IRIS Accounts Production v24.3.2.46 06372499 Board of Directors 1.10.23 30.9.24 30.9.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh063724992023-09-30063724992024-09-30063724992023-10-012024-09-30063724992022-09-30063724992022-10-012023-09-30063724992023-09-3006372499ns15:EnglandWales2023-10-012024-09-3006372499ns14:PoundSterling2023-10-012024-09-3006372499ns10:Director12023-10-012024-09-3006372499ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3006372499ns10:SmallEntities2023-10-012024-09-3006372499ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3006372499ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3006372499ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3006372499ns10:FullAccounts2023-10-012024-09-3006372499ns10:Director22023-10-012024-09-3006372499ns10:RegisteredOffice2023-10-012024-09-3006372499ns5:CurrentFinancialInstruments2024-09-3006372499ns5:CurrentFinancialInstruments2023-09-3006372499ns5:Non-currentFinancialInstruments2024-09-3006372499ns5:Non-currentFinancialInstruments2023-09-3006372499ns5:ShareCapital2024-09-3006372499ns5:ShareCapital2023-09-3006372499ns5:RetainedEarningsAccumulatedLosses2024-09-3006372499ns5:RetainedEarningsAccumulatedLosses2023-09-3006372499ns5:LandBuildingsns5:ShortLeaseholdAssets2023-09-3006372499ns5:PlantMachinery2023-09-3006372499ns5:MotorVehicles2023-09-3006372499ns5:ComputerEquipment2023-09-3006372499ns5:LandBuildingsns5:ShortLeaseholdAssets2023-10-012024-09-3006372499ns5:PlantMachinery2023-10-012024-09-3006372499ns5:MotorVehicles2023-10-012024-09-3006372499ns5:ComputerEquipment2023-10-012024-09-3006372499ns5:LandBuildingsns5:ShortLeaseholdAssets2024-09-3006372499ns5:PlantMachinery2024-09-3006372499ns5:MotorVehicles2024-09-3006372499ns5:ComputerEquipment2024-09-3006372499ns5:LandBuildingsns5:ShortLeaseholdAssets2023-09-3006372499ns5:PlantMachinery2023-09-3006372499ns5:MotorVehicles2023-09-3006372499ns5:ComputerEquipment2023-09-3006372499ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3006372499ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3006372499ns5:Secured2024-09-3006372499ns5:Secured2023-09-30
REGISTERED NUMBER: 06372499 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

ARC AGRICULTURAL ENGINEERS LTD

ARC AGRICULTURAL ENGINEERS LTD (REGISTERED NUMBER: 06372499)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ARC AGRICULTURAL ENGINEERS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTORS: A R Costar
K M Costar





REGISTERED OFFICE: Langsmead Works
Milton Common
Oxfordshire
OX9 2JY





REGISTERED NUMBER: 06372499 (England and Wales)





ACCOUNTANTS: Martin and Company
Two Brewers House
50 North Street
Thame
Oxfordshire
OX9 3BH

ARC AGRICULTURAL ENGINEERS LTD (REGISTERED NUMBER: 06372499)

BALANCE SHEET
30TH SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 494,593 517,342

CURRENT ASSETS
Stocks 2,047,167 1,772,089
Debtors 5 459,451 694,174
2,506,618 2,466,263
CREDITORS
Amounts falling due within one year 6 950,650 1,173,424
NET CURRENT ASSETS 1,555,968 1,292,839
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,050,561

1,810,181

CREDITORS
Amounts falling due after more than one
year

7

(128,188

)

(24,572

)

PROVISIONS FOR LIABILITIES (101,913 ) (81,331 )
NET ASSETS 1,820,460 1,704,278

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,820,360 1,704,178
SHAREHOLDERS' FUNDS 1,820,460 1,704,278

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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 Income Statement has not been delivered.

ARC AGRICULTURAL ENGINEERS LTD (REGISTERED NUMBER: 06372499)

BALANCE SHEET - continued
30TH SEPTEMBER 2024



The financial statements were approved by the Board of Directors and authorised for issue on 4th April 2025 and were signed on its behalf by:





A R Costar - Director


ARC AGRICULTURAL ENGINEERS LTD (REGISTERED NUMBER: 06372499)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


1. STATUTORY INFORMATION

ARC Agricultural Engineers Ltd 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 represents net invoiced value of goods, excluding value added tax, except in respect of hire contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Tenants improvements - 10% straight line
Plant and machinery - 15% reducing balance
Motor vehicles - 15% reducing balance
Office equipment - 33% straight line

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

ARC AGRICULTURAL ENGINEERS LTD (REGISTERED NUMBER: 06372499)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Tenants Plant and Motor Office
improvements machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1st October 2023 148,971 828,028 156,829 9,005 1,142,833
Additions - 110,892 5,525 - 116,417
Disposals - (72,069 ) - - (72,069 )
At 30th September 2024 148,971 866,851 162,354 9,005 1,187,181
DEPRECIATION
At 1st October 2023 59,588 491,456 65,510 8,937 625,491
Charge for year 14,897 59,747 14,533 65 89,242
Eliminated on disposal - (22,145 ) - - (22,145 )
At 30th September 2024 74,485 529,058 80,043 9,002 692,588
NET BOOK VALUE
At 30th September 2024 74,486 337,793 82,311 3 494,593
At 30th September 2023 89,383 336,572 91,319 68 517,342


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 333,310 542,630
Other debtors 126,141 151,544
459,451 694,174

ARC AGRICULTURAL ENGINEERS LTD (REGISTERED NUMBER: 06372499)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 117,953 512,238
Hire purchase contracts 181,774 88,968
Trade creditors 86,786 166,206
Taxation and social security 113,180 71,844
Other creditors 450,957 334,168
950,650 1,173,424

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 120,688 7,072
Other creditors 7,500 17,500
128,188 24,572

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 117,953 512,238
Hire purchase contracts 302,462 96,040
420,415 608,278

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The director's current account was in credit at the beginning and end of the year.