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REGISTERED NUMBER: SC523779 (Scotland)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

ARM HOMES LIMITED

ARM HOMES LIMITED (REGISTERED NUMBER: SC523779)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ARM HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: Mrs E Mccartney





REGISTERED OFFICE: Arran House
15d Syke Road
Prestwick
Ayrshire
KA9 2TA





REGISTERED NUMBER: SC523779 (Scotland)





ACCOUNTANTS: Robert J Hart & Company
Chartered Accountants
Arran House
15D Skye Road
Prestwick
Ayrshire
KA9 2TA

ARM HOMES LIMITED (REGISTERED NUMBER: SC523779)

BALANCE SHEET
31 JANUARY 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,139 21,030

CURRENT ASSETS
Stocks - 631,790
Debtors 5 1,247,770 19,268
Cash at bank - 263,259
1,247,770 914,317
CREDITORS
Amounts falling due within one year 6 774,480 790,825
NET CURRENT ASSETS 473,290 123,492
TOTAL ASSETS LESS CURRENT
LIABILITIES

475,429

144,522

CREDITORS
Amounts falling due after more than one
year

7

13,023

17,828
NET ASSETS 462,406 126,694

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 462,306 126,594
462,406 126,694

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

ARM HOMES LIMITED (REGISTERED NUMBER: SC523779)

BALANCE SHEET - continued
31 JANUARY 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 29 January 2024 and were signed by:





Mrs E Mccartney - Director


ARM HOMES LIMITED (REGISTERED NUMBER: SC523779)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

ARM Homes Limited is a private company, limited by shares , registered in Scotland. 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 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 reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 stocks 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.

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.

Pension costs and other post-retirement benefits
The 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

ARM HOMES LIMITED (REGISTERED NUMBER: SC523779)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2022 21,650 37,685 741 60,076
Disposals (21,650 ) (22,396 ) - (44,046 )
At 31 January 2023 - 15,289 741 16,030
DEPRECIATION
At 1 February 2022 8,787 29,650 609 39,046
Charge for year - 680 33 713
Eliminated on disposal (8,787 ) (17,081 ) - (25,868 )
At 31 January 2023 - 13,249 642 13,891
NET BOOK VALUE
At 31 January 2023 - 2,040 99 2,139
At 31 January 2022 12,863 8,035 132 21,030

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Other debtors 1,247,770 19,268

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 49 -
Trade creditors 2,161 42,334
Taxation and social security 423,191 29,505
Other creditors 349,079 718,986
774,480 790,825

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Other creditors 13,023 17,828

ARM HOMES LIMITED (REGISTERED NUMBER: SC523779)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2023 and 31 January 2022:

31.1.23 31.1.22
£    £   
Mrs E Mccartney
Balance outstanding at start of year - -
Amounts advanced 927,700 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 927,700 -

Interest has been charged on the overdrawn director's loan account. at a rate of 2%.

9. RELATED PARTY DISCLOSURES

A balance of £341,702 is owed to a company related by common director. The balance is interest free with no fixed repayment terms.