IRIS Accounts Production v24.1.9.2 07075487 Board of Directors Board of Directors 30.11.22 29.11.23 29.11.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh070754872022-11-29070754872023-11-29070754872022-11-302023-11-29070754872021-11-29070754872021-11-302022-11-29070754872022-11-2907075487ns15:EnglandWales2022-11-302023-11-2907075487ns14:PoundSterling2022-11-302023-11-2907075487ns10:Director12022-11-302023-11-2907075487ns10:Director22022-11-302023-11-2907075487ns10:PrivateLimitedCompanyLtd2022-11-302023-11-2907075487ns10:SmallEntities2022-11-302023-11-2907075487ns10:AuditExempt-NoAccountantsReport2022-11-302023-11-2907075487ns10:SmallCompaniesRegimeForDirectorsReport2022-11-302023-11-2907075487ns10:SmallCompaniesRegimeForAccounts2022-11-302023-11-2907075487ns10:FullAccounts2022-11-302023-11-2907075487ns10:RegisteredOffice2022-11-302023-11-2907075487ns5:CurrentFinancialInstruments2023-11-2907075487ns5:CurrentFinancialInstruments2022-11-2907075487ns5:Non-currentFinancialInstruments2023-11-2907075487ns5:Non-currentFinancialInstruments2022-11-2907075487ns5:ShareCapital2023-11-2907075487ns5:ShareCapital2022-11-2907075487ns5:RetainedEarningsAccumulatedLosses2023-11-2907075487ns5:RetainedEarningsAccumulatedLosses2022-11-2907075487ns5:FurnitureFittings2022-11-302023-11-2907075487ns5:MotorVehicles2022-11-302023-11-2907075487ns5:ComputerEquipment2022-11-302023-11-2907075487ns5:LandBuildings2022-11-2907075487ns5:FurnitureFittings2022-11-2907075487ns5:MotorVehicles2022-11-2907075487ns5:ComputerEquipment2022-11-2907075487ns5:LandBuildings2022-11-302023-11-2907075487ns5:LandBuildings2023-11-2907075487ns5:FurnitureFittings2023-11-2907075487ns5:MotorVehicles2023-11-2907075487ns5:ComputerEquipment2023-11-2907075487ns5:LandBuildings2022-11-2907075487ns5:FurnitureFittings2022-11-2907075487ns5:MotorVehicles2022-11-2907075487ns5:ComputerEquipment2022-11-2907075487ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-2907075487ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-29
REGISTERED NUMBER: 07075487 (England and Wales)














Financial Statements for the Year Ended 29 November 2023

for

Arbeit Project Limited

Arbeit Project Limited (Registered number: 07075487)






Contents of the Financial Statements
for the Year Ended 29 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Arbeit Project Limited

Company Information
for the Year Ended 29 November 2023







DIRECTORS: Miss H E Semsei
Mr N Vardi





REGISTERED OFFICE: 1 Trowbridge Road
London
England
E9 5EN





REGISTERED NUMBER: 07075487 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Arbeit Project Limited (Registered number: 07075487)

Balance Sheet
29 November 2023

29.11.23 29.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 212,774 220,693

CURRENT ASSETS
Debtors 5 163,091 175,228
Cash at bank and in hand 415,392 332,955
578,483 508,183
CREDITORS
Amounts falling due within one year 6 191,668 169,575
NET CURRENT ASSETS 386,815 338,608
TOTAL ASSETS LESS CURRENT LIABILITIES 599,589 559,301

CREDITORS
Amounts falling due after more than one
year

7

(287,025

)

(303,745

)

PROVISIONS FOR LIABILITIES (42,949 ) (44,454 )
NET ASSETS 269,615 211,102

CAPITAL AND RESERVES
Called up share capital 501 501
Retained earnings 269,114 210,601
269,615 211,102

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Arbeit Project Limited (Registered number: 07075487)

Balance Sheet - continued
29 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 Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:




Miss H E Semsei - Director



Mr N Vardi - Director


Arbeit Project Limited (Registered number: 07075487)

Notes to the Financial Statements
for the Year Ended 29 November 2023

1. STATUTORY INFORMATION

Arbeit Project 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.

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 each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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.

Government grants
Government grants represents income received in the form of the Small business grant fund (SBGF) and the retail, hospitality and leisure grant fund (RHLG) received from the Government during the COVID-19 pandemic.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

Arbeit Project Limited (Registered number: 07075487)

Notes to the Financial Statements - continued
for the Year Ended 29 November 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 30 November 2022
and 29 November 2023 171,037 95,670 1,000 11,829 279,536
DEPRECIATION
At 30 November 2022 - 50,720 578 7,545 58,843
Charge for year - 6,742 106 1,071 7,919
At 29 November 2023 - 57,462 684 8,616 66,762
NET BOOK VALUE
At 29 November 2023 171,037 38,208 316 3,213 212,774
At 29 November 2022 171,037 44,950 422 4,284 220,693

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.11.23 29.11.22
£    £   
Trade debtors 22,555 29,541
Amounts owed by associates 84,727 89,878
Other debtors 55,809 55,809
163,091 175,228

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.11.23 29.11.22
£    £   
Bank loans and overdrafts 15,460 15,460
Trade creditors 18,591 4,277
Taxation and social security 19,113 18,025
Other creditors 138,504 131,813
191,668 169,575

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.11.23 29.11.22
£    £   
Bank loans 107,025 123,745
Other creditors 180,000 180,000
287,025 303,745

Arbeit Project Limited (Registered number: 07075487)

Notes to the Financial Statements - continued
for the Year Ended 29 November 2023

8. RELATED PARTY DISCLOSURES

The directors Mr. N Vardi and Ms. H Semsei are considered to be key management personnel.