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Company Registration No. 01977824 (England and Wales)
Arrowhive Equipment Limited Unaudited accounts for the year ended 31 March 2024
Arrowhive Equipment Limited Unaudited accounts Contents
Page
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Arrowhive Equipment Limited Company Information for the year ended 31 March 2024
Directors
Martin Fletcher Philip Fletcher
Secretary
Philip Fletcher
Company Number
01977824 (England and Wales)
Registered Office
Denmark House 143 High Street Chalfont St Peter Bucks SL9 9QL United Kingdom
Accountants
Lane Accounting Limited Denmark House, 143 High St, Chalfont St Peter, Gerrards Cross Buckinghamshire SL9 9QL
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Arrowhive Equipment Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
458 
822 
Current assets
Inventories
10,396 
9,728 
Debtors
88,661 
68,090 
Cash at bank and in hand
44,159 
61,423 
143,216 
139,241 
Creditors: amounts falling due within one year
(100,063)
(92,040)
Net current assets
43,153 
47,201 
Net assets
43,611 
48,023 
Capital and reserves
Called up share capital
920 
920 
Profit and loss account
42,691 
47,103 
Shareholders' funds
43,611 
48,023 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2024 and were signed on its behalf by
Philip Fletcher Director Company Registration No. 01977824
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Arrowhive Equipment Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Arrowhive Equipment Limited is a private company, limited by shares, registered in England and Wales, registration number 01977824. The registered office is Denmark House, 143 High Street, Chalfont St Peter, Bucks, SL9 9QL, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% per annum of cost
Fixtures & fittings
25% per annum of cost
Computer equipment
25% per annum of cost
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Arrowhive Equipment Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
16,500 
4,208 
20,708 
At 31 March 2024
16,500 
4,208 
20,708 
Depreciation
At 1 April 2023
16,500 
3,386 
19,886 
Charge for the year
- 
364 
364 
At 31 March 2024
16,500 
3,750 
20,250 
Net book value
At 31 March 2024
- 
458 
458 
At 31 March 2023
- 
822 
822 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,929 
- 
Trade debtors
86,732 
68,090 
88,661 
68,090 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
1,744 
Trade creditors
73,740 
69,618 
Taxes and social security
4,186 
7,228 
Other creditors
442 
1,491 
Loans from directors
20,080 
10,344 
Accruals
1,615 
1,615 
100,063 
92,040 
7
Loans to directors
As at 31 March 2024 Mr P Fletcher, a director, was owed £3,640 by the company (2023 - £4,316). As at 31 March 2024 Mr M Fletcher, a director, was owed £713 by the company (2023 - £6,027). Loans are interest free and repayable on demand.
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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