John Arkwright & Company Limited - Accounts to registrar (filleted) - small 18.2
John Arkwright & Company Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| JOHN ARKWRIGHT & COMPANY LIMITED |
| Unaudited Financial Statements |
| for the Year Ended 31 August 2021 |
| JOHN ARKWRIGHT & COMPANY LIMITED (REGISTERED NUMBER: 02634481) |
| Contents of the Financial Statements |
| for the year ended 31 August 2021 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| JOHN ARKWRIGHT & COMPANY LIMITED |
| Company Information |
| for the year ended 31 August 2021 |
| Directors: |
| Secretary: |
| Registered office: |
| Business address: |
| Registered number: |
| Accountants: |
| Chartered Accountants |
| 250 Fowler Avenue |
| Farnborough |
| Hampshire |
| GU14 7JP |
| JOHN ARKWRIGHT & COMPANY LIMITED (REGISTERED NUMBER: 02634481) |
| Balance Sheet |
| 31 August 2021 |
| 2021 | 2020 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Investments | 6 |
| Current assets |
| Debtors | 7 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 8 |
| Net current assets |
| Total assets less current liabilities |
| Provisions for liabilities |
| Net assets |
| Capital and reserves |
| Called up share capital | 10 |
| Retained earnings |
| Shareholders' funds |
| 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. |
| 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 and authorised for issue on |
| JOHN ARKWRIGHT & COMPANY LIMITED (REGISTERED NUMBER: 02634481) |
| Notes to the Financial Statements |
| for the year ended 31 August 2021 |
| 1. | Statutory information |
| John Arkwright & Company Limited is a |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents amounts receivable for services net of VAT. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. |
| Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows: |
| Fixture, fittings & equipment | 33% straight line |
| The gain or loss arsing on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss. |
| Investments in subsidiaries |
| Fixed asset investments are stated at cost less provision for diminution in value. |
| Financial instruments |
| The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. |
| Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. |
| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
| Basic financial assets |
| Basic financial assets, which include debtors and bank balances, are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised. |
| Basic financial liabilities |
| Basic financial liabilities, including creditors and loans from fellow group companies, are recognised at transaction price. Financial liabilities classified as payable within one year are not amortised. |
| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised at transaction price. |
| JOHN ARKWRIGHT & COMPANY LIMITED (REGISTERED NUMBER: 02634481) |
| Notes to the Financial Statements - continued |
| for the year ended 31 August 2021 |
| 2. | Accounting policies - continued |
| 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. |
| Going concern |
| At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. This view has given due consideration to the impact of Covid-19 on the business, and is to the best knowledge of the directors based on the current circumstances. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. |
| Cash at bank and in hand |
| Cash at bank is a basic financial asset which includes deposits held at call with banks. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| 4. | Intangible fixed assets |
| Other |
| intangible |
| assets |
| £ |
| Cost |
| Additions |
| At 31 August 2021 |
| Net book value |
| At 31 August 2021 |
| 5. | Tangible fixed assets |
| Plant and |
| machinery |
| etc |
| £ |
| Cost |
| At 1 September 2020 |
| Additions |
| Reclassification/transfer | ( |
) |
| At 31 August 2021 |
| Depreciation |
| At 1 September 2020 |
| Charge for year |
| At 31 August 2021 |
| Net book value |
| At 31 August 2021 |
| At 31 August 2020 |
| JOHN ARKWRIGHT & COMPANY LIMITED (REGISTERED NUMBER: 02634481) |
| Notes to the Financial Statements - continued |
| for the year ended 31 August 2021 |
| 6. | Fixed asset investments |
| Shares in |
| group |
| undertakings |
| £ |
| Cost |
| At 1 September 2020 |
| and 31 August 2021 |
| Net book value |
| At 31 August 2021 |
| At 31 August 2020 |
| 7. | Debtors |
| 2021 | 2020 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Other debtors |
| Amounts falling due after more than one year: |
| Amounts owed by group undertakings |
| Aggregate amounts |
| 8. | Creditors: amounts falling due within one year |
| 2021 | 2020 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 9. | Leasing agreements |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2021 | 2020 |
| £ | £ |
| Within one year |
| 10. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2021 | 2020 |
| value: | £ | £ |
| Ordinary shares | 1 | 40,000 | 40,000 |
| JOHN ARKWRIGHT & COMPANY LIMITED (REGISTERED NUMBER: 02634481) |
| Notes to the Financial Statements - continued |
| for the year ended 31 August 2021 |
| 11. | Directors' advances, credits and guarantees |
| Included in other debtors at the year end is £32,810 (2020: £32,880) due from our directors and £65,907 (2020: £119,527) due from the subsidiary company. |