Company Registration No. SC274386 (Scotland)
Arrow Creative Marketing Solutions Ltd
Unaudited accounts
for the year ended 31 October 2021
Arrow Creative Marketing Solutions Ltd
Company Information
for the year ended 31 October 2021
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 2021
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 2021 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 https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-january-2017.
Our work has been undertaken in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-january-2017.
MacLennan Accountants Ltd
Chartered Accountants
35 Torview
Contin
Strathpeffer
Ross-shire
IV14 9EF
20 April 2022
Arrow Creative Marketing Solutions Ltd
Statement of financial position
as at
31 October 2021
Tangible assets
3,994
3,372
Cash at bank and in hand
8,149
5,611
Creditors: amounts falling due within one year
(7,819)
(6,618)
Net current assets
2,716
1,320
Total assets less current liabilities
6,710
4,692
Creditors: amounts falling due after more than one year
(4,591)
(870)
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
1,509
3,088
Shareholders' funds
1,609
3,188
For the year ending 31 October 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 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.
The financial statements were approved by the Board and authorised for issue on 20 April 2022 and were signed on its behalf by
Mr R Ritchie
Director
Company Registration No. SC274386
Arrow Creative Marketing Solutions Ltd
Notes to the Accounts
for the year ended 31 October 2021
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.
Arrow Creative Marketing Solutions Ltd
Notes to the Accounts
for the year ended 31 October 2021
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2020
21,027
8,205
6,580
35,812
Additions
1,507
-
959
2,466
Disposals
-
-
(928)
(928)
At 31 October 2021
22,534
8,205
6,611
37,350
At 1 November 2020
19,861
6,685
5,894
32,440
Charge for the year
960
380
380
1,720
On disposals
-
-
(804)
(804)
At 31 October 2021
20,821
7,065
5,470
33,356
At 31 October 2021
1,713
1,140
1,141
3,994
At 31 October 2020
1,166
1,520
686
3,372
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
2,386
2,195
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
1,279
696
Taxes and social security
37
1,034
Loans from directors
4,837
3,641
7
Creditors: amounts falling due after more than one year
2021
2020
Bounce Back Loan of £5,000 secured in the year.
8
Average number of employees
During the year the average number of employees was 1 (2020: 1).