Registered number
13491011
Arroware Ltd
Unaudited Filleted Accounts
31 July 2024
Arroware Ltd
Registered number: 13491011
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 778 12,022
Current assets
Debtors 4 - 11,757
Cash at bank and in hand 3,487 48,843
3,487 60,600
Creditors: amounts falling due within one year 5 1,146 (31,918)
Net current assets 4,633 28,682
Net assets 5,411 40,704
Capital and reserves
Profit and loss account 5,411 40,704
Shareholder's funds 5,411 40,704
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mitchell John Jamieson
Director
Approved by the board on 28 January 2025
Arroware Ltd
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets
Tangible fixed assets are measured at cost less cumulative depreciation and any cumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment, fixtures & fittings 20% reducing balance basis
Motor vehicles 25% straight line basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Equipment, fixtures & fittings Motor vehicles Total
£ £ £
Cost
At 1 August 2023 1,111 15,974 17,085
Disposals - (15,974) (15,974)
At 31 July 2024 1,111 - 1,111
Depreciation
At 1 August 2023 226 4,837 5,063
Charge for the year 107 - 107
On disposals - (4,837) (4,837)
At 31 July 2024 333 - 333
Net book value
At 31 July 2024 778 - 778
At 31 July 2023 885 11,137 12,022
4 Debtors 2024 2023
£ £
Trade debtors - 11,757
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax (1,840) 16,756
Other taxes and social security costs (1,716) 13,448
Other creditors 2,410 1,714
(1,146) 31,918
6 Other information
Arroware Ltd is a private company limited by shares and incorporated in England. Its registered office is:
79 Norreys Road
Cumnor
Oxford
Oxfordshire
OX2 9PU
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