Company Registration No. 05222499 (England and Wales)
ARCADIA 7 LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015
ARCADIA 7 LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ARCADIA 7 LTD
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2015
30 September 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
342,501
157,904
Current assets
Debtors
14,445
1,350
Cash at bank and in hand
315,540
278,354
329,985
279,704
Creditors: amounts falling due within one year
(259,337)
(176,289)
Net current assets
70,648
103,415
Total assets less current liabilities
413,149
261,319
Capital and reserves
Called up share capital
3
4
4
Profit and loss account
413,145
261,315
Shareholders' funds
413,149
261,319
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.
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 abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board and authorised for issue on 26 April 2016
T A Briggs
Director
Company Registration No. 05222499
ARCADIA 7 LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention.
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 amounts receivable for goods net of VAT and trade discounts. Revenue is invoiced and recognised at the point of sale.
Revenue is invoiced and recognised at the point of sale.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land 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:
Land and buildings Freehold
Not depreciated
Plant and machinery
20% Reducing balance
Computer equipment
33.33% Reducing balance
1.5
Pensions
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.
1.6
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
ARCADIA 7 LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2015
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 October 2014
160,786
Additions
186,882
At 30 September 2015
347,668
Depreciation
At 1 October 2014
2,882
Charge for the year
2,285
At 30 September 2015
5,167
Net book value
At 30 September 2015
342,501
At 30 September 2014
157,904
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
4 Ordinary of £1 each
4
4