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REGISTERED NUMBER: 04269186 (England and Wales)















ARNOLD HOLDINGS LIMITED

Unaudited Financial Statements for the Year Ended 30 November 2023






ARNOLD HOLDINGS LIMITED (REGISTERED NUMBER: 04269186)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ARNOLD HOLDINGS LIMITED

Company Information
for the Year Ended 30 November 2023







DIRECTOR: R F Arnold





REGISTERED OFFICE: 61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX





REGISTERED NUMBER: 04269186 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

ARNOLD HOLDINGS LIMITED (REGISTERED NUMBER: 04269186)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,077 24,218

CURRENT ASSETS
Stocks 1,216,976 2,110,320
Debtors 5 1,346,149 646,876
Cash at bank 80,284 71,452
2,643,409 2,828,648
CREDITORS
Amounts falling due within one year 6 399,762 488,339
NET CURRENT ASSETS 2,243,647 2,340,309
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,262,724

2,364,527

CREDITORS
Amounts falling due after more than one
year

7

583,662

629,168
NET ASSETS 1,679,062 1,735,359

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,678,962 1,735,259
SHAREHOLDERS' FUNDS 1,679,062 1,735,359

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ARNOLD HOLDINGS LIMITED (REGISTERED NUMBER: 04269186)

Balance Sheet - continued
30 November 2023


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 director and authorised for issue on 28 November 2024 and were signed by:





R F Arnold - Director


ARNOLD HOLDINGS LIMITED (REGISTERED NUMBER: 04269186)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Arnold Holdings 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on reducing balance

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 2 ).

ARNOLD HOLDINGS LIMITED (REGISTERED NUMBER: 04269186)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022 131,161 37,904 1,501 170,566
Additions - - 1,225 1,225
At 30 November 2023 131,161 37,904 2,726 171,791
DEPRECIATION
At 1 December 2022 120,380 24,467 1,501 146,348
Charge for year 2,698 3,361 307 6,366
At 30 November 2023 123,078 27,828 1,808 152,714
NET BOOK VALUE
At 30 November 2023 8,083 10,076 918 19,077
At 30 November 2022 10,781 13,437 - 24,218

The net book value of tangible fixed assets includes £ 26,365 (2022 - £ 31,124 ) in respect of assets held under hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 117,185
Due from related parties 1,332,120 521,657
Directors' current accounts 14,029 -
VAT - 8,034
1,346,149 646,876

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 12,540 3,880
Trade creditors 145,379 10,561
Social security and other taxes 199,543 208,865
Directors' current accounts - 252,033
Accrued expenses 32,300 3,000
399,762 488,339

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 18,039 25,370
Other loans - 1-2 years 555,623 581,258
Hire purchase contracts - 12,540
583,662 629,168

ARNOLD HOLDINGS LIMITED (REGISTERED NUMBER: 04269186)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 38,039 45,370
Hire purchase contracts 12,540 16,420
50,579 61,790

Hire purchase liabilities are secured on the asset to which the borrowing relates.

The bank borrowings are secured by a debenture of the company's assets.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
R F Arnold
Balance outstanding at start of year - -
Amounts advanced 14,029 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 14,029 -