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REGISTERED NUMBER: 02377673 (England and Wales)















Financial Statements for the Period 1 April 2023 to 31 December 2023

for

Arrow Butler Castings Limited

Arrow Butler Castings Limited (Registered number: 02377673)

Contents of the Financial Statements
for the period 1 April 2023 to 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Arrow Butler Castings Limited

Company Information
for the period 1 April 2023 to 31 December 2023







DIRECTORS: T D Brooksbank
J L Frewin
E A Kolodner





REGISTERED OFFICE: Station Road
Chesterfield
Derbyshire
S41 9ES





REGISTERED NUMBER: 02377673 (England and Wales)





AUDITORS: Rusling & Co, Statutory Auditor
F6 The Bloc
Anlaby
East Yorkshire
HU10 6RJ

Arrow Butler Castings Limited (Registered number: 02377673)

Balance Sheet
31 December 2023

2023 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 36,438 6,600
36,438 6,600

CURRENT ASSETS
Stocks 210,080 153,541
Debtors 6 1,133,380 399,168
Cash at bank and in hand 62,510 269,867
1,405,970 822,576
CREDITORS
Amounts falling due within one year 7 951,146 454,170
NET CURRENT ASSETS 454,824 368,406
TOTAL ASSETS LESS CURRENT
LIABILITIES

491,262

375,006

CREDITORS
Amounts falling due after more than one
year

8

(49,200

)

-

PROVISIONS FOR LIABILITIES (6,497 ) (1,002 )
NET ASSETS 435,565 374,004

CAPITAL AND RESERVES
Called up share capital 350 350
Retained earnings 435,215 373,654
435,565 374,004

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 13 August 2024 and were signed on its behalf by:





T D Brooksbank - Director


Arrow Butler Castings Limited (Registered number: 02377673)

Notes to the Financial Statements
for the period 1 April 2023 to 31 December 2023


1. STATUTORY INFORMATION

Arrow Butler Castings 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 2004, is being amortised evenly over its estimated useful life of ten 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.
Land and buildings - 10% on cost
Plant and machinery etc - 20% on cost and 10% 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 period 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 period 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.

Arrow Butler Castings Limited (Registered number: 02377673)

Notes to the Financial Statements - continued
for the period 1 April 2023 to 31 December 2023


2. ACCOUNTING POLICIES - continued

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 period was 25 (2023 - 26 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 December 2023 36,715
AMORTISATION
At 1 April 2023
and 31 December 2023 36,715
NET BOOK VALUE
At 31 December 2023 -
At 31 March 2023 -

Arrow Butler Castings Limited (Registered number: 02377673)

Notes to the Financial Statements - continued
for the period 1 April 2023 to 31 December 2023


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 40,793 107,165 147,958
Additions - 35,907 35,907
At 31 December 2023 40,793 143,072 183,865
DEPRECIATION
At 1 April 2023 40,793 100,565 141,358
Charge for period - 6,069 6,069
At 31 December 2023 40,793 106,634 147,427
NET BOOK VALUE
At 31 December 2023 - 36,438 36,438
At 31 March 2023 - 6,600 6,600

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 35,907
At 31 December 2023 35,907
DEPRECIATION
Charge for period 4,502
At 31 December 2023 4,502
NET BOOK VALUE
At 31 December 2023 31,405

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Trade debtors 423,846 387,671
Amounts owed by group undertakings 705,192 6,581
Other debtors 4,342 4,916
1,133,380 399,168

Arrow Butler Castings Limited (Registered number: 02377673)

Notes to the Financial Statements - continued
for the period 1 April 2023 to 31 December 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Hire purchase contracts 17,375 -
Payments on account 219,823 201,079
Trade creditors 179,446 149,536
Amounts owed to group undertakings 417,696 23,210
Taxation and social security 96,182 62,854
Other creditors 20,624 17,491
951,146 454,170

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2023
£    £   
Hire purchase contracts 49,200 -

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Rusling FCA (Senior Statutory Auditor)
for and on behalf of Rusling & Co, Statutory Auditor