Company registration number 05002427 (England and Wales)
A. R. Machinery Limited
Unaudited
financial statements
for the year ended 31 December 2023
PAGES FOR FILING WITH REGISTRAR
A. R. Machinery Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
A. R. Machinery Limited
Statement of financial position
as at 31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
17,470
29,357
Current assets
Stocks
4,025
4,230
Debtors
4
49,049
40,268
Cash at bank and in hand
45,764
48,476
98,838
92,974
Creditors: amounts falling due within one year
5
(41,147)
(60,206)
Net current assets
57,691
32,768
Total assets less current liabilities
75,161
62,125
Creditors: amounts falling due after more than one year
6
(31,888)
(35,464)
Provisions for liabilities
(3,320)
(5,578)
Net assets
39,953
21,083
Capital and reserves
Called up share capital
8
10
10
Profit and loss reserves
39,943
21,073
Total equity
39,953
21,083
A. R. Machinery Limited
Statement of financial position (continued)
as at 31 December 2023
- 2 -

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 20 February 2024
S G A Rogers
Director
Company Registration No. 05002427
A. R. Machinery Limited
Notes to the financial statements
for the year ended 31 December 2023
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover represents the fair value of the consideration received for goods provided in the normal course of business, and is shown net of VAT. Turnover is recognised upon the provision of goods.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Plant and machinery
25% straight line basis
Fixtures, fittings & equipment
25% reducing balance basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax is recognised on all timing differences between the carrying amount of of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is then settled or the asset realised, based on the tax rates that have been enacted or substantively enacted by the end of the reporting period.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

A. R. Machinery Limited
Notes to the financial statements (continued)
for the year ended 31 December 2023
1
Accounting policies
(continued)
- 4 -
Government grants

Government grants relate to Coronavirus Job Retention Scheme (CJRS) funding of staff who have been furloughed due to Covid-19. These revenue-based grants are recognised over the same period in which the related costs are incurred.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
6
6
3
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Total
£
£
£
Cost
At 1 January 2023 and 31 December 2023
162,642
5,367
168,009
Depreciation and impairment
At 1 January 2023
136,723
1,929
138,652
Depreciation charged in the year
10,852
1,035
11,887
At 31 December 2023
147,575
2,964
150,539
Carrying amount
At 31 December 2023
15,067
2,403
17,470
At 31 December 2022
25,919
3,438
29,357
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
49,049
40,268
A. R. Machinery Limited
Notes to the financial statements (continued)
for the year ended 31 December 2023
- 5 -
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
4,893
15,417
Trade creditors
12,790
26,138
Corporation tax
9,031
1,621
Other taxation and social security
12,429
12,290
Other creditors
4
365
Accruals and deferred income
2,000
4,375
41,147
60,206

The bank loan is secured.

6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans
31,888
35,464

The bank loan is secured.

7
Provisions for liabilities
2023
2022
£
£
Deferred tax liabilities
3,320
5,578
8
Called up share capital
2023
2022
Ordinary share capital
£
£
Issued and fully paid
Ordinary shares of £1 each
10
10
9
Company information

A. R. Machinery Limited is a private company limited by shares incorporated in England and Wales. The registered office is West House, King Cross Road, Halifax, West Yorkshire, HX1 1EB.

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