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REGISTERED NUMBER: 03037477 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

ARCTEC ENGINEERING SERVICES LIMITED

ARCTEC ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 03037477)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ARCTEC ENGINEERING SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: A D Bates
J McCluskey





SECRETARY: A D Bates





REGISTERED OFFICE: Unit 6 Sandmere Road
Leachmere Industrial Estate
Sunderland
SR2 9TP





REGISTERED NUMBER: 03037477 (England and Wales)





ACCOUNTANTS: RMT Ribchesters
Accountants and Business Advisors
Finchale House
Belmont Business Park
Durham
DH1 1TW

ARCTEC ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 03037477)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,554 55,283

CURRENT ASSETS
Stocks 53,360 62,500
Debtors 5 208,472 367,364
Cash at bank 114,254 -
376,086 429,864
CREDITORS
Amounts falling due within one year 6 156,014 207,164
NET CURRENT ASSETS 220,072 222,700
TOTAL ASSETS LESS CURRENT
LIABILITIES

266,626

277,983

PROVISIONS FOR LIABILITIES 11,230 13,323
NET ASSETS 255,396 264,660

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 255,296 264,560
SHAREHOLDERS' FUNDS 255,396 264,660

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

ARCTEC ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 03037477)

BALANCE SHEET - continued
31 JULY 2024


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 11 March 2025 and were signed on its behalf by:





A D Bates - Director


ARCTEC ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 03037477)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Arctec Engineering Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

Turnover
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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

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.

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.

ARCTEC ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 03037477)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

2. ACCOUNTING POLICIES - continued

Going concern
The directors have considered the financial performance and position of the company and its cash flows for a period in excess of 12 months from the date of which the financial statements were approved. They consider that the company can operate within the finances available to it. For this reason the going concern basis of accountancy has been adopted.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 491,946
Additions 666
At 31 July 2024 492,612
DEPRECIATION
At 1 August 2023 436,663
Charge for year 9,395
At 31 July 2024 446,058
NET BOOK VALUE
At 31 July 2024 46,554
At 31 July 2023 55,283

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 198,177 361,484
Other debtors 10,295 5,880
208,472 367,364

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 38,827
Trade creditors 67,559 82,286
Taxation and social security 77,428 76,856
Other creditors 11,027 9,195
156,014 207,164

ARCTEC ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 03037477)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year - 907

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

During the year the directors maintained interest free loans to the company. The total balances on these loans at the year end were £2,318 (2023:- £2,318).