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Registered Number: 04996413
England and Wales

 

 

 

ARGON INDUSTRY LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2023

End date: 31 December 2023
Director Sheila Wilna Magnan
Registered Number 04996413
Registered Office 65 Compton Street,
London, England
EC1V 0BN
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Investments 3 1,391,340    1,391,340 
1,391,340    1,391,340 
Current assets      
Debtors: amounts falling due within one year 4 2,253    2,213 
Debtors: amounts falling due after one year 5 2    2 
Cash at bank and in hand 427    427 
2,682    2,642 
Creditors: amount falling due within one year 6 (780)   (531)
Net current assets 1,902    2,111 
 
Total assets less current liabilities 1,393,242    1,393,451 
Creditors: amount falling due after more than one year 7 (1,593,890)   (1,590,213)
Net assets (200,648)   (196,762)
 

Capital and reserves
     
Called up share capital 8 2    2 
Profit and loss account (200,650)   (196,764)
Shareholders' funds (200,648)   (196,762)
 


For the year ended 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:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 24 September 2024 and were signed on its behalf by:


-------------------------------
Sheila Wilna Magnan
Director
2
General Information
ARGON INDUSTRY LTD is a private company, limited by shares, registered in England and Wales, registration number 04996413, registration address 65 Compton Street, , London, England, EC1V 0BN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Investments in subsidiaries
The company's investments at the Balance Sheet date in the share capital of companies include the following:
"Beltransways" Joint LLC
Country: Republic of Belarus
Nature of business: Road freight transport
                                                                                %
Class of shares:                                                holding
Ordinary                                                               91.25%


"Bonshe" Joint LLC
Country: Republic of Belarus
Nature of business: Mushroom cultivation
                                                                                %
Class of shares:                                                holding
Ordinary                                                               69%



2.

Average number of employees, including directors

Average number of employees during the year was 1 (2022 : 1).
3.

Investments

Cost Investments in group undertakings   Total
  £   £
At 01 January 2023 1,391,340    1,391,340 
Additions  
Transfer to/from tangible fixed assets  
Disposals  
At 31 December 2023 1,391,340    1,391,340 

4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Prepayments & Accrued Income 2,253    2,213 
2,253    2,213 

5.

Debtors: amounts falling due after one year

2023
£
  2022
£
Other Debtors 2    2 
2    2 

6.

Creditors: amount falling due within one year

2023
£
  2022
£
Accrued Expenses 780    531 
780    531 

7.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Other Creditors 1,583,235    1,583,235 
Directors' Loan Accounts 10,655    6,978 
1,593,890    1,590,213 

8.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
2 Ordinary shares of £1.00 each  
 

3