ArbDB Limited - Accounts to registrar (filleted) - small 18.2

ArbDB Limited - Accounts to registrar (filleted) - small 18.2

ARBDB LIMITED - Company Information

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REGISTERED NUMBER: 07498754 (England and Wales)














ARBDB LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2018






ARBDB LIMITED (REGISTERED NUMBER: 07498754)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ARBDB LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2018







DIRECTORS: Mr A.L. Marks
Mr C.J. Wright
Mr M.D. Cover



REGISTERED OFFICE: 135/137, Station Road,
Chingford,
London
E4 6AG



REGISTERED NUMBER: 07498754 (England and Wales)



ACCOUNTANTS: Findlay, Wetherfield, Scott & Co.,
Chartered Accountants
135/137, Station Road,
Chingford,
London
E4 6AG



BANKERS: HSBC Bank plc
165 Fleet Street
London
EC4A 2DY
Page 1
ARBDB LIMITED (REGISTERED NUMBER: 07498754)

BALANCE SHEET
31ST JANUARY 2018

2018 2017
Notes £    £   
CURRENT ASSETS
Debtors 3 55,059 59,859
Cash at bank 153,529 102,878
208,588 162,737
CREDITORS
Amounts falling due within one year 4 153,592 124,599
NET CURRENT ASSETS 54,996 38,138
TOTAL ASSETS LESS CURRENT
LIABILITIES
54,996
38,138

CREDITORS
Amounts falling due after more than one
year
5
11,536
12,888
NET ASSETS 43,460 25,250

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 43,457 25,247
SHAREHOLDERS' FUNDS 43,460 25,250

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 23rd October 2018 and were signed on its behalf
by:




Mr M.D. Cover - Director


The notes form part of these financial statements

Page 2
ARBDB LIMITED (REGISTERED NUMBER: 07498754)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2018

1. STATUTORY INFORMATION

ArbDB 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at
the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. DEBTORS
2018 2017
£    £   
Amounts falling due within one year:
Trade debtors 22,109 31,062
Taxes 15,615 9,643
Prepayments 3,764 3,992
41,488 44,697

Page 3 continued...
ARBDB LIMITED (REGISTERED NUMBER: 07498754)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2018

3. DEBTORS - continued
2018 2017
£    £   
Amounts falling due after more than one year:
Tax 13,571 15,162

Aggregate amounts 55,059 59,859

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 42,497 64,776
Trust account liability 84,783 37,861
Directors' current accounts 1,197 1,197
Accrued expenses 25,115 20,765
153,592 124,599

The Trust account liability is matched by sums held in a Client Trust bank account, the balance of which is
included within the total sum of Cash at Bank and in Hand as shown on the balance sheet. Sums held in the
Client Trust bank account are not specifically company assets until all Trust account liabilities have been settled.

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Trade creditors 11,536 12,888

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end date the company owed the directors the following amounts in respect of their directors' current
accounts:

20182017
Mr A.L. Marks£399£399
Mr C.J. Wright£399£399
Mr M.D. Cover£399£399

These sums are undated, unsecured and interest free.

During the year the company purchased arbitration and mediation services from its directors Mr A.L. Marks and
Mr C.J. Wright and from Michael Cover ADR Limited amounting to £21,473 (2017 - £12,325), £304,661 (2017
- £169,397) and £129,738 (2017 - £88,998) respectively, net of VAT.

Sums outstanding and due to Mr A.L. Marks as at the balance sheet date amounted to £128 (2017 - £765). Sums
outstanding and due to Mr C.J. Wright as at the balance sheet date amounted to £8,564 (2017 - £10,516). Sums
outstanding and due to Michael Cover ADR Limited as at the balance sheet date amounted to £6,545 (2017 -
£1,839).

These transactions are all on a commercial basis.

Page 4 continued...
ARBDB LIMITED (REGISTERED NUMBER: 07498754)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2018

7. RELATED PARTY DISCLOSURES

There is no overall controlling party. Each director owns a third of the issued ordinary share capital.

Other related party details are as shown above.

Dividends paid to the directors were as follows:

Mr A.L. Marks - £nil (2017 - £10,000)
Mr C.J. Wright - £nil (2017 - £10,000)
Mr M.D. Cover - £nil (2017 - £10,000)

Page 5