Company Registration No. 05222499 (England and Wales)
ARCADIA 7 LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
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 2016
30 September 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
547,271
342,501
Current assets
Debtors
23,687
14,445
Cash at bank and in hand
304,863
315,540
328,550
329,985
Creditors: amounts falling due within one year
(240,000)
(259,337)
Net current assets
88,550
70,648
Total assets less current liabilities
635,821
413,149
Capital and reserves
Called up share capital
3
4
4
Profit and loss account
635,817
413,145
Shareholders' funds
635,821
413,149
For the financial year ended 30 September 2016 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 22 March 2017
T A Briggs
Director
Company Registration No. 05222499
ARCADIA 7 LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 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 2016
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 October 2015
347,668
Additions
206,543
At 30 September 2016
554,211
Depreciation
At 1 October 2015
5,167
Charge for the year
1,773
At 30 September 2016
6,940
Net book value
At 30 September 2016
547,271
At 30 September 2015
342,501
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
4 Ordinary of £1 each
4
4