Arlen Contract Flooring Limited Filleted accounts for Companies House (small and micro)
Arlen Contract Flooring Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
11599956
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Financial Statements |
Period from 2 October 2018 to 31 December 2019
Contents |
Page |
Statement of financial position |
1 |
Notes to the financial statements |
3 |
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Statement of Financial Position |
31 Dec 19 |
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Note |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Debtors |
6 |
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Cash at bank and in hand |
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-------- |
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Creditors: amounts falling due within one year |
7 |
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Net current liabilities |
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------- |
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Total assets less current liabilities |
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Provisions |
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------- |
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Net assets |
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------- |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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------- |
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Shareholders funds |
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------- |
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In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
5 June 2020
, and are signed on behalf of the board by:
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Director |
Company registration number:
11599956
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Notes to the Financial Statements |
Period from 2 October 2018 to 31 December 2019
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is 13 Dukes Close, Thurmaston, Leicester, LE4 8EY.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
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 and machinery |
- |
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Office Equipment |
- |
25% reducing balance |
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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.
Construction contracts
Provisions
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
3
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5.
Tangible assets
Plant and machinery |
Office equipment |
Total |
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£ |
£ |
£ |
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Cost |
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At 2 October 2018 |
– |
– |
– |
Additions |
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1,339 |
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------- |
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At 31 December 2019 |
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1,339 |
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------- |
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Depreciation |
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At 2 October 2018 |
– |
– |
– |
Charge for the period |
|
335 |
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------- |
------- |
------- |
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At 31 December 2019 |
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335 |
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------- |
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Carrying amount |
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At 31 December 2019 |
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1,004 |
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6.
Debtors
31 Dec 19 |
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£ |
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Other debtors |
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------- |
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7.
Creditors:
amounts falling due within one year
31 Dec 19 |
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£ |
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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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Other creditors |
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8.
Related party transactions
Included in other creditors at the year end is £82,000 owed by the company to another company which one of the directors has an interest in.