Arnold & Sharp Limited - Accounts to registrar (filleted) - small 17.3

Arnold & Sharp Limited - Accounts to registrar (filleted) - small 17.3

ARNOLD & SHARP LIMITED - Company Information

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REGISTERED NUMBER: 02741754 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2017

for

Arnold & Sharp Limited
Arnold & Sharp Limited (Registered number: 02741754)






Contents of the Financial Statements
for the Year Ended 30 September 2017




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Arnold & Sharp Limited

Company Information
for the Year Ended 30 September 2017







DIRECTOR: Mr A D Sharp





REGISTERED OFFICE: 60 Horn Hill
Whitwell
Hertfordshire
SG4 8AR





REGISTERED NUMBER: 02741754 (England and Wales)





ACCOUNTANTS: Astons Accountants
19-21 Manor Road
Caddington
Bedfordshire
LU1 4EE
Page 1
Arnold & Sharp Limited (Registered number: 02741754)

Abridged Balance Sheet
30 September 2017

30.9.17 30.9.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 445,000 305,742

CURRENT ASSETS
Cash at bank 12,339 6,176

CREDITORS
Amounts falling due within one year 60,191 65,026
NET CURRENT LIABILITIES (47,852 ) (58,850 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
397,148
246,892

CAPITAL AND RESERVES
Called up share capital 4 1,000 1,000
Revaluation reserve 5 173,963 34,705
Retained earnings 222,185 211,187
SHAREHOLDERS' FUNDS 397,148 246,892

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 September 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 15 December 2017 and were signed by:





Mr A D Sharp - Director


The notes form part of these financial statements

Page 2
Arnold & Sharp Limited (Registered number: 02741754)

Notes to the Financial Statements
for the Year Ended 30 September 2017

1. STATUTORY INFORMATION

Arnold & Sharp 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 as modified by the revaluation of certain assets.

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.
Land and buildings - in accordance with the property
Plant and machinery etc - 33% on cost

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.

3. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 October 2016 307,152
Revaluations 139,258
At 30 September 2017 446,410
DEPRECIATION
At 1 October 2016
and 30 September 2017 1,410
NET BOOK VALUE
At 30 September 2017 445,000
At 30 September 2016 305,742

Included in cost or valuation of land and buildings is freehold land of £ 445,000 (2016 - £ 305,742 ) which is not
depreciated.

Page 3
Arnold & Sharp Limited (Registered number: 02741754)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2017

3. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 September 2017 is represented by:

Totals
£   
Valuation in 2005 50,668
Valuation in 2006 20,520
Valuation in 2007 105,680
Valuation in 2008 (27,866 )
Valuation in 2009 (127,564 )
Valuation in 2010 (11,733 )
Valuation in 2014 56,560
Valuation in 2015 (31,560 )
Valuation in 2017 139,258
Cost 272,447
446,410

If freehold properties had not been revalued they would have been included at the following historical cost:

30.9.17 30.9.16
£    £   
Cost 271,037 -

Freehold properties were valued on an open market basis on 30 September 2017 by an independent valuer .

4. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30.9.17 30.9.16
value: £    £   
1,000 Ordinary A £1 1,000 1,000

5. RESERVES
Revaluation
reserve
£   
At 1 October 2016 34,705
Revaluation in year 139,258

At 30 September 2017 173,963

Page 4