Argoe Ltd 13522768 true 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is running of a restaurant. Digita Accounts Production Advanced 6.30.9574.0 true true 13522768 2023-04-01 2024-03-31 13522768 2024-03-31 13522768 bus:OrdinaryShareClass1 2024-03-31 13522768 core:CurrentFinancialInstruments 2024-03-31 13522768 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 13522768 core:FurnitureFittingsToolsEquipment 2024-03-31 13522768 core:LandBuildings 2024-03-31 13522768 core:OtherPropertyPlantEquipment 2024-03-31 13522768 bus:SmallEntities 2023-04-01 2024-03-31 13522768 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 13522768 bus:FilletedAccounts 2023-04-01 2024-03-31 13522768 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13522768 bus:RegisteredOffice 2023-04-01 2024-03-31 13522768 bus:CompanySecretary1 2023-04-01 2024-03-31 13522768 bus:Director1 2023-04-01 2024-03-31 13522768 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 13522768 bus:EntityHasNeverTraded 2023-04-01 2024-03-31 13522768 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13522768 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 13522768 core:LandBuildings 2023-04-01 2024-03-31 13522768 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 13522768 countries:EnglandWales 2023-04-01 2024-03-31 13522768 2022-08-01 2023-03-31 13522768 2023-03-31 13522768 bus:OrdinaryShareClass1 2023-03-31 13522768 core:CurrentFinancialInstruments 2023-03-31 13522768 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13522768

Argoe Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Argoe Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Argoe Ltd

Company Information

Director

R Adams

Company secretary

J Tippett

Registered office

C/o David Harland Ltd
Ground Floor
Unit 3 Southview House St Austell Enterprise Park
St Austell
Cornwall
PL25 4EJ

Accountants

Harland Accountants
Ground Floor, Unit 3 Southview House
St Austell Enterprise Park
Carclaze Down
St Austell
Cornwall
PL25 4EJ

 

Argoe Ltd

(Registration number: 13522768)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

76,511

-

Current assets

 

Stocks

5,000

-

Debtors

4,310

-

Cash at bank and in hand

 

15,692

100

 

25,002

100

Creditors: Amounts falling due within one year

(101,541)

-

Net current (liabilities)/assets

 

(76,539)

100

Total assets less current liabilities

 

(28)

100

Provisions for liabilities

(763)

-

Net (liabilities)/assets

 

(791)

100

Capital and reserves

 

Called up share capital

5

100

100

Retained earnings

(891)

-

Shareholders' (deficit)/funds

 

(791)

100

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 his 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.

 

Argoe Ltd

(Registration number: 13522768)
Balance Sheet as at 31 March 2024

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 24 July 2024
 

.........................................
R Adams
Director

 

Argoe Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

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:
C/o David Harland Ltd
Ground Floor
Unit 3 Southview House St Austell Enterprise Park
St Austell
Cornwall
PL25 4EJ
United Kingdom

These financial statements were authorised for issue by the director on 24 July 2024.

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.

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.

 

Argoe Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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:

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.

 

Argoe Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

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.

Defined benefit pension obligation

Typically defined benefit plans define an amount of pension benefit that an employee will receive on retirement, usually dependent on one or more factors such as age, years of service and compensation.

The liability recognised in the balance sheet in respect of defined benefit pension plans is the present value of the defined benefit obligation at the reporting date minus the fair value of plan assets. The defined benefit obligation is measured using the projected unit credit method. The present value of the defined benefit obligation is determined by discounting the estimated future payments by reference to market yields at the reporting date on high-quality corporate bonds that are denominated in the currency in which the benefits will be paid, and that have terms to maturity approximating to the terms of the related pension liability.

Actuarial gains and losses are charged or credited to other comprehensive income in the period in which they arise.

 

Argoe Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 14 (2023 - 0).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

Additions

55,095

10,488

26,641

92,224

At 31 March 2024

55,095

10,488

26,641

92,224

Depreciation

Charge for the year

7,871

2,514

5,328

15,713

At 31 March 2024

7,871

2,514

5,328

15,713

Carrying amount

At 31 March 2024

47,224

7,974

21,313

76,511

Included within the net book value of land and buildings above is £47,224 (2023 - £Nil) in respect of short leasehold land and buildings.
 

5

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100