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REGISTERED NUMBER: 03122777 (England and Wales)








Unaudited Financial Statements

for the Year Ended

31 May 2024

for

Arc Alloys Ltd

Arc Alloys Ltd (Registered number: 03122777)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Arc Alloys Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: P Downie
Mrs V J Downie





REGISTERED OFFICE: Unit A/B
Breener Industrial Estate
Station Drive
Brierley Hill
West Midlands
DY5 3JZ





REGISTERED NUMBER: 03122777 (England and Wales)





ACCOUNTANTS: Nicklin Accountancy Services Limited
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

Arc Alloys Ltd (Registered number: 03122777)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 114,457 111,230
114,458 111,231

CURRENT ASSETS
Stocks 38,535 36,700
Debtors 6 456,324 427,738
Cash at bank and in hand 495,388 264,604
990,247 729,042
CREDITORS
Amounts falling due within one year 7 452,377 366,268
NET CURRENT ASSETS 537,870 362,774
TOTAL ASSETS LESS CURRENT
LIABILITIES

652,328

474,005

CREDITORS
Amounts falling due after more than one year 8 (18,436 ) (28,436 )

PROVISIONS FOR LIABILITIES (22,045 ) (21,135 )
NET ASSETS 611,847 424,434

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 611,747 424,334
SHAREHOLDERS' FUNDS 611,847 424,434

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Arc Alloys Ltd (Registered number: 03122777)

Balance Sheet - continued
31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2024 and were signed on its behalf by:





P Downie - Director


Arc Alloys Ltd (Registered number: 03122777)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Arc Alloys Ltd 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.

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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of eight years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Arc Alloys Ltd (Registered number: 03122777)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 158,175
AMORTISATION
At 1 June 2023
and 31 May 2024 158,174
NET BOOK VALUE
At 31 May 2024 1
At 31 May 2023 1

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 203,647 109,505 51,230 23,256 387,638
Additions 2,208 - 40,995 - 43,203
Disposals - - (30,730 ) - (30,730 )
At 31 May 2024 205,855 109,505 61,495 23,256 400,111
DEPRECIATION
At 1 June 2023 123,365 89,998 40,882 22,163 276,408
Charge for year 20,623 4,877 12,411 365 38,276
Eliminated on disposal - - (29,030 ) - (29,030 )
At 31 May 2024 143,988 94,875 24,263 22,528 285,654
NET BOOK VALUE
At 31 May 2024 61,867 14,630 37,232 728 114,457
At 31 May 2023 80,282 19,507 10,348 1,093 111,230

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 446,324 417,738
Other debtors 10,000 10,000
456,324 427,738

Arc Alloys Ltd (Registered number: 03122777)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 201,312 217,208
Taxation and social security 157,176 95,596
Other creditors 83,889 43,464
452,377 366,268

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 18,436 28,436

9. RELATED PARTY DISCLOSURES

The balance due to the directors at 31st May 2024 was £20,889 (2023 - £40,465).