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Company Registration No. 14248953 (England and Wales)
ARC Engineering Ltd Unaudited accounts for the year ended 31 October 2024
ARC Engineering Ltd Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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ARC Engineering Ltd Company Information for the year ended 31 October 2024
Director
Mohammad Shahzad
Company Number
14248953 (England and Wales)
Registered Office
931 Eastern Avenue Ilford Essex IG2 7SB
Accountants
Prime Business Services 300 Wanstead Park Road Redbridge Essex IG1 3TU
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ARC Engineering Ltd Accountants' report
Accountants' report to the director of ARC Engineering Ltd on the preparation of the unaudited statutory accounts for the year ended 31 October 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ARC Engineering Ltd for the year ended 31 October 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of ARC Engineering Ltd, as a body, in accordance with the terms of our engagement letter dated 22 July 2022. Our work has been undertaken solely to prepare for your approval the accounts of ARC Engineering Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ARC Engineering Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that ARC Engineering Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of ARC Engineering Ltd. You consider that ARC Engineering Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of ARC Engineering Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Prime Business Services 300 Wanstead Park Road Redbridge Essex IG1 3TU 25 May 2025
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ARC Engineering Ltd Statement of financial position as at 31 October 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
6,438
8,048
Investment property
5
135,124
26,408
141,562
34,456
Current assets
Debtors
6
-
8,055
Cash at bank and in hand
17,867
31,351
17,867
39,406
Creditors: amounts falling due within one year
7
(7,605)
(20,525)
Net current assets
10,262
18,881
Total assets less current liabilities
151,824
53,337
Creditors: amounts falling due after more than one year
8
(31,868)
-
Net assets
119,956
53,337
Capital and reserves
Called up share capital
100
100
Profit and loss account
119,856
53,237
Shareholders' funds
119,956
53,337
For the year ending 31 October 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 director acknowledges his 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 and authorised for issue on 25 May 2025 and were signed on its behalf by
Mohammad Shahzad Director Company Registration No. 14248953
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ARC Engineering Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
ARC Engineering Ltd is a private company, limited by shares, registered in England and Wales, registration number 14248953. The registered office is 931, Eastern Avenue, Ilford, Essex, IG2 7SB.
2
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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:
Fixtures & fittings
20%
Computer equipment
20%
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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ARC Engineering Ltd Notes to the Accounts for the year ended 31 October 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 November 2023
5,500
4,560
10,060
At 31 October 2024
5,500
4,560
10,060
Depreciation
At 1 November 2023
1,100
912
2,012
Charge for the year
880
730
1,610
At 31 October 2024
1,980
1,642
3,622
Net book value
At 31 October 2024
3,520
2,918
6,438
At 31 October 2023
4,400
3,648
8,048
5
Investment property
2024
£
Fair value at 1 November 2023
26,408
Additions
108,716
At 31 October 2024
135,124
Freehold Property in Manchester under renovation.
6
Debtors
2024
2023
£
£
Amounts falling due within one year
Other debtors
-
8,055
7
Creditors: amounts falling due within one year
2024
2023
£
£
VAT
4,105
6,045
Taxes and social security
-
10,980
Accruals
3,500
3,500
7,605
20,525
8
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
31,868
-
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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