REGISTERED NUMBER: 10640378 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 26 FEBRUARY 2025

FOR

ARC CORNWALL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs. M A Boyne

M L Boyne

SECRETARY:

REGISTERED OFFICE:

92 Nore Road

Portishead

Bristol

BS20 8DX

REGISTERED NUMBER:

10640378 (England and Wales)

ACCOUNTANTS:

Lapin Associates Limited

92 Nore Road

Portishead

Bristol

BS208DX

FIXED ASSETS

Tangible assets

4

4,746

4,369

CURRENT ASSETS

Stocks

25,222

34,472

Debtors

5

1,336

5,480

Cash at bank

29,450

34,098

56,008

74,050

CREDITORS

Amounts falling due within one year

6

21,971

23,609

NET CURRENT ASSETS

34,037

50,441

TOTAL ASSETS LESS CURRENT LIABILITIES

38,783

54,810

CREDITORS

Amounts falling due after more than one year

7

2,814

12,637

NET ASSETS

35,969

42,173

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

35,869

42,073

35,969

42,173

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 26 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 26 February 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 10 November 2025 and were signed on its behalf by:

Mrs. M A Boyne - Director

M L Boyne - Director

1.	STATUTORY INFORMATION

Arc Cornwall 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.

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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 27 February 2024

16,347

Additions

1,958

At 26 February 2025

18,305

DEPRECIATION

At 27 February 2024

11,978

Charge for year

1,581

At 26 February 2025

13,559

NET BOOK VALUE

At 26 February 2025

4,746

At 26 February 2024

4,369

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

830

4,028

Other debtors

506

1,452

1,336

5,480

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

4,747

6,639

Taxation and social security

6,849

601

Other creditors

375

6,369

21,971

23,609

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

2,814

12,637