Company Registration No. 11507044 (England and Wales)
ARG BUSINESS ASSOCIATES LIMITED
Unaudited accounts
for the year ended 31 August 2024
ARG BUSINESS ASSOCIATES LIMITED
Unaudited accounts
Contents
ARG BUSINESS ASSOCIATES LIMITED
Company Information
for the year ended 31 August 2024
Directors
Mr Rajeev Nair
Mr Ashok Ramchandran
Company Number
11507044 (England and Wales)
Registered Office
28 LON Y BERLLAN
ABERGELE
LL22 7JF
WALES
ARG BUSINESS ASSOCIATES LIMITED
Statement of financial position
as at 31 August 2024
Tangible assets
275,831
279,775
Cash at bank and in hand
43,096
89,804
Creditors: amounts falling due within one year
(60,462)
(67,231)
Net current assets
67,299
105,202
Total assets less current liabilities
343,131
385,113
Creditors: amounts falling due after more than one year
(33,181)
(128,028)
Net assets
309,950
257,085
Called up share capital
120
120
Profit and loss account
309,830
256,965
Shareholders' funds
309,950
257,085
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 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 25 April 2025 and were signed on its behalf by
Mr Rajeev Nair
Director
Company Registration No. 11507044
ARG BUSINESS ASSOCIATES LIMITED
Notes to the Accounts
for the year ended 31 August 2024
ARG BUSINESS ASSOCIATES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11507044. The registered office is 28 LON Y BERLLAN, ABERGELE, LL22 7JF, WALES.
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
Plant & machinery -20% on reducing balance method
Motor vehicles
Motor Vehicle -20% on reducing balance method
Fixtures & fittings
Furniture - 20% on reducing balance method
Computer equipment
Equipment - 20% on reducing balance method
Other tangible fixed assets
Other tangible fixed assets- 20% on reducing balance method
Intangible assets represent goodwill at cost less accumulated amortisation.
Amortisation over period of 5 years
.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
ARG BUSINESS ASSOCIATES LIMITED
Notes to the Accounts
for the year ended 31 August 2024
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2023
259,749
34,601
16,067
310,417
At 31 August 2024
259,749
34,601
16,067
310,417
At 1 September 2023
-
21,582
9,060
30,642
Charge for the year
-
2,542
1,402
3,944
At 31 August 2024
-
24,124
10,462
34,586
At 31 August 2024
259,749
10,477
5,605
275,831
At 31 August 2023
259,749
13,019
7,007
279,775
Amounts falling due within one year
Trade debtors
20,819
19,112
Amounts falling due after more than one year
Trade debtors
56,200
56,200
ARG BUSINESS ASSOCIATES LIMITED
Notes to the Accounts
for the year ended 31 August 2024
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,000
14,250
Trade creditors
2,577
2,576
Taxes and social security
24,960
21,709
Other creditors
4,401
5,172
Loans from directors
23,222
23,222
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 24 (2023: 21).