Arcanum Digital Forensics Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05416004 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2021

FOR

ARCANUM DIGITAL FORENSICS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs J A Chappell

L A Abercrombie

REGISTERED OFFICE:

Ty Penywaun

Mountain Road

Bedwas

Caerphilly

CF83 8ER

REGISTERED NUMBER:

05416004 (England and Wales)

ACCOUNTANTS:

Fortus Midlands Limited

Baird House

Seebeck Place

Knowlhill

Milton Keynes

Buckinghamshire

MK5 8FR

FIXED ASSETS

Tangible assets

4

967

1,340

CURRENT ASSETS

Debtors

5

45,839

14,772

Cash at bank

34,418

17,596

80,257

32,368

CREDITORS

Amounts falling due within one year

6

27,994

14,068

NET CURRENT ASSETS

52,263

18,300

TOTAL ASSETS LESS CURRENT LIABILITIES

53,230

19,640

CREDITORS

Amounts falling due after more than one year

7

293,000

193,000

NET LIABILITIES

(239,770

)

(173,360

)

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

(239,780

)

(173,370

)

(239,770

)

(173,360

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 18 January 2022 and were signed on its behalf by:

L A Abercrombie - Director

Mrs J A Chappell - Director

1.	STATUTORY INFORMATION

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

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

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.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2020 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 May 2020

10,729

908

11,637

Additions

-

134

134

At 30 April 2021

10,729

1,042

11,771

DEPRECIATION

At 1 May 2020

9,972

325

10,297

Charge for year

189

318

507

At 30 April 2021

10,161

643

10,804

NET BOOK VALUE

At 30 April 2021

568

399

967

At 30 April 2020

757

583

1,340

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

36,093

8,426

Prepayments and accrued income

9,746

6,346

45,839

14,772

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Social security and other taxes

5,476

4,758

VAT

13,907

2,705

Directors' current accounts

2,032

1,032

Accruals and deferred income

6,579

5,573

27,994

14,068

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Amounts owed to group undertakings

293,000

193,000

8.	GOING CONCERN

The company was insolvent at the year end. However the largest creditor is the holding company Arcanum Information Security Limited who will continue to provide financial support through an interest free loan. All third party creditors will continue to be paid as and when their debts and liabilities fall due. The company is part of the longer term strategy of the holding company and it is anticipated will be profitable in subsequent years.