Arena Global Management Ltd.

Arena Global Management Ltd.

ARENA GLOBAL MANAGEMENT LTD. - Company Information

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1 June 2020 false No description of principal activity Taxfiler 2021.7 07145739business:PrivateLimitedCompanyLtd2020-06-012021-05-31 071457392020-05-31 071457392020-06-012021-05-31 07145739business:AuditExemptWithAccountantsReport2020-06-012021-05-31 07145739business:FullAccounts2020-06-012021-05-31 071457392021-05-31 07145739business:Director12020-06-012021-05-31 07145739business:RegisteredOffice2020-06-012021-05-31 071457392020-05-31 07145739core:WithinOneYear2021-05-31 07145739core:WithinOneYear2020-05-31 07145739core:AfterOneYear2021-05-31 07145739core:AfterOneYear2020-05-31 07145739core:ShareCapital2021-05-31 07145739core:ShareCapital2020-05-31 07145739core:RetainedEarningsAccumulatedLosses2021-05-31 07145739core:RetainedEarningsAccumulatedLosses2020-05-31 07145739business:SmallEntities2020-06-012021-05-31 07145739countries:EnglandWales2020-06-012021-05-31 07145739core:PlantMachinery2020-06-012021-05-31 07145739core:FurnitureFittings2020-06-012021-05-31 07145739core:PlantMachinery2020-05-31 07145739core:FurnitureFittings2020-05-31 07145739core:PlantMachinery2021-05-31 07145739core:FurnitureFittings2021-05-31 071457392019-06-012020-05-31 iso4217:GBP xbrli:pure
Company Registration No. 07145739 (England and Wales)
Arena Global Management Ltd. Unaudited accounts for the year ended 31 May 2021
Arena Global Management Ltd. Unaudited accounts Contents
Page
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Arena Global Management Ltd. Company Information for the year ended 31 May 2021
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 2021
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 2021 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 profit 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 14 July 2021
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Arena Global Management Ltd. Statement of financial position as at 31 May 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
7,223 
4,769 
Current assets
Inventories
25,009 
25,425 
Debtors
5
36,610 
15,651 
Cash at bank and in hand
92,814 
39,225 
154,433 
80,301 
Creditors: amounts falling due within one year
6
(110,031)
(42,124)
Net current assets
44,402 
38,177 
Total assets less current liabilities
51,625 
42,946 
Creditors: amounts falling due after more than one year
7
(40,000)
(40,000)
Net assets
11,625 
2,946 
Capital and reserves
Called up share capital
3 
3 
Profit and loss account
11,622 
2,943 
Shareholders' funds
11,625 
2,946 
For the year ending 31 May 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 14 July 2021 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 2021
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 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2020
9,049 
6,736 
15,785 
Additions
3,188 
5,492 
8,680 
At 31 May 2021
12,237 
12,228 
24,465 
Depreciation
At 1 June 2020
7,496 
3,520 
11,016 
Charge for the year
2,191 
4,035 
6,226 
At 31 May 2021
9,687 
7,555 
17,242 
Net book value
At 31 May 2021
2,550 
4,673 
7,223 
At 31 May 2020
1,553 
3,216 
4,769 
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Arena Global Management Ltd. Notes to the Accounts for the year ended 31 May 2021
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
23,208 
2,880 
Other debtors
13,402 
12,771 
36,610 
15,651 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Bank loans and overdrafts
10,000 
- 
Trade creditors
57,366 
7,771 
Taxes and social security
28,026 
68,072 
Other creditors
14,272 
3,974 
Loans from directors
- 
(38,060)
Accruals
367 
367 
110,031 
42,124 
7
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
40,000 
40,000 
8
Average number of employees
During the year the average number of employees was 8 (2020: 6).
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