Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity1616falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04133663 2023-04-01 2024-03-31 04133663 2022-04-01 2023-03-31 04133663 2024-03-31 04133663 2023-03-31 04133663 c:Director1 2023-04-01 2024-03-31 04133663 d:PlantMachinery 2023-04-01 2024-03-31 04133663 d:MotorVehicles 2023-04-01 2024-03-31 04133663 d:FurnitureFittings 2023-04-01 2024-03-31 04133663 d:CurrentFinancialInstruments 2024-03-31 04133663 d:CurrentFinancialInstruments 2023-03-31 04133663 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 04133663 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04133663 d:ShareCapital 2024-03-31 04133663 d:ShareCapital 2023-03-31 04133663 d:RetainedEarningsAccumulatedLosses 2024-03-31 04133663 d:RetainedEarningsAccumulatedLosses 2023-03-31 04133663 c:FRS102 2023-04-01 2024-03-31 04133663 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04133663 c:FullAccounts 2023-04-01 2024-03-31 04133663 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04133663 2 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 04133663









ARENA PROTECTIVE COATINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
ARENA PROTECTIVE COATINGS LIMITED
REGISTERED NUMBER: 04133663

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
  
116,589
155,451

  
116,589
155,451

Current assets
  

Stocks
  
2,188
2,430

Debtors: amounts falling due within one year
 4 
137,316
100,317

Cash at bank and in hand
 5 
402,928
483,544

  
542,432
586,291

Creditors: amounts falling due within one year
 6 
(187,387)
(230,924)

Net current assets
  
 
 
355,045
 
 
355,367

Total assets less current liabilities
  
471,634
510,818

Provisions for liabilities
  

Deferred tax
  
(22,153)
(29,561)

  
 
 
(22,153)
 
 
(29,561)

Net assets
  
449,481
481,257


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
449,381
481,157

  
449,481
481,257


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
ARENA PROTECTIVE COATINGS LIMITED
REGISTERED NUMBER: 04133663
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 July 2024.




Ross Speight
Director

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 
ARENA PROTECTIVE COATINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Arena Protective Coatings Limited is a private company limited by shares, registered in the United Kingdom number 04133663. The registered office is 41 Randale Drive, Unsworth, Bury, Lancashire, BL9 8NF.
During the year the main principal of the company was that of treament and coating of metals.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
ARENA PROTECTIVE COATINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
ARENA PROTECTIVE COATINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Motor vehicles
-
25%
Fixtures and fittings
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 16 (2023 - 16).

Page 5

 
ARENA PROTECTIVE COATINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Debtors

2024
2023
£
£


Trade debtors
137,316
100,317

137,316
100,317



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
402,928
483,544

402,928
483,544



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
43,230
30,805

Corporation tax
-
6,019

Other taxation and social security
47,991
40,674

Other creditors
63,047
96,927

Accruals and deferred income
33,119
56,499

187,387
230,924


 
Page 6