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REGISTERED NUMBER: 07862852 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2018

for

A R Banks Ltd

A R Banks Ltd (Registered number: 07862852)






Contents of the Financial Statements
for the Year Ended 30 April 2018




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 2018







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 2018

30.4.18 30.4.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 565,861 335,151

CURRENT ASSETS
Debtors 5 97,315 109,944
Cash at bank 43,986 49,808
141,301 159,752
CREDITORS
Amounts falling due within one year 6 116,811 157,142
NET CURRENT ASSETS 24,490 2,610
TOTAL ASSETS LESS CURRENT
LIABILITIES

590,351

337,761

CREDITORS
Amounts falling due after more than
one year

7

445,872

229,904
NET ASSETS 144,479 107,857

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 144,379 107,757
SHAREHOLDERS' FUNDS 144,479 107,857

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 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 2018


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 26 January 2019 and 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 2018

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 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 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 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.

A R Banks Ltd (Registered number: 07862852)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2018

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 9 (2017 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 May 2017 383,640
Additions 398,850
Disposals (177,000 )
At 30 April 2018 605,490
DEPRECIATION
At 1 May 2017 48,489
Charge for year 18,965
Eliminated on disposal (27,825 )
At 30 April 2018 39,629
NET BOOK VALUE
At 30 April 2018 565,861
At 30 April 2017 335,151

A R Banks Ltd (Registered number: 07862852)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2018

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 2017 383,640
Additions 394,100
Disposals (177,000 )
At 30 April 2018 600,740
DEPRECIATION
At 1 May 2017 48,489
Charge for year 18,965
Eliminated on disposal (27,825 )
At 30 April 2018 39,629
NET BOOK VALUE
At 30 April 2018 561,111
At 30 April 2017 335,151

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.18 30.4.17
£    £   
Trade debtors 96,136 103,944
Other debtors - 6,000
VAT 1,179 -
97,315 109,944

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.18 30.4.17
£    £   
Hire purchase contracts 84,340 74,700
Trade creditors 2 1,944
Social security and other taxes 6,650 10,493
Wages control 1,193 -
Pension control 339 -
VAT - 35,379
Other creditors 8,100 9,000
Directors' current accounts 10,467 20,676
Accrued expenses 5,720 4,950
116,811 157,142

A R Banks Ltd (Registered number: 07862852)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2018

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.18 30.4.17
£    £   
Hire purchase contracts 445,872 229,904

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30.4.18 30.4.17
value: £    £   
100 Ordinary £1 100 100

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended
30 April 2018 and 30 April 2017:

30.4.18 30.4.17
£    £   
Stuart Christopher Banks
Balance outstanding at start of year (20,676 ) (32,095 )
Amounts advanced 15,209 16,419
Amounts repaid (5,000 ) (5,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (10,467 ) (20,676 )

Included in creditors is an amount due to director of £10,467 (2017 - £20,676). This loan is
interest free, undated , unsecured and repayable on demand.

10. ULTIMATE CONTROLLING PARTY

Stuart Christopher Banks has controlling interest in the company.