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Registered number: |
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Balance Sheet | |||||||
as at |
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Notes | 2022 | 2021 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Tangible assets | 3 |
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Current assets | |||||||
Debtors | 4 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year | 5 | ( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year | 6 | - | ( |
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Net assets |
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Capital and reserves | |||||||
Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Nurali Panjwani | |||||||
Director | |||||||
Approved by the board on |
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Notes to the Accounts | ||||||||
for the year ended |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
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Turnover | ||||||||
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Tangible fixed assets | ||||||||
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Fixes Assets | 20% | |||||||
Debtors | ||||||||
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Creditors | ||||||||
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2 | Employees | 2022 | 2021 | |||||
Number | Number | |||||||
Average number of persons employed by the company |
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3 | Tangible fixed assets | |||||||
Equipments | ||||||||
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Cost | ||||||||
At 1 May 2021 |
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Additions |
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At 30 April 2022 |
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Depreciation | ||||||||
At 1 May 2021 |
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Charge for the year |
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At 30 April 2022 |
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Net book value | ||||||||
At 30 April 2022 |
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At 30 April 2021 |
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4 | Debtors | 2022 | 2021 | |||||
£ | £ | |||||||
Paye & Ni | 733 | 732 | ||||||
Loan to directors | 32,000 | 14,000 | ||||||
Trade debtors | - |
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Loan - Stick it personal Ltd | - | 18,000 | ||||||
Loan - Made to impress Ltd | - | 18,000 | ||||||
Tax-S455 | 8,330 | 7,500 | ||||||
Other debtors |
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5 | Creditors: amounts falling due within one year | 2022 | 2021 | |||||
£ | £ | |||||||
Accruals | 880 | 780 | ||||||
Director's account | 1 | 1 | ||||||
Corporation tax |
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Other taxes and social security costs |
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6 | Creditors: amounts falling due after one year | 2022 | 2021 | |||||
£ | £ | |||||||
Bank loans | - |
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7 | Contingent liabilities | |||||||
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8 | Loans to directors | |||||||
Description and conditions | B/fwd | Paid | Repaid | C/fwd | ||||
£ | £ | £ | £ | |||||
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Director 1 Borrowed 30/01/17 | 2,000 | 2,000 | ||||||
Director 2 Borrowed 30/01/17 | 2,000 | 2,000 | ||||||
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New Loan Director 1 20/10/21 | 32,000 | 32,000 | ||||||
Director 1 repaid on 4/02/22, 13/02/22 and 15/04/2022 | (18,000) | (18,000) | ||||||
New Loan Director 2 19/10/21 | 32,000 | 32,000 | ||||||
Director 2 Repaid on 4/02/22, 13/02/22 and 15/04/2022 | (28,000) | (28,000) | ||||||
14,000 | 64,000 | (46,000) | 32,000 | |||||
Official rate of interest was paid on the above loans. | ||||||||
9 | Related Party transactions and Ultimate controlling party | |||||||
The shares are owned equally by the two directors and therefore both control the company. Dividend of £38,200 (2021; £30,000) in total has been declared during the year and paid, £21,600 (2021 £15,000) to one of the director shareholder and £16,600 (2021 £15,000) to the other. The director's current account balance at the year end was £1Cr (2021 £1 Cr). This account has always remained in credit. Commercials loans made to companies controlled by the directors were liquidated, outstanding loan totaling £36,000 was written off as bad debt leaving a nil balance (2021 £36,000) ioutstanding at the year end. Amount due from the directors is shown in note eight. Interest is paid at market rate and is shown under interest income together with interest received on directors loan. All the trasactions are at market value. |
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10 | Going Concern | |||||||
The director has reviewed a period of 12 months from approval of these financial statements and concluded the company is able to meet all its liabilites as they fall due. As a result it is appropriate it is appropriate to prepare the accounts on a going concern basis. | ||||||||
11 | Other information | |||||||
ARNL LIMITED is a private company limited by shares and incorporated in England. Its registered office is: | ||||||||
17 Thistlecroft Gardens | ||||||||
Stanmore | ||||||||
Middx | ||||||||
HA7 1PJ |