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Registered number: 9630811
ARTHUR MARCEL ACCOUNTANCY LTD
Unaudited Financial Statements
For The Year Ended 30 June 2024
Prima and Company
222a Camberwell Road
London
SE5 0ED
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 9630811
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,239 1,653
1,239 1,653
CURRENT ASSETS
Debtors 5 11,455 12,455
Cash at bank and in hand - 2,883
11,455 15,338
Creditors: Amounts Falling Due Within One Year 6 (4,929 ) (2,791 )
NET CURRENT ASSETS (LIABILITIES) 6,526 12,547
TOTAL ASSETS LESS CURRENT LIABILITIES 7,765 14,200
Creditors: Amounts Falling Due After More Than One Year 7 (39,310 ) (37,655 )
NET LIABILITIES (31,545 ) (23,455 )
CAPITAL AND RESERVES
Called up share capital 8 50,000 50,000
Profit and Loss Account (81,545 ) (73,455 )
SHAREHOLDERS' FUNDS (31,545) (23,455)
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr MARCELLIUS NWONU
Director
20/02/2025
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
ARTHUR MARCEL ACCOUNTANCY LTD is a private company, limited by shares, incorporated in England & Wales, registered number 9630811 . The registered office is 222A, CAMBERWELL ROAD, LONDON, SE5 0ED.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
1 1
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 July 2023 8,525 5,413 13,938
As at 30 June 2024 8,525 5,413 13,938
Depreciation
As at 1 July 2023 7,514 4,771 12,285
Provided during the period 253 161 414
As at 30 June 2024 7,767 4,932 12,699
Net Book Value
As at 30 June 2024 758 481 1,239
As at 1 July 2023 1,011 642 1,653
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 11,455 12,455
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 666 -
Other taxes and social security - 149
VAT 142 696
Prima and Company Ltd 4,121 716
Prima and co. Ltd - 1,230
4,929 2,791
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 10,020 11,888
Directors loan account 29,290 25,767
39,310 37,655
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 50,000 50,000
9. Ultimate Controlling Party
The company's ultimate controlling party is Nneka Anthonia Nwonu by virtue of his ownership of 100% of the issued share capital in the company.
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