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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
Page
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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
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ARG BUSINESS ASSOCIATES LIMITED Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
1 
136 
Tangible assets
275,831 
279,775 
275,832 
279,911 
Current assets
Debtors
84,665 
82,629 
Cash at bank and in hand
43,096 
89,804 
127,761 
172,433 
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 
Capital and reserves
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
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ARG BUSINESS ASSOCIATES LIMITED Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Land & buildings
at Cost
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 fixed assets
Intangible assets represent goodwill at cost less accumulated amortisation. Amortisation over period of 5 years .
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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ARG BUSINESS ASSOCIATES LIMITED Notes to the Accounts for the year ended 31 August 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 September 2023
676 
At 31 August 2024
676 
Amortisation
At 1 September 2023
540 
Charge for the year
135 
At 31 August 2024
675 
Net book value
At 31 August 2024
1 
At 31 August 2023
136 
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 
Depreciation
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 
Net book value
At 31 August 2024
259,749 
10,477 
5,605 
275,831 
At 31 August 2023
259,749 
13,019 
7,007 
279,775 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
20,819 
19,112 
Other debtors
7,646 
7,317 
28,465 
26,429 
Amounts falling due after more than one year
Trade debtors
56,200 
56,200 
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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 
Accruals
302 
302 
60,462 
67,231 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
33,181 
128,028 
9
Average number of employees
During the year the average number of employees was 24 (2023: 21).
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