Company Registration No. 04131549 (England and Wales)
ARV (UK) Limited
Unaudited accounts
for the year ended 31 December 2023
ARV (UK) Limited
Unaudited accounts
Contents
ARV (UK) Limited
Company Information
for the year ended 31 December 2023
Company Number
04131549 (England and Wales)
Registered Office
Southwest House
Alma Terrace
Gloucester
GL1 5PY
Accountants
Louise Newman and co Ltd
2 Bath Mews
Bath Parade
Cheltenham
Gloucestershire
GL53 7HL
ARV (UK) Limited
Statement of financial position
as at 31 December 2023
Tangible assets
10,773
13,936
Cash at bank and in hand
11,762
60,833
Creditors: amounts falling due within one year
(37,192)
(91,944)
Net current assets
11,604
39,005
Total assets less current liabilities
22,377
52,941
Creditors: amounts falling due after more than one year
(15,000)
-
Called up share capital
4
4
Profit and loss account
7,373
52,937
Shareholders' funds
7,377
52,941
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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 September 2024 and were signed on its behalf by
David Fouracre
Director
Company Registration No. 04131549
ARV (UK) Limited
Notes to the Accounts
for the year ended 31 December 2023
ARV (UK) Limited is a private company, limited by shares, registered in England and Wales, registration number 04131549. The registered office is Southwest House, Alma Terrace, Gloucester, GL1 5PY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing Balance
Motor vehicles
20% straight line
Computer equipment
33.3% straight line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
ARV (UK) Limited
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 January 2023
30,532
25,057
55,589
At 31 December 2023
30,960
25,057
56,017
At 1 January 2023
27,872
13,781
41,653
Charge for the year
772
2,819
3,591
At 31 December 2023
28,644
16,600
45,244
At 31 December 2023
2,316
8,457
10,773
At 31 December 2022
2,660
11,276
13,936
Amounts falling due within one year
Trade debtors
28,010
48,961
Accrued income and prepayments
1,130
919
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
6,226
70,981
Taxes and social security
738
2,436
Loans from directors
28,578
14,374
7
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
15,000
-
8
Average number of employees
During the year the average number of employees was 4 (2022: 6).