REGISTERED NUMBER: 04399498 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Out Of The Ark Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Johnson

Mrs H E Johnson

Ms S M Cook

A J Copus

Mrs G L Cooke

REGISTERED OFFICE:

62 The Street

Rustington

West Sussex

BN16 3NR

REGISTERED NUMBER:

04399498 (England and Wales)

ACCOUNTANTS:

Hills & Peeks

Accountants, Business & Tax Advisers

62 The Street

Rustington

West Sussex

BN16 3NR

BANKERS:

Barclays Bank plc

8/12 Church Street

Walton-on-Thames

Surrey

KT12 2YW

FIXED ASSETS

Tangible assets

4

14,216

638,405

CURRENT ASSETS

Stocks

131,503

120,535

Debtors

5

1,182,341

829,607

Cash at bank

1,325,311

967,118

2,639,155

1,917,260

CREDITORS

Amounts falling due within one year

6

(1,263,032

)

(1,344,202

)

NET CURRENT ASSETS

1,376,123

573,058

TOTAL ASSETS LESS CURRENT LIABILITIES

1,390,339

1,211,463

CREDITORS

Amounts falling due after more than one year

7

(382,605

)

(377,824

)

NET ASSETS

1,007,734

833,639

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,007,732

833,637

SHAREHOLDERS' FUNDS

1,007,734

833,639

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 9 December 2025 and were signed on its behalf by:

M Johnson - Director

Mrs H E Johnson - Director

1.	STATUTORY INFORMATION

Out Of The Ark 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 financial statements have been prepared on a going concern basis on the assumption that the company will continue to receive the support of its directors and creditors. The directors have considered the consequences of COVID-19 and other events and conditions, and it has determined that they do not create a material uncertainty that casts significant doubt upon the company’s ability to continue as a going concern.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 and 25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 25 (2024 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

630,000

222,535

852,535

Additions

-

13,622

13,622

Disposals

(630,000

)

-

(630,000

)

At 31 March 2025

-

236,157

236,157

DEPRECIATION

At 1 April 2024

-

214,130

214,130

Charge for year

-

7,811

7,811

At 31 March 2025

-

221,941

221,941

NET BOOK VALUE

At 31 March 2025

-

14,216

14,216

At 31 March 2024

630,000

8,405

638,405

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

781,274

736,643

Amounts owed by group undertakings

334,390

33,973

Other debtors

66,677

58,991

1,182,341

829,607

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

-

546,250

Trade creditors

693,844

332,665

Taxation and social security

106,306

95,991

Other creditors

462,882

369,296

1,263,032

1,344,202

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

382,605

377,824

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company paid royalties during the year of £379,733 (2024: £337,203) to Arketype Limited, a company in which Mr & Mrs Johnson are directors and hold 100% of the issued share capital.

9.	RELATED PARTY DISCLOSURES

During the year the company made sales to Same Boat Music Limited, a company within its group, of £540 (2024: £619).

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Out of the Ark Group Limited.