Arthur Razor Ltd

Arthur Razor Ltd

ARTHUR RAZOR LTD - Company Information

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1 July 2016 false No description of principal activity Taxfiler 2017.46.Web 07928997business:PrivateLimitedCompanyLtd2016-07-012017-06-30 079289972016-06-30 079289972016-07-012017-06-30 07928997business:AuditExempt-NoAccountantsReport2016-07-012017-06-30 07928997business:FullAccounts2016-07-012017-06-30 079289972017-06-30 07928997business:Director12016-07-012017-06-30 07928997business:RegisteredOffice2016-07-012017-06-30 079289972016-06-30 07928997core:WithinOneYear2017-06-30 07928997core:WithinOneYear2016-06-30 07928997core:ShareCapital2017-06-30 07928997core:ShareCapital2016-06-30 07928997core:RetainedEarningsAccumulatedLosses2017-06-30 07928997core:RetainedEarningsAccumulatedLosses2016-06-30 07928997business:SmallEntities2016-07-012017-06-30 07928997countries:EnglandWales2016-07-012017-06-30 07928997core:LandBuildings2016-07-012017-06-30 07928997core:FurnitureFittings2016-07-012017-06-30 07928997core:ComputerEquipment2016-07-012017-06-30 07928997core:LandBuildings2016-06-30 07928997core:FurnitureFittings2016-06-30 07928997core:ComputerEquipment2016-06-30 07928997core:LandBuildings2017-06-30 07928997core:FurnitureFittings2017-06-30 07928997core:ComputerEquipment2017-06-30 07928997business:OrdinaryShareClass12016-07-012017-06-30 07928997business:OrdinaryShareClass12015-07-012016-06-30 079289972015-07-012016-06-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 07928997 (England and Wales)
Arthur Razor Ltd Unaudited accounts for the year ended 30 June 2017
Arthur Razor Ltd Unaudited accounts Contents
Page
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Arthur Razor Ltd Company Information for the year ended 30 June 2017
Director
Tony Bonaventura
Company Number
07928997 (England and Wales)
Registered Office
12 CHURCHFIELD ROAD ACTON LONDON W3 6EG
Accountants
VNW Limited 70 Dowdeswell Close London SW15 5RL
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Arthur Razor Ltd Statement of financial position as at 30 June 2017
2017 
2016 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
190 
5,508 
Current assets
Inventories
5
400 
400 
Debtors
6
9,736 
9,495 
Cash at bank and in hand
2,017 
7,747 
12,153 
17,642 
Creditors: amounts falling due within one year
7
(19,382)
(33,706)
Net current liabilities
(7,229)
(16,064)
Net liabilities
(7,039)
(10,556)
Capital and reserves
Called up share capital
8
1 
1 
Profit and loss account
(7,040)
(10,557)
Shareholders' funds
(7,039)
(10,556)
For the year ending 30 June 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 26 January 2018.
Tony Bonaventura Director Company Registration No. 07928997
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Arthur Razor Ltd Notes to the Accounts for the year ended 30 June 2017
1
Statutory information
Arthur Razor Ltd is a private company, limited by shares, registered in England and Wales, registration number 07928997. The registered office is 12 CHURCHFIELD ROAD, ACTON, LONDON, W3 6EG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 30 June 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 July 2015. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20%
Fixtures & fittings
20%
Computer equipment
33%
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Arthur Razor Ltd Notes to the Accounts for the year ended 30 June 2017
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2016
13,850 
11,789 
4,170 
29,809 
At 30 June 2017
13,850 
11,789 
4,170 
29,809 
Depreciation
At 1 July 2016
11,080 
9,431 
3,790 
24,301 
Charge for the year
2,770 
2,358 
190 
5,318 
At 30 June 2017
13,850 
11,789 
3,980 
29,619 
Net book value
At 30 June 2017
- 
- 
190 
190 
At 30 June 2016
2,770 
2,358 
380 
5,508 
5
Inventories
2017 
2016 
£ 
£ 
Finished goods
400 
400 
400 
400 
6
Debtors
2017 
2016 
£ 
£ 
Trade debtors
1,960 
1,719 
Accrued income and prepayments
7,776 
7,776 
9,736 
9,495 
7
Creditors: amounts falling due within one year
2017 
2016 
£ 
£ 
Taxes and social security
1,618 
539 
Other creditors
2,429 
23,343 
Loans from directors
10,647 
9,824 
Accruals
4,688 
- 
19,382 
33,706 
8
Share capital
2017 
2016 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Average number of employees
During the year the average number of employees was 4 (2016: 3).
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