Company No:
Contents
Note | 31.03.2024 | 31.12.2022 | ||
£ | £ | |||
Fixed assets | ||||
Intangible assets | 4 |
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Tangible assets | 5 |
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350,923 | 262,744 | |||
Current assets | ||||
Stocks |
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Debtors | 6 |
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Cash at bank and in hand |
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379,218 | 500,114 | |||
Creditors: amounts falling due within one year | 7 | (
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Net current assets | 62,991 | 134,177 | ||
Total assets less current liabilities | 413,914 | 396,921 | ||
Creditors: amounts falling due after more than one year | 8 | (
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Net assets |
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Capital and reserves | ||||
Called-up share capital |
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Profit and loss account |
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Total shareholder's funds |
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Directors' responsibilities:
The financial statements of A & R House (BCL) Limited (registered number:
A L R House
Director |
R J M House
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.
A & R House (BCL) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Purn House Farm, Purn Way, Bleadon, BS24 0QE, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.
Other intangible assets |
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Land and buildings | not depreciated |
Plant and machinery |
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Vehicles |
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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.
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account on a straight line basis over the period of the leases.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
The Company has adopted FRS 102 for the period ended 31 March 2024 and has restated the comparative year amounts.
Reconciliation of equity
01.01.2022 | 31.12.2022 | |||
£ | £ | |||
Capital and reserves (as previously stated) | 399,660 | 343,168 | ||
Deferred tax provision | 0 | (49,488) | ||
Capital and reserves (as restated) | 399,660 | 293,680 |
Reconciliation of profit or loss
31.12.2022 | ||||
£ | ||||
Profit for the year (as previously stated) | 293,508 | |||
Deferred tax provision | (49,488) | |||
Profit for the year (as restated) | 244,020 |
Period from 01.01.2023 to 31.03.2024 |
Year ended 31.12.2022 |
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Number | Number | ||
Monthly average number of persons employed by the Company during the period, including directors |
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Other intangible assets | Total | ||
£ | £ | ||
Cost | |||
At 01 January 2023 |
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Disposals | (
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At 31 March 2024 |
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Accumulated amortisation | |||
At 01 January 2023 |
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Charge for the financial period | (
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Disposals | (
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At 31 March 2024 |
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Net book value | |||
At 31 March 2024 |
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At 31 December 2022 |
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Land and buildings | Plant and machinery | Vehicles | Total | ||||
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Cost | |||||||
At 01 January 2023 |
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Additions |
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Disposals |
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At 31 March 2024 |
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Accumulated depreciation | |||||||
At 01 January 2023 |
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Charge for the financial period |
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Disposals |
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At 31 March 2024 |
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Net book value | |||||||
At 31 March 2024 |
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At 31 December 2022 |
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31.03.2024 | 31.12.2022 | ||
£ | £ | ||
Trade debtors |
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Other debtors |
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31.03.2024 | 31.12.2022 | ||
£ | £ | ||
Trade creditors |
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Amounts owed to Group undertakings |
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Taxation and social security |
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Obligations under finance leases and hire purchase contracts (secured) |
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Other creditors |
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The hire purchase contracts are secured against the assets that they relate.
31.03.2024 | 31.12.2022 | ||
£ | £ | ||
Bank loans |
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Obligations under finance leases and hire purchase contracts (secured) |
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