Registered number
08063370
ARKASH MANAGEMENT CONSULTANTS LIMITED
Filleted Accounts
31 May 2024
ARKASH MANAGEMENT CONSULTANTS LIMITED
Registered number: 08063370
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 31,331 46,998
Tangible assets 4 980,861 990,505
1,012,192 1,037,503
Current assets
Debtors 5 387,748 371,228
Cash at bank and in hand 295,474 69,874
683,222 441,102
Creditors: amounts falling due within one year 6 (92,858) (97,747)
Net current assets 590,364 343,355
Total assets less current liabilities 1,602,556 1,380,858
Creditors: amounts falling due after more than one year 7 (667,642) (704,131)
Net assets 934,914 676,727
Capital and reserves
Called up share capital 100 100
Profit and loss account 934,814 676,627
Shareholders' funds 934,914 676,727
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.
Mr Kashif Afsar
Director
Approved by the board on 14 January 2025
ARKASH MANAGEMENT CONSULTANTS LIMITED
Notes to the Accounts
for the year ended 31 May 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Freehold buildings Not depreciated
Plant and machinery and Motor Vehicle 20% wdv
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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 54 49
3 Intangible fixed assets £
Goodwill:
Cost
At 1 June 2023 200,000
At 31 May 2024 200,000
Amortisation
At 1 June 2023 153,002
Provided during the year 15,667
At 31 May 2024 168,669
Net book value
At 31 May 2024 31,331
At 31 May 2023 46,998
Goodwill is being written off in equal annual instalments over its estimated economic life of 15 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 June 2023 954,915 164,567 6,000 1,125,482
At 31 May 2024 954,915 164,567 6,000 1,125,482
Depreciation
At 1 June 2023 - 131,627 3,350 134,977
Charge for the year - 9,116 528 9,644
At 31 May 2024 - 140,743 3,878 144,621
Net book value
At 31 May 2024 954,915 23,824 2,122 980,861
At 31 May 2023 954,915 32,940 2,650 990,505
5 Debtors 2024 2023
£ £
Trade debtors 31,836 64,214
Amounts owed by group undertakings and undertakings in which the company has a participating interest 312,000 300,000
Other debtors 43,912 7,014
387,748 371,228
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 45,159 50,800
Taxation and social security costs 42,080 42,797
Other creditors 5,619 4,150
92,858 97,747
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 667,642 704,131
8 Related party transactions
Previous year Arkash Management lent £312,000 (2023 £300,000) to Crownwood Healthcare (TOPCO) Limited where Mr S Morjaria is a company director and shareholder.
9 Controlling party
Mr Kashif Afsar and Mr Sailesh Morjaria are the ultimate controlling parties.
10 Other information
ARKASH MANAGEMENT CONSULTANTS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Argyle House
3rd Floor, Northside
Joel Street, Northwood Hills
Middlesex
HA6 1NW
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