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No description of principal activity
2023-07-01
Sage Accounts Production Advanced 2024 - FRS102_2024
xbrli:pure
xbrli:shares
iso4217:GBP
03748110
2023-07-01
2024-06-30
03748110
2024-06-30
03748110
2023-06-30
03748110
2022-07-01
2023-06-30
03748110
2023-06-30
03748110
2022-06-30
03748110
core:PlantMachinery
2023-07-01
2024-06-30
03748110
core:FurnitureFittings
2023-07-01
2024-06-30
03748110
bus:LeadAgentIfApplicable
2023-07-01
2024-06-30
03748110
bus:Director1
2023-07-01
2024-06-30
03748110
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-06-30
03748110
core:PlantMachinery
2023-06-30
03748110
core:FurnitureFittings
2023-06-30
03748110
core:FurnitureFittings
2024-06-30
03748110
core:WithinOneYear
2024-06-30
03748110
core:WithinOneYear
2023-06-30
03748110
core:AfterOneYear
2024-06-30
03748110
core:AfterOneYear
2023-06-30
03748110
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-07-01
2024-06-30
03748110
core:ShareCapital
2024-06-30
03748110
core:ShareCapital
2023-06-30
03748110
core:RetainedEarningsAccumulatedLosses
2024-06-30
03748110
core:RetainedEarningsAccumulatedLosses
2023-06-30
03748110
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-06-30
03748110
core:PlantMachinery
2023-06-30
03748110
core:FurnitureFittings
2023-06-30
03748110
bus:SmallEntities
2023-07-01
2024-06-30
03748110
bus:AuditExemptWithAccountantsReport
2023-07-01
2024-06-30
03748110
bus:SmallCompaniesRegimeForAccounts
2023-07-01
2024-06-30
03748110
bus:PrivateLimitedCompanyLtd
2023-07-01
2024-06-30
03748110
bus:FullAccounts
2023-07-01
2024-06-30
COMPANY REGISTRATION NUMBER:
03748110
|
Filleted Unaudited Financial Statements |
|
Year ended 30 June 2024
|
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements |
1 |
|
|
|
Statement of financial position |
2 to 3 |
|
|
|
Notes to the financial statements |
4 to 7 |
|
|
|
Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
Arkhive Limited |
|
Year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Arkhive Limited for the year ended 30 June 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Arkhive Limited, as a body, in accordance with the terms of our engagement letter dated 27 March 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Arkhive Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Arkhive Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Arkhive Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Arkhive Limited. You consider that Arkhive Limited 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 financial statements of Arkhive Limited. 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 financial statements.
HEBBLETHWAITES
Chartered accountants
2 Westbrook Court
Sharrow Vale Road
Sheffield
S11 8YZ
23 June 2025
|
Statement of Financial Position |
|
30 June 2024
Fixed assets
|
Tangible assets |
4 |
498 |
391,966 |
|
|
|
|
Current assets
|
Debtors |
5 |
290,029 |
1,928 |
|
Cash at bank and in hand |
350 |
128 |
|
--------- |
------- |
|
290,379 |
2,056 |
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
84,419 |
104,533 |
|
--------- |
--------- |
|
Net current assets/(liabilities) |
205,960 |
(
102,477) |
|
--------- |
--------- |
|
Total assets less current liabilities |
206,458 |
289,489 |
|
|
|
|
|
Creditors: amounts falling due after more than one year |
7 |
207,228 |
499,556 |
|
--------- |
--------- |
|
Net liabilities |
(
770) |
(
210,067) |
|
--------- |
--------- |
|
|
|
|
|
Statement of Financial Position (continued) |
|
30 June 2024
Capital and reserves
|
Called up share capital |
100 |
100 |
|
Profit and loss account |
(
870) |
(
210,167) |
|
---- |
--------- |
|
Shareholders deficit |
(
770) |
(
210,067) |
|
---- |
--------- |
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
23 June 2025
, and are signed on behalf of the board by:
Company registration number:
03748110
|
Notes to the Financial Statements |
|
Year ended 30 June 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 15 Napier Street, Sheffield, S11 8HA.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
At the year end date, the company Statement of Financial Position reflects a net liability position. Despite this, the accounts have been prepared on the going concern basis which assumes that the company can meet its' financial obligations as they fall due. The directors are of the opinion that this policy remains valid given the ongoing support provided to the company by the directors and families.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Plant and machinery |
- |
10% reducing balance |
|
Fixtures and fittings |
- |
25% reducing balance |
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Tangible assets
|
Freehold property |
Plant and machinery |
Fixtures and fittings |
Total |
|
£ |
£ |
£ |
£ |
|
Cost |
|
|
|
|
|
At 1 July 2023 |
355,858 |
248,451 |
(
10,017) |
594,292 |
|
Disposals |
(
355,858) |
(
248,451) |
– |
(
604,309) |
|
--------- |
--------- |
-------- |
--------- |
|
At 30 June 2024 |
– |
– |
(
10,017) |
(
10,017) |
|
--------- |
--------- |
-------- |
--------- |
|
Depreciation |
|
|
|
|
|
At 1 July 2023 |
– |
213,008 |
(
10,682) |
202,326 |
|
Charge for the year |
– |
1,624 |
167 |
1,791 |
|
Disposals |
– |
(
214,632) |
– |
(
214,632) |
|
--------- |
--------- |
-------- |
--------- |
|
At 30 June 2024 |
– |
– |
(
10,515) |
(
10,515) |
|
--------- |
--------- |
-------- |
--------- |
|
Carrying amount |
|
|
|
|
|
At 30 June 2024 |
– |
– |
498 |
498 |
|
--------- |
--------- |
-------- |
--------- |
|
At 30 June 2023 |
355,858 |
35,443 |
665 |
391,966 |
|
--------- |
--------- |
-------- |
--------- |
|
|
|
|
|
5.
Debtors
|
2024 |
2023 |
|
£ |
£ |
|
Trade debtors |
– |
1,212 |
|
Other debtors |
290,029 |
716 |
|
--------- |
------- |
|
290,029 |
1,928 |
|
--------- |
------- |
|
|
|
6.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
|
Bank loans and overdrafts |
– |
10,770 |
|
Other creditors |
84,419 |
93,763 |
|
-------- |
--------- |
|
84,419 |
104,533 |
|
-------- |
--------- |
|
|
|
7.
Creditors:
amounts falling due after more than one year
|
2024 |
2023 |
|
£ |
£ |
|
Bank loans and overdrafts |
– |
309,365 |
|
Other creditors |
207,228 |
190,191 |
|
--------- |
--------- |
|
207,228 |
499,556 |
|
--------- |
--------- |
|
|
|
8.
Directors' advances, credits and guarantees
At the year end date and included as 'other creditors' at note 9 above are loans from the directors and family totalling £207,228 (2023: £190,191). These loans are not subject to formal repayment terms if, as agreed, not to be repaid until at least twelve months after the accounting reference date, and are not subject to interest charges.
9.
Related party transactions
Included within 'other creditors' at note 7 above is a loan liability to a related party company in the sum of £76,970 (2023: £72,720). The loan is not subject to any formal repayment terms and interest is not being charged or accrued thereon.