The Ark (CM) Limited - Abbreviated accounts 16.1
The Ark (CM) Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 28 February 2016 |
| for |
| The Ark (CM) Limited |
| The Ark (CM) Limited (Registered number: 04659992) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 28 February 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| The Ark (CM) Limited |
| Company Information |
| for the Year Ended 28 February 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| The Ark (CM) Limited (Registered number: 04659992) |
| Abbreviated Balance Sheet |
| 28 February 2016 |
| 28.2.16 | 28.2.15 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| Investments | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the Board of Directors on |
| The Ark (CM) Limited (Registered number: 04659992) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 28 February 2016 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statement have been prepared on the going concern basis, the validity of which depends upon the ability of the |
| company to meet its obligations as they fall due. At 28 February 2016 the company's current liabilities exceeded its current |
| assets by £62,094. Therefore the company is dependent on the continued financial support of its creditors and Directors. The |
| directors are taking steps to improve the profitability of the company in the future. The financial statements do not include |
| any adjustments that would result from a withdrawal of this support. |
| 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 January 2015). |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts where |
| turnover is recognised when the company obtains the right to consideration. |
| Intellectual property |
| The Intellectual Property was purchased in 2014 and its estimated useful life is 5 years. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Computer equipment | - |
| Stocks |
| Work in progress is valued at the lower of cost and net realisable value. |
| Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 March 2015 |
| and 28 February 2016 |
| AMORTISATION |
| At 1 March 2015 |
| Amortisation for year |
| At 28 February 2016 |
| NET BOOK VALUE |
| At 28 February 2016 |
| At 28 February 2015 |
| The Ark (CM) Limited (Registered number: 04659992) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 28 February 2016 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 March 2015 |
| Additions |
| At 28 February 2016 |
| DEPRECIATION |
| At 1 March 2015 |
| Charge for year |
| At 28 February 2016 |
| NET BOOK VALUE |
| At 28 February 2016 |
| At 28 February 2015 |
| 4. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1 March 2015 | 14,000 |
| Additions | 14,004 |
| Disposals | (14,002 | ) |
| At 28 February 2016 | 14,002 |
| NET BOOK VALUE |
| At 28 February 2016 |
| At 28 February 2015 |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Subsidiary |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary £0.01 | 100.00 |
| £ |
| Aggregate capital and reserves | (21,539 | ) |
| Loss for the year | (13,828 | ) |
| The Ark (CM) Limited (Registered number: 04659992) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 28 February 2016 |
| 4. | FIXED ASSET INVESTMENTS - continued |
| Associated company |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary £0.01 |
| 28.2.16 | 31.3.15 |
| £ | £ |
| Aggregate capital and reserves | - | (7,731 | ) |
| Loss for the year | - | (8,020 | ) |
| This has become a subsidiary during the year. |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 28.2.16 | 28.2.15 |
| value: | £ | £ |
| Ordinary shares | £1 |
| Ordinary B shares | £1 |
| 200 | 200 |
| 6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 28 February 2016 and 28 February 2015: |
| 28.2.16 | 28.2.15 |
| £ | £ |
| Balance outstanding at start of year | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year | ( |
) |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year | ( |
) |
| The maximum amounts overdrawn during the year were: M Jaggard £19,932 and S McLaven £26,178. |
| The amount due from S McLaven from repaid after the year end. |