R.O.Arnold,Limited

	Page
Strategic Report	1
Directors' Report	2—3
Independent Auditor's Report	4—7
Statement of Comprehensive Income	8
Balance Sheet	9—10
Statement of Changes in Equity	11
Notes to the Financial Statements	12—20

The directors present their strategic report for the year ended 31 December 2024.

Review of the Business

The company is proud to report that it has now been operating for over 100 years.

The directors satisfied with the company performance and continued profitability.

The directors consider the following to be the key performance indicators

	2024	2023
Turnover	14,615,688	10,031,119
Gross profit	4,048,201	2,838,225
Gross profit margin	27.7%	28.2%

The directors are pleased that the company has been able to maintain it's margin. Overall activity has increased as expected following the end of the pandemic as the public are now more inclined to focus on potential home improvement projects.

The directors continue to monitor the product range to ensure that it evolves which will ensure the company stays relevant.

The directors continue to feel that profits should be re-invested.

Principal Risks and Uncertainties

The key risks and uncertainties to the business include the potential threat of our competitors which could put a downward pressure on gross margins. Our relationship with key suppliers is also fundamental to the business. It is a difficult market with innovations which we must embrace and to which we must adapt.

With these risks and uncertainties in mind, we are aware that any plans for the future development of the business may be subject to unforeseen future events outside of our control. We shall therefore continue to monitor all of the key risks and uncertainties and will take appropriate actions to mitigate these risks and their potential outcomes.

On behalf of the board

Mrs C Gaylor

Director

30/09/2025

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R.O.Arnold,Limited

Company No. 00191363

Directors' Report For The Year Ended 31 December 2024

Directors' Report

The directors present their report and the financial statements for the year ended 31 December 2024.

Principal Activity

The company's principal activity continues to be that of the manufacture of fireplaces and wholesale of home improvement goods.

Directors

The directors who held office during the year were as follows:

Mrs E V Hince

Mr L Walters

Mrs C Gaylor

Mr G Baker

Statement of Directors' Responsibilities

The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

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R.O.Arnold,Limited

Directors' Report (continued)

For The Year Ended 31 December 2024

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Directors' Report is approved:

so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Independent Auditors

The auditors, A Wigglesworth & Company Ltd, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.

On behalf of the board

Mrs C Gaylor

Director

30/09/2025

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Page 4

Independent Auditor's Report

to the Members of

R.O.Arnold,Limited

Independent Auditor's Report

Opinion

We have audited the financial statements of R.O.Arnold,Limited for the year ended 31 December 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes of Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit/(loss) for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for Opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions Relating to Going Concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other Information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

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Independent Auditor's Report (continued)

to the Members of

R.O.Arnold,Limited

Opinions on Other Matters Prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

Matters on Which We Are Required to Report by Exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records or returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.

Responsibilities of Directors

As explained more fully in the Directors' Responsibilities Statement set out on page 2—3, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

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Independent Auditor's Report (continued)

to the Members of

R.O.Arnold,Limited

Auditor's Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The company is subject to laws and regulations that directly and indirectly affect the financial statements. Based on our understanding of the company and the environment it operates within, we determined that the laws and regulations which were most significant included FRS 102, Companies Act 2006 and Health and Safety regulations. We considered the extent to which non-compliance with these laws and regulations might have a material effect on the financial statements, including how fraud might occur. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to the posting of inappropriate journal entries to improve the company's result for the period, and management bias in key accounting estimates.

Audit procedures performed by the engagement team included:

- Discussions with management and those responsible for legal compliance procedures within the company to obtain an understanding of the legal and regulatory framework applicable to the company and how the company complies with that framework, including consideration of known or suspected instances of non-compliance with laws and regulations and fraud;

- Identifying and assessing the design effectiveness of controls that management has in place to prevent and detect fraud and non-compliance with laws and regulations;

- Challenging assumptions and judgements made by management in their significant accounting estimates;

- Identifying and testing journal entries, in particular any journal entries posted with unusual account combinations or posted by senior management.

There are inherent limitations in the audit procedures described above and the more removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use Of Our Report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

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Independent Auditor's Report (continued)

to the Members of

R.O.Arnold,Limited

A Wigglesworth (Senior Statutory Auditor)

for and on behalf of A Wigglesworth & Company Ltd , Statutory Auditor

30/09/2025

A Wigglesworth & Company Ltd

Armstrong House, First Avenue

Finningley

Doncaster

South Yorkshire

DN9 3GA

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R.O.Arnold,Limited

Statement of Comprehensive Income

For The Year Ended 31 December 2024

Statement of Comprehensive Income

		2024	2023
	Notes	£	£
TURNOVER		14,615,688	10,031,119
Cost of sales		(10,567,487 )	(7,192,894 )

GROSS PROFIT		4,048,201	2,838,225

Distribution costs		(2,272,840 )	(1,729,994 )
Administrative expenses		(1,986,017 )	(1,677,047 )
Other operating income		482,000	700,000

OPERATING PROFIT	3	271,344	131,184
Income from Shares in group undertakings		92,234	110,796
Other interest receivable and similar income	8	5,756	320
Interest payable and similar charges	9	(34,234 )	(25,816 )

PROFIT BEFORE TAXATION		335,100	216,484
Tax on Profit	10	(87,561 )	(67,184 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR		247,539	149,300
OTHER COMPREHENSIVE INCOME FOR THE YEAR		-	-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR		247,539	149,300

The notes on pages 12 to 20 form part of these financial statements.

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R.O.Arnold,Limited

Balance Sheet

As At 31 December 2024

Balance Sheet

Registered number: 00191363

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	12		2,981,418		2,049,173
Investments	13		140		140

			2,981,558		2,049,313
CURRENT ASSETS
Stocks	14	2,555,353		2,542,889
Debtors	15	12,801,979		10,812,854
Cash at bank and in hand		119,579		176,001

		15,476,911		13,531,744
Creditors: Amounts Falling Due Within One Year	16	(11,348,847 )		(9,360,241 )

NET CURRENT ASSETS (LIABILITIES)			4,128,064		4,171,503

TOTAL ASSETS LESS CURRENT LIABILITIES			7,109,622		6,220,816

Creditors: Amounts Falling Due After More Than One Year	17		(942,899 )		(377,517 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	20		(199,245 )		(123,360 )

NET ASSETS			5,967,478		5,719,939

CAPITAL AND RESERVES
Called up share capital	22		3,000		3,000
Profit and Loss Account			5,964,478		5,716,939

SHAREHOLDERS' FUNDS			5,967,478		5,719,939

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R.O.Arnold,Limited

Balance Sheet (continued)

As At 31 December 2024

On behalf of the board

Mrs C Gaylor

Director

30/09/2025

The notes on pages 12 to 20 form part of these financial statements.

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R.O.Arnold,Limited

Statement of Changes in Equity

For The Year Ended 31 December 2024

Statement of Changes in Equity

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 January 2023	3,000	5,567,639	5,570,639
Profit for the year and total comprehensive income	-	149,300	149,300

As at 31 December 2023 and 1 January 2024	3,000	5,716,939	5,719,939


Profit for the year and total comprehensive income	-	247,539	247,539

As at 31 December 2024	3,000	5,964,478	5,967,478

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R.O.Arnold,Limited

Notes to the Financial Statements

For The Year Ended 31 December 2024

Notes to the Financial Statements

1. General Information

R.O.Arnold,Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00191363 . The registered office is The Housewarming Centre, Wheatley Hall Road, Wheatley, Doncaster, South Yorkshire, DN2 4NY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of five years.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are initially measured at cost. It is amortised to the profit and loss account over its estimated economic life of ten years.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:

Freehold	1% on cost
Plant & Machinery	15% on reducing balance
Motor Vehicles	20% on reducing balance
Fixtures & Fittings	15% on reducing balance

2.6. Investments

Investments in subsidiary undertakungs are recognised at cost.

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R.O.Arnold,Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.7. Leasing and Hire Purchase Contracts

Assets obtained under 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 the profit and loss account as incurred.

2.8. 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 is determined using the first-in, first-out method. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the profit and loss account. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss account.

2.9. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.10. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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R.O.Arnold,Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.10. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Operating Profit

The operating profit is stated after charging:

	2024	2023
	£	£
Bad debts	21,738	17,858
Depreciation of tangible fixed assets	150,929	102,570

4. Auditor's Remuneration

Remuneration received by the company's auditors and their associates during the year was as follows:

	2024	2023
	£	£
Audit Services
Audit of the company's financial statements	21,450	22,910

5. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2024	2023
	£	£
Wages and salaries	2,416,651	1,911,419
Social security costs	235,077	191,448
Other pension costs	45,317	38,127

	2,697,045	2,140,994

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R.O.Arnold,Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Average Number of Employees

Average number of employees, including directors, during the year was as follows:

	2024	2023
Sales	13	13
Distribution	17	17
Production & purchasing	22	22
Administration	13	13

	65	65

7. Directors' remuneration

	2024	2023
	£	£
Emoluments	369,830	360,873
Company contributions to money purchase pension schemes	8,362	5,963

	378,192	366,836

8. Interest Receivable and Similar Income

	2024	2023
	£	£
Bank interest receivable	5,756	320
Dividends from shares in subsidiaries	92,234	110,796

	97,990	111,116

9. Interest Payable and Similar Charges

	2024	2023
	£	£
Bank loans and overdrafts	23,603	23,050
Finance charges payable under finance leases and hire purchase contracts	10,261	2,702
Other finance charges	370	64

	34,234	25,816

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R.O.Arnold,Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

10. Tax on Profit

	Tax Rate		2024	2023
The tax charge on the profit for the year was as follows:
	2024	2023	£	£
Current tax
UK Corporation Tax	24.5%	23.5%	11,676	31,844
Deferred Tax
Deferred taxation			75,885	35,340


Total tax charge for the period			87,561	67,184


The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
			2024	2023
			£	£
Profit before tax			335,100	216,484

Tax on profit at 24.5% (UK standard rate)			82,113	50,874
Expenses not deductible for tax purposes			13,915	8,939
Capital allowances			(61,755 )	(1,932 )
Revenue exempt from taxation			(22,597 )	(26,037 )
Deferred tax from unrecognised tax loss or credit			75,885	35,340

Total tax charge for the period			87,561	67,184

11. Intangible Assets

	Goodwill	Development Costs	Total
	£	£	£
Cost
As at 1 January 2024	10,000	75,000	85,000

As at 31 December 2024	10,000	75,000	85,000

Amortisation
As at 1 January 2024	10,000	75,000	85,000

As at 31 December 2024	10,000	75,000	85,000

Net Book Value
As at 31 December 2024	-	-	-

As at 1 January 2024	-	-	-

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R.O.Arnold,Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

12. Tangible Assets

	Land & Property
	Freehold	Leasehold	Plant & Machinery	Motor Vehicles
	£	£	£	£
Cost
As at 1 January 2024	1,601,975	151,347	1,382,476	251,477
Additions	685,241	-	232,960	164,973

As at 31 December 2024	2,287,216	151,347	1,615,436	416,450

Depreciation
As at 1 January 2024	84,090	151,347	1,130,615	88,760
Provided during the period	18,687	-	51,167	63,569

As at 31 December 2024	102,777	151,347	1,181,782	152,329

Net Book Value
As at 31 December 2024	2,184,439	-	433,654	264,121

As at 1 January 2024	1,517,885	-	251,861	162,717


	Fixtures & Fittings	Total
	£	£
Cost
As at 1 January 2024	609,137	3,996,412
Additions	-	1,083,174

As at 31 December 2024	609,137	5,079,586

Depreciation
As at 1 January 2024	492,427	1,947,239
Provided during the period	17,506	150,929

As at 31 December 2024	509,933	2,098,168

Net Book Value
As at 31 December 2024	99,204	2,981,418

As at 1 January 2024	116,710	2,049,173

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R.O.Arnold,Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

13. Investments

	Associates
	£
Cost or Valuation
As at 1 January 2024	140

As at 31 December 2024	140

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	140

As at 1 January 2024	140

Investments in subsidiary undertakings are recognised at cost.

14. Stocks

	2024	2023
	£	£
Stock	2,555,353	2,542,889

15. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	2,551,145	1,748,483
Amounts owed by group undertakings	9,844,678	8,654,829
Other debtors	406,156	409,542

	12,801,979	10,812,854

16. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	65,528	35,992
Trade creditors	1,944,844	1,938,168
Bank loans and overdrafts	8,785,324	7,128,253
Payments on account	25,323	22,354
Corporation tax	11,676	31,845
Taxation and social security	512,366	199,844
Accruals and deferred income	3,786	3,785

	11,348,847	9,360,241

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R.O.Arnold,Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

The company's bank indebtedness is secured by means of a debenture and a legal charge over its freehold property.

Where amounts are due to HSBC Finance this is secured on the company's book debts. No such amounts were owed at the balance sheet date.

17. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	147,563	72,126
Bank loans	795,336	305,391

	942,899	377,517

The company's bank indebtedness is secured by means of a debenture and a legal charge over its freehold property.

18. Loans

An analysis of the maturity of loans is given below:

	2024	2023
	£	£
Amounts falling due within one year or on demand:
Bank loans	21,500	21,500

	2024	2023
	£	£
Amounts falling due between one and five years:
Bank loans	795,336	305,391

19. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	65,528	35,992
Later than one year and not later than five years	147,563	72,126

	213,091	108,118

	213,091	108,118

20. Deferred Taxation

The provision for deferred tax is made up as follows:

	2024	2023
	£	£
Other timing differences	199,245	123,360

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R.O.Arnold,Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

21. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 January 2024	123,360	123,360
Additions	75,885	75,885

Balance at 31 December 2024	199,245	199,245

22. Share Capital

	2024	2023
Allotted, called up and fully paid	£	£
3,000 Ordinary Shares of £ 1.00 each	3,000	3,000

23. Contingent Liabilities

The company has given unlimited guarantees securing the amounts of Fire-craft (Doncaster) Limited and Utopia Contracts Limited with Handelsbanken.

24. Related Party Disclosures

The company is a wholly owned subsidiary of Nutley Goring Holdings Limited at the balance sheet date.

The company has taken exemptions from disclosing the related party transactions relating to wholly owned subsidiaries.

At the year end date £8,651,395 (2023: £7,593,443) was due from Utopia Contracts Limited which is repayable on demand.

During the year support costs were recharged to Utopia Contracts Limited of £601,839 (2023: £787,198).

Goods bought from Utopia Contracts Limited in the year totalled £1,133 (2023: £19,006)

Goods sold to Utopia Contracts Limited in the year totalled £400,856 (2023: £356,029)

At the year end date £68,274 (2023: £28,028) was due from Shoreline Ventures Limited for recharged costs.

Services bought from Shoreline Ventures Limited in the year totalled £3,450 (2023: £1,438)

Nutley Goring Holdings Limited is a company registered in England and Wales and is the largest and smallest group undertaking for which group accounts are prepared and made publicly available.

The company is consolidated in to the group accounts of Nutley Goring Holdings Limited.

25. Controlling Parties

The company's ultimate controlling party is Mrs C Gaylor who owns 84.1% of Nutley Goring Holdings Limited, the ultimate holding company of the Group.

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