ARKS Global Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08948658 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 19 MARCH 2014 TO 31 MARCH 2015

FOR

ARKS GLOBAL LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

R Chauhan

REGISTERED OFFICE:

22 Hallbrook Road

Keresley

Coventry

CV6 2GL

REGISTERED NUMBER:

08948658 (England and Wales)

ACCOUNTANTS:

Prime

Chartered Accountants

Corner Oak

1 Homer Road

Solihull

B91 3QG

FIXED ASSETS

Tangible assets

2

1,500

CURRENT ASSETS

Stocks

3,200

Debtors

4,234

Cash at bank and in hand

14,348

21,782

CREDITORS

Amounts falling due within one year

54,627

NET CURRENT LIABILITIES

(32,845

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(31,345

)

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

(31,346

)

SHAREHOLDERS' FUNDS

(31,345

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 11 November 2015 and were signed by:

R Chauhan - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The director confirmed that in her opinion the company will have adequate cash resources available to

finance its trading and meet it obligations during the course of the next twelve months.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

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

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

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

2,000

At 31 March 2015

2,000

DEPRECIATION

Charge for period

500

At 31 March 2015

500

NET BOOK VALUE

At 31 March 2015

1,500

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary

£1

1

1 Ordinary share of £1 was allotted and fully paid for cash at par during the period.