ARC Integrated Systems Ltd
|
Registered Number
:
06929467
|
For the year ended 30 June 2018
England and Wales
Unaudited Financial Statements
For the year ended 30 June 2018
ARC Integrated Systems Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
ARC Integrated Systems Ltd
Statement of Financial Position
2017
2018
9,900
10,800
2
Property
,
plant and equipment
|
975
1,302
3
10,875
12,102
1,245
2,150
4
Trade and other receivables
|
617
979
5
4,190
Cash and cash equivalents
|
14,406
17,535
6,052
Trade and other payables
:
amounts falling due within one year
|
(16,488)
(22,373)
6
(10,436)
(4,838)
Net current liabilities
Total assets less current liabilities
|
6,037
1,666
(185)
(66)
Provisions for liabilities
|
5,852
Net assets
1,600
1
1
5,851
1,599
5,852
1,600
Shareholders' funds
For the year ended 30 June 2018 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 of its financial statements for the year ended 30 June 2018 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
Mr Iain Roy Taylor Director
|
These financial statements were approved and authorised for issue by the Board on 23 November 2018 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 30 June 2018
ARC Integrated Systems Ltd
Notes to the Financial Statements
Statutory Information
ARC Integrated Systems Ltd is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration
|
number
06929467
.
|
Principal place of business
:
|
34 Langland
Springwood
King's Lynn
Norfolk
PE30 4TH
49 Castle Rising Road
South Wootton
King's Lynn
Norfolk
PE30 3JA
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial Reporting
|
Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and the Companies Act
2006
.
|
The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain
|
assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 20 years.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Plant and machinery
Motor vehicles
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.
|
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
|
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For the year ended 30 June 2018
ARC Integrated Systems Ltd
Notes to the Financial Statements Continued
2
.
Intangible fixed assets
|
Goodwill
18,000
18,000
7,200
900
Charge for year
8,100
9,900
10,800
3
.
Property
,
plant and equipment
|
Motor vehicles
7,198
1,670
5,000
528
528
5,000
1,670
7,198
Provision for depreciation and impairment
|
5,896
1,122
4,501
273
Charge for year
327
138
125
64
6,223
1,260
4,626
337
191
374
410
975
255
499
548
1,302
2017
2018
2,150
1,245
5
.
Trade and other receivables
|
2017
2018
979
617
3 of 4
For the year ended 30 June 2018
ARC Integrated Systems Ltd
Notes to the Financial Statements Continued
6
.
Trade and other payables
:
amounts falling due within one year
|
2017
2018
94
222
Taxation and social security
|
4,396
3,875
17,883
12,391
22,373
16,488
7
.
Average number of persons employed
|
During the year the average number of employees was 1 (2017 : 1)
4 of 4