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REGISTERED NUMBER: 05288378 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ARC PRODUCTS & SERVICES LIMITED

ARC PRODUCTS & SERVICES LIMITED (REGISTERED NUMBER: 05288378)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ARC PRODUCTS & SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: P Field
L R Field
A Field





SECRETARY: P Field





REGISTERED OFFICE: 364a Old Kent Road
London
SE1 5AA





REGISTERED NUMBER: 05288378 (England and Wales)





ACCOUNTANTS: Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE

ARC PRODUCTS & SERVICES LIMITED (REGISTERED NUMBER: 05288378)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 10,209 5,438

CURRENT ASSETS
Stocks 27,000 26,678
Debtors 5 311,099 300,578
Cash at bank 87,314 60,500
425,413 387,756
CREDITORS
Amounts falling due within one year 6 (204,710 ) (235,659 )
NET CURRENT ASSETS 220,703 152,097
TOTAL ASSETS LESS CURRENT
LIABILITIES

230,912

157,535

CREDITORS
Amounts falling due after more than one
year

7

(18,421

)

(28,225

)
NET ASSETS 212,491 129,310

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 212,391 129,210
212,491 129,310

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.

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 24 September 2024 and were signed on its behalf by:





P Field - Director


ARC PRODUCTS & SERVICES LIMITED (REGISTERED NUMBER: 05288378)

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


1. STATUTORY INFORMATION

Arc Products & Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
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.

Turnover
Turnover from the sale of goods is recognised when significant risk and rewards of ownership of the goods have transferred to the customer. Turnover arising from the provision of services is recognised at the point the associated services are provided.

In both cases, turnover is only recognised when it can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Taxation
Taxation for the year comprises current tax payable. 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 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.

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.

ARC PRODUCTS & SERVICES LIMITED (REGISTERED NUMBER: 05288378)

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


3. EMPLOYEES

The average number of employees during the year was 7 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 5,270 4,883 10,153
Additions 867 6,400 7,267
At 31 December 2023 6,137 11,283 17,420
DEPRECIATION
At 1 January 2023 3,096 1,619 4,715
Charge for year 980 1,516 2,496
At 31 December 2023 4,076 3,135 7,211
NET BOOK VALUE
At 31 December 2023 2,061 8,148 10,209
At 31 December 2022 2,174 3,264 5,438

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 311,099 241,328
Other debtors - 59,250
311,099 300,578

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 44,543 40,522
Amounts owed to group undertakings 48,319 22,290
Taxation and social security 78,061 115,160
Other creditors 23,787 47,687
204,710 235,659

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 18,421 28,225

ARC PRODUCTS & SERVICES LIMITED (REGISTERED NUMBER: 05288378)

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


8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 28,421 -

The bank loans are secured by fixed and floating charges over assets owned by the company.