Acorah Software Products - Accounts Production 16.3.350 false true true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 04105954 Mr Duncan Campbell Mr Duncan Campbell Miss Rachel Campbell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04105954 2023-08-31 04105954 2024-08-31 04105954 2023-09-01 2024-08-31 04105954 frs-core:CurrentFinancialInstruments 2024-08-31 04105954 frs-core:Non-currentFinancialInstruments 2024-08-31 04105954 frs-core:BetweenOneFiveYears 2024-08-31 04105954 frs-core:MotorVehicles 2024-08-31 04105954 frs-core:MotorVehicles 2023-09-01 2024-08-31 04105954 frs-core:MotorVehicles 2023-08-31 04105954 frs-core:PlantMachinery 2024-08-31 04105954 frs-core:PlantMachinery 2023-09-01 2024-08-31 04105954 frs-core:PlantMachinery 2023-08-31 04105954 frs-core:WithinOneYear 2024-08-31 04105954 frs-core:ShareCapital 2024-08-31 04105954 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 04105954 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 04105954 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 04105954 frs-bus:SmallEntities 2023-09-01 2024-08-31 04105954 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 04105954 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 04105954 frs-bus:Director1 2023-09-01 2024-08-31 04105954 frs-bus:Director2 2023-09-01 2024-08-31 04105954 frs-bus:CompanySecretary1 2023-09-01 2024-08-31 04105954 frs-countries:EnglandWales 2023-09-01 2024-08-31 04105954 2022-08-31 04105954 2023-08-31 04105954 2022-09-01 2023-08-31 04105954 frs-core:CurrentFinancialInstruments 2023-08-31 04105954 frs-core:Non-currentFinancialInstruments 2023-08-31 04105954 frs-core:BetweenOneFiveYears 2023-08-31 04105954 frs-core:MotorVehicles 2022-09-01 2023-08-31 04105954 frs-core:WithinOneYear 2023-08-31 04105954 frs-core:ShareCapital 2023-08-31 04105954 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 04105954
Arrow Leisure Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 04105954
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 118,627 118,505
118,627 118,505
CURRENT ASSETS
Stocks 5 12,000 15,000
Debtors 6 17,484 121,591
Cash at bank and in hand 35,204 29,549
64,688 166,140
Creditors: Amounts Falling Due Within One Year 7 (196,633 ) (285,604 )
NET CURRENT ASSETS (LIABILITIES) (131,945 ) (119,464 )
TOTAL ASSETS LESS CURRENT LIABILITIES (13,318 ) (959 )
Creditors: Amounts Falling Due After More Than One Year 8 (17,747 ) (41,480 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 (17,396 ) (16,374 )
NET LIABILITIES (48,461 ) (58,813 )
CAPITAL AND RESERVES
Called up share capital 11 2 2
Income Statement (48,463 ) (58,815 )
SHAREHOLDERS' FUNDS (48,461) (58,813)
Page 1
Page 2
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Duncan Campbell
Director
28/05/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Arrow Leisure Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04105954 . The registered office is Unit 2 Primrose Nursery, London Road, Twyford, Berkshire, RG10 9HW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Going Concern Disclosure
The financial statements have been prepared on a going concern basis, the validity of which is dependent upon the continued support of the creditors and directors.
2.3. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% on reducing balance
Motor Vehicles 25% on reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.7. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date.
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2.8. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, directors report, and notes to the financial statements relating to the income statement. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
3. Average Number of Employees
Average number of employees, including directors, during the year was  2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 September 2023 331,256 86,072 417,328
Additions 28,025 - 28,025
As at 31 August 2024 359,281 86,072 445,353
Depreciation
As at 1 September 2023 235,885 62,938 298,823
Provided during the period 22,120 5,783 27,903
As at 31 August 2024 258,005 68,721 326,726
Net Book Value
As at 31 August 2024 101,276 17,351 118,627
As at 1 September 2023 95,371 23,134 118,505
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles 17,181 22,908
5. Stocks
2024 2023
£ £
Materials 12,000 15,000
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 13,000 116,427
Other debtors 4,484 5,164
17,484 121,591
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 14,409 8,319
Trade creditors 122,733 225,469
Bank loans and overdrafts 10,000 10,000
Corporation tax 7,042 3,026
Other taxes and social security 3,087 1,205
VAT 14,892 12,901
Other creditors 16,356 16,031
Sundry creditors & accruals 8,075 8,625
Directors' loan accounts 39 28
196,633 285,604
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 4,084 18,039
Bank loans 13,663 23,441
17,747 41,480
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 14,409 8,773
Later than one year and not later than five years 4,084 18,039
18,493 26,812
Less: Finance charges allocated to future periods - 454
18,493 26,358
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10. Deferred Taxation
The provision for deferred taxation is made up of accelerated capital allowances
2024 2023
£ £
Other timing differences 17,396 16,374
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 3,516 5,274
Later than one year and not later than five years - 3,516
3,516 8,790
13. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mr Duncan Campbell 13,000 18,000
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