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REGISTERED NUMBER: 07317198 (England and Wales)










Financial Statements

for the Year Ended 31 March 2022

for

ARC Vehicle Deliveries Limited

ARC Vehicle Deliveries Limited (Registered number: 07317198)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ARC Vehicle Deliveries Limited

Company Information
for the Year Ended 31 March 2022







DIRECTORS: A Bailey
S D Bailey





REGISTERED OFFICE: Yoden House
30 Yoden Way
Peterlee
Co. Durham
SR8 1AL





REGISTERED NUMBER: 07317198 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Yoden House
30 Yoden Way
Peterlee
Co. Durham
SR8 1AL

ARC Vehicle Deliveries Limited (Registered number: 07317198)

Balance Sheet
31 March 2022

2022 2021
Notes £    £   
CURRENT ASSETS
Debtors 5 3,834 46,606
Cash at bank 72,380 78,742
76,214 125,348
CREDITORS
Amounts falling due within one year 6 (62,857 ) (44,753 )
NET CURRENT ASSETS 13,357 80,595
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,357

80,595

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 13,355 80,593
13,357 80,595

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

ARC Vehicle Deliveries Limited (Registered number: 07317198)

Balance Sheet - continued
31 March 2022


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:




A Bailey - Director



S D Bailey - Director


ARC Vehicle Deliveries Limited (Registered number: 07317198)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. 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.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of two years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% 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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 3 ) .

ARC Vehicle Deliveries Limited (Registered number: 07317198)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2021
and 31 March 2022 150,000
AMORTISATION
At 1 April 2021
and 31 March 2022 150,000
NET BOOK VALUE
At 31 March 2022 -
At 31 March 2021 -

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2021 810 256 1,668 2,734
Disposals (810 ) (256 ) (1,668 ) (2,734 )
At 31 March 2022 - - - -
DEPRECIATION
At 1 April 2021 810 256 1,668 2,734
Eliminated on disposal (810 ) (256 ) (1,668 ) (2,734 )
At 31 March 2022 - - - -
NET BOOK VALUE
At 31 March 2022 - - - -
At 31 March 2021 - - - -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 3,834 46,606

ARC Vehicle Deliveries Limited (Registered number: 07317198)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 3,574 18,470
Corporation tax 1,206 7,404
VAT 2,589 16,960
Directors' current accounts 53,893 514
Accrued expenses 1,595 1,405
62,857 44,753