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Unaudited Financial Statements for the Year Ended 30 June 2020 |
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ARZK Limited |
REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 30 June 2020 |
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for |
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ARZK Limited |
ARZK Limited (Registered number: 11403937) |
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Contents of the Financial Statements |
for the Year Ended 30 June 2020 |
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Page |
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Balance Sheet | 1 |
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ARZK Limited (Registered number: 11403937) |
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Balance Sheet |
30 June 2020 |
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30.6.20 | 30.6.19 |
£ | £ |
CURRENT ASSETS |
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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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CREDITORS |
Amounts falling due after more than
one year |
( |
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NET ASSETS |
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CAPITAL AND RESERVES |
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NOTES TO THE FINANCIAL STATEMENTS |
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1. | STATUTORY INFORMATION |
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ARZK Limited is a
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Registered number: | 11403937 |
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Registered office: | 31 Spring Thyme Fold |
Littleborough |
Lancashire |
OL15 8DJ |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | AVERAGE NUMBER OF EMPLOYEES |
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The average number of employees during the year was
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ARZK Limited (Registered number: 11403937) |
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Balance Sheet - continued |
30 June 2020 |
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NOTES TO THE FINANCIAL STATEMENTS |
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3. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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At 30 June 2020, Dr & Mrs Kanji owed ARZK Limited £41,479, plus interest charged on the loan at 2.5% p.a. This was not repaid in full to the company within nine months of the year end, hence a Section 455 charge is applicable on the total balance of £42,172. |
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At 30 June 2019, Dr & Mrs Kanji owed ARZK Limited £30,469, plus interest charged on the loan at 2.5%. |
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4. | OTHER FINANCIAL COMMITMENTS |
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ARZK Limited received a Bounce Back Loan of £25,000 in the year ended 30 June 2020. The loan duration is 72 months and the interest charged by Santander is 2.5% p.a. |
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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. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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