Arena Search & Selection Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 04041116 (England and Wales)

Unaudited Financial Statements

for the Year Ended

31 March 2023

for

Arena Search & Selection Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

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

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

566

1,926

566

1,926

CURRENT ASSETS

Debtors

6

180,083

134,986

Cash at bank

21,159

50,649

201,242

185,635

CREDITORS

Amounts falling due within one year

7

71,145

92,867

NET CURRENT ASSETS

130,097

92,768

TOTAL ASSETS LESS CURRENT LIABILITIES

130,663

94,694

CREDITORS

Amounts falling due after more than one year

8

34,306

44,375

NET ASSETS

96,357

50,319

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

10

96,356

50,318

SHAREHOLDERS' FUNDS

96,357

50,319

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 and authorised for issue on 21 December 2023 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.

Plant and machinery

-

20% 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.

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 1 (2022 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2022

and 31 March 2023

55,000

AMORTISATION

At 1 April 2022

and 31 March 2023

55,000

NET BOOK VALUE

At 31 March 2023

-

At 31 March 2022

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2022

and 31 March 2023

5,770

DEPRECIATION

At 1 April 2022

3,844

Charge for year

1,360

At 31 March 2023

5,204

NET BOOK VALUE

At 31 March 2023

566

At 31 March 2022

1,926

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade debtors

37,408

12,000

Other debtors

2,593

2,840

Director's current account

139,587

120,146

Prepayments

495

-

180,083

134,986

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade creditors

2,107

9

Corporation tax

48,778

75,066

Social security and other taxes

745

-

Value added tax

8,187

957

Bank loan

10,078

5,009

Accrued expenses

1,250

11,826

71,145

92,867

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.23

31.3.22

£

£

Bank loan

34,306

44,375

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.23

31.3.22

value:

£

£

1

Ordinary

£1

1

1

10.

RESERVES

Retained

earnings

£

At 1 April 2022

50,318

Profit for the year

166,538

Dividends

(120,500

)

At 31 March 2023

96,356

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23

31.3.22

£

£

R Tearle

Balance outstanding at start of year

120,146

118,839

Amounts advanced

139,587

120,146

Amounts repaid

(120,146

)

(118,839

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

139,587

120,146