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Registration number: 07194567

Arthur Flury UK Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 December 2023

 

Arthur Flury UK Limited

Contents

Company Information

1

Accountants' Report

2

Statement of Comprehensive Income

3

Abridged Balance Sheet

4 to 5

Statement of Changes in Equity

6

Notes to the Unaudited Abridged Financial Statements

7 to 12

 

Arthur Flury UK Limited

Company Information

Directors

Mr Paul Culnane

Mr Richard Storchenegger

Mr Bernhard Iseli

Registered office

Unit 218 MK Business Centre
Foxhunter Drive
Linford Wood Milton Keynes
Buckinghamshire
MK14 6GD

Accountants

SJ Accounts Solutions Limited
AAT Licensed Accountant
Unit 11
Aylsham Business Park
Richard Oakes Road
Aylsham
Norwich
NR11 6FD

 

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Arthur Flury UK Limited
for the Year Ended 31 December 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Arthur Flury UK Limited for the year ended 31 December 2023 as set out on pages 3 to 12 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Accounting Technicians (AAT), we are subject to its ethical and other professional requirements. These are available to view in detail on their website at https://www.aat.org.uk/membership/standards-requirements/professional-ethics.

This report is made solely to the Board of Directors of Arthur Flury UK Limited, as a body, in accordance with the terms of our engagement letter dated 15 November 2010. Our work has been undertaken solely to prepare for your approval the accounts of Arthur Flury UK Limited and state those matters that we have agreed to state to the Board of Directors of Arthur Flury UK Limited.To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Arthur Flury UK Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Arthur Flury UK Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Arthur Flury UK Limited. You consider that Arthur Flury UK Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Arthur Flury UK Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

SJ Accounts Solutions Limited
AAT Licensed Accountant
Unit 11
Aylsham Business Park
Richard Oakes Road
Aylsham
Norwich
NR11 6FD

27 March 2024

 

Arthur Flury UK Limited

Statement of Comprehensive Income for the Year Ended 31 December 2023

2023
£

2022
£

Profit for the year

294,109

472,717

Total comprehensive income for the year

294,109

472,717

 

Arthur Flury UK Limited

(Registration number: 07194567)
Abridged Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

494

853

Current assets

 

Stocks

5

59,775

45,000

Debtors

6

635,076

609,791

Cash at bank and in hand

 

614,844

2,145,801

 

1,309,695

2,800,592

Prepayments and accrued income

 

2,778

2,510

Creditors: Amounts falling due within one year

(746,886)

(2,052,074)

Net current assets

 

565,587

751,028

Total assets less current liabilities

 

566,081

751,881

Accruals and deferred income

 

(53,431)

(60,623)

Net assets

 

512,650

691,258

Capital and reserves

 

Called up share capital

7

1,000

1,000

Retained earnings

511,650

690,258

Shareholders' funds

 

512,650

691,258

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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 March 2024 and signed on its behalf by:
 

 

Arthur Flury UK Limited

(Registration number: 07194567)
Abridged Balance Sheet as at 31 December 2023 (continued)

.........................................
Mr Paul Culnane
Director

 

Arthur Flury UK Limited

Statement of Changes in Equity for the Year Ended 31 December 2023

Share capital
£

Retained earnings
£

Total
£

At 1 January 2023

1,000

690,258

691,258

Profit for the year

-

294,109

294,109

Dividends

-

(472,717)

(472,717)

At 31 December 2023

1,000

511,650

512,650

Share capital
£

Retained earnings
£

Total
£

At 1 January 2022

1,000

760,121

761,121

Profit for the year

-

472,717

472,717

Dividends

-

(542,580)

(542,580)

At 31 December 2022

1,000

690,258

691,258


 

 

Arthur Flury UK Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 218 MK Business Centre
Foxhunter Drive
Linford Wood Milton Keynes
Buckinghamshire
MK14 6GD
United Kingdom

These financial statements were authorised for issue by the Board on 27 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Arthur Flury UK Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023 (continued)

2

Accounting policies (continued)

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

Straight Line 33.33%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Arthur Flury UK Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023 (continued)

2

Accounting policies (continued)

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

Arthur Flury UK Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023 (continued)

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2023

6,612

6,612

Additions

450

450

At 31 December 2023

7,062

7,062

Depreciation

At 1 January 2023

5,759

5,759

Charge for the year

809

809

At 31 December 2023

6,568

6,568

Carrying amount

At 31 December 2023

494

494

At 31 December 2022

853

853

5

Stocks

2023
£

2022
£

Other inventories

59,775

45,000

6

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

 

Arthur Flury UK Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023 (continued)

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary of £1 each

1,000

1,000

1,000

1,000

       

8

Dividends

The directors are recommending a final dividend of £294.11 (2022 - £472.71) per share totalling £294,109.00 (2022 - £472,717.00). This dividend has not been accrued in the balance sheet.

9

Related party transactions

 

Arthur Flury UK Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023 (continued)

9

Related party transactions (continued)

Directors' remuneration

The directors' remuneration for the year was as follows:

2023
£

2022
£

Remuneration

108,581

98,001

Contributions paid to money purchase schemes

27,593

36,496

136,174

134,497

10

Parent and ultimate parent undertaking

The company's immediate parent is Arthur Flury AG, incorporated in Switzerland.