Acorah Software Products - Accounts Production 14.6.300 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 05661189 Mr K Sadiku Mr A Nela Mrs E Nela true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05661189 2022-12-31 05661189 2023-12-31 05661189 2023-01-01 2023-12-31 05661189 frs-core:CurrentFinancialInstruments 2023-12-31 05661189 frs-core:Non-currentFinancialInstruments 2023-12-31 05661189 frs-core:ComputerEquipment 2023-12-31 05661189 frs-core:ComputerEquipment 2023-01-01 2023-12-31 05661189 frs-core:ComputerEquipment 2022-12-31 05661189 frs-core:FurnitureFittings 2023-12-31 05661189 frs-core:FurnitureFittings 2023-01-01 2023-12-31 05661189 frs-core:FurnitureFittings 2022-12-31 05661189 frs-core:MotorVehicles 2023-12-31 05661189 frs-core:MotorVehicles 2023-01-01 2023-12-31 05661189 frs-core:MotorVehicles 2022-12-31 05661189 frs-core:ShareCapital 2023-12-31 05661189 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 05661189 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05661189 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 05661189 frs-bus:SmallEntities 2023-01-01 2023-12-31 05661189 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05661189 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 05661189 1 2023-01-01 2023-12-31 05661189 frs-bus:Director1 2023-01-01 2023-12-31 05661189 frs-bus:Director2 2023-01-01 2023-12-31 05661189 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 05661189 frs-countries:EnglandWales 2023-01-01 2023-12-31 05661189 2021-12-31 05661189 2022-12-31 05661189 2022-01-01 2022-12-31 05661189 frs-core:CurrentFinancialInstruments 2022-12-31 05661189 frs-core:Non-currentFinancialInstruments 2022-12-31 05661189 frs-core:ShareCapital 2022-12-31 05661189 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 05661189
ARBEN BUILDING CONTRACTORS LIMITED
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05661189
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 41,033 54,627
41,033 54,627
CURRENT ASSETS
Debtors 5 4,539 40,315
Cash at bank and in hand 177,956 263,388
182,495 303,703
Creditors: Amounts Falling Due Within One Year 6 (59,002 ) (147,327 )
NET CURRENT ASSETS (LIABILITIES) 123,493 156,376
TOTAL ASSETS LESS CURRENT LIABILITIES 164,526 211,003
Creditors: Amounts Falling Due After More Than One Year 7 (31,997 ) (45,236 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (3,884 ) (6,876 )
NET ASSETS 128,645 158,891
CAPITAL AND RESERVES
Called up share capital 9 200 200
Profit and Loss Account 128,445 158,691
SHAREHOLDERS' FUNDS 128,645 158,891
Page 1
Page 2
For the year ending 31 December 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr A Nela
Director
06/09/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
ARBEN BUILDING CONTRACTORS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 05661189 . The registered office is 1 Graham Gardens, Surbiton, KT6 6LT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 20% on reducing balance
Computer Equipment 25% on cost
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.5. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2022: 7)
7 7
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 99,774 2,594 13,859 116,227
Additions - 558 758 1,316
Disposals (21,087 ) (825 ) - (21,912 )
As at 31 December 2023 78,687 2,327 14,617 95,631
Depreciation
As at 1 January 2023 47,874 1,946 11,780 61,600
Provided during the period 12,487 164 198 12,849
Disposals (19,087 ) (764 ) - (19,851 )
As at 31 December 2023 41,274 1,346 11,978 54,598
Net Book Value
As at 31 December 2023 37,413 981 2,639 41,033
As at 1 January 2023 51,900 648 2,079 54,627
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 400 35,381
Other debtors 4,139 4,934
4,539 40,315
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 3,239 3,006
Trade creditors 8,400 20,280
Bank loans and overdrafts 9,998 9,999
Other creditors 18,286 57,740
Taxation and social security 19,079 56,302
59,002 147,327
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Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 16,995 20,234
Bank loans 15,002 25,002
31,997 45,236
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2023 2022
£ £
Other timing differences 3,884 6,876
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 200 200
10. Related Party Transactions
During the year a total of £48,000 ( 2022: £40,000) dividends were paid to directors.
A further £12,000 ( 2022: £15,000) dividends were paid to other shareholders.
At the year end the directors were owed £10,634 (2022: £9,019) by the company. The loans are interest free and carry no fixed term of repayment.
11. Ultimate Controlling Party
The controlling party is A Nela and K Sadiku.
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