1 April 2022 v2023.20.2 limited_company_frs_102_section_1a_v1_1_0 companies_houseSoftwarefalsetruetruetrueNo description of principal activitytruexbrli:purexbrli:sharesiso4217:GBP005535942022-04-012023-03-31005535942023-03-31005535942022-03-3100553594core:WithinOneYear2023-03-3100553594core:WithinOneYear2022-03-3100553594core:AfterOneYear2023-03-3100553594core:AfterOneYear2022-03-3100553594core:ShareCapital2023-03-3100553594core:ShareCapital2022-03-3100553594core:RetainedEarningsAccumulatedLosses2023-03-3100553594core:RetainedEarningsAccumulatedLosses2022-03-3100553594bus:Director12022-04-012023-03-3100553594bus:RegisteredOffice2022-04-012023-03-3100553594core:LandBuildings2022-04-012023-03-3100553594core:PlantMachinery2022-04-012023-03-3100553594core:FurnitureFittingsToolsEquipment2022-04-012023-03-3100553594core:MotorVehicles2022-04-012023-03-31005535942021-04-012022-03-3100553594core:LandBuildings2022-04-0100553594core:PlantMachinery2022-04-01005535942022-04-0100553594core:LandBuildings2023-03-3100553594core:PlantMachinery2023-03-3100553594core:LandBuildings2022-03-3100553594core:PlantMachinery2022-03-310055359412022-04-012023-03-3100553594countries:EnglandWales2022-04-012023-03-3100553594bus:AuditExemptWithAccountantsReport2022-04-012023-03-3100553594bus:PrivateLimitedCompanyLtd2022-04-012023-03-3100553594bus:SmallEntities2022-04-012023-03-3100553594bus:FullAccounts2022-04-012023-03-31
Company registration number:
00553594
ARTHUR POLLARD LIMITED
Unaudited Filleted Financial Statements for the year ended
31 March 2023
Christie Holyland Limited
Chartered Certified Accountants
7 High View Close, Hamilton Office Park, Leicester, Leicestershire, LE4 9LJ, United Kingdom
ARTHUR POLLARD LIMITED
Report to the board of directors on the preparation of the unaudited statutory financial statements of ARTHUR POLLARD LIMITED
Year ended
31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements
of
ARTHUR POLLARD LIMITED
for the year ended
31 March 2023
which comprise the income statement, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Members/​Doc/​rule/​2018-rulebook.pdf.
This report is made solely to the Board of Directors of
ARTHUR POLLARD LIMITED
, as a body, in accordance with the terms of our engagement letter dated 18 September 2020. Our work has been undertaken solely to prepare for your approval the
financial statements
of
ARTHUR POLLARD LIMITED
and state those matters that we have agreed to state to the Board of Directors of
ARTHUR POLLARD LIMITED
, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Technical/​fact/​technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
ARTHUR POLLARD LIMITED
and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that
ARTHUR POLLARD LIMITED
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
ARTHUR POLLARD LIMITED
. You consider that
ARTHUR POLLARD LIMITED
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 ARTHUR POLLARD LIMITED. 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.
Christie Holyland Limited
Chartered Certified Accountants
Date:
30 September 2023
ARTHUR POLLARD LIMITED
Statement of Financial Position
31 March 2023
20232022
Note££
Fixed assets    
Tangible assets 5
420,601
 
320,616
 
Current assets    
Stocks
207,358
 
194,139
 
Debtors 6
2,149,946
 
1,478,482
 
Cash at bank and in hand
1,779,066
 
1,791,102
 
4,136,370
 
3,463,723
 
Creditors: amounts falling due within one year 7
(2,172,598
)
(1,787,878
)
Net current assets
1,963,772
 
1,675,845
 
Total assets less current liabilities 2,384,373   1,996,461  
Creditors: amounts falling due after more than one year 8
(22,545
)
(22,966
)
Provisions for liabilities
(71,415
)
(33,144
)
Net assets
2,290,413
 
1,940,351
 
Capital and reserves    
Called up share capital
1,650
 
1,650
 
Profit and loss account
2,288,763
 
1,938,701
 
Shareholders funds
2,290,413
 
1,940,351
 
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.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
30 September 2023
, and are signed on behalf of the board by:
Mr. D. M. Pollard
Director
Company registration number:
00553594
ARTHUR POLLARD LIMITED
Notes to the Financial Statements
Year ended
31 March 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office and principal place of business is
38 Churchill Way
,
Fleckney
,
Leicester
,
Leicestershire
,
LE8 8DU
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, and are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Land and buildings
2% Straight line
Plant and machinery
33% Reducing balance
Fixtures, fittings and equipment
10% Reducing balance
Motor vehicles
25% Straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks and work in progress

Stock and work in progress are valued at the lower of cost and net realisable value. In respect of work in progress, cost includes direct labour and an appropriate proportion of production overheads based on normal levels of activity. Where contracts extend beyond the accounting date, work in progress represents the un-invoiced element of work undertaken calculated from costs actually incurred during the year; adjusted for attributable profits and foreseeable losses based on the proportion of the contract value completed at the accounting date. In the opinion of the directors, this policy allows the financial statements to reflect a fair assessment of the company's activities actually undertaken during the year, rather than simply recording the results based on the contracts completed at the end of the financial year.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expenses in the period in which the liability to transfer economic benefit arises.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

4 Average number of employees

The average number of persons employed by the company during the year was
21
(2022:
22.00
).

5 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 April 2022
291,429
 
403,623
 
695,052
 
Additions -  
160,402
 
160,402
 
Disposals -  
(87,582
)
(87,582
)
At
31 March 2023
291,429
 
476,443
 
767,872
 
Depreciation      
At
1 April 2022
85,404
 
289,032
 
374,436
 
Charge
4,829
 
54,730
 
59,559
 
Disposals -  
(86,724
)
(86,724
)
At
31 March 2023
90,233
 
257,038
 
347,271
 
Carrying amount      
At
31 March 2023
201,196
 
219,405
 
420,601
 
At 31 March 2022
206,025
 
114,591
 
320,616
 
Included in land and buildings is an amount of £50,000 for the cost of land that is not subject to depreciation (31st March 2022 : £50,000).

6 Debtors

20232022
££
Trade debtors
2,088,966
 
1,448,400
 
Other debtors
60,980
 
30,082
 
2,149,946
 
1,478,482
 
The debtors above include the following amounts falling due after more than one year:
20232022
££
Trade debtors
66,962
 
67,807
 

7 Creditors: amounts falling due within one year

20232022
££
Trade creditors
1,386,977
 
987,892
 
Taxation and social security
188,648
 
173,974
 
Other creditors
596,973
 
626,012
 
2,172,598
 
1,787,878
 

8 Creditors: amounts falling due after more than one year

20232022
££
Trade creditors
22,545
 
22,966
 

9 Deferred taxation

The deferred tax account consists of the tax effect of timing differences in respect of :
Accelerated capital allowances £54,851 (2022: £21,772)
Retentions carried forward £16,564 (2022: £11,372)

10 Share capital

Ordinary shares shares of £ 1.00 each : 1,650 (2022: 1,650)

11 Controlling party

The company is under the control of the directors and shareholders.