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REGISTERED NUMBER: 13252919 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Arks Southwest Limited

Arks Southwest Limited (Registered number: 13252919)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Arks Southwest Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr R L Collier
Mr A J West





REGISTERED OFFICE: Unit 2c, Gallagher Retail Park
Marchfield Way
Weston-Super-Mare
North Somerset
BS23 3YY





REGISTERED NUMBER: 13252919 (England and Wales)





ACCOUNTANTS: ARC & Co. Accountants Limited
Northfield House
Shurdington Road
Bentham
Cheltenham
Gloucestershire
GL51 4UA

Arks Southwest Limited (Registered number: 13252919)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,625 7,500

CURRENT ASSETS
Stocks 5 303,174 123,844
Debtors 6 16,065 93,757
Cash at bank 20,398 2,168
339,637 219,769
CREDITORS
Amounts falling due within one year 7 251,072 183,677
NET CURRENT ASSETS 88,565 36,092
TOTAL ASSETS LESS CURRENT
LIABILITIES

94,190

43,592

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 94,188 43,590
SHAREHOLDERS' FUNDS 94,190 43,592

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

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

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 May 2023 and were signed on its behalf by:





Mr A J West - Director


Arks Southwest Limited (Registered number: 13252919)

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

1. STATUTORY INFORMATION

Arks Southwest 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.
Plant and machinery - 25% on reducing balance

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 5 ) .

Arks Southwest Limited (Registered number: 13252919)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2022
and 31 March 2023 10,000
DEPRECIATION
At 1 April 2022 2,500
Charge for year 1,875
At 31 March 2023 4,375
NET BOOK VALUE
At 31 March 2023 5,625
At 31 March 2022 7,500

5. STOCKS
31.3.23 31.3.22
£    £   
Stocks 303,174 123,844

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
VAT 16,065 30,449
Prepayments - 63,308
16,065 93,757

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Pension creditor - 692
Trade creditors 40,753 92,277
Corporation tax 22,654 8,871
Social security and other taxes 19,177 31,159
Directors' current accounts 165,988 48,178
Accrued expenses 2,500 2,500
251,072 183,677

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
2 Ordinary £1 2 2

Arks Southwest Limited (Registered number: 13252919)

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

9. RESERVES
Retained
earnings
£   

At 1 April 2022 43,590
Profit for the year 54,598
Dividends (4,000 )
At 31 March 2023 94,188

10. RELATED PARTY DISCLOSURES

During the year the directors, Mr R L Collier and Mr A J West, made net deposits to their account of £117,810. The balance on their account at 31 March 2023 was £165,988 in credit (2022 - £48,178).

11. ULTIMATE CONTROLLING PARTY

The directors acknowledge that there is no ultimate controlling party as no individual holds a majority of the company's issued, voting share capital.