Company Registration No. 01284322 (England and Wales)
Arcturus Building and Construction Limited
Unaudited accounts
for the year ended 30 September 2024
Arcturus Building and Construction Limited
Unaudited accounts
Contents
Arcturus Building and Construction Limited
Company Information
for the year ended 30 September 2024
Directors
N Pinder
M Pinder
GF Pinder
J Pinder
Company Number
01284322 (England and Wales)
Registered Office
Pickade House, Risborough Road
Great Kimble
Aylesbury
Bucks
HP17 0XS
England
Arcturus Building and Construction Limited
Statement of financial position
as at 30 September 2024
Tangible assets
26,536
20,405
Investment property
185,000
185,000
Cash at bank and in hand
205,525
249,816
Creditors: amounts falling due within one year
(27,556)
(66,705)
Net current assets
196,356
214,552
Total assets less current liabilities
407,892
419,957
Provisions for liabilities
Deferred tax
(19,185)
(17,836)
Net assets
388,707
402,121
Called up share capital
1,768
1,768
Revaluation reserve
73,439
73,439
Profit and loss account
313,500
326,914
Shareholders' funds
388,707
402,121
For the year ending 30 September 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 directors acknowledge their 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 of Directors and authorised for issue on 18 June 2025 and were signed on its behalf by
N Pinder
Director
Company Registration No. 01284322
Arcturus Building and Construction Limited
Notes to the Accounts
for the year ended 30 September 2024
Arcturus Building and Construction Limited is a private company, limited by shares, registered in England and Wales, registration number 01284322. The registered office is Pickade House, Risborough Road, Great Kimble, Aylesbury, Bucks, HP17 0XS, England.
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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
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Turnover represents amounts receivable for services. Amounts receivable for services performed over time are based upon the stage of
completion of the services performed.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Arcturus Building and Construction Limited
Notes to the Accounts
for the year ended 30 September 2024
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 October 2023
8,971
30,848
1,886
12,215
53,920
Additions
13,530
-
-
1,448
14,978
At 30 September 2024
22,501
30,848
1,886
13,663
68,898
At 1 October 2023
5,848
17,833
1,859
7,975
33,515
Charge for the year
4,164
3,254
7
1,422
8,847
At 30 September 2024
10,012
21,087
1,866
9,397
42,362
At 30 September 2024
12,489
9,761
20
4,266
26,536
At 30 September 2023
3,123
13,015
27
4,240
20,405
Fair value at 1 October 2023
185,000
At 30 September 2024
185,000
The gross amount of assets held for use in operating leases amounts to £185,000 (2023: £185,000).
Cost or valuation at 30 September 2024 is represented by:
Revaluation in 2018 £60,000
Revaluation in 2017 £15,000
Revaluation in 2005 £36,500
Revaluation in 1999 £36,939
Cost £36,561
If the investment property had not been revalued it would have been included at a historical cost of £36,561 (2023 £36,561).
The investment property was valued on an open market basis on 30 September 2024 by the directors.
The directors' valuation is based upon a professional valuation carried out by Stupples, a commercial property consultant, in May 2004 together with their knowledge of the current property market.
Arcturus Building and Construction Limited
Notes to the Accounts
for the year ended 30 September 2024
Amounts falling due within one year
Accrued income and prepayments
1,852
794
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
4,099
28,102
Taxes and social security
4,549
18,950
Other creditors
4,692
5,130
Loans from directors
14,216
14,523
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Transactions with related parties
N J F Pinder and M Pinder - Directors and shareholders of the company
Amount due to the related party at the balance sheet date was £465 (2023: £753).
G F Pinder - Director
Amount due to the related party at the balance sheet date was £7,108 (2023:£7,108).
J Pinder - Director
Amount due to the related party at the balance sheet date was £7,108 (2023:£7,108).
The company has been controlled throughout the year by N J F Pinder, a director and shareholder.
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Average number of employees
During the year the average number of employees was 3 (2023: 3).