Company Registration No. 08604966 (England and Wales)
AREM AD LTD
Unaudited accounts
for the year ended 31 July 2023
AREM AD LTD
Unaudited accounts
Contents
AREM AD LTD
Company Information
for the year ended 31 July 2023
Company Number
08604966 (England and Wales)
Registered Office
8 Mint Street
Ramsbottom
Bury
Lancashire
BL0 0PE
Accountants
Joy Noakes
3 Crummock Close
Little Lever
Bolton
Lancs
BL3 1UG
AREM AD LTD
Statement of financial position
as at 31 July 2023
Tangible assets
4,578
2,666
Investment property
161,167
-
Cash at bank and in hand
33,998
31,406
Creditors: amounts falling due within one year
(14,909)
(13,207)
Net current assets
30,612
29,150
Total assets less current liabilities
196,357
31,816
Creditors: amounts falling due after more than one year
(142,500)
-
Called up share capital
10
10
Profit and loss account
53,847
31,806
Shareholders' funds
53,857
31,816
For the year ending 31 July 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 her 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 19 February 2024 and were signed on its behalf by
Emma Palmer
Director
Company Registration No. 08604966
AREM AD LTD
Notes to the Accounts
for the year ended 31 July 2023
AREM AD LTD is a private company, limited by shares, registered in England and Wales, registration number 08604966. The registered office is 8 Mint Street, Ramsbottom, Bury, Lancashire, BL0 0PE.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
AREM AD LTD
Notes to the Accounts
for the year ended 31 July 2023
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2022
-
4,359
9,301
13,660
Additions
1,223
92
1,885
3,200
At 31 July 2023
1,223
4,451
11,186
16,860
At 1 August 2022
-
3,600
7,394
10,994
Charge for the year
117
(24)
1,195
1,288
At 31 July 2023
117
3,576
8,589
12,282
At 31 July 2023
1,106
875
2,597
4,578
At 31 July 2022
-
759
1,907
2,666
The property purchased in February 2023 is not deemed to have decreased in value at the balance sheet date therefore no depreciation has been reported in the accounts.
Work in progress
11,297
10,951
WIP INV 212 06082023 RELATES TO JULY WORK
Amounts falling due within one year
Accrued income and prepayments
226
-
8
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
4,995
4,816
Other creditors
2,564
2,470
Loans from directors
-
102
AREM AD LTD
Notes to the Accounts
for the year ended 31 July 2023
9
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
142,500
-
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
The Directors Loaned the Company £160,000 to facilitate the Purchase of the property. At the balance sheet date the balance outstanding was £140,000.
12
Average number of employees
During the year the average number of employees was 2 (2022: 2).