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REGISTERED NUMBER: 05995846 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 January 2023

for

Ark Group Services Ltd

Ark Group Services Ltd (Registered number: 05995846)

Contents of the Financial Statements
for the Year Ended 31 January 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Ark Group Services Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTORS: K Franklin
J H Smale





REGISTERED OFFICE: 1 Minster Court
Tuscam Way
Camberley
Surrey
GU15 3YY





REGISTERED NUMBER: 05995846 (England and Wales)





ACCOUNTANTS: Butt Miller
Chartered Accountants
1 Minster Court
Tuscam Way
Camberley
Surrey
GU15 3YY

Ark Group Services Ltd (Registered number: 05995846)

Statement of Financial Position
31 January 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 1,750 3,500
Tangible assets 5 239,468 141,139
241,218 144,639

CURRENT ASSETS
Stocks 6 3,600 3,600
Debtors 7 1,133,618 1,242,788
Cash at bank 207,600 402,287
1,344,818 1,648,675
CREDITORS
Amounts falling due within one year 8 (424,534 ) (528,159 )
NET CURRENT ASSETS 920,284 1,120,516
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,161,502

1,265,155

CREDITORS
Amounts falling due after more than one
year

9

(133,560

)

(87,822

)

PROVISIONS FOR LIABILITIES (49,207 ) (26,314 )
NET ASSETS 978,735 1,151,019

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 978,435 1,150,719
SHAREHOLDERS' FUNDS 978,735 1,151,019

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

Ark Group Services Ltd (Registered number: 05995846)

Statement of Financial Position - continued
31 January 2023


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 25 October 2023 and were signed on its behalf by:





J H Smale - Director


Ark Group Services Ltd (Registered number: 05995846)

Notes to the Financial Statements
for the Year Ended 31 January 2023


1. STATUTORY INFORMATION

Ark Group Services Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of services and goods, excluding value added tax.

Turnover is recognised on services under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

When the right to consideration has been earned in advance of the invoice being raised, the amounts are recorded as accrued income and included as part of debtors due within one year.

Goodwill
Goodwill relates to a business acquired in 2007 and is amortised to the Income Statement over its estimated economic life. The directors reassess the position at the end of each financial year and are currently amortising goodwill over 10 years.

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
Motor vehicles - 25% on cost
Computer equipment - 33.33% on cost

Government grants
Grants comprise amounts received under the Government's Job Retention Scheme, the Government's Coronavirus support scheme and a Business Interruption Loan Agreement. All amounts are recognised in the Income Statement once the relevant performance conditions have been met.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.


Ark Group Services Ltd (Registered number: 05995846)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 operating leases
Assets obtained under hire purchase contracts are capitalised in the Statement of Financial Position. Those held under hire purchase contracts are depreciated over their estimated useful lives.

The interest element of these obligations is charged to the Income Statement over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the Income Statement 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 the Income Statement in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2022 - 29 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 January 2023 17,500
AMORTISATION
At 1 February 2022 14,000
Amortisation for year 1,750
At 31 January 2023 15,750
NET BOOK VALUE
At 31 January 2023 1,750
At 31 January 2022 3,500

Ark Group Services Ltd (Registered number: 05995846)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023


5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2022 9,759 249,958 8,022 267,739
Additions 979 195,548 528 197,055
At 31 January 2023 10,738 445,506 8,550 464,794
DEPRECIATION
At 1 February 2022 4,882 114,847 6,871 126,600
Charge for year 1,041 97,108 577 98,726
At 31 January 2023 5,923 211,955 7,448 225,326
NET BOOK VALUE
At 31 January 2023 4,815 233,551 1,102 239,468
At 31 January 2022 4,877 135,111 1,151 141,139

6. STOCKS
2023 2022
£    £   
Stocks 3,600 3,600

7. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 195,683 180,425
Other debtors 917,492 1,010,513
Director's current account 10,783 42,788
Prepayments 6,510 9,062
1,130,468 1,242,788

Amounts falling due after more than one year:
Other debtors 3,150 -

Aggregate amounts 1,133,618 1,242,788

Ark Group Services Ltd (Registered number: 05995846)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 17,454 17,454
Hire purchase contracts (see note 10) 55,950 58,661
Trade creditors 146,979 113,371
Tax 986 166,073
Social security and other taxes 19,178 19,742
VAT 56,065 52,928
Other creditors 61,790 38,710
Wages control 54,225 35,907
Director's current account 11,907 25,313
424,534 528,159

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 17,454 17,454
Bank loans - 2-5 years 23,273 40,727
Hire purchase contracts (see note 10) 92,833 29,641
133,560 87,822

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 55,950 58,661
Between one and five years 92,833 29,641
148,783 88,302

Non-cancellable operating leases
2023 2022
£    £   
Within one year 18,083 19,381
Between one and five years 29,218 28,109
47,301 47,490

11. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 148,783 88,302

The hire purchase contracts are secured on the assets held under these contracts.

Ark Group Services Ltd (Registered number: 05995846)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023


12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2023 and 31 January 2022:

2023 2022
£    £   
K Franklin
Balance outstanding at start of year (25,313 ) (3,823 )
Amounts advanced 87,697 96,459
Amounts repaid (74,291 ) (117,949 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (11,907 ) (25,313 )

J H Smale
Balance outstanding at start of year 42,788 (4,165 )
Amounts advanced 86,897 168,266
Amounts repaid (118,902 ) (121,313 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,783 42,788

The above loans are unsecured, repayable on demand and where applicable, interest has been charged at the HMRC approved rate.

13. RELATED PARTY DISCLOSURES

Included under other debtors are amounts totalling £18,627 for loan accounts with shareholders. These loans are unsecured, repayable on demand and where applicable, interest has been charged at the HMRC approved rate.

Included under other debtors are amounts totalling £884,161 for amounts due from entities under common control. These amounts are unsecured, interest free and repayable on demand.