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REGISTERED NUMBER: SC592675 (Scotland)














UNAUDITED CESSATION FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2022 TO 31 MAY 2023

FOR

ARC ENGINEERING SERVICES LTD

ARC ENGINEERING SERVICES LTD (REGISTERED NUMBER: SC592675)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1 April 2022 to 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ARC ENGINEERING SERVICES LTD

COMPANY INFORMATION
for the Period 1 April 2022 to 31 May 2023







DIRECTOR: G W Gordon





REGISTERED OFFICE: 65 Donbank Terrace
Aberdeen
AB24 2SD





REGISTERED NUMBER: SC592675 (Scotland)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX

ARC ENGINEERING SERVICES LTD (REGISTERED NUMBER: SC592675)

BALANCE SHEET
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,468 6,803

CURRENT ASSETS
Debtors 5 5,113 5,543
Cash at bank 1,009 7,378
6,122 12,921
CREDITORS
Amounts falling due within one year 6 10,280 13,230
NET CURRENT LIABILITIES (4,158 ) (309 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,310 6,494

PROVISIONS FOR LIABILITIES 1,039 1,293
NET ASSETS 271 5,201

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 261 5,191
SHAREHOLDERS' FUNDS 271 5,201

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 4 August 2023 and were signed by:





G W Gordon - Director


ARC ENGINEERING SERVICES LTD (REGISTERED NUMBER: SC592675)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 April 2022 to 31 May 2023

1. STATUTORY INFORMATION

ARC Engineering Services Ltd is a private company, limited by shares , registered in Scotland. 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.
Plant and machinery - 20% on cost

The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets which include trade & other debtors, cash and bank balances are measured at transaction price including transaction costs.

Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers significant risk and reward of ownership to another entity.

Basic financial liabilities
Basic financial liabilities which include trade and other creditors are recognised at transaction price including transaction cost.

Financial liabilities are derecognised when the company's contractual obligations are discharged.

Taxation
Taxation for the period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2022 - NIL).

ARC ENGINEERING SERVICES LTD (REGISTERED NUMBER: SC592675)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 April 2022 to 31 May 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2022 10,481 1,034 11,515
Additions 1,587 - 1,587
At 31 May 2023 12,068 1,034 13,102
DEPRECIATION
At 1 April 2022 4,288 424 4,712
Charge for period 2,524 398 2,922
At 31 May 2023 6,812 822 7,634
NET BOOK VALUE
At 31 May 2023 5,256 212 5,468
At 31 March 2022 6,193 610 6,803

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 4,986 5,543
VAT 127 -
5,113 5,543

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 415 117
Tax - 1,239
VAT - 2,009
Directors' current accounts 9,865 9,865
10,280 13,230

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 May 2023 and the year ended 31 March 2022:

2023 2022
£    £   
G W Gordon
Balance outstanding at start of period (9,865 ) (19,913 )
Amounts advanced - 10,360
Amounts repaid - (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (9,865 ) (9,865 )

The above loan is interest free and has no set repayment terms.