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2018-03-31
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No description of principal activities is disclosed
2017-04-01
Sage Accounts Production 18.30 - FRS
xbrli:pure
xbrli:shares
iso4217:GBP
04620454
2017-04-01
2018-03-31
04620454
2018-03-31
04620454
2017-03-31
04620454
2016-04-01
2017-03-31
04620454
2017-03-31
04620454
2016-03-31
04620454
core:FurnitureFittingsToolsEquipment
2017-04-01
2018-03-31
04620454
bus:RegisteredOffice
2017-04-01
2018-03-31
04620454
bus:LeadAgentIfApplicable
2017-04-01
2018-03-31
04620454
bus:Director1
2017-04-01
2018-03-31
04620454
bus:Director2
2017-04-01
2018-03-31
04620454
bus:CompanySecretary1
2017-04-01
2018-03-31
04620454
core:FurnitureFittingsToolsEquipment
2017-03-31
04620454
core:FurnitureFittingsToolsEquipment
2018-03-31
04620454
core:WithinOneYear
2018-03-31
04620454
core:WithinOneYear
2017-03-31
04620454
core:ShareCapital
2016-04-01
2017-03-31
04620454
core:RetainedEarningsAccumulatedLosses
2016-04-01
2017-03-31
04620454
core:RetainedEarningsAccumulatedLosses
2017-04-01
2018-03-31
04620454
core:ShareCapital
2018-03-31
04620454
core:ShareCapital
2017-03-31
04620454
core:TreasurySharesOwnSharesReserve
2018-03-31
04620454
core:TreasurySharesOwnSharesReserve
2017-03-31
04620454
core:RetainedEarningsAccumulatedLosses
2018-03-31
04620454
core:RetainedEarningsAccumulatedLosses
2017-03-31
04620454
core:ShareCapital
2016-03-31
04620454
core:TreasurySharesOwnSharesReserve
2016-03-31
04620454
core:RetainedEarningsAccumulatedLosses
2016-03-31
04620454
core:FurnitureFittingsToolsEquipment
2017-03-31
04620454
bus:SmallEntities
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04620454
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2018-03-31
04620454
bus:FullAccounts
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2018-03-31
04620454
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04620454
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2018-03-31
Company registration number:
04620454
Arcadia (South West) Limited
Unaudited filleted financial statements
31 March 2018
Arcadia (South West) Limited
Contents
Directors and other information
Accountants report
Statement of comprehensive income
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Arcadia (South West) Limited
Directors and other information
|
|
|
|
Directors
|
Ms Sheila Rhodes
|
|
|
Ms Michelle Parsons
|
|
|
|
|
|
|
|
Secretary
|
Sheila Rhodes
|
|
|
|
|
|
|
|
Company number
|
04620454
|
|
|
|
|
|
|
|
Registered office
|
9 Elborough Gardens
|
|
|
Elborough
|
|
|
Weston super Mare
|
|
|
N Somerset
|
|
|
BS24 8PL
|
|
|
|
|
|
|
|
Business address
|
9 Elborough Gardens
|
|
|
Elborough
|
|
|
Weston super Mare
|
|
|
N Somerset
|
|
|
BS24 8PL
|
|
|
|
|
|
|
|
Accountants
|
Arcadia Chartered Tax Advisers & Accountants
|
|
|
9 Elborough Gardens
|
|
|
Elborough
|
|
|
Weston super Mare
|
|
|
North Somerset
|
|
|
BS24 8PL
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Bankers
|
HSBC
|
|
|
12 Victoria Street
|
|
|
Nottingham
|
|
|
NG1 2FF
|
|
|
|
Arcadia (South West) Limited
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Arcadia (South West) Limited
Year ended 31 March 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Arcadia (South West) Limited for the year ended 31 March 2018 which comprise the statement of comprehensive income, statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of Chartered Institute of Taxation, we are subject to its ethical and other professional requirements which are detailed at http://www.tax.org.uk/professionalstandards.
This report is made solely to the board of directors of Arcadia (South West) 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 Arcadia (South West) Limited and state those matters that we have agreed to state to the board of directors of Arcadia (South West) Limited as a body, in this report in accordance with the requirements of Chartered Institute of Taxation as detailed at To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Arcadia (South West) Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Arcadia (South West) 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 Arcadia (South West) Limited. You consider that Arcadia (South West) 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 Arcadia (South West) 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.
Arcadia Chartered Tax Advisers & Accountants
9 Elborough Gardens
Elborough
Weston super Mare
North Somerset
BS24 8PL
19 May 2018
Arcadia (South West) Limited
Statement of comprehensive income
Year ended 31 March 2018
|
|
|
|
2018
|
|
2017
|
|
|
|
|
Note
|
|
£
|
|
£
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Turnover
|
|
|
|
174,861
|
|
98,346
|
|
|
Cost of sales
|
|
|
|
(
534)
|
|
(
295)
|
|
|
|
|
|
|
______
|
|
______
|
|
|
Gross profit
|
|
|
|
174,327
|
|
98,051
|
|
|
|
|
|
|
|
|
|
|
|
Administrative expenses
|
|
|
|
(
82,408)
|
|
(
56,434)
|
|
|
|
|
|
|
______
|
|
______
|
|
|
Operating profit
|
|
|
|
91,919
|
|
41,617
|
|
|
|
|
|
|
|
|
|
|
|
Other interest receivable and similar income
|
|
|
|
-
|
|
6
|
|
|
|
|
|
|
______
|
|
______
|
|
|
Profit before taxation
|
|
5
|
|
91,919
|
|
41,623
|
|
|
|
|
|
|
|
|
|
|
|
Tax on profit
|
|
|
|
(
17,499)
|
|
(
8,288)
|
|
|
|
|
|
|
______
|
|
______
|
|
|
Profit for the financial year and total comprehensive income
|
|
|
|
74,420
|
|
33,335
|
|
|
|
|
|
|
______
|
|
______
|
|
|
|
|
|
|
|
|
|
|
|
All the activities of the company are from continuing operations.
Arcadia (South West) Limited
Statement of financial position
31 March 2018
|
|
|
2018
|
|
|
|
2017
|
|
|
|
|
Note
|
£
|
|
£
|
|
£
|
|
£
|
|
|
|
|
|
|
|
|
|
|
Fixed assets
|
|
|
|
|
|
|
|
|
|
Tangible assets
|
|
6
|
-
|
|
|
|
184
|
|
|
|
|
|
______
|
|
|
|
______
|
|
|
|
|
|
|
|
-
|
|
|
|
184
|
|
|
|
|
|
|
|
|
|
|
Current assets
|
|
|
|
|
|
|
|
|
|
Debtors
|
|
7
|
32,439
|
|
|
|
30,616
|
|
|
Cash at bank and in hand
|
|
|
85,846
|
|
|
|
39,290
|
|
|
|
|
|
______
|
|
|
|
______
|
|
|
|
|
|
118,285
|
|
|
|
69,906
|
|
|
Creditors: amounts falling due
|
|
|
|
|
|
|
|
|
|
within one year
|
|
8
|
(
36,373)
|
|
|
|
(
16,538)
|
|
|
|
|
|
______
|
|
|
|
______
|
|
|
Net current assets
|
|
|
|
|
81,912
|
|
|
|
53,368
|
|
|
|
|
|
______
|
|
|
|
______
|
Total assets less current liabilities
|
|
|
|
|
81,912
|
|
|
|
53,552
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
______
|
|
|
|
______
|
Net assets
|
|
|
|
|
81,912
|
|
|
|
53,552
|
|
|
|
|
|
______
|
|
|
|
______
|
|
|
|
|
|
|
|
|
|
|
Capital and reserves
|
|
|
|
|
|
|
|
|
|
Called up share capital
|
|
|
|
|
6
|
|
|
|
6
|
Reserve for own shares
|
|
|
|
|
823
|
|
|
|
823
|
Profit and loss account
|
|
|
|
|
81,083
|
|
|
|
52,723
|
|
|
|
|
|
______
|
|
|
|
______
|
Shareholders funds
|
|
|
|
|
81,912
|
|
|
|
53,552
|
|
|
|
|
|
______
|
|
|
|
______
|
|
|
|
|
|
|
|
|
|
|
For the year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
These financial statements were approved by the
board of directors
and authorised for issue on
19 May 2018
, and are signed on behalf of the board by:
Ms Michelle Parsons
Director
Company registration number:
04620454
Arcadia (South West) Limited
Statement of changes in equity
Year ended 31 March 2018
|
|
Called up share capital
|
|
Reserve for own shares
|
|
Profit and loss account
|
Total
|
|
|
|
|
|
£
|
|
£
|
|
£
|
£
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At 1 April 2016
|
|
3
|
|
823
|
|
43,736
|
44,562
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit for the year
|
|
|
|
|
|
33,335
|
33,335
|
|
|
|
|
|
______
|
|
______
|
|
______
|
______
|
|
|
|
Total comprehensive income for the year
|
|
-
|
|
-
|
|
33,335
|
33,335
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issue of shares
|
|
3
|
|
|
|
|
3
|
|
|
|
Dividends paid and payable
|
|
|
|
|
|
(
24,348)
|
(
24,348)
|
|
|
|
|
|
______
|
|
______
|
|
______
|
______
|
|
|
|
Total investments by and distributions to owners
|
|
3
|
|
-
|
|
(
24,348)
|
(
24,345)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
______
|
|
______
|
|
______
|
______
|
|
|
|
At 31 March 2017 and 1 April 2017
|
|
6
|
|
823
|
|
52,723
|
53,552
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit for the year
|
|
|
|
|
|
74,420
|
74,420
|
|
|
|
|
|
______
|
|
______
|
|
______
|
______
|
|
|
|
Total comprehensive income for the year
|
|
-
|
|
-
|
|
74,420
|
74,420
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends paid and payable
|
|
|
|
|
|
(
46,060)
|
(
46,060)
|
|
|
|
|
|
______
|
|
______
|
|
______
|
______
|
|
|
|
Total investments by and distributions to owners
|
|
-
|
|
-
|
|
(
46,060)
|
(
46,060)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
______
|
|
______
|
|
______
|
______
|
|
|
|
At 31 March 2018
|
|
6
|
|
823
|
|
81,083
|
81,912
|
|
|
|
|
|
______
|
|
______
|
|
______
|
______
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Arcadia (South West) Limited
Notes to the financial statements
Year ended 31 March 2018
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is Arcadia (South West) Limited, 9 Elborough Gardens, Elborough, Weston super Mare, N Somerset, BS24 8PL.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Fittings fixtures and equipment
|
-
|
50 %
|
straight line
|
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4.
Staff costs
The average number of persons employed by the company during the year amounted to
3
(2017:
3
).
5.
Profit before taxation
Profit before taxation is stated after charging/(crediting):
|
|
|
|
2018
|
2017
|
|
|
|
|
£
|
£
|
|
Depreciation of tangible assets
|
|
|
184
|
184
|
|
|
|
|
______
|
______
|
|
|
|
|
|
|
6.
Tangible assets
|
|
Fixtures, fittings and equipment
|
Total
|
|
|
|
|
|
|
|
£
|
£
|
|
|
|
|
|
|
Cost
|
|
|
|
|
|
|
|
|
At 1 April 2017 and 31 March 2018
|
368
|
368
|
|
|
|
|
|
|
|
______
|
______
|
|
|
|
|
|
|
Depreciation
|
|
|
|
|
|
|
|
|
At 1 April 2017
|
184
|
184
|
|
|
|
|
|
|
Charge for the year
|
184
|
184
|
|
|
|
|
|
|
|
______
|
______
|
|
|
|
|
|
|
At 31 March 2018
|
368
|
368
|
|
|
|
|
|
|
|
______
|
______
|
|
|
|
|
|
|
Carrying amount
|
|
|
|
|
|
|
|
|
At 31 March 2018
|
-
|
-
|
|
|
|
|
|
|
|
______
|
______
|
|
|
|
|
|
|
At 31 March 2017
|
184
|
184
|
|
|
|
|
|
|
|
______
|
______
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7.
Debtors
|
|
|
2018
|
2017
|
|
|
|
£
|
£
|
|
Trade debtors
|
|
32,337
|
20,616
|
|
Other debtors
|
|
102
|
10,000
|
|
|
|
______
|
______
|
|
|
|
32,439
|
30,616
|
|
|
|
______
|
______
|
|
|
|
|
|
8.
Creditors: amounts falling due within one year
|
|
|
2018
|
2017
|
|
|
|
£
|
£
|
|
Bank loans and overdrafts
|
|
566
|
212
|
|
Trade creditors
|
|
2,579
|
2,409
|
|
Corporation tax
|
|
17,499
|
8,288
|
|
Social security and other taxes
|
|
15,729
|
5,629
|
|
|
|
______
|
______
|
|
|
|
36,373
|
16,538
|
|
|
|
______
|
______
|
|
|
|
|
|