Registration number:
Ara Hygiene Limited
for the Year Ended 30 March 2023
Ara Hygiene Limited
(Registration number: NI630908)
Balance Sheet as at 30 March 2023
Note |
2023 |
2022 |
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Fixed assets |
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Intangible assets |
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Tangible assets |
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Investment property |
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- |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: 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 : 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 |
160,000 |
160,000 |
|
Retained earnings |
152,053 |
102,384 |
|
Shareholders' funds |
312,053 |
262,384 |
For the financial year ending 30 March 2023 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.
Ara Hygiene Limited
(Registration number: NI630908)
Balance Sheet as at 30 March 2023
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
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Ara Hygiene Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 March 2023
General information |
The company is a private company limited by share capital, incorporated in Northern Ireland.
The address of its registered office is:
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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. Revenue is recognised at the point of goods delivery and acceptance when the benefits and risks associated with ownership of the goods have passed to the customer.
Government grants
Grants received relating to revenue expenditure are recognised through the profit and loss account to match against the related expenditure incurred. Capital grants received are held as deferred income on the balance sheet and released to the profit and loss account over the expected useful life of the asset.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Ara Hygiene Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 March 2023
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Plant and machinery |
20% reducing balance basis |
Computer equipment |
20% reducing balance basis |
Motor vehicles |
20% reducing balance basis |
Fixtures and fittings |
20% reducing balance basis |
Investment property
Goodwill
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis over its expected useful life.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Asset class |
Amortisation method and rate |
Goodwill |
10% straight-line basis |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Short-term debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Financial assets, including debtors, are reviewed at the reporting date to determine if there is any evidence of potential impairment. Any losses arising from impairment are recognised in the income statement in operating expenses.
Ara Hygiene Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 March 2023
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Ara Hygiene Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 March 2023
Intangible assets |
Goodwill |
Total |
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Cost or valuation |
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At 31 March 2022 |
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At 30 March 2023 |
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Amortisation |
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At 31 March 2022 |
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Amortisation charge |
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At 30 March 2023 |
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Carrying amount |
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At 30 March 2023 |
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At 30 March 2022 |
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Tangible assets |
Office fittings & equipment |
Motor vehicles |
Plant & equipment |
Total |
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Cost or valuation |
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At 31 March 2022 |
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At 30 March 2023 |
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Depreciation |
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At 31 March 2022 |
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Charge for the year |
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At 30 March 2023 |
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Carrying amount |
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At 30 March 2023 |
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At 30 March 2022 |
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Ara Hygiene Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 March 2023
Investment properties |
2023 |
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Additions |
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Fair value adjustments |
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At 30 March 2023 |
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Stocks |
2023 |
2022 |
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Raw materials, consumables and finished goods |
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Debtors |
2023 |
2022 |
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Trade debtors |
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Prepayments |
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Creditors: due within one year |
2023 |
2022 |
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Loans and borrowings |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Ara Hygiene Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 March 2023
Creditors: due after more than one year |
2023 |
2022 |
|
Bank borrowings |
209,200 |
193,574 |
Due to associated companies |
168,328 |
94,828 |
Deferred income |
|
|
398,528 |
323,402 |
Share capital |
Allotted, called up and fully paid shares
2023 |
2022 |
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No. |
£ |
No. |
£ |
|
|
|
160,000 |
|
160,000 |