TCB-Arrow Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 02149877 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

TCB-ARROW LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

436,407

460,779

CURRENT ASSETS

Stocks

330,778

307,470

Debtors

5

535,164

540,261

Cash at bank

321,791

252,165

1,187,733

1,099,896

CREDITORS

Amounts falling due within one year

6

656,440

672,931

NET CURRENT ASSETS

531,293

426,965

TOTAL ASSETS LESS CURRENT LIABILITIES

967,700

887,744

CREDITORS

Amounts falling due after more than one year

7

157,181

131,032

NET ASSETS

810,519

756,712

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

9

17,750

17,750

Retained earnings

792,669

738,862

SHAREHOLDERS' FUNDS

810,519

756,712

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 13 September 2017 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 24 .

4.	TANGIBLE FIXED ASSETS

Improvements

Short

to

Plant and

leasehold

property

machinery

£

£

£

COST

At 1 January 2016

100,000

60,999

1,908,161

Additions

-

22,365

88,067

At 31 December 2016

100,000

83,364

1,996,228

DEPRECIATION

At 1 January 2016

30,000

60,111

1,525,582

Charge for year

20,000

5,814

117,662

At 31 December 2016

50,000

65,925

1,643,244

NET BOOK VALUE

At 31 December 2016

50,000

17,439

352,984

At 31 December 2015

70,000

888

382,579

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 January 2016

48,064

9,254

2,126,478

Additions

-

14,000

124,432

At 31 December 2016

48,064

23,254

2,250,910

DEPRECIATION

At 1 January 2016

44,634

5,372

1,665,699

Charge for year

857

4,471

148,804

At 31 December 2016

45,491

9,843

1,814,503

NET BOOK VALUE

At 31 December 2016

2,573

13,411

436,407

At 31 December 2015

3,430

3,882

460,779

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade debtors

445,529

421,249

Loans to Associated Companies

82,193

114,279

Prepayments

7,442

4,733

535,164

540,261

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Bank loans and overdrafts

217,371

347,853

Hire purchase contracts

53,591

94,855

Trade creditors

334,704

157,114

Tax

38

-

Social security and other taxes

21,346

16,796

VAT

20,775

38,088

Accruals and Other Creditors

8,615

18,225

656,440

672,931

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.16

31.12.15

£

£

Hire purchase contracts

157,181

131,032

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.16

31.12.15

£

£

Bank overdrafts

217,371

347,853

Hire purchase contracts

210,772

225,887

428,143

573,740

HSBC Invoice Finance (UK) Limited has a fixed and floating charge dated 13/12/2013.

HSBC Equipment Finance (UK) Limited and HSBC Asset Finance (UK) Limited has a fixed charge dated

14/11/2014.

9.

RESERVES

Revaluation

reserve

£

At 1 January 2016

and 31 December 2016

17,750

10.	RELATED PARTY DISCLOSURES

The rent and rates charge in the profit and loss account in the sum of £208,999 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.