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REGISTERED NUMBER: 11747421 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

ARLOS CARS LTD

ARLOS CARS LTD (REGISTERED NUMBER: 11747421)

Contents of the Financial Statements
for the year ended 31 January 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


ARLOS CARS LTD

Company Information
for the year ended 31 January 2024







Director: Mr B Evans





Registered office: 23 Algitha Road
Skegness
Lincolnshire
PE25 2AG





Registered number: 11747421 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
23 Algitha Road
Skegness
United Kingdom
PE25 2AG

ARLOS CARS LTD (REGISTERED NUMBER: 11747421)

Statement of Financial Position
31 January 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 91,391 74,793

Current assets
Debtors 5 51,815 1,512
Cash at bank and in hand 26,629 5,399
78,444 6,911
Creditors
Amounts falling due within one year 6 87,184 57,730
Net current liabilities (8,740 ) (50,819 )
Total assets less current liabilities 82,651 23,974

Creditors
Amounts falling due after more than one year 7 (46,328 ) (28,275 )

Provisions for liabilities (17,364 ) (14,210 )
Net assets/(liabilities) 18,959 (18,511 )

Capital and reserves
Called up share capital 1 1
Retained earnings 18,958 (18,512 )
18,959 (18,511 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

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 23 January 2025 and were signed by:





Mr B Evans - Director


ARLOS CARS LTD (REGISTERED NUMBER: 11747421)

Notes to the Financial Statements
for the year ended 31 January 2024


1. Statutory information

Arlos Cars Ltd 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.

At the period end the Company had net current liabilities of £8,740 (2023 £50,819). The Director is willing to support the business and believes the accounts should be prepared on a going concern basis.

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 etc - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3. Employees and directors

The average number of employees during the year was 10 (2023 - 7 ) .

ARLOS CARS LTD (REGISTERED NUMBER: 11747421)

Notes to the Financial Statements - continued
for the year ended 31 January 2024


4. Tangible fixed assets
Plant and
machinery
etc
£
Cost
At 1 February 2023 116,658
Additions 44,228
At 31 January 2024 160,886
Depreciation
At 1 February 2023 41,865
Charge for year 27,630
At 31 January 2024 69,495
Net book value
At 31 January 2024 91,391
At 31 January 2023 74,793

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£
Cost
At 1 February 2023 31,078
Additions 39,228
At 31 January 2024 70,306
Depreciation
At 1 February 2023 1,942
Charge for year 17,091
At 31 January 2024 19,033
Net book value
At 31 January 2024 51,273
At 31 January 2023 29,136

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 51,815 1,512

ARLOS CARS LTD (REGISTERED NUMBER: 11747421)

Notes to the Financial Statements - continued
for the year ended 31 January 2024


6. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 2,000 2,000
Hire purchase contracts (see note 8) 13,850 6,177
Taxation and social security 35,279 3,601
Other creditors 36,055 45,952
87,184 57,730

7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans 3,127 5,109
Hire purchase contracts (see note 8) 43,201 23,166
46,328 28,275

8. Leasing agreements

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£ £
Net obligations repayable:
Within one year 13,850 6,177
Between one and five years 43,201 23,166
57,051 29,343