Arraquip Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 1391300

Arraquip Limited

Filleted Unaudited Financial Statements

For the year ended

31 March 2025

Arraquip Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		229,548	115,109

Current assets

Stocks		1,660,050	1,506,266
Debtors	7	1,418,502	1,955,782
Cash at bank and in hand		146,194	211,578
		-------------	-------------
		3,224,746	3,673,626

Creditors: amounts falling due within one year	8	1,872,747		2,234,534
		-------------		-------------
Net current assets			1,351,999	1,439,092
			-------------	-------------
Total assets less current liabilities			1,581,547	1,554,201

Creditors: amounts falling due after more than one year	9		38,657	70,183

Provisions

Taxation including deferred tax	20,491	20,745
	-------------	-------------
Net assets	1,522,399	1,463,273
	-------------	-------------

Arraquip Limited

Statement of Financial Position (continued)

31 March 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital	100,000	100,000
Profit and loss account	1,422,399	1,363,273
	-------------	-------------
Shareholders funds	1,522,399	1,463,273
	-------------	-------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 23 October 2025 , and are signed on behalf of the board by:

C Gilbert

Director

Company registration number: 1391300

Arraquip Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Withambrook Industrial Estate, Londonthorpe Road, Grantham, Lincs, NG31 9ST.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through statement of income and retained earnings.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows: Depreciation The annual depreciation charge for each class of tangible asset is based on estimate of the useful economic life of the respective assets. This is reviewed periodically by the directors to ensure that they reflect both the external and internal factors.

Revenue recognition

The turnover shown in the statement of comprehensive income is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold improvements	-	10% reducing balance
Plant and machinery	-	15% reducing balance
Fixtures and fittings	-	15% reducing balance
Motor vehicles	-	15% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 19 (2024: 19 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 April 2024	18,051	46,487	10,161	221,417	296,116
Additions	100,078	9,289	30,139	–	139,506
	----------	---------	---------	----------	----------
At 31 March 2025	118,129	55,776	40,300	221,417	435,622
	----------	---------	---------	----------	----------
Depreciation
At 1 April 2024	694	30,367	7,970	141,976	181,007
Charge for the year	1,337	3,398	1,718	18,614	25,067
	----------	---------	---------	----------	----------
At 31 March 2025	2,031	33,765	9,688	160,590	206,074
	----------	---------	---------	----------	----------
Carrying amount
At 31 March 2025	116,098	22,011	30,612	60,827	229,548
	----------	---------	---------	----------	----------
At 31 March 2024	17,357	16,120	2,191	79,441	115,109
	----------	---------	---------	----------	----------

6. Investments

	Shares in group undertakings
	£
Cost
At 1 April 2024 and 31 March 2025	1,000
	-------
Impairment
At 1 April 2024 and 31 March 2025	1,000
	-------

Carrying amount
At 31 March 2025	–
	-------
At 31 March 2024	–
	-------

The company owns 100% of Arraquip Steelstock Limited, a company which is dormant.

7. Debtors

	2025	2024
	£	£
Trade debtors	930,960	1,539,713
Amounts owed by group undertakings and undertakings in which the company has a participating interest	470,934	413,181
Other debtors	16,608	2,888
	-------------	-------------
	1,418,502	1,955,782
	-------------	-------------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	184,468	272,264
Trade creditors	1,568,887	1,756,204
Social security and other taxes	103,711	190,930
Other creditors	15,681	15,136
	-------------	-------------
	1,872,747	2,234,534
	-------------	-------------

Bank loans and overdrafts are secured on assets held in the company. Included in other creditors are hire purchase liabilities which are secured on the assets to which they relate.

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	38,657	70,183
	---------	---------

Bank loans and overdrafts are secured on assets held in the company.

10. Directors' advances, credits and guarantees

The directors operate a loan account with the company which remained in credit throughout the year.

11. Controlling party

The company is under the control of Arraquip Holdings Limited, a company incorporated in England & Wales. The ultimate controlling party is C Gilbert .