IRIS Accounts Production v23.1.5.20 08538183 Board of Directors 1.6.22 31.5.23 31.5.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh085381832022-05-31085381832023-05-31085381832022-06-012023-05-31085381832021-05-31085381832021-06-012022-05-31085381832022-05-3108538183ns15:EnglandWales2022-06-012023-05-3108538183ns14:PoundSterling2022-06-012023-05-3108538183ns10:Director12022-06-012023-05-3108538183ns10:PrivateLimitedCompanyLtd2022-06-012023-05-3108538183ns10:SmallEntities2022-06-012023-05-3108538183ns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3108538183ns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3108538183ns10:SmallCompaniesRegimeForAccounts2022-06-012023-05-3108538183ns10:FullAccounts2022-06-012023-05-3108538183ns10:OrdinaryShareClass12022-06-012023-05-3108538183ns10:Director22022-06-012023-05-3108538183ns10:RegisteredOffice2022-06-012023-05-3108538183ns5:CurrentFinancialInstruments2023-05-3108538183ns5:CurrentFinancialInstruments2022-05-3108538183ns5:Non-currentFinancialInstruments2023-05-3108538183ns5:Non-currentFinancialInstruments2022-05-3108538183ns5:ShareCapital2023-05-3108538183ns5:ShareCapital2022-05-3108538183ns5:RetainedEarningsAccumulatedLosses2023-05-3108538183ns5:RetainedEarningsAccumulatedLosses2022-05-3108538183ns5:OwnedOrFreeholdAssetsns5:LandBuildings2022-06-012023-05-3108538183ns5:LeaseholdImprovements2022-06-012023-05-3108538183ns5:PlantMachinery2022-06-012023-05-3108538183ns5:FurnitureFittings2022-06-012023-05-3108538183ns5:MotorVehicles2022-06-012023-05-3108538183ns5:ComputerEquipment2022-06-012023-05-3108538183ns5:LandBuildings2022-05-3108538183ns5:PlantMachinery2022-05-3108538183ns5:LandBuildings2022-06-012023-05-3108538183ns5:LandBuildings2023-05-3108538183ns5:PlantMachinery2023-05-3108538183ns5:LandBuildings2022-05-3108538183ns5:PlantMachinery2022-05-3108538183ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-05-3108538183ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-05-3108538183ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-06-012023-05-3108538183ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-05-3108538183ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3108538183ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-3108538183ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3108538183ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-3108538183ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-05-3108538183ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2022-05-3108538183ns5:HirePurchaseContracts2023-05-3108538183ns5:HirePurchaseContracts2022-05-3108538183ns5:WithinOneYear2023-05-3108538183ns5:WithinOneYear2022-05-3108538183ns5:Secured2023-05-3108538183ns5:Secured2022-05-3108538183ns10:OrdinaryShareClass12023-05-31
REGISTERED NUMBER: 08538183 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

AR CONTROLS LTD

AR CONTROLS LTD (REGISTERED NUMBER: 08538183)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AR CONTROLS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: A Ramsey
Y N Ramsey





REGISTERED OFFICE: Unit 4
Sunrise Enterprise Park
Ferryboat Lane
Sunderland
SR5 3RX





REGISTERED NUMBER: 08538183 (England and Wales)





ACCOUNTANTS: Ribchesters
Chartered Accountants
Finchale House
Belmont Business Park
Durham
DH1 1TW

AR CONTROLS LTD (REGISTERED NUMBER: 08538183)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 941,260 972,479

CURRENT ASSETS
Stocks 87,500 87,500
Debtors 5 517,517 312,778
Cash at bank and in hand 266,559 62,412
871,576 462,690
CREDITORS
Amounts falling due within one year 6 680,131 403,491
NET CURRENT ASSETS 191,445 59,199
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,132,705

1,031,678

CREDITORS
Amounts falling due after more than one
year

7

(461,717

)

(569,620

)

PROVISIONS FOR LIABILITIES (53,942 ) -
NET ASSETS 617,046 462,058

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 616,946 461,958
SHAREHOLDERS' FUNDS 617,046 462,058

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

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

AR CONTROLS LTD (REGISTERED NUMBER: 08538183)

BALANCE SHEET - continued
31 MAY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 January 2024 and were signed on its behalf by:





A Ramsey - Director


AR CONTROLS LTD (REGISTERED NUMBER: 08538183)

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

1. STATUTORY INFORMATION

AR Controls Ltd 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Property improvements - 15% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

AR CONTROLS LTD (REGISTERED NUMBER: 08538183)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 24 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2022 796,040 568,778 1,364,818
Additions - 16,805 16,805
Disposals - (6,031 ) (6,031 )
At 31 May 2023 796,040 579,552 1,375,592
DEPRECIATION
At 1 June 2022 59,935 332,404 392,339
Charge for year 10,614 34,380 44,994
Eliminated on disposal - (3,001 ) (3,001 )
At 31 May 2023 70,549 363,783 434,332
NET BOOK VALUE
At 31 May 2023 725,491 215,769 941,260
At 31 May 2022 736,105 236,374 972,479

AR CONTROLS LTD (REGISTERED NUMBER: 08538183)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 June 2022 246,751
Transfer to ownership (25,508 )
At 31 May 2023 221,243
DEPRECIATION
At 1 June 2022 96,868
Charge for year 11,663
Transfer to ownership (7,472 )
At 31 May 2023 101,059
NET BOOK VALUE
At 31 May 2023 120,184
At 31 May 2022 149,883

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 515,631 198,804
Other debtors 1,886 113,974
517,517 312,778

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 26,400 30,000
Hire purchase contracts (see note 8) 11,528 27,690
Trade creditors 313,945 130,051
Taxation and social security 196,086 118,428
Other creditors 132,172 97,322
680,131 403,491

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 310,645 335,318
Hire purchase contracts (see note 8) 61,869 73,271
Other creditors 89,203 161,031
461,717 569,620

AR CONTROLS LTD (REGISTERED NUMBER: 08538183)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Mortgage more 5 yr by instal 205,045 215,318

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 11,528 27,690
Between one and five years 61,869 73,271
73,397 100,961

Non-cancellable operating leases
2023 2022
£    £   
Within one year 6,084 2,507

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 73,397 100,961
Bank loans 337,045 366,592
410,442 467,553

Bank loans are secured by way of a fixed charge over the company's Freehold Property and a floating charge over other assets.

Hire purchase contracts are secured on the assets to which they relate.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

11. RELATED PARTY DISCLOSURES

During the year the directors maintained an interest free loan to the company. At 31 May 2023 the balance on the loan was £21,766 (2022: £736).