Company Registration No. 04131715 (England and Wales)
Arrow Electrical Distributors Ltd
Unaudited accounts
for the year ended 31 January 2022
Arrow Electrical Distributors Ltd
Unaudited accounts
Contents
Arrow Electrical Distributors Ltd
Company Information
for the year ended 31 January 2022
Directors
David Joseph Hogg
Tony Lee Hogg
Company Number
04131715 (England and Wales)
Registered Office
5A RIVERSIDE IND EST, LANGLEY
PARK, DURHAM
DURHAM
DH7 9TU
Accountants
Accountants For The Trade (Durham) Ltd
Suite 7, Victoria House
St Johns Road
Meadowfield Industrial Estate
Durham
DH7 8XL
Arrow Electrical Distributors Ltd
Statement of financial position
as at
31 January 2022
Tangible assets
60,989
70,068
Inventories
355,534
347,130
Cash at bank and in hand
114,232
140,483
Creditors: amounts falling due within one year
(142,059)
(177,691)
Net current assets
364,775
351,917
Total assets less current liabilities
426,321
421,985
Creditors: amounts falling due after more than one year
(33,038)
(43,358)
Provisions for liabilities
Deferred tax
(11,588)
(13,313)
Net assets
381,695
365,314
Called up share capital
100
100
Profit and loss account
381,595
365,214
Shareholders' funds
381,695
365,314
For the year ending 31 January 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 March 2022 and were signed on its behalf by
David Joseph Hogg
Director
Company Registration No. 04131715
Arrow Electrical Distributors Ltd
Notes to the Accounts
for the year ended 31 January 2022
Arrow Electrical Distributors Ltd is a private company, limited by shares, registered in England and Wales, registration number 04131715. The registered office is 5A RIVERSIDE IND EST, LANGLEY, PARK, DURHAM, DURHAM, DH7 9TU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 January 2022 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 February 2020.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Reducing Balance
Fixtures & fittings
10% Reducing Balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
Arrow Electrical Distributors Ltd
Notes to the Accounts
for the year ended 31 January 2022
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 February 2021
49,489
87,053
136,542
At 31 January 2022
49,489
87,053
136,542
At 1 February 2021
28,795
37,679
66,474
Charge for the year
4,139
4,940
9,079
At 31 January 2022
32,934
42,619
75,553
At 31 January 2022
16,555
44,434
60,989
At 31 January 2021
20,694
49,374
70,068
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
8,471
20,694
6
Debtors: amounts falling due within one year
2022
2021
Trade debtors
34,589
37,016
Accrued income and prepayments
1,479
3,979
Other debtors
1,000
1,000
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
10,650
7,500
Obligations under finance leases and hire purchase contracts
853
6,785
Trade creditors
50,045
41,479
Taxes and social security
8,318
16,173
Loans from directors
67,952
80,902
8
Creditors: amounts falling due after more than one year
2022
2021
Obligations under finance leases and hire purchase contracts
-
858
Arrow Electrical Distributors Ltd
Notes to the Accounts
for the year ended 31 January 2022
9
Deferred taxation
2022
2021
Accelerated capital allowances
11,588
13,313
Provision at start of year
13,313
14,700
Credited to the profit and loss account
(1,725)
(1,387)
Provision at end of year
11,588
13,313
10
Share capital
2022
2021
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
11
Average number of employees
During the year the average number of employees was 3 (2021: 3).