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REGISTERED NUMBER: 07075487 (England and Wales)














Financial Statements for the Year Ended 29 November 2021

for

Arbeit Project Limited

Arbeit Project Limited (Registered number: 07075487)






Contents of the Financial Statements
for the Year Ended 29 November 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Arbeit Project Limited

Company Information
for the Year Ended 29 November 2021







DIRECTORS: Miss H E Semsei
Mr N Vardi





REGISTERED OFFICE: 1 Trowbridge Road
London
England
E9 5EN





REGISTERED NUMBER: 07075487 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Arbeit Project Limited (Registered number: 07075487)

Balance Sheet
29 November 2021

29.11.21 29.11.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 227,047 234,879

CURRENT ASSETS
Debtors 5 176,206 85,055
Cash at bank and in hand 144,852 240,448
321,058 325,503
CREDITORS
Amounts falling due within one year 6 168,403 227,037
NET CURRENT ASSETS 152,655 98,466
TOTAL ASSETS LESS CURRENT LIABILITIES 379,702 333,345

CREDITORS
Amounts falling due after more than one
year

7

(140,496

)

(161,206

)

PROVISIONS FOR LIABILITIES (43,139 ) (34,645 )
NET ASSETS 196,067 137,494

CAPITAL AND RESERVES
Called up share capital 501 501
Retained earnings 195,566 136,993
196,067 137,494

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 November 2021 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.

Arbeit Project Limited (Registered number: 07075487)

Balance Sheet - continued
29 November 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 26 August 2022 and were signed on its behalf by:




Miss H E Semsei - Director



Mr N Vardi - Director


Arbeit Project Limited (Registered number: 07075487)

Notes to the Financial Statements
for the Year Ended 29 November 2021

1. STATUTORY INFORMATION

Arbeit Project Limited 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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.

Going concern
COVID-19 is not expected to have a significant impact on the entity. Management has determined that there is no material uncertainty that casts doubt on the entity's ability to continue as a going concern. It expects that COVID-19 might have some impact, though not significant, for example, in relation to expected future performance, or the effects on some future asset valuations.

Government grants
Government grants represents income received in the form of the Small business grant fund (SBGF) and the retail, hospitality and leisure grant fund (RHLG) received from the Government during the COVID-19 pandemic. The Government Grant also represents the first year of interest for the company on the Bounce Back Loan (BBL) it received during the year.

Arbeit Project Limited (Registered number: 07075487)

Notes to the Financial Statements - continued
for the Year Ended 29 November 2021

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 30 November 2020 171,037 95,670 1,000 6,139 273,846
Additions - - - 2,543 2,543
At 29 November 2021 171,037 95,670 1,000 8,682 276,389
DEPRECIATION
At 30 November 2020 - 33,455 250 5,262 38,967
Charge for year - 9,332 188 855 10,375
At 29 November 2021 - 42,787 438 6,117 49,342
NET BOOK VALUE
At 29 November 2021 171,037 52,883 562 2,565 227,047
At 29 November 2020 171,037 62,215 750 877 234,879

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.11.21 29.11.20
£    £   
Trade debtors 107,064 72,013
Amounts owed by associates 69,142 13,042
176,206 85,055

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.11.21 29.11.20
£    £   
Bank loans and overdrafts 15,460 7,600
Trade creditors 86,023 74,447
Taxation and social security 22,994 46,701
Other creditors 43,926 98,289
168,403 227,037

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.11.21 29.11.20
£    £   
Bank loans 139,205 155,025
Other creditors 1,291 6,181
140,496 161,206

Arbeit Project Limited (Registered number: 07075487)

Notes to the Financial Statements - continued
for the Year Ended 29 November 2021

8. RELATED PARTY DISCLOSURES

The directors Mr. N Vardi and Ms. H Semsei are considered to be key management personnel.