Arsea LTD Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10420699

Arsea LTD

Filleted Unaudited Financial Statements

30 April 2025

Arsea LTD

Financial Statements

Year ended 30 April 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Arsea LTD

Statement of Financial Position

30 April 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	4	487	1,118

Current assets

Debtors	5	70,110	38,662

Creditors: amounts falling due within one year	6	57,793	40,959
		--------	--------
Net current assets/(liabilities)		12,317	( 2,297)
		--------	-------
Total assets less current liabilities		12,804	( 1,179)

Creditors: amounts falling due after more than one year	7	19,777	25,394

Provisions	92	586
	--------	--------
Net liabilities	( 7,065)	( 27,159)
	--------	--------

Capital and reserves

Called up share capital	1	1
Profit and loss account	( 7,066)	( 27,160)
	-------	--------
Shareholders deficit	( 7,065)	( 27,159)
	-------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Arsea LTD

Statement of Financial Position (continued)

30 April 2025

These financial statements were approved by the board of directors and authorised for issue on 28 April 2026 , and are signed on behalf of the board by:

Mr R Collingwood
Director

Company registration number: 10420699

Arsea LTD

Notes to the Financial Statements

Year ended 30 April 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

These accounts have been prepared on a going concern basis. The directors are satisfied that the company will continue to meet its current obligations for at least the next 12 months.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	33% straight line
Fixtures and fittings	-	25% straight line
Motor vehicles	-	33% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

4. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost
At 1 May 2024 and 30 April 2025	6,433	1,660	7,796	15,889
	-------	-------	-------	--------
Depreciation
At 1 May 2024	6,289	1,660	6,822	14,771
Charge for the year	144	–	487	631
	-------	-------	-------	--------
At 30 April 2025	6,433	1,660	7,309	15,402
	-------	-------	-------	--------
Carrying amount
At 30 April 2025	–	–	487	487
	-------	-------	-------	--------
At 30 April 2024	144	–	974	1,118
	-------	-------	-------	--------

5. Debtors

	2025	2024
	£	£
Trade debtors	3,485	–
Other debtors	66,625	38,662
	--------	--------
	70,110	38,662
	--------	--------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	17,876	19,829
Corporation tax	10,234	4,937
Social security and other taxes	18,505	8,817
Other creditors	11,178	7,376
	--------	--------
	57,793	40,959
	--------	--------

7. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	19,777	25,394
	--------	--------

8. Director's advances, credits and guarantees

During the year, advances of £29,339 (2024: £35,095) were made to the Director, and repayments of £1,442 (2024: £10,700) were made by the Director. Interest of £66 was charged at a rate of 2.25%.

9. Related party transactions

At the year end the director owed the company £29,333 (2024: £1,370).