ARC Workwear & PPE Limited - Period Ending 2016-01-31

31 January 2016

Ordinary shares of £1 each

ARC Workwear & PPE Limited

Abbreviated Accounts

for the Period from 29 January 2015 to 31 January 2016

ARC Workwear & PPE Limited
Abbreviated Balance Sheet at 31 January 2016

	Note	31 January 2016 £
Fixed assets
Tangible fixed assets		2,700
Current assets
Stocks		6,451
Debtors		14,460
Cash at bank and in hand		10,110
		31,021
Creditors: Amounts falling due within one year		(33,346)
Net current liabilities		(2,325)
Net assets		375
Capital and reserves
Called up share capital	3	2
Profit and loss account		373
Shareholders' funds		375

For the period ending 31 January 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

These accounts were approved by the directors and authorised for issue on 15 September 2016 and are signed on their behalf by:

.........................................
R.A. Chapman
Director
Company Registration Number: 09413152

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

ARC Workwear & PPE Limited
Notes to the Abbreviated Accounts for the Period from 29 January 2015 to 31 January 2016

1	Accounting policies

Basis of preparation

The full accounts, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Going concern

The accounts have been prepared on a going concern basis on the assumption that the directors will continue their support for the foreseeable future.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:


Plant and Machinery	10 years straight line basis

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

	Tangible assets £	Total £
Cost
Additions	3,000	3,000
At 31 January 2016	3,000	3,000
Depreciation
Charge for the period	300	300
At 31 January 2016	300	300
Net book value
At 31 January 2016	2,700	2,700

Page 2

ARC Workwear & PPE Limited
Notes to the Abbreviated Accounts for the Period from 29 January 2015 to 31 January 2016

3	Share capital

Allotted, called up and fully paid shares

New shares allotted

During the period 2 Ordinary shares having an aggregate nominal value of £2 were allotted for an aggregate consideration of £2.

Page 3