Arrow 1066 Financial Services Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 06626213 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

ARROW 1066 FINANCIAL SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTOR:

A Rowe

REGISTERED OFFICE:

28 Wilton Road

Bexhill-on-sea

East Sussex

TN40 1EZ

REGISTERED NUMBER:

06626213 (England and Wales)

ACCOUNTANTS:

Ashdown Hurrey

Chartered Accountants & Business Advisers

28 Wilton Road

Bexhill on Sea

East Sussex

TN40 1EZ

FIXED ASSETS

Tangible assets

4

4,733

5,700

CURRENT ASSETS

Debtors

5

54,944

66,805

Cash at bank

250

1,455

55,194

68,260

CREDITORS

Amounts falling due within one year

6

26,436

34,483

NET CURRENT ASSETS

28,758

33,777

TOTAL ASSETS LESS CURRENT LIABILITIES

33,491

39,477

CREDITORS

Amounts falling due after more than one year

7

(32,476

)

(38,126

)

PROVISIONS FOR LIABILITIES

(899

)

(1,083

)

NET ASSETS

116

268

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

16

168

SHAREHOLDERS' FUNDS

116

268

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 May 2024 and were signed by:

A Rowe - Director

1.	STATUTORY INFORMATION

Arrow 1066 Financial Services 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

In preparing the financial statements, the directors are required to make an assessment of the ability of the company to continue as a going concern. The directors have considered all available evidence for the company which covers the 12 month period from the date of signing these financial statements.

On the basis of this consideration, the directors are confident that the company has adequate resources to continue in operational existence and to meet its liabilities as they fall due for the foreseeable future. In reaching this conclusion they are satisfied that no material uncertainty exists. As a result of the above, the directors have concluded that it remains appropriate to adopt a going concern basis of preparation in these financial statements and that no material uncertainty exists in reaching this conclusion.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax. Turnover is recognised when the right to consideration becomes due.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 3 (2022 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 December 2022

and 30 November 2023

4,867

11,628

16,495

DEPRECIATION

At 1 December 2022

3,746

7,049

10,795

Charge for year

280

687

967

At 30 November 2023

4,026

7,736

11,762

NET BOOK VALUE

At 30 November 2023

841

3,892

4,733

At 30 November 2022

1,121

4,579

5,700

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.23

30.11.22

£

£

Other debtors

-

9,076

Directors' current accounts

54,944

52,034

Tax

-

5,695

54,944

66,805

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.23

30.11.22

£

£

Bank loans and overdrafts

7,140

7,140

Other loans

4,085

4,500

Tax

4,099

15,793

Social security and other taxes

565

407

Other creditors

6,625

4,289

Accrued expenses

3,922

2,354

26,436

34,483

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.23

30.11.22

£

£

Bank loans - 1-2 years

7,140

7,140

Bank loans - 2-5 years

21,420

21,420

Bank loans more 5 yr by instal

3,194

9,566

Other loans - 1-2 years

722

-

32,476

38,126

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

3,194

9,566

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23

30.11.22

£

£

A Rowe

Balance outstanding at start of year

52,034

56,183

Amounts advanced

30,237

76,428

Amounts repaid

(27,327

)

(80,577

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

54,944

52,034

9.	RELATED PARTY DISCLOSURES

As at the balance sheet date, the director, Mr A Rowe, owed the company £54,944 (2022: 52,034) which was repaid within 9 months of the year end. There are no terms attached to this loan and it is repayable on demand.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Arrow 1066 Financial Services Limited for the year ended 30 November 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Arrow 1066 Financial Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Arrow 1066 Financial Services Limited and state those matters that we have agreed to state to the director of Arrow 1066 Financial Services Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Arrow 1066 Financial Services Limited and its director for our work or for this report.

It is your duty to ensure that Arrow 1066 Financial Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Arrow 1066 Financial Services Limited. You consider that Arrow 1066 Financial Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Arrow 1066 Financial Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ashdown Hurrey

Chartered Accountants & Business Advisers

28 Wilton Road

Bexhill on Sea

East Sussex

TN40 1EZ

30 May 2024