Company Registration No. 12315853 (England and Wales)
A.R.I.E.L XPRESS LTD
Unaudited accounts
for the year ended 30 November 2022
A.R.I.E.L XPRESS LTD
Unaudited accounts
Contents
A.R.I.E.L XPRESS LTD
Company Information
for the year ended 30 November 2022
Director
Ali Muhammed Anees
Company Number
12315853 (England and Wales)
Registered Office
REGENT HOUSE
FOLDS ROAD
BOLTON
BL1 2RZ
ENGLAND
Accountants
Xeinadin Group
Regent House
Folds Road
Bolton
BL1 2RZ
A.R.I.E.L XPRESS LTD
Statement of financial position
as at 30 November 2022
Intangible assets
31,000
46,500
Tangible assets
7,495
8,818
Cash at bank and in hand
13,569
21,141
Creditors: amounts falling due within one year
(89,537)
(90,566)
Net current liabilities
(74,209)
(68,175)
Total assets less current liabilities
(35,714)
(12,857)
Creditors: amounts falling due after more than one year
(14,040)
(15,662)
Net liabilities
(49,754)
(28,519)
Called up share capital
100
100
Profit and loss account
(49,854)
(28,619)
Shareholders' funds
(49,754)
(28,519)
For the year ending 30 November 2022 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 and authorised for issue on 19 January 2024 and were signed on its behalf by
Ali Muhammed Anees
Director
Company Registration No. 12315853
A.R.I.E.L XPRESS LTD
Notes to the Accounts
for the year ended 30 November 2022
A.R.I.E.L XPRESS LTD is a private company, limited by shares, registered in England and Wales, registration number 12315853. The registered office is REGENT HOUSE, FOLDS ROAD, BOLTON, BL1 2RZ, ENGLAND.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Motor vehicles
15% reducing balance
Fixtures & fittings
15% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Total
At 30 November 2022
77,500
Charge for the year
15,500
At 30 November 2022
46,500
At 30 November 2022
31,000
At 30 November 2021
46,500
A.R.I.E.L XPRESS LTD
Notes to the Accounts
for the year ended 30 November 2022
5
Tangible fixed assets
Total
At 30 November 2022
12,146
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
7
Average number of employees
During the year the average number of employees was 2 (2021: 3).