ARA Commercial Limited 08249971 false 2022-10-01 2023-09-30 2023-09-30 The principal activity of the company is to service an archive digitisation contract and Archives Card Project Digita Accounts Production Advanced 6.30.9574.0 true false true 08249971 2022-10-01 2023-09-30 08249971 2023-09-30 08249971 core:RetainedEarningsAccumulatedLosses 2023-09-30 08249971 core:ShareCapital 2023-09-30 08249971 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 08249971 bus:SmallEntities 2022-10-01 2023-09-30 08249971 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 08249971 bus:FullAccounts 2022-10-01 2023-09-30 08249971 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 08249971 bus:RegisteredOffice 2022-10-01 2023-09-30 08249971 bus:Director4 2022-10-01 2023-09-30 08249971 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 08249971 1 2022-10-01 2023-09-30 08249971 countries:EnglandWales 2022-10-01 2023-09-30 08249971 2021-10-01 2022-09-30 08249971 2022-09-30 08249971 core:RetainedEarningsAccumulatedLosses 2022-09-30 08249971 core:ShareCapital 2022-09-30 08249971 core:CurrentFinancialInstruments core:WithinOneYear 2022-09-30 iso4217:GBP xbrli:pure

Company registration number: 08249971

ARA Commercial Limited

Filleted Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2023

 

ARA Commercial Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

ARA Commercial Limited

(Registration number: 08249971)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

14,982

14,957

Cash at bank and in hand

 

5,413

5,184

 

20,395

20,141

Creditors: Amounts falling due within one year

5

(16,010)

(17,275)

Net assets

 

4,385

2,866

Capital and reserves

 

Called up share capital

1

1

Profit and loss account

4,384

2,865

Total equity

 

4,385

2,866

For the financial year ending 30 September 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 and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The option not to file the profit and loss account and directors’ report has been taken.

Approved and authorised by the Board on 12 March 2024 and signed on its behalf by:
 


A R Nicoll
Director

   
 

ARA Commercial Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 September 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:
Goodwood House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX

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.

These financial statements are presented in Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis.

Turnover recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Revenue in respect of joining fees is recognised on receipt of a signed agreement by the customer. Revenue in respect of annual subscription fees is allocated as income to the periods to which the subscriptions relate.

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.

 

ARA Commercial Limited

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

Debtors

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

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Gift aid distributions

The company makes payments to its parent charity under gift aid and they are recognised upon physical payment as a distribution of funds

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 4 (2022 - 4).

4

Debtors

Current

2023
£

2022
£

Trade debtors

-

540

Prepayments

14,364

13,799

Other debtors

618

618

 

14,982

14,957

 

ARA Commercial Limited

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

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

199

1,204

Amounts owed to group undertakings and undertakings in which the company has a participating interest

10,410

14,821

Accruals and deferred income

 

5,401

1,250

 

16,010

17,275

6

Parent and ultimate parent undertaking

The company's immediate parent is Archives and Records Association (UK and Ireland), incorporated in England and Wales.