0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 700,000 700,000 700,000 xbrli:pure xbrli:shares iso4217:GBP 06622951 2023-04-01 2024-06-30 06622951 2024-06-30 06622951 2023-03-31 06622951 2022-04-01 2023-03-31 06622951 2023-03-31 06622951 2022-03-31 06622951 core:PlantMachinery 2023-04-01 2024-06-30 06622951 bus:OrdinaryShareClass1 2023-04-01 2024-06-30 06622951 bus:Director1 2023-04-01 2024-06-30 06622951 core:WithinOneYear 2024-06-30 06622951 core:WithinOneYear 2023-03-31 06622951 core:AfterOneYear 2023-03-31 06622951 core:LandBuildings core:OwnedOrFreeholdAssets 2023-04-01 2024-06-30 06622951 core:ShareCapital 2024-06-30 06622951 core:ShareCapital 2023-03-31 06622951 core:RevaluationReserve 2023-03-31 06622951 core:RetainedEarningsAccumulatedLosses 2024-06-30 06622951 core:RetainedEarningsAccumulatedLosses 2023-03-31 06622951 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 06622951 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 06622951 bus:SmallEntities 2023-04-01 2024-06-30 06622951 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-06-30 06622951 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-06-30 06622951 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-06-30 06622951 bus:FullAccounts 2023-04-01 2024-06-30 06622951 bus:OrdinaryShareClass1 2024-06-30 06622951 bus:OrdinaryShareClass1 2023-03-31 06622951 core:OfficeEquipment 2023-04-01 2024-06-30
COMPANY REGISTRATION NUMBER: 06622951
Arkk Endeavours Limited
Filleted Unaudited Financial Statements
Period ended
30 June 2024
Arkk Endeavours Limited
Statement of Financial Position
30 June 2024
30 Jun 24
31 Mar 23
Note
£
£
£
£
Fixed assets
Tangible assets
4
700,000
Current assets
Debtors
5
88,420
67,101
Cash at bank and in hand
133,818
44,344
---------
---------
222,238
111,445
Creditors: amounts falling due within one year
6
22,641
138,047
---------
---------
Net current assets/(liabilities)
199,597
( 26,602)
---------
---------
Total assets less current liabilities
199,597
673,398
Creditors: amounts falling due after more than one year
7
446,432
Provisions
19,000
---------
---------
Net assets
199,597
207,966
---------
---------
Capital and reserves
Called up share capital
8
200
200
Revaluation reserve
81,000
Profit and loss account
199,397
126,766
---------
---------
Shareholders funds
199,597
207,966
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Arkk Endeavours Limited
Statement of Financial Position (continued)
30 June 2024
These financial statements were approved by the board of directors and authorised for issue on 26 September 2024 , and are signed on behalf of the board by:
Dr A M Cutts
Director
Company registration number: 06622951
Arkk Endeavours Limited
Notes to the Financial Statements
Period from 1 April 2023 to 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Office equipment
-
25% straight line
Financial instruments
Financial instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Tangible assets
Investment property
£
Cost or valuation
At 1 April 2023
700,000
Disposals
( 700,000)
---------
At 30 June 2024
---------
Depreciation
At 1 April 2023 and 30 June 2024
---------
Carrying amount
At 30 June 2024
---------
At 31 March 2023
700,000
---------
5. Debtors
30 Jun 24
31 Mar 23
£
£
Trade debtors
30,504
Prepayments and accrued income
24,597
Director's loan account
54,154
Other debtors
34,266
12,000
--------
--------
88,420
67,101
--------
--------
6. Creditors: amounts falling due within one year
30 Jun 24
31 Mar 23
£
£
Bank loans and overdrafts
38,819
Trade creditors
2,075
Accruals and deferred income
5,000
60,201
Corporation tax
17,641
18,773
Social security and other taxes
10,754
Director loan accounts
758
Other creditors
6,667
--------
---------
22,641
138,047
--------
---------
7. Creditors: amounts falling due after more than one year
30 Jun 24
31 Mar 23
£
£
Bank loans and overdrafts
446,432
----
---------
8. Called up share capital
Issued, called up and fully paid
30 Jun 24
31 Mar 23
No.
£
No.
£
Ordinary shares of £ 1 each
200
200
200
200
----
----
----
----
9. Director's advances, credits and guarantees
At the year end the director owed the company £54,154 (2023: £758 was owed to the director) in the form of a loan account and is shown amongst debtors. The loan is repayable on demand and had interest of £959 (2023: £201) charged on it during the year. The maximum amount outstanding in the year was £54,154.