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REGISTERED NUMBER: 06826320 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

FOR

AROLITE LIMITED

AROLITE LIMITED (REGISTERED NUMBER: 06826320)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AROLITE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: D V Khanna
Mrs S Foster





REGISTERED OFFICE: Venture Court
2 Debdale Road
Wellingborough
Northamptonshire
NN8 5AA





REGISTERED NUMBER: 06826320 (England and Wales)





ACCOUNTANTS: ISIS Business Solutions (Northants) LLP
Venture Court
2 Debdale Road
Wellingborough
Northamptonshire
NN8 5AA

AROLITE LIMITED (REGISTERED NUMBER: 06826320)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,569 29,841
34,569 29,841

CURRENT ASSETS
Stocks 15,206 16,782
Debtors 5 575,143 654,296
Cash at bank 300,497 331,403
890,846 1,002,481
CREDITORS
Amounts falling due within one year 6 504,960 559,960
NET CURRENT ASSETS 385,886 442,521
TOTAL ASSETS LESS CURRENT LIABILITIES 420,455 472,362

CREDITORS
Amounts falling due after more than one
year

7

(93,333

)

(146,667

)

PROVISIONS FOR LIABILITIES (6,568 ) (5,670 )
NET ASSETS 320,554 320,025

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 320,454 319,925
SHAREHOLDERS' FUNDS 320,554 320,025

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

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

AROLITE LIMITED (REGISTERED NUMBER: 06826320)

BALANCE SHEET - continued
31ST MARCH 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 6th November 2023 and were signed on its behalf by:





D V Khanna - Director


AROLITE LIMITED (REGISTERED NUMBER: 06826320)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

Arolite Limited 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.

Turnover
The company`s turnover represents the value, excluding value added tax, of goods and services supplied to customers during the year. None of the company`s turnover relates to exports.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

AROLITE LIMITED (REGISTERED NUMBER: 06826320)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st April 2022 16,461 28,431 44,892
Additions 13,477 2,705 16,182
At 31st March 2023 29,938 31,136 61,074
DEPRECIATION
At 1st April 2022 2,681 12,370 15,051
Charge for year 4,133 7,321 11,454
At 31st March 2023 6,814 19,691 26,505
NET BOOK VALUE
At 31st March 2023 23,124 11,445 34,569
At 31st March 2022 13,780 16,061 29,841

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 483,477 568,694
Other debtors 91,666 85,602
575,143 654,296

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 40,000 26,667
Trade creditors 236,329 281,006
Taxation and social security 101,853 100,796
Other creditors 126,778 151,491
504,960 559,960

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 93,333 146,667

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other creditors falling under one year is an amount owing to the directors of £474 (2022: £63).There are no repayment terms involved.

AROLITE LIMITED (REGISTERED NUMBER: 06826320)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

9. RELATED PARTY DISCLOSURES

Mr D V Khanna is a director and shareholder of both Arolite Limited and Axis Equipment Limited. As at 31 March 2023 the company owed Axis Equipment Limited £3,297 (2022: £3,297) being a trade debt. At the year end Axis Equipment Limited owed Arolite Limited £35,228 (2022: £36,228) being an inter company debt.