REGISTERED NUMBER: 02289300 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

ARINWEST LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R M Wright

Mrs L J Wright

SECRETARY:

R M Wright

REGISTERED OFFICE:

Lavender Hill Services

Lynn Road

Heacham

Norfolk

PE31 7JE

REGISTERED NUMBER:

02289300 (England and Wales)

ACCOUNTANTS:

Wheelers

Chartered Accountants & Tax Consultants

27-29 Old Market

Wisbech

Cambridgeshire

PE13 1NE

FIXED ASSETS

Tangible assets

4

2,445,550

937,213

CURRENT ASSETS

Stocks

92,504

136,476

Debtors

5

1,426,311

1,194,868

Cash at bank and in hand

234,690

417,885

1,753,505

1,749,229

CREDITORS

Amounts falling due within one year

6

314,905

386,526

NET CURRENT ASSETS

1,438,600

1,362,703

TOTAL ASSETS LESS CURRENT LIABILITIES

3,884,150

2,299,916

CREDITORS

Amounts falling due after more than one year

7

(661,181

)

(715,506

)

PROVISIONS FOR LIABILITIES

(223,393

)

(28,000

)

NET ASSETS

2,999,576

1,556,410

CAPITAL AND RESERVES

Called up share capital

6

6

Revaluation reserve

9

1,693,408

311,984

Retained earnings

1,306,162

1,244,420

SHAREHOLDERS' FUNDS

2,999,576

1,556,410

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 17 December 2025 and were signed on its behalf by:

R M Wright - Director

1.	STATUTORY INFORMATION

Arinwest 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.

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 as modified by the revaluation of certain assets.

The directors believe that the company is well placed to manage its financial risks successfully and have reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future. Consequently, it continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Changes in accounting policies

During the year, the directors reviewed the accounting treatment applied to the company's freehold property and concluded that applying the revaluation model provides more relevant and reliable information to users of the financial statements. Accordingly, the company has changed its accounting policy for freehold property from the cost model to the revaluation model, in accordance with Section 17 of FRS 102.

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.

Freehold property

-

10% on cost and 2% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Freehold property is measured using the revaluation model less any subsequent accumulated deprecation and accumulated impairment losses. A provision for corporation tax on capital gains which would arise if in the future the freehold property was sold at the balance sheet value has also been recognised. Depreciation is charged at 2% straight line based on this. The net amount is not distributable and has been transferred to a revaluation reserve.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST OR VALUATION

At 1 April 2024

1,034,635

313,158

38,440

1,386,233

Additions

10,369

3,125

1,289

14,783

Disposals

-

(3,721

)

-

(3,721

)

Revaluations

1,120,724

-

-

1,120,724

Reclassification/transfer

234,272

(234,272

)

-

-

At 31 March 2025

2,400,000

78,290

39,729

2,518,019

DEPRECIATION

At 1 April 2024

180,482

240,141

28,397

449,020

Charge for year

36,932

11,574

2,688

51,194

Eliminated on disposal

-

(2,848

)

-

(2,848

)

Revaluation adjustments

(424,897

)

-

-

(424,897

)

Reclassification/transfer

207,483

(207,483

)

-

-

At 31 March 2025

-

41,384

31,085

72,469

NET BOOK VALUE

At 31 March 2025

2,400,000

36,906

8,644

2,445,550

At 31 March 2024

854,153

73,017

10,043

937,213

Cost or valuation at 31 March 2025 is represented by:

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

Valuation in 2025

2,400,000

-

-

2,400,000

Cost

-

78,290

39,729

118,019

2,400,000

78,290

39,729

2,518,019

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

31.3.25

31.3.24

£

£

Cost

890,612

-

Aggregate depreciation

409,221

-

Freehold land and buildings were valued on an open market basis on 6 September 2024 by Christie & Co .

Subsequently, Freehold land and buildings were valued on an open market basis on 31 March 2025 by the directors, who considered there to be no material variance in the valuation between 6 September 2024 and 31 March 2025.

5.

DEBTORS

31.3.25

31.3.24

£

£

Amounts falling due within one year:

Trade debtors

31,308

42,735

Other debtors

151,262

117,518

182,570

160,253

Amounts falling due after more than one year:

Other debtors

1,243,741

1,034,615

Aggregate amounts

1,426,311

1,194,868

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

54,325

54,325

Trade creditors

82,947

145,900

Taxation and social security

78,089

54,286

Other creditors

99,544

132,015

314,905

386,526

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

661,181

715,506

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

715,506

769,831

The bank loans and trade creditors are secured by charges over the assets of the company.

9.

RESERVES

Revaluation

reserve

£

At 1 April 2024

311,984

Revaluation

1,333,628

Depreciation transfer on

revaluation

47,796

At 31 March 2025

1,693,408

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

R M Wright and Mrs L J Wright

Balance outstanding at start of year

46,178

57,913

Amounts advanced

198,093

133,666

Amounts repaid

(111,000

)

(145,401

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

133,271

46,178

During the period interest was charged on directors' overdrawn loan accounts at 2.25%.

11.	RELATED PARTY DISCLOSURES

At the balance sheet date a loan amounting to £1,243,741 had been made to a company owned and controlled by family members of the directors. Interest of £37,200 was charged on the loan balance.