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REGISTERED NUMBER: 02465571 (England and Wales)













ARLINGTON BUILDERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






ARLINGTON BUILDERS LIMITED (REGISTERED NUMBER: 02465571)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


ARLINGTON BUILDERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: P Righelato





SECRETARY: A C Righelato





REGISTERED OFFICE: 118 Woodsford Square
London
W14 8DT





REGISTERED NUMBER: 02465571 (England and Wales)





ACCOUNTANTS: John Crook & Partners
Chartered Accountants
255 Green Lanes
Palmers Green
London
N13 4XE

ARLINGTON BUILDERS LIMITED (REGISTERED NUMBER: 02465571)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 376,309 360,279

CURRENT ASSETS
Stocks 34,722 757,681
Debtors 5 422,678 516,616
Investments 6 10,211 10,211
Cash at bank and in hand 942,151 4,631
1,409,762 1,289,139
CREDITORS
Amounts falling due within one year 7 322,226 355,737
NET CURRENT ASSETS 1,087,536 933,402
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,463,845

1,293,681

PROVISIONS FOR LIABILITIES 9 60,286 56,694
NET ASSETS 1,403,559 1,236,987

CAPITAL AND RESERVES
Called up share capital 10 2 2
Fair value reserve 11 235,416 237,911
Retained earnings 1,168,141 999,074
SHAREHOLDERS' FUNDS 1,403,559 1,236,987

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ARLINGTON BUILDERS LIMITED (REGISTERED NUMBER: 02465571)

BALANCE SHEET - continued
31 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 director and authorised for issue on 9 November 2023 and were signed by:





P Righelato - Director


ARLINGTON BUILDERS LIMITED (REGISTERED NUMBER: 02465571)

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

1. STATUTORY INFORMATION

Arlington Builders 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sale of goods, excluding value added tax and sale of properties.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property- 2% on cost
Plant and machinery- 15% on reducing balance
Fixtures and fittings- 15% on reducing balance
Motor vehicles- 25% on reducing balance


No depreciation is provided on freehold land.

Stocks
Stock and work in progress are valued at the lower of cost and net realisable value, apart from long term work in progress which includes the relevant proportion of profit.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Completed work for which invoices had not been rendered at the date of the balance sheet is included at full selling price.

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.

ARLINGTON BUILDERS LIMITED (REGISTERED NUMBER: 02465571)

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

2. ACCOUNTING POLICIES - continued

Leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are capitalised at cost with an equivalent liability categorised under creditors due within or after one year. The total finance charges are allocated over the period of the lease in such a way as to give a reasonably constant charge on the outstanding liability.

Assets held under operating leases are not capitalised and leasing payments are allocated to accounting periods as they are incurred.


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 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 April 2022 350,000 5,400 9,924 46,595 411,919
Additions - - - 35,595 35,595
Disposals - - - (21,500 ) (21,500 )
At 31 March 2023 350,000 5,400 9,924 60,690 426,014
DEPRECIATION
At 1 April 2022 16,511 3,041 8,981 23,107 51,640
Charge for year 2,875 354 142 5,356 8,727
Eliminated on disposal - - - (10,662 ) (10,662 )
At 31 March 2023 19,386 3,395 9,123 17,801 49,705
NET BOOK VALUE
At 31 March 2023 330,614 2,005 801 42,889 376,309
At 31 March 2022 333,489 2,359 943 23,488 360,279

Included in cost or valuation of land and buildings is freehold land of £ 206,225 (2022 - £ 206,225 ) which is not depreciated.

ARLINGTON BUILDERS LIMITED (REGISTERED NUMBER: 02465571)

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

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2023 is represented by:

Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Valuation in 1998 13,746 - - - 13,746
Valuation in 2015 180,000 - - - 180,000
Valuation in 2017 20,000 - - - 20,000
Valuation in 2018 90,000 - - - 90,000
Cost 46,254 5,400 9,924 60,690 122,268
350,000 5,400 9,924 60,690 426,014

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 46,254 46,254
Aggregate depreciation 2,280 1,900

Value of land in freehold land and buildings 27,254 27,254

The freehold property was valued on an open market basis on 26 April 2017 by Glenny LLP .

The director revalued the property at 31 March 2019.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 323,497 352,485
Other debtor 49,404 1,064
Tax 48,982 162,352
Prepayments 795 715
422,678 516,616

6. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Unlisted investments 10,211 10,211

ARLINGTON BUILDERS LIMITED (REGISTERED NUMBER: 02465571)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 197,691
Corporation tax 59,424 39,420
Social security and other taxes 3,551 7,733
Value added tax 17,583 9,169
Other creditors 98,401 31,739
Loan from officer of the company 48,284 11,172
Directors' current accounts 94,983 58,813
322,226 355,737

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdraft - 91,097

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Deferred tax 8,682 5,090
Deferred tax on revaluations 51,604 51,604
60,286 56,694

Deferred
tax
£   
Balance at 1 April 2022 56,694
Profit and loss account 3,592
Balance at 31 March 2023 60,286

Deferred tax is provided in full at the rate of 19.0% (2022 - 19.0%)

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

ARLINGTON BUILDERS LIMITED (REGISTERED NUMBER: 02465571)

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

11. RESERVES
Fair
value
reserve
£   
At 1 April 2022 237,911
Transfer from profit and loss account (2,495 )

At 31 March 2023 235,416

12. RELATED PARTY DISCLOSURES

Arlington Builders Limited is controlled by P & A Righelato who own one ordinary share each.

A joint and several guarantee in the sum of £50,000 has been given by P & A Righelato in respect of the bank borrowings.