1 April 2022 false Taxfiler 2023.9 01977824business:PrivateLimitedCompanyLtd2022-04-012023-03-31 019778242022-03-31 019778242022-04-012023-03-31 01977824business:AuditExemptWithAccountantsReport2022-04-012023-03-31 01977824business:FilletedAccounts2022-04-012023-03-31 019778242023-03-31 01977824business:Director12022-04-012023-03-31 01977824business:Director22022-04-012023-03-31 01977824business:RegisteredOffice2022-04-012023-03-31 019778242022-03-31 01977824core:WithinOneYear2023-03-31 01977824core:WithinOneYear2022-03-31 01977824core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 01977824core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 01977824core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 01977824core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 01977824core:PreviouslyStatedAmount2023-03-31 01977824core:PreviouslyStatedAmount2022-03-31 01977824business:SmallEntities2022-04-012023-03-31 01977824countries:EnglandWales2022-04-012023-03-31 01977824core:MotorVehicles2022-04-012023-03-31 01977824core:FurnitureFittings2022-04-012023-03-31 01977824core:ComputerEquipment2022-04-012023-03-31 01977824core:MotorVehicles2022-03-31 01977824core:ComputerEquipment2022-03-31 01977824core:MotorVehicles2023-03-31 01977824core:ComputerEquipment2023-03-31 019778242021-04-012022-03-31 iso4217:GBP xbrli:pure
Company Registration No. 01977824 (England and Wales)
ARROWHIVE EQUIPMENT LIMITED Unaudited accounts for the year ended 31 March 2023
ARROWHIVE EQUIPMENT LIMITED Unaudited accounts Contents
Page
- 2 -
ARROWHIVE EQUIPMENT LIMITED Company Information for the year ended 31 March 2023
Directors
Martin Fletcher Philip Fletcher
Company Number
01977824 (England and Wales)
Registered Office
Denmark House 143 High Street Chalfont St Peter Bucks SL9 9QL
Accountants
Lane Accounting Limited Denmark House 143 High Street Chalfont St Peter Buckinghamshire SL9 9QL
- 3 -
ARROWHIVE EQUIPMENT LIMITED Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
822 
417 
Current assets
Inventories
9,728 
8,640 
Debtors
68,090 
36,529 
Cash at bank and in hand
61,423 
25,243 
139,241 
70,412 
Creditors: amounts falling due within one year
(92,040)
(37,185)
Net current assets
47,201 
33,227 
Net assets
48,023 
33,644 
Capital and reserves
Called up share capital
920 
920 
Profit and loss account
47,103 
32,724 
Shareholders' funds
48,023 
33,644 
For the year ending 31 March 2023 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 August 2023 and were signed on its behalf by
Philip Fletcher Director Company Registration No. 01977824
- 4 -
ARROWHIVE EQUIPMENT LIMITED Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
ARROWHIVE EQUIPMENT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 01977824. The registered office is Denmark House, 143 High Street, Chalfont St Peter, Bucks, SL9 9QL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% per annum of cost
Fixtures & fittings
25% per annum of cost
Computer equipment
25% per annum of cost
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
- 5 -
ARROWHIVE EQUIPMENT LIMITED Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
16,500 
2,751 
19,251 
Additions
- 
1,457 
1,457 
At 31 March 2023
16,500 
4,208 
20,708 
Depreciation
At 1 April 2022
16,500 
2,334 
18,834 
Charge for the year
- 
1,052 
1,052 
At 31 March 2023
16,500 
3,386 
19,886 
Net book value
At 31 March 2023
- 
822 
822 
At 31 March 2022
- 
417 
417 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
1,499 
Trade debtors
68,090 
33,129 
Accrued income and prepayments
- 
1,901 
68,090 
36,529 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
1,744 
- 
Trade creditors
69,618 
24,868 
Taxes and social security
7,228 
4,764 
Other creditors
1,491 
1,346 
Loans from directors
10,344 
4,323 
Accruals
1,615 
1,884 
92,040 
37,185 
7
Loans to directors
As at 31 March 2023 Mr P Fletcher, a director, was owed £4,316 by the company (2022 - £4,316). As at 31 March 2023 Mr M Fletcher, a director, was owed £6,027 by the company (2022 - £0). Loans are interest free and repayable on demand.
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
- 6 -