Company Registration No. 12855725 (England and Wales)
Arcis Decorators Ltd
Unaudited accounts
for the year ended 1 April 2024
Arcis Decorators Ltd
Unaudited accounts
Contents
Arcis Decorators Ltd
Statement of financial position
as at 1 April 2024
Tangible assets
13,596
15,803
Cash at bank and in hand
23,473
25,525
Creditors: amounts falling due within one year
(13,920)
(23,771)
Net current assets
19,461
12,372
Total assets less current liabilities
33,057
28,175
Provisions for liabilities
Deferred tax
(2,583)
(3,002)
Called up share capital
1
1
Profit and loss account
30,473
25,172
Shareholders' funds
30,474
25,173
For the year ending 1 April 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 director acknowledges his 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 and authorised for issue on 29 October 2024 and were signed on its behalf by
A O'Hare
Director
Company Registration No. 12855725
Arcis Decorators Ltd
Notes to the Accounts
for the year ended 1 April 2024
Arcis Decorators Ltd is a private company, limited by shares, registered in England and Wales, registration number 12855725. The registered office is 115 Chitterman Way, Markfield, Leicestershire, LE67 9WU, England.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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:
Motor vehicles
20% on cost
Arcis Decorators Ltd
Notes to the Accounts
for the year ended 1 April 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 2 April 2023
-
16,635
16,635
At 1 April 2024
1,400
16,635
18,035
Charge for the year
280
3,327
3,607
At 1 April 2024
280
4,159
4,439
At 1 April 2024
1,120
12,476
13,596
At 1 April 2023
-
15,803
15,803
Amounts falling due within one year
Accrued income and prepayments
218
218
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
8,821
4,579
Other creditors
4,364
18,512
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).