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REGISTERED NUMBER: 11099357 (England and Wales)















Arfid UK Limited

Unaudited Financial Statements

for the Year Ended 31 December 2024






Arfid UK Limited (Registered number: 11099357)

Contents of the Financial Statements
for the year ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Arfid UK Limited

Company Information
for the year ended 31 December 2024







Director: D Dobrodeliev





Registered office: 71-75 Shelton Street
Covent Garden
London
WC2H 9JQ





Registered number: 11099357 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Arfid UK Limited (Registered number: 11099357)

Balance Sheet
31 December 2024

2024 2023
Notes £ £ £
Fixed assets
Tangible assets 4 463 539

Current assets
Debtors 5 257 37,094
Cash at bank 3,233 2,214
3,490 39,308
Creditors
Amounts falling due within one year 6 41,091 71,558
Net current liabilities (37,601 ) (32,250 )
Total assets less current liabilities (37,138 ) (31,711 )

Capital and reserves
Called up share capital 7 100 100
Retained earnings 8 (37,238 ) (31,811 )
Shareholders' funds (37,138 ) (31,711 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 May 2025 and were signed by:





D Dobrodeliev - Director


Arfid UK Limited (Registered number: 11099357)

Notes to the Financial Statements
for the year ended 31 December 2024


1. Statutory information

Arfid UK 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.

Going Concern
The director has indicated that he will continue to provide financial support for the foreseeable future. Therefore the financial statements have been prepared on a going concern basis and they do not include any adjustments which may be necessary should the going concern basis of accounting no longer be appropriate.

Turnover
Turnover represents amounts receivable for services provided in the year and is stated net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Arfid UK Limited (Registered number: 11099357)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


2. Accounting policies - continued

Financial instruments
Financial assets and liabilities are recognised when the Company becomes party to the contractual provisions of the financial instrument. The Company holds both basic financial instruments which comprise cash and cash equivalents, trade and other receivables, equity investments, trade and other payables, and loans and borrowings. The company has chosen to apply the provisions of Section 11 Basic Financial Instruments in full.

Financial assets - classified as basic financial instruments
(i) Cash and cash equivalents include cash in hand, deposits held with banks, and other short-term highly liquid investments with original maturities of three months or less.

(ii) Trade and other receivables
Trade and other receivables are initially recognised at the transaction price, including any transaction costs, and subsequently measured at amortised cost including the effective interest method, less any provision for impairment. Amounts that are receivable within one year are measured at the undiscounted amount of the cash expected to be received, net of any impairment.

At the end of each reporting period, the Company assesses whether there is objective evidence that an receivable amount may be impaired. A provision for impairment is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables. The amount of the provision is the difference between the asset's carrying amount and the present value of the estimated future cash flows, discounted at the effective interest rate. The amount of the provision is recognised immediately in profit or loss.

(iii) Equity investments
Equity investments comprise ordinary shares, not publicly traded in active markets for which a reliable fair value cannot be measured reliably. Equity investments are initially recognised at fair value, which is the transaction price excluding transaction costs and are subsequently measured at fair value through profit or loss.

(iv) Trade and other payables and loans and borrowings
Trade and other payables and loans and borrowings are initially measured at the transaction price, including any transaction costs, and subsequently measured at amortised cost using the effective interest method. Amounts that are payable within one year are measured at the discounted amount of the cash expected to be paid.

Equity
Equity instruments are classified in accordance with the substance of contractual agreement. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Equity instruments issued by the Company are recorded at the fair value of the cash or other resources received or receivable, net of direct costs of issuing the equity instruments.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

Arfid UK Limited (Registered number: 11099357)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


4. Tangible fixed assets
Computer
equipment
£
Cost
At 1 January 2024 808
Additions 290
At 31 December 2024 1,098
Depreciation
At 1 January 2024 269
Charge for year 366
At 31 December 2024 635
Net book value
At 31 December 2024 463
At 31 December 2023 539

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors - 37,094
Other debtors 257 -
257 37,094

6. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 27,859 39,740
Taxation and social security - 5,856
Other creditors 13,232 25,962
41,091 71,558

7. Called up share capital

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

8. Reserves
Retained
earnings
£

At 1 January 2024 (31,811 )
Deficit for the year (5,427 )
At 31 December 2024 (37,238 )

Arfid UK Limited (Registered number: 11099357)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


9. Related party disclosures

Included in other creditors is £10,162 (2023 : £21,068) owed to the company director.