ARK_Architectural_Concept

ARK ARCHITECTURAL CONCEPTS LIMITED

ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ARK ARCHITECTURAL CONCEPTS LIMITED FOR THE YEAR ENDED 30 SEPTEMBER 2015

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The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 4 have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of ARK Architectural Concepts Limited for the year ended 30 September 2015 set out on pages 3 to 8 from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/.

This report is made solely to the Board of Directors of ARK Architectural Concepts Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of ARK Architectural Concepts Limited and state those matters that we have agreed to state to the Board of Directors of ARK Architectural Concepts Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ARK Architectural Concepts Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that ARK Architectural Concepts Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of ARK Architectural Concepts Limited. You consider that ARK Architectural Concepts Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of ARK Architectural Concepts Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Clark Howes Business Services Limited

Chartered Certified Accountants

22 April 2016

Riverside Barn

Bourton Business Centre

Bourton Road

Buckingham

Buckinghamshire

MK18 7DS

ARK ARCHITECTURAL CONCEPTS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2015

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2015

2014

Notes

Fixed assets

Tangible assets

165

Current assets

Debtors

13,980

7,928

Cash at bank and in hand

4,826

13,980

12,754

Creditors: amounts falling due within one year

(13,639)

(12,426)

Net current assets

341

328

Total assets less current liabilities

341

493

Provisions for liabilities

(33)

341

460

Capital and reserves

Called up share capital

100

Profit and loss account

241

360

Shareholders' funds

341

460

For the financial year ended 30 September 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 22 April 2016

Mr A Peshavaria

Director

Company Registration No. 07378629

ARK ARCHITECTURAL CONCEPTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

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Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents the value, net of Value Added Tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. Turnover is recognised when the goods are physically delivered to customers and when services are provided.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

25% Straight Line

1.5

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Deferred taxation

Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the financial statements and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing difference will reverse.

ARK ARCHITECTURAL CONCEPTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2015

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Fixed assets

Tangible assets

Cost

At 1 October 2014 & at 30 September 2015

2,204

Depreciation

At 1 October 2014

2,039

Charge for the year

165

At 30 September 2015

2,204

Net book value

At 30 September 2015

At 30 September 2014

165

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary of £1 each

100

Related party relationships and transactions

The following directors had interest free loans during the year. The movement on these loans is as follows:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Mr A Peshavaria - Director's Loan Account

5,342

38,536

30,742

13,136

5,342

38,536

30,742

13,136