Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2023-04-01falseNo description of principal activity3238true 06745343 2023-04-01 2024-03-31 06745343 2022-04-01 2023-03-31 06745343 2024-03-31 06745343 2023-03-31 06745343 c:Director1 2023-04-01 2024-03-31 06745343 d:PlantMachinery 2023-04-01 2024-03-31 06745343 d:PlantMachinery 2024-03-31 06745343 d:PlantMachinery 2023-03-31 06745343 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06745343 d:FurnitureFittings 2023-04-01 2024-03-31 06745343 d:FurnitureFittings 2024-03-31 06745343 d:FurnitureFittings 2023-03-31 06745343 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06745343 d:OfficeEquipment 2023-04-01 2024-03-31 06745343 d:OfficeEquipment 2024-03-31 06745343 d:OfficeEquipment 2023-03-31 06745343 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06745343 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06745343 d:CurrentFinancialInstruments 2024-03-31 06745343 d:CurrentFinancialInstruments 2023-03-31 06745343 d:Non-currentFinancialInstruments 2024-03-31 06745343 d:Non-currentFinancialInstruments 2023-03-31 06745343 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 06745343 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06745343 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 06745343 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 06745343 d:ShareCapital 2024-03-31 06745343 d:ShareCapital 2023-03-31 06745343 d:RetainedEarningsAccumulatedLosses 2024-03-31 06745343 d:RetainedEarningsAccumulatedLosses 2023-03-31 06745343 c:FRS102 2023-04-01 2024-03-31 06745343 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06745343 c:FullAccounts 2023-04-01 2024-03-31 06745343 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06745343 d:WithinOneYear 2024-03-31 06745343 d:WithinOneYear 2023-03-31 06745343 d:BetweenOneFiveYears 2024-03-31 06745343 d:BetweenOneFiveYears 2023-03-31 iso4217:GBP xbrli:pure
Company registration number: 06745343







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


ARKLE ELECTRONIC SYSTEMS LIMITED






































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ARKLE ELECTRONIC SYSTEMS LIMITED
REGISTERED NUMBER:06745343



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
275,530
274,324

  
275,530
274,324

Current assets
  

Stocks
  
390,164
395,518

Debtors: amounts falling due within one year
 5 
380,932
414,200

Cash at bank and in hand
  
52,176
98,154

  
823,272
907,872

Creditors: amounts falling due within one year
 6 
(429,964)
(534,375)

Net current assets
  
 
 
393,308
 
 
373,497

Total assets less current liabilities
  
668,838
647,821

Creditors: amounts falling due after more than one year
 7 
(117,833)
(163,833)

Provisions for liabilities
  

Deferred tax
  
(63,473)
(34,218)

  
 
 
(63,473)
 
 
(34,218)

Net assets
  
487,532
449,770


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
487,432
449,670

  
487,532
449,770


Page 1

 


ARKLE ELECTRONIC SYSTEMS LIMITED
REGISTERED NUMBER:06745343


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

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.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
P J J W Wallace
Director

Date: 21 November 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


ARKLE ELECTRONIC SYSTEMS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Arkle Electronic Systems 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

 
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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

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.

 
2.4

Pensions

The company operates a defined conttribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Page 3

 


ARKLE ELECTRONIC SYSTEMS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.6

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

The estimated useful lives range as follows:

Plant and machinery
-
4 - 10 years straight line
Fixtures and fittings
-
4 - 10 years straight line
Office equipment
-
4 years straight line

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.

Page 4

 


ARKLE ELECTRONIC SYSTEMS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

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 reporting 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.

 
2.8

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.


3.


Employees

The average monthly number of employees, including directors, during the year was 32 (2023 - 38).


4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2023
511,425
38,649
62,522
612,596


Additions
28,655
-
11,584
40,239



At 31 March 2024

540,080
38,649
74,106
652,835



Depreciation


At 1 April 2023
247,700
33,579
56,993
338,272


Charge for the year on owned assets
32,983
1,187
4,863
39,033



At 31 March 2024

280,683
34,766
61,856
377,305



Net book value



At 31 March 2024
259,397
3,883
12,250
275,530



At 31 March 2023
263,725
5,070
5,529
274,324

Page 5

 


ARKLE ELECTRONIC SYSTEMS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
350,100
382,860

Other debtors
30,832
31,340

380,932
414,200



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
36,000
36,000

Trade creditors
175,547
238,922

Taxation and social security
42,607
27,519

Other creditors
175,810
231,934

429,964
534,375


The following liabilities were secured:

2024
2023
£
£



Bank loans
36,000
36,000

Other creditors
155,489
179,581

191,489
215,581

Details of security provided:

Invoice discounting facilities and bank loans are secured by way of fixed and floating charges over the assets of the company.

Page 6

 


ARKLE ELECTRONIC SYSTEMS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
42,000
78,000

Other creditors
75,833
85,833

117,833
163,833


The following liabilities were secured:

2024
2023
£
£



Bank loans
42,000
78,000

42,000
78,000

Details of security provided:

Bank loans are secured by way of a fixed and floating charge over the assets of the company.


8.


Commitments under operating leases

At 31 March 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
85,400
85,400

Later than 1 year and not later than 5 years
42,700
128,100

128,100
213,500


9.


Parent relationships

The parent undertaking is Arkle Trading Group Limited, incorporated in England and Wales at Richmond House, Walkern Road, Stevenage SG1 3QP.

 
Page 7