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REGISTERED NUMBER: 10000490 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 January 2024

for

Arthur Stanley Limited

Arthur Stanley Limited (Registered number: 10000490)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Arthur Stanley Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: P G Walker
A M Walker





REGISTERED OFFICE: Unit 4
Welland Close
Sheffield
United Kingdom
S3 9QY





REGISTERED NUMBER: 10000490 (England and Wales)





ACCOUNTANTS: Parkins Accountants Ltd
T/A, Parkins, Chartered Accountants
Moor Park House
Bawtry Rd
Wickersley
Rotherham
South Yorkshire
S66 2BL

Arthur Stanley Limited (Registered number: 10000490)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,904 18,802

CURRENT ASSETS
Stocks 5 659,704 616,521
Debtors 6 52,725 36,948
Cash at bank and in hand 31,147 21,025
743,576 674,494
CREDITORS
Amounts falling due within one year 7 260,658 231,973
NET CURRENT ASSETS 482,918 442,521
TOTAL ASSETS LESS CURRENT
LIABILITIES

533,822

461,323

CREDITORS
Amounts falling due after more than one
year

8

507,673

372,355
NET ASSETS 26,149 88,968

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 11 26,147 88,966
SHAREHOLDERS' FUNDS 26,149 88,968

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Arthur Stanley Limited (Registered number: 10000490)

Balance Sheet - continued
31 January 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2024 and were signed on its behalf by:




P G Walker - Director



A M Walker - Director


Arthur Stanley Limited (Registered number: 10000490)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Arthur Stanley Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Arthur Stanley Limited (Registered number: 10000490)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 22,887 20,225 3,364 46,476
Additions - 46,873 1,057 47,930
At 31 January 2024 22,887 67,098 4,421 94,406
DEPRECIATION
At 1 February 2023 12,869 11,693 3,112 27,674
Charge for year 1,502 13,851 475 15,828
At 31 January 2024 14,371 25,544 3,587 43,502
NET BOOK VALUE
At 31 January 2024 8,516 41,554 834 50,904
At 31 January 2023 10,018 8,532 252 18,802

5. STOCKS
2024 2023
£    £   
Stocks 659,704 616,521

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 31,506 13,849
Other debtors 13,966 13,966
Directors' current accounts - 1,880
Prepayments 7,253 7,253
52,725 36,948

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 121,612 71,068
Hire purchase contracts 13,177 -
Trade creditors 50,124 59,668
Tax 57,566 79,711
VAT 10,461 1,449
Other creditors 1,653 8,980
Directors' current accounts 3,065 8,097
Accrued expenses 3,000 3,000
260,658 231,973

Arthur Stanley Limited (Registered number: 10000490)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) 301,193 271,185
Other loans (see note 9) 169,668 101,170
Hire purchase contracts 36,812 -
507,673 372,355

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 121,612 71,068

Amounts falling due between one and two years:
Stocking loans 169,668 101,170

Amounts falling due between two and five years:
Bank loans - 2-5 years 301,193 271,185

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
2 2

11. RESERVES
Retained
earnings
£   

At 1 February 2023 88,966
Profit for the year 18,181
Dividends (81,000 )
At 31 January 2024 26,147