IRIS Accounts Production v24.2.0.383 01082972 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 7.8.24 true false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh010829722023-03-31010829722024-03-31010829722023-04-012024-03-31010829722022-03-31010829722022-04-012023-03-31010829722023-03-3101082972ns15:EnglandWales2023-04-012024-03-3101082972ns14:PoundSterling2023-04-012024-03-3101082972ns10:Director12023-04-012024-03-3101082972ns10:Director22023-04-012024-03-3101082972ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3101082972ns10:SmallEntities2023-04-012024-03-3101082972ns10:Audited2023-04-012024-03-3101082972ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3101082972ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3101082972ns10:AbridgedAccounts2023-04-012024-03-3101082972ns10:Director32023-04-012024-03-3101082972ns10:RegisteredOffice2023-04-012024-03-3101082972ns5:CurrentFinancialInstruments2024-03-3101082972ns5:CurrentFinancialInstruments2023-03-3101082972ns5:Non-currentFinancialInstruments2024-03-3101082972ns5:Non-currentFinancialInstruments2023-03-3101082972ns5:ShareCapital2024-03-3101082972ns5:ShareCapital2023-03-3101082972ns5:RetainedEarningsAccumulatedLosses2024-03-3101082972ns5:RetainedEarningsAccumulatedLosses2023-03-3101082972ns5:LeaseholdImprovements2023-04-012024-03-3101082972ns5:PlantMachinery2023-04-012024-03-3101082972ns5:MotorVehicles2023-04-012024-03-3101082972ns5:ComputerEquipment2023-04-012024-03-3101082972ns5:LeasedAssetsHeldAsLessee2023-04-012024-03-3101082972ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3101082972ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3101082972ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-03-3101082972ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-03-3101082972ns5:HirePurchaseContracts2024-03-3101082972ns5:HirePurchaseContracts2023-03-3101082972ns5:WithinOneYear2024-03-3101082972ns5:WithinOneYear2023-03-3101082972ns5:BetweenOneFiveYears2024-03-3101082972ns5:BetweenOneFiveYears2023-03-3101082972ns5:MoreThanFiveYears2024-03-3101082972ns5:MoreThanFiveYears2023-03-3101082972ns5:AllPeriods2024-03-3101082972ns5:AllPeriods2023-03-31
REGISTERED NUMBER: 01082972 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Arnold Engineering Plastics Limited

Arnold Engineering Plastics Limited (Registered number: 01082972)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Arnold Engineering Plastics Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J McKeown
S R Noon
B Noon



REGISTERED OFFICE: 2 Regal Close
Kings Park Road
Moulton Park
Northampton
Northamptonshire
NN3 6LL



REGISTERED NUMBER: 01082972 (England and Wales)



AUDITORS: CED Accountancy Services Limited
Registered Auditors
Chartered Accountants
1 Lucas Bridge Business Park
Old Greens Norton Road
Towcester
Northamptonshire
NN12 8AX



SOLICITORS: Max Engel
8 Hazelwood Road
Northampton
NN1 1LP

Arnold Engineering Plastics Limited (Registered number: 01082972)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,500,033 1,579,468
Investments 5 138,737 138,737
1,638,770 1,718,205

CURRENT ASSETS
Stocks 122,158 121,575
Debtors 596,502 708,562
Cash at bank and in hand 494,262 334,301
1,212,922 1,164,438
CREDITORS
Amounts falling due within one year 696,958 812,635
NET CURRENT ASSETS 515,964 351,803
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,154,734

2,070,008

CREDITORS
Amounts falling due after more than one year (135,026 ) (235,800 )

PROVISIONS FOR LIABILITIES (365,516 ) (383,334 )
NET ASSETS 1,654,192 1,450,874

CAPITAL AND RESERVES
Called up share capital 44,000 44,000
Retained earnings 1,610,192 1,406,874
SHAREHOLDERS' FUNDS 1,654,192 1,450,874

Arnold Engineering Plastics Limited (Registered number: 01082972)

Abridged 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 7 August 2024 and were signed on its behalf by:




B Noon - Director



S R Noon - Director


Arnold Engineering Plastics Limited (Registered number: 01082972)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Arnold Engineering Plastics 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.

Preparation of consolidated financial statements
The financial statements contain information about Arnold Engineering Plastics Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.
Improvements to property - in accordance with the property
Plant and machinery - 33% on cost and 10% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Investments in associates
Investments in associate undertakings are recognised at 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 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.

The entity applies for Research and Development Expenditure claims, the credits are accounted for when received.


Arnold Engineering Plastics Limited (Registered number: 01082972)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

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 47 (2023 - 43 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 4,166,996
Additions 143,682
At 31 March 2024 4,310,678
DEPRECIATION
At 1 April 2023 2,587,528
Charge for year 223,117
At 31 March 2024 2,810,645
NET BOOK VALUE
At 31 March 2024 1,500,033
At 31 March 2023 1,579,468

The net book value of assets held under hire purchase contracts at the year end was £406,313 (2023 - £459,726).

Arnold Engineering Plastics Limited (Registered number: 01082972)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2023
and 31 March 2024 138,737
NET BOOK VALUE
At 31 March 2024 138,737
At 31 March 2023 138,737

6. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.3.24 31.3.23
£    £   
Net obligations repayable:
Within one year 82,947 97,911
Between one and five years 135,026 235,800
217,973 333,711

Non-cancellable operating leases
31.3.24 31.3.23
£    £   
Within one year 135,000 135,000
Between one and five years 675,000 675,000
In more than five years 202,500 337,500
1,012,500 1,147,500

7. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Hire purchase contracts 217,973 333,711

Arnold Engineering Plastics Limited (Registered number: 01082972)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

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

The Report of the Auditors was unqualified.

Duncan Mitchell FCA (Senior Statutory Auditor)
for and on behalf of CED Accountancy Services Limited