Registered number
07589734
ARNL LIMITED
Filleted Accounts
30 April 2024
ARNL LIMITED
Registered number: 07589734
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 251,439 4,298
Current assets
Debtors 4 75,734 57,679
Cash at bank and in hand 29,713 177,821
105,447 235,500
Creditors: amounts falling due within one year 5 (55,266) (35,613)
Net current assets 50,181 199,887
Net assets 301,620 204,185
Capital and reserves
Called up share capital 100 100
Profit and loss account 301,520 204,085
Shareholders' funds 301,620 204,185
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Nurali Panjwani
Director
Approved by the board on 6 January 2025
ARNL LIMITED
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixed Assets 20% Reducing balance method
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 May 2023 - 9,119 9,119
Additions * 248,001 - 248,001
At 30 April 2024 248,001 9,119 257,120
Depreciation
At 1 May 2023 - 4,821 4,821
Charge for the year - 860 860
At 30 April 2024 - 5,681 5,681
Net book value
At 30 April 2024 248,001 3,438 251,439
At 30 April 2023 - 4,298 4,298
* 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 248,001 -
4 Debtors 2024 2023
£ £
PAYE and NI 415 733
Trade debtors 34,951 16,578
Tax - S455 8,330 8,330
Loan to Directors 32,000 32,000
Other debtors 38 38
75,734 57,679
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors (2) -
Taxation and social security costs 52,661 31,389
Other creditors 2,607 4,224
55,266 35,613
6 Contingent liabilities
The director has confirmed that there were no contingent liabilities which should be disclosed at 30 April 2024.
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Director 1
Director 1 Borrowed 13/11/15 repaid part on 15/4/18 &15/04/20 5,000 - - 5,000
Director 1 Borrowed 30/01/17 2,000 - - 2,000
Director 2
Director 2 Borrowed 30/01/17 2,000 - - 2,000
Director 2 Borrowed 13/11/15 repaid part on 15/4/18 & 15/04/20 5,000 - - 5,000
Director 1
New Loan Director 1 20/10/21 32,000 - - 32,000
Director 1 repaid on 4/02/22, 13/02/22 and 15/04/2022 (18,000) - - (18,000)
Director 2
New Loan Director 2 19/10/21 32,000 - - 32,000
Director 2 Repaid on 4/02/22, 13/02/22 and 15/04/2022 (28,000) - - (28,000)
32,000 - - 32,000
Official rate of interest was paid on the above loans.
8 Related party transactions and Ultimate Controlling Party
The company paid the director £3,900 (2023 £3,600) for use of office at home.

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,
9 Going Concern
The director has reviewed a period of 12 months from approval of these financial statements and concluded the company is able to meet all its liabilites as they fall due. As a result it is appropriate it is appropriate to prepare the accounts on a going concern basis.
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
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