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Company registration number:11375503
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AR TRADING (MIDLANDS) LTD
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 November 2023 |
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AR TRADING (MIDLANDS) LTD |
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BALANCE SHEET |
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AS AT 30 November 2023
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2023 |
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2022 |
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Notes |
£ |
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£ |
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£ |
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£ |
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FIXED ASSETS | | | | | | | | | | | |
Intangible assets | | | 3 | | | 18,000 | | | | 18,720 | |
Tangible assets | | | 4 | | | 680 | | | | 800 | |
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| | | | | | | 18,680 | | | | 19,520 | |
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CURRENT ASSETS |
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Stocks | | | | 1,300 | | | | 1,500 | | | | |
Debtors | | | 5 | 10,294 | | | | 11,338 | | | | |
Cash at bank and in hand | | | | 7,636 | | | | 12,221 | | | | |
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| | | | | 19,230 | | | | 25,059 | | | |
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CREDITORS |
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Amounts falling due within one year |
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6 |
(97,553) |
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(92,294) |
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NET CURRENT ASSETS |
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(78,323) |
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(67,235) |
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TOTAL ASSETS LESS |
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CURRENT LIABILITIES |
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(59,643) |
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(47,715) |
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Creditors falling due after one year | | 7 | | | (6,098) | | | | (9,803) | |
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PROVISIONS FOR LIABILITIES | | | | | (129) | | | | (152) | |
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NET ASSETS |
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(65,870) |
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(57,670) |
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CAPITAL AND RESERVES |
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Called-up equity share capital |
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8 |
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100 |
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100 |
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Profit and loss account |
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(65,970) |
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(57,770) |
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SHAREHOLDERS FUNDS |
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(65,870) |
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(57,670) |
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For the year ending 30 November 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. | | | | | | | |
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The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. | | | | | | | |
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts. | | | | | | | |
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These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. Approved by the board of directors on 6 August 2024 and signed on its behalf. | | | | | | | |
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The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies' regime. | | | | | | | |
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.......................................................................... |
Mr Anhi To |
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6 August 2024
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The annexed notes form part of these financial statements. | | | | | | | |
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AR TRADING (MIDLANDS) LTD | | | | | | |
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STATEMENT OF CHANGES IN EQUITY | | | | | | |
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FOR THE YEAR ENDED 30 NOVEMBER 2023 | | |
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Share |
Share |
P and L |
Revaluation |
Other |
Total |
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Capital |
Premium |
Account |
reserve |
reserves |
equity |
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£ |
£ |
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£ |
£ |
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Balance at 1 December 2021 | | 100 | 0 | (52,084) | 0 | 0 | (51,984) |
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Changes in equity | | | | | | | | | | |
Total Comprehensive Income | | 0 | 0 | (5,686) | 0 | 0 | (5,686) |
Balance at 30 November 2022 | | 100 | 0 | (57,770) | 0 | 0 | (57,670) |
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Changes in equity | | | | | | | | | | |
Total comprehensive income | | 0 | 0 | (8,200) | 0 | 0 | (8,200) |
Balance at 30 November 2023 | | 100 | 0 | (65,970) | 0 | 0 | (65,870) |
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AR TRADING (MIDLANDS) LTD |
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NOTES TO THE FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 NOVEMBER 2023 |
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1. |
Accounting policies |
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| Statutory information | | | | | | | |
| The company is registered in England and its registered number is 11375503. The company is a private company limited by shares. Its registered office is Unit R1 Priory Place, Fairfax Street, Coventry, | |
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Basis of preparing the financial statements |
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The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
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| Turnover | | | | | | | | | |
| Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer. | |
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| Fixed Assets | | | | | | | | |
| Tangible fixed assets are stated at cost less depreciation Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Fixtures and fittings 15% reducing balance basis | |
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| Stocks and Work In Progress | | | | | | | |
| Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost. | |
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| Government grants | | | | | | | |
| The Omicron Hospitality and Leisure Grant, and also the other Coronavirus grants from the council, are recognised as in the Period in which it becomes receivable. |
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| Deferred Taxation | | | | | | | | |
| Deferred tax is provided on the liability method take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences. | |
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| Pension Scheme | | | | | | | | |
| The company operates a defined contribution pension scheme, NEST pension scheme, and the pension charge represents the amounts payable by the company to the fund in respect of the year. | |
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| Lease | | | | | | | |
| Lease is being written off in equal instalments over a period of 30 years. |
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2. | Employees | | | |
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| The average number of persons employed by the company (including directors) during the year was 3. |
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3. | Intangible fixed assets | | | | | | | | | |
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Other |
Total |
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| Cost | | | | | | | | | | |
| At start of period | |
21,600 |
21,600 |
| At end of period | |
21,600 |
21,600 |
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| Amortisation | | | | | | | | | | |
| At start of period | |
2,880 |
2,880 |
| Provided during the period | |
720 |
720 |
| At end of period | |
3,600 |
3,600 |
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| Net Book Values | | | | | | | | | |
| At start of period | |
18,720 |
18,720 |
| At end of period | |
18,000 |
18,000 |
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| 'Other' refers to the Lease of the business. |
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4. | Tangible fixed assets | | | | | | | | | |
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F and F |
Total |
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| Cost | | | | | | | | | | |
| At start of period | |
1,529 |
1,529 | |
| At end of period | |
1,529 |
1,529 | |
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| Depreciation | | | | | | | | | | |
| At start of period | |
729 |
729 | |
| Provided during the period |
120 |
120 | |
| At end of period | |
849 |
849 | |
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| Net Book Value | | | | | | | | | |
| At start of period | |
800 |
800 | |
| At end of period | |
680 |
680 | |
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5. | Debtors | | | | | | | |
| | | | | 2023 | 2022 | | | |
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| Due within one year | | | | | | | |
| Prepayments and accrued income | | 10,294 | 11,338 | | | |
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| | | | | 10,294 | 11,338 | | | |
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6. | Creditors due within one year | | | | | |
| | | | | 2023 | 2022 | | |
| | | | | £ | £ | | |
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| Bank Loans and Overdrafts | | | 4,228 | 4,327 | | |
| Other taxes and social security costs | | 5,408 | 4,490 | | |
| Accruals and deferred income | | 5,651 | 2,778 | | |
| Loan from directors | | | 82,266 | 80,699 | | |
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| | | | | 97,553 | 92,294 | | |
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7. | Creditors due after one year | | | | | |
| | | | | 2023 | 2022 | | |
| | | | | £ | £ | | |
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| Bank Loans | | 6,098 | 9,803 | | |
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| | | | | 6,098 | 9,803 | | |
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8. |
Share capital |
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Alloted, Issued and fully paid |
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2023 |
2022 |
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£ |
£ |
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| Ordinary shares of £1 each | | | 100 | 100 | | | |
| Total issued share capital | | | 100 | 100 | | | |
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9. | Related Party Transactions | | | | | | | | |
| There were no related party transactions in which the director has a direct and material interest. | |
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