Registered number: 04996466 | ||||||||
FOR THE YEAR ENDED 31 MARCH 2023 | ||||||||
Prepared By: | ||||||||
Lever Bros & Co | ||||||||
Chartered Accountants | ||||||||
First Floor ,690 Great West Road | ||||||||
Osterley Village | ||||||||
Isleworth | ||||||||
TW7 4PU |
Array Display Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 MARCH 2023 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 04996466 | ||||||||
ACCOUNTANTS | ||||||||
Lever Bros & Co | ||||||||
Chartered Accountants | ||||||||
First Floor ,690 Great West Road | ||||||||
Osterley Village | ||||||||
Isleworth | ||||||||
TW7 4PU |
Array Display Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31 MARCH 2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Array Display Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
205,520 | 189,892 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT ASSETS / (LIABILITIES) | (2,859) | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 6 | 30,196 | 41,845 | |||||||
NET ASSETS / (LIABILITIES) | ( | |||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Profit and loss account | 5,446 | (24,099) | ||||||||
SHAREHOLDERS' FUNDS | ( | |||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Array Display Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31 MARCH 2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Short Leasehold Properties | reducing balance 15% | |||||||
Plant and Machinery | reducing balance 25% | |||||||
Commercial Vehicles | reducing balance 25% | |||||||
Fixtures and Fittings | reducing balance 15% |
1c. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
1d. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
1e. Foreign Currency | ||||||||
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated. |
1f. Leasing Commitments | ||||||||
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis. |
1g. Statutory Information | ||||||||
Array Display Limited is a private company, limited by shares, incorporated in England and Wales. The company's registered number is 04996466 and registered office address is Office One, Bryants Farm Kiln Road, Dunsden, Reading, England, RG4 9PB. |
Array Display Limited | ||||||||
1h. Financial Instruments | ||||||||
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments. |
1i. Turnover | ||||||||
Turnover is derived from specialised design services supplied by the company, net of value added tax and trade discounts and is recognised when services are rendered. |
1j. Leases | ||||||||
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term. |
2. TANGIBLE FIXED ASSETS | ||||||||||
Short Leasehold | Plant and | Commercial | Fixtures | |||||||
Properties | Machinery | Vehicles | and Fittings | Total | ||||||
£ | £ | £ | £ | £ | ||||||
Cost | ||||||||||
At 1 April 2022 | 18,168 | 38,350 | 66,761 | 17,191 | 140,470 | |||||
Additions | - | 9,356 | - | - | 9,356 | |||||
At 31 March 2023 | 18,168 | 47,706 | 66,761 | 17,191 | 149,826 | |||||
Depreciation | ||||||||||
At 1 April 2022 | 10,727 | 33,645 | 60,363 | 15,030 | 119,765 | |||||
For the year | 1,488 | 3,515 | 1,600 | 324 | 6,927 | |||||
At 31 March 2023 | 12,215 | 37,160 | 61,963 | 15,354 | 126,692 | |||||
Net Book Amounts | ||||||||||
At 31 March 2023 | 5,953 | 10,546 | 4,798 | 1,837 | 23,134 | |||||
At 31 March 2022 | 7,441 | 4,705 | 6,398 | 2,161 | 20,705 | |||||
3. STOCK | 2023 | 2022 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock | ||||||
4. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 137,083 | 116,877 | ||||||
Other debtors | 8,155 | 15,236 | ||||||
Prepayments | 2,188 | 2,188 | ||||||
Directors current account | - | 4,814 | ||||||
147,426 | 139,115 | |||||||
Array Display Limited | ||||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Taxation and social security | 40,797 | 17,570 | ||||||
Salaries and wages control | 1,647 | - | ||||||
Directors current account | 6,936 | - | ||||||
Bank Loan | 6,000 | 5,000 | ||||||
Trade creditors | 131,946 | 41,444 | ||||||
Other creditors | 285 | 1,679 | ||||||
Pension schemes | 3,618 | 1,796 | ||||||
Accruals | 1,683 | 1,693 | ||||||
192,912 | 69,182 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Bank loans | 30,196 | 41,845 | ||||||
30,196 | 41,845 | |||||||
7. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 7 | |||||
8. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
100 | 100 | |||||||
100 | 100 | |||||||
9. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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