Arkoni Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 02195672

Abbreviated Unaudited Accounts for the Year Ended 31 July 2014

for

Arkoni Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M Prentice

Q Prentice

SECRETARY:

Mrs J Prentice

REGISTERED OFFICE:

Horley Green House

Horley Green Road

Claremount

Halifax

West Yorkshire

HX3 6AS

REGISTERED NUMBER:

02195672

ACCOUNTANTS:

Horley Green Chartered Accountants

Horley Green House

Horley Green Road

Claremount

Halifax

West Yorkshire

HX3 6AS

FIXED ASSETS

Tangible assets

2

351,029

415,591

Investments

3

5,012

8,431

356,041

424,022

CURRENT ASSETS

Stocks

15,952

10,390

Debtors

1,684,096

1,252,564

Cash at bank and in hand

1,300,855

984,853

3,000,903

2,247,807

CREDITORS

Amounts falling due within one year

1,198,076

860,218

NET CURRENT ASSETS

1,802,827

1,387,589

TOTAL ASSETS LESS CURRENT LIABILITIES

2,158,868

1,811,611

PROVISIONS FOR LIABILITIES

58,027

20,814

NET ASSETS

2,100,841

1,790,797

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

2,100,839

1,790,795

SHAREHOLDERS' FUNDS

2,100,841

1,790,797

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2014 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 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 Board of Directors on 5 November 2014 and were signed on its behalf by:

M Prentice - Director

1.	ACCOUNTING POLICIES

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 the net amount receivable for goods supplied and services provided, excluding value added tax, except

in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

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.

Deferred tax

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account 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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2013

700,768

Additions

284,589

Disposals

(290,175

)

At 31 July 2014

695,182

DEPRECIATION

At 1 August 2013

285,177

Charge for year

67,032

Eliminated on disposal

(8,056

)

At 31 July 2014

344,153

NET BOOK VALUE

At 31 July 2014

351,029

At 31 July 2013

415,591

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 August 2013

and 31 July 2014

77,410

PROVISIONS

At 1 August 2013

68,979

Impairments

3,419

At 31 July 2014

72,398

NET BOOK VALUE

At 31 July 2014

5,012

At 31 July 2013

8,431

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.14

31.7.13

value:

£

£

2

Ordinary

1

2

2