Arra Design Consultants Limited 09172782 false 2022-09-01 2023-08-31 2023-08-31 The principal activity of the company is that of specialised design consultants. Digita Accounts Production Advanced 6.30.9574.0 true 09172782 2022-09-01 2023-08-31 09172782 2023-08-31 09172782 core:CurrentFinancialInstruments 2023-08-31 09172782 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 09172782 core:LandBuildings core:OwnedOrFreeholdAssets 2023-08-31 09172782 1 2023-08-31 09172782 bus:SmallEntities 2022-09-01 2023-08-31 09172782 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 09172782 bus:FullAccounts 2022-09-01 2023-08-31 09172782 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 09172782 bus:RegisteredOffice 2022-09-01 2023-08-31 09172782 bus:Director1 2022-09-01 2023-08-31 09172782 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 09172782 countries:EnglandWales 2022-09-01 2023-08-31 09172782 1 2022-09-01 2023-08-31 09172782 2022-08-31 09172782 core:LandBuildings core:OwnedOrFreeholdAssets 2022-08-31 09172782 1 2022-08-31 09172782 2021-09-01 2022-08-31 09172782 2022-08-31 09172782 core:CurrentFinancialInstruments 2022-08-31 09172782 core:CurrentFinancialInstruments core:WithinOneYear 2022-08-31 09172782 core:LandBuildings core:OwnedOrFreeholdAssets 2022-08-31 09172782 1 2022-08-31 09172782 1 2021-09-01 2022-08-31 09172782 1 2021-08-31 iso4217:GBP xbrli:pure

Registration number: 09172782

Arra Design Consultants Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2023

 

Arra Design Consultants Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Arra Design Consultants Limited

(Registration number: 09172782)
Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

37,840

37,840

Current assets

 

Stocks

5

150

150

Debtors

6

2,172

-

Cash at bank and in hand

 

4,830

4,223

 

7,152

4,373

Creditors: Amounts falling due within one year

7

(40,163)

(44,023)

Net current liabilities

 

(33,011)

(39,650)

Net assets/(liabilities)

 

4,829

(1,810)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

4,729

(1,910)

Shareholders' funds/(deficit)

 

4,829

(1,810)

For the financial year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 March 2024 and signed on its behalf by:
 

.........................................
C M Healy
Director

 

Arra Design Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for graphic design consultancy. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Borrowings

 

Arra Design Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 September 2022

37,840

37,840

At 31 August 2023

37,840

37,840

Depreciation

Carrying amount

At 31 August 2023

37,840

37,840

At 31 August 2022

37,840

37,840

Included within the net book value of land and buildings above is £37,840 (2022 - £37,840) in respect of freehold land and buildings.
 

5

Stocks

2023
£

2022
£

Work in progress

150

150

 

Arra Design Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

6

Debtors

Current

2023
£

2022
£

Trade debtors

2,172

-

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Loans and borrowings

927

644

Taxation and social security

248

50

Other creditors

38,988

43,329

40,163

44,023

8

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Bank overdrafts

927

644

9

Related party transactions

Transactions with directors

2023

At 1 September 2022
£

Advances to director
£

Repayments by director
£

At 31 August 2023
£

(41,823)

7,906

(2,765)

(36,682)

         
       

 

2022

At 1 September 2021
£

Advances to director
£

Repayments by director
£

At 31 August 2022
£

(44,938)

8,050

(4,935)

(41,823)