Company Registration Number:
ARI Consultancy Limited
for the Year Ended 30 September 2021
ARI Consultancy Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
ARI Consultancy Limited
Company Information
Directors |
A M Robinson C R Dickens D J O`Driscoll |
Registered office |
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Accountants |
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ARI Consultancy Limited
(Registration number: 04257410)
Balance Sheet as at 30 September 2021
Note |
2021 |
2020 |
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Fixed assets |
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Intangible assets |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
171 |
171 |
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Share premium reserve |
1,714,435 |
1,714,435 |
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Profit and loss account |
73,878 |
74,297 |
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Shareholders' funds |
1,788,484 |
1,788,903 |
For the financial year ending 30 September 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
ARI Consultancy Limited
(Registration number: 04257410)
Balance Sheet as at 30 September 2021
.........................................
Director
ARI Consultancy Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2021
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
ARI Consultancy Limited ("the company") is a company limited by shares and incorporated and domiciled in the UK. The registered number is 04257410 and the registered office is Suite 12, Pegaxis House, 61 Victoria Road, Surbtion, London, KT6 4JX. The company is exempt from the requirement to prepare group accounts on the basis that it is a small group. These financial statements present information about the company as an invidivudal undertaking and not about its group.
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
The accounting policies set out below have, unless otherwise stated, been applied consistently to all periods presented in these financial statements.
Basis of preparation
The financial statement are prepared on the historical cost basis.
The company has taken advantage of the exemption included in FRS 102 Section 1A.7 Small Entities, not prepare a cash flow statement.
The presentation currency of these financial statements is sterling. There were no material departures from that standard.
Going concern
The financial statements have been prepared on the going concern basis.
ARI Consultancy Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2021
Judgements
Judgements made by the directors, in the application of these accounting policies that have significant effect on the financial statements and estimates with a significant risk of material adjustment in the next year are discussed in note 9. |
Revenue recognition
Turnover excludes value-added tax and represents the fair value of services delivered to customers in the accounting period. Services are deemed to have been delivered to customers when, and to the extent that, the entity has met its obligations under its service contracts.
Foreign currency transactions and balances
Tax
Tax on profit or loss for the year comprises current and deferred tax. Tax is recognised in the profit and loss account except to the extent that it relates to items recognised directly in equity or other comprehensive income, in which case it is recognised directly in equity or other comprehensive income.
Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the balance sheet date, and any adjustment to tax payable in respect of previous years.
Deferred tax is provided on timing differences which arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. The following timing differences are not provided for: differences between accumulated depreciation and tax allowances for the cost of a fixed asset if and when all conditions for retaining the tax allowances have been met; and differences relating to investments in subsidiaries, to the extent that it is not probable that they will reverse in the foreseeable future and the reporting entity is able to control the reversal of the timing difference. Deffered tax is not recognised on permanent differences arising because certain types of income or expese are non-taxable or are disallowable for tax or because certain tax charges or allowances are greater or smaller than the corresponding income or expense.
Deffered tax is provided in respect of the additional tax that will be paid or avoided on differences between the amount at which an asset or liability is recognised in a business combination and the corresponding amount that can be deducted or assessed for tax. Goodwill is adjusted by the amount of such deferred tax.
Deferred tax is measured at the tax rate that is expected to apply to the reversal of the related difference, using tax rates enacted or substantively enacted at the balance sheet date. Deferred tax balances are not discounted.
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 liablities or other future taxable profits.
Intangible assets
Separately acquired licences are shown at historical cost.
ARI Consultancy Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2021
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at the present value of future payments discounted at a market rate of interest. Subsequent to initial recognition, interest-bearing borrowings are state at amortised cost using the effective interest method, less any impairment losses.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
ARI Consultancy Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2021
Intangible assets |
Licenses |
Total |
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Cost or valuation |
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At 1 October 2020 |
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At 30 September 2021 |
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Amortisation |
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At 30 September 2021 |
- |
- |
Carrying amount |
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At 30 September 2021 |
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At 30 September 2020 |
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Investments |
2021 |
2020 |
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Investments in subsidiaries |
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Subsidiaries |
£ |
Cost or valuation |
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At 1 October 2020 |
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Provision |
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At 30 September 2021 |
- |
Carrying amount |
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At 30 September 2021 |
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At 30 September 2020 |
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Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
ARI Consultancy Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2021
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2021 |
2020 |
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Subsidiary undertakings |
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37 Market Square
England and Wales |
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37 Market Square
England and Wales |
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Begbies Traynor London Llp, 29th Floor, 40 Bank Street, London, E14 5NR United Kingdom |
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Subsidiary undertakings |
Jack Media Oxfordshire Ltd The principal activity of Jack Media Oxfordshire Ltd is |
Oxis Media Limited The principal activity of Oxis Media Limited is |
Jack Media National Ltd The principal activity of Jack Media National Ltd is |
Debtors |
2021 |
2020 |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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Prepayments |
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Other debtors |
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ARI Consultancy Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2021
Creditors |
Creditors: amounts falling due within one year
Note |
2021 |
2020 |
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Due within one year |
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Loans and borrowings |
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- |
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Accruals and deferred income |
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Creditors: amounts falling due after more than one year
Note |
2021 |
2020 |
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Due after one year |
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Loans and borrowings |
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ARI Consultancy Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2021
Share capital |
Allotted, called up and fully paid shares
2021 |
2020 |
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No. |
£ |
No. |
£ |
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171.16 |
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171.16 |
Loans and borrowings |
2021 |
2020 |
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Non-current loans and borrowings |
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Other borrowings |
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2021 |
2020 |
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Current loans and borrowings |
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Other borrowings |
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- |
Accounting estimates and judgements |
The preparation of these financial statements in conformity with Section 1A of FRS 102 requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. Actual results may differ from these estimates.
Estimates and underlying assumptions are reviewed and revised on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised and in any future periods affected.
The Board has reviewed the provision against the intercompany balance with JMOL at the year end resulting in a cumulative provision of £1,500,000 (2020: £1,500,000).