Company Registration No. SC274386 (Scotland)
Arrow Creative Marketing Solutions Ltd
Unaudited accounts
for the year ended 31 October 2018
Arrow Creative Marketing Solutions Ltd
Company Information
for the year ended 31 October 2018
Company Number
SC274386 (Scotland)
Registered Office
The Pines
Muir of Ord
IV6 7PX
Accountants
MacLennan Accountants Ltd
35 Torview
Contin
Strathpeffer
Ross-shire
IV14 9EF
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Arrow Creative Marketing Solutions Ltd
for the year ended 31 October 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Arrow Creative Marketing Solutions Ltd for the year ended
31 October 2018 as set out on pages
4 -
6 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
Our work has been undertaken in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.com/accountspreparationguidance.
MacLennan Accountants Ltd
Chartered Accountants
35 Torview
Contin
Strathpeffer
Ross-shire
IV14 9EF
18 March 2019
Arrow Creative Marketing Solutions Ltd
Statement of financial position
as at
31 October 2018
Tangible assets
4,774
9,971
Cash at bank and in hand
7,467
7,599
Creditors: amounts falling due within one year
(17,732)
(21,388)
Net current liabilities
(5,600)
(9,705)
Total assets less current liabilities
(826)
266
Provisions for liabilities
Deferred tax
(995)
(1,994)
Net liabilities
(1,821)
(1,728)
Called up share capital
100
100
Profit and loss account
(1,921)
(1,828)
Shareholders' funds
(1,821)
(1,728)
For the year ending 31 October 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 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.
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.
Approved by the Board on 18 March 2019.
Mr R Ritchie
Director
Company Registration No. SC274386
Arrow Creative Marketing Solutions Ltd
Notes to the Accounts
for the year ended 31 October 2018
Arrow Creative Marketing Solutions Ltd is a private company, limited by shares, registered in Scotland, registration number SC274386. The registered office is The Pines, Muir of Ord, IV6 7PX.
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:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Straight Line
Computer equipment
25% Reducing Balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The accounts have been prepared on a going concern basis as the outstanding Directors Loan of £1,752, which contributes to the majority of the overdrawn reserves position, will not be repaid until the business is in a position to do this. Sales have been steady for the first half of 2018/19.
Arrow Creative Marketing Solutions Ltd
Notes to the Accounts
for the year ended 31 October 2018
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2017
18,695
6,920
8,222
33,837
Additions
-
1,285
-
1,285
At 31 October 2018
18,695
8,205
8,222
35,122
At 1 November 2017
13,964
4,602
5,300
23,866
Charge for the year
4,731
901
850
6,482
At 31 October 2018
18,695
5,503
6,150
30,348
At 31 October 2018
-
2,702
2,072
4,774
At 31 October 2017
4,731
2,318
2,922
9,971
Trade debtors
4,665
4,084
6
Creditors: amounts falling due within one year
2018
2017
Obligations under finance leases and hire purchase contracts
10,390
11,967
Taxes and social security
4,172
3,830
Loans from directors
1,752
4,177
7
Average number of employees
During the year the average number of employees was 1 (2017: 1).