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REGISTERED NUMBER: SC698410 (Scotland)














Unaudited Financial Statements

for the Period 1 August 2022 to 30 October 2023

for

AR First Ltd

AR First Ltd (Registered number: SC698410)






Contents of the Financial Statements
for the Period 1 August 2022 to 30 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AR First Ltd

Company Information
for the Period 1 August 2022 to 30 October 2023







DIRECTOR: R Rawashdeh





REGISTERED OFFICE: 7 High Street
Dunbar
EH42 1EN





REGISTERED NUMBER: SC698410 (Scotland)





ACCOUNTANTS: Dental Accountants Scotland Ltd
Specialist Dental Accountants & Advisors
Cornerstone House
Station Road
Selkirk
Borders
TD7 5DJ

AR First Ltd (Registered number: SC698410)

Balance Sheet
30 October 2023

30.10.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 346,125 370,500
Tangible assets 5 92,727 98,636
438,852 469,136

CURRENT ASSETS
Debtors 6 49,083 18,755
Cash at bank and in hand 122,207 146,225
171,290 164,980
CREDITORS
Amounts falling due within one year 7 71,043 108,199
NET CURRENT ASSETS 100,247 56,781
TOTAL ASSETS LESS CURRENT
LIABILITIES

539,099

525,917

CREDITORS
Amounts falling due after more than one
year

8

390,214

387,817
NET ASSETS 148,885 138,100

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 148,785 138,000
148,885 138,100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 October 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 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.

AR First Ltd (Registered number: SC698410)

Balance Sheet - continued
30 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 26 July 2024 and were signed by:





R Rawashdeh - Director


AR First Ltd (Registered number: SC698410)

Notes to the Financial Statements
for the Period 1 August 2022 to 30 October 2023

1. STATUTORY INFORMATION

AR First Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of twenty 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.

Taxation
Taxation for the period 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 period 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.

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.

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.

AR First Ltd (Registered number: SC698410)

Notes to the Financial Statements - continued
for the Period 1 August 2022 to 30 October 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 30 October 2023 390,000
AMORTISATION
At 1 August 2022 19,500
Amortisation for period 24,375
At 30 October 2023 43,875
NET BOOK VALUE
At 30 October 2023 346,125
At 31 July 2022 370,500

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 August 2022
and 30 October 2023 75,000 26,250 101,250
DEPRECIATION
At 1 August 2022 - 2,614 2,614
Charge for period - 5,909 5,909
At 30 October 2023 - 8,523 8,523
NET BOOK VALUE
At 30 October 2023 75,000 17,727 92,727
At 31 July 2022 75,000 23,636 98,636

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.10.23 31.7.22
£    £   
Trade debtors 6,665 18,755
Amounts owed by group undertakings 42,418 -
49,083 18,755

AR First Ltd (Registered number: SC698410)

Notes to the Financial Statements - continued
for the Period 1 August 2022 to 30 October 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.10.23 31.7.22
£    £   
Bank loans and overdrafts 17,425 42,960
Trade creditors 1,487 3,461
Taxation and social security 51,092 57,823
Other creditors 1,039 3,955
71,043 108,199

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.10.23 31.7.22
£    £   
Bank loans 390,214 387,817

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 320,513 215,977