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REGISTERED NUMBER: 10346750 (England and Wales)















ARQINO DIGITAL LIMITED

Unaudited Financial Statements for the Year Ended 31 December 2023






ARQINO DIGITAL LIMITED (REGISTERED NUMBER: 10346750)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ARQINO DIGITAL LIMITED

Company Information
for the year ended 31 December 2023







DIRECTOR: P P Ranchhod





REGISTERED OFFICE: 2B Bassien Park Road
London
W12 9RY





REGISTERED NUMBER: 10346750 (England and Wales)





ACCOUNTANTS: Tudor John Limited
Nightingale House
46-48 East Street
Epsom
Surrey
KT17 1HQ

ARQINO DIGITAL LIMITED (REGISTERED NUMBER: 10346750)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 207 1,308

CURRENT ASSETS
Debtors 5 70,723 66,505
Cash at bank 12,505 10,834
83,228 77,339
CREDITORS
Amounts falling due within one year 6 28,861 29,399
NET CURRENT ASSETS 54,367 47,940
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,574

49,248

CREDITORS
Amounts falling due after more than one year 7 19,062 29,097
NET ASSETS 35,512 20,151

CAPITAL AND RESERVES
Called up share capital 7,500 7,500
Retained earnings 8 28,012 12,651
35,512 20,151

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 director acknowledges his 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.

ARQINO DIGITAL LIMITED (REGISTERED NUMBER: 10346750)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 September 2024 and were signed by:





P P Ranchhod - Director


ARQINO DIGITAL LIMITED (REGISTERED NUMBER: 10346750)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Arqino Digital 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

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 etc - 33% on cost

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 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.

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.

FINANCIAL INSTRUMENTS
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

ARQINO DIGITAL LIMITED (REGISTERED NUMBER: 10346750)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 3,399
Disposals (986 )
At 31 December 2023 2,413
DEPRECIATION
At 1 January 2023 2,091
Charge for year 1,101
Eliminated on disposal (986 )
At 31 December 2023 2,206
NET BOOK VALUE
At 31 December 2023 207
At 31 December 2022 1,308

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,938 2,722
Other debtors 66,785 63,783
70,723 66,505

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,035 9,788
Trade creditors 401 1,481
Taxation and social security 6,538 7,698
Other creditors 11,887 10,432
28,861 29,399

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 19,062 29,097

ARQINO DIGITAL LIMITED (REGISTERED NUMBER: 10346750)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

8. RESERVES
Retained
earnings
£   

At 1 January 2023 12,651
Profit for the year 15,361
At 31 December 2023 28,012

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
P P Ranchhod
Balance outstanding at start of year 50,718 48,267
Amounts advanced 1,205 2,451
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 51,923 50,718