Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-316false2023-01-01falseThe principal actvity of the company in the year under review was that of suppliers and installers of windows and doors.5trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07901388 2023-01-01 2023-12-31 07901388 2022-01-01 2022-12-31 07901388 2023-12-31 07901388 2022-12-31 07901388 c:Director1 2023-01-01 2023-12-31 07901388 d:MotorVehicles 2023-01-01 2023-12-31 07901388 d:OfficeEquipment 2023-01-01 2023-12-31 07901388 d:OfficeEquipment 2023-12-31 07901388 d:OfficeEquipment 2022-12-31 07901388 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07901388 d:CurrentFinancialInstruments 2023-12-31 07901388 d:CurrentFinancialInstruments 2022-12-31 07901388 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07901388 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07901388 d:ShareCapital 2023-12-31 07901388 d:ShareCapital 2022-12-31 07901388 d:RetainedEarningsAccumulatedLosses 2023-12-31 07901388 d:RetainedEarningsAccumulatedLosses 2022-12-31 07901388 c:FRS102 2023-01-01 2023-12-31 07901388 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07901388 c:FullAccounts 2023-01-01 2023-12-31 07901388 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07901388 2 2023-01-01 2023-12-31 07901388 4 2023-01-01 2023-12-31 07901388 6 2023-01-01 2023-12-31 07901388 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 07901388









ARKAY CONTRACTORS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
ARKAY CONTRACTORS LIMITED
REGISTERED NUMBER: 07901388

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,427
1,903

Investments
 5 
604,000
804,000

  
605,427
805,903

Current assets
  

Stocks
  
235,583
159,982

Debtors: amounts falling due within one year
 6 
2,056,442
1,267,501

Cash at bank and in hand
 7 
201,944
1,338,487

  
2,493,969
2,765,970

Creditors: amounts falling due within one year
 8 
(1,188,533)
(1,238,180)

Net current assets
  
 
 
1,305,436
 
 
1,527,790

Total assets less current liabilities
  
1,910,863
2,333,693

  

Net assets
  
1,910,863
2,333,693


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
1,910,763
2,333,593

  
1,910,863
2,333,693


Page 1

 
ARKAY CONTRACTORS LIMITED
REGISTERED NUMBER: 07901388
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




R R Radia
Director

Date: 29 January 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
ARKAY CONTRACTORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Arkay Contractors Limited is a private company, limited by shares, registered in Engand and Wales. The company's registered number and registered office address can be found on the company information page. The principal activity of the company is suppliers and installers of window and doors.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
ARKAY CONTRACTORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Office equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
ARKAY CONTRACTORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2022 - 6).

Page 5

 
ARKAY CONTRACTORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Computer Equipment

£



Cost or valuation


At 1 January 2023
4,781



At 31 December 2023

4,781



Depreciation


At 1 January 2023
2,878


Charge for the year on owned assets
476



At 31 December 2023

3,354



Net book value



At 31 December 2023
1,427



At 31 December 2022
1,903

Page 6

 
ARKAY CONTRACTORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
804,000



At 31 December 2023

804,000



Impairment


Charge for the period
200,000



At 31 December 2023

200,000



Net book value



At 31 December 2023
604,000



At 31 December 2022
804,000

Page 7

 
ARKAY CONTRACTORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors

2023
2022
£
£


Trade debtors
248,308
221,676

Amounts owed by group undertakings
460,115
226,454

Other debtors
1,038,920
521,119

Prepayments and accrued income
309,099
298,252

2,056,442
1,267,501



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
201,944
1,338,487

201,944
1,338,487



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
25,385
993

Corporation tax
136,840
-

Other taxation and social security
-
49,946

Other creditors
995,478
1,183,441

Accruals and deferred income
30,830
3,800

1,188,533
1,238,180



9.


Transactions with directors

At the year end the director owes the company £333,427 (2022: £93,984 owed to the company). This balance is interest free and repayable on demand.


10.


Related party transactions

At the year end the company was owed £460,115 (2022: £226,454) from its subsidiary. Interest of £12,661 (2022: £10,214) was charged to the subsidiary.

 
Page 8