A R Banks Ltd - Accounts to registrar (filleted) - small 18.2

A R Banks Ltd - Accounts to registrar (filleted) - small 18.2


IRIS Accounts Productionv19.2.0.59607862852director1.5.1830.4.1930.4.19falsetruefalsefalsetruefalseOrdinary1.00000Ordinary A shares1.00000Ordinary B shares1.00000iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure078628522018-04-30078628522019-04-30078628522018-05-012019-04-30078628522017-04-30078628522017-05-012018-04-30078628522018-04-3007862852ns15:EnglandWales2018-05-012019-04-3007862852ns14:PoundSterling2018-05-012019-04-3007862852ns10:Director12018-05-012019-04-3007862852ns10:PrivateLimitedCompanyLtd2018-05-012019-04-3007862852ns10:SmallEntities2018-05-012019-04-3007862852ns10:AuditExempt-NoAccountantsReport2018-05-012019-04-3007862852ns10:SmallCompaniesRegimeForDirectorsReport2018-05-012019-04-3007862852ns10:SmallCompaniesRegimeForAccounts2018-05-012019-04-3007862852ns10:FullAccounts2018-05-012019-04-3007862852ns10:OrdinaryShareClass12018-05-012019-04-3007862852ns10:OrdinaryShareClass22018-05-012019-04-3007862852ns10:OrdinaryShareClass32018-05-012019-04-3007862852ns10:CompanySecretary12018-05-012019-04-3007862852ns10:RegisteredOffice2018-05-012019-04-3007862852ns5:CurrentFinancialInstruments2019-04-3007862852ns5:CurrentFinancialInstruments2018-04-3007862852ns5:Non-currentFinancialInstruments2019-04-3007862852ns5:Non-currentFinancialInstruments2018-04-3007862852ns5:ShareCapital2019-04-3007862852ns5:ShareCapital2018-04-3007862852ns5:RetainedEarningsAccumulatedLosses2019-04-3007862852ns5:RetainedEarningsAccumulatedLosses2018-04-3007862852ns5:PlantMachinery2018-05-012019-04-3007862852ns5:PlantMachinery2018-04-3007862852ns5:PlantMachinery2019-04-3007862852ns5:PlantMachinery2018-04-3007862852ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2018-04-3007862852ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2018-05-012019-04-3007862852ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2019-04-3007862852ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2018-04-3007862852ns5:CurrentFinancialInstrumentsns5:WithinOneYear2019-04-3007862852ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-04-3007862852ns10:OrdinaryShareClass12019-04-3007862852ns10:OrdinaryShareClass22019-04-3007862852ns10:OrdinaryShareClass32019-04-3007862852ns10:Director112018-04-3007862852ns10:Director112017-04-3007862852ns10:Director112018-05-012019-04-3007862852ns10:Director112017-05-012018-04-3007862852ns10:Director112019-04-3007862852ns10:Director112018-04-30


REGISTERED NUMBER: 07862852(England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2019

for

A R Banks Ltd

A R Banks Ltd (Registered number: 07862852)






Contents of the Financial Statements
for the Year Ended 30 April 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A R Banks Ltd

Company Information
for the Year Ended 30 April 2019







DIRECTOR: Stuart Christopher Banks





SECRETARY: Sarah Banks





REGISTERED OFFICE: Castle Farm Barn North
Denmead Road
Southwick
Fareham
Hampshire
PO17 6EX





REGISTERED NUMBER: 07862852(England and Wales)





ACCOUNTANTS: KT Accountants Limited
Castle Farm Barn North
Denmead Road
Southwick
Hampshire
PO17 6EX

A R Banks Ltd (Registered number: 07862852)

Balance Sheet
30 April 2019

30.4.19 30.4.18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 855,203 565,861

CURRENT ASSETS
Debtors 5 130,621 97,315
Cash at bank 45,722 43,986
176,343 141,301
CREDITORS
Amounts falling due within one year 6 218,064 116,811
NET CURRENT (LIABILITIES)/ASSETS (41,721 ) 24,490
TOTAL ASSETS LESS CURRENT
LIABILITIES

813,482

590,351

CREDITORS
Amounts falling due after more than
one year

7

560,504

445,872
NET ASSETS 252,978 144,479

CAPITAL AND RESERVES
Called up share capital 8 120 100
Retained earnings 252,858 144,379
SHAREHOLDERS' FUNDS 252,978 144,479

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

A R Banks Ltd (Registered number: 07862852)

Balance Sheet - continued
30 April 2019


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 30 September 2019and were signed
by:





Stuart Christopher Banks- Director


A R Banks Ltd (Registered number: 07862852)

Notes to the Financial Statements
for the Year Ended 30 April 2019

1. STATUTORY INFORMATION

A R Banks 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on reducing balance and 5% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement
of Income and Retained Earnings, 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.

A R Banks Ltd (Registered number: 07862852)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2019

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the
balance sheet. Those held under hire purchase contracts are depreciated over their
estimated useful lives. Those held under finance leases are depreciated over their
estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period.
The capital element of the future payments is treated as a liability.

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 8(2018 - 9) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 May 2018 605,490
Additions 324,875
At 30 April 2019 930,365
DEPRECIATION
At 1 May 2018 39,629
Charge for year 35,533
At 30 April 2019 75,162
NET BOOK VALUE
At 30 April 2019 855,203
At 30 April 2018 565,861

A R Banks Ltd (Registered number: 07862852)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2019

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as
follows:
Plant and
machinery
£   
COST
At 1 May 2018 600,740
Additions 324,875
At 30 April 2019 925,615
DEPRECIATION
At 1 May 2018 39,629
Charge for year 35,058
At 30 April 2019 74,687
NET BOOK VALUE
At 30 April 2019 850,928
At 30 April 2018 561,111

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.19 30.4.18
£    £   
Trade debtors 130,621 96,136
Other debtors - 1,179
130,621 97,315

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.19 30.4.18
£    £   
Hire purchase contracts 184,242 84,340
Trade creditors 5,341 2
Taxation and social security 17,571 8,182
Other creditors 10,910 24,287
218,064 116,811

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.19 30.4.18
£    £   
Hire purchase contracts 560,504 445,872

A R Banks Ltd (Registered number: 07862852)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2019

8. CALLED UP SHARE CAPITAL




Allotted, issued and fully paid:
Number: Class: Nominal 30.4.19 30.4.18
value: £    £   
100 Ordinary £1 100 100
10 Ordinary A shares £1 10 -
10 Ordinary B shares £1 10 -
120 100

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended
30 April 2019 and 30 April 2018:

30.4.19 30.4.18
£    £   
Stuart Christopher Banks
Balance outstanding at start of year (10,467 ) (20,676 )
Amounts advanced 10,465 15,209
Amounts repaid - (5,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2 ) (10,467 )

Included in creditors is an amount due to director of £2 (2017 - £10,467). This loan is
interest free, undated , unsecured and repayable on demand.

10. ULTIMATE CONTROLLING PARTY

Stuart Christopher Banks has controlling interest in the company.