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Company Registration No. 10881882 (England and Wales)
Ara Electrical Ltd Unaudited accounts for the year ended 31 March 2024
Ara Electrical Ltd Unaudited accounts Contents
Page
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Ara Electrical Ltd Company Information for the year ended 31 March 2024
Director
Mr Kaify Koshnaw
Company Number
10881882 (England and Wales)
Registered Office
164 New Cavendish Street London W1W 6YT United Kingdom
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Ara Electrical Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,400 
2,513 
Current assets
Debtors
17,429 
5,782 
Cash at bank and in hand
7,820 
16,913 
25,249 
22,695 
Creditors: amounts falling due within one year
(16,364)
(18,619)
Net current assets
8,885 
4,076 
Net assets
15,285 
6,589 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
15,284 
6,588 
Shareholders' funds
15,285 
6,589 
For the year ending 31 March 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 27 December 2024 and were signed on its behalf by
Mr Kaify Koshnaw Director Company Registration No. 10881882
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Ara Electrical Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Ara Electrical Ltd is a private company, limited by shares, registered in England and Wales, registration number 10881882. The registered office is 164, New Cavendish Street, London, W1W 6YT, United Kingdom.
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 £ sterling.
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:
Motor vehicles
20% on costs
Fixtures & fittings
25% on costs
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
8,000 
1,885 
9,885 
Additions
8,000 
- 
8,000 
Disposals
(8,000)
- 
(8,000)
At 31 March 2024
8,000 
1,885 
9,885 
Depreciation
At 1 April 2023
5,893 
1,479 
7,372 
Charge for the year
1,600 
406 
2,006 
On disposals
(5,893)
- 
(5,893)
At 31 March 2024
1,600 
1,885 
3,485 
Net book value
At 31 March 2024
6,400 
- 
6,400 
At 31 March 2023
2,107 
406 
2,513 
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Ara Electrical Ltd Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
145 
(1,463)
Trade debtors
- 
7,245 
145 
5,782 
Amounts falling due after more than one year
Other debtors
17,284 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
16 
- 
Taxes and social security
3,261 
1,461 
Loans from directors
12,254 
17,158 
Accruals
833 
- 
16,364 
18,619 
7
Transactions with related parties
Included in other creditors is the amount of £12,254 (2023: £17,158) owed to the directors by the company.
8
Average number of employees
During the year the average number of employees was 4 (2023: 0).
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