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REGISTERED NUMBER: 10346750 (England and Wales)















ARQINO DIGITAL LIMITED

Unaudited Financial Statements for the Year Ended 31 December 2021






ARQINO DIGITAL LIMITED (REGISTERED NUMBER: 10346750)






Contents of the Financial Statements
for the year ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ARQINO DIGITAL LIMITED

Company Information
for the year ended 31 December 2021







DIRECTORS: P P Ranchhod
R L Caldeira
M S Bybee





REGISTERED OFFICE: Upper Court
Kemerton
Tewkesbury
Gloucestershire
GL20 7HY





REGISTERED NUMBER: 10346750 (England and Wales)





ACCOUNTANTS: Tudor John Limited
Nightingale House
46-48 East Street
Epsom
Surrey
KT17 1HQ

ARQINO DIGITAL LIMITED (REGISTERED NUMBER: 10346750)

Balance Sheet
31 December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,819 1,753

CURRENT ASSETS
Debtors 5 60,535 66,074
Cash at bank 5,044 19,893
65,579 85,967
CREDITORS
Amounts falling due within one year 6 26,318 90,953
NET CURRENT ASSETS/(LIABILITIES) 39,261 (4,986 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,080

(3,233

)

CREDITORS
Amounts falling due after more than one
year

7

38,886

-
NET ASSETS/(LIABILITIES) 2,194 (3,233 )

CAPITAL AND RESERVES
Called up share capital 7,500 7,500
Retained earnings 8 (5,306 ) (10,733 )
2,194 (3,233 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

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

ARQINO DIGITAL LIMITED (REGISTERED NUMBER: 10346750)

Balance Sheet - continued
31 December 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 10 August 2022 and were signed on its behalf by:





P P Ranchhod - Director


ARQINO DIGITAL LIMITED (REGISTERED NUMBER: 10346750)

Notes to the Financial Statements
for the year ended 31 December 2021

1. STATUTORY INFORMATION

Arqino Digital 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.

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.

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.

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.

ARQINO DIGITAL LIMITED (REGISTERED NUMBER: 10346750)

Notes to the Financial Statements - continued
for the year ended 31 December 2021

2. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

(i) Financial assets

Basic financial assets, including trade and other receivables, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party, or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

(ii) Financial Liabilities

Basic financial liabilities, including trade and other payables, loans from fellow group companies that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

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

ARQINO DIGITAL LIMITED (REGISTERED NUMBER: 10346750)

Notes to the Financial Statements - continued
for the year ended 31 December 2021

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021 1,803
Additions 986
At 31 December 2021 2,789
DEPRECIATION
At 1 January 2021 50
Charge for year 920
At 31 December 2021 970
NET BOOK VALUE
At 31 December 2021 1,819
At 31 December 2020 1,753

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors - 4,837
Other debtors 60,535 61,237
60,535 66,074

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 9,546 -
Trade creditors 1,517 2,278
Taxation and social security 3,269 26,371
Other creditors 11,986 62,304
26,318 90,953

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans 38,886 -

ARQINO DIGITAL LIMITED (REGISTERED NUMBER: 10346750)

Notes to the Financial Statements - continued
for the year ended 31 December 2021

8. RESERVES
Retained
earnings
£   

At 1 January 2021 (10,733 )
Profit for the year 5,427
At 31 December 2021 (5,306 )

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2021 and 31 December 2020:

2021 2020
£    £   
R L Caldeira
Balance outstanding at start of year 1,477 1,477
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,477 1,477

M S Bybee
Balance outstanding at start of year 1,500 1,500
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,500 1,500

P P Ranchhod
Balance outstanding at start of year 55,260 12,760
Amounts advanced 674 42,500
Amounts repaid (7,667 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 48,267 55,260