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

REGISTERED NUMBER: 00342409 (England and Wales)

THE ARCADE FURNISHERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 10TH JANUARY 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M W Seaman-Hill

Mr A W Goodwin

REGISTERED OFFICE:

5 Gernon Walk

Letchworth Garden City

Hertfordshire

SG6 3HW

REGISTERED NUMBER:

00342409 (England and Wales)

ACCOUNTANTS:

Keens Shay Keens Limited

5 Gernon Walk

Letchworth Garden City

Hertfordshire

SG6 3HW

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

-

-

Investments

7

1

1

1

1

CURRENT ASSETS

Debtors

8

502,559

502,559

Cash at bank

510,879

509,857

1,013,438

1,012,416

CREDITORS

Amounts falling due within one year

9

53,349

45,134

NET CURRENT ASSETS

960,089

967,282

TOTAL ASSETS LESS CURRENT LIABILITIES

960,090

967,283

CAPITAL AND RESERVES

Called up share capital

10

15,840

15,840

Retained earnings

944,250

951,443

SHAREHOLDERS' FUNDS

960,090

967,283

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 10th January 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 10th January 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 20th November 2018 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Turnover

Turnover represents the total value of rents receivable during the year and derives from the company's

ordinary activities.

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 year 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 year 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 year was 2 (2017 - 2 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 11th January 2017

and 10th January 2018

100

AMORTISATION

At 11th January 2017

and 10th January 2018

100

NET BOOK VALUE

At 10th January 2018

-

At 10th January 2017

-

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 11th January 2017

and 10th January 2018

922

DEPRECIATION

At 11th January 2017

and 10th January 2018

922

NET BOOK VALUE

At 10th January 2018

-

At 10th January 2017

-

7.	INVESTMENTS

Other

investments

£

COST

At 11th January 2017

and 10th January 2018

1

NET BOOK VALUE

At 10th January 2018

1

At 10th January 2017

1

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

502,559

502,559

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other creditors

53,349

45,134

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

15,840

Ordinary shares

£1

15,840

15,840