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REGISTERED NUMBER: 03695148 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

ARDENT GROUP 365 LIMITED

ARDENT GROUP 365 LIMITED (REGISTERED NUMBER: 03695148)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ARDENT GROUP 365 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: J W Boyd
J Maxworthy





REGISTERED OFFICE: Unit 6 Herne Business Park
Herne Bay
Kent
CT6 7FE





REGISTERED NUMBER: 03695148 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
2 The Links
HERNE BAY
Kent
CT6 7GQ

ARDENT GROUP 365 LIMITED (REGISTERED NUMBER: 03695148)

ABRIDGED BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 206,910 190,536

CURRENT ASSETS
Stocks 2,000 7,000
Debtors 252,983 210,993
Cash at bank and in hand 139,913 177,893
394,896 395,886
CREDITORS
Amounts falling due within one year 146,599 164,489
NET CURRENT ASSETS 248,297 231,397
TOTAL ASSETS LESS CURRENT
LIABILITIES

455,207

421,933

CREDITORS
Amounts falling due after more than one
year

-

(15,500

)

PROVISIONS FOR LIABILITIES (3,464 ) (1,485 )
NET ASSETS 451,743 404,948

CAPITAL AND RESERVES
Called up share capital 7 4,500 4,500
Capital redemption reserve 600 600
Retained earnings 446,643 399,848
SHAREHOLDERS' FUNDS 451,743 404,948

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

ARDENT GROUP 365 LIMITED (REGISTERED NUMBER: 03695148)

ABRIDGED BALANCE SHEET - continued
31ST DECEMBER 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 21st August 2024 and were signed on its behalf by:




J W Boyd - Director



J Maxworthy - Director


ARDENT GROUP 365 LIMITED (REGISTERED NUMBER: 03695148)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

Ardent Group 365 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Freehold property - 2% straight line
Improvements to property - 2% straight line
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

ARDENT GROUP 365 LIMITED (REGISTERED NUMBER: 03695148)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

3. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The directors have a reasonable expectation that the company and the group have adequate resources to continue in operational existence for the foreseeable future. The assumption is based on the fact that the company has positive working capital, as well as access to bank borrowings if required in order to meet short term working capital requirements. Accordingly, they continue to adopt the going concern basis in preparing the annual accounts.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st January 2023 273,076
Additions 25,300
At 31st December 2023 298,376
DEPRECIATION
At 1st January 2023 82,540
Charge for year 8,926
At 31st December 2023 91,466
NET BOOK VALUE
At 31st December 2023 206,910
At 31st December 2022 190,536

6. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans - 21,500

Lloyds Bank Plc holds a charge over the commercial property and a fixed and floating charge over all assets of the company.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:



Number:

Class:
Nominal
value:

2021


2020
£ £
4,400 Ordinary £1 4,400 4,400
25 Ordinary A £1 25 25
25 Ordinary B £1 25 25
25 Ordinary C £1 25 25
25 Ordinary D £1 25 25
4,500 4,500