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REGISTERED NUMBER: 06480812 (England and Wales)















Unaudited Financial Statements For The Year Ended 31 January 2023

for

David Arnold Ltd

David Arnold Ltd (Registered number: 06480812)






Contents of the Financial Statements
For The Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


David Arnold Ltd

Company Information
For The Year Ended 31 January 2023







DIRECTORS: D G Arnold
L Arnold





REGISTERED OFFICE: Mill House
58 Guildford Street
Chertsey
Surrey
KT16 9BE





REGISTERED NUMBER: 06480812 (England and Wales)





ACCOUNTANTS: Fuller Spurling
Mill House
58 Guildford Street
Chertsey
Surrey
KT16 9BE

David Arnold Ltd (Registered number: 06480812)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,905 9,811
Tangible assets 5 28,032 35,607
32,937 45,418

CURRENT ASSETS
Debtors 6 19,999 9,749
Cash at bank 110 13,698
20,109 23,447
CREDITORS
Amounts falling due within one year 7 33,331 38,010
NET CURRENT LIABILITIES (13,222 ) (14,563 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,715

30,855

CREDITORS
Amounts falling due after more than one
year

8

19,577

27,095
NET ASSETS 138 3,760

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 38 3,660
SHAREHOLDERS' FUNDS 138 3,760

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

David Arnold Ltd (Registered number: 06480812)

Balance Sheet - continued
31 January 2023


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 5 October 2023 and were signed on its behalf by:





D G Arnold - Director


David Arnold Ltd (Registered number: 06480812)

Notes to the Financial Statements
For The Year Ended 31 January 2023

1. STATUTORY INFORMATION

David Arnold 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 and is recognised as services are provided. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.

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 fifteen 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.
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

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 that have been enacted or substantively enacted by the balance sheet date.

Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand
Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors
Creditors, provisions and accrued costs are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.


David Arnold Ltd (Registered number: 06480812)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2023

2. ACCOUNTING POLICIES - continued
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.

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 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 January 2023 73,600
AMORTISATION
At 1 February 2022 63,789
Charge for year 4,906
At 31 January 2023 68,695
NET BOOK VALUE
At 31 January 2023 4,905
At 31 January 2022 9,811

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2022
and 31 January 2023 5,807 24,173 38,800 281 69,061
DEPRECIATION
At 1 February 2022 - 24,173 9,000 281 33,454
Charge for year - - 7,575 - 7,575
At 31 January 2023 - 24,173 16,575 281 41,029
NET BOOK VALUE
At 31 January 2023 5,807 - 22,225 - 28,032
At 31 January 2022 5,807 - 29,800 - 35,607

David Arnold Ltd (Registered number: 06480812)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Directors' current accounts 19,999 9,749

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 16,390 8,519
Trade creditors 4,209 23,677
Corporation tax 11,062 3,870
Other creditors 270 544
Accrued expenses 1,400 1,400
33,331 38,010

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans - 2-5 years 19,577 27,095

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 February 2022 3,660
Profit for the year 34,678
Dividends (38,300 )
At 31 January 2023 38

David Arnold Ltd (Registered number: 06480812)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2023

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2023 and 31 January 2022:

31.1.23 31.1.22
£    £   
D G Arnold
Balance outstanding at start of year 9,749 27,896
Amounts advanced 10,250 -
Amounts repaid - (18,147 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,999 9,749

The above balance is unsecured, interest free and repayable on demand.