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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
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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
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A.R.K. Lasting Powers & Wills Ltd Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,041 
1,002 
Current assets
Debtors
4,997 
3,505 
Cash at bank and in hand
31,342 
25,633 
36,339 
29,138 
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)
Net assets
6,907 
763 
Capital and reserves
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
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A.R.K. Lasting Powers & Wills Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
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.
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:
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
Turnover
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.
Borrowings
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.
Share Capital
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.
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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 
Additions
915 
799 
1,714 
At 31 October 2024
1,167 
2,707 
3,874 
Depreciation
At 1 November 2023
252 
906 
1,158 
Charge for the year
181 
494 
675 
At 31 October 2024
433 
1,400 
1,833 
Net book value
At 31 October 2024
734 
1,307 
2,041 
At 31 October 2023
- 
1,002 
1,002 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,057 
1,467 
Accrued income and prepayments
1,940 
993 
Other debtors
- 
1,045 
4,997 
3,505 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
3,050 
3,050 
VAT
6,402 
9,720 
Taxes and social security
14,494 
8,278 
Other creditors
3,441 
1,914 
Loans from directors
543 
- 
Accruals
770 
835 
28,700 
23,797 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
2,773 
5,580 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £0.10 each
1 
1 
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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).
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