1 August 2022 false No description of principal activity Taxfiler 2023.14 08604966business:PrivateLimitedCompanyLtd2022-08-012023-07-31 086049662022-07-31 086049662022-08-012023-07-31 08604966business:AuditExemptWithAccountantsReport2022-08-012023-07-31 08604966business:FilletedAccounts2022-08-012023-07-31 086049662023-07-31 08604966business:Director12022-08-012023-07-31 08604966business:RegisteredOffice2022-08-012023-07-31 086049662022-07-31 08604966core:WithinOneYear2023-07-31 08604966core:WithinOneYear2022-07-31 08604966core:AfterOneYear2023-07-31 08604966core:AfterOneYear2022-07-31 08604966core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 08604966core:ShareCapitalcore:PreviouslyStatedAmount2022-07-31 08604966core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 08604966core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-07-31 08604966core:PreviouslyStatedAmount2023-07-31 08604966core:PreviouslyStatedAmount2022-07-31 08604966business:SmallEntities2022-08-012023-07-31 08604966countries:EnglandWales2022-08-012023-07-31 08604966core:PlantMachinery2022-08-012023-07-31 08604966core:FurnitureFittings2022-08-012023-07-31 08604966core:ComputerEquipment2022-08-012023-07-31 08604966core:PlantMachinery2022-07-31 08604966core:FurnitureFittings2022-07-31 08604966core:ComputerEquipment2022-07-31 08604966core:PlantMachinery2023-07-31 08604966core:FurnitureFittings2023-07-31 08604966core:ComputerEquipment2023-07-31 08604966business:OrdinaryShareClass12022-08-012023-07-31 08604966business:OrdinaryShareClass12021-08-012022-07-31 086049662021-08-012022-07-31 iso4217:GBP xbrli:shares xbrli:pure
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
Page
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AREM AD LTD Company Information for the year ended 31 July 2023
Director
Emma Palmer
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
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AREM AD LTD Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,578 
2,666 
Investment property
161,167 
- 
165,745 
2,666 
Current assets
Inventories
11,297 
10,951 
Debtors
226 
- 
Cash at bank and in hand
33,998 
31,406 
45,521 
42,357 
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)
- 
Net assets
53,857 
31,816 
Capital and reserves
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
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AREM AD LTD Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
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.
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:
Plant & machinery
20%
Fixtures & fittings
33.3%
Computer equipment
33.3%
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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 
Depreciation
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 
Net book value
At 31 July 2023
1,106 
875 
2,597 
4,578 
At 31 July 2022
- 
759 
1,907 
2,666 
5
Investment property
2023 
£ 
Additions
161,167 
At 31 July 2023
161,167 
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.
6
Inventories
2023 
2022 
£ 
£ 
Work in progress
11,297 
10,951 
11,297 
10,951 
WIP INV 212 06082023 RELATES TO JULY WORK
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
226 
- 
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
6,067 
4,868 
Taxes and social security
4,995 
4,816 
Other creditors
2,564 
2,470 
Loans from directors
- 
102 
Accruals
1,283 
951 
14,909 
13,207 
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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 
- 
10
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10 
10 
11
Loans to directors
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).
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