Company Registration No. 11947823 (England and Wales)
Arborez Ltd
Unaudited accounts
for the year ended 30 September 2023
Arborez Ltd
Unaudited accounts
Contents
Arborez Ltd
Company Information
for the year ended 30 September 2023
Company Number
11947823 (England and Wales)
Registered Office
56 Gray Street
Lincoln
Lincolnshire
LN1 3HL
England
Accountants
Future Cloud Accounting Limited
14 Halifax Court
Fernwood Business Centre
Newark
Nottinghamshire
NG24 3JP
Arborez Ltd
Statement of financial position
as at 30 September 2023
Tangible assets
130,465
140,575
Cash at bank and in hand
9,709
11,333
Creditors: amounts falling due within one year
(107,223)
(21,919)
Net current (liabilities)/assets
(86,066)
3,974
Total assets less current liabilities
44,399
144,549
Creditors: amounts falling due after more than one year
(17,368)
(88,126)
Provisions for liabilities
Deferred tax
(25,750)
(21,240)
Called up share capital
100
100
Profit and loss account
1,181
35,083
Shareholders' funds
1,281
35,183
For the year ending 30 September 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 6 February 2024 and were signed on its behalf by
Erik Eglinton
Director
Company Registration No. 11947823
Arborez Ltd
Notes to the Accounts
for the year ended 30 September 2023
Arborez Ltd is a private company, limited by shares, registered in England and Wales, registration number 11947823. The registered office is 56 Gray Street, Lincoln, Lincolnshire, LN1 3HL, 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.
These financial statements for the year ended 30 September 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 October 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
20% Reducing Balance
Motor vehicles
25% Reducing Balance
Computer equipment
20% Reducing Balance
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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Arborez Ltd
Notes to the Accounts
for the year ended 30 September 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2022
159,855
66,273
2,603
228,731
Additions
30,330
-
541
30,871
Disposals
-
(12,041)
(1,374)
(13,415)
At 30 September 2023
190,185
54,232
1,770
246,187
At 1 October 2022
58,136
29,438
582
88,156
Charge for the year
24,005
8,141
312
32,458
On disposals
-
(4,487)
(405)
(4,892)
At 30 September 2023
82,141
33,092
489
115,722
At 30 September 2023
108,044
21,140
1,281
130,465
At 30 September 2022
101,719
36,835
2,021
140,575
Amounts falling due within one year
Trade debtors
6,224
10,325
Accrued income and prepayments
5,224
4,235
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,077
10,000
Trade creditors
1,848
2,301
Taxes and social security
9,839
8,812
7
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
-
60,780
8
Average number of employees
During the year the average number of employees was 6 (2022: 4).