ARC ENVIRONMENTAL LIMITED

Company Registration Number:
05539784 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2023

Period of accounts

Start date: 1 October 2022

End date: 30 September 2023

ARC ENVIRONMENTAL LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2023

Balance sheet
Additional notes
Balance sheet notes

ARC ENVIRONMENTAL LIMITED

Balance sheet

As at 30 September 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 15,332 19,991
Total fixed assets: 15,332 19,991
Current assets
Debtors: 4 864,108 679,117
Cash at bank and in hand: 415,173 267,995
Total current assets: 1,279,281 947,112
Creditors: amounts falling due within one year: 5 ( 583,094 ) ( 339,723 )
Net current assets (liabilities): 696,187 607,389
Total assets less current liabilities: 711,519 627,380
Provision for liabilities: ( 3,427 ) ( 4,246 )
Total net assets (liabilities): 708,092 623,134
Capital and reserves
Called up share capital: 400 400
Profit and loss account: 707,692 622,734
Total Shareholders' funds: 708,092 623,134

The notes form part of these financial statements

ARC ENVIRONMENTAL LIMITED

Balance sheet statements

For the year ending 30 September 2023 the company was entitled to exemption 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 directors acknowledge their 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 28 February 2024
and signed on behalf of the board by:

Name: D McGrath
Status: Director

The notes form part of these financial statements

ARC ENVIRONMENTAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes after adjusting for work in progress.Income recognitionRevenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery - 15% on cost Fixtures and fittings - 15% on cost Motor vehicles - 25% on cost Office equipment - 25% on cost Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

    Other accounting policies

    Financial instrumentsBasic financial instruments are recognised at amortised cost with changes recognised in profit and loss.TaxationTaxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 taxDeferred 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 commitmentsRentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. Pension costs and other post-retirement benefitsThe company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.Amounts recoverable on contractsAmounts recoverable on contracts are valued at the lower of cost and net realisable value.Cost includes all direct expenditure in bringing projects to their present state of completion. Profit on contracts is taken as the work is carried out if the final outcome can be assessed with reasonable accuracy. The profit included is calculated on a prudent basis to reflect the proportion of the work carried out at the year end, by recording turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs incurred to date bear to total expected costs for that contract. Revenues derived from variations on contracts are recognised only when they have been accepted by the customer.Related party exemptionThe company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

ARC ENVIRONMENTAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 16 15

ARC ENVIRONMENTAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 October 2022 36,733 8,323 18,454 21,276 84,786
Additions 847 847
Disposals
Revaluations
Transfers
At 30 September 2023 36,733 8,323 19,301 21,276 85,633
Depreciation
At 1 October 2022 22,698 8,163 12,658 21,276 64,795
Charge for year 2,789 66 2,651 5,506
On disposals
Other adjustments
At 30 September 2023 25,487 8,229 15,309 21,276 70,301
Net book value
At 30 September 2023 11,246 94 3,992 0 15,332
At 30 September 2022 14,035 160 5,796 0 19,991

ARC ENVIRONMENTAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

4. Debtors

2023 2022
£ £
Trade debtors 658,459 607,189
Prepayments and accrued income 20,310 3,630
Other debtors 185,339 68,298
Total 864,108 679,117

ARC ENVIRONMENTAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 202,383 150,679
Taxation and social security 237,464 112,937
Accruals and deferred income 33,050 32,864
Other creditors 110,197 43,243
Total 583,094 339,723

ARC ENVIRONMENTAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

6. Financial Commitments

Minimum lease payments under non-cancellable operating leases falling due within one year are £31,193 (2022: £31,193) and between one and five years are £36,595 (2022: £36,595).