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REGISTERED NUMBER: 09240381 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

ARC Devon Construction Ltd

ARC Devon Construction Ltd (Registered number: 09240381)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ARC Devon Construction Ltd

Company Information
for the Year Ended 30 September 2023







DIRECTOR: L J Kent



REGISTERED OFFICE: c/o Baines & Co
46 Rolle Street
Exmouth
Devon
EX8 2SQ



REGISTERED NUMBER: 09240381 (England and Wales)



ACCOUNTANTS: Baines & Co
46 Rolle Street
Exmouth
Devon
EX8 2SQ



BANKERS: NatWest Bank plc
11 Rolle Street
Exmouth
Devon
EX8 1HJ

ARC Devon Construction Ltd (Registered number: 09240381)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,444 1,883

CURRENT ASSETS
Stocks 5 2,100 37,100
Debtors 6 24,228 10,977
Cash at bank 1,800 13,546
28,128 61,623
CREDITORS
Amounts falling due within one year 7 17,482 41,426
NET CURRENT ASSETS 10,646 20,197
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,090

22,080

PROVISIONS FOR LIABILITIES 8 274 357
NET ASSETS 11,816 21,723

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 11,814 21,721
SHAREHOLDERS' FUNDS 11,816 21,723

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 February 2024 and were signed by:



L J Kent - Director


ARC Devon Construction Ltd (Registered number: 09240381)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

ARC Devon Construction 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 25% 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 Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

ARC Devon Construction Ltd (Registered number: 09240381)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2022 12,946 20,095 599 33,640
Additions 224 - - 224
At 30 September 2023 13,170 20,095 599 33,864
DEPRECIATION
At 1 October 2022 11,063 20,095 599 31,757
Charge for year 663 - - 663
At 30 September 2023 11,726 20,095 599 32,420
NET BOOK VALUE
At 30 September 2023 1,444 - - 1,444
At 30 September 2022 1,883 - - 1,883

5. STOCKS
30.9.23 30.9.22
£    £   
Stocks 2,100 2,100
Work-in-progress - 35,000
2,100 37,100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 7,191 -
Other debtors 1,405 545
Directors' current accounts 15,134 5,547
VAT - 4,564
Prepayments 498 321
24,228 10,977

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 10,439 38,554
Tax - 860
Social security and other taxes 1,103 562
VAT 4,490 -
Accrued expenses 1,450 1,450
17,482 41,426

ARC Devon Construction Ltd (Registered number: 09240381)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

8. PROVISIONS FOR LIABILITIES
30.9.23 30.9.22
£    £   
Deferred tax 274 357

Deferred
tax
£   
Balance at 1 October 2022 357
Credit to Income Statement during year (83 )
Balance at 30 September 2023 274

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
2 Ordinary 1 2 2

10. RESERVES
Retained
earnings
£   

At 1 October 2022 21,721
Deficit for the year (9,907 )
At 30 September 2023 11,814

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2023 and 30 September 2022:

30.9.23 30.9.22
£    £   
L J Kent
Balance outstanding at start of year 5,547 -
Amounts advanced 9,587 5,547
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,134 5,547

Interest has been charged on the directors' loans at 2% when overdrawn. There are no fixed repayment terms.

12. POST BALANCE SHEET EVENTS

There have been no events since the balance sheet date, which will have a material effect on the
financial statements of the company ended on that date.

ARC Devon Construction Ltd (Registered number: 09240381)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

13. ULTIMATE CONTROLLING PARTY

The controlling party is L J Kent.

The ultimate controlling party is L J Kent.