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REGISTERED NUMBER: 02035418 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2023

for

John Arnold Commercials Limited

John Arnold Commercials Limited (Registered number: 02035418)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


John Arnold Commercials Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J Arnold
Miss H Arnold
Miss S Arnold





REGISTERED OFFICE: Spectrum House
2B Suttons Lane
Hornchurch
Essex
RM12 6RJ





REGISTERED NUMBER: 02035418 (England and Wales)





ACCOUNTANTS: Johal & Company
Chartered Certified Accountants
& Registered Auditors
Spectrum House
2B Suttons Lane
Hornchurch
Essex
RM12 6RJ

John Arnold Commercials Limited (Registered number: 02035418)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 535,714 653,188
Investments 6 2 -
535,716 653,188

CURRENT ASSETS
Stocks 601,505 844,060
Debtors 7 2,407,506 986,781
Cash at bank and in hand 1,191,299 1,394,444
4,200,310 3,225,285
CREDITORS
Amounts falling due within one year 8 883,835 940,043
NET CURRENT ASSETS 3,316,475 2,285,242
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,852,191

2,938,430

CREDITORS
Amounts falling due after more than one year 9 469,250 50,728
NET ASSETS 3,382,941 2,887,702

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 3,332,941 2,837,702
SHAREHOLDERS' FUNDS 3,382,941 2,887,702

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

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

John Arnold Commercials Limited (Registered number: 02035418)

Statement of Financial Position - continued
31 December 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 Board of Directors and authorised for issue on 16 August 2024 and were signed on its behalf by:





Miss H Arnold - Director


John Arnold Commercials Limited (Registered number: 02035418)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

John Arnold Commercials 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of four years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.
Short leasehold - Straight line over 20 years
Plant and machinery - 10% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 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 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 statement of financial position date.


John Arnold Commercials Limited (Registered number: 02035418)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 46 (2022 - 38 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 214,150
AMORTISATION
At 1 January 2023
and 31 December 2023 214,150
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

John Arnold Commercials Limited (Registered number: 02035418)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 January 2023 92,984 513,563 153,397
Additions - 3,809 -
Disposals - - -
At 31 December 2023 92,984 517,372 153,397
DEPRECIATION
At 1 January 2023 20,616 380,883 143,729
Charge for year 4,650 35,537 5,114
Eliminated on disposal - - -
At 31 December 2023 25,266 416,420 148,843
NET BOOK VALUE
At 31 December 2023 67,718 100,952 4,554
At 31 December 2022 72,368 132,680 9,668

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 1,103,906 55,925 1,919,775
Additions 234,609 10,248 248,666
Disposals (204,155 ) - (204,155 )
At 31 December 2023 1,134,360 66,173 1,964,286
DEPRECIATION
At 1 January 2023 671,621 49,738 1,266,587
Charge for year 125,134 3,685 174,120
Eliminated on disposal (12,135 ) - (12,135 )
At 31 December 2023 784,620 53,423 1,428,572
NET BOOK VALUE
At 31 December 2023 349,740 12,750 535,714
At 31 December 2022 432,285 6,187 653,188

John Arnold Commercials Limited (Registered number: 02035418)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 98,349 10,595 272,921 381,865
Additions - - 163,981 163,981
At 31 December 2023 98,349 10,595 436,902 545,846
DEPRECIATION
At 1 January 2023 88,514 10,595 255,311 354,420
Charge for year 9,835 - 35,670 45,505
At 31 December 2023 98,349 10,595 290,981 399,925
NET BOOK VALUE
At 31 December 2023 - - 145,921 145,921
At 31 December 2022 9,835 - 17,610 27,445

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 2
At 31 December 2023 2
NET BOOK VALUE
At 31 December 2023 2

This company has acquired John Arnold Commercials Northampton Limited (12297374) as a subsidiary and owns 100% of the shares.

Because the group is considered a small group, as per section 399(2) of the Companies Act 2006, they are not required to prepare consolidated accounts.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 1,366,927 917,992
Other debtors 1,040,579 68,789
2,407,506 986,781

John Arnold Commercials Limited (Registered number: 02035418)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 59,555 -
Hire purchase contracts 47,789 101,523
Trade creditors 396,752 465,794
Taxation and social security 367,739 360,726
Other creditors 12,000 12,000
883,835 940,043

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 403,156 -
Hire purchase contracts 66,094 50,728
469,250 50,728