Registered number
04206627
Arrow Building Services Limited
Filleted Accounts
30 April 2024
Arrow Building Services Limited
Registered number: 04206627
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 17,253 203,473
Current assets
Stocks 49,649 -
Debtors 5 - 22,907
Cash at bank and in hand 2,416 -
52,065 22,907
Creditors: amounts falling due within one year 6 (24,987) (84,927)
Net current assets/(liabilities) 27,078 (62,020)
Total assets less current liabilities 44,331 141,453
Creditors: amounts falling due after more than one year 7 (40,305) (147,190)
Provisions for liabilities (3,278) (3,656)
Net assets/(liabilities) 748 (9,393)
Capital and reserves
Called up share capital 3 3
Profit and loss account 745 (9,396)
Shareholders' funds 748 (9,393)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R G Hemsley
Director
Approved by the board on 15 January 2025
Arrow Building Services Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings 2% straight line
Plant and machinery 25% Reducing balance
Fixtures, fittings, tools and equipment 25% Reducing balance
Motor vehicles 25% Reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 34,800
At 30 April 2024 34,800
Amortisation
At 1 May 2023 34,800
At 30 April 2024 34,800
Net book value
At 30 April 2024 -
Goodwill has been written off.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 May 2023 204,700 25,348 43,206 273,254
Additions - 3,858 - 3,858
Disposals (204,700) - - (204,700)
At 30 April 2024 - 29,206 43,206 72,412
Depreciation
At 1 May 2023 20,470 24,563 24,748 69,781
Charge for the year - 1,234 4,614 5,848
On disposals (20,470) - - (20,470)
At 30 April 2024 - 25,797 29,362 55,159
Net book value
At 30 April 2024 - 3,409 13,844 17,253
At 30 April 2023 184,230 785 18,458 203,473
5 Debtors 2024 2023
£ £
Trade debtors - 3,107
Other debtors - 19,800
- 22,907
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 6,236
Trade creditors 66,658 25,395
Taxation and social security costs (300) 63,617
Other creditors (41,371) (10,321)
24,987 84,927
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 40,305 147,190
8 Controlling party
There was no ultimate controlling party during the year.
9 Other information
Arrow Building Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
12 Poplars Court
Lenton Lane
Nottingham
NG7 2PR
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