Arthur Brear & Son Limited,Ltd - AccountsLtd - Accounts

Arthur Brear & Son Limited,Ltd - AccountsLtd - Accounts


2020-07-01 00808051 2021-06-30 00808051 2020-07-01 2021-06-30 00808051 2020-06-30 00808051 2019-07-01 2020-06-30 00808051 uk-core:WithinOneYear 2020-06-30 00808051 uk-core:WithinOneYear 2021-06-30 00808051 uk-core:AfterOneYear 2020-06-30 00808051 uk-core:AfterOneYear 2021-06-30 00808051 uk-core:ShareCapital 2021-06-30 00808051 uk-core:ShareCapital 2020-06-30 00808051 uk-core:RetainedEarningsAccumulatedLosses 2021-06-30 00808051 uk-core:RetainedEarningsAccumulatedLosses 2020-06-30 00808051 uk-bus:Director1 2020-07-01 2021-06-30 00808051 uk-core:PlantMachinery 2020-07-01 2021-06-30 00808051 uk-core:CommercialMotorVehicles 2020-07-01 2021-06-30 00808051 uk-core:CommercialMotorVehicles 2020-06-30 00808051 uk-core:PlantMachinery 2020-06-30 00808051 uk-core:PlantMachinery 2021-06-30 00808051 uk-core:CommercialMotorVehicles 2021-06-30 00808051 uk-core:AfterOneYear uk-core:Secured 2021-06-30 00808051 uk-core:AfterOneYear uk-core:Secured 2020-06-30 iso4217:GBP xbrli:pure 00808051 uk-bus:AuditExemptWithAccountantsReport 2020-07-01 2021-06-30 00808051 uk-bus:FRS102 2020-07-01 2021-06-30 00808051 uk-bus:FullAccounts 2020-07-01 2021-06-30 00808051 uk-bus:PrivateLimitedCompanyLtd 2020-07-01 2021-06-30
Draft
Arthur Brear & Son Limited
Registered Number:00808051
For the year ended 30 June 2021
England and Wales
Unaudited Financial Statements
2
Draft
For the year ended 30 June 2021
Arthur Brear & Son Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Draft
Registered Number :
00808051
As at 30 June 2021
Arthur Brear & Son Limited
Statement of Financial Position
£
£
2020
2021
Notes
Fixed assets
Property, plant and equipment
383
468
2
383
468
Current assets
Inventories
12,500
500
3
Trade and other receivables
8,595
29,885
4
29,824
Cash and cash equivalents
34,480
64,865
50,919
Trade and other payables: amounts falling due within one
year
(4,481)
(13,644)
5
46,438
51,221
Net current assets
Total assets less current liabilities
51,604
46,906
Trade and other payables: amounts falling due after more
than one year
(26,000)
(26,000)
6
25,604
Net assets
20,906
Capital and reserves
Called up share capital
2,000
2,000
Retained earnings
23,604
18,906
25,604
20,906
Shareholders' funds
For the year ended 30 June 2021 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2021 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
D Brear Director
These financial statements were approved and authorised for issue by the Board on 29 June 2022 and were signed by:
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4
Draft
Registered Number :
00808051
For the year ended 30 June 2021
Arthur Brear & Son Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
Draft
For the year ended 30 June 2021
Arthur Brear & Son Limited
Notes to the Financial Statements
Statutory Information
Arthur Brear & Son Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 00808051.
Registered address:
55 Bingley Road
Shipley
Bradford
BD18 4SB
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
15% Reducing balance
20% Reducing balance
Motor Vehicles
Government grants
Government grants received are credited to the statement of Profit & Loss. All amounts received related the Coronavirus Job Retention Scheme.
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
2. Property, plant and equipment
Total
Motor
Vehicles
Plant and
Machinery
£
£
£
Cost or
valuation
At 01 July 2020
12,168
7,235
4,933
At 30 June 2021
4,933
7,235
12,168
Provision for depreciation and impairment
At 01 July 2020
11,700
6,939
4,761
Charge for year
85
59
26
At 30 June 2021
11,785
6,998
4,787
At 30 June 2021
Net book value
146
237
383
At 30 June 2020
172
296
468
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6
Draft
For the year ended 30 June 2021
Arthur Brear & Son Limited
Notes to the Financial Statements Continued
3. Inventories
2020
2021
£
£
Stocks
500
12,500
4. Trade and other receivables
2020
2021
£
£
Trade debtors
14,375
7,066
Other debtors
15,510
1,529
8,595
29,885
5. Trade and other payables: amounts falling due within one year
2020
2021
£
£
Trade creditors
7,196
622
Taxation and social security
5,509
3,691
Other creditors
939
168
13,644
4,481
6. Trade and other payables: amounts falling due after more than one year
2020
2021
£
£
Bank loans and overdraft
26,000
26,000
7. Average number of persons employed
During the year the average number of employees was 3 (2020 : 3)
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