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REGISTERED NUMBER: 06030466















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ARC INTERIOR SOLUTIONS LIMITED

ARC INTERIOR SOLUTIONS LIMITED (REGISTERED NUMBER: 06030466)

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










Page

Balance Sheet 1

Notes to the Financial Statements 3


ARC INTERIOR SOLUTIONS LIMITED (REGISTERED NUMBER: 06030466)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 128,334 122,546

CURRENT ASSETS
Stocks 118,545 55,158
Debtors 5 477,559 511,991
Cash at bank and in hand 104,073 99,392
700,177 666,541
CREDITORS
Amounts falling due within one year 6 589,577 523,062
NET CURRENT ASSETS 110,600 143,479
TOTAL ASSETS LESS CURRENT
LIABILITIES

238,934

266,025

CREDITORS
Amounts falling due after more than one
year

7

(62,251

)

(86,430

)

PROVISIONS FOR LIABILITIES (28,500 ) (23,000 )
NET ASSETS 148,183 156,595

CAPITAL AND RESERVES
Called up share capital 130 130
Retained earnings 148,053 156,465
SHAREHOLDERS' FUNDS 148,183 156,595

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

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

ARC INTERIOR SOLUTIONS LIMITED (REGISTERED NUMBER: 06030466)

BALANCE SHEET - continued
31 DECEMBER 2023


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by:





Mrs D L Whitehouse - Director


ARC INTERIOR SOLUTIONS LIMITED (REGISTERED NUMBER: 06030466)

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


1. STATUTORY INFORMATION

Arc Interior Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is Unit 5 Shell Corner Trading Estate, Long Lane, Halesowen, West Midlands, B62 9LD. The company number is 06030466.

The financial statements are presented in Sterling, which is the functional currency of the company.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance and over the term of the lease
Motor vehicles - 25% on reducing balance
Computer equipment - 33% straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

ARC INTERIOR SOLUTIONS LIMITED (REGISTERED NUMBER: 06030466)

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


2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Financial instruments
Basic financial liabilities, including trade and other debtors, bank loans and other loans are initially recognised at transaction prices, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2022 - 28 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 220,223
Additions 53,371
Disposals (32,037 )
At 31 December 2023 241,557
DEPRECIATION
At 1 January 2023 97,677
Charge for year 37,000
Eliminated on disposal (21,454 )
At 31 December 2023 113,223
NET BOOK VALUE
At 31 December 2023 128,334
At 31 December 2022 122,546

ARC INTERIOR SOLUTIONS LIMITED (REGISTERED NUMBER: 06030466)

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


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023 187,683
Additions 28,949
Reclassification/transfer (79,921 )
At 31 December 2023 136,711
DEPRECIATION
At 1 January 2023 77,398
Charge for year 24,500
Reclassification/transfer (54,641 )
At 31 December 2023 47,257
NET BOOK VALUE
At 31 December 2023 89,454
At 31 December 2022 110,285

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 463,535 456,369
Other debtors 14,024 55,622
477,559 511,991

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 33,280 31,351
Trade creditors 166,951 125,371
Taxation and social security 265,492 245,934
Other creditors 113,854 110,406
589,577 523,062

ARC INTERIOR SOLUTIONS LIMITED (REGISTERED NUMBER: 06030466)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 15,834 25,348
Hire purchase contracts 46,417 61,082
62,251 86,430

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Hire purchase contracts 79,697 92,433

Hire purchase liabilities are secured against the assets acquired.

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £84,000 (2022 - £64,500) were paid to the directors .