Company Registration No. 11635781 (England and Wales)
A.R.K. Lasting Powers & Wills Ltd
Unaudited accounts
for the year ended 31 October 2024
A.R.K. Lasting Powers & Wills Ltd
Unaudited accounts
Contents
A.R.K. Lasting Powers & Wills Ltd
Company Information
for the year ended 31 October 2024
Directors
Karen Greenall
John Greenall
Company Number
11635781 (England and Wales)
Registered Office
69 Webb Rise
Stevenage
Hertfordshire
SG1 5QE
Accountants
Hunter Financial Group Limited
86-90 Paul Street
London
EC2A 4NE
A.R.K. Lasting Powers & Wills Ltd
Statement of financial position
as at 31 October 2024
Tangible assets
2,041
1,002
Cash at bank and in hand
31,342
25,633
Creditors: amounts falling due within one year
(28,700)
(23,797)
Net current assets
7,639
5,341
Total assets less current liabilities
9,680
6,343
Creditors: amounts falling due after more than one year
(2,773)
(5,580)
Called up share capital
1
1
Profit and loss account
6,906
762
Shareholders' funds
6,907
763
For the year ending 31 October 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 March 2025 and were signed on its behalf by
Karen Greenall
Director
Company Registration No. 11635781
A.R.K. Lasting Powers & Wills Ltd
Notes to the Accounts
for the year ended 31 October 2024
A.R.K. Lasting Powers & Wills Ltd is a private company, limited by shares, registered in England and Wales, registration number 11635781. The registered office is 69 Webb Rise, Stevenage, Hertfordshire, SG1 5QE.
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 year, 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.
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:
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover from the rendering of services is recognised by reference to the completion of the contract.
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs.
Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Income Statement over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
A.R.K. Lasting Powers & Wills Ltd
Notes to the Accounts
for the year ended 31 October 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2023
252
1,908
2,160
At 31 October 2024
1,167
2,707
3,874
At 1 November 2023
252
906
1,158
Charge for the year
181
494
675
At 31 October 2024
433
1,400
1,833
At 31 October 2024
734
1,307
2,041
At 31 October 2023
-
1,002
1,002
Amounts falling due within one year
Accrued income and prepayments
1,940
993
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,050
3,050
Taxes and social security
14,494
8,278
Other creditors
3,441
1,914
Loans from directors
543
-
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
10 Ordinary shares of £0.10 each
1
1
A.R.K. Lasting Powers & Wills Ltd
Notes to the Accounts
for the year ended 31 October 2024
9
Transactions with related parties
Included in creditors at the year end, was £543 (2023: debtor of £1,045) owed from the company to the directors. This loan was interest free with no fixed date for repayment.
The directors' remuneration for the year was £25,223 (2023: £24,588).
10
Average number of employees
During the year the average number of employees was 3 (2023: 3).