Arnold Brickwork Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 06912687 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2017

for

Arnold Brickwork Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

E D Arnold

SECRETARY:

H E Arnold

REGISTERED OFFICE:

247 Goldsmith Avenue

Portsmouth

Hampshire

PO4 0BS

REGISTERED NUMBER:

06912687 (England and Wales)

ACCOUNTANTS:

Hughes Spencer

The Stables

Stansted Park

Rowlands Castle

Havant

Hampshire

PO9 6DX

FIXED ASSETS

Tangible assets

4

11,499

15,829

CURRENT ASSETS

Stocks

19,995

12,300

Debtors

5

743,972

488,162

Cash in hand

200

200

764,167

500,662

CREDITORS

Amounts falling due within one year

6

763,536

488,384

NET CURRENT ASSETS

631

12,278

TOTAL ASSETS LESS CURRENT LIABILITIES

12,130

28,107

PROVISIONS FOR LIABILITIES

1,470

2,248

NET ASSETS

10,660

25,859

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

10,560

25,759

SHAREHOLDERS' FUNDS

10,660

25,859

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 19 October 2017 and were signed by:

E D Arnold - Director

1.	STATUTORY INFORMATION

Arnold Brickwork 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents amount receivable for goods and services net of VAT, as adjusted for amounts recoverable

under contracts in accordance with UITF Abstract 40. Amounts recoverable under contracts is calculated as that

proportion of total contract value which work in progress costs to date bear to total expected costs for each

contract.

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 etc

-

25% on reducing balance, 20% on cost and at varying rates on cost

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 12 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2016

and 31 May 2017

49,616

DEPRECIATION

At 1 June 2016

33,787

Charge for year

4,330

At 31 May 2017

38,117

NET BOOK VALUE

At 31 May 2017

11,499

At 31 May 2016

15,829

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

179,642

156,776

Amounts recoverable on contract

547,037

292,463

Other debtors

17,293

38,923

743,972

488,162

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

76,694

56,868

Trade creditors

340,921

268,491

Taxation and social security

277,797

121,541

Other creditors

68,124

41,484

763,536

488,384

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is E D Arnold.