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REGISTERED NUMBER: 00181634 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

ARTHUR HEATH & CO.,LIMITED

ARTHUR HEATH & CO.,LIMITED (REGISTERED NUMBER: 00181634)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ARTHUR HEATH & CO.,LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: T Bishop



SECRETARY: S Pennington



REGISTERED OFFICE: Unit 1 Civic Industrial Estate
Homefield Road
Haverhill
Suffolk
CB9 8QP



REGISTERED NUMBER: 00181634 (England and Wales)



ACCOUNTANTS: William Evans & Partners
20 Harcourt Street
London
W1H 4HG



BANKERS: Barclays Bank plc
Maidstone Corporate Banking Centre
PO Box 703
Maidstone
Kent
ME14 1DQ

ARTHUR HEATH & CO.,LIMITED (REGISTERED NUMBER: 00181634)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 262,000 294,750
Tangible assets 5 15,420 24,122
277,420 318,872

CURRENT ASSETS
Stocks 561,817 449,894
Debtors 6 155,748 235,728
Cash at bank and in hand 47,448 41,856
765,013 727,478
CREDITORS
Amounts falling due within one year 7 (100,479 ) (158,538 )
NET CURRENT ASSETS 664,534 568,940
TOTAL ASSETS LESS CURRENT
LIABILITIES

941,954

887,812

CREDITORS
Amounts falling due after more than one
year

8

(20,417

)

-
NET ASSETS 921,537 887,812

CAPITAL AND RESERVES
Called up share capital 7,750 7,750
Capital redemption reserve 2,250 2,250
Other reserves 572 572
Retained earnings 910,965 877,240
SHAREHOLDERS' FUNDS 921,537 887,812

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ARTHUR HEATH & CO.,LIMITED (REGISTERED NUMBER: 00181634)

BALANCE SHEET - continued
30 SEPTEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 March 2024 and were signed by:





T Bishop - Director


ARTHUR HEATH & CO.,LIMITED (REGISTERED NUMBER: 00181634)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Arthur Heath & Co.,Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - at varying rates on cost

(the percentage rates vary between 5% and 20%)

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 Income Statement, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
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.

ARTHUR HEATH & CO.,LIMITED (REGISTERED NUMBER: 00181634)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2. ACCOUNTING POLICIES - continued

Revenue recognition
Sales are recognised when goods are dispatched to customers and cost of goods are recorded to match sales of stock at the year end. Cost of goods includes processing costs which are carried out by the company. Administration costs are dealt with on a basis attributing them to the year in the appropriate manner. Bad debts are allowed for on an account by account basis, provision being made on an assessment of risk. Cost of stock is derived from comprehensive records, as modified for adjustments in accordance with periodic physical counts. The valuation of stock at cost may be revised to a valuation below cost to the extent that it is expected to sell below cost. Except as indicated above, estimation has no material effect on the accounts.

Going concern
The directors review the company's trading performance as indicated by management accounts and other current data, including order levels then existing and assessment of bad debts, at the time of approving these accounts. Subject to there being no indication of withdrawal of finance facilities by the company's bank or such a withdrawal without alternative arrangements being made, the directors decide whether any alteration to the accounts should be made, or additional information presented, to adequately deal with any doubts arising as to the appropriateness of the company being classed as a going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 81,024
At 30 September 2023 81,024
DEPRECIATION
At 1 October 2022 56,902
Charge for year 8,702
At 30 September 2023 65,604
NET BOOK VALUE
At 30 September 2023 15,420
At 30 September 2022 24,122

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 133,764 198,821
Other debtors 21,984 36,907
155,748 235,728

ARTHUR HEATH & CO.,LIMITED (REGISTERED NUMBER: 00181634)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 29,166 -
Trade creditors 38,692 65,604
Taxation and social security 21,452 55,704
Other creditors 11,169 37,230
100,479 158,538

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 20,417 -

9. ULTIMATE CONTROLLING PARTY

Mr T Bishop, the managing director, is the ultimate controlling party by virtue of his 91% shareholding in the company.