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REGISTERED NUMBER: 11901628 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 August 2023

for

Arcitile Group Ltd

Arcitile Group Ltd (Registered number: 11901628)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Arcitile Group Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTORS: D Evans
A J Goodall





REGISTERED OFFICE: Ink Rooms 1.12
28 Easton Street
London
London
WC1X 0DS





REGISTERED NUMBER: 11901628 (England and Wales)





ACCOUNTANTS: Johal & Company
Chartered Certified Accountants
& Registered Auditors
Spectrum House
2B Suttons Lane
Hornchurch
Essex
RM12 6RJ

Arcitile Group Ltd (Registered number: 11901628)

Statement of Financial Position
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,779 16,608

CURRENT ASSETS
Debtors 5 406,027 147,581
Cash at bank 277,392 268,181
683,419 415,762
CREDITORS
Amounts falling due within one year 6 569,612 366,117
NET CURRENT ASSETS 113,807 49,645
TOTAL ASSETS LESS CURRENT
LIABILITIES

133,586

66,253

CREDITORS
Amounts falling due after more than one
year

7

34,252

40,209
NET ASSETS 99,334 26,044

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 99,134 25,844
99,334 26,044

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

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

Arcitile Group Ltd (Registered number: 11901628)

Statement of Financial Position - continued
31 August 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by:




D Evans - Director



A J Goodall - Director


Arcitile Group Ltd (Registered number: 11901628)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Arcitile Group Ltd 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.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Implications of covid-19 on our operations
Management has considered the consequences of COVID-19 and other events and conditions, and it has determined that they do not create a material uncertainty that casts significant doubt upon the entity's ability to continue as a going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 3 ) .

Arcitile Group Ltd (Registered number: 11901628)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 September 2022 25,674 3,219 9,170 38,063
Additions 8,307 1,456 - 9,763
At 31 August 2023 33,981 4,675 9,170 47,826
DEPRECIATION
At 1 September 2022 14,364 1,786 5,305 21,455
Charge for year 4,904 722 966 6,592
At 31 August 2023 19,268 2,508 6,271 28,047
NET BOOK VALUE
At 31 August 2023 14,713 2,167 2,899 19,779
At 31 August 2022 11,310 1,433 3,865 16,608

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 373,057 120,560
Other debtors 32,970 27,021
406,027 147,581

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 5,957 5,957
Trade creditors 253,493 69,462
Taxation and social security 219,628 262,699
Other creditors 90,534 27,999
569,612 366,117

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans 34,252 40,209