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Company registration number:
00854266
A.R. Calvert (Leyburn) Limited
Unaudited Filleted Financial Statements for the year ended
31 December 2023
A.R. Calvert (Leyburn) Limited
Statement of Financial Position
31 December 2023
20232022
Note££
Fixed assets    
Tangible assets 5
1,651,902
 
1,709,828
 
Investments 6
750
 
750
 
1,652,652
 
1,710,578
 
Current assets    
Stocks
475,297
 
320,059
 
Debtors 7
815,089
 
711,652
 
Cash at bank and in hand
661,419
 
885,515
 
1,951,805
 
1,917,226
 
Creditors: amounts falling due within one year 8
(419,474
)
(665,217
)
Net current assets
1,532,331
 
1,252,009
 
Total assets less current liabilities 3,184,983   2,962,587  
Provisions for liabilities
(57,628
)
(47,258
)
Net assets
3,127,355
 
2,915,329
 
Capital and reserves    
Called up share capital
1,000
 
1,000
 
Profit and loss account
3,126,355
 
2,914,329
 
Shareholders funds
3,127,355
 
2,915,329
 
For the year ending
31 December 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
24 July 2024
, and are signed on behalf of the board by:
P Sadler
Director
Company registration number:
00854266
A.R. Calvert (Leyburn) Limited
Notes to the Financial Statements
Year ended
31 December 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Leyburn Business Park
,
Harmby Road
,
Leyburn
,
North Yorkshire
,
DL8 5QA
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Land and buildings
2% straight line
Plant and machinery
10% reducing balance
Motor vehicles
15% reducing balance

Fixed asset investments

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in subsidiaries, associates and joint ventures accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income or profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the entity will comply with the conditions attaching to them and the grants will be received.
Government grants are recognised using the accrual model and the performance model.
Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.
Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
27
(2022:
28
).

5 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 January 2023
1,845,615
 
562,581
 
2,408,196
 
Additions -  
10,904
 
10,904
 
Disposals -  
(9,250
)
(9,250
)
At
31 December 2023
1,845,615
 
564,235
 
2,409,850
 
Depreciation      
At
1 January 2023
387,542
 
310,826
 
698,368
 
Charge
36,680
 
28,661
 
65,341
 
Disposals -  
(5,761
)
(5,761
)
At
31 December 2023
424,222
 
333,726
 
757,948
 
Carrying amount      
At
31 December 2023
1,421,393
 
230,509
 
1,651,902
 
At 31 December 2022
1,458,073
 
251,755
 
1,709,828
 

6 Investments

Shares in group undertakings and participating interests
£
Cost  
At
1 January 2023
750
 
At
31 December 2023
750
 
Impairment  
At
1 January 2023
and
31 December 2023
-  
Carrying amount  
At
31 December 2023
750
 
At 31 December 2022
750
 

7 Debtors

20232022
££
Trade debtors
334,229
 
230,215
 
Amounts owed by group undertakings and undertakings in which the company has a participating interest
479,350
 
479,350
 
Other debtors
1,510
 
2,087
 
815,089
 
711,652
 
The debtors above include the following amounts falling due after more than one year:
20232022
££
Amounts owed by group undertakings and undertakings in which the company has a participating interest
479,350
 
479,350
 

8 Creditors: amounts falling due within one year

20232022
££
Trade creditors
71,029
 
206,312
 
Taxation and social security
149,124
 
228,733
 
Other creditors
199,321
 
230,172
 
419,474
 
665,217