Company Registration No. 07327924 (England and Wales)
ARAPSYS LIMITED
Unaudited accounts
for the year ended 31 January 2024
ARAPSYS LIMITED
Unaudited accounts
Contents
ARAPSYS LIMITED
Company Information
for the year ended 31 January 2024
Directors
Jonathan Blair
Kirsy Marie Blair
Company Number
07327924 (England and Wales)
Registered Office
99 Milton Keynes Business Centre
Foxhunter Drive, Linford Wood,
Milton Keynes
Buckinghamshire
MK14 6GD
United Kingdom
Accountants
Arth Limited
655 Milton Keynes Business Centre
Foxhunter Drive
Milton Keynes
Buckinghamshire
MK14 6GD
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of ARAPSYS LIMITED for the year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
ARAPSYS LIMITED for the year ended
31 January 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of ARAPSYS LIMITED, as a body, in accordance with the terms of our engagement letter dated 1 January 2018. Our work has been undertaken solely to prepare for your approval the accounts of ARAPSYS LIMITED and state those matters that we have agreed to state to the Board of Directors of ARAPSYS LIMITED, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ARAPSYS LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that ARAPSYS LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of ARAPSYS LIMITED. You consider that ARAPSYS LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of ARAPSYS LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Arth Limited
Chartered Accountants
655 Milton Keynes Business Centre
Foxhunter Drive
Milton Keynes
Buckinghamshire
MK14 6GD
2 October 2024
ARAPSYS LIMITED
Statement of financial position
as at 31 January 2024
Tangible assets
110,666
115,292
Cash at bank and in hand
23,054
29,214
Creditors: amounts falling due within one year
23,368
25,478
Net current assets
120,386
118,269
Net assets
231,052
233,561
Called up share capital
1
1
Profit and loss account
231,051
233,560
Shareholders' funds
231,052
233,561
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2024 and were signed on its behalf by
Jonathan Blair
Director
Company Registration No. 07327924
ARAPSYS LIMITED
Notes to the Accounts
for the year ended 31 January 2024
ARAPSYS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07327924. The registered office is 99 Milton Keynes Business Centre, Foxhunter Drive, Linford Wood,, Milton Keynes, Buckinghamshire, MK14 6GD, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Straight Line @ 25%
Computer equipment
Straight Line @ 25%
4
Tangible fixed assets
Land & buildings
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2023
110,666
4,106
33,812
148,584
Disposals
-
(4,106)
(33,812)
(37,918)
At 31 January 2024
110,666
-
-
110,666
At 1 February 2023
-
3,784
29,508
33,292
On disposals
-
(3,784)
(29,508)
(33,292)
At 31 January 2024
-
-
-
-
At 31 January 2024
110,666
-
-
110,666
At 31 January 2023
110,666
322
4,304
115,292
ARAPSYS LIMITED
Notes to the Accounts
for the year ended 31 January 2024
Amounts falling due within one year
Accrued income and prepayments
10,607
220
Other debtors
63,357
63,357
6
Creditors: amounts falling due within one year
2024
2023
Loans from directors
(23,368)
(25,478)
7
Average number of employees
During the year the average number of employees was 0 (2023: 1).