Registered number |
Registered number: | |||||||
Balance Sheet | |||||||
as at |
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Notes | 2024 | 2023 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Tangible assets | 3 | ||||||
Current assets | |||||||
Debtors | 4 | ||||||
Cash at bank and in hand | |||||||
Creditors: amounts falling due within one year | 5 | ( |
( |
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Net current assets | |||||||
Net assets | |||||||
Capital and reserves | |||||||
Called up share capital | |||||||
Profit and loss account | |||||||
Shareholders' funds | |||||||
Nurali Panjwani | |||||||
Director | |||||||
Approved by the board on |
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Notes to the Accounts | ||||||||
for the year ended |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
Turnover | ||||||||
Tangible fixed assets | ||||||||
Fixed Assets | 20% Reducing balance method | |||||||
Debtors | ||||||||
Creditors | ||||||||
Pensions | ||||||||
2 | Employees | 2024 | 2023 | |||||
Number | Number | |||||||
Average number of persons employed by the company | ||||||||
3 | Tangible fixed assets | |||||||
Land and buildings | Plant and machinery etc | Total | ||||||
£ | £ | £ | ||||||
Cost | ||||||||
At 1 May 2023 | - | |||||||
Additions * | - | |||||||
At 30 April 2024 | ||||||||
Depreciation | ||||||||
At 1 May 2023 | - | |||||||
Charge for the year | - | |||||||
At 30 April 2024 | - | |||||||
Net book value | ||||||||
At 30 April 2024 | ||||||||
At 30 April 2023 | - | |||||||
* fair value and historical value at year end was same | ||||||||
Freehold land and buildings: | 2024 | 2023 | ||||||
£ | £ | |||||||
Historical cost | 248,001 | - | ||||||
Cumulative depreciation based on historical cost | - | - | ||||||
Fair value | - | |||||||
4 | Debtors | 2024 | 2023 | |||||
£ | £ | |||||||
PAYE and NI | 415 | 733 | ||||||
Trade debtors | ||||||||
Tax - S455 | 8,330 | 8,330 | ||||||
Loan to Directors | 32,000 | 32,000 | ||||||
Other debtors | ||||||||
5 | Creditors: amounts falling due within one year | 2024 | 2023 | |||||
£ | £ | |||||||
Trade creditors | ( |
- | ||||||
Taxation and social security costs | ||||||||
Other creditors | ||||||||
6 | Contingent liabilities | |||||||
7 | Loans to directors | |||||||
Description and conditions | B/fwd | Paid | Repaid | C/fwd | ||||
£ | £ | £ | £ | |||||
- | - | |||||||
- | - | |||||||
- | - | |||||||
- | - | |||||||
- | - | |||||||
( |
- | - | ( |
|||||
- | - | |||||||
( |
- | - | ( |
|||||
32,000 | - | - | 32,000 | |||||
Official rate of interest was paid on the above loans. | ||||||||
8 | Related party transactions and Ultimate Controlling Party | |||||||
The shares are owned equally by the two directors and therefore both control the company. Dividend of £13,690 (2023; £15,000) in total has been declared during the year and paid, all of it to director 1 while director 2 has followed all the procedure for dividend waiver and have decided not to take any dividends. The director's current account balance at the year end was £1,727 Cr (2023 £2,427 Cr). This account has always remained in credit. Amount due from the directors is shown in note seven. Interest is paid at market rate and is shown under interest income together with interest received on directors loan. All the trasactions are at market value. During the year the company purchased a property from the directors at market value and at the year end the market value and fair value remains the same, |
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9 | Going Concern | |||||||
10 | Other information | |||||||
ARNL LIMITED is a private company limited by shares and incorporated in England. Its registered office is: | ||||||||
17 Thistlecroft Gardens | ||||||||
Stanmore | ||||||||
London | ||||||||
England | ||||||||
HA7 1PJ |