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Company No: 09360236 (England and Wales)

ARNOLD BARTOSCH LTD

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

ARNOLD BARTOSCH LTD

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

ARNOLD BARTOSCH LTD

STATEMENT OF FINANCIAL POSITION

As at 31 December 2023
ARNOLD BARTOSCH LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 4 911 1,382
911 1,382
Current assets
Debtors 5 100,934 85,948
Cash at bank and in hand 135,818 157,971
236,752 243,919
Creditors: amounts falling due within one year 6 ( 41,210) ( 34,250)
Net current assets 195,542 209,669
Total assets less current liabilities 196,453 211,051
Provision for liabilities ( 211) ( 322)
Net assets 196,242 210,729
Capital and reserves
Called-up share capital 7 2 2
Profit and loss account 196,240 210,727
Total shareholders' funds 196,242 210,729

For the financial 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 financial statements of Arnold Bartosch Ltd (registered number: 09360236) were approved and authorised for issue by the Board of Directors on 27 August 2024. They were signed on its behalf by:

David Nairn Arnold
Director
ARNOLD BARTOSCH LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
ARNOLD BARTOSCH LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Arnold Bartosch Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1 Bath Mews, Bath Parade, Cheltenham, GL53 7HL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 5 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Fixtures and fittings 4 years straight line
Computer equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 6 5

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 January 2023 50,002 50,002
At 31 December 2023 50,002 50,002
Accumulated amortisation
At 01 January 2023 50,002 50,002
At 31 December 2023 50,002 50,002
Net book value
At 31 December 2023 0 0
At 31 December 2022 0 0

4. Tangible assets

Fixtures and fittings Computer equipment Total
£ £ £
Cost
At 01 January 2023 1,601 6,975 8,576
At 31 December 2023 1,601 6,975 8,576
Accumulated depreciation
At 01 January 2023 1,601 5,593 7,194
Charge for the financial year 0 471 471
At 31 December 2023 1,601 6,064 7,665
Net book value
At 31 December 2023 0 911 911
At 31 December 2022 0 1,382 1,382

5. Debtors

2023 2022
£ £
Trade debtors 35,231 27,200
Amounts owed by directors 65,703 58,748
100,934 85,948

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 0 3,900
Accruals 3,700 3,000
Taxation and social security 36,832 27,050
Other creditors 678 300
41,210 34,250

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 2.00 each 2 2

8. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Dividends paid 82,000 12,900

During the year, a loan was made to the directors of £88,000 at an interest rate of 2.25%, with £82,000 repaid during the year. £65,703 remains outstanding at the year-end and was fully repaid within 9 months.