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Company Registration No. 13900019 (England and Wales)
Arrowsmith Commercials Ltd Unaudited accounts for the year ended 29 February 2024
Arrowsmith Commercials Ltd Unaudited accounts Contents
Page
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Arrowsmith Commercials Ltd Company Information for the year ended 29 February 2024
Directors
Ryan Arrowsmith Kelly Lomax
Company Number
13900019 (England and Wales)
Registered Office
71 Woodland Avenue Wolverhampton WV6 8ND
Accountants
Nellys Accountants Ltd 71 Woodland Avenue Tettenhall Wood Wolverhampton West Midlands WV6 8ND
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Arrowsmith Commercials Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,620 
7,493 
Current assets
Debtors
14,691 
10,222 
Cash at bank and in hand
1,846 
740 
16,537 
10,962 
Creditors: amounts falling due within one year
(20,873)
(16,619)
Net current liabilities
(4,336)
(5,657)
Total assets less current liabilities
1,284 
1,836 
Provisions for liabilities
Deferred tax
(1,068)
(1,424)
Net assets
216 
412 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
116 
312 
Shareholders' funds
216 
412 
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 June 2024 and were signed on its behalf by
Kelly Lomax Director Company Registration No. 13900019
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Arrowsmith Commercials Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Arrowsmith Commercials Ltd is a private company, limited by shares, registered in England and Wales, registration number 13900019. The registered office is 71 Woodland Avenue, Wolverhampton, WV6 8ND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Deferred taxation
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 accounts. 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.
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Arrowsmith Commercials Ltd Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 March 2023
9,991 
At 29 February 2024
9,991 
Depreciation
At 1 March 2023
2,498 
Charge for the year
1,873 
At 29 February 2024
4,371 
Net book value
At 29 February 2024
5,620 
At 28 February 2023
7,493 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
1,908 
Other debtors
14,691 
8,314 
14,691 
10,222 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
6,458 
4,454 
Obligations under finance leases and hire purchase contracts
7,925 
10,898 
Trade creditors
291 
15 
Taxes and social security
5,939 
1,002 
Accruals
260 
250 
20,873 
16,619 
7
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
1,068 
1,424 
2024 
2023 
£ 
£ 
Provision at start of year
1,424 
- 
(Credited)/charged to the profit and loss account
(356)
1,424 
Provision at end of year
1,068 
1,424 
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Arrowsmith Commercials Ltd Notes to the Accounts for the year ended 29 February 2024
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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