Company registration number 00601849 (England and Wales)
Arthur Rostron & Sons Limited
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 March 2024
PAGES FOR FILING WITH REGISTRAR
Arthur Rostron & Sons Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
Arthur Rostron & Sons Limited
Balance Sheet
as at 31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
14,488
15,729
Current assets
Stocks
5
7,500
5,600
Debtors
6
13,171
14,122
Cash at bank and in hand
3,680
5,565
24,351
25,287
Creditors: amounts falling due within one year
Taxation and social security
2,695
3,849
Other creditors
15,626
8,638
18,321
12,487
Net current assets
6,030
12,800
Total assets less current liabilities
20,518
28,529
Capital and reserves
Called up share capital
8
2,002
2,002
Profit and loss reserves
18,516
26,527
Total equity
20,518
28,529
Arthur Rostron & Sons Limited
Balance Sheet (continued)
as at 31 March 2024
- 2 -
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2024 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 4 October 2024
Mr N J Rostron
Director
Company Registration No. 00601849
Arthur Rostron & Sons Limited
Notes to the financial statements
for the year ended 31 March 2024
- 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 have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
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 £.
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
7.5% on reducing balance
Computers
25% on reducing balance
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.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account 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.
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
Arthur Rostron & Sons Limited
Notes to the financial statements (continued)
for the year ended 31 March 2024
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
3
5
3
Taxation
2024
2023
£
£
Deferred tax
Origination and reversal of timing differences
(2,939)
4
Tangible fixed assets
Plant and equipment
Computers
Total
£
£
£
Cost
At 1 April 2023 and 31 March 2024
126,841
7,164
134,005
Depreciation
At 1 April 2023
111,178
7,098
118,276
Depreciation charged in the year
1,175
66
1,241
At 31 March 2024
112,353
7,164
119,517
Carrying amount
At 31 March 2024
14,488
14,488
At 31 March 2023
15,663
66
15,729
5
Stocks
2024
2023
£
£
Stocks
7,500
5,600
Arthur Rostron & Sons Limited
Notes to the financial statements (continued)
for the year ended 31 March 2024
- 5 -
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
13,171
12,274
Other debtors
1,500
Prepayments and accrued income
348
13,171
14,122
7
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
9,661
4,245
Other taxation and social security
2,695
3,849
Other creditors
4,965
3,098
Accruals and deferred income
1,000
1,295
18,321
12,487
8
Called up share capital
2024
2023
£
£
Ordinary share capital
Issued and fully paid
2,002 Ordinary of £1 each
2,002
2,002
9
Company information
Arthur Rostron & Sons Limited is a private company limited by shares incorporated in England and Wales. The registered office is College Business Park, Kearsley Road, Ripon, Harrogate, North Yorkshire, HG4 2RN.