Company Registration No. 10223959 (England and Wales)
ARK Group Of Companies Ltd
Unaudited accounts
for the period from 1 June 2023 to 31 August 2024
ARK Group Of Companies Ltd
Unaudited accounts
Contents
ARK Group Of Companies Ltd
Company Information
for the period from 1 June 2023 to 31 August 2024
Directors
Gary Moseley
Franck De Bruyne
Steven Auld
Company Number
10223959 (England and Wales)
Registered Office
Scell-It
Unit 7
Beacon Business Park, Beacon Way
Stafford
Staffordshire
ST18 0DG
England
ARK Group Of Companies Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
15,774
14,144
Inventories
1,651,301
1,850,280
Cash at bank and in hand
31
5,966
Creditors: amounts falling due within one year
(1,307,290)
(1,839,224)
Net current assets
746,546
263,741
Total assets less current liabilities
762,320
277,885
Creditors: amounts falling due after more than one year
(245,232)
(104,166)
Provisions for liabilities
Deferred tax
(3,944)
(3,536)
Net assets
513,144
170,183
Called up share capital
1
1
Profit and loss account
513,143
170,182
Shareholders' funds
513,144
170,183
For the period ending 31 August 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2024 and were signed on its behalf by
Steven Auld
Director
Company Registration No. 10223959
ARK Group Of Companies Ltd
Notes to the Accounts
for the period from 1 June 2023 to 31 August 2024
ARK Group Of Companies Ltd is a private company, limited by shares, registered in England and Wales, registration number 10223959. The registered office is Scell-It, Unit 7, Beacon Business Park, Beacon Way, Stafford, Staffordshire, ST18 0DG, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Fixtures & fittings
33% Reducing Balance
Computer equipment
33% Reducing Balance
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
ARK Group Of Companies Ltd
Notes to the Accounts
for the period from 1 June 2023 to 31 August 2024
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 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.
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.
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
9,463
-
21,935
31,398
Additions
5,802
1,350
1,755
8,907
At 31 August 2024
15,265
1,350
23,690
40,305
At 1 June 2023
4,082
-
13,172
17,254
Charge for the period
2,332
563
4,382
7,277
At 31 August 2024
6,414
563
17,554
24,531
At 31 August 2024
8,851
787
6,136
15,774
At 31 May 2023
5,381
-
8,763
14,144
ARK Group Of Companies Ltd
Notes to the Accounts
for the period from 1 June 2023 to 31 August 2024
Amounts falling due within one year
Accrued income and prepayments
5,189
1,939
Amounts falling due after more than one year
Amounts due from group undertakings etc.
290,514
-
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
31,121
92,916
Trade creditors
1,174,078
854,494
Taxes and social security
101,091
22,881
The bank loans and overdraft are secured with a fixed and floating charge over the company.
7
Creditors: amounts falling due after more than one year
2024
2023
Amounts owed to group undertakings and other participating interests
211,552
-
8
Deferred taxation
2024
2023
Accelerated capital allowances
3,944
3,536
Provision at start of period
3,536
3,536
Charged to the profit and loss account
408
-
Provision at end of period
3,944
3,536
The company is a 100% owned subsidiary of Scell-it (UK) Group Limited whose Registered Office is Unit 7 Beacon Business Park, Beacon Way, Stafford, ST18 0DG.
ARK Group Of Companies Ltd
Notes to the Accounts
for the period from 1 June 2023 to 31 August 2024
10
Average number of employees
During the period the average number of employees was 0 (2023: 0).