Arrow Cleaning Services Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 10053122 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 9TH MARCH 2016 TO 31ST MARCH 2017

FOR

ARROW CLEANING SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M P Sopel

Mrs D Sopel

Mr C Gibbs

REGISTERED OFFICE:

27 Mollington Crescent

Shirley

Solihull

West Midlands

B90 3RQ

REGISTERED NUMBER:

10053122 (England and Wales)

ACCOUNTANTS:

Hawkins & Co.

Chartered Certified Accountants

11 Stratford Road

Shirley

Solihull

West Midlands

B90 3LU

BANKERS:

Lloyds Bank plc

355 Stratford Road

Shirley

Solihull

West Midlands

B90 3BR

FIXED ASSETS

Intangible assets

4

160,548

Tangible assets

5

11,970

172,518

CURRENT ASSETS

Debtors

6

39,559

Cash at bank and in hand

60,791

100,350

CREDITORS

Amounts falling due within one year

7

241,170

NET CURRENT LIABILITIES

(140,820

)

TOTAL ASSETS LESS CURRENT LIABILITIES

31,698

PROVISIONS FOR LIABILITIES

8

2,394

NET ASSETS

29,304

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

29,204

29,304

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st March 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 2017 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 8th December 2017 and were signed on its behalf by:

Mr M P Sopel - Director

Mr C Gibbs - Director

1.	STATUTORY INFORMATION

Arrow Cleaning 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

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

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

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

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Taxation

Taxation for the period 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 period 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 period was 9 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

200,000

At 31st March 2017

200,000

AMORTISATION

Charge for period

39,452

At 31st March 2017

39,452

NET BOOK VALUE

At 31st March 2017

160,548

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

Additions

1,279

13,450

14,729

Disposals

-

(500

)

(500

)

At 31st March 2017

1,279

12,950

14,229

DEPRECIATION

Charge for period

157

2,102

2,259

At 31st March 2017

157

2,102

2,259

NET BOOK VALUE

At 31st March 2017

1,122

10,848

11,970

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

37,066

Other debtors

2,493

39,559

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

42

Taxation and social security

41,104

Other creditors

200,024

241,170

8.	PROVISIONS FOR LIABILITIES

£

Deferred tax

Accelerated capital allowances

2,394

Deferred

tax

£

Charge to Income Statement during period

2,394

Balance at 31st March 2017

2,394

9.	RELATED PARTY DISCLOSURES

During the period, total dividends of £8,000 were paid to the directors .

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M P Sopel.