ARC DESIGN (NI) LIMITED NI606906 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is architectural design services Digita Accounts Production Advanced 6.30.9574.0 true true NI606906 2023-04-01 2024-03-31 NI606906 2024-03-31 NI606906 bus:OrdinaryShareClass1 2024-03-31 NI606906 core:CurrentFinancialInstruments 2024-03-31 NI606906 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 NI606906 core:FurnitureFittingsToolsEquipment 2024-03-31 NI606906 bus:SmallEntities 2023-04-01 2024-03-31 NI606906 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 NI606906 bus:FilletedAccounts 2023-04-01 2024-03-31 NI606906 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 NI606906 bus:RegisteredOffice 2023-04-01 2024-03-31 NI606906 bus:Director2 2023-04-01 2024-03-31 NI606906 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 NI606906 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 NI606906 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 NI606906 core:OfficeEquipment 2023-04-01 2024-03-31 NI606906 countries:NorthernIreland 2023-04-01 2024-03-31 NI606906 2023-03-31 NI606906 core:FurnitureFittingsToolsEquipment 2023-03-31 NI606906 2022-04-01 2023-03-31 NI606906 2023-03-31 NI606906 bus:OrdinaryShareClass1 2023-03-31 NI606906 core:CurrentFinancialInstruments 2023-03-31 NI606906 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 NI606906 core:FurnitureFittingsToolsEquipment 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: NI606906

ARC DESIGN (NI) LIMITED

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

ARC DESIGN (NI) LIMITED

(Registration number: NI606906)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

529

661

Current assets

 

Stocks

5

7,480

3,265

Debtors

6

1,186

98

Cash at bank and in hand

 

68,056

71,752

 

76,722

75,115

Creditors: Amounts falling due within one year

7

(40,491)

(34,916)

Net current assets

 

36,231

40,199

Total assets less current liabilities

 

36,760

40,860

Provisions for liabilities

(101)

(126)

Net assets

 

36,659

40,734

Capital and reserves

 

Called up share capital

8

1

1

Retained earnings

36,658

40,733

Shareholders' funds

 

36,659

40,734

For the financial year ending 31 March 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

ARC DESIGN (NI) LIMITED

(Registration number: NI606906)
Balance Sheet as at 31 March 2024

Approved and authorised by the director on 2 October 2024
 

.........................................
Mr Adrian Patterson
Director

 

ARC DESIGN (NI) LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: 17A Gillistown Road, Toomebridge, Antrim, County Antrim, BT41 3QD.

These financial statements were authorised for issue by the director on 2 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Government grants

Revenue grants are accounted for under the performance model. Revenue grants that do not impose specified future performance-related conditions are recongnised when the grant proceeds are received or receivable.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

ARC DESIGN (NI) LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Equipment

20% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Short-term debtors and creditors

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 income statement in operating expenses.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

ARC DESIGN (NI) LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

5,564

5,564

At 31 March 2024

5,564

5,564

Depreciation

At 1 April 2023

4,903

4,903

Charge for the year

132

132

At 31 March 2024

5,035

5,035

Carrying amount

At 31 March 2024

529

529

At 31 March 2023

661

661

5

Stocks and Work in Progress

2024
£

2023
£

Work in progress

7,480

3,265

 

ARC DESIGN (NI) LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Debtors

2024
£

2023
£

Trade debtors

1,186

98

1,186

98

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

2,078

-

Other creditors

35,975

32,478

Accruals and deferred income

2,438

2,438

40,491

34,916

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1