ARU BAGGING LIMITED

ARU BAGGING LIMITED

ARU BAGGING LIMITED - Company Information

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ARU BAGGING LIMITED

Company Registration Number:
08567704 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2017

Period of accounts

Start date: 01 December 2016

End date: 30 November 2017

ARU BAGGING LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2017

Balance sheet
Notes

ARU BAGGING LIMITED

Balance sheet

As at 30 November 2017


Notes
2017
2016


£
£
Fixed assets
Tangible assets: 2 366,059 366,387
Investments: 3 203,585 0
Total fixed assets: 569,644 366,387
Current assets
Stocks: 7,012 0
Debtors: 4 831,899 410,480
Cash at bank and in hand: 229,588 398,091
Total current assets: 1,068,499 808,571
Creditors: amounts falling due within one year: 5 (662,527) (458,392)
Net current assets (liabilities): 405,972 350,179
Total assets less current liabilities: 975,616 716,566
Creditors: amounts falling due after more than one year: 6 (203,230) (214,688)
Provision for liabilities: (15,855) (11,885)
Total net assets (liabilities): 756,531 489,993
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 756,431 489,893
Shareholders funds: 756,531 489,993

The notes form part of these financial statements

ARU BAGGING LIMITED

Balance sheet statements

For the year ending 30 November 2017 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 01 June 2018
and signed on behalf of the board by:

Name: M R Robinson
Status: Director

The notes form part of these financial statements

ARU BAGGING LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:Long Leasehold the term of the leasePlant and Machinery 20% costFixtures and Fittings 25% costMotor Vehicles 25% cost and not providedOffice Equipment 50% costMotor vehicles not depreciated are stated at fair value and any changes to that value are reflected in the profit and loss account.

Valuation and information policy

Stocks and work in progress are valued at the lower of cost and net realisable value, after making allowances for obsolete and slow-moving items.

Other accounting policies

INVESTMENT IN SUBSIDIARIESInvestment in subsidiary undertakings are recognised at cost.HIRE PURCHASEAssets obtained under hire purchase contracts are capitalised in the balance sheet and depreciated over their useful working lives.The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

ARU BAGGING LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2017

2. Tangible Assets

Total
Cost £
At 01 December 2016 369,562
Additions 22,557
At 30 November 2017 392,119
Depreciation
At 01 December 2016 3,175
Charge for year 22,885
At 30 November 2017 26,060
Net book value
At 30 November 2017 366,059
At 30 November 2016 366,387

ARU BAGGING LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2017

3. Fixed investments

SHARES IN GROUP UNDERTAKINGS.............................................................................................£.................Additions during the year..................................... 203585..........Net Book Value.........................................................203585..........

ARU BAGGING LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2017

4. Debtors

2017 2016
££
Debtors due after more than one year: 0 0

ARU BAGGING LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2017

5. Creditors: amounts falling due within one year note

............................................................2017.....................2016Bank Loans 114500 13670Hire Purchase 69500 67466Trade Creditors 253134 273103Group Undertakings 53828 4330Taxation and Social Security 113056 49847Other Creditors 58509 49976

ARU BAGGING LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2017

6. Creditors: amounts falling due after more than one year note

................................................................2017.................2016Bank Loans 135518 75892Hire Purchase 67712 138796