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REGISTERED NUMBER: 04452280 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

ARQA Limited

ARQA Limited (Registered number: 04452280)

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


ARQA Limited

Company Information
for the year ended 31 May 2024







DIRECTOR: H M Thomas





REGISTERED OFFICE: Kenton House
Oxfrod Street
Moreton-in-Marsh
Gloucestershire
GL56 0LA





REGISTERED NUMBER: 04452280 (England and Wales)





ACCOUNTANTS: Tayabali Tomlin
Chartered Accountants
Kenton House
Oxford Street
Moreton-in-Marsh
Gloucestershire
GL56 0LA

ARQA Limited (Registered number: 04452280)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 330 492

CURRENT ASSETS
Debtors 5 3,490 20,899
Cash at bank 2,647 46,497
6,137 67,396
CREDITORS
Amounts falling due within one year 6 6,362 67,877
NET CURRENT LIABILITIES (225 ) (481 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

105

11

PROVISIONS FOR LIABILITIES 82 -
NET ASSETS 23 11

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 19 7
SHAREHOLDERS' FUNDS 23 11

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 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.

ARQA Limited (Registered number: 04452280)

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 director and authorised for issue on 19 December 2024 and were signed by:





H M Thomas - Director


ARQA Limited (Registered number: 04452280)

Notes to the Financial Statements
for the year ended 31 May 2024


1. STATUTORY INFORMATION

ARQA 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% 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 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.

ARQA Limited (Registered number: 04452280)

Notes to the Financial Statements - continued
for the year ended 31 May 2024


2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 June 2023
and 31 May 2024 2,436
DEPRECIATION
At 1 June 2023 1,944
Charge for year 162
At 31 May 2024 2,106
NET BOOK VALUE
At 31 May 2024 330
At 31 May 2023 492

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,067 20,899
Other debtors 423 -
3,490 20,899

ARQA Limited (Registered number: 04452280)

Notes to the Financial Statements - continued
for the year ended 31 May 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3 3
Trade creditors 399 2,702
Taxation and social security 3,068 310
Other creditors 2,892 64,862
6,362 67,877

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £21,340 (2023 - £35,000) were paid to the director .

Included within creditors: amounts falling due within one year is a director's current account in the sum of £199 (2023: £62,051). The account is unsecured, interest free and carries no fixed date of repayment.