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REGISTERED NUMBER: 02035418 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2021

for

John Arnold Commercials Limited

John Arnold Commercials Limited (Registered number: 02035418)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


John Arnold Commercials Limited

Company Information
for the Year Ended 31 December 2021







DIRECTORS: J Arnold
Miss H Arnold
Miss S Arnold





REGISTERED OFFICE: Spectrum House
2B Suttons Lane
Hornchurch
Essex
RM12 6RJ





REGISTERED NUMBER: 02035418 (England and Wales)





ACCOUNTANTS: Johal & Company
Chartered Certified Accountants
& Registered Auditors
Spectrum House
2B Suttons Lane
Hornchurch
Essex
RM12 6RJ

John Arnold Commercials Limited (Registered number: 02035418)

Statement of Financial Position
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 601,019 794,102
601,019 794,102

CURRENT ASSETS
Stocks 721,474 555,107
Debtors 6 860,874 820,894
Cash at bank and in hand 1,225,248 850,580
2,807,596 2,226,581
CREDITORS
Amounts falling due within one year 7 1,158,439 832,277
NET CURRENT ASSETS 1,649,157 1,394,304
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,250,176

2,188,406

CREDITORS
Amounts falling due after more than one
year

8

(107,260

)

(213,420

)

PROVISIONS FOR LIABILITIES (44,061 ) (71,289 )
NET ASSETS 2,098,855 1,903,697

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 2,048,855 1,853,697
SHAREHOLDERS' FUNDS 2,098,855 1,903,697

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

John Arnold Commercials Limited (Registered number: 02035418)

Statement of Financial Position - continued
31 December 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 20 July 2022 and were signed on its behalf by:





Miss H Arnold - Director


John Arnold Commercials Limited (Registered number: 02035418)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

John Arnold Commercials 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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 2008, is being amortised evenly over its estimated useful life of four 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - Straight line over 20 years
Plant and machinery - 10% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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 statement of financial position date.


John Arnold Commercials Limited (Registered number: 02035418)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

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.

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 year was 41 (2020 - 41 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2021
and 31 December 2021 214,150
AMORTISATION
At 1 January 2021
and 31 December 2021 214,150
NET BOOK VALUE
At 31 December 2021 -
At 31 December 2020 -

John Arnold Commercials Limited (Registered number: 02035418)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 January 2021 92,984 445,023 147,317
Additions - 45,747 3,320
Disposals - - -
At 31 December 2021 92,984 490,770 150,637
DEPRECIATION
At 1 January 2021 11,318 314,869 119,817
Charge for year 4,649 32,108 15,537
Eliminated on disposal - - -
At 31 December 2021 15,967 346,977 135,354
NET BOOK VALUE
At 31 December 2021 77,017 143,793 15,283
At 31 December 2020 81,666 130,154 27,500

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2021 1,162,429 49,612 1,897,365
Additions 260,635 908 310,610
Disposals (360,360 ) - (360,360 )
At 31 December 2021 1,062,704 50,520 1,847,615
DEPRECIATION
At 1 January 2021 618,952 38,307 1,103,263
Charge for year 252,656 10,033 314,983
Eliminated on disposal (171,650 ) - (171,650 )
At 31 December 2021 699,958 48,340 1,246,596
NET BOOK VALUE
At 31 December 2021 362,746 2,180 601,019
At 31 December 2020 543,477 11,305 794,102

John Arnold Commercials Limited (Registered number: 02035418)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2021 98,349 10,595 627,098 736,042
Additions - - 204,893 204,893
Disposals - - (228,657 ) (228,657 )
At 31 December 2021 98,349 10,595 603,334 712,278
DEPRECIATION
At 1 January 2021 68,844 10,595 330,047 409,486
Charge for year 9,835 - 194,681 204,516
Eliminated on disposal - - (147,674 ) (147,674 )
At 31 December 2021 78,679 10,595 377,054 466,328
NET BOOK VALUE
At 31 December 2021 19,670 - 226,280 245,950
At 31 December 2020 29,505 - 297,051 326,556

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors 787,673 764,651
Other debtors 73,201 56,243
860,874 820,894

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Hire purchase contracts 70,416 87,929
Trade creditors 614,757 421,894
Taxation and social security 308,869 283,748
Other creditors 164,397 38,706
1,158,439 832,277

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.21 31.12.20
£    £   
Hire purchase contracts 107,260 213,420