ARROW TOOLS (UK) LIMITED

Company Registration Number:
02685705 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2024

Period of accounts

Start date: 01 March 2023

End date: 28 February 2024

ARROW TOOLS (UK) LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2024

Balance sheet
Notes

ARROW TOOLS (UK) LIMITED

Balance sheet

As at 28 February 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 156,052 258,002
Total fixed assets: 156,052 258,002
Current assets
Stocks: 48,829 53,867
Debtors:   344,346 448,392
Cash at bank and in hand: 334,535 351,022
Total current assets: 727,710 853,281
Creditors: amounts falling due within one year:   (276,925) (365,039)
Net current assets (liabilities): 450,785 488,242
Total assets less current liabilities: 606,837 746,244
Provision for liabilities: (39,013) (63,210)
Total net assets (liabilities): 567,824 683,034
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 567,822 683,032
Shareholders funds: 567,824 683,034

The notes form part of these financial statements

ARROW TOOLS (UK) LIMITED

Balance sheet statements

For the year ending 28 February 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 06 August 2024
and signed on behalf of the board by:

Name: CLIVE RICHARD NAGLE
Status: Director

The notes form part of these financial statements

ARROW TOOLS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the value of goods and services, less returns and discounts, invoiced to customers during the year and excludes value added tax.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided so as to write off the cost of fixed assets equally over their estimated useful lives, the annual rates of depreciation being as follows: Heavy plant & machinery 20% on cost; Motor vehicles 25% on cost; Office equipment 20% on cost.

Valuation and information policy

Stock is valued at the lower of cost and estimated selling price less costs to sell, after making due allowance for obsolete and slow-moving items. Cost is actual invoice price.

Other accounting policies

Provision is made at current rates for taxation deferred in respect of all material timing differences except to the extent that, in the opinion of the directors, there is reasonable probability that the liability will not arise in the foreseeable future.

ARROW TOOLS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

2. Employees

2024 2023
Average number of employees during the period 31 33

ARROW TOOLS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Tangible Assets

Total
Cost £
At 01 March 2023 600,451
Additions 50,767
Disposals (170,008)
At 28 February 2024 481,210
Depreciation
At 01 March 2023 342,449
Charge for year 96,425
On disposals (113,716)
At 28 February 2024 325,158
Net book value
At 28 February 2024 156,052
At 28 February 2023 258,002