Company Registration No. SC549552 (Scotland)
ARC EDINBURGH LIMITED
Unaudited accounts
for the year ended 30 November 2023
ARC EDINBURGH LIMITED
Unaudited accounts
Contents
ARC EDINBURGH LIMITED
Company Information
for the year ended 30 November 2023
Directors
Abdullah Iftekhar Chisty
Anthony Scott Lewis
Mohammed Rizvi
Company Number
SC549552 (Scotland)
Registered Office
20 STEWARTFIELD ROAD
BROXBURN
EH52 5EP
SCOTLAND
Accountants
Countax Accounting & Tax Services
1 Airyhall Trerrace
Aberdeen
Aberdeen city
AB15 7QN
ARC EDINBURGH LIMITED
Accountants' report
Accountants' report to the board of directors of ARC EDINBURGH LIMITED on the preparation of the unaudited statutory accounts for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
ARC EDINBURGH LIMITED for the year ended
30 November 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of ARC EDINBURGH LIMITED, as a body, in accordance with the terms of our engagement letter dated 1 March 2021. Our work has been undertaken solely to prepare for your approval the accounts of ARC EDINBURGH LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ARC EDINBURGH LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that ARC EDINBURGH LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of ARC EDINBURGH LIMITED. You consider that ARC EDINBURGH LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of ARC EDINBURGH LIMITED. For this reason, we have not verified the 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 accounts.
Countax Accounting & Tax Services
1 Airyhall Trerrace
Aberdeen
Aberdeen city
AB15 7QN
30 August 2024
ARC EDINBURGH LIMITED
Statement of financial position
as at 30 November 2023
Tangible assets
393,812
393,995
Cash at bank and in hand
5,161
1,895
Creditors: amounts falling due within one year
(80,872)
(79,497)
Net current liabilities
(65,241)
(71,662)
Total assets less current liabilities
328,571
322,333
Creditors: amounts falling due after more than one year
(296,127)
(297,612)
Called up share capital
3
3
Profit and loss account
32,441
24,718
Shareholders' funds
32,444
24,721
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by
Abdullah Iftekhar Chisty
Director
Company Registration No. SC549552
ARC EDINBURGH LIMITED
Notes to the Accounts
for the year ended 30 November 2023
ARC EDINBURGH LIMITED is a private company, limited by shares, registered in Scotland, registration number SC549552. The registered office is 20 STEWARTFIELD ROAD, BROXBURN, EH52 5EP, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No Depreciation
Fixtures & fittings
25% reducing balance
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 December 2022
393,265
2,447
395,712
At 30 November 2023
393,265
2,447
395,712
At 1 December 2022
-
1,717
1,717
Charge for the year
-
183
183
At 30 November 2023
-
1,900
1,900
At 30 November 2023
393,265
547
393,812
At 30 November 2022
393,265
730
393,995
Amounts falling due within one year
Other debtors
10,470
5,940
ARC EDINBURGH LIMITED
Notes to the Accounts
for the year ended 30 November 2023
6
Creditors: amounts falling due within one year
2023
2022
Other creditors
10,072
5,697
Loans from directors
69,380
72,380
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
296,127
297,612
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).