ARC POWER LTD

ARC POWER LTD

ARC POWER LTD - Company Information

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ARC POWER LTD

Company Registration Number:
09341979 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2018

Period of accounts

Start date: 01 January 2018

End date: 31 December 2018

ARC POWER LTD

Contents of the Financial Statements

for the Period Ended 31 December 2018

Balance sheet
Notes

ARC POWER LTD

Balance sheet

As at 31 December 2018


Notes
2018
2017


£
£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments: 3 86 0
Total fixed assets: 86 0
Current assets
Stocks: 0 0
Debtors:   7,589 461
Cash at bank and in hand: 28,801 928
Total current assets: 36,390 1,389
Creditors: amounts falling due within one year: 4 (151,429) (3,514)
Net current assets (liabilities): (115,039) (2,125)
Total assets less current liabilities: (114,953) (2,125)
Creditors: amounts falling due after more than one year: 5 (276,228) 0
Provision for liabilities: 0 0
Total net assets (liabilities): (391,181) (2,125)
Capital and reserves
Called up share capital: 9,713 9,713
Share premium account: 38,032 38,032
Profit and loss account: (438,926) (49,870)
Shareholders funds: (391,181) (2,125)

The notes form part of these financial statements

ARC POWER LTD

Balance sheet statements

For the year ending 31 December 2018 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 September 2019
and signed on behalf of the board by:

Name: J A Ashley
Status: Director

The notes form part of these financial statements

ARC POWER LTD

Notes to the Financial Statements

for the Period Ended 31 December 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Other accounting policies

Basis of preparing the financial statementsThese financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.At 31 December 2018 there was a deficit of £391,181 (2017 - £2,125). Additional ordinary shares have been issued and additional long term loans have been arranged during 2019 to eliminate this deficit.Investments in subsidiariesInvestments in subsidiary undertakings are recognised at cost. Research and developmentExpenditure on research and development is written off in the year in which it is incurred.

ARC POWER LTD

Notes to the Financial Statements

for the Period Ended 31 December 2018

2. Employees

2018 2017
Average number of employees during the period 2 0

ARC POWER LTD

Notes to the Financial Statements

for the Period Ended 31 December 2018

3. Fixed investments

Shares in group undertakingsCOSTAdditions 86At 31 December 2018 86NET BOOK VALUEAt 31 December 2018 86The Company owns the whole of the issued share capital of Arc Power Rwanda Ltd a company incorporated in the Republic of Rwanda.

ARC POWER LTD

Notes to the Financial Statements

for the Period Ended 31 December 2018

4. Creditors: amounts falling due within one year note

2018Trade creditors 72443Taxation and social security 70Other creditors 789162017Trade creditors 480Other creditors 3034

ARC POWER LTD

Notes to the Financial Statements

for the Period Ended 31 December 2018

5. Creditors: amounts falling due after more than one year note

Amounts falling due in more than five years:Repayable otherwise than by instalments 276228

ARC POWER LTD

Notes to the Financial Statements

for the Period Ended 31 December 2018

6. Related party transactions

Name of the related party: K F Boyce
Relationship:
Director
Description of the Transaction: The company has an interest free loan from the director
£
Balance at 01 January 2018 26
Balance at 31 December 2018 1,112
Name of the related party: J A Ashley
Relationship:
Director
Description of the Transaction: The director is also a director of Driftworld Limited which, during the year, has provided consultancy services to the company.
£
Balance at 01 January 2018 0
Balance at 31 December 2018 35,504