Arena Global Management Ltd.

Arena Global Management Ltd.

ARENA GLOBAL MANAGEMENT LTD. - Company Information

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1 June 2021 false No description of principal activity Taxfiler 2022.8.3 07145739business:PrivateLimitedCompanyLtd2021-06-012022-05-31 071457392021-05-31 071457392021-06-012022-05-31 07145739business:AuditExemptWithAccountantsReport2021-06-012022-05-31 07145739business:FullAccounts2021-06-012022-05-31 071457392022-05-31 07145739business:Director12021-06-012022-05-31 07145739business:RegisteredOffice2021-06-012022-05-31 071457392021-05-31 07145739core:WithinOneYear2022-05-31 07145739core:WithinOneYear2021-05-31 07145739core:AfterOneYear2022-05-31 07145739core:AfterOneYear2021-05-31 07145739core:ShareCapital2022-05-31 07145739core:ShareCapital2021-05-31 07145739core:RetainedEarningsAccumulatedLosses2022-05-31 07145739core:RetainedEarningsAccumulatedLosses2021-05-31 07145739business:SmallEntities2021-06-012022-05-31 07145739countries:EnglandWales2021-06-012022-05-31 07145739core:PlantMachinery2021-06-012022-05-31 07145739core:FurnitureFittings2021-06-012022-05-31 07145739core:PlantMachinery2021-05-31 07145739core:MotorVehicles2021-05-31 07145739core:FurnitureFittings2021-05-31 07145739core:MotorVehicles2021-06-012022-05-31 07145739core:PlantMachinery2022-05-31 07145739core:MotorVehicles2022-05-31 07145739core:FurnitureFittings2022-05-31 071457392020-06-012021-05-31 iso4217:GBP xbrli:pure
Company Registration No. 07145739 (England and Wales)
Arena Global Management Ltd. Unaudited accounts for the year ended 31 May 2022
Arena Global Management Ltd. Unaudited accounts Contents
Page
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Arena Global Management Ltd. Company Information for the year ended 31 May 2022
Director
J C White
Company Number
07145739 (England and Wales)
Registered Office
STUDIO 160, 3 EDGAR BUILDINGS, GEORGE ST GEORGE STREET BATH SOMERSET BA1 2FJ ENGLAND
Accountants
IFS4B Ltd 8 Pitts Croft Neston Corsham Wiltshire SN13 9ST
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Arena Global Management Ltd. Accountants' report
Accountants' report to the director of Arena Global Management Ltd. on the preparation of the unaudited statutory accounts for the year ended 31 May 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Arena Global Management Ltd. for the year ended 31 May 2022 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Arena Global Management Ltd., as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Arena Global Management Ltd. and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Arena Global Management Ltd. and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Arena Global Management Ltd. has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Arena Global Management Ltd.. You consider that Arena Global Management Ltd. is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Arena Global Management Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
IFS4B Ltd 8 Pitts Croft Neston Corsham Wiltshire SN13 9ST 1 September 2022
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Arena Global Management Ltd. Statement of financial position as at 31 May 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
78,375 
7,223 
Current assets
Inventories
35,000 
25,009 
Debtors
5
97,234 
36,610 
Cash at bank and in hand
26,240 
92,814 
158,474 
154,433 
Creditors: amounts falling due within one year
6
(155,504)
(110,031)
Net current assets
2,970 
44,402 
Total assets less current liabilities
81,345 
51,625 
Creditors: amounts falling due after more than one year
7
(77,101)
(40,000)
Net assets
4,244 
11,625 
Capital and reserves
Called up share capital
3 
3 
Profit and loss account
4,241 
11,622 
Shareholders' funds
4,244 
11,625 
For the year ending 31 May 2022 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 1 September 2022 and were signed on its behalf by
J C White Director Company Registration No. 07145739
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Arena Global Management Ltd. Notes to the Accounts for the year ended 31 May 2022
1
Statutory information
Arena Global Management Ltd. is a private company, limited by shares, registered in England and Wales, registration number 07145739. The registered office is STUDIO 160, 3 EDGAR BUILDINGS, GEORGE ST, GEORGE STREET, BATH, SOMERSET, BA1 2FJ, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
3 years
Fixtures & fittings
3 years
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2021
12,237 
- 
12,228 
24,465 
Additions
751 
73,969 
7,286 
82,006 
At 31 May 2022
12,988 
73,969 
19,514 
106,471 
Depreciation
At 1 June 2021
9,687 
- 
7,555 
17,242 
Charge for the year
825 
5,307 
4,722 
10,854 
At 31 May 2022
10,512 
5,307 
12,277 
28,096 
Net book value
At 31 May 2022
2,476 
68,662 
7,237 
78,375 
At 31 May 2021
2,550 
- 
4,673 
7,223 
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Arena Global Management Ltd. Notes to the Accounts for the year ended 31 May 2022
5
Debtors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade debtors
31,144 
23,208 
Accrued income and prepayments
50,402 
- 
Other debtors
15,688 
13,402 
97,234 
36,610 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
26,379 
- 
Obligations under finance leases and hire purchase contracts
10,614 
- 
Trade creditors
36,053 
57,366 
Taxes and social security
12,392 
28,026 
Other creditors
5,645 
14,272 
Loans from directors
54,054 
- 
Accruals
367 
367 
155,504 
110,031 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
30,305 
40,000 
Obligations under finance leases and hire purchase contracts
46,796 
- 
77,101 
40,000 
8
Average number of employees
During the year the average number of employees was 8 (2021: 8).
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