Acorah Software Products - Accounts Production 16.1.200 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 03206739 Mr K I Hutcheson Mr K I Hutcheson Mr K I Hutcheson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03206739 2023-06-30 03206739 2024-06-30 03206739 2023-07-01 2024-06-30 03206739 frs-core:CurrentFinancialInstruments 2024-06-30 03206739 frs-core:ComputerEquipment 2023-07-01 2024-06-30 03206739 frs-core:FurnitureFittings 2023-07-01 2024-06-30 03206739 frs-core:MotorVehicles 2023-07-01 2024-06-30 03206739 frs-core:PlantMachinery 2024-06-30 03206739 frs-core:PlantMachinery 2023-07-01 2024-06-30 03206739 frs-core:PlantMachinery 2023-06-30 03206739 frs-core:RevaluationReserve 2024-06-30 03206739 frs-core:ShareCapital 2024-06-30 03206739 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 03206739 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 03206739 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 03206739 frs-bus:SmallEntities 2023-07-01 2024-06-30 03206739 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 03206739 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 03206739 frs-core:UnlistedNon-exchangeTraded 2024-06-30 03206739 frs-core:UnlistedNon-exchangeTraded 2023-06-30 03206739 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-06-30 03206739 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2024-06-30 03206739 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-06-30 03206739 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-06-30 03206739 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-06-30 03206739 frs-bus:Director1 2023-07-01 2024-06-30 03206739 frs-bus:Director2 2023-07-01 2024-06-30 03206739 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 03206739 frs-countries:EnglandWales 2023-07-01 2024-06-30 03206739 2022-06-30 03206739 2023-06-30 03206739 2022-07-01 2023-06-30 03206739 frs-core:CurrentFinancialInstruments 2023-06-30 03206739 frs-core:RevaluationReserve 2023-06-30 03206739 frs-core:ShareCapital 2023-06-30 03206739 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 03206739
Arvan Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03206739
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 651 868
Investment Properties 5 220,000 220,000
Investments 6 - 51
220,651 220,919
CURRENT ASSETS
Debtors 7 2,500 28,582
Cash at bank and in hand 75,717 37,364
78,217 65,946
Creditors: Amounts Falling Due Within One Year 8 (44,561 ) (47,971 )
NET CURRENT ASSETS (LIABILITIES) 33,656 17,975
TOTAL ASSETS LESS CURRENT LIABILITIES 254,307 238,894
PROVISIONS FOR LIABILITIES
Deferred Taxation (163 ) (165 )
NET ASSETS 254,144 238,729
CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 51,891 51,891
Profit and Loss Account 202,153 186,738
SHAREHOLDERS' FUNDS 254,144 238,729
Page 1
Page 2
For the year ending 30 June 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr K I Hutcheson
Director
23 December 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Arvan Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03206739 . The registered office is Arvan House, Brookfield Drive, Cannock, Staffordshire, WS11 0JN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% - Reducing balance method
Fixtures & Fittings 25% - Reducing balance method
Computer Equipment 25% - Reducing balance method
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
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4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 July 2023 3,732
As at 30 June 2024 3,732
Depreciation
As at 1 July 2023 2,864
Provided during the period 217
As at 30 June 2024 3,081
Net Book Value
As at 30 June 2024 651
As at 1 July 2023 868
5. Investment Property
2024
£
Fair Value
As at 1 July 2023 and 30 June 2024 220,000
6. Investments
Unlisted
£
Cost
As at 1 July 2023 51
Disposals (51 )
As at 30 June 2024 -
Provision
As at 1 July 2023 -
As at 30 June 2024 -
Net Book Value
As at 30 June 2024 -
As at 1 July 2023 51
7. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings - 2,082
Other debtors 2,500 26,500
2,500 28,582
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Page 5
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 38,795 42,556
Taxation and social security 5,766 5,415
44,561 47,971
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5