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Company Registration No. 08604966 (England and Wales)
AREM AD LTD Unaudited accounts for the year ended 31 July 2024
AREM AD LTD Unaudited accounts Contents
Page
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AREM AD LTD Company Information for the year ended 31 July 2024
Director
Emma Palmer
Company Number
08604966 (England and Wales)
Registered Office
8 Mint Street Ramsbottom Bury Lancashire BL0 0PE
Accountants
Joy Noakes 3 Crummock Close Little Lever Bolton Lancs BL3 1UG
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AREM AD LTD Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,985 
4,578 
Investment property
- 
161,167 
3,985 
165,745 
Current assets
Inventories
11,910 
11,297 
Debtors
15,063 
226 
Cash at bank and in hand
26,089 
33,998 
53,062 
45,521 
Creditors: amounts falling due within one year
(14,760)
(14,909)
Net current assets
38,302 
30,612 
Total assets less current liabilities
42,287 
196,357 
Creditors: amounts falling due after more than one year
- 
(142,500)
Net assets
42,287 
53,857 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
42,277 
53,847 
Shareholders' funds
42,287 
53,857 
For the year ending 31 July 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 director acknowledges her 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 and authorised for issue on 3 March 2025 and were signed on its behalf by
Emma Palmer Director Company Registration No. 08604966
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AREM AD LTD Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
AREM AD LTD is a private company, limited by shares, registered in England and Wales, registration number 08604966. The registered office is 8 Mint Street, Ramsbottom, Bury, Lancashire, BL0 0PE.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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
20%
Fixtures & fittings
33.3%
Computer equipment
33.3%
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AREM AD LTD Notes to the Accounts for the year ended 31 July 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2023
1,223 
4,451 
11,186 
16,860 
Additions
- 
- 
1,740 
1,740 
Disposals
(1,223)
- 
- 
(1,223)
At 31 July 2024
- 
4,451 
12,926 
17,377 
Depreciation
At 1 August 2023
117 
3,576 
8,589 
12,282 
Charge for the year
- 
244 
983 
1,227 
On disposals
(117)
- 
- 
(117)
At 31 July 2024
- 
3,820 
9,572 
13,392 
Net book value
At 31 July 2024
- 
631 
3,354 
3,985 
At 31 July 2023
1,106 
875 
2,597 
4,578 
5
Investment property
2024 
£ 
Fair value at 1 August 2023
161,167 
Disposals
(161,167)
At 31 July 2024
- 
The property purchased in February 2023 was sold on 13 June 2024.
6
Inventories
2024 
2023 
£ 
£ 
Work in progress
11,910 
11,297 
11,910 
11,297 
WIP INV 236 raised Aug 24 RELATES TO JULY WORK
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
14,669 
- 
Accrued income and prepayments
394 
226 
15,063 
226 
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AREM AD LTD Notes to the Accounts for the year ended 31 July 2024
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
8,749 
6,067 
Trade creditors
(769)
- 
Taxes and social security
3,953 
4,995 
Other creditors
- 
2,564 
Accruals
2,827 
1,283 
14,760 
14,909 
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
- 
142,500 
The Directors Loan was repaid in full upon the Sale of the property
10
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10 
10 
11
Average number of employees
During the year the average number of employees was 3 (2023: 2).
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