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REGISTERED NUMBER: 02726473 (England and Wales)









Financial Statements

for the Year Ended 30 June 2024

for

David Arch Limited

David Arch Limited (Registered number: 02726473)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


David Arch Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: D Arch





SECRETARY: Mrs K Arch





REGISTERED OFFICE: 28 Church Road
Stanmore
Middlesex
HA7 4XR





REGISTERED NUMBER: 02726473 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
28 Church Road
Stanmore
Middlesex
HA7 4XR

David Arch Limited (Registered number: 02726473)

Statement of Financial Position
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 5,997 13,270

CURRENT ASSETS
Debtors 5 5,342 19,538
Cash at bank 450,990 311,306
456,332 330,844
CREDITORS
Amounts falling due within one year 6 (117,795 ) (50,428 )
NET CURRENT ASSETS 338,537 280,416
TOTAL ASSETS LESS CURRENT
LIABILITIES

344,534

293,686

PROVISIONS FOR LIABILITIES (1,334 ) (2,554 )
NET ASSETS 343,200 291,132

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 343,100 291,032
SHAREHOLDERS' FUNDS 343,200 291,132

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

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

The director acknowledges his 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 director and authorised for issue on 6 January 2025 and were signed by:





D Arch - Director


David Arch Limited (Registered number: 02726473)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

David Arch Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue 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.
Fixtures and fittings - 15% on reducing balance
Musical and computer equipment - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 2 (2023 - 2 ) .

David Arch Limited (Registered number: 02726473)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. PROPERTY, PLANT AND EQUIPMENT
Musical
Fixtures and
and computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023 13,625 137,615 151,240
Disposals (13,625 ) - (13,625 )
At 30 June 2024 - 137,615 137,615
DEPRECIATION
At 1 July 2023 12,770 125,200 137,970
Charge for year 855 6,418 7,273
Eliminated on disposal (13,625 ) - (13,625 )
At 30 June 2024 - 131,618 131,618
NET BOOK VALUE
At 30 June 2024 - 5,997 5,997
At 30 June 2023 855 12,415 13,270

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,757 1,440
Directors' current accounts - 16,499
Prepayments and accrued income 1,585 1,599
5,342 19,538

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 939 572
Tax 45,489 39,437
Social security and other taxes 2,048 1,800
VAT 1,755 4,736
Directors' current accounts 63,441 -
Accruals and deferred income 4,123 3,883
117,795 50,428