The Arcade Furnishers Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00342409 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 11 JANUARY 2020 TO 30 APRIL 2021

FOR

THE ARCADE FURNISHERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A W Goodwin

Mr M W Seaman-Hill

REGISTERED OFFICE:

260 - 270 Butterfield

Great Marlings

Luton

Bedfordshire

LU2 8DL

REGISTERED NUMBER:

00342409 (England and Wales)

ACCOUNTANTS:

Foxley Kingham

Chartered Accountants

260 - 270 Butterfield

Great Marlings

Luton

Bedfordshire

LU2 8DL

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

-

-

Investments

7

-

1

-

1

CURRENT ASSETS

Debtors

8

200,000

-

Cash at bank

129,298

138,767

329,298

138,767

CREDITORS

Amounts falling due within one year

9

40,474

12,262

NET CURRENT ASSETS

288,824

126,505

TOTAL ASSETS LESS CURRENT LIABILITIES

288,824

126,506

CAPITAL AND RESERVES

Called up share capital

10

15,840

15,840

Retained earnings

272,984

110,666

SHAREHOLDERS' FUNDS

288,824

126,506

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 January 2022 and were signed on its behalf by:

Mr M W Seaman-Hill - Director

1.	STATUTORY INFORMATION

The Arcade Furnishers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Goodwill

Goodwill has been amortised.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Investments

Investments in unlisted company shares, whose market value cannot be reliably determined, are stated at historical cost less impairment.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2020 - 2 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 11 January 2020

100

Disposals

(100

)

At 30 April 2021

-

AMORTISATION

At 11 January 2020

100

Eliminated on disposal

(100

)

At 30 April 2021

-

NET BOOK VALUE

At 30 April 2021

-

At 10 January 2020

-

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 11 January 2020

922

Disposals

(922

)

At 30 April 2021

-

DEPRECIATION

At 11 January 2020

922

Eliminated on disposal

(922

)

At 30 April 2021

-

NET BOOK VALUE

At 30 April 2021

-

At 10 January 2020

-

7.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 11 January 2020

1

Disposals

(1

)

At 30 April 2021

-

NET BOOK VALUE

At 30 April 2021

-

At 10 January 2020

1

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Other debtors

200,000

-

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Taxation and social security

38,074

-

Other creditors

2,400

12,262

40,474

12,262

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

15,840

Ordinary shares

£1

15,840

15,840

11.	RELATED PARTY DISCLOSURES

During the year the company disposed of its investment of 1 Ordinary share in Hitchin Arcade Limited for a sum of £200,000 . The investment was was sold to Seaberry Limited. Mr M.W. Seaman-Hill is a director of both Hitchin Arcade Limited and Seaberry Limited..