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REGISTERED NUMBER: 05142930 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

ARC Fabrications Projects Limited

ARC Fabrications Projects Limited (Registered number: 05142930)

Contents of the Financial Statements
for the Year Ended 31 October 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


ARC Fabrications Projects Limited (Registered number: 05142930)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £ £
Fixed assets
Intangible assets 5 12,250 12,100
Tangible assets 6 11,871 10,272
24,121 22,372

Current assets
Stocks 315,219 159,917
Debtors 7 419,059 427,688
Cash at bank and in hand 292,726 356,427
1,027,004 944,032
Creditors
Amounts falling due within one year 8 (467,496 ) (521,216 )
Net current assets 559,508 422,816
Total assets less current liabilities 583,629 445,188

Provisions for liabilities (2,968 ) (2,568 )
Net assets 580,661 442,620

Capital and reserves
Called up share capital 99 99
Retained earnings 580,562 442,521
580,661 442,620

ARC Fabrications Projects Limited (Registered number: 05142930)

Balance Sheet - continued
31 October 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 March 2025 and were signed on its behalf by:





Mr A P Wagner - Director


ARC Fabrications Projects Limited (Registered number: 05142930)

Notes to the Financial Statements
for the Year Ended 31 October 2024


1. Statutory information

ARC Fabrications Projects Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05142930

Registered office: Garage Lane Industrial Estate
Setchey
King's Lynn
Norfolk
PE33 0BE

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% p.a. reducing balance
Motor vehicles - 25% p.a. reducing balance

ARC Fabrications Projects Limited (Registered number: 05142930)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


3. Accounting policies - continued

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in. first-out method and includes all purchase, transport , and handling costs in bring stocks to their present location and condition.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Taxation
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.

ARC Fabrications Projects Limited (Registered number: 05142930)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


3. Accounting policies - continued

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. Employees and directors

The average number of employees during the year was 28 (2023 - 26 ) .

5. Intangible fixed assets
Computer
software
£
Cost
At 1 November 2023 16,750
Additions 3,750
At 31 October 2024 20,500
Amortisation
At 1 November 2023 4,650
Amortisation for year 3,600
At 31 October 2024 8,250
Net book value
At 31 October 2024 12,250
At 31 October 2023 12,100

ARC Fabrications Projects Limited (Registered number: 05142930)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


6. Tangible fixed assets
Plant and Motor
machinery vehicles Totals
£ £ £
Cost
At 1 November 2023 5,495 15,100 20,595
Additions 4,348 - 4,348
At 31 October 2024 9,843 15,100 24,943
Depreciation
At 1 November 2023 - 10,323 10,323
Charge for year 1,555 1,194 2,749
At 31 October 2024 1,555 11,517 13,072
Net book value
At 31 October 2024 8,288 3,583 11,871
At 31 October 2023 5,495 4,777 10,272

7. Debtors: amounts falling due within one year
31.10.24 31.10.23
£ £
Trade debtors 418,009 427,688
Other debtors 1,050 -
419,059 427,688

8. Creditors: amounts falling due within one year
31.10.24 31.10.23
£ £
Trade creditors 259,734 188,834
Amounts owed to group undertakings 73,500 14,300
Taxation and social security 112,248 134,672
Other creditors 22,014 183,410
467,496 521,216

9. Related party disclosures

The company has taken advantage of the exemption provided in FRS 102 Section 1A from disclosing transactions with members of the group that are wholly owned.

No transactions were undertaken with the directors or related parties such as are required to be disclosed under the Financial Reporting Standard 102, Section 1A.