Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-31true4The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsefalse2023-09-13Provision of business servicestrue 15136740 2023-09-12 15136740 2023-09-13 2024-12-31 15136740 2023-01-01 2023-09-12 15136740 2024-12-31 15136740 c:Director2 2023-09-13 2024-12-31 15136740 d:CurrentFinancialInstruments 2024-12-31 15136740 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 15136740 d:ShareCapital 2024-12-31 15136740 d:RetainedEarningsAccumulatedLosses 2024-12-31 15136740 c:OrdinaryShareClass1 2023-09-13 2024-12-31 15136740 c:OrdinaryShareClass1 2024-12-31 15136740 c:FRS102 2023-09-13 2024-12-31 15136740 c:AuditExempt-NoAccountantsReport 2023-09-13 2024-12-31 15136740 c:FullAccounts 2023-09-13 2024-12-31 15136740 c:PrivateLimitedCompanyLtd 2023-09-13 2024-12-31 15136740 e:PoundSterling 2023-09-13 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 15136740









ARCOVA LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2024

 
ARCOVA LTD
REGISTERED NUMBER: 15136740

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
22,707

Cash at bank and in hand
 5 
553

  
23,260

Creditors: amounts falling due within one year
 6 
(20,470)

Net current assets
  
 
 
2,790

Total assets less current liabilities
  
2,790

  

Net assets
  
2,790


Capital and reserves
  

Called up share capital 
 7 
120

Profit and loss account
  
2,670

  
2,790


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



Y Shi
Director

Date: 12 June 2025

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
ARCOVA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

1.


General information

The principal activity of Arcova Ltd (''The Company'') is the provision of business services.
The Company is a private company, limited by shares, incorporated in England and Wales. 
The registered office is 80 Coleman Street, London, EC2R 5BJ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis, which assumes that the Company will continue to trade for the foreseeable future, being a period of at least twelve months from the date of approval of these financial statements, and will be able to meet its debts as they fall due.
The director has reviewed forecasts and budgets and is confident of the Company's ability to continue trading as a going concern for the foreseeable future. The Company keeps its management accounts under constant review to ensure that no further action or changes are required to the business in order for it to continue as a going concern. Based on the results to date and future projections, the director is confident that the Company will continue to meet its liabilities as they fall due. As a result, the director has prepared the financial statements on a going concern basis.

 
2.3

Revenue recognition

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 
Revenue is recognised in the period which the services are provided. 

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 2

 
ARCOVA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors 
(i) Financial assets 
Basic financial assets, including trade and other debtors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest
Such assets are subsequently carried at amortised cost using the effective interest method. At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the Statement of Income of Retained Earnings. 
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) contrl of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. 
(ii) Financial liabilities 
Basic financial liabilities, including trade creditors and accruals, are initially recognised at transaction price, unless the arrangement consititutes a financing transaction, where the debt instrument is measured at the present value of future receipts discounted at a market rate of interest. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. 
 
Page 3

 
ARCOVA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.7
Financial instruments (continued)

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
(iii) Offsetting 
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net bsis or to realise the asset and ettle the liability simultaneously. 


3.


Employees

The average monthly number of employees, including directors, during the period was 4.


4.


Debtors

2024
£


Trade debtors
21,192

Other debtors
194

Prepayments
1,321

22,707



5.


Cash and cash equivalents

2024
£

Cash at bank and in hand
553


Page 4

 
ARCOVA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

6.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
86

Corporation tax
740

Other taxation and social security
6,925

Other creditors
483

Accruals
12,236

20,470



7.


Share capital

2024
£
Authorised, allotted, called up and fully paid


120 Ordinary shares of £1.00 each
120


120 Ordinary shares with nominal value of £1 each were issued at par during the period.


8.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held seperately from those of the Company in an independently administered fund. Contributions totalling £483 were payable to the fund at the Statement of Financial Position date and are included in creditors


9.


Related party transactions

Included within trade debtors is a balance of £21,192 owed from companies with common shareholders. The balance is unsecured and interest free with no fixed repayment terms.

 
Page 5