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REGISTERED NUMBER: 11814970 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 March 2023

for

ARC Structures Ltd

ARC Structures Ltd (Registered number: 11814970)






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




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 5


ARC Structures Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs C Chiverton
A A Chiverton





REGISTERED OFFICE: Unit 111
Filwood Park Lane
Bristol
BS4 1ET





REGISTERED NUMBER: 11814970 (England and Wales)





ACCOUNTANTS: Taylor Hobbs
Cherry Tree Barn
Walcot Lane
Drakes Broughton
Pershore
Worcestershire
WR10 2AL

ARC Structures Ltd (Registered number: 11814970)

Report of the Directors
for the Year Ended 31 March 2023

The directors present their report with the financial statements of the company for the year ended 31 March 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of specialised construction activities.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2022 to the date of this report.

Mrs C Chiverton
A A Chiverton

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





A A Chiverton - Director


22 November 2023

ARC Structures Ltd (Registered number: 11814970)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,706 19,546

CURRENT ASSETS
Stocks 7,759 -
Debtors 5 25,514 41,464
Cash at bank 78,988 31,324
112,261 72,788
CREDITORS
Amounts falling due within one year 6 80,241 38,389
NET CURRENT ASSETS 32,020 34,399
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,726

53,945

CREDITORS
Amounts falling due after more than one year 7 (25,451 ) (40,655 )

PROVISIONS FOR LIABILITIES (3,513 ) (3,212 )
NET ASSETS 18,762 10,078

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 18,662 9,978
SHAREHOLDERS' FUNDS 18,762 10,078

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.

ARC Structures Ltd (Registered number: 11814970)

Balance Sheet - 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 Board of Directors and authorised for issue on 22 November 2023 and were signed on its behalf by:





A A Chiverton - Director


ARC Structures Ltd (Registered number: 11814970)

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

1. STATUTORY INFORMATION

ARC Structures 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.

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
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

ARC Structures Ltd (Registered number: 11814970)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2022 2,642 598 1,986 26,976 32,202
Additions - - 515 - 515
At 31 March 2023 2,642 598 2,501 26,976 32,717
DEPRECIATION
At 1 April 2022 - 190 774 11,692 12,656
Charge for year - 102 432 3,821 4,355
At 31 March 2023 - 292 1,206 15,513 17,011
NET BOOK VALUE
At 31 March 2023 2,642 306 1,295 11,463 15,706
At 31 March 2022 2,642 408 1,212 15,284 19,546

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 8,527 40,033
VAT 10,123 -
Prepayments 6,864 1,431
25,514 41,464

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 11,997 10,613
Hire purchase contracts 3,500 3,500
Trade creditors 44,252 5,992
Tax 12,455 880
Social security and other taxes 5,643 4,811
VAT - 4,369
Directors' current accounts 971 769
Accrued expenses 1,423 7,455
80,241 38,389

The Company took out a Bounce Back Loan of £50,000 on 27th May 2020, repayable over a six year term with a fixed interest rate of 2.5%. There is automatically one year with no repayments or interest and the Business Interruption payment of £1,250, is payable by the government. Included within creditors due within 1 year is an amount of £11,997. Repayments commenced in June 2021.

ARC Structures Ltd (Registered number: 11814970)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 2-5 years 23,993 35,697
Hire purchase contracts 1,458 4,958
25,451 40,655

The Company took out a Bounce Back Loan of £50,000 on 27th May 2020, repayable over a six year term with a fixed interest rate of 2.5%. There is automatically one year with no repayments or interest and the Business Interruption payment of £1,250, is payable by the government. Included within creditors due after more than 1 year is an amount of £23,993. Repayments commenced in June 2021.

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the end of the financial year, the company owed the directors £971 (2022: £769).