BrightAccountsProduction v1.0.0 v1.0.0 2022-09-01 The company was not dormant during the period The company was trading for the entire period The principal activity of the company is that of an architectural practice. 15 August 2024 5 4 NI619715 2023-08-31 NI619715 2022-08-31 NI619715 2021-08-31 NI619715 2022-09-01 2023-08-31 NI619715 2021-09-01 2022-08-31 NI619715 uk-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 NI619715 uk-curr:PoundSterling 2022-09-01 2023-08-31 NI619715 uk-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 NI619715 uk-bus:FullAccounts 2022-09-01 2023-08-31 NI619715 uk-bus:Director1 2022-09-01 2023-08-31 NI619715 uk-bus:Director2 2022-09-01 2023-08-31 NI619715 uk-bus:RegisteredOffice 2022-09-01 2023-08-31 NI619715 uk-bus:Agent1 2022-09-01 2023-08-31 NI619715 uk-bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 NI619715 uk-core:ShareCapital 2023-08-31 NI619715 uk-core:ShareCapital 2022-08-31 NI619715 uk-core:RetainedEarningsAccumulatedLosses 2023-08-31 NI619715 uk-core:RetainedEarningsAccumulatedLosses 2022-08-31 NI619715 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-08-31 NI619715 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-08-31 NI619715 uk-bus:FRS102 2022-09-01 2023-08-31 NI619715 uk-core:FurnitureFittingsToolsEquipment 2022-09-01 2023-08-31 NI619715 uk-core:WithinOneYear 2023-08-31 NI619715 uk-core:WithinOneYear 2022-08-31 NI619715 uk-core:WithinOneYear 2023-08-31 NI619715 uk-core:WithinOneYear 2022-08-31 NI619715 uk-core:AfterOneYear 2023-08-31 NI619715 uk-core:AfterOneYear 2022-08-31 NI619715 uk-core:BetweenOneTwoYears 2023-08-31 NI619715 uk-core:BetweenOneTwoYears 2022-08-31 NI619715 uk-core:BetweenTwoFiveYears 2023-08-31 NI619715 uk-core:BetweenTwoFiveYears 2022-08-31 NI619715 2022-09-01 2023-08-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI619715
 
 
ARD CM Limited
 
Unaudited Financial Statements
 
for the financial year ended 31 August 2023
ARD CM Limited
DIRECTORS AND OTHER INFORMATION

 
Directors Ciaran Mackel
Breandan Mackel
 
 
Company Registration Number NI619715
 
 
Registered Office 107 Scotch Street
Downpatrick
Down
BT30 6AN
 
 
Accountants Quarter
Chartered Accountants
St Anne's House
15 Church Street
Cathedral Quarter
Belfast
BT1 1PG



ARD CM Limited

CHARTERED ACCOUNTANTS' REPORT
to the Board of Directors on the Compilation of the unaudited financial statements of ARD CM Limited
for the financial year ended 31 August 2023
 
In accordance with our engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled for your approval the financial statements of the company for the financial year ended 31 August 2023 as set out on pages  to 11 which comprise the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.
 
This report is made solely to the Board of Directors of ARD CM Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company’s Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.
 
We have carried out this engagement in accordance with guidance issued by Chartered Accountants Ireland and have complied with the relevant ethical guidance laid down by Chartered Accountants Ireland relating to members undertaking the compilation of financial statements.
 
You have acknowledged on the Statement of Financial Position for the year ended 31 August 2023 your duty to ensure that ARD CM Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of ARD CM Limited. You consider that ARD CM Limited is exempt from the statutory audit requirement for the financial year.
 
We have not been instructed to carry out an audit or a review of the financial statements of ARD CM Limited. For this reason, we have not verified the adequacy, accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
 
 
 
__________________________________
QUARTER
Chartered Accountants
St Anne's House
15 Church Street
Cathedral Quarter
Belfast
BT1 1PG
 
15 August 2024



ARD CM Limited
Company Registration Number: NI619715
STATEMENT OF FINANCIAL POSITION
as at 31 August 2023

2023 2022
Notes £ £
 
Non-Current Assets
Property, plant and equipment 5 3,243 4,054
───────── ─────────
 
Current Assets
Inventories 6 27,000 12,000
Receivables 7 111,007 93,019
Cash and cash equivalents 16 903
───────── ─────────
138,023 105,922
───────── ─────────
Payables: amounts falling due within one year 8 (131,205) (85,183)
───────── ─────────
Net Current Assets 6,818 20,739
───────── ─────────
Total Assets less Current Liabilities 10,061 24,793
 
Payables:
amounts falling due after more than one year 9 (8,750) (11,500)
───────── ─────────
Net Assets 1,311 13,293
═════════ ═════════
 
Equity
Called up share capital 100 100
Retained earnings 1,211 13,193
───────── ─────────
Equity attributable to owners of the company 1,311 13,293
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Income Statement and Directors' Report.
           
For the financial year ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 15 August 2024 and signed on its behalf by
           
           
________________________________          
Ciaran Mackel          
Director          
           



ARD CM Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 August 2023

   
1. General Information
 
ARD CM Limited is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI619715. The registered office of the company is 107 Scotch Street, Downpatrick, Down, BT30 6AN. The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 August 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Revenue
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Property, plant and equipment and depreciation
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 20% Reducing Balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Inventories
Inventoriess are valued at the lower of cost and net realisable value. Inventoriess are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing inventories to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other receivables
Trade and other receivables 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.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Trade and other payables
Trade and other payables 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.
 
Employee benefits
The company operates a stakeholder  pension scheme for its employees.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Going concern
 
As at 31st August 2023, the company had net assets of £1,311. The company has fallen behind with its various tax payments and has a high level of work in progress considering the level of its turnover. The company is highly dependent on the ongoing support of the directors who have been financing the business without any remuneration. The directors are hopeful that new lines of income identified will improve the solvency of the company and hence these accounts have been prepared on a going concern basis.
       
4. Employees
 
The average monthly number of employees, including directors, during the financial year was 5, (2022 - 4).
 
  2023 2022
  Number Number
 
Employee 5 4
  ═════════ ═════════
       
5. Property, plant and equipment
  Fixtures, Total
  fittings and  
  equipment  
  £ £
Cost or Valuation
At 1 September 2022 6,225 6,225
  ───────── ─────────
 
At 31 August 2023 6,225 6,225
  ───────── ─────────
Depreciation
At 1 September 2022 2,171 2,171
Charge for the financial year 811 811
  ───────── ─────────
At 31 August 2023 2,982 2,982
  ───────── ─────────
Carrying amount
At 31 August 2023 3,243 3,243
  ═════════ ═════════
At 31 August 2022 4,054 4,054
  ═════════ ═════════
       
6. Inventories 2023 2022
  £ £
 
Work in progress 27,000 12,000
  ═════════ ═════════
 
The replacement cost of stock did not differ significantly from the figures shown.
       
7. Receivables 2023 2022
  £ £
 
Trade receivables 111,007 93,019
  ═════════ ═════════
       
8. Payables 2023 2022
Amounts falling due within one year £ £
 
Bank loan 3,000 3,000
Trade payables 8,877 3,445
Taxation  (Note 10) 58,948 39,496
Directors' current accounts 59,030 37,892
Accruals 1,350 1,350
  ───────── ─────────
  131,205 85,183
  ═════════ ═════════
       
9. Payables 2023 2022
Amounts falling due after more than one year £ £
 
Bank loan 8,750 11,500
  ═════════ ═════════
 
Loans
Repayable in one year or less, or on demand (Note 8) 3,000 3,000
Repayable between one and two years 3,000 3,000
Repayable between two and five years 5,750 8,500
  ───────── ─────────
  11,750 14,500
  ═════════ ═════════
 
       
10. Taxation 2023 2022
  £ £
 
Payables:
VAT 44,598 34,691
Corporation tax - 1,009
PAYE / NI 14,350 3,796
  ───────── ─────────
  58,948 39,496
  ═════════ ═════════
       
11. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 August 2023.
   
12. Events After the End of the Reporting Period
 
There have been no significant events affecting the company since the financial year-end.