REGISTERED NUMBER: 02030525 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2025

for

A.R.K.S Tool Hire Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S A Millichip

A V Millichip

SECRETARY:

Mrs R A Millichip

REGISTERED OFFICE:

Building 22 Bay 7

Off First Avenue

Pensnett Trading Estate

Brierley Hill

West Midlands

DY6 7TD

REGISTERED NUMBER:

02030525 (England and Wales)

ACCOUNTANTS:

Dalton Pardoe Limited

Chartered Accountants

794 High Street

Kingswinford

West Midlands

DY6 8BQ

FIXED ASSETS

Tangible assets

4

12,913

15,865

CURRENT ASSETS

Stocks

5

3,264

5,256

Debtors

6

82,241

115,912

Cash at bank and in hand

7,873

8,462

93,378

129,630

CREDITORS

Amounts falling due within one year

7

96,291

117,630

NET CURRENT (LIABILITIES)/ASSETS

(2,913

)

12,000

TOTAL ASSETS LESS CURRENT LIABILITIES

10,000

27,865

PROVISIONS FOR LIABILITIES

3,228

3,014

NET ASSETS

6,772

24,851

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

6,672

24,751

SHAREHOLDERS' FUNDS

6,772

24,851

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 30 October 2025 and were signed on its behalf by:

S A Millichip - Director

1.	STATUTORY INFORMATION

A.R.K.S Tool Hire 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.

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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 5 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 March 2024

261,490

16,149

19,310

6,030

302,979

Additions

464

-

-

-

464

At 28 February 2025

261,954

16,149

19,310

6,030

303,443

DEPRECIATION

At 1 March 2024

247,381

15,971

18,494

5,268

287,114

Charge for year

2,994

27

204

191

3,416

At 28 February 2025

250,375

15,998

18,698

5,459

290,530

NET BOOK VALUE

At 28 February 2025

11,579

151

612

571

12,913

At 29 February 2024

14,109

178

816

762

15,865

5.

STOCKS

28.2.25

29.2.24

£

£

Stocks

3,264

5,256

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

53,628

67,473

Directors' current accounts

24,782

48,439

Prepayments and accrued income

3,831

-

82,241

115,912

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans and overdrafts

29,165

34,722

Trade creditors

36,947

29,667

Tax

11,154

23,202

Social security and other taxes

791

792

Net wages

-

1,572

VAT

3,213

6,116

Other creditors

249

-

Directors' current accounts

12,858

19,856

Accrued expenses

1,914

1,703

96,291

117,630

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.25

29.2.24

value:

£

£

100

Ordinary

1

100

100

9.

RESERVES

Retained

earnings

£

At 1 March 2024

24,751

Profit for the year

41,921

Dividends

(60,000

)

At 28 February 2025

6,672

10.	RELATED PARTY DISCLOSURES

Dividends to the amount of £36,000 were paid to S Millichip during the year under review.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is S A Millichip.