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REGISTERED NUMBER: 04659992 (England and Wales)















Unaudited Financial Statements for the Year Ended 29th February 2024

for

THE ARK (CM) LIMITED

THE ARK (CM) LIMITED (REGISTERED NUMBER: 04659992)

Contents of the Financial Statements
for the Year Ended 29th February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 10

THE ARK (CM) LIMITED

Company Information
for the Year Ended 29th February 2024







DIRECTORS: Mr S Mclaven
Mr M Jaggard
Mr J L Bill





SECRETARY: Mrs J C Mclaven





REGISTERED OFFICE: Unit 1
The Old Barn
Wicklesham Lodge Farm
Faringdon
Oxfordshire
SN7 7PN





REGISTERED NUMBER: 04659992 (England and Wales)





ACCOUNTANTS: Hayward Wright Ltd
4 Clews Road
Redditch
Worcestershire
B98 7ST

THE ARK (CM) LIMITED (REGISTERED NUMBER: 04659992)

Balance Sheet
29th February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 115,902 141,324
Investments 6 14,002 14,002
129,904 155,326

CURRENT ASSETS
Debtors 7 442,897 543,592
Cash at bank 29,101 43
471,998 543,635
CREDITORS
Amounts falling due within one year 8 386,462 464,120
NET CURRENT ASSETS 85,536 79,515
TOTAL ASSETS LESS CURRENT LIABILITIES 215,440 234,841

CREDITORS
Amounts falling due after more than one
year

9

(96,491

)

(114,837

)

PROVISIONS FOR LIABILITIES 11 (21,881 ) (26,680 )
NET ASSETS 97,068 93,324

CAPITAL AND RESERVES
Called up share capital 12 212 212
Share premium 22,893 22,893
Retained earnings 73,963 70,219
SHAREHOLDERS' FUNDS 97,068 93,324

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2024 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.

THE ARK (CM) LIMITED (REGISTERED NUMBER: 04659992)

Balance Sheet - continued
29th February 2024


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 Board of Directors and authorised for issue on 4th September 2024 and were signed on its behalf by:





Mr M Jaggard - Director


THE ARK (CM) LIMITED (REGISTERED NUMBER: 04659992)

Notes to the Financial Statements
for the Year Ended 29th February 2024


1. STATUTORY INFORMATION

The Ark (cm) 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.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 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 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 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.

THE ARK (CM) LIMITED (REGISTERED NUMBER: 04659992)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1st March 2023
and 29th February 2024 80,000
AMORTISATION
At 1st March 2023
and 29th February 2024 80,000
NET BOOK VALUE
At 29th February 2024 -
At 28th February 2023 -

THE ARK (CM) LIMITED (REGISTERED NUMBER: 04659992)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024


5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st March 2023 35,635 148,480 55,594 239,709
Additions - - 4,955 4,955
At 29th February 2024 35,635 148,480 60,549 244,664
DEPRECIATION
At 1st March 2023 34,423 13,661 50,301 98,385
Charge for year 303 27,362 2,712 30,377
At 29th February 2024 34,726 41,023 53,013 128,762
NET BOOK VALUE
At 29th February 2024 909 107,457 7,536 115,902
At 28th February 2023 1,212 134,819 5,293 141,324

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st March 2023
and 29th February 2024 148,480
DEPRECIATION
At 1st March 2023 13,661
Charge for year 27,362
At 29th February 2024 41,023
NET BOOK VALUE
At 29th February 2024 107,457
At 28th February 2023 134,819

THE ARK (CM) LIMITED (REGISTERED NUMBER: 04659992)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024


6. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1st March 2023
and 29th February 2024 14,002
NET BOOK VALUE
At 29th February 2024 14,002
At 28th February 2023 14,002

The company's investments at the Balance Sheet date in the share capital of companies include the following:

My Sk-in Limited
Registered office: Unit 1 The Old Barn, Wicklesham Lodge Farm, Farringdon, Oxfordshire, England, SN7 7PN
Nature of business: Sale of skin care products
%
Class of shares: holding
Ordinary 100.00
31/3/24 31/3/23
£    £   
Aggregate capital and reserves (29,467 ) (29,467 )

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 379,669 428,012
Amounts owed by group undertakings 28,730 28,730
Prepayments 27,658 67,701
436,057 524,443

Amounts falling due after more than one year:
Tax 6,840 19,149

Aggregate amounts 442,897 543,592

THE ARK (CM) LIMITED (REGISTERED NUMBER: 04659992)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 10) - 16,821
Other loans (see note 10) 23,155 33,046
Hire purchase contracts 18,346 18,346
Trade creditors 18,861 112,864
Tax 36,162 -
Social security and other taxes 67 3
VAT 60,855 41,820
Directors' current accounts 1,223 19,551
Accrued expenses 227,793 221,669
386,462 464,120

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 96,491 114,837

10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 16,821
Other loans 23,155 33,046
23,155 49,867

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 21,881 26,680

Deferred
tax
£   
Balance at 1st March 2023 26,680
Provided during year (4,799 )
Balance at 29th February 2024 21,881

THE ARK (CM) LIMITED (REGISTERED NUMBER: 04659992)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024


12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,000 Ordinary A £0.01 100 100
10,000 Ordinary B £0.01 100 100
1,177 Ordinary C £0.01 12 12
212 212

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
The Ark (cm) Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Ark (cm) Limited for the year ended 29th February 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of The Ark (cm) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Ark (cm) Limited and state those matters that we have agreed to state to the Board of Directors of The Ark (cm) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Ark (cm) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Ark (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 profit of The Ark (cm) Limited. You consider that The Ark (cm) 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 financial statements of The Ark (cm) 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 financial statements.






Hayward Wright Ltd
4 Clews Road
Redditch
Worcestershire
B98 7ST


4th September 2024