Arrowstone Limited - Accounts to registrar (filleted) - small 18.2
Arrowstone Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30 April 2021 |
| for |
| Arrowstone Limited |
| Arrowstone Limited (Registered number: 04589428) |
| Contents of the Financial Statements |
| for the Year Ended 30 April 2021 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Arrowstone Limited |
| Company Information |
| for the Year Ended 30 April 2021 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 1st Floor |
| 314 Regents Park Road |
| Finchley |
| London |
| N3 2LT |
| Arrowstone Limited (Registered number: 04589428) |
| Balance Sheet |
| 30 April 2021 |
| 30.4.21 | 30.4.20 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 8 |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The director acknowledges his 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. |
| Arrowstone Limited (Registered number: 04589428) |
| Balance Sheet - continued |
| 30 April 2021 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director and authorised for issue on |
| Arrowstone Limited (Registered number: 04589428) |
| Notes to the Financial Statements |
| for the Year Ended 30 April 2021 |
| 1. | STATUTORY INFORMATION |
| Arrowstone Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Goodwill |
| 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 |
| Short leasehold | - |
| Improvements to property | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| 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. |
| Arrowstone Limited (Registered number: 04589428) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2021 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 May 2020 |
| and 30 April 2021 |
| AMORTISATION |
| At 1 May 2020 |
| Charge for year |
| At 30 April 2021 |
| NET BOOK VALUE |
| At 30 April 2021 |
| At 30 April 2020 |
| Arrowstone Limited (Registered number: 04589428) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2021 |
| 5. | TANGIBLE FIXED ASSETS |
| Improvements |
| Short | to | Plant and |
| leasehold | property | machinery |
| £ | £ | £ |
| COST |
| At 1 May 2020 |
| Additions |
| Disposals |
| At 30 April 2021 |
| DEPRECIATION |
| At 1 May 2020 |
| Charge for year |
| Eliminated on disposal |
| At 30 April 2021 |
| NET BOOK VALUE |
| At 30 April 2021 |
| At 30 April 2020 |
| Fixtures |
| and | Motor | Computer |
| fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 May 2020 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 30 April 2021 |
| DEPRECIATION |
| At 1 May 2020 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 30 April 2021 |
| NET BOOK VALUE |
| At 30 April 2021 |
| At 30 April 2020 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.4.21 | 30.4.20 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Prepayments and accrued income |
| Arrowstone Limited (Registered number: 04589428) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2021 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.4.21 | 30.4.20 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Tax |
| Social security and other taxes |
| VAT | 149,792 | 160,863 |
| Other creditors |
| Directors' current accounts | 576 | 24,721 |
| Accruals and deferred income |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30.4.21 | 30.4.20 |
| £ | £ |
| Bank loans - more than 1 year |
| Directors' loan accounts | 220,517 | 220,586 |
| The bank loans are secured by a legal charge over the leasehold property and floating charge over the company's assets. Repayment is by instalments and interest is payable at variable rates. |
| 9. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 30.4.21 | 30.4.20 |
| £ | £ |
| Within one year |
| Between one and five years |
| In more than five years |
| 10. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| At 1 May 2020, the director's loan account had a credit balance of £24,721. During the year the company repaid the director £24,145. As a result,at the year end, the company owed £576 to the director. |
| The company also owed a balance of £220,517 [2020 : £220,586] due after more than 1 year to the director. |
| 11. | ULTIMATE CONTROLLING PARTY |
| The controlling party of the company is the director, W Wolfson, by virtue of his 100% holding of the issued share capital. |