2023-02-012024-01-312024-01-31false00384031N ARNISON & SONS LIMITED2024-10-0947710iso4217:GBPxbrli:pure003840312023-02-01003840312024-01-31003840312023-02-012024-01-31003840312022-02-01003840312023-01-31003840312022-02-012023-01-3100384031bus:SmallEntities2023-02-012024-01-3100384031bus:AuditExempt-NoAccountantsReport2023-02-012024-01-3100384031bus:FullAccounts2023-02-012024-01-3100384031bus:PrivateLimitedCompanyLtd2023-02-012024-01-3100384031core:WithinOneYear2024-01-3100384031core:AfterOneYear2024-01-3100384031core:WithinOneYear2023-01-3100384031core:AfterOneYear2023-01-3100384031core:ShareCapital2024-01-3100384031core:SharePremium2024-01-3100384031core:RevaluationReserve2024-01-3100384031core:OtherReservesSubtotal2024-01-3100384031core:RetainedEarningsAccumulatedLosses2024-01-3100384031core:ShareCapital2023-01-3100384031core:SharePremium2023-01-3100384031core:RevaluationReserve2023-01-3100384031core:OtherReservesSubtotal2023-01-3100384031core:RetainedEarningsAccumulatedLosses2023-01-3100384031core:LandBuildings2024-01-3100384031core:PlantMachinery2024-01-3100384031core:Vehicles2024-01-3100384031core:FurnitureFittings2024-01-3100384031core:OfficeEquipment2024-01-3100384031core:NetGoodwill2024-01-3100384031core:IntangibleAssetsOtherThanGoodwill2024-01-3100384031core:ListedExchangeTraded2024-01-3100384031core:UnlistedNon-exchangeTraded2024-01-3100384031core:LandBuildings2023-01-3100384031core:PlantMachinery2023-01-3100384031core:Vehicles2023-01-3100384031core:FurnitureFittings2023-01-3100384031core:OfficeEquipment2023-01-3100384031core:NetGoodwill2023-01-3100384031core:IntangibleAssetsOtherThanGoodwill2023-01-3100384031core:ListedExchangeTraded2023-01-3100384031core:UnlistedNon-exchangeTraded2023-01-3100384031core:LandBuildings2023-02-012024-01-3100384031core:PlantMachinery2023-02-012024-01-3100384031core:Vehicles2023-02-012024-01-3100384031core:FurnitureFittings2023-02-012024-01-3100384031core:OfficeEquipment2023-02-012024-01-3100384031core:NetGoodwill2023-02-012024-01-3100384031core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3100384031core:ListedExchangeTraded2023-02-012024-01-3100384031core:UnlistedNon-exchangeTraded2023-02-012024-01-3100384031core:MoreThanFiveYears2023-02-012024-01-3100384031core:Non-currentFinancialInstruments2024-01-3100384031core:Non-currentFinancialInstruments2023-01-3100384031dpl:CostSales2023-02-012024-01-3100384031dpl:DistributionCosts2023-02-012024-01-3100384031core:LandBuildings2023-02-012024-01-3100384031core:PlantMachinery2023-02-012024-01-3100384031core:Vehicles2023-02-012024-01-3100384031core:FurnitureFittings2023-02-012024-01-3100384031core:OfficeEquipment2023-02-012024-01-3100384031dpl:AdministrativeExpenses2023-02-012024-01-3100384031core:NetGoodwill2023-02-012024-01-3100384031core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3100384031dpl:GroupUndertakings2023-02-012024-01-3100384031dpl:ParticipatingInterests2023-02-012024-01-3100384031dpl:GroupUndertakingscore:ListedExchangeTraded2023-02-012024-01-3100384031core:ListedExchangeTraded2023-02-012024-01-3100384031dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-02-012024-01-3100384031core:UnlistedNon-exchangeTraded2023-02-012024-01-3100384031dpl:CostSales2022-02-012023-01-3100384031dpl:DistributionCosts2022-02-012023-01-3100384031core:LandBuildings2022-02-012023-01-3100384031core:PlantMachinery2022-02-012023-01-3100384031core:Vehicles2022-02-012023-01-3100384031core:FurnitureFittings2022-02-012023-01-3100384031core:OfficeEquipment2022-02-012023-01-3100384031dpl:AdministrativeExpenses2022-02-012023-01-3100384031core:NetGoodwill2022-02-012023-01-3100384031core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3100384031dpl:GroupUndertakings2022-02-012023-01-3100384031dpl:ParticipatingInterests2022-02-012023-01-3100384031dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-012023-01-3100384031core:ListedExchangeTraded2022-02-012023-01-3100384031dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-012023-01-3100384031core:UnlistedNon-exchangeTraded2022-02-012023-01-3100384031core:NetGoodwill2024-01-3100384031core:IntangibleAssetsOtherThanGoodwill2024-01-3100384031core:LandBuildings2024-01-3100384031core:PlantMachinery2024-01-3100384031core:Vehicles2024-01-3100384031core:FurnitureFittings2024-01-3100384031core:OfficeEquipment2024-01-3100384031core:AfterOneYear2024-01-3100384031core:WithinOneYear2024-01-3100384031core:ListedExchangeTraded2024-01-3100384031core:UnlistedNon-exchangeTraded2024-01-3100384031core:ShareCapital2024-01-3100384031core:SharePremium2024-01-3100384031core:RevaluationReserve2024-01-3100384031core:OtherReservesSubtotal2024-01-3100384031core:RetainedEarningsAccumulatedLosses2024-01-3100384031core:NetGoodwill2023-01-3100384031core:IntangibleAssetsOtherThanGoodwill2023-01-3100384031core:LandBuildings2023-01-3100384031core:PlantMachinery2023-01-3100384031core:Vehicles2023-01-3100384031core:FurnitureFittings2023-01-3100384031core:OfficeEquipment2023-01-3100384031core:AfterOneYear2023-01-3100384031core:WithinOneYear2023-01-3100384031core:Liste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N ARNISON & SONS LIMITED

Registered Number
00384031
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

N ARNISON & SONS LIMITED
Company Information
for the year from 1 February 2023 to 31 January 2024

Directors

SCOTT, Nigel Deryck Ian
SCOTT, Timothy John Henry

Company Secretary

SCOTT, Nigel Deryck Ian

Registered Address

18 Devonshire Street
Penrith
Cumberland
CA11 7SP

Registered Number

00384031 (England and Wales)
N ARNISON & SONS LIMITED
Statement of Financial Position
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets35,0905,656
Investments42,3572,408
7,4478,064
Current assets
Stocks160,564157,030
Debtors55,1743,345
Cash at bank and on hand10,05922,236
175,797182,611
Creditors amounts falling due within one year6(145,093)(127,418)
Net current assets (liabilities)30,70455,193
Total assets less current liabilities38,15163,257
Creditors amounts falling due after one year7(7,387)(12,511)
Provisions for liabilities8(1,200)(1,400)
Net assets29,56449,346
Capital and reserves
Called up share capital6,9736,973
Profit and loss account22,59142,373
Shareholders' funds29,56449,346
The financial statements were approved and authorised for issue by the Board of Directors on 9 October 2024, and are signed on its behalf by:
SCOTT, Nigel Deryck Ian
Director
Registered Company No. 00384031
N ARNISON & SONS LIMITED
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Defined contribution pension plan
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in other creditors in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Fixtures and fittings10-
Office Equipment-3
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Income Statement. Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees

20242023
Average number of employees during the year1111
3.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 February 2368,26356268,825
At 31 January 2468,26356268,825
Depreciation and impairment
At 01 February 2362,60756263,169
Charge for year566-566
At 31 January 2463,17356263,735
Net book value
At 31 January 245,090-5,090
At 31 January 235,656-5,656
4.Fixed asset investments

Other investments1

Total

££
Cost or valuation
At 01 February 232,4082,408
Disposals(51)(51)
At 31 January 242,3572,357
Net book value
At 31 January 242,3572,357
At 31 January 232,4082,408

Notes

1Other investments other than loans
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables2,137-
Prepayments and accrued income3,0373,345
Total5,1743,345
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables36,50326,000
Bank borrowings and overdrafts5,0884,909
Amounts owed to related parties12,68636,286
Taxation and social security70,03048,656
Other creditors18,6779,733
Accrued liabilities and deferred income2,1091,834
Total145,093127,418
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts7,38712,511
Total7,38712,511
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)1,2001,400
Total1,2001,400
9.Related party transactions
During the year a director had a loan account with the company. At the balance sheet date the company owed the director £9,495 (2023 - £5,052), This loan is unsecured, interest free and repayable upon demand. During the year a director had a loan account with the company. At the balance sheet date the company owed the director £9,181 (2023 - £4,681), This loan is unsecured, interest free and repayable upon demand. During the year a shareholder had a loan account with the company. At the balance sheet date the company owed the shareholder £6,943 (2023 - £5,418), This loan is unsecured, interest free and repayable upon demand. During the year a shareholder had a loan account with the company. At the balance sheet date the company owed the shareholder £5,743 (2023 - £5,418), This loan is unsecured, interest free and repayable upon demand.
10.Prior period policy changes
The prior period has been re-stated to be compliant with FRS102 1a.