REGISTERED NUMBER: 06592922 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

ARG IT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A B Byrne

S Byrne

REGISTERED OFFICE:

89 Buckingham Road

Shoreham By Sea

West Sussex

BN43 5UD

REGISTERED NUMBER:

06592922 (England and Wales)

ACCOUNTANTS:

Galloways Accounting Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Tangible assets

4

2,989

4,747

CURRENT ASSETS

Debtors

5

17,914

16,262

Cash at bank

41,191

136

59,105

16,398

CREDITORS

Amounts falling due within one year

6

(16,486

)

(10,112

)

NET CURRENT ASSETS

42,619

6,286

TOTAL ASSETS LESS CURRENT LIABILITIES

45,608

11,033

PROVISIONS FOR LIABILITIES

7

(568

)

(902

)

NET ASSETS

45,040

10,131

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

44,940

10,031

45,040

10,131

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 December 2025 and were signed on its behalf by:

A B Byrne - Director

1.	STATUTORY INFORMATION

ARG IT 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.

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

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.

Turnover

Turnover represents revenue recognised in the accounts excluding value added tax. Services are performed gradually over time so revenue is recognised as the company fulfils its contractual obligations and activity progresses by reference to the value of work performed.

Tangible fixed assets

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

Fixtures and fittings

-

33% on cost

Bicycle

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

Bicycle

equipment

Totals

£

£

£

£

COST

At 1 June 2024

1,692

4,844

5,730

12,266

Additions

-

-

533

533

At 31 May 2025

1,692

4,844

6,263

12,799

DEPRECIATION

At 1 June 2024

1,396

3,175

2,948

7,519

Charge for year

111

417

1,763

2,291

At 31 May 2025

1,507

3,592

4,711

9,810

NET BOOK VALUE

At 31 May 2025

185

1,252

1,552

2,989

At 31 May 2024

296

1,669

2,782

4,747

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

17,914

16,262

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

13,461

6,516

Other creditors

3,025

3,596

16,486

10,112

7.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

568

902

Deferred

tax

£

Balance at 1 June 2024

902

Movement in year

(334

)

Balance at 31 May 2025

568

8.	RELATED PARTY DISCLOSURES

Included in other debtors is a loan to Dukey Limited of £5,950 (2024: £15,800), A B Byrne and S Byrne are directors of both Dukey Limited and ARG IT Limited.

9.	ULTIMATE CONTROLLING PARTY

During the year the company was under the control of A B Byrne and S Byrne, the directors of the company.