ARNO GB LIMITED

Company Registration Number:
01385669 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2022

Period of accounts

Start date: 01 January 2022

End date: 31 December 2022

ARNO GB LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2022

Balance sheet
Notes

ARNO GB LIMITED

Balance sheet

As at 31 December 2022


Notes

2022

2021


£

£
Fixed assets
Intangible assets: 3 0 13,425
Tangible assets: 4 2,058,244 2,117,773
Total fixed assets: 2,058,244 2,131,198
Current assets
Stocks: 360,904 219,551
Debtors: 5 1,164,582 2,802,612
Cash at bank and in hand: 29,059 177,008
Total current assets: 1,554,545 3,199,171
Creditors: amounts falling due within one year: 6 (3,564,513) (4,674,517)
Net current assets (liabilities): (2,009,968) (1,475,346)
Total assets less current liabilities: 48,276 655,852
Creditors: amounts falling due after more than one year: 7 (2,450,606) (1,948,434)
Total net assets (liabilities): (2,402,330) (1,292,582)
Capital and reserves
Called up share capital: 80,000 80,000
Share premium account: 2,506 2,506
Other reserves: 12,049 12,049
Profit and loss account: (2,496,885) (1,387,137)
Shareholders funds: (2,402,330) (1,292,582)

The notes form part of these financial statements

ARNO GB LIMITED

Balance sheet statements

For the year ending 31 December 2022 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 30 September 2023
and signed on behalf of the board by:

Name: M Jones
Status: Director

The notes form part of these financial statements

ARNO GB LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

ARNO GB LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

2. Employees

2022 2021
Average number of employees during the period 34 34

ARNO GB LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Intangible Assets

Total
Cost £
At 01 January 2022 353,316
At 31 December 2022 353,316
Amortisation
At 01 January 2022 339,891
Charge for year 13,425
At 31 December 2022 353,316
Net book value
At 31 December 2022 0
At 31 December 2021 13,425

ARNO GB LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Tangible Assets

Total
Cost £
At 01 January 2022 2,705,712
Additions 3,983
At 31 December 2022 2,709,695
Depreciation
At 01 January 2022 587,939
Charge for year 63,512
At 31 December 2022 651,451
Net book value
At 31 December 2022 2,058,244
At 31 December 2021 2,117,773

ARNO GB LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Debtors

2022 2021
££
Debtors due after more than one year: 0 0

ARNO GB LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

6. Creditors: amounts falling due within one year note

2022Bank Overdrafts £176,543Trade Creditors £405,788Amounts Owed to Group Undertakings £1,236,183Other taxation & Social Security £74,852Other Creditors £10,530Accruals & Deferred Income £1,660,7072021Bank Overdrafts £511,378Trade Creditors £636,337Amounts owed to Group Undertakings £910,112Other Taxation & Social Security £298,070Other Creditors £574,895Accruals & Deferred Income £1,743,725

ARNO GB LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

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

2022Amounts Owed to Group Undertakings £2,450,6062021Amounts Owed to Group Undertakings £1,948,434

ARNO GB LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

8. Financial commitments

At 31 December 2022 the Company had future minimum lease payments due under non cancellable operating leases for each of the following periodNot Later than 1 year £9,652Later than 1 year and not later than 5 years £15,428At 31 December 2021 the Company had future minimum lease payments due under non cancellable operating leases for each of the following periodNot Later than 1 year £9,071Later than 1 year and not later than 5 years £23,478

ARNO GB LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

9. Related party transactions

Name of the related party: ARNO GmbH
Relationship:
Parent Company
Description of the Transaction: Management Fees & Interest £39,300Purchases £144,482
£
Balance at 01 January 2022 2,824,389
Balance at 31 December 2022 3,631,281
Name of the related party: ARNO Ooo
Relationship:
Group Company
Description of the Transaction: 0.00
£
Balance at 01 January 2022 15,231
Balance at 31 December 2022 15,518
Name of the related party: Arno Istanbul Sr
Relationship:
Group Company
Description of the Transaction: 7,032
£
Balance at 01 January 2022 0
Balance at 31 December 2022 7,032
Name of the related party: Arno Guangzhou
Relationship:
Group Company
Description of the Transaction: 14,032
£
Balance at 01 January 2022 14,768
Balance at 31 December 2022 28,800