Silverfin false 31/03/2023 01/04/2022 31/03/2023 Mr I D Gray 27/11/2020 Mrs K Gray 27/11/2020 19 October 2023 The principal activity of the Company during the financial year was that of the wholesale of the manufacture and sale of LED strip and lighting, and associated extrusion and control components. 13047874 2023-03-31 13047874 bus:Director1 2023-03-31 13047874 bus:Director2 2023-03-31 13047874 2022-03-31 13047874 core:CurrentFinancialInstruments 2023-03-31 13047874 core:CurrentFinancialInstruments 2022-03-31 13047874 core:ShareCapital 2023-03-31 13047874 core:ShareCapital 2022-03-31 13047874 core:RetainedEarningsAccumulatedLosses 2023-03-31 13047874 core:RetainedEarningsAccumulatedLosses 2022-03-31 13047874 core:OtherPropertyPlantEquipment 2022-03-31 13047874 core:OtherPropertyPlantEquipment 2023-03-31 13047874 core:RemainingRelatedParties core:CurrentFinancialInstruments 2023-03-31 13047874 core:RemainingRelatedParties core:CurrentFinancialInstruments 2022-03-31 13047874 bus:OrdinaryShareClass1 2023-03-31 13047874 bus:OrdinaryShareClass2 2023-03-31 13047874 2022-04-01 2023-03-31 13047874 bus:FullAccounts 2022-04-01 2023-03-31 13047874 bus:SmallEntities 2022-04-01 2023-03-31 13047874 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 13047874 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 13047874 bus:Director1 2022-04-01 2023-03-31 13047874 bus:Director2 2022-04-01 2023-03-31 13047874 core:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 13047874 2021-04-01 2022-03-31 13047874 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 13047874 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 13047874 bus:OrdinaryShareClass2 2022-04-01 2023-03-31 13047874 bus:OrdinaryShareClass2 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13047874 (England and Wales)

ARC-LED LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

ARC-LED LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

ARC-LED LIMITED

BALANCE SHEET

As at 31 March 2023
ARC-LED LIMITED

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 2,850 0
2,850 0
Current assets
Stocks 637,509 0
Debtors 4 260,018 0
Cash at bank and in hand 110,365 100
1,007,892 100
Creditors: amounts falling due within one year 5 ( 690,043) 0
Net current assets 317,849 100
Total assets less current liabilities 320,699 100
Provision for liabilities ( 713) 0
Net assets 319,986 100
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 319,886 0
Total shareholders' funds 319,986 100

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of ARC-LED Limited (registered number: 13047874) were approved and authorised for issue by the Board of Directors on 19 October 2023. They were signed on its behalf by:

Mr I D Gray
Director
ARC-LED LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
ARC-LED LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

ARC-LED Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Francis Clark Llp Melville Building East, Royal William Yard, Plymouth, PL1 3RP, United Kingdom. The principal place of business is Drakes Court, Unit 4 Eagle Road, Plymouth, Devon, PL7 5JY.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery etc. 25 % reducing balance
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 9 0

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 April 2022 0 0
Additions 2,850 2,850
At 31 March 2023 2,850 2,850
Accumulated depreciation
At 01 April 2022 0 0
At 31 March 2023 0 0
Net book value
At 31 March 2023 2,850 2,850
At 31 March 2022 0 0

4. Debtors

2023 2022
£ £
Trade debtors 79,880 0
Amounts owed by related parties 55,348 0
Other debtors 124,790 0
260,018 0

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 557,207 0
Corporation tax 81,370 0
Other taxation and social security 48,809 0
Other creditors 2,657 0
690,043 0

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
80 Ordinary A shares shares of £ 1.00 each 80 80
20 Ordinary B shares shares of £ 1.00 each 20 20
100 100