Arca Trading Limited - Period Ending 2015-08-31

Registration number: 07727064

Arca Trading Limited

Unaudited Abbreviated Accounts
 
for the Year Ended 31 August 2015

Arca Trading Limited

Contents

Abbreviated Balance Sheet	1 to 2
Notes to the Abbreviated Accounts	3 to 4

Arca Trading Limited

(Registration number: 07727064)
Abbreviated Balance Sheet as at 31 August 2015

	Note	2015  £	2014  £
Fixed assets
Tangible assets	2	2,329	-
Current assets
Stocks		7,500	7,500
Debtors		637	260
Cash at bank and in hand		23,907	30,719
		32,044	38,479
Prepayments and accrued income		36,736	36,856
Creditors: Amounts falling due within one year		(79,099)	(92,818)
Net current liabilities		(10,319)	(17,483)
Total assets less current liabilities		(7,990)	(17,483)
Accruals and deferred income		(1,500)	(1,500)
Net liabilities		(9,490)	(18,983)
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		(9,491)	(18,984)
Shareholders deficit		(9,490)	(18,983)

For the year ending 31 August 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the director on 25 May 2016

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

Arca Trading Limited

(Registration number: 07727064)
Abbreviated Balance Sheet as at 31 August 2015

.........................................
Mrs Mary Naomi Taylor
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Arca Trading Limited

Notes to the Abbreviated Accounts

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention.

Exemption from preparing a cash flow statement

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Revenue recognition

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	15% - reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Page 3

Arca Trading Limited

Notes to the Abbreviated Accounts

2

Fixed assets

	Tangible assets £	Total £
Cost
Additions	2,740	2,740
At 31 August 2015	2,740	2,740
Depreciation
Charge for the year	411	411
At 31 August 2015	411	411
Net book value
At 31 August 2015	2,329	2,329

3

Share capital

Allotted, called up and fully paid shares

	2015		2014
	No.	£	No.	£
Ordinary shares of £1 each	1	1	1	1

4

Control

The director is the controlling party by virtue of her controlling shareholding in the company.

Page 4