Arthur Cambrey Limited 31/03/2023 iXBRL

Arthur Cambrey Limited 31/03/2023 iXBRL

ARTHUR CAMBREY LIMITED - Company Information

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10 31/03/2023 2023-03-31 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2022-04-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 05389633 2022-04-01 2023-03-31 05389633 2023-03-31 05389633 2022-03-31 05389633 2021-04-01 2022-03-31 05389633 2022-03-31 05389633 core:LandBuildings core:ShortLeaseholdAssets 2022-04-01 2023-03-31 05389633 core:PlantMachinery 2022-04-01 2023-03-31 05389633 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 05389633 core:NetGoodwill 2022-04-01 2023-03-31 05389633 bus:Director2 2022-04-01 2023-03-31 05389633 core:NetGoodwill 2022-03-31 05389633 core:NetGoodwill 2023-03-31 05389633 core:LandBuildings core:LongLeaseholdAssets 2022-03-31 05389633 core:FurnitureFittingsToolsEquipment 2022-03-31 05389633 core:MotorVehicles 2022-03-31 05389633 core:LandBuildings core:LongLeaseholdAssets 2023-03-31 05389633 core:FurnitureFittingsToolsEquipment 2023-03-31 05389633 core:MotorVehicles 2023-03-31 05389633 core:WithinOneYear 2023-03-31 05389633 core:WithinOneYear 2022-03-31 05389633 core:ShareCapital 2023-03-31 05389633 core:ShareCapital 2022-03-31 05389633 core:SharePremium 2023-03-31 05389633 core:SharePremium 2022-03-31 05389633 core:RetainedEarningsAccumulatedLosses 2023-03-31 05389633 core:RetainedEarningsAccumulatedLosses 2022-03-31 05389633 core:LandBuildings core:LongLeaseholdAssets 2022-04-01 2023-03-31 05389633 core:MotorVehicles 2022-04-01 2023-03-31 05389633 core:NetGoodwill 2022-03-31 05389633 core:LandBuildings core:LongLeaseholdAssets 2022-03-31 05389633 core:FurnitureFittingsToolsEquipment 2022-03-31 05389633 core:MotorVehicles 2022-03-31 05389633 bus:Director2 2022-03-31 05389633 bus:Director2 2023-03-31 05389633 bus:Director2 2021-03-31 05389633 bus:Director2 2022-03-31 05389633 bus:Director2 2021-04-01 2022-03-31 05389633 bus:SmallEntities 2022-04-01 2023-03-31 05389633 bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 05389633 bus:FullAccounts 2022-04-01 2023-03-31 05389633 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 05389633 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 05389633 core:OtherRelatedParties 2022-04-01 2023-03-31
Company registration number: 05389633
Arthur Cambrey Limited
Unaudited filleted financial statements
31 March 2023
Arthur Cambrey Limited
Contents
Statement of financial position
Notes to the financial statements
Arthur Cambrey Limited
Statement of financial position
31 March 2023
2023 2022
Note £ £ £ £
Fixed assets
Intangible assets 5 59,000 88,500
Tangible assets 6 1,149,500 1,250,233
_______ _______
1,208,500 1,338,733
Current assets
Stocks 35,123 26,863
Debtors 7 130,727 118,397
Cash at bank and in hand 1,797,881 1,541,144
_______ _______
1,963,731 1,686,404
Creditors: amounts falling due
within one year 8 ( 120,506) ( 75,202)
_______ _______
Net current assets 1,843,225 1,611,202
_______ _______
Total assets less current liabilities 3,051,725 2,949,935
Provisions for liabilities ( 3,911) ( 9,309)
_______ _______
Net assets 3,047,814 2,940,626
_______ _______
Capital and reserves
Called up share capital 250,000 250,000
Share premium account 696,740 696,740
Profit and loss account 2,101,074 1,993,886
_______ _______
Shareholders funds 3,047,814 2,940,626
_______ _______
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 27 April 2023 , and are signed on behalf of the board by:
Ms A Cambrey
Director
Company registration number: 05389633
Arthur Cambrey Limited
Notes to the financial statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Myrtle Hill Bungalow, Bradford Street, Llanelli, SA15 1LS.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill - Acquired Goodwill is written off over its estimated useful life of 20 years.
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
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:
Chapel of Rest & Garages - 2 % reducing balance
Motor Vehicles - 25 % reducing balance
Fittings fixtures and equipment - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 10 (2022: 9 ).
5. Intangible assets
Goodwill Total
£ £
Cost
At 1 April 2022 and 31 March 2023 590,000 590,000
_______ _______
Amortisation
At 1 April 2022 501,500 501,500
Charge for the year 29,500 29,500
_______ _______
At 31 March 2023 531,000 531,000
_______ _______
Carrying amount
At 31 March 2023 59,000 59,000
_______ _______
At 31 March 2022 88,500 88,500
_______ _______
6. Tangible assets
Capel of Rest - Long leasehold property Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £
Cost
At 1 April 2022 1,053,899 196,484 572,932 1,823,315
Additions - 6,333 - 6,333
_______ _______ _______ _______
At 31 March 2023 1,053,899 202,817 572,932 1,829,648
_______ _______ _______ _______
Depreciation
At 1 April 2022 155,726 144,331 273,024 573,081
Charge for the year 17,963 14,127 74,977 107,067
_______ _______ _______ _______
At 31 March 2023 173,689 158,458 348,001 680,148
_______ _______ _______ _______
Carrying amount
At 31 March 2023 880,210 44,359 224,931 1,149,500
_______ _______ _______ _______
At 31 March 2022 898,173 52,153 299,908 1,250,234
_______ _______ _______ _______
7. Debtors
2023 2022
£ £
Trade debtors 9,048 37,437
Other debtors 121,679 80,960
_______ _______
130,727 118,397
_______ _______
8. Creditors: amounts falling due within one year
2023 2022
£ £
Corporation tax 84,802 32,100
Social security and other taxes 5,980 -
Other creditors 29,724 43,102
_______ _______
120,506 75,202
_______ _______
9. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Ms A Cambrey 55,137 106,368 ( 55,000) 106,505
_______ _______ _______ _______
2022
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Ms A Cambrey ( 1,550) 103,687 ( 47,000) 55,137
_______ _______ _______ _______
The loans are repayable on demand and interest is paid at the appropriate rate.
10. Related party transactions
The business trades from leasehold premises occupying land owned by one of the directors. No rent is charged.