REGISTERED NUMBER: 02329465 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ARK CLS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A L Bennetton

SECRETARY:

Mrs J Blood

REGISTERED OFFICE:

Bedford I-Lab

Priory Business Park

Stannard Way

Bedford

MK44 3RZ

REGISTERED NUMBER:

02329465 (England and Wales)

ACCOUNTANTS:

Wright Connections Limited

Bedford I-Lab

Priory Business Park

Stannard Way

Bedford

Bedfordshire

MK44 3RZ

BANKERS:

NatWest

Milton Keynes

FIXED ASSETS

Tangible assets

4

57,449

77,419

CURRENT ASSETS

Debtors

5

169,209

134,312

Cash at bank and in hand

272,498

174,851

441,707

309,163

CREDITORS

Amounts falling due within one year

6

227,564

167,610

NET CURRENT ASSETS

214,143

141,553

TOTAL ASSETS LESS CURRENT LIABILITIES

271,592

218,972

CREDITORS

Amounts falling due after more than one year

7

-

(1,429

)

PROVISIONS FOR LIABILITIES

(7,568

)

(5,957

)

NET ASSETS

264,024

211,586

CAPITAL AND RESERVES

Called up share capital

8

30,000

30,000

Retained earnings

234,024

181,586

SHAREHOLDERS' FUNDS

264,024

211,586

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 September 2025 and were signed by:

A L Bennetton - Director

1.	STATUTORY INFORMATION

ARK CLS LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The presentation currency of the financial statements is the Pound Sterling (£).

Monetary amounts in these financial statements are rounded to the nearest £.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

Revenue from the sale of licences is recognised when control of the licences have transferred to the buyer, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company, the costs incurred or to be incurred in respect of the transaction can be measure reliably and there is no unfulfilled obligation that could affect the buyer's acceptance of the licence.

Revenue from providing maintenance services, where obligations are satisfied over time, is recognised on a straight line basis over the life of the contract.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost, 25% on cost and 20% on cost

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Foreign tax suffered is reclaimed wherever possible by reclaiming the lower of the amount of UK tax due on the profits on the relevant foreign sales and the actual foreign tax paid but only if the company has taxable profits. Foreign tax paid is treated as an expenses and tax relief claimed thereon where there the company has insufficient taxable profits in that year.

Unrecoverable foreign tax suffered is shown as an exception tax charge.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Other accounting policies

Debtors Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. Creditors Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

246,414

DEPRECIATION

At 1 January 2024

168,995

Charge for year

19,970

At 31 December 2024

188,965

NET BOOK VALUE

At 31 December 2024

57,449

At 31 December 2023

77,419

5.

DEBTORS

31.12.24

31.12.23

£

£

Amounts falling due within one year:

Trade debtors

122,672

98,269

Other debtors

46,252

36,043

168,924

134,312

Amounts falling due after more than one year:

Other debtors

285

-

Aggregate amounts

169,209

134,312

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

35,777

11,365

Taxation and social security

10,142

5,519

Other creditors

181,645

150,726

227,564

167,610

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Other creditors

-

1,429

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

30,000

Ordinary

£1

30,000

30,000

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

A L Bennetton

Balance outstanding at start of year

-

5,736

Amounts repaid

-

(5,736

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

Interest was charged at the HMRC official interest rate. All amounts were fully repaid within nine months of 31 December 2022.

10.	RELATED PARTY DISCLOSURES

Other Creditors includes an amount of £12,093 (2023: £11,792) owed to the director which is interest free and repayable on demand.