Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31falsetrueSelling and hiring of plant2023-06-0122trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01595475 2023-06-01 2024-05-31 01595475 2022-06-01 2023-05-31 01595475 2024-05-31 01595475 2023-05-31 01595475 2022-06-01 01595475 c:Director1 2023-06-01 2024-05-31 01595475 d:Buildings 2023-06-01 2024-05-31 01595475 d:Buildings 2024-05-31 01595475 d:Buildings 2023-05-31 01595475 d:Buildings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 01595475 d:PlantMachinery 2023-06-01 2024-05-31 01595475 d:PlantMachinery 2024-05-31 01595475 d:PlantMachinery 2023-05-31 01595475 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 01595475 d:MotorVehicles 2023-06-01 2024-05-31 01595475 d:MotorVehicles 2024-05-31 01595475 d:MotorVehicles 2023-05-31 01595475 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 01595475 d:FurnitureFittings 2023-06-01 2024-05-31 01595475 d:FurnitureFittings 2024-05-31 01595475 d:FurnitureFittings 2023-05-31 01595475 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 01595475 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 01595475 d:CurrentFinancialInstruments 2024-05-31 01595475 d:CurrentFinancialInstruments 2023-05-31 01595475 d:Non-currentFinancialInstruments 2024-05-31 01595475 d:Non-currentFinancialInstruments 2023-05-31 01595475 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 01595475 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 01595475 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 01595475 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 01595475 d:ShareCapital 2024-05-31 01595475 d:ShareCapital 2023-05-31 01595475 d:RetainedEarningsAccumulatedLosses 2023-06-01 2024-05-31 01595475 d:RetainedEarningsAccumulatedLosses 2024-05-31 01595475 d:RetainedEarningsAccumulatedLosses 2023-05-31 01595475 c:FRS102 2023-06-01 2024-05-31 01595475 c:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 01595475 c:FullAccounts 2023-06-01 2024-05-31 01595475 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 01595475 d:AcceleratedTaxDepreciationDeferredTax 2024-05-31 01595475 d:AcceleratedTaxDepreciationDeferredTax 2023-05-31 01595475 d:TaxLossesCarry-forwardsDeferredTax 2024-05-31 01595475 d:TaxLossesCarry-forwardsDeferredTax 2023-05-31 01595475 d:RetirementBenefitObligationsDeferredTax 2024-05-31 01595475 d:RetirementBenefitObligationsDeferredTax 2023-05-31 01595475 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-05-31 01595475 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-05-31 01595475 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 01595475










CONARKEN GROUP LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

 
CONARKEN GROUP LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CONARKEN GROUP LIMITED
FOR THE YEAR ENDED 31 MAY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Conarken Group Limited for the year ended 31 May 2024 which comprise  the 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 at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Conarken Group Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Conarken Group Limited and state those matters that we have agreed to state to the Board of Directors of Conarken Group Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Conarken Group Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Conarken Group 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 Conarken Group Limited. You consider that Conarken Group Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Conarken Group 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.

  



Shorts
 
Chartered Accountants
  
2 Ashgate Road
Chesterfield
Derbyshire
S40 4AA
27 August 2024
Page 1

 
CONARKEN GROUP LIMITED
REGISTERED NUMBER: 01595475

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
803,579
811,471

Current assets
  

Stocks
  
212,700
221,099

Debtors: amounts falling due within one year
 5 
10,242
3,784

  
222,942
224,883

Creditors: amounts falling due within one year
 7 
(149,225)
(106,877)

Net current assets
  
 
 
73,717
 
 
118,006

Creditors: amounts falling due after more than one year
 8 
(33,948)
(62,168)

Provisions for liabilities
  

Deferred tax
 9 
(92,134)
(93,200)

Net assets
  
751,214
774,109


Capital and reserves
  

Called up share capital 
  
100,000
100,000

Profit and loss account
 10 
651,214
674,109

  
751,214
774,109


Page 2

 
CONARKEN GROUP LIMITED
REGISTERED NUMBER: 01595475
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 August 2024.




D H Griffiths
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
CONARKEN GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Conarken Group Limited is a private Company limited by shares, incorporated in England and Wales (Registered number: 01595475). Its registered office is 76 Chartwell Avenue, Wingerworth, Chesterfield, Derbyshire, S42 6SP. The principal activity of the Company throughout the year continued to be that of the selling and hiring of plant.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 4

 
CONARKEN GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The depreciation rates used are:

Freehold property
-
2%
straight line
Plant and machinery
-
20%
straight line
Motor vehicles
-
25%
straight line
Fixtures and fittings
-
20%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings. 

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first outbasis. Work in progress and finished goods include labour and attributable overheads.
At each Balance Sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of Income and Retained Earnings.

Page 5

 
CONARKEN GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.6

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 6

 
CONARKEN GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost


At 1 June 2023
760,268
77,105
32,753
25,845
895,971


Additions
1,630
8,900
-
1,942
12,472


Disposals
-
-
-
(89)
(89)



At 31 May 2024

761,898
86,005
32,753
27,698
908,354



Depreciation


At 1 June 2023
8,326
57,099
2,671
16,404
84,500


Charge for the year on owned assets
7,773
9,085
598
2,908
20,364


Disposals
-
-
-
(89)
(89)



At 31 May 2024

16,099
66,184
3,269
19,223
104,775



Net book value



At 31 May 2024
745,799
19,821
29,484
8,475
803,579



At 31 May 2023
751,942
20,006
30,082
9,441
811,471

As at 31st May 2024, there is an outstanding fixed and floating charge on all of the above assets as well as any future assets procured untill the charge is satisfied. 

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
27,485
28,083

Page 7

 
CONARKEN GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
8,080
1,358

Prepayments
2,162
2,426

10,242
3,784



6.


Cash and cash equivalents

2024
2023
£
£

Less: bank overdrafts
(36,485)
(32,897)

(36,485)
(32,897)



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
36,485
32,897

Bank loan
23,148
23,148

Trade creditors
20,548
10,245

Other taxation and social security
11,761
1,441

Hire purchase contracts
5,913
5,913

Other creditors
23,355
18,673

Accruals
28,015
14,560

149,225
106,877



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loan
28,035
50,340

Hire purchase contracts
5,913
11,828

33,948
62,168


Page 8

 
CONARKEN GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

9.


Deferred taxation




2024
2023


£

£






At beginning of year
93,200
98,135


Charged to Statement of Income and Retained Earnings
(1,066)
(4,935)



At end of year
92,134
93,200

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Fixed asset timing differences
11,120
11,132

Tax losses carried forward
(16,635)
(17,015)

Gain on revaluation of freehold property
97,649
99,083

92,134
93,200


10.


Reserves

Profit and loss account

Included in the profit and loss account reserve at 31 May 2024 is a non distributable amount of £528,930 (2023: £535,046). 

 
Page 9