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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31st October 2017 |
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for |
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ALAN ARKLE AND SON LTD |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31st October 2017 |
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for |
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ALAN ARKLE AND SON LTD |
ALAN ARKLE AND SON LTD (REGISTERED NUMBER: 09843371) |
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Contents of the Financial Statements |
for the Year Ended 31st October 2017 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Report of the Accountants | 7 |
ALAN ARKLE AND SON LTD |
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Company Information |
for the Year Ended 31st October 2017 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Hotspur House |
15 East Percy Street |
North Shields |
Tyne and Wear |
NE30 1DT |
ALAN ARKLE AND SON LTD (REGISTERED NUMBER: 09843371) |
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Balance Sheet |
31st October 2017 |
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31/10/17 | 31/10/16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
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CURRENT ASSETS |
Stocks | 4 |
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Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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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 |
7 |
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PROVISIONS FOR LIABILITIES | 8 | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 9 |
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Retained earnings | 10 |
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SHAREHOLDERS' FUNDS |
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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. |
ALAN ARKLE AND SON LTD (REGISTERED NUMBER: 09843371) |
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Balance Sheet - continued |
31st October 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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ALAN ARKLE AND SON LTD (REGISTERED NUMBER: 09843371) |
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Notes to the Financial Statements |
for the Year Ended 31st October 2017 |
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1. | STATUTORY INFORMATION |
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Alan Arkle and Son Ltd is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Tangible fixed assets |
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Plant & office equipment | - |
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Motor vehicles | - |
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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. |
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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. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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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. |
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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. |
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Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those |
held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance |
leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
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The interest element of these obligations is charged to profit or loss over the relevant period. The capital element |
of the future payments is treated as a liability. |
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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. |
ALAN ARKLE AND SON LTD (REGISTERED NUMBER: 09843371) |
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Notes to the Financial Statements - continued |
for the Year Ended 31st October 2017 |
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3. | TANGIBLE FIXED ASSETS |
Plant & |
office | Motor |
equipment | vehicles | Totals |
£ | £ | £ |
COST |
At 1st November 2016 |
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Additions |
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Disposals |
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At 31st October 2017 |
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DEPRECIATION |
At 1st November 2016 |
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Charge for year |
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Eliminated on disposal |
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At 31st October 2017 |
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NET BOOK VALUE |
At 31st October 2017 |
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At 31st October 2016 |
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Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Motor |
vehicles |
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COST |
At 1st November 2016 |
and 31st October 2017 |
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DEPRECIATION |
At 1st November 2016 |
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Charge for year |
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At 31st October 2017 |
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NET BOOK VALUE |
At 31st October 2017 |
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At 31st October 2016 |
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4. | STOCKS |
31/10/17 | 31/10/16 |
£ | £ |
Stocks |
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Work-in-progress |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/10/17 | 31/10/16 |
£ | £ |
Trade debtors |
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ALAN ARKLE AND SON LTD (REGISTERED NUMBER: 09843371) |
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Notes to the Financial Statements - continued |
for the Year Ended 31st October 2017 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/10/17 | 31/10/16 |
£ | £ |
Hire purchase contracts |
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Trade creditors |
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Corporation tax |
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Social security and other taxes |
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VAT |
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Directors' current accounts |
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Accrued expenses |
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7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31/10/17 | 31/10/16 |
£ | £ |
Hire purchase contracts |
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8. | PROVISIONS FOR LIABILITIES |
31/10/17 | 31/10/16 |
£ | £ |
Deferred tax |
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Deferred |
tax |
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Balance at 1st November 2016 |
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Charge to Income Statement during year |
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Balance at 31st October 2017 |
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9. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31/10/17 | 31/10/16 |
value: | £ | £ |
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Ordinary | £1 |
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100 |
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10. | RESERVES |
Retained |
earnings |
£ |
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At 1st November 2016 |
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Profit for the year |
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Dividends | ( |
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At 31st October 2017 |
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11. | RELATED PARTY DISCLOSURES |
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During the year, total dividends of £71,134 were paid to the directors . |
ALAN ARKLE AND SON LTD |
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Report of the Accountants to the Directors of |
Alan Arkle and Son Ltd |
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The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file |
a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the |
Report of the Directors are not required to be filed with the Registrar of Companies. |
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As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st October 2017 set out on pages nil to nil and you consider that the company is exempt from an audit. |
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In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
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Hotspur House |
15 East Percy Street |
North Shields |
Tyne and Wear |
NE30 1DT |
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