Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseNo description of principal activity22truetrue 10686081 2023-01-01 2023-12-31 10686081 2022-01-01 2022-12-31 10686081 2023-12-31 10686081 2022-12-31 10686081 c:Director1 2023-01-01 2023-12-31 10686081 d:Buildings 2023-01-01 2023-12-31 10686081 d:Buildings 2023-12-31 10686081 d:Buildings 2022-12-31 10686081 d:Buildings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10686081 d:CurrentFinancialInstruments 2023-12-31 10686081 d:CurrentFinancialInstruments 2022-12-31 10686081 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10686081 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 10686081 d:ShareCapital 2023-12-31 10686081 d:ShareCapital 2022-12-31 10686081 d:RetainedEarningsAccumulatedLosses 2023-12-31 10686081 d:RetainedEarningsAccumulatedLosses 2022-12-31 10686081 c:FRS102 2023-01-01 2023-12-31 10686081 c:Audited 2023-01-01 2023-12-31 10686081 c:FullAccounts 2023-01-01 2023-12-31 10686081 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10686081 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10686081 2 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 10686081









ARKAY GROUP LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
ARKAY GROUP LIMITED
REGISTERED NUMBER: 10686081

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
844,294
794,074

  
844,294
794,074

Current assets
  

Debtors: amounts falling due within one year
 5 
1,447,445
1,388,386

Cash at bank and in hand
 6 
16,196
43,005

  
1,463,641
1,431,391

Creditors: amounts falling due within one year
 7 
(987,902)
(961,179)

Net current assets
  
 
 
475,739
 
 
470,212

Total assets less current liabilities
  
1,320,033
1,264,286

  

Net assets
  
1,320,033
1,264,286


Capital and reserves
  

Called up share capital 
  
180,000
180,000

Profit and loss account
  
1,140,033
1,084,286

  
1,320,033
1,264,286


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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Rajesh Radia
Director

Date: 18 September 2024

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
ARKAY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Arkay Group Limited 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

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 2

 
ARKAY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Land and buildings
-
2%
On cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is
Page 3

 
ARKAY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.9
Financial instruments (continued)

an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Tangible fixed assets





Land and buildings

£



Cost or valuation


At 1 January 2023
850,994


Additions
62,520



At 31 December 2023

913,514



Depreciation


At 1 January 2023
56,920


Charge for the year on owned assets
12,300



At 31 December 2023

69,220



Net book value



At 31 December 2023
844,294



At 31 December 2022
794,074

Page 4

 
ARKAY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
5,032
3,532

Amounts owed by group undertakings
1,222,803
1,185,039

Other debtors
219,610
199,815

1,447,445
1,388,386



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
16,196
43,005

16,196
43,005



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
977,902
939,156

Corporation tax
-
16,623

Accruals and deferred income
10,000
5,400

987,902
961,179



8.


Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, not to disclose related party transactions with wholly owned subsidiaries within the group.


9.


Controlling party

The Company's immediate and ultimate parent undertaking is Arkay Group London Limited whose registered office is 36-38 Caxton Way, Watford, WD18 8QZ. Its consolidated financial statements are available from Companies House, Crown Way, Cardiff, CF14 3UZ. Rajesh Radia was the ultimate controlling party throughout the current and previous years.

Page 5

 
ARKAY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 18 September 2024 by Engin Zekia BSc FCA (Senior Statutory Auditor) on behalf of Adler Shine LLP.

 
Page 6