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Unaudited Financial Statements |
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for the Year Ended 30th November 2020 |
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for |
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Arval Electronics Limited |
REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 30th November 2020 |
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for |
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Arval Electronics Limited |
Arval Electronics Limited (Registered number: 03274856) |
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Contents of the Financial Statements |
for the Year Ended 30th November 2020 |
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Page |
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Abridged Balance Sheet | 1 |
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Notes to the Financial Statements | 2 |
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Arval Electronics Limited (Registered number: 03274856) |
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Abridged Balance Sheet |
30th November 2020 |
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2020 | 2019 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
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Investments | 6 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his 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. |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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Arval Electronics Limited (Registered number: 03274856) |
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Notes to the Financial Statements |
for the Year Ended 30th November 2020 |
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1. | STATUTORY INFORMATION |
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Arval Electronics Limited is a
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Registered number: | 03274856 |
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Registered office: | 34 Essex Road |
Gravesend |
Kent |
DA11 0SP |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Revenue recognition |
Sales comprise the fair value of the consideration received or receivable for the rendering of services in the ordinary course of the company's activities. Sales are presented, net of value-added tax, rebates and discounts. |
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The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and when specific criteria have been met for each of the company's activities as follows: |
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Revenue from the sale of services is recognised at the point at which those services have been provided to the customer. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year. |
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Tangible fixed assets |
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Computer equipment | - |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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Arval Electronics Limited (Registered number: 03274856) |
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Notes to the Financial Statements - continued |
for the Year Ended 30th November 2020 |
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5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1st December 2019 |
and 30th November 2020 |
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DEPRECIATION |
At 1st December 2019 |
and 30th November 2020 |
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NET BOOK VALUE |
At 30th November 2020 |
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At 30th November 2019 |
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6. | FIXED ASSET INVESTMENTS |
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Information on investments other than loans is as follows: |
Totals |
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COST OR VALUATION |
At 1st December 2019 | 262,359 |
Additions | 5,875 |
Revaluations | (29,568 | ) |
At 30th November 2020 | 238,666 |
NET BOOK VALUE |
At 30th November 2020 | 238,666 |
At 30th November 2019 | 262,359 |
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Cost or valuation at 30th November 2020 is represented by: |
Totals |
£ |
Valuation in 2020 | (23,693 | ) |
Valuation in 2018 | 246,549 |
Cost | 15,810 |
238,666 |