Company Registration No. SC549552 (Scotland)
ARC EDINBURGH LIMITED
Unaudited accounts
for the year ended 30 November 2021
ARC EDINBURGH LIMITED
Unaudited accounts
Contents
ARC EDINBURGH LIMITED
Company Information
for the year ended 30 November 2021
Directors
Abdullah Iftekhar Chisty
Anthony Scott Lewis
Mohammed Rizvi
Company Number
SC549552 (Scotland)
Registered Office
20 STEWARTFIELD ROAD
BROXBURN
EH52 5EP
SCOTLAND
Accountants
Countax Accounting & Tax Services
1 Airyhall Trerrace
Aberdeen
Aberdeen city
AB15 7QN
ARC EDINBURGH LIMITED
Accountants' report
Accountants' report to the board of directors of ARC EDINBURGH LIMITED on the preparation of the unaudited statutory accounts for the year ended 30 November 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
ARC EDINBURGH LIMITED for the year ended
30 November 2021 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of ARC EDINBURGH LIMITED, as a body, in accordance with the terms of our engagement letter dated 1 March 2021. Our work has been undertaken solely to prepare for your approval the accounts of ARC EDINBURGH LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ARC EDINBURGH LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that ARC EDINBURGH LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of ARC EDINBURGH LIMITED. You consider that ARC EDINBURGH LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of ARC EDINBURGH LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Countax Accounting & Tax Services
1 Airyhall Trerrace
Aberdeen
Aberdeen city
AB15 7QN
24 August 2022
ARC EDINBURGH LIMITED
Statement of financial position
as at
30 November 2021
Tangible assets
394,238
394,563
Cash at bank and in hand
6,207
28,502
Creditors: amounts falling due within one year
(84,646)
(117,689)
Net current liabilities
(76,559)
(87,307)
Total assets less current liabilities
317,679
307,256
Creditors: amounts falling due after more than one year
(299,449)
(299,449)
Called up share capital
3
3
Profit and loss account
18,227
7,804
Shareholders' funds
18,230
7,807
For the year ending 30 November 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 August 2022 and were signed on its behalf by
Abdullah Iftekhar Chisty
Director
Company Registration No. SC549552
ARC EDINBURGH LIMITED
Notes to the Accounts
for the year ended 30 November 2021
ARC EDINBURGH LIMITED is a private company, limited by shares, registered in Scotland, registration number SC549552. The registered office is 20 STEWARTFIELD ROAD, BROXBURN, EH52 5EP, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No Depreciation
Fixtures & fittings
25% reducing balance
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 December 2020
393,265
2,447
395,712
At 30 November 2021
393,265
2,447
395,712
At 1 December 2020
-
1,149
1,149
Charge for the year
-
325
325
At 30 November 2021
-
1,474
1,474
At 30 November 2021
393,265
973
394,238
At 30 November 2020
393,265
1,298
394,563
5
Debtors: amounts falling due within one year
2021
2020
Other debtors
1,880
1,880
ARC EDINBURGH LIMITED
Notes to the Accounts
for the year ended 30 November 2021
6
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
(1)
1,692
Other creditors
1,847
1,847
Loans from directors
81,380
112,880
7
Creditors: amounts falling due after more than one year
2021
2020
Bank loans
299,449
299,449
8
Average number of employees
During the year the average number of employees was 0 (2020: 0).