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REGISTERED NUMBER: SC275376 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Ark Architecture + Design Ltd.

Ark Architecture + Design Ltd. (Registered number: SC275376)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ark Architecture + Design Ltd.

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Mr T Walker





REGISTERED OFFICE: 14 Royal Terrace
Glasgow
G3 7NY





REGISTERED NUMBER: SC275376 (Scotland)





ACCOUNTANTS: Greg Hannah Ltd
Chartered Accountants
26 Victoria Street
Rutherglen
Glasgow
G73 1DS

Ark Architecture + Design Ltd. (Registered number: SC275376)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 8,059 7,272
8,059 7,272

CURRENT ASSETS
Stocks 134,649 71,101
Debtors 7 64,013 52,124
Cash at bank 200,068 283,967
398,730 407,192
CREDITORS
Amounts falling due within one year 8 146,857 211,646
NET CURRENT ASSETS 251,873 195,546
TOTAL ASSETS LESS CURRENT
LIABILITIES

259,932

202,818

PROVISIONS FOR LIABILITIES 2,015 1,381
NET ASSETS 257,917 201,437

CAPITAL AND RESERVES
Called up share capital 50 50
Capital redemption reserve 50 50
Retained earnings 257,817 201,337
257,917 201,437

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

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

Ark Architecture + Design Ltd. (Registered number: SC275376)

Balance Sheet - continued
30 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 Income Statement has not been delivered.

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





Mr T Walker - Director


Ark Architecture + Design Ltd. (Registered number: SC275376)

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

1. STATUTORY INFORMATION

Ark Architecture + Design 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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. There were no significant departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 and represents amounts receivable for architectural services rendered, stated net of discounts and of Value Added Tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1999, 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.
Land and buildings - 6% on cost
Plant and machinery etc - 33% on reducing balance and 20% on reducing balance

Work in progress
Work in progress is valued at the lower of cost and new realisable value.

Taxation
Taxation for the year 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.


Ark Architecture + Design Ltd. (Registered number: SC275376)

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

3. ACCOUNTING POLICIES - continued
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 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.

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.

Going concern
The director believes that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 6 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 100,000
AMORTISATION
At 1 December 2022
and 30 November 2023 100,000
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

Ark Architecture + Design Ltd. (Registered number: SC275376)

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

6. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2022 6,253 22,921 29,174
Additions - 3,610 3,610
At 30 November 2023 6,253 26,531 32,784
DEPRECIATION
At 1 December 2022 6,253 15,649 21,902
Charge for year - 2,823 2,823
At 30 November 2023 6,253 18,472 24,725
NET BOOK VALUE
At 30 November 2023 - 8,059 8,059
At 30 November 2022 - 7,272 7,272

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 59,345 48,731
Other debtors 4,668 3,393
64,013 52,124

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 11,278 2,770
Taxation and social security 71,895 88,884
Other creditors 63,684 119,992
146,857 211,646

9. RELATED PARTY DISCLOSURES

At the 30th November 2023, the company owed Mr T Walker (Director) £59 (2022: £236). No fixed repayment terms apply or interest applied to amounts due repaid to the director.