REGISTERED NUMBER: 09976855 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

ARKELL & WILLS LTD

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Chartered accountants' report

7

DIRECTORS:

Mrs D L Critchley

Mrs N E Wills

REGISTERED OFFICE:

6 Pittville Lawn

Cheltenham

Gloucestershire

GL52 2BD

REGISTERED NUMBER:

09976855 (England and Wales)

ACCOUNTANTS:

Mitchell Glanville Limited

2nd Floor

Cumberland House

Oriel Road

Cheltenham

Gloucestershire

GL50 1BB

FIXED ASSETS

Tangible assets

4

984

1,312

CURRENT ASSETS

Stocks

5

18,360

19,590

Debtors

6

2,325

28,224

Cash at bank and in hand

-

727

20,685

48,541

CREDITORS

Amounts falling due within one year

7

110,098

113,462

NET CURRENT LIABILITIES

(89,413

)

(64,921

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(88,429

)

(63,609

)

CREDITORS

Amounts falling due after more than one year

8

1,045

1,429

NET LIABILITIES

(89,474

)

(65,038

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(89,574

)

(65,138

)

SHAREHOLDERS' FUNDS

(89,474

)

(65,038

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 31 October 2025 and were signed on its behalf by:

Mrs N E Wills - Director

Mrs D L Critchley - Director

1.	STATUTORY INFORMATION

Arkell & Wills Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on reducing balance

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 February 2024

and 31 January 2025

11,884

DEPRECIATION

At 1 February 2024

10,572

Charge for year

328

At 31 January 2025

10,900

NET BOOK VALUE

At 31 January 2025

984

At 31 January 2024

1,312

5.

STOCKS

2025

2024

£

£

Stocks

18,360

19,590

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,692

5,510

Deferred tax asset

-

22,714

Prepayments

633

-

2,325

28,224

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

9,963

16,611

Trade creditors

1,608

(1,446

)

VAT

1,396

1,719

Other creditors

61,815

61,719

Directors' current accounts

34,766

34,309

Accrued expenses

550

550

110,098

113,462

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

1,045

1,429

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

1,579

7,178

The loan is secured on a fixed and floating charge over all assets.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in creditors is a balance owed to the directors of £34,612 (2024 - £34,309). These loans have no repayment terms and do not attract interest.

11.	RELATED PARTY DISCLOSURES

Included within other creditors are amounts owed to family members of the directors totalling £61,815 (2024 - £61,719). These amounts have no repayment terms and do not attract interest.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance sheet. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Arkell & Wills Ltd for the year ended 31 January 2025 which comprise the Income statement, Balance sheet 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Arkell & Wills Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Arkell & Wills Ltd and state those matters that we have agreed to state to the Board of Directors of Arkell & Wills Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Arkell & Wills Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Arkell & Wills 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 loss of Arkell & Wills Ltd. You consider that Arkell & Wills Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Arkell & Wills 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.

Mitchell Glanville Limited

2nd Floor

Cumberland House

Oriel Road

Cheltenham

Gloucestershire

GL50 1BB

31 October 2025