Company registration number: 12627162
Unaudited financial statements
for the year ended 31 March 2024
for
Arkrule Construction Limited
Pages for filing with the Registrar
Company registration number: 12627162
Arkrule Construction Limited
Balance sheet
as at 31 March 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 790 987
790 987
Current assets
Debtors 229,900 74,693
Cash at bank and in hand 183,432 1,037
413,332 75,730
Creditors: amounts falling due within
one year
(259,276) (91,546)
Net current assets/(liabilities) 154,056 (15,816)
Total assets less current liabilities 154,846 (14,829)
NET ASSETS/(LIABILITIES) 154,846 (14,829)
Capital and reserves
Called up share capital 1 1
Profit and loss account 154,845 (14,830)
TOTAL EQUITY 154,846 (14,829)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
1
Company registration number: 12627162
Arkrule Construction Limited
Balance sheet - continued
as at 31 March 2024
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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr G Heneghan, Director
6 January 2024
2
Arkrule Construction Limited
Notes to the financial statements
for the year ended 31 March 2024
1 Company information
Arkrule Construction Limited is a private company registered in England and Wales. Its registered number is 12627162. The company is limited by shares. Its registered office is 19 Colburn Avenue, Hatch End, Pinner, HA5 4PQ.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Computer equipment - 20% reducing balance
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
3 Average number of employees
During the year the average number of employees was 2 (2023 - 2).
3
Arkrule Construction Limited
Notes to the financial statements - continued
for the year ended 31 March 2024
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 April 2023 1,542
At 31 March 2024 1,542
Depreciation
At 1 April 2023 555
Charge for year 197
At 31 March 2024 752
Net book value
At 31 March 2024 790
At 31 March 2023 987
5 Advances, credit and guarantees granted to the director
The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023.
2024 2023
£ £
Mr Graham Heneghan
Balance outstanding at start of year 46,894 -
Amounts advanced 21,626 46,894
Balance outstanding at end of year 68,520 46,894
Interest has been charged on the loan account at the Bank of England base rate
There are no guarantees against this loan
4