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 2020

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

201,243

118,666

Cash at bank

70,910

32,705

272,153

151,371

CREDITORS

Amounts falling due within one year

7

86,630

35,222

NET CURRENT ASSETS

185,523

116,149

TOTAL ASSETS LESS CURRENT LIABILITIES

185,523

116,149

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

9

185,522

116,148

SHAREHOLDERS' FUNDS

185,523

116,149

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 5 May 2020 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 (2019 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2019

and 31 March 2020

55,000

AMORTISATION

At 1 April 2019

and 31 March 2020

55,000

NET BOOK VALUE

At 31 March 2020

-

At 31 March 2019

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2019

and 31 March 2020

5,795

3,682

9,477

DEPRECIATION

At 1 April 2019

and 31 March 2020

5,795

3,682

9,477

NET BOOK VALUE

At 31 March 2020

-

-

-

At 31 March 2019

-

-

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

77,184

384

Other debtors

3,075

2,840

Director's current account

120,984

115,442

201,243

118,666

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade creditors

5,271

2,920

Corporation tax

43,635

10,829

Value added tax

32,445

5,694

Other creditors

3,704

14,204

Accrued expenses

1,575

1,575

86,630

35,222

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.20

31.3.19

value:

£

£

1

Ordinary

£1

1

1

9.

RESERVES

Retained

earnings

£

At 1 April 2019

116,148

Profit for the year

185,374

Dividends

(116,000

)

At 31 March 2020

185,522

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2020 and

31 March 2019:

31.3.20

31.3.19

£

£

R Tearle

Balance outstanding at start of year

115,442

102,467

Amounts advanced

120,984

112,975

Amounts repaid

(115,442

)

(100,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

120,984

115,442