Arrow 1066 Financial Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06626213 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2019

FOR

ARROW 1066 FINANCIAL SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

5

DIRECTORS:

A Rowe

C Rowe

SECRETARY:

C Rowe

REGISTERED OFFICE:

28 Wilton Road

Bexhill on Sea

East Sussex

TN40 1EZ

REGISTERED NUMBER:

06626213 (England and Wales)

ACCOUNTANTS:

Ashdown Hurrey

Chartered Accountants & Business Advisers

28 Wilton Road

Bexhill on Sea

East Sussex

TN40 1EZ

FIXED ASSETS

Tangible assets

4

9,051

3,700

CURRENT ASSETS

Debtors

5

23,151

23,219

Cash at bank

1,566

567

24,717

23,786

CREDITORS

Amounts falling due within one year

6

31,157

34,183

NET CURRENT LIABILITIES

(6,440

)

(10,397

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,611

(6,697

)

PROVISIONS FOR LIABILITIES

1,720

703

NET ASSETS/(LIABILITIES)

891

(7,400

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

791

(7,500

)

SHAREHOLDERS' FUNDS

891

(7,400

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2019 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 7 February 2020 and were signed on its behalf by:

A Rowe - Director

1.	STATUTORY INFORMATION

Arrow 1066 Financial Services 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

The directors have made an assessment about the company's ability to continue as a going concern and they do

not consider there to be any material uncertainties. As a result they have adopted the going concern basis of

accounting.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax. Turnover is recognised when the

right to consideration becomes due.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and

Retained Earnings, 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 4 (2018 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 December 2018

2,416

5,739

8,155

Additions

2,201

5,126

7,327

At 30 November 2019

4,617

10,865

15,482

DEPRECIATION

At 1 December 2018

1,406

3,049

4,455

Charge for year

803

1,173

1,976

At 30 November 2019

2,209

4,222

6,431

NET BOOK VALUE

At 30 November 2019

2,408

6,643

9,051

At 30 November 2018

1,010

2,690

3,700

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.19

30.11.18

£

£

Directors' current accounts

17,456

17,524

Tax

5,695

5,695

23,151

23,219

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.19

30.11.18

£

£

Bank loans and overdrafts

9,898

6,476

Tax

19,200

25,261

Social security and other taxes

160

166

Accrued expenses

1,899

2,280

31,157

34,183

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2019 and

30 November 2018:

30.11.19

30.11.18

£

£

**UNKNOWN DIRECTOR 1**

Balance outstanding at start of year

17,524

(3,351

)

Amounts advanced

29,653

31,398

Amounts repaid

(29,721

)

(10,523

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

17,456

17,524

8.	RELATED PARTY DISCLOSURES

As at the balance sheet date, the director, Mr A Rowe, owed the company £17,456 (2018: 17,524). There are no

terms attached to this loan and it is repayable on demand.

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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Arrow 1066 Financial Services Limited for the year ended 30 November 2019 which comprise the

Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting

records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Arrow 1066 Financial Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Arrow 1066 Financial Services Limited and state those matters that we have agreed to state to the Board of Directors of Arrow 1066 Financial Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Arrow 1066 Financial Services Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Arrow 1066 Financial Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Arrow 1066 Financial Services Limited. You consider that Arrow 1066 Financial Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Arrow 1066 Financial Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ashdown Hurrey

Chartered Accountants & Business Advisers

28 Wilton Road

Bexhill on Sea

East Sussex

TN40 1EZ

7 February 2020