Arlex Services Limited 10452313 false 2022-11-01 2023-10-31 2023-10-31 The principal activity of the company is that of translation and interpreting services. Digita Accounts Production Advanced 6.30.9574.0 true true 10452313 2022-11-01 2023-10-31 10452313 2023-10-31 10452313 core:RetainedEarningsAccumulatedLosses 2023-10-31 10452313 core:ShareCapital 2023-10-31 10452313 core:CurrentFinancialInstruments 2023-10-31 10452313 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 10452313 core:FurnitureFittingsToolsEquipment 2023-10-31 10452313 bus:SmallEntities 2022-11-01 2023-10-31 10452313 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 10452313 bus:FullAccounts 2022-11-01 2023-10-31 10452313 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 10452313 bus:RegisteredOffice 2022-11-01 2023-10-31 10452313 bus:Director1 2022-11-01 2023-10-31 10452313 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 10452313 core:FurnitureFittings 2022-11-01 2023-10-31 10452313 core:FurnitureFittingsToolsEquipment 2022-11-01 2023-10-31 10452313 countries:EnglandWales 2022-11-01 2023-10-31 10452313 2022-10-31 10452313 core:FurnitureFittingsToolsEquipment 2022-10-31 10452313 2021-11-01 2022-10-31 10452313 2022-10-31 10452313 core:RetainedEarningsAccumulatedLosses 2022-10-31 10452313 core:ShareCapital 2022-10-31 10452313 core:CurrentFinancialInstruments 2022-10-31 10452313 core:CurrentFinancialInstruments core:WithinOneYear 2022-10-31 10452313 core:FurnitureFittingsToolsEquipment 2022-10-31 iso4217:GBP xbrli:pure

Registration number: 10452313

Arlex Services Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2023

 

Arlex Services Limited

(Registration number: 10452313)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,099

1,373

Current assets

 

Debtors

5

1,142

2,025

Cash at bank and in hand

 

22,778

53,700

 

23,920

55,725

Creditors: Amounts falling due within one year

6

(871)

(3,437)

Net current assets

 

23,049

52,288

Net assets

 

24,148

53,661

Capital and reserves

 

Called up share capital

1

1

Retained earnings

24,147

53,660

Shareholders' funds

 

24,148

53,661

For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges her 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 March 2024
 

.........................................
Mrs A Riley
Director

 

Arlex Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 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:
44 Borden Lane
Sittingbourne
Kent
ME10 1DB
England

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.

Going concern

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

 

Arlex Services Limited

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

Judgements

The company may be required to make estimates and assumptions concerning the future. These estimates and judgements are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The resulting accounting estimates will, by definition, seldom equal the related actual results. The principal areas where judgement was exercised are as follows:

i) Recoverability of trade debtors: the director annually assesses whether a bad debt provision is required for any bad or doubtful debtor balances.

ii) Tangible fixed assets: the director annually assesses both the residual value of these assets and the expected useful life of such assets based on experience.

iii) Use of home provision: the director annually assesses the expected use of home provision for the year.

Revenue 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.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings and equipment

20% on reducing balance

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.

Trade 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.

 

Arlex Services Limited

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

Trade 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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Arlex Services Limited

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

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 November 2022

2,223

2,223

At 31 October 2023

2,223

2,223

Depreciation

At 1 November 2022

850

850

Charge for the year

274

274

At 31 October 2023

1,124

1,124

Carrying amount

At 31 October 2023

1,099

1,099

At 31 October 2022

1,373

1,373

5

Debtors

2023
£

2022
£

Trade debtors

-

2,025

Other debtors

1,142

-

1,142

2,025

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

-

891

Taxation and social security

 

-

1,736

Accruals and deferred income

 

871

810

 

871

3,437

 

Arlex Services Limited

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

7

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Other borrowings

-

891