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REGISTERED NUMBER: 10800197 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

ARFCO LTD

ARFCO LTD (REGISTERED NUMBER: 10800197)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ARFCO LTD

COMPANY INFORMATION
for the year ended 30 APRIL 2024







DIRECTORS: W Choudhry
MS J Queen





REGISTERED OFFICE: The Wyastone Business Park
Wyastone Leys
Ganarew
Monmouth
NP25 3SR





REGISTERED NUMBER: 10800197 (England and Wales)





ACCOUNTANTS: Randall Robinson
Chartered Certified Accountants
Office 3.14
85 Gresham Street
London
EC2V 7NQ

ARFCO LTD (REGISTERED NUMBER: 10800197)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 620,000 620,000

CURRENT ASSETS
Stocks 38,783 38,783
Debtors 5 75,400 79,750
Cash at bank 2,148 96,466
116,331 214,999
CREDITORS
Amounts falling due within one year 6 200,372 301,788
NET CURRENT LIABILITIES (84,041 ) (86,789 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

535,959

533,211

CREDITORS
Amounts falling due after more than
one year

7

(29,630

)

(35,185

)

PROVISIONS FOR LIABILITIES (107,361 ) (106,907 )
NET ASSETS 398,968 391,119

ARFCO LTD (REGISTERED NUMBER: 10800197)

BALANCE SHEET - continued
30 APRIL 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 398,965 391,116
398,968 391,119

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 January 2025 and were signed on its behalf by:





W Choudhry - Director


ARFCO LTD (REGISTERED NUMBER: 10800197)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 APRIL 2024


1. STATUTORY INFORMATION

Arfco Ltd 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

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


ARFCO LTD (REGISTERED NUMBER: 10800197)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 APRIL 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 620,000
NET BOOK VALUE
At 30 April 2024 620,000
At 30 April 2023 620,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Other debtors 75,400 79,750

ARFCO LTD (REGISTERED NUMBER: 10800197)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 APRIL 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,555 5,556
Trade creditors (1 ) -
Taxation and social security 1,841 6,968
Other creditors 192,977 289,264
200,372 301,788

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
2024 2023
£    £   
Bank loans 29,630 35,185