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REGISTERED NUMBER: 05019448 (England and Wales)












Unaudited Financial Statements for the Year Ended 30 June 2024

for

ARC IT Recruitment Limited

ARC IT Recruitment Limited (Registered number: 05019448)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ARC IT Recruitment Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr M Freeman
Mr M J Freeman





SECRETARY: Mr M J Freeman





REGISTERED OFFICE: Lynnem House
1 Victoria Way
Burgess Hill
West Sussex
RH15 9NF





REGISTERED NUMBER: 05019448 (England and Wales)





ACCOUNTANTS: Price Green & Co
Lynnem House
1 Victoria Way
Burgess Hill
West Sussex
RH15 9NF

ARC IT Recruitment Limited (Registered number: 05019448)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,455 29,556

CURRENT ASSETS
Debtors 5 663,947 956,659
Investments 6 1,849 1,849
Cash at bank 2,394,805 2,204,586
3,060,601 3,163,094
CREDITORS
Amounts falling due within one year 7 257,175 332,833
NET CURRENT ASSETS 2,803,426 2,830,261
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,807,881

2,859,817

PROVISIONS FOR LIABILITIES 1,113 7,389
NET ASSETS 2,806,768 2,852,428

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,806,668 2,852,328
SHAREHOLDERS' FUNDS 2,806,768 2,852,428

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ARC IT Recruitment Limited (Registered number: 05019448)

Balance Sheet - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 November 2024 and were signed on its behalf by:





Mr M Freeman - Director


ARC IT Recruitment Limited (Registered number: 05019448)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

ARC IT Recruitment Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 11 ) .

ARC IT Recruitment Limited (Registered number: 05019448)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 July 2023 112,312 28,318 140,630
Disposals - (12,513 ) (12,513 )
At 30 June 2024 112,312 15,805 128,117
DEPRECIATION
At 1 July 2023 89,849 21,225 111,074
Charge for year 22,463 1,485 23,948
Eliminated on disposal - (11,360 ) (11,360 )
At 30 June 2024 112,312 11,350 123,662
NET BOOK VALUE
At 30 June 2024 - 4,455 4,455
At 30 June 2023 22,463 7,093 29,556

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 620,988 912,269
Other debtors 42,959 44,390
663,947 956,659

6. CURRENT ASSET INVESTMENTS
30.6.24 30.6.23
£    £   
Listed investments 1,849 1,849

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 117,181 140,601
Taxation and social security 120,072 182,268
Other creditors 19,922 9,964
257,175 332,833

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £245,682 (2023 - £261,624) were paid to the directors .

ARC IT Recruitment Limited (Registered number: 05019448)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. RELATED PARTY DISCLOSURES - continued

The company has been controlled by it's managing director Mr M Freeman throughout the current and previous year.

Mr M J Freeman has waived his right to dividends in the current and previous year.

Included in other debtors is £383 (2023: £442 creditor) owed to the director by the company.