Company Registration No. SC433574 (Scotland)
ARC SYSTEMS (SCOTLAND) LIMITED
Unaudited accounts
for the year ended 31 August 2024
ARC SYSTEMS (SCOTLAND) LIMITED
Unaudited accounts
Contents
ARC SYSTEMS (SCOTLAND) LIMITED
Company Information
for the year ended 31 August 2024
Director
James Joseph Bain Affleck
Company Number
SC433574 (Scotland)
Registered Office
4th Floor
176 Bath Street
Glasgow
G2 4HG
Scotland
Accountants
TaxKings (West) Ltd
58 Portland Street
Kilmarnock
KA11JG
ARC SYSTEMS (SCOTLAND) LIMITED
Statement of financial position
as at 31 August 2024
Cash at bank and in hand
5,670
3,939
Creditors: amounts falling due within one year
11,581
12,306
Net current assets
31,868
29,477
Total assets less current liabilities
32,739
33,689
Creditors: amounts falling due after more than one year
(32,738)
(33,688)
Called up share capital
1
1
For the year ending 31 August 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 29 May 2025 and were signed on its behalf by
James Joseph Bain Affleck
Director
Company Registration No. SC433574
ARC SYSTEMS (SCOTLAND) LIMITED
Notes to the Accounts
for the year ended 31 August 2024
ARC SYSTEMS (SCOTLAND) LIMITED is a private company, limited by shares, registered in Scotland, registration number SC433574. The registered office is 4th Floor, 176 Bath Street, Glasgow, G2 4HG, Scotland.
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.
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.
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.
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:
Plant & machinery
33% on cost
Motor vehicles
20% on cost
Computer equipment
33% on cost
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2023
-
7,990
888
8,878
Disposals
-
(7,990)
(888)
(8,878)
At 31 August 2024
458
-
849
1,307
At 1 September 2023
-
4,187
479
4,666
Charge for the year
153
1,598
488
2,239
On disposals
-
(5,785)
(684)
(6,469)
At 31 August 2024
153
-
283
436
At 31 August 2024
305
-
566
871
At 31 August 2023
-
3,803
409
4,212
ARC SYSTEMS (SCOTLAND) LIMITED
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
Other debtors
14,617
13,232
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,700
5,700
Taxes and social security
(27,249)
(19,173)
Other creditors
4,350
5,076
Loans from directors
(46,115)
(56,663)
7
Creditors: amounts falling due after more than one year
2024
2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
James Joseph Bain Affleck
Loan
56,663
-
10,548
46,115
9
Average number of employees
During the year the average number of employees was 1 (2023: 0).