Registered number
06107383
Arlo Of London Ltd
Filleted Accounts
29 February 2024
Arlo Of London Ltd
Registered number: 06107383
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,747 -
Current assets
Debtors 4 198,478 248,211
Cash at bank and in hand 26,642 19,634
225,120 267,845
Creditors: amounts falling due within one year 5 (194,277) (232,142)
Net current assets 30,843 35,703
Total assets less current liabilities 32,590 35,703
Creditors: amounts falling due after more than one year 6 (32,131) (35,659)
Net assets 459 44
Capital and reserves
Called up share capital 2 2
Profit and loss account 457 42
Shareholder's funds 459 44
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Rik Lopez
Director
Approved by the board on 27 November 2024
Arlo Of London Ltd
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Computers, labtops and mobile phones over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 21 129
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2023 - 6,995 6,995
Additions 2,620 - 2,620
At 29 February 2024 2,620 6,995 9,615
Depreciation
At 1 March 2023 - 6,995 6,995
Charge for the year 873 - 873
At 29 February 2024 873 6,995 7,868
Net book value
At 29 February 2024 1,747 - 1,747
4 Debtors 2024 2023
£ £
Trade debtors 104,885 178,745
Other debtors 93,593 69,466
198,478 248,211
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 38,714 39,863
Trade creditors 4,215 6,346
Amounts owed to group undertakings and undertakings in which the company has a participating interest 2,600 -
Taxation and social security costs 124,192 155,998
Net Wages payable 19,119 29,700
Other creditors 5,437 235
194,277 232,142
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 32,131 35,659
7 Related party transactions
Other debtors at the year end include amount of £93,593 due from the director Rik Lopez. It is the intention of the director to repay the amount with nine months of the year end.
8 Controlling party
The ultimate controlling party is Mr Rik Lopez by virtue of holidng 100% of shareholding in the company.
9 Other information
On 25 July 2022 the company changed it name from Arlo Cleaning Limited to Arlo of London Ltd.
Arlo Of London Ltd is a private company limited by shares and incorporated in England. Its registered office is:
317 Horn Lane
Acton
London W3 0BU
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