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REGISTERED NUMBER: 00574551 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

A.R. FOLLAND &CO. LIMITED

A.R. FOLLAND &CO. LIMITED (REGISTERED NUMBER: 00574551)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A.R. FOLLAND &CO. LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: Mr SJ Eaton
Mr NAJ Arnold
Mr DC Thornley





SECRETARY: Mr NAJ Arnold





REGISTERED OFFICE: 43 Melrose Street
Leicester
Leicestershire
LE4 6FD





REGISTERED NUMBER: 00574551 (England and Wales)

A.R. FOLLAND &CO. LIMITED (REGISTERED NUMBER: 00574551)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,945 12,133

CURRENT ASSETS
Stocks 5 7,283 8,166
Debtors 6 54,195 36,696
Cash at bank and in hand 404,591 376,980
466,069 421,842
CREDITORS
Amounts falling due within one year 7 96,815 104,703
NET CURRENT ASSETS 369,254 317,139
TOTAL ASSETS LESS CURRENT
LIABILITIES

376,199

329,272

PROVISIONS FOR LIABILITIES 1,736 2,679
NET ASSETS 374,463 326,593

CAPITAL AND RESERVES
Called up share capital 1,500 1,500
Retained earnings 372,963 325,093
SHAREHOLDERS' FUNDS 374,463 326,593

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

A.R. FOLLAND &CO. LIMITED (REGISTERED NUMBER: 00574551)

BALANCE SHEET - continued
31 OCTOBER 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 13 January 2025 and were signed on its behalf by:




Mr SJ Eaton - Director Mr NAJ Arnold - Director




Mr DC Thornley - Director


A.R. FOLLAND &CO. LIMITED (REGISTERED NUMBER: 00574551)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

A.R. Folland &Co. 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue comprises the fair value of the sale of services, excluding value added tax. The company provides services to customers under standard terms and conditions. In all cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined to be on completion of services, except in respect of service contracts where revenue is recognised when the company obtains the right to consideration.

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 10% on cost
Motor vehicles - Straight line over 5 years

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.


A.R. FOLLAND &CO. LIMITED (REGISTERED NUMBER: 00574551)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


2. ACCOUNTING POLICIES - continued
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.

Government grants
Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

A.R. FOLLAND &CO. LIMITED (REGISTERED NUMBER: 00574551)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 November 2023 21,541 42,110 63,651
Additions 1,002 - 1,002
At 31 October 2024 22,543 42,110 64,653
DEPRECIATION
At 1 November 2023 21,164 30,354 51,518
Charge for year 174 6,016 6,190
At 31 October 2024 21,338 36,370 57,708
NET BOOK VALUE
At 31 October 2024 1,205 5,740 6,945
At 31 October 2023 377 11,756 12,133

5. STOCKS
2024 2023
£    £   
Stock 7,283 8,166

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 38,352 25,346
Other debtors 15,843 11,350
54,195 36,696

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 9,386 15,605
Taxation and social security 57,479 52,447
Other creditors 29,950 36,651
96,815 104,703

8. OTHER FINANCIAL COMMITMENTS

The company had future operating lease commitments of £7,800 (2023 - £7,800).

A.R. FOLLAND &CO. LIMITED (REGISTERED NUMBER: 00574551)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


9. RELATED PARTY DISCLOSURES

At the end of the period an amount of £8,049 (2023 - £14,607) was owing to the directors of the company.

No interest was charged on the above balances.