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Company No: 14269613 (England and Wales)

ARC COLIV LTD

Unaudited Financial Statements
For the financial period from 02 August 2022 to 31 July 2023
Pages for filing with the registrar

ARC COLIV LTD

Unaudited Financial Statements

For the financial period from 02 August 2022 to 31 July 2023

Contents

ARC COLIV LTD

COMPANY INFORMATION

For the financial period from 02 August 2022 to 31 July 2023
ARC COLIV LTD

COMPANY INFORMATION (continued)

For the financial period from 02 August 2022 to 31 July 2023
DIRECTOR Hannah Louise Philp
REGISTERED OFFICE 1 Poultry C/O Praxis
London
EC2R 8EJ
England
United Kingdom
COMPANY NUMBER 14269613 (England and Wales)
CHARTERED ACCOUNTANTS Praxis
1 Poultry
London
EC2R 8EJ
United Kingdom
ARC COLIV LTD

BALANCE SHEET

As at 31 July 2023
ARC COLIV LTD

BALANCE SHEET (continued)

As at 31 July 2023
Note 31.07.2023
£
Fixed assets
Tangible assets 3 24,269
24,269
Current assets
Debtors 4 89,974
Cash at bank and in hand 14,098
104,072
Creditors: amounts falling due within one year 5 ( 102,945)
Net current assets 1,127
Total assets less current liabilities 25,396
Net assets 25,396
Capital and reserves
Called-up share capital 6 1
Profit and loss account 25,395
Total shareholder's funds 25,396

For the financial period ending 31 July 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 financial statements of Arc Coliv Ltd (registered number: 14269613) were approved and authorised for issue by the Director on 26 July 2024. They were signed on its behalf by:

Hannah Louise Philp
Director
ARC COLIV LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 02 August 2022 to 31 July 2023
ARC COLIV LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 02 August 2022 to 31 July 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Arc Coliv Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1 Poultry C/O Praxis, London, EC2R 8EJ, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial period. Differences between contributions payable in the financial period and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

Period from
02.08.2022 to
31.07.2023
Number
Monthly average number of persons employed by the Company during the period, including the director 3

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 02 August 2022 0 0
Additions 30,904 30,904
At 31 July 2023 30,904 30,904
Accumulated depreciation
At 02 August 2022 0 0
Charge for the financial period 6,635 6,635
At 31 July 2023 6,635 6,635
Net book value
At 31 July 2023 24,269 24,269

4. Debtors

31.07.2023
£
Trade debtors 24,960
Amounts owed by Group undertakings 65,014
89,974

Amounts owed by Group undertakings are repayable on demand and do not bear interest.

5. Creditors: amounts falling due within one year

31.07.2023
£
Trade creditors 1,910
Amounts owed to Group undertakings 51,017
Other taxation and social security 18,894
Other creditors 31,124
102,945

There are no amounts included above in respect of which any security has been given by the small entity.

Amounts owed to Group undertakings are repayable on demand and do not bear interest.

6. Called-up share capital

31.07.2023
£
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1

7. Financial commitments

Pensions

The Company operates a defined contribution pension scheme for the director and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

31.07.2023
£
Unpaid contributions due to the fund (inc. in other creditors) 661

8. Events after the Balance Sheet date

There have been no events after the balance sheet date affecting the Company since the financial period.