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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 1 MARCH 2017 TO 31 MARCH 2018 |
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ARROW CASTINGS LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 1 MARCH 2017 TO 31 MARCH 2018 |
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FOR |
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ARROW CASTINGS LIMITED |
ARROW CASTINGS LIMITED (REGISTERED NUMBER: 03024163) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the period 1 MARCH 2017 TO 31 MARCH 2018 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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ARROW CASTINGS LIMITED |
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COMPANY INFORMATION |
for the period 1 MARCH 2017 TO 31 MARCH 2018 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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1 High Street |
Thatcham |
Berks |
RG19 3JG |
ARROW CASTINGS LIMITED (REGISTERED NUMBER: 03024163) |
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BALANCE SHEET |
31 MARCH 2018 |
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31.3.18 | 28.2.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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ARROW CASTINGS LIMITED (REGISTERED NUMBER: 03024163) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the period 1 MARCH 2017 TO 31 MARCH 2018 |
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1. | STATUTORY INFORMATION |
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Arrow Castings Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to |
customers. |
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Tangible fixed assets |
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Plant and machinery | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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Taxation |
Taxation for the period 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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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 period end and that are expected to apply to the reversal of the |
timing difference. |
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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. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at |
the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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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. |
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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. |
ARROW CASTINGS LIMITED (REGISTERED NUMBER: 03024163) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 1 MARCH 2017 TO 31 MARCH 2018 |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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4. | TANGIBLE FIXED ASSETS |
Plant and | Office |
machinery | equipment | Totals |
£ | £ | £ |
COST |
At 1 March 2017 |
and 31 March 2018 |
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DEPRECIATION |
At 1 March 2017 |
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Charge for period |
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At 31 March 2018 |
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NET BOOK VALUE |
At 31 March 2018 |
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At 28 February 2017 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.18 | 28.2.17 |
£ | £ |
Trade debtors |
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Amounts owed by group undertakings |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.18 | 28.2.17 |
£ | £ |
Trade creditors |
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Amounts owed to group undertakings |
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Taxation and social security |
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Other creditors |
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7. | CONTINGENT LIABILITIES |
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There were no contingent liabilities at the balance sheet date or at 28 February 2017. |
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8. | RELATED PARTY DISCLOSURES |
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During the period, total dividends of £23,295 (2017 - £16,222) were paid to the director . |
ARROW CASTINGS LIMITED (REGISTERED NUMBER: 03024163) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 1 MARCH 2017 TO 31 MARCH 2018 |
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8. | RELATED PARTY DISCLOSURES - continued |
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Arrow Butler Castings Limited |
(Arrow Castings Limited own 50% of the share capital of Arrow Butler Castings Limited) |
During the year sales of £3,014 (2017 : £12,724) and purchases of £98,531 (2017 : £106,052) were made. |
Management charges of £35,450 (2017 : £31,800) were also received from Arrow Butler Castings Limited. At |
the balance sheet date the amount due from Arrow Butler Castings Limited was £21,792 (2017 : £10,317). |
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The company has a loan to Arrow Butler Castings Limited. At the balance sheet date the amount due from Arrow |
Butler Castings Limited was £13,000 (2017 : £18,000) |
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Britannia Precision Components Limited |
(GM Robertson is a 25% shareholder of Britannia Precision Components Limited) |
During the year sales of £817 (2017 : £165) and purchases of £3,079 (2017 : £Nil) were made. At the balance |
sheet date the amount due to Britannia Precision Components Limited was £1,569 (2017 : -£2,113). |
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9. | ULTIMATE CONTROLLING PARTY |
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