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REGISTERED NUMBER: 10484012 (England and Wales)
















ARC Energy Reduction Group Limited

Unaudited Financial Statements

for the Year Ended 30th November 2023






ARC Energy Reduction Group Limited (Registered number: 10484012)






Contents of the Financial Statements
for the Year Ended 30th November 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ARC Energy Reduction Group Limited

Company Information
for the Year Ended 30th November 2023







Director: Mr. A C Bloore





Registered office: 4th Floor
100 Fenchurch Street
London
EC3M 5JD





Registered number: 10484012 (England and Wales)





Accountants: Wilson Stevens
Accountants
4th Floor
100 Fenchurch Street
London
EC3M 5JD

ARC Energy Reduction Group Limited (Registered number: 10484012)

Statement of Financial Position
30th November 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 1,128 1,193

Current assets
Stocks 30,964 14,615
Debtors 5 64,416 61,478
Cash at bank and in hand 72,229 64,595
167,609 140,688
Creditors
Amounts falling due within one year 6 177,838 176,939
Net current liabilities (10,229 ) (36,251 )
Total assets less current liabilities (9,101 ) (35,058 )

Creditors
Amounts falling due after more than one
year

7

24,027

35,545
Net liabilities (33,128 ) (70,603 )

Capital and reserves
Called up share capital 100 100
Retained earnings (33,228 ) (70,703 )
(33,128 ) (70,603 )

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

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

ARC Energy Reduction Group Limited (Registered number: 10484012)

Statement of Financial Position - continued
30th November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15th August 2024 and were signed by:





Mr. A C Bloore - Director


ARC Energy Reduction Group Limited (Registered number: 10484012)

Notes to the Financial Statements
for the Year Ended 30th November 2023

1. Statutory information

ARC Energy Reduction Group Limited is a private company, limited by shares , registered in England and Wales. 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.

At the balance sheet date the company's liabilities exceeded its assets and the company received assurance from the director, that they will continue to give financial support to the company for twelve months from the date of signing of these financial statements.

On this basis, the director considers it appropriate to prepare the financial statements on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis is used in preparing the company's financial statements may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide for any further liabilities which might arise. The financial statements do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


ARC Energy Reduction Group Limited (Registered number: 10484012)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2023

2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 1 ) .

4. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1st December 2022 2,699 555 3,254
Additions - 285 285
At 30th November 2023 2,699 840 3,539
Depreciation
At 1st December 2022 1,922 139 2,061
Charge for year 195 155 350
At 30th November 2023 2,117 294 2,411
Net book value
At 30th November 2023 582 546 1,128
At 30th November 2022 777 416 1,193

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 61,416 60,931
Other debtors 3,000 547
64,416 61,478

ARC Energy Reduction Group Limited (Registered number: 10484012)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2023

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 13,341 17,039
Trade creditors 70,400 40,131
Taxation and social security 30,445 30,638
Other creditors 63,652 89,131
177,838 176,939

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 24,027 35,545