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REGISTERED NUMBER: 04633800 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Arcform Limited

Arcform Limited (Registered number: 04633800)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Arcform Limited

Company Information
for the Year Ended 31 March 2023







Director: J Tudor





Registered office: The Hangar
Cae Pennant
Llandegla
Wrexham
LL11 3BB





Registered number: 04633800 (England and Wales)





Accountants: Ellis & Co
Chartered Accountants
Redwither Tower
Wrexham Industrial Estate
Wrexham
LL13 9XT

Arcform Limited (Registered number: 04633800)

Statement of Financial Position
31 March 2023

31/3/23 31/3/22
Notes £    £    £    £   
Fixed assets
Tangible assets 4 6,231 2,334

Current assets
Stocks 15,550 15,325
Debtors 5 239,995 174,712
Cash at bank 5,207 1,852
260,752 191,889
Creditors
Amounts falling due within one year 6 171,609 157,751
Net current assets 89,143 34,138
Total assets less current liabilities 95,374 36,472

Provisions for liabilities 1,616 438
Net assets 93,758 36,034

Capital and reserves
Called up share capital 100 100
Retained earnings 93,658 35,934
93,758 36,034

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 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.

Arcform Limited (Registered number: 04633800)

Statement of Financial Position - continued
31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 November 2023 and were signed by:





J Tudor - Director


Arcform Limited (Registered number: 04633800)

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

1. Statutory information

Arcform 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.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold improvements - 10% on cost
Plant and machinery - 25% reducing balance
Fixtures, fittings and equipment - 25% on cost
Motor vehicles - 20% on cost

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 Statement of Income and Retained Earnings, 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.


Arcform Limited (Registered number: 04633800)

Notes to the Financial Statements - continued
for the Year Ended 31 March 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 leasing commitments
Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

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.

Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
Government grants are recognised using the accrual model and the performance model.
Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.
Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

3. Employees and directors

The average number of employees during the year was 12 (2022 - 8 ) .

Arcform Limited (Registered number: 04633800)

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

4. Tangible fixed assets
Fixtures,
fittings
Leasehold Plant and and Motor
improvements machinery equipment vehicles Totals
£    £    £    £    £   
Cost
At 1 April 2022 10,169 36,406 6,935 34,506 88,016
Additions - 6,298 - - 6,298
Disposals - (12,051 ) (6,776 ) (13,299 ) (32,126 )
At 31 March 2023 10,169 30,653 159 21,207 62,188
Depreciation
At 1 April 2022 10,169 34,190 6,817 34,506 85,682
Charge for year - 2,050 40 - 2,090
Eliminated on disposal - (11,740 ) (6,776 ) (13,299 ) (31,815 )
At 31 March 2023 10,169 24,500 81 21,207 55,957
Net book value
At 31 March 2023 - 6,153 78 - 6,231
At 31 March 2022 - 2,216 118 - 2,334

5. Debtors: amounts falling due within one year
31/3/23 31/3/22
£    £   
Trade debtors 213,729 112,646
Other debtors 26,266 62,066
239,995 174,712

6. Creditors: amounts falling due within one year
31/3/23 31/3/22
£    £   
Trade creditors 97,211 75,964
Taxation and social security 57,944 43,967
Other creditors 16,454 37,820
171,609 157,751

7. Related party disclosures

The director has made loans to the company. The balance on these loans at 31 March 2023
was £12,218 (2022 - £29,795). These loans are unsecured, interest free and repayable on
demand.