Company Registration No. 12864591 (England and Wales)
Arwen AI Limited
Unaudited accounts
for the year ended 30 September 2024
Arwen AI Limited
Unaudited accounts
Contents
Arwen AI Limited
Company Information
for the year ended 30 September 2024
Directors
Matthew McGrory
David Cole
Paul Donald Richardson
Robert Simon Lloyd Fox
Joel Mark Bailey
Company Number
12864591 (England and Wales)
Registered Office
Unit 11 Riverside Park Industrial Estate
Dogflud Way
Farnham
GU9 7UG
GB
Arwen AI Limited
Statement of financial position
as at 30 September 2024
Tangible assets
10,423
7,135
Cash at bank and in hand
170,504
39,892
Creditors: amounts falling due within one year
(288,667)
(180,793)
Net current assets
26,526
14,385
Total assets less current liabilities
36,949
21,520
Creditors: amounts falling due after more than one year
(356,446)
(127,147)
Net liabilities
(319,497)
(105,627)
Called up share capital
227
207
Share premium
1,953,474
1,437,126
Profit and loss account
(2,273,198)
(1,542,960)
Shareholders' funds
(319,497)
(105,627)
For the year ending 30 September 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 30 April 2025 and were signed on its behalf by
Matthew McGrory
Director
Company Registration No. 12864591
Arwen AI Limited
Notes to the Accounts
for the year ended 30 September 2024
Arwen AI Limited is a private company, limited by shares, registered in England and Wales, registration number 12864591. The registered office is Unit 11 Riverside Park Industrial Estate, Dogflud Way, Farnham, GU9 7UG, GB.
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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.
These financial statements for the year ended 30 September 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 October 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Arwen AI Limited
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Computer equipment
At 30 September 2024
20,844
At 30 September 2024
10,421
At 30 September 2024
10,423
At 30 September 2023
7,135
Amounts falling due within one year
Trade debtors
39,661
55,909
Accrued income and prepayments
101,678
18,858
Other debtors
3,350
80,519
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
(21,282)
31,022
Taxes and social security
35,877
45,323
Deferred income
247,041
78,925
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Creditors: amounts falling due after more than one year
2024
2023
Other creditors
356,446
127,147
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Average number of employees
During the year the average number of employees was 11 (2023: 11).