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REGISTERED NUMBER: 10066173 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

ARNOLD & WILLIS CONSTRUCTION LIMITED

ARNOLD & WILLIS CONSTRUCTION LIMITED (REGISTERED NUMBER: 10066173)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ARNOLD & WILLIS CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: M P Arnold
A Willis





REGISTERED OFFICE: 64 Barton Road
Comberton
Cambridge
Cambridgeshire
CB23 7BP





REGISTERED NUMBER: 10066173 (England and Wales)





ACCOUNTANTS: Liric Accountants
2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Milton Keynes
Buckinghamshire
MK12 5NN

ARNOLD & WILLIS CONSTRUCTION LIMITED (REGISTERED NUMBER: 10066173)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 89,652 54,495

CURRENT ASSETS
Stocks 705,365 1,312,433
Debtors 5 63,695 12,417
Cash at bank 189,651 98,340
958,711 1,423,190
CREDITORS
Amounts falling due within one year 6 303,056 250,508
NET CURRENT ASSETS 655,655 1,172,682
TOTAL ASSETS LESS CURRENT
LIABILITIES

745,307

1,227,177

CREDITORS
Amounts falling due after more than one
year

7

(311,713

)

(929,667

)

PROVISIONS FOR LIABILITIES (4,698 ) (4,698 )
NET ASSETS 428,896 292,812

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 428,876 292,792
428,896 292,812

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

ARNOLD & WILLIS CONSTRUCTION LIMITED (REGISTERED NUMBER: 10066173)

BALANCE SHEET - continued
31 MARCH 2024


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 9 July 2024 and were signed on its behalf by:





A Willis - Director


ARNOLD & WILLIS CONSTRUCTION LIMITED (REGISTERED NUMBER: 10066173)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Arnold & Willis Construction 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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

STOCKS
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 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 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

ARNOLD & WILLIS CONSTRUCTION LIMITED (REGISTERED NUMBER: 10066173)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

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 6 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 April 2023 106,930
Additions 53,896
Disposals (2,424 )
At 31 March 2024 158,402
DEPRECIATION
At 1 April 2023 52,435
Charge for year 18,460
Eliminated on disposal (2,145 )
At 31 March 2024 68,750
NET BOOK VALUE
At 31 March 2024 89,652
At 31 March 2023 54,495

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors (60 ) -
Other debtors 63,755 12,417
63,695 12,417

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 10,000 23,785
Hire purchase contracts 62,420 43,205
Trade creditors 123,229 65,401
Taxation and social security 82,108 51,083
Other creditors 25,299 67,034
303,056 250,508

ARNOLD & WILLIS CONSTRUCTION LIMITED (REGISTERED NUMBER: 10066173)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans 11,713 21,667
Other creditors 300,000 908,000
311,713 929,667