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REGISTERED NUMBER: 02634481 (England and Wales)















JOHN ARKWRIGHT & COMPANY LIMITED

Financial Statements

for the Year Ended 31 August 2024






JOHN ARKWRIGHT & COMPANY LIMITED (REGISTERED NUMBER: 02634481)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JOHN ARKWRIGHT & COMPANY LIMITED

Company Information
for the year ended 31 August 2024







Directors: J R C Arkwright
D R B Arkwright
M E C Wordsworth





Secretary: S L Arkwright





Registered office: C/O Cooper Parry
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 02634481 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

JOHN ARKWRIGHT & COMPANY LIMITED (REGISTERED NUMBER: 02634481)

Balance Sheet
31 August 2024

2024 2023
Notes £ £ £
Fixed assets
Intangible assets 4 6,752 7,791
Tangible assets 5 3,199 6,173
Investments 6 7,500 7,500
17,451 21,464

Current assets
Debtors 7 391,225 364,060
Cash at bank 241,709 220,213
632,934 584,273
Creditors
Amounts falling due within one year 8 243,983 212,278
Net current assets 388,951 371,995
Total assets less current liabilities 406,402 393,459

Provisions for liabilities 848 848
Net assets 405,554 392,611

Capital and reserves
Called up share capital 10 40,000 40,000
Retained earnings 365,554 352,611
Shareholders' funds 405,554 392,611

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

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

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 8 May 2025 and were signed on its behalf by:





D R B Arkwright - Director


JOHN ARKWRIGHT & COMPANY LIMITED (REGISTERED NUMBER: 02634481)

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


1. Statutory information

John Arkwright & Company 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.

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
Turnover represents amounts receivable for services net of VAT.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs have been fully amortised.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixture, fittings & equipment33% straight line

The gain or loss arsing on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investments in subsidiaries
Fixed asset investments are stated at cost less provision for diminution in value.

Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and bank balances, are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and loans from fellow group companies, are recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised at transaction price.

JOHN ARKWRIGHT & COMPANY LIMITED (REGISTERED NUMBER: 02634481)

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


2. Accounting policies - continued

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.

Cash at bank and in hand
Cash at bank is a basic financial asset which includes deposits held at call with banks.

3. Employees and directors

The average number of employees during the year was 9 (2023 - 9 ) .

4. Intangible fixed assets
Development
costs
£
Cost
At 1 September 2023
and 31 August 2024 10,388
Amortisation
At 1 September 2023 2,597
Amortisation for year 1,039
At 31 August 2024 3,636
Net book value
At 31 August 2024 6,752
At 31 August 2023 7,791

5. Tangible fixed assets
Fixtures
and
fittings
£
Cost
At 1 September 2023 63,349
Additions 280
At 31 August 2024 63,629
Depreciation
At 1 September 2023 57,176
Charge for year 3,254
At 31 August 2024 60,430
Net book value
At 31 August 2024 3,199
At 31 August 2023 6,173

JOHN ARKWRIGHT & COMPANY LIMITED (REGISTERED NUMBER: 02634481)

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


6. Fixed asset investments
Shares in
group
undertakings
£
Cost
At 1 September 2023
and 31 August 2024 7,500
Net book value
At 31 August 2024 7,500
At 31 August 2023 7,500

7. Debtors
2024 2023
£ £
Amounts falling due within one year:
Trade debtors 222,513 177,011
Other debtors 18,547 22,047
Directors' current accounts 32,113 31,709
Prepayments 28,991 76,714
302,164 307,481

Amounts falling due after more than one year:
Amounts owed by group undertakings 89,061 56,579

Aggregate amounts 391,225 364,060

8. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 40,914 43,616
Tax - 3,139
Social security and other taxes 11,598 16,540
VAT 63,863 38,800
Other creditors 1,460 1,215
Accrued expenses 126,148 108,968
243,983 212,278

9. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Between one and five years 30,000 50,000

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
40,000 Ordinary shares 1 40,000 40,000

JOHN ARKWRIGHT & COMPANY LIMITED (REGISTERED NUMBER: 02634481)

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


11. Directors' advances, credits and guarantees

Included in other debtors at the year end is £32,114 (2023: £31,709) due from our directors and £89,061 (2023: £56,579) due from the subsidiary company.