Company Registration No. 10008052 (England and Wales)
Arkable Joinery Limited
Unaudited accounts
for the year ended 31 March 2023
Arkable Joinery Limited
Unaudited accounts
Contents
Arkable Joinery Limited
Company Information
for the year ended 31 March 2023
Director
Sean Stephen Napp
Company Number
10008052 (England and Wales)
Registered Office
78 Beckenham Road
Beckenham
Kent
BR3 4RH
England
Accountants
King & Taylor
123 Cross Lane East
Gravesend
Kent
DA12 5HA
Arkable Joinery Limited
Statement of financial position
as at 31 March 2023
Tangible assets
12,155
15,279
Cash at bank and in hand
4,461
1,135
Creditors: amounts falling due within one year
(14,958)
(20,829)
Net current liabilities
(4,773)
(9,594)
Total assets less current liabilities
7,382
5,685
Creditors: amounts falling due after more than one year
(6,893)
(8,144)
Net assets/(liabilities)
489
(2,459)
Called up share capital
1
1
Profit and loss account
488
(2,460)
Shareholders' funds
489
(2,459)
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 director acknowledges his 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 and authorised for issue on 24 November 2023 and were signed on its behalf by
Sean Stephen Napp
Director
Company Registration No. 10008052
Arkable Joinery Limited
Notes to the Accounts
for the year ended 31 March 2023
Arkable Joinery Limited is a private company, limited by shares, registered in England and Wales, registration number 10008052. The registered office is 78 Beckenham Road, Beckenham, Kent, BR3 4RH, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
20% straight line
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.
Arkable Joinery Limited
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
4,260
17,148
800
22,208
At 31 March 2023
4,260
17,148
1,299
22,707
At 1 April 2022
1,846
4,287
796
6,929
Charge for the year
362
3,215
46
3,623
At 31 March 2023
2,208
7,502
842
10,552
At 31 March 2023
2,052
9,646
457
12,155
At 31 March 2022
2,414
12,861
4
15,279
Amounts falling due within one year
Trade debtors
5,624
10,000
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
1,686
1,816
Loans from directors
11,546
19,013
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).