Registered number
09843752
Arranmore Imaging Ltd
Filleted Accounts
31 October 2023
Gatley Read
Chartered Accountants
18/19 Salmon Fields Business Village
Royton
Oldham
OL2 6HT
Arranmore Imaging Ltd
Registered number: 09843752
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 57,134 59,624
Current assets
Debtors 4 11,179 8,046
Investments held as current assets 5 160,000 160,000
Cash at bank and in hand 30,545 10,910
201,724 178,956
Creditors: amounts falling due within one year 6 (16,335) (32,771)
Net current assets 185,389 146,185
Net assets 242,523 205,809
Capital and reserves
Called up share capital 100 100
Profit and loss account 242,423 205,709
Shareholder's funds 242,523 205,809
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G Potter
Director
Approved by the board on 29 July 2024
Arranmore Imaging Ltd
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer and other equipment 20.0% straight line basis
Motor vehicles 12.5% reducing balance basis
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Computer and other equipment Motor vehicles Total
£ £ £
Cost
At 1 November 2022 14,278 58,190 72,468
Additions 7,565 - 7,565
At 31 October 2023 21,843 58,190 80,033
Depreciation
At 1 November 2022 5,570 7,274 12,844
Charge for the year 3,690 6,365 10,055
At 31 October 2023 9,260 13,639 22,899
Net book value
At 31 October 2023 12,583 44,551 57,134
At 31 October 2022 8,708 50,916 59,624
4 Debtors 2023 2022
£ £
Trade debtors 8,046 8,046
Other debtors 3,133 -
11,179 8,046
5 Investments held as current assets 2023 2022
£ £
Fair value
Unlisted investments 160,000 160,000
6 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 10,137 1,098
Other creditors 6,198 31,673
16,335 32,771
7 Other information
Arranmore Imaging Ltd is a private company limited by shares and incorporated in England. Its registered office is:
18/19 Salmon Fields
Business Village
Royton
Oldham
OL2 6HT
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