Secured liabilities | 2022 | 2021 | |||||
£ | £ | |||||||
Creditors include: | ||||||||
Aggregate amount of secured liabilities | 19,766 | 27,945 | ||||||
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10 | Transactions with directors | |||||||
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11 | Other information | |||||||
HEAPS, ARNOLD & HEAPS LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |