Company Registration No. 6235853 (England and Wales)
ARK34 LIMITED
Unaudited accounts
for the year ended 30 June 2023
ARK34 LIMITED
Unaudited accounts
Contents
ARK34 LIMITED
Company Information
for the year ended 30 June 2023
Company Number
6235853 (England and Wales)
Registered Office
34 NORTHWICK AVENUE, KENTON
HARROW
MIDDLESEX
HA3 0AB
ARK34 LIMITED
Statement of financial position
as at 30 June 2023
Tangible assets
18,168
27,438
Cash at bank and in hand
1,397,219
1,129,259
Creditors: amounts falling due within one year
(107,526)
(184,774)
Net current assets
1,296,092
1,073,189
Total assets less current liabilities
1,314,345
1,100,712
Creditors: amounts falling due after more than one year
(24,106)
(28,558)
Net assets
1,290,239
1,072,154
Called up share capital
999
999
Profit and loss account
1,289,240
1,071,155
Shareholders' funds
1,290,239
1,072,154
For the year ending 30 June 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 March 2024 and were signed on its behalf by
S Shah
Director
Company Registration No. 6235853
ARK34 LIMITED
Notes to the Accounts
for the year ended 30 June 2023
ARK34 LIMITED is a private company, limited by shares, registered in England and Wales, registration number 6235853. The registered office is 34 NORTHWICK AVENUE, KENTON, HARROW, MIDDLESEX, HA3 0AB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Preparation of consolidated financial statements
The financial statement contain information about Ark34 limited as an individual company and do not contain consolidated financial information as the parent of the group. The company is exempt under section 399(2A) of the Companies Act 2006 from the requirement to prepare consolidated financial statements.
The turnover shown in the profit and loss account represents revenue recognized by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% straight line
Fixtures & fittings
20% straight line
Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any impairment values.
Stock is valued at the lower of cost and net realisable value. Cost includes the cost of purchase on a first in first out basis. Net realisable value is based on estimated selling price less further costs to disposal.
Transactions in foreign currencies are recorded at the rate ruling at the dates of the transactions. Monetary assets and liabilities denominated in foreign currency are translated at the exchange rate ruling at the balance sheet date. All differences are taken to the profit and loss account.
ARK34 LIMITED
Notes to the Accounts
for the year ended 30 June 2023
Leased and Hire purchase assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets financed by hire purchase agreements that give rights approximating to ownership are capitalised and disclosed under tangible fixed assets and depreciated over their useful lives. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.
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Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 July 2022
35,526
4,188
39,714
At 30 June 2023
35,526
4,188
39,714
At 1 July 2022
8,882
3,394
12,276
Charge for the year
8,882
388
9,270
At 30 June 2023
17,764
3,782
21,546
At 30 June 2023
17,762
406
18,168
At 30 June 2022
26,644
794
27,438
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
17,762
26,644
5
Investments
Subsidiary undertakings
Valuation at 1 July 2022
85
Valuation at 30 June 2023
85
Group Undertakings
The company's Investment at the balance sheet date in the share capital of companies include the following:
1. Creed Supplies BV. Registered in Amsterdam, Netherlands.
100% of the issued share capital of 100 ordinary shares of 1.00 Euro each.
Nature of business - Distribution and wholesale of general goods (Including Food)
Agreegate capital and reserves - £90,534 (2022 - £13,922)
ARK34 LIMITED
Notes to the Accounts
for the year ended 30 June 2023
Amounts falling due within one year
Trade debtors
1,097
10,587
Amounts due from group undertakings etc.
-
8,769
Accrued income and prepayments
3,302
6,796
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Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
4,452
4,452
Trade creditors
5,768
50,868
Taxes and social security
88,091
126,705
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
24,106
28,558
Allotted, called up and fully paid:
999 Ordinary shares of £1 each
999
999
The company is under the control of the director Mr S Shah, who has a beneficial and family interest in 100% of the issued share capital.
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Average number of employees
During the year the average number of employees was 4 (2022: 3).