ARROW TOOLS (UK) LIMITED

Company Registration Number:
02685705 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2023

Period of accounts

Start date: 01 March 2022

End date: 28 February 2023

ARROW TOOLS (UK) LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2023

Balance sheet
Notes

ARROW TOOLS (UK) LIMITED

Balance sheet

As at 28 February 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 258,002 144,904
Total fixed assets: 258,002 144,904
Current assets
Stocks: 53,867 54,741
Debtors:   448,392 428,041
Cash at bank and in hand: 351,022 429,713
Total current assets: 853,281 912,495
Creditors: amounts falling due within one year:   (365,039) (337,357)
Net current assets (liabilities): 488,242 575,138
Total assets less current liabilities: 746,244 720,042
Provision for liabilities: (63,210) (27,532)
Total net assets (liabilities): 683,034 692,510
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 683,032 692,508
Shareholders funds: 683,034 692,510

The notes form part of these financial statements

ARROW TOOLS (UK) LIMITED

Balance sheet statements

For the year ending 28 February 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 19 July 2023
and signed on behalf of the board by:

Name: CLIVE RICHARD NAGLE
Status: Director

The notes form part of these financial statements

ARROW TOOLS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the value of goods and services, less returns and discounts, invoiced to customers during the year and excludes value added tax.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided so as to write off the cost of fixed assets equally over their estimated useful lives, the annual rates of depreciation being as follows: Heavy plant & machinery 20% on cost; Motor vehicles 25% on cost; Office equipment 20% on cost

Valuation and information policy

Stock is valued at the lower of cost and estimated selling price less costs to sell, after making due allowance for obsolete and slow-moving items. Cost is actual invoice price.

Other accounting policies

Provision is made at current rates for taxation deferred in respect of all material timing differences except to the extent that, in the opinion of the directors, there is reasonable probability that the liability will not arise in the foreseeable future.

ARROW TOOLS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

2. Employees

2023 2022
Average number of employees during the period 33 33

ARROW TOOLS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Tangible Assets

Total
Cost £
At 01 March 2022 508,846
Additions 231,442
Disposals (139,837)
At 28 February 2023 600,451
Depreciation
At 01 March 2022 363,942
Charge for year 94,713
On disposals (116,206)
At 28 February 2023 342,449
Net book value
At 28 February 2023 258,002
At 28 February 2022 144,904