Registered number
15327516
Arwain Consulting Ltd
Filleted Accounts
31 December 2024
Arwain Consulting Ltd
Registered number: 15327516
Balance Sheet
as at 31 December 2024
Notes 2024
£
Fixed assets
Tangible assets 3 2,839
Current assets
Work in progress 1,417
Debtors 4 3,069
Cash at bank and in hand 105,410
109,896
Creditors: amounts falling due within one year 5 (32,211)
Net current assets 77,685
Total assets less current liabilities 80,524
Provisions for liabilities (752)
Net assets 79,772
Capital and reserves
Called up share capital 100
Profit and loss account 79,672
Shareholders' funds 79,772
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Ivor Twydell
Director
Approved by the board on 4 June 2025
Arwain Consulting Ltd
Notes to the Accounts
for the period from 4 December 2023 to 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative 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:
Computer Equipment over 3 years
Work in Progress
Work in Progress are works underway at the yearend but not completed. Work in Progress is valued at full contract price multiplied by the percentage of work completed.
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024
Number
Average number of persons employed by the company 1
3 Tangible fixed assets
Computer Equipment
£
Cost
Additions 4,258
At 31 December 2024 4,258
Depreciation
Charge for the period 1,419
At 31 December 2024 1,419
Net book value
At 31 December 2024 2,839
4 Debtors 2024
£
Trade debtors 2,544
Other debtors 525
3,069
5 Creditors: amounts falling due within one year 2024
£
Taxation and social security costs 30,848
Other creditors 1,363
32,211
6 Related party transactions
None Noted
7 Transactions with Director
During the year Ivor Twydell used a current account with the company to record amounts due to him and amounts drawn by him. The account shows an amount owing back to Ivor Twydell as director as at 31st December 2024 of £61.99. The amounts are repayable on demand and do not carry interest.
8 Controlling party
Ivor Twydell is the sole director and shareholder and is therefore the company's ultimate controlling party.
9 Other information
Arwain Consulting Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is:
The Old Bank
Beaufort Street
Crickhowell
Powys
NP8 1AD
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