Caseware UK (AP4) 2024.0.164 2024.0.164 falsetrue2023-08-01falseNo description of principal activity33trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02834645 2023-08-01 2024-07-31 02834645 2022-08-01 2023-07-31 02834645 2024-07-31 02834645 2023-07-31 02834645 2022-08-01 02834645 c:Director1 2023-08-01 2024-07-31 02834645 d:PlantMachinery 2023-08-01 2024-07-31 02834645 d:PlantMachinery 2024-07-31 02834645 d:PlantMachinery 2023-07-31 02834645 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 02834645 d:MotorVehicles 2023-08-01 2024-07-31 02834645 d:MotorVehicles 2024-07-31 02834645 d:MotorVehicles 2023-07-31 02834645 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 02834645 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 02834645 d:CurrentFinancialInstruments 2024-07-31 02834645 d:CurrentFinancialInstruments 2023-07-31 02834645 d:Non-currentFinancialInstruments 2024-07-31 02834645 d:Non-currentFinancialInstruments 2023-07-31 02834645 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 02834645 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 02834645 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 02834645 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 02834645 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-07-31 02834645 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-07-31 02834645 d:ShareCapital 2023-08-01 2024-07-31 02834645 d:ShareCapital 2024-07-31 02834645 d:ShareCapital 2023-07-31 02834645 d:ShareCapital 2022-08-01 02834645 d:CapitalRedemptionReserve 2023-08-01 2024-07-31 02834645 d:CapitalRedemptionReserve 2024-07-31 02834645 d:CapitalRedemptionReserve 2023-07-31 02834645 d:CapitalRedemptionReserve 2022-08-01 02834645 d:RetainedEarningsAccumulatedLosses 2023-08-01 2024-07-31 02834645 d:RetainedEarningsAccumulatedLosses 2024-07-31 02834645 d:RetainedEarningsAccumulatedLosses 2022-08-01 2023-07-31 02834645 d:RetainedEarningsAccumulatedLosses 2023-07-31 02834645 d:RetainedEarningsAccumulatedLosses 2022-08-01 02834645 c:FRS102 2023-08-01 2024-07-31 02834645 c:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 02834645 c:FullAccounts 2023-08-01 2024-07-31 02834645 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 02834645 d:WithinOneYear 2024-07-31 02834645 d:WithinOneYear 2023-07-31 02834645 d:BetweenOneFiveYears 2024-07-31 02834645 d:BetweenOneFiveYears 2023-07-31 02834645 d:AcceleratedTaxDepreciationDeferredTax 2024-07-31 02834645 d:AcceleratedTaxDepreciationDeferredTax 2023-07-31 02834645 2 2023-08-01 2024-07-31 02834645 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 02834645










Arundel Builders Ltd








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 July 2024

 
Arundel Builders Ltd
 
  
Chartered Accountants' Report to the Director on the preparation of the Unaudited Statutory Financial Statements of Arundel Builders Ltd for the Year Ended 31 July 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Arundel Builders Ltd for the year ended 31 July 2024 which comprise  the Balance Sheet, the Statement of Changes in Equity and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Arundel Builders Ltd in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Arundel Builders Ltd and state those matters that we have agreed to state to the director of Arundel Builders Ltd in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Arundel Builders Ltd and its director for our work or for this report. 

It is your duty to ensure that Arundel Builders Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Arundel Builders Ltd. You consider that Arundel Builders Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Arundel Builders Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
Chartered Accountants
9 Donnington Park
85 Birdham Road
Chichester
West Sussex
PO20 7AJ
12 March 2025
Page 1

 
Arundel Builders Ltd
Registered number: 02834645

Balance Sheet
As at 31 July 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
12,096
25,486

  
12,096
25,486

Current assets
  

Stocks
  
6,811
18,248

Debtors: amounts falling due within one year
 5 
68,343
54,526

Cash at bank and in hand
  
52,942
163,014

  
128,096
235,788

Creditors: amounts falling due within one year
 6 
(58,856)
(100,002)

Net current assets
  
 
 
69,240
 
 
135,786

Total assets less current liabilities
  
81,336
161,272

Creditors: amounts falling due after more than one year
 7 
(9,587)
(19,841)

Provisions for liabilities
  

Deferred tax
 9 
(3,024)
(6,372)

  
 
 
(3,024)
 
 
(6,372)

Net assets
  
68,725
135,059

Page 2

 
Arundel Builders Ltd
Registered number: 02834645

Balance Sheet (continued)
As at 31 July 2024

2024
2023
£
£

Capital and reserves
  

Called up share capital 
  
500
1,000

Capital redemption reserve
  
500
-

Profit and loss account
  
67,725
134,059

  
68,725
135,059


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
D M Andrews
Director
Date: 12 March 2025

The notes on pages 5 to 11 form part of these financial statements.

Page 3

 
Arundel Builders Ltd
 

Statement of Changes in Equity
For the Year Ended 31 July 2024


Called up share capital
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£


At 1 August 2022
1,000
-
103,141
104,141


Comprehensive income for the year

Profit for the year
-
-
120,918
120,918


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(90,000)
(90,000)



At 1 August 2023
1,000
-
134,059
135,059


Comprehensive income for the year

Profit for the year
-
-
51,666
51,666


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(48,000)
(48,000)

Purchase of own shares
-
500
(70,000)
(69,500)

Shares redeemed during the year
(500)
-
-
(500)


At 31 July 2024
500
500
67,725
68,725


The notes on pages 5 to 11 form part of these financial statements.

Page 4

 
Arundel Builders Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 July 2024

1.


General information

Arundel Builders Ltd is a private company limited by share capital incorporated in England and Wales, with the registration number 02834645.
The Company's registered office is Cricket Hill Farm, London Road, Arundel, West Sussex BN18 9LJ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 5

 
Arundel Builders Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 July 2024

2.Accounting policies (continued)

 
2.3

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 charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided as follows:

Plant and machinery
-
15%
per annum
Motor vehicles
-
35%
per annum

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

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.

 
2.6

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Page 6

 
Arundel Builders Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 July 2024

2.Accounting policies (continued)

 
2.7

Creditors

Short-term 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.

 
2.8

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.10

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.11

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.12

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 7

 
Arundel Builders Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 July 2024

2.Accounting policies (continued)

 
2.13

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.



3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 8

 
Arundel Builders Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 July 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost


At 1 August 2023
32,962
41,085
74,047


Additions
469
-
469


Disposals
(20,178)
-
(20,178)



At 31 July 2024

13,253
41,085
54,338



Depreciation


At 1 August 2023
15,129
33,432
48,561


Charge for the year on owned assets
2,709
2,678
5,387


Disposals
(11,706)
-
(11,706)



At 31 July 2024

6,132
36,110
42,242



Net book value



At 31 July 2024
7,121
4,975
12,096



At 31 July 2023
17,833
7,653
25,486


5.


Debtors

2024
2023
£
£


Trade debtors
67,102
39,265

Prepayments and accrued income
1,241
1,091

Amounts recoverable on long-term contracts
-
14,170

68,343
54,526


Page 9

 
Arundel Builders Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 July 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,270
9,998

Trade creditors
9,800
19,928

Corporation tax
17,272
32,282

Other taxation and social security
15,079
31,392

Other creditors
2,535
2,452

Accruals and deferred income
3,900
3,950

58,856
100,002



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
9,587
19,841



8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,270
9,998


Amounts falling due 1-5 years

Bank loans
9,587
19,841


19,857
29,839


Page 10

 
Arundel Builders Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 July 2024

9.


Deferred taxation




2024


£






At beginning of year
(6,372)


Charged to profit or loss
3,348



At end of year
(3,024)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(3,024)
(6,372)

(3,024)
(6,372)


10.


Reserves

Capital redemption reserve

The Capital redemption reserve represents the cumulative effect of the buy-back of the Company's own shares.

Profit and loss account

The profit and loss reserve represents cumulative profits or losses, net of dividends paid and other adjustments.


11.


Pension commitments

The Company operates a defined contributions pension scheme. The pension cost charge represents contributions payable by the Company to the fund and amounted to £1,392 (2023 - £1,076). The amount payable to the pension scheme at the year end was £nil (2023: £nil).


12.


Commitments under operating leases

At 31 July 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
7,000
7,000

Later than 1 year and not later than 5 years
583
7,583

7,583
14,583


Page 11