1 August 2023 false Taxfiler 2024.6 10862218business:PrivateLimitedCompanyLtd2023-08-012024-07-31 108622182023-07-31 108622182023-08-012024-07-31 10862218business:AuditExemptWithAccountantsReport2023-08-012024-07-31 10862218business:FilletedAccounts2023-08-012024-07-31 108622182024-07-31 10862218business:Director12023-08-012024-07-31 10862218business:RegisteredOffice2023-08-012024-07-31 108622182023-07-31 10862218core:WithinOneYear2024-07-31 10862218core:WithinOneYear2023-07-31 10862218core:AfterOneYear2024-07-31 10862218core:AfterOneYear2023-07-31 10862218core:ShareCapitalcore:PreviouslyStatedAmount2024-07-31 10862218core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 10862218core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-07-31 10862218core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 10862218core:PreviouslyStatedAmount2024-07-31 10862218core:PreviouslyStatedAmount2023-07-31 10862218business:SmallEntities2023-08-012024-07-31 10862218countries:EnglandWales2023-08-012024-07-31 10862218core:ComputerEquipment2023-08-012024-07-31 10862218core:ComputerEquipment2023-07-31 10862218core:ComputerEquipment2024-07-31 10862218business:OrdinaryShareClass12023-08-012024-07-31 10862218business:OrdinaryShareClass12022-08-012023-07-31 108622182022-08-012023-07-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 10862218 (England and Wales)
Arc Creations Limited Unaudited accounts for the year ended 31 July 2024
Arc Creations Limited Unaudited accounts Contents
Page
- 2 -
Arc Creations Limited Company Information for the year ended 31 July 2024
Director
Richard Andrew Fynan
Company Number
10862218 (England and Wales)
Registered Office
Oaktree House Wheelers Lane Brockham Surrey RH3 7LA
Accountants
Copsehill Services Ltd Oaktree House Wheelers Lane BROCKHAM Surrey RH3 7LA
- 3 -
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Arc Creations Limited for the year ended 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Arc Creations Limited for the year ended 31 July 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 Arc Creations Limited, as a body, in accordance with the terms of our engagement letter dated 17 March 2022. Our work has been undertaken solely to prepare for your approval the accounts of Arc Creations Limited and state those matters that we have agreed to state to the Board of Directors of Arc Creations 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 Arc Creations Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Arc Creations 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 profit of Arc Creations Limited. You consider that Arc Creations 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 Arc Creations 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.
Copsehill Services Ltd Chartered Accountants Oaktree House Wheelers Lane BROCKHAM Surrey RH3 7LA 19 November 2024
- 4 -
Arc Creations Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
958 
1,277 
Current assets
Debtors
50,000 
26,695 
Cash at bank and in hand
6,980 
22,369 
56,980 
49,064 
Creditors: amounts falling due within one year
(20,248)
(11,914)
Net current assets
36,732 
37,150 
Total assets less current liabilities
37,690 
38,427 
Creditors: amounts falling due after more than one year
(32,945)
(40,817)
Net assets/(liabilities)
4,745 
(2,390)
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
3,745 
(3,390)
Shareholders' funds
4,745 
(2,390)
For the year ending 31 July 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 23 November 2024 and were signed on its behalf by
Richard Andrew Fynan Director Company Registration No. 10862218
- 5 -
Arc Creations Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Arc Creations Limited is a private company, limited by shares, registered in England and Wales, registration number 10862218. The registered office is Oaktree House, Wheelers Lane, Brockham , Surrey, RH3 7LA.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in GBP.
Turnover
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.
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:
Computer equipment
33% per annum
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 August 2023
1,596 
At 31 July 2024
1,596 
Depreciation
At 1 August 2023
319 
Charge for the year
319 
At 31 July 2024
638 
Net book value
At 31 July 2024
958 
At 31 July 2023
1,277 
- 6 -
Arc Creations Limited Notes to the Accounts for the year ended 31 July 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
50,000 
26,695 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
7,873 
5,659 
VAT
2,124 
1,997 
Trade creditors
- 
(640)
Taxes and social security
8,420 
3,349 
Loans from directors
31 
349 
Accruals
1,800 
1,200 
20,248 
11,914 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
32,945 
40,817 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 7 -