Registered number
02501667
Arborfor Limited
Filleted Accounts
31 May 2024
Malcolm Franke & Co Ltd
Chartered Accountants
Arborfor Limited
Registered number: 02501667
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 3,402 3,091
Current assets
Stock 350 787
Debtors 4 3,710 3,360
Bank account 3,632 1,548
7,692 5,695
Creditors: amounts falling due within one year 5 (16,738) (23,171)
Net current liabilities (9,046) (17,476)
Net liabilities (5,644) (14,385)
Capital and reserves
Called up share capital 2 2
Profit and loss account (5,646) (14,387)
Shareholder's funds (5,644) (14,385)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
B G L Turner
Director
Date: 12 February 2025
Arborfor Limited
Notes to the Accounts
for the year ended 31 May 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. Turnover includes revenue earned from the sale of goods and from the rendering of services.
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 at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Office equipment 20% of reducing balance
Plant and machinery 15% of reducing balance
Motor vehicles 20% of reducing balance
Stock
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. 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, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. 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. 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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Office equipment Plant and machinery Motor vehicles Total
£ £ £ £
Cost
At 1 June 2023 2,886 27,025 4,350 34,261
Additions 489 467 - 956
At 31 May 2024 3,375 27,492 4,350 35,217
Depreciation
At 1 June 2023 2,629 24,217 4,324 31,170
Charge for the year 149 491 5 645
At 31 May 2024 2,778 24,708 4,329 31,815
Net book value
At 31 May 2024 597 2,784 21 3,402
At 31 May 2023 257 2,808 26 3,091
4 Debtors 2024 2023
£ £
Trade debtors 745 3,360
Accrued income 2,965 -
3,710 3,360
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors and accruals 4,214 3,411
Director's loan 12,524 19,760
16,738 23,171
6 Continuing financial support
The future of the company remains dependent upon the continuing financial support of the sole director and shareholder, B G L Turner. With such support having been confirmed, the accounts have been prepared on a going concern basis.
7 Other information
Arborfor Limited is a private company limited by shares and incorporated in England. Its registered office is:
Houghton House
Ringmore
Kingsbridge
Devon
TQ7 4HH
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