2023-04-012024-03-312024-03-31false13858380ARETI GROUP 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ARETI GROUP LTD

Registered Number
13858380
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

ARETI GROUP LTD
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

CLARKE, Luke Samuel
KELLY, Peter Robert

Registered Address

4th Floor Silverstream House
45 Fitzroy Street, Fitzrovia
London
W1T 6EB

Registered Number

13858380 (England and Wales)
ARETI GROUP LTD
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets38,6227,870
8,6227,870
Current assets
Debtors357,287110,100
Cash at bank and on hand647,478307,536
1,004,765417,636
Creditors amounts falling due within one year4(350,225)(138,096)
Net current assets (liabilities)654,540279,540
Total assets less current liabilities663,162287,410
Net assets663,162287,410
Capital and reserves
Called up share capital1-
Profit and loss account663,161287,410
Shareholders' funds663,162287,410
The financial statements were approved and authorised for issue by the Board of Directors on 13 August 2024, and are signed on its behalf by:
CLARKE, Luke Samuel
Director
KELLY, Peter Robert
Director

Registered Company No. 13858380
ARETI GROUP LTD
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
2.Average number of employees

20242023
Average number of employees during the year61
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 April 239,8979,897
Additions4,8464,846
At 31 March 2414,74314,743
Depreciation and impairment
At 01 April 232,0272,027
Charge for year4,0944,094
At 31 March 246,1216,121
Net book value
At 31 March 248,6228,622
At 31 March 237,8707,870
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables119,6543,284
Bank borrowings and overdrafts5,8044,819
Taxation and social security224,767129,993
Total350,225138,096
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.