ArbExcellence Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 08846713 (England and Wales)

ARBEXCELLENCE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2018

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

4

DIRECTORS:

Mrs J Bashford

Ms R Lucas

REGISTERED OFFICE:

Fryern House

125 Winchester Road

Chandlers Ford

Hampshire

SO53 2DR

REGISTERED NUMBER:

08846713 (England and Wales)

ACCOUNTANTS:

Rothman Pantall LLP

Chartered Accountants

Fryern House

125 Winchester Road

Chandlers Ford

Hampshire

SO53 2DR

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 Statement of Financial Position. 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 ArbExcellence Limited for the year ended 31 January 2018 which comprise the Income

Statement, Statement of Financial Position 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 ArbExcellence Limited, 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 ArbExcellence Limited and state those matters that we have agreed to state to the Board of Directors of ArbExcellence Limited, 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 ArbExcellence Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that ArbExcellence Limited 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 profit of ArbExcellence Limited. You consider that ArbExcellence Limited 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 ArbExcellence Limited. 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.

Rothman Pantall LLP

Chartered Accountants

Fryern House

125 Winchester Road

Chandlers Ford

Hampshire

SO53 2DR

22 March 2018

FIXED ASSETS

Intangible assets

4

10,001

20,001

Tangible assets

5

5,383

6,968

15,384

26,969

CURRENT ASSETS

Stocks

-

3,120

Debtors

6

28,485

28,059

Cash at bank and in hand

29,021

10,633

57,506

41,812

CREDITORS

Amounts falling due within one year

7

63,759

63,892

NET CURRENT LIABILITIES

(6,253

)

(22,080

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,131

4,889

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

9,031

4,789

SHAREHOLDERS' FUNDS

9,131

4,889

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2018 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 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 Board of Directors on 22 March 2018 and were signed on its behalf by:

Mrs J Bashford - Director

1.	STATUTORY INFORMATION

ArbExcellence Limited is a private company, limited by shares, registered in England and Wales. The company's

registered number is 08846713 and its registered office address is Fryern House, 125 Winchester Road,

Chandler's Ford, Hampshire, SO53 2DR. The principal activity of the company is management consultancy and

landscaping services.

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.

The presentational currency is £ sterling.

Significant judgements and estimates

The directors do not consider there to be any significant judgements or key sources of estimation uncertainty.

Turnover

Turnover, which excludes value added tax, trade discounts and sales agents' commission, represents the value

of work performed with respect to services and the value of goods supplied during the year.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Intangible fixed assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

All fixed assets are initially recognised at cost and subsequently carried at cost less accumulated depreciation.

The cost of fixed assets initially recognised includes its purchase price and any cost that is directly attributable to

bringing the asset to the location and condition necessary for it to be capable of operating in a manner intended

by management.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful

economic life of that asset as follows:

Office equipment

20% straight line

Plant and machinery

20% straight line

Stocks

Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items. Cost includes any expenditure incurred in bringing the stock to its present location and condition.

A "first in first out" basis is used.

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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

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

statement of financial position 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 3 (2017 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2017

and 31 January 2018

50,001

AMORTISATION

At 1 February 2017

30,000

Amortisation for year

10,000

At 31 January 2018

40,000

NET BOOK VALUE

At 31 January 2018

10,001

At 31 January 2017

20,001

5.	TANGIBLE FIXED ASSETS

Plant and

Office

machinery

equipment

Totals

£

£

£

COST

At 1 February 2017

11,780

5,637

17,417

Additions

-

2,015

2,015

At 31 January 2018

11,780

7,652

19,432

DEPRECIATION

At 1 February 2017

7,068

3,381

10,449

Charge for year

2,356

1,244

3,600

At 31 January 2018

9,424

4,625

14,049

NET BOOK VALUE

At 31 January 2018

2,356

3,027

5,383

At 31 January 2017

4,712

2,256

6,968

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

25,889

25,538

Other debtors

2,596

2,521

28,485

28,059

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

9,290

9,978

Tax

9,288

6,494

Social security and other taxes

-

901

VAT

10,965

9,463

Directors' current accounts

32,106

35,306

Accruals and deferred income

2,110

1,750

63,759

63,892

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2018

2017

£

£

Within one year

10,500

10,000

Between one and five years

21,000

-

31,500

10,000

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

40

Ordinary A Shares

£1

40

40

60

Ordinary B Shares

£1

60

60

100

100

10.	RELATED PARTY DISCLOSURES

During the period the director, Mrs J Bashford provided the company with a loan. The balance due from the

company at the period end was £32,106 (2017: £35,306) and is included in Creditors: Amounts falling due within

one year.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs J Bashford.