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 2021

FOR

TCB-ARROW LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

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

384,630

317,929

CURRENT ASSETS

Stocks

450,186

495,465

Debtors

5

471,988

343,348

Cash at bank

1,634,923

1,097,479

2,557,097

1,936,292

CREDITORS

Amounts falling due within one year

6

532,092

465,704

NET CURRENT ASSETS

2,025,005

1,470,588

TOTAL ASSETS LESS CURRENT LIABILITIES

2,409,635

1,788,517

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

7

17,750

17,750

Retained earnings

2,391,785

1,770,667

SHAREHOLDERS' FUNDS

2,409,635

1,788,517

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2022 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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 46 (2020 - 34 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Short

to

Plant and

leasehold

property

machinery

£

£

£

COST

At 1 January 2021

100,000

99,492

2,336,124

Additions

-

19,577

183,363

Disposals

-

-

-

At 31 December 2021

100,000

119,069

2,519,487

DEPRECIATION

At 1 January 2021

100,000

90,381

2,045,154

Charge for year

-

9,246

134,962

Eliminated on disposal

-

-

-

At 31 December 2021

100,000

99,627

2,180,116

NET BOOK VALUE

At 31 December 2021

-

19,442

339,371

At 31 December 2020

-

9,111

290,970

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 January 2021

66,017

31,284

2,632,917

Additions

-

17,495

220,435

Disposals

-

(9,254

)

(9,254

)

At 31 December 2021

66,017

39,525

2,844,098

DEPRECIATION

At 1 January 2021

56,525

22,928

2,314,988

Charge for year

2,373

6,232

152,813

Eliminated on disposal

-

(8,333

)

(8,333

)

At 31 December 2021

58,898

20,827

2,459,468

NET BOOK VALUE

At 31 December 2021

7,119

18,698

384,630

At 31 December 2020

9,492

8,356

317,929

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Trade debtors

464,374

342,248

Prepayments

7,614

1,100

471,988

343,348

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Bank loans and overdrafts

-

1,153

Hire purchase contracts

-

17,100

Trade creditors

343,676

268,351

Tax

13,663

-

Social security and other taxes

50,432

44,217

VAT

68,218

41,171

Accruals and Other Creditors

56,103

93,712

532,092

465,704

7.

RESERVES

Revaluation

reserve

£

At 1 January 2021

and 31 December 2021

17,750

8.	RELATED PARTY DISCLOSURES

The rent and rates charge in the profit and loss account in the sum of £226,642 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.