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REGISTERED NUMBER: 06395681 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 23 October 2021

for

ARD Local Ltd

ARD Local Ltd (Registered number: 06395681)






Contents of the Financial Statements
for the Year Ended 23 October 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

ARD Local Ltd

Company Information
for the Year Ended 23 October 2021







DIRECTOR: P N Smith





SECRETARY: Mrs S Hayden-Smith





REGISTERED OFFICE: Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ





REGISTERED NUMBER: 06395681 (England and Wales)





ACCOUNTANTS: Mudd Partners LLP
Chartered Accountants
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ

ARD Local Ltd (Registered number: 06395681)

Balance Sheet
23 October 2021

23.10.21 23.10.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,834 22,043

CURRENT ASSETS
Stocks 4,250 4,250
Debtors 5 75,070 18,744
Cash at bank 2,150 -
81,470 22,994
CREDITORS
Amounts falling due within one year 6 35,113 17,829
NET CURRENT ASSETS 46,357 5,165
TOTAL ASSETS LESS CURRENT
LIABILITIES

58,191

27,208

CREDITORS
Amounts falling due after more than one
year

7

(66,596

)

(80,946

)

PROVISIONS FOR LIABILITIES (768 ) (564 )
NET LIABILITIES (9,173 ) (54,302 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 (9,273 ) (54,402 )
SHAREHOLDERS' FUNDS (9,173 ) (54,302 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 23 October 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 23 October 2021 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.

ARD Local Ltd (Registered number: 06395681)

Balance Sheet - continued
23 October 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 director and authorised for issue on 20 July 2022 and were signed by:





P N Smith - Director


ARD Local Ltd (Registered number: 06395681)

Notes to the Financial Statements
for the Year Ended 23 October 2021

1. STATUTORY INFORMATION

ARD Local Ltd 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.

The company has a balance sheet deficit of £9,273 (2020: £54,402). The director is confident that the company will trade out of its current position and therefore considers it necessary and appropriate to prepare the accounts on a going concern basis.

Turnover
Turnover represents the value of sales to customers, net of discounts, allowances, volume and promotional rebates and other payments to customers and excludes VAT. Sale of goods are recognised when the company has delivered product to the customer, the customer has accepted the products and collectability of the related receivable is reasonably assured.

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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

ARD Local Ltd (Registered number: 06395681)

Notes to the Financial Statements - continued
for the Year Ended 23 October 2021

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 24 October 2020 18,057 61,769 79,826
Additions 2,849 - 2,849
At 23 October 2021 20,906 61,769 82,675
DEPRECIATION
At 24 October 2020 17,147 40,636 57,783
Charge for year 939 12,119 13,058
At 23 October 2021 18,086 52,755 70,841
NET BOOK VALUE
At 23 October 2021 2,820 9,014 11,834
At 23 October 2020 910 21,133 22,043

ARD Local Ltd (Registered number: 06395681)

Notes to the Financial Statements - continued
for the Year Ended 23 October 2021

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Motor
vehicles
£   
COST
At 24 October 2020
and 23 October 2021 59,669
DEPRECIATION
At 24 October 2020 38,536
Charge for year 12,119
At 23 October 2021 50,655
NET BOOK VALUE
At 23 October 2021 9,014
At 23 October 2020 21,133

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
23.10.21 23.10.20
£    £   
Trade debtors 60,300 1,500
Other debtors 14,770 17,244
75,070 18,744

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
23.10.21 23.10.20
£    £   
Bank loans and overdrafts 7,923 1,414
Hire purchase contracts and finance leases (see note 8)
8,324

8,324
Trade creditors 6,985 4,237
Taxation and social security 6,053 364
Other creditors 5,828 3,490
35,113 17,829

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
23.10.21 23.10.20
£    £   
Hire purchase contracts and finance leases (see note 8)
19,739

30,946
Other creditors 46,857 50,000
66,596 80,946

ARD Local Ltd (Registered number: 06395681)

Notes to the Financial Statements - continued
for the Year Ended 23 October 2021

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts Finance leases
23.10.21 23.10.20 23.10.21 23.10.20
£    £    £    £   
Net obligations repayable:
Within one year 901 901 7,423 7,423
Between one and five years 796 1,622 18,943 29,324
1,697 2,523 26,366 36,747

9. SECURED DEBTS

The following secured debts are included within creditors:

23.10.21 23.10.20
£    £   
Hire purchase contracts and finance leases 28,063 39,270

The financed lease agreements are secured against the assets in which they relate to.

10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 23.10.21 23.10.20
value: £    £   
100 Ordinary 1 100 100

11. RESERVES
Retained
earnings
£   

At 24 October 2020 (54,402 )
Profit for the year 45,129
At 23 October 2021 (9,273 )

12. GOING CONCERN

The company has a balance sheet deficit of £9,273 (2020: £54,402). The director is confident that the company will trade out of its current position and therefore considers it necessary and appropriate to prepare the accounts on a going concern basis.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
ARD Local Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of ARD Local Ltd for the year ended 23 October 2021 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of ARD Local Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of ARD Local Ltd and state those matters that we have agreed to state to the director of ARD Local Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ARD Local Ltd and its director for our work or for this report.

It is your duty to ensure that ARD Local Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of ARD Local Ltd. You consider that ARD Local Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of ARD Local Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Mudd Partners LLP
Chartered Accountants
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ


20 July 2022