TCB-Arrow Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02149877 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

TCB-ARROW LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L A Rolfe

M Humphries

S Cooper

Mrs K Dunlop

SECRETARY:

Mrs K Dunlop

REGISTERED OFFICE:

Watchmoor House

Watchmoor Road

Camberley

Surrey

GU15 3AQ

REGISTERED NUMBER:

02149877 (England and Wales)

ACCOUNTANTS:

Saunders Wood & Co.

Chartered Accountants

140A Tachbrook Street

London SW1V 2NE

FIXED ASSETS

Tangible assets

4

480,349

370,348

CURRENT ASSETS

Stocks

373,736

383,163

Debtors

5

484,395

470,125

Cash at bank

524,486

378,904

1,382,617

1,232,192

CREDITORS

Amounts falling due within one year

6

799,807

520,438

NET CURRENT ASSETS

582,810

711,754

TOTAL ASSETS LESS CURRENT LIABILITIES

1,063,159

1,082,102

CREDITORS

Amounts falling due after more than one year

7

51,533

103,589

NET ASSETS

1,011,626

978,513

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

9

17,750

17,750

Retained earnings

993,776

960,663

SHAREHOLDERS' FUNDS

1,011,626

978,513

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 30 April 2019 and were signed on its behalf by:

M Humphries - Director

1.	STATUTORY INFORMATION

TCB-Arrow Limited 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Short leasehold

-

in accordance with the property lease

Improvements to property

-

25% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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 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 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2017 - 28 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Short

to

Plant and

leasehold

property

machinery

£

£

£

COST

At 1 January 2018

100,000

99,492

2,022,197

Additions

-

-

270,867

Disposals

-

-

(30,484

)

At 31 December 2018

100,000

99,492

2,262,580

DEPRECIATION

At 1 January 2018

70,000

74,317

1,737,497

Charge for year

7,500

6,294

137,737

Eliminated on disposal

-

-

(28,767

)

At 31 December 2018

77,500

80,611

1,846,467

NET BOOK VALUE

At 31 December 2018

22,500

18,881

416,113

At 31 December 2017

30,000

25,175

284,700

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 January 2018

59,712

31,284

2,312,685

Additions

-

-

270,867

Disposals

-

-

(30,484

)

At 31 December 2018

59,712

31,284

2,553,068

DEPRECIATION

At 1 January 2018

49,046

11,477

1,942,337

Charge for year

2,666

4,952

159,149

Eliminated on disposal

-

-

(28,767

)

At 31 December 2018

51,712

16,429

2,072,719

NET BOOK VALUE

At 31 December 2018

8,000

14,855

480,349

At 31 December 2017

10,666

19,807

370,348

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade debtors

454,831

309,483

Loans to Associated Companies

21,983

58,981

Taxation

-

91,900

Prepayments

7,581

9,761

484,395

470,125

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Bank loans and overdrafts

355,562

200,394

Hire purchase contracts

52,057

53,591

Trade creditors

308,473

171,281

Tax

-

38

Social security and other taxes

28,794

25,003

VAT

41,118

47,641

Accruals and Other Creditors

13,803

22,490

799,807

520,438

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.18

31.12.17

£

£

Hire purchase contracts

51,533

103,589

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.18

31.12.17

£

£

Bank overdrafts

355,562

200,394

Hire purchase contracts

103,590

157,180

459,152

357,574

HSBC Invoice Finance (UK) Limited has a fixed and floating charge dated 13/12/2013.

HSBC Equipment Finance (UK) Limited and HSBC Asset Finance (UK) Limited has a fixed charge dated

14/11/2014.

9.

RESERVES

Revaluation

reserve

£

At 1 January 2018

and 31 December 2018

17,750

10.	RELATED PARTY DISCLOSURES

The rent and rates charge in the profit and loss account in the sum of £206,425 includes rent paid in the sum of

£96,240 to Lukir Properties Limited, company registration number 06520593.

Lukir Properties Limited owns 51% of the 100 issued shares in the company.