Arboles UK Limited
Arboles UK Limited
Registered number: 3554674
Unaudited Financial Statements
For The Year Ended 31 March 2017
Arboles UK Limited
Unaudited Financial Statements
For The Year Ended 31 March 2017
Unaudited Financial Statements
Contents | |
Page | |
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Statement of Financial Position | 1—2 |
Statement of Changes in Equity | 3 |
Notes to the Financial Statements | 4—6 |
Arboles UK Limited
Statement of Financial Position
For The Year Ended 31 March 2017
Statement of Financial Position
Registered number:
3554674
For the year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
2017 | 2016 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 4 |
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CURRENT ASSETS | |||||
Stocks |
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Debtors | 5 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 6 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital |
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Profit and loss account |
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SHAREHOLDERS' FUNDS | 111,793 | 56,971 | |||
Page 1
Arboles UK Limited
Statement of Financial Position (continued)
For The Year Ended 31 March 2017
Directors' responsibilities:
-
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The Company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the Income Statement
On behalf of the board
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The notes on pages 4 to 6 form part of these financial statements.
Page 2
Arboles UK Limited
Statement of Changes in Equity
For The Year Ended 31 March 2017
Statement of Changes in Equity
Share Capital | Profit & Loss Account | Total | |
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£ | £ | £ | |
As at 1 April 2015 |
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16,980 |
Profit for the year and total comprehensive income | - |
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167,991 |
Dividends paid | - | (128,000) | (128,000) |
As at 31 March 2016 and 1 April 2016 |
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56,971 |
Profit for the year and total comprehensive income | - |
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186,822 |
Dividends paid | - | (132,000) | (132,000) |
As at |
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111,793 |
Page 3
Arboles UK Limited
Notes to the Unaudited Accounts
For The Year Ended 31 March 2017
Notes to the Unaudited Accounts
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS 102, Section 1A – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The financial statements are presented in Sterling (£)
1.2.
Turnover
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets held for the company’s own use are stated at cost less accumulated depreciation and accumulated impairment losses.
Depreciation is provided at rates calculated to write down the cost of fixed assets, less their estimated residual value, over their expected useful lives.
Assets held under finance leases are depreciated in the same way as owned assets.
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
The depreciation rates generally applicable are:
Plant & Machinery |
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Fixtures & Fittings |
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1.4.
Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1.5.
Pensions
The company operates defined contribution pension schemes. Contributions are charged to the income statement as they become payable in accordance with the rules of the schemes.
1.6.
Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, directors report, and notes to the financial statements relating to the income statement. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
Page 4
Arboles UK Limited
Notes to the Unaudited Accounts (continued)
For The Year Ended 31 March 2017
3.
Average number of employees
The average number of employees, including directors, during the year was four (2016: four).
4.
Tangible Assets
Plant & Machinery | Fixtures & Fittings | Total | |
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Cost | |||
As at |
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As at |
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Depreciation | |||
As at |
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Provided during the period |
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As at |
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Net Book Value | |||
As at |
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As at |
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5.
Debtors
2017 | 2016 | ||
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£ | £ | ||
Due within one year | |||
Trade debtors |
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Prepayments and accrued income |
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Other debtors |
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6.
Creditors: Amounts Falling Due Within One Year
2017 | 2016 | ||
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£ | £ | ||
Trade creditors |
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Corporation tax |
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Other taxes and social security |
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VAT |
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Other creditors |
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Accruals and deferred income |
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Directors' loan accounts |
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Page 5
Arboles UK Limited
Notes to the Unaudited Accounts (continued)
For The Year Ended 31 March 2017
7.
Other Commitments
At the end of the period the company had minimum lease payments under non-cancellable leases as follows:
Land and buildings | ||
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2017 | 2016 | |
£ | £ | |
Leases due to expire | ||
Within 1 year | 12,144 | - |
Between 1 and 5 years | - | 25,392 |
12,144 | 25,392 | |
8.
Pension Commitments
The company operates defined contribution pension schemes for all qualifying employees. The assets of the schemes are held separately from those of the company in independently administered funds.
During the year, retirement benefits were accruing to three directors (2016: two) in respect of these schemes.
9.
General Information
Arboles UK Limited Registered number 3554674 is a limited by shares company incorporated in England & Wales. The Registered Office is Unit 56, Manchester Road, Bolton , BL3 2NZ.
Page 6