Arena Search & Selection Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04041116 (England and Wales)

Unaudited Financial Statements

for the Year Ended

31 March 2019

for

Arena Search & Selection Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

R Tearle

SECRETARY:

H Jackson

REGISTERED OFFICE:

The Old Bakehouse

Course Road

Ascot

Berkshire

SL5 7HL

REGISTERED NUMBER:

04041116 (England and Wales)

ACCOUNTANTS:

Jacksons Accountants (Ascot) Limited

The Old Bakehouse

Course Road

Ascot

Berkshire

SL5 7HL

CURRENT ASSETS

Debtors

6

118,666

129,419

Cash at bank

32,705

79,352

151,371

208,771

CREDITORS

Amounts falling due within one year

7

35,222

38,790

NET CURRENT ASSETS

116,149

169,981

TOTAL ASSETS LESS CURRENT LIABILITIES

116,149

169,981

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

9

116,148

169,980

SHAREHOLDERS' FUNDS

116,149

169,981

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 20 December 2019 and were signed by:

R Tearle - Director

1.	STATUTORY INFORMATION

Arena Search & Selection Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, has been fully

amortised evenly over its estimated useful life of three years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2018

and 31 March 2019

55,000

AMORTISATION

At 1 April 2018

and 31 March 2019

55,000

NET BOOK VALUE

At 31 March 2019

-

At 31 March 2018

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2018

and 31 March 2019

5,795

3,682

9,477

DEPRECIATION

At 1 April 2018

and 31 March 2019

5,795

3,682

9,477

NET BOOK VALUE

At 31 March 2019

-

-

-

At 31 March 2018

-

-

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

384

24,384

Other debtors

2,840

2,568

Director's current account

115,442

102,467

118,666

129,419

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade creditors

2,920

1,312

Corporation tax

10,829

21,594

Value added tax

5,694

10,605

Other creditors

14,204

3,704

Accrued expenses

1,575

1,575

35,222

38,790

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.19

31.3.18

value:

£

£

1

Ordinary

£1

1

1

9.

RESERVES

Retained

earnings

£

At 1 April 2018

169,980

Profit for the year

46,168

Dividends

(100,000

)

At 31 March 2019

116,148

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2019 and

31 March 2018:

31.3.19

31.3.18

£

£

R Tearle

Balance outstanding at start of year

102,467

174,889

Amounts advanced

112,975

102,578

Amounts repaid

(100,000

)

(175,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

115,442

102,467