ARK Test Labs Ltd - Filleted accounts

ARK Test Labs Ltd
Registered number:		09968437
Balance Sheet
as at 31 January 2017

Notes			2017
£
Fixed assets
Tangible assets	2		1,015

Current assets
Debtors	3	2,115
Cash at bank and in hand		43,191
		45,306

Creditors: amounts falling due within one year	4	(45,704)

Net current liabilities			(398)

Net assets			617

Capital and reserves
Called up share capital			1
Profit and loss account			616

Shareholder's funds			617

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Ravikiran Aravapalli
Director
Approved by the board on 21 April 2017

ARK Test Labs Ltd
Notes to the Accounts
for the period from 25 January 2016 to 31 January 2017


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	25% Straight Line
	Fixtures, fittings, tools and equipment	25% Straight Line


2	Tangible fixed assets
				Plant and machinery etc
£
	Cost
	Additions			1,354
	At 31 January 2017			1,354

	Depreciation
	Charge for the period			339
	At 31 January 2017			339

	Net book value
	At 31 January 2017			1,015




3	Debtors		2017
£

	Trade debtors		2,115


4	Creditors: amounts falling due within one year		2017
£

	Corporation tax		10,900
	Other taxes and social security costs		8,195
	Other creditors		26,609
			45,704