REGISTERED NUMBER: 06718393 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2024

FOR

ARC MICROTECH LIMITED

T/A

ARC MICROTECH

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

5

12,684

47,700

Tangible assets

6

6,850

4,673

19,534

52,373

CURRENT ASSETS

Stocks

371,420

279,994

Debtors

7

50,473

54,579

Cash at bank and in hand

16,952

36,515

438,845

371,088

CREDITORS

Amounts falling due within one year

8

333,934

309,988

NET CURRENT ASSETS

104,911

61,100

TOTAL ASSETS LESS CURRENT LIABILITIES

124,445

113,473

CREDITORS

Amounts falling due after more than one year

9

40,314

17,838

NET ASSETS

84,131

95,635

CAPITAL AND RESERVES

Called up share capital

11

225

225

Revaluation reserve

12

190,976

190,976

Retained earnings

12

(107,070

)

(95,566

)

SHAREHOLDERS' FUNDS

84,131

95,635

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2025 and were signed by:

Mr I D Thirkell - Director

1.	STATUTORY INFORMATION

ARC Microtech Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

06718393

Registered office:

Pharmacy Chambers

High Street

Wadhurst

East Sussex

TN5 6AP

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Intellectual property relating to patents is being amortised evenly over it's estimated useful life of 10 years.

Intellectual property relating to testing development is being amortised evenly over it's estimated useful life of 3 years.

Website is being amortised evenly over it's estimated useful life of 3 years.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Equipment

-

25% on reducing balance

All fixed assets are initially recorded at cost.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and conditions.

At each reporting date, an assessment is made for the impairment due to obsolescence or slow movement. Any excess of the carrying amount of stocks over its estimates selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, like trade and other accounts receivable and payable, loans from banks and other third parties and loans to / from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the present value of the future cash flows and subsequently measured at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted transaction price less any impairment.

If the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of the estimated cash flows discounted at the asset's original effective rate.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet and measured as detailed above.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Finance costs are charged to the profit and loss over the term of the financial asset / liability using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

Going concern

The accounts have been prepared on a going concern basis not withstanding the excess of current liabilities over current assets. The director has confirmed his intention to continue his support to the company for the foreseeable future.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

5.	INTANGIBLE FIXED ASSETS

Intellectual

property

Website

Totals

£

£

£

COST

At 1 January 2024

478,009

61,224

539,233

Additions

1,337

-

1,337

At 31 December 2024

479,346

61,224

540,570

AMORTISATION

At 1 January 2024

434,339

57,194

491,533

Amortisation for year

33,900

2,453

36,353

At 31 December 2024

468,239

59,647

527,886

NET BOOK VALUE

At 31 December 2024

11,107

1,577

12,684

At 31 December 2023

43,670

4,030

47,700

6.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

Equipment

Totals

£

£

£

COST

At 1 January 2024

7,074

23,624

30,698

Additions

-

4,177

4,177

At 31 December 2024

7,074

27,801

34,875

DEPRECIATION

At 1 January 2024

5,969

20,056

26,025

Charge for year

277

1,723

2,000

At 31 December 2024

6,246

21,779

28,025

NET BOOK VALUE

At 31 December 2024

828

6,022

6,850

At 31 December 2023

1,105

3,568

4,673

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

4,610

8,609

Other debtors

-

1,184

VAT

204

363

Deferred tax asset

34,749

31,967

Prepayments and accrued income

10,910

12,456

50,473

54,579

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

51,126

9,592

Other loans

8,974

-

Trade creditors

33,292

78,418

PAYE and social security

3,778

1,061

Other creditors

1,830

5,943

Director's current account

232,184

214,974

Accruals and deferred income

2,750

-

333,934

309,988

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

7,273

9,592

Bank loans - 2-5 years

-

8,246

Other loans - 1-2 years

17,948

-

Other loans - 2-5 years

15,093

-

40,314

17,838

10.	DEFERRED TAX

£

Balance at 1 January 2024

(31,967

)

Provided during year

(2,782

)

Balance at 31 December 2024

(34,749

)

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1,000,000

Ordinary A

0.022

p

225

225

12.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 January 2024

(95,566

)

190,976

95,410

Deficit for the year

(11,504

)

(11,504

)

At 31 December 2024

(107,070

)

190,976

83,906