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REGISTERED NUMBER: 09283092 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

ARK Construction Lincs Ltd

ARK Construction Lincs Ltd (Registered number: 09283092)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ARK Construction Lincs Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: P J Beat





REGISTERED OFFICE: C/O ABC Accounting Services
1 Willoughton Place
Wharton Close
Gainsborough
Lincolnshire
DN21 1EB





REGISTERED NUMBER: 09283092 (England and Wales)





ACCOUNTANTS: ABC Accounting Services
1 Willoughton Place
Wharton Close
Gainsborough
Lincolnshire
DN21 1EB

ARK Construction Lincs Ltd (Registered number: 09283092)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,600 3,200
Tangible assets 5 38,486 49,827
40,086 53,027

CURRENT ASSETS
Work in progress 20,000 32,500
Debtors 6 71,219 77,148
91,219 109,648
CREDITORS
Amounts falling due within one year 7 54,440 68,922
NET CURRENT ASSETS 36,779 40,726
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,865

93,753

CREDITORS
Amounts falling due after more than one
year

8

(30,000

)

(35,000

)

PROVISIONS FOR LIABILITIES (4,978 ) (8,840 )
NET ASSETS 41,887 49,913

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 41,885 49,911
SHAREHOLDERS' FUNDS 41,887 49,913

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

ARK Construction Lincs Ltd (Registered number: 09283092)

Balance Sheet - continued
31 October 2023


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 18 April 2024 and were signed by:





P J Beat - Director


ARK Construction Lincs Ltd (Registered number: 09283092)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

ARK Construction Lincs 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.

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 represents net invoiced sales of building services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing work in progress to their present location and condition.

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.

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 ) .

ARK Construction Lincs Ltd (Registered number: 09283092)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 16,000
AMORTISATION
At 1 November 2022 12,800
Amortisation for year 1,600
At 31 October 2023 14,400
NET BOOK VALUE
At 31 October 2023 1,600
At 31 October 2022 3,200

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2022 65,235 950 21,925 850 88,960
Additions - - - 337 337
Disposals - - (6,715 ) - (6,715 )
At 31 October 2023 65,235 950 15,210 1,187 82,582
DEPRECIATION
At 1 November 2022 28,512 791 8,980 850 39,133
Charge for year 5,508 32 1,729 111 7,380
Eliminated on disposal - - (2,417 ) - (2,417 )
At 31 October 2023 34,020 823 8,292 961 44,096
NET BOOK VALUE
At 31 October 2023 31,215 127 6,918 226 38,486
At 31 October 2022 36,723 159 12,945 - 49,827

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors - 7,003
Loan to Ark Joinery 53,280 48,490
CIS suffered tax 17,939 21,655
71,219 77,148

ARK Construction Lincs Ltd (Registered number: 09283092)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 24,356 25,621
VAT 1,695 5,594
Other creditors 16,807 16,807
Directors' current accounts 10,982 20,900
Accrued expenses 600 -
54,440 68,922

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 20,000 25,000
30,000 35,000

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £4,400 (2022 - £5,400) were paid to the director .

The director is a related party to Ark Bespoke Joinery Ltd.

A loan, which is included in debtors, subsisted between the company and Ark Bespoke Joinery Ltd with a value of £53,280 (2022 - £48,490) at the year end.

This loan is interest free and repayable on demand. All transactions were carried out on a commercial basis and in accordance with their normal terms and conditions of trade.

10. ULTIMATE CONTROLLING PARTY

The controlling party is P J Beat.