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Company Registration No. 11846753 (England and Wales)
ARG Flex LTD Unaudited accounts for the year ended 28 February 2023
ARG Flex LTD Unaudited accounts Contents
Page
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ARG Flex LTD Company Information for the year ended 28 February 2023
Director
Alius Malinauskas
Company Number
11846753 (England and Wales)
Registered Office
FIRST FLOOR 107 GEORGE LANE LONDON E18 1AN UNITED KINGDOM
Accountants
Konsus LTD 1st Floor 107 George lane South Woodford ESSEX E18 1AN
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ARG Flex LTD Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
316 
632 
Current assets
Inventories
2,296 
3,441 
Debtors
15,784 
23,645 
Cash at bank and in hand
133 
11,629 
18,213 
38,715 
Creditors: amounts falling due within one year
7,603 
(1,471)
Net current assets
25,816 
37,244 
Total assets less current liabilities
26,132 
37,876 
Creditors: amounts falling due after more than one year
(35,227)
(44,101)
Net liabilities
(9,095)
(6,225)
Capital and reserves
Called up share capital
1 
1 
Capital contribution reserve
1 
- 
Profit and loss account
(9,097)
(6,226)
Shareholders' funds
(9,095)
(6,225)
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 October 2023 and were signed on its behalf by
Alius Malinauskas Director Company Registration No. 11846753
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ARG Flex LTD Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
ARG Flex LTD is a private company, limited by shares, registered in England and Wales, registration number 11846753. The registered office is FIRST FLOOR, 107 GEORGE LANE, LONDON, E18 1AN, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2022
1,265 
At 28 February 2023
1,265 
Depreciation
At 1 March 2022
633 
Charge for the year
316 
At 28 February 2023
949 
Net book value
At 28 February 2023
316 
At 28 February 2022
632 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
284 
31 
Other debtors
- 
8,114 
284 
8,145 
Amounts falling due after more than one year
Other debtors
15,500 
15,500 
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ARG Flex LTD Notes to the Accounts for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
283 
- 
Trade creditors
205 
1,471 
Loans from directors
(8,091)
- 
(7,603)
1,471 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
35,227 
44,101 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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