Registered number
12716242
Arome Central Ltd
Unaudited Filleted Accounts
29 February 2024
Arome Central Ltd
Registered number: 12716242
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 48,591 5,548
Current assets
Stocks 6,945 31,561
Debtors 4 593,320 401,575
Cash at bank and in hand 36,478 22,825
636,743 455,961
Creditors: amounts falling due within one year 5 (409,083) (237,806)
Net current assets 227,660 218,155
Net assets 276,251 223,703
Capital and reserves
Called up share capital 100 100
Profit and loss account 276,151 223,603
Shareholder's funds 276,251 223,703
The directors are 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 directors acknowledge their 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.
Ms S C Chew
Director
Approved by the board on 14 November 2024
Arome Central 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:
Plant and machinery over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company has not prepared group accounts as it is exempt from the requirement to do so by section 399 of the Companies Act 2006 due to the company is subject to the small companies regime.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 17 11
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2023 9,320
Additions 56,133
At 29 February 2024 65,453
Depreciation
At 1 March 2023 3,772
Charge for the year 13,090
At 29 February 2024 16,862
Net book value
At 29 February 2024 48,591
At 28 February 2023 5,548
4 Debtors 2024 2023
£ £
Trade debtors 3,897 9,443
Amounts owed by group undertakings and undertakings in which the company has a participating interest 579,938 383,344
Other debtors 9,485 8,788
593,320 401,575
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 154,344 72,779
Taxation and social security costs 20,077 4,255
Other creditors 234,662 160,772
409,083 237,806
6 Related party transactions
The company has taken advantages of exemption from disclosure in paragraph 33.1A under the terms of Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’, not to disclose transactions or balances between the wholly owned members of the group.
7 Controlling party
The parent company is Get Crackin Ltd, a company registered in England and Wales. Get Crackin Ltd holds 100% of the shares in the company. Its registered office is : 15 Frith Street, 1st Floor, London W1D 4RE.
8 Other information
Arome Central Ltd is a private company limited by shares and incorporated in England. Its registered office is:
15 Frith Street
1st Floor
London
W1D 4RE
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