Arc Bauen Limited 10601321 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is development of building projects. Digita Accounts Production Advanced 6.30.9574.0 true 10601321 2023-01-01 2023-12-31 10601321 2023-12-31 10601321 core:CurrentFinancialInstruments 2023-12-31 10601321 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 10601321 core:OfficeEquipment 2023-12-31 10601321 bus:SmallEntities 2023-01-01 2023-12-31 10601321 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 10601321 bus:FullAccounts 2023-01-01 2023-12-31 10601321 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10601321 bus:RegisteredOffice 2023-01-01 2023-12-31 10601321 bus:Director1 2023-01-01 2023-12-31 10601321 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10601321 core:OfficeEquipment 2023-01-01 2023-12-31 10601321 countries:EnglandWales 2023-01-01 2023-12-31 10601321 2022-12-31 10601321 core:OfficeEquipment 2022-12-31 10601321 2022-01-01 2022-12-31 10601321 2022-12-31 10601321 core:CurrentFinancialInstruments 2022-12-31 10601321 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 10601321 core:OfficeEquipment 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 10601321

Arc Bauen Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Arc Bauen Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Arc Bauen Limited

(Registration number: 10601321)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

884

1,265

Current assets

 

Debtors

5

54,331

305,485

Cash at bank and in hand

 

132,100

73,257

 

186,431

378,742

Creditors: Amounts falling due within one year

6

(147,054)

(187,481)

Net current assets

 

39,377

191,261

Total assets less current liabilities

 

40,261

192,526

Provisions for liabilities

(221)

(240)

Net assets

 

40,040

192,286

Capital and reserves

 

Called up share capital

40

40

Share premium reserve

-

152,246

Retained earnings

40,000

40,000

Shareholders' funds

 

40,040

192,286

 

Arc Bauen Limited

(Registration number: 10601321)
Balance Sheet as at 31 December 2023

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 September 2024 and signed on its behalf by:
 

.........................................
C S Davidson
Director

 

Arc Bauen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
63 Macrae Road
Pill
England
BS20 0DD

These financial statements were authorised for issue by the Board on 18 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Arc Bauen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

20% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Arc Bauen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 3).

 

Arc Bauen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 January 2023

4,534

4,534

At 31 December 2023

4,534

4,534

Depreciation

At 1 January 2023

3,269

3,269

Charge for the year

381

381

At 31 December 2023

3,650

3,650

Carrying amount

At 31 December 2023

884

884

At 31 December 2022

1,265

1,265

5

Debtors

Current

Note

2023
£

2022
£

Trade debtors

 

52,685

241,034

Amounts owed by related parties

-

62,471

Prepayments

 

1,646

1,980

   

54,331

305,485

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

55,156

117,840

Amounts owed to group undertakings and undertakings in which the company has a participating interest

44,880

-

Taxation and social security

 

45,509

68,691

Accruals and deferred income

 

995

950

Other creditors

 

514

-

 

147,054

187,481