Company No: 13047874 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Intangible assets	3	11,463		14,469
Tangible assets	4	152,489		70,835
		163,952		85,304
Current assets
Stocks		917,665		677,863
Debtors	5	483,176		482,866
Cash at bank and in hand		87,937		91,604
		1,488,778		1,252,333
Creditors: amounts falling due within one year	6	( 579,631)		( 373,662)
Net current assets		909,147		878,671
Total assets less current liabilities		1,073,099		963,975
Provision for liabilities		( 39,425)		( 19,807)
Net assets		1,033,674		944,168
Capital and reserves
Called-up share capital	7	100		100
Profit and loss account		1,033,574		944,068
Total shareholders' funds		1,033,674		944,168

For the financial year ending 31 March 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of ARC-LED Limited (registered number: 13047874) were approved and authorised for issue by the Board of Directors on 28 October 2026. They were signed on its behalf by:

Mr I D Gray Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

ARC-LED Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Ground Floor Centenary House, Peninsula Park, Rydon Lane, Exeter, EX2 7XE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Website costs	5 years straight line
Other intangible assets	10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery	25 % reducing balance
Vehicles	25 % reducing balance
Fixtures and fittings	25 % reducing balance
Computer equipment	5 years straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	15		14

3. Intangible assets

	Website costs		Other intangible assets		Total
	£		£		£
Cost
At 01 April 2025	12,105		5,845		17,950
At 31 March 2026	12,105		5,845		17,950
Accumulated amortisation
At 01 April 2025	3,189		292		3,481
Charge for the financial year	2,421		585		3,006
At 31 March 2026	5,610		877		6,487
Net book value
At 31 March 2026	6,495		4,968		11,463
At 31 March 2025	8,916		5,553		14,469

4. Tangible assets

	Plant and machinery		Vehicles		Fixtures and fittings		Computer equipment		Total
	£		£		£		£		£
Cost
At 01 April 2025	57,662		28,647		0		1,963		88,272
Additions	0		100,194		14,051		0		114,245
At 31 March 2026	57,662		128,841		14,051		1,963		202,517
Accumulated depreciation
At 01 April 2025	11,472		5,371		0		594		17,437
Charge for the financial year	11,548		20,123		527		393		32,591
At 31 March 2026	23,020		25,494		527		987		50,028
Net book value
At 31 March 2026	34,642		103,347		13,524		976		152,489
At 31 March 2025	46,190		23,276		0		1,369		70,835

5. Debtors

	2026		2025
	£		£
Trade debtors	157,370		154,435
Amounts owed by associates	9,000		0
Other debtors	316,806		328,431
	483,176		482,866

6. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	146,102		143,200
Amounts owed to associates	19,849		3,620
Taxation and social security	73,902		127,928
Other creditors	339,778		98,914
	579,631		373,662

7. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
80 Ordinary A shares of £ 1.00 each	80		80
20 Ordinary B shares of £ 1.00 each	20		20
	100		100

8. Related party transactions

Transactions with the entity's directors

	2026		2025
	£		£
Balance as at 1 April	(3,150)		26,672
Advances	286,832		183,978
Repayments	(163,879)		(213,800)
Balance as at 31 March	119,803		(3,150)

Interest is charged on the above balance at HMRC's official rate.