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REGISTERED NUMBER: 08274474 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022

FOR

BARCADE LTD

BARCADE LTD (REGISTERED NUMBER: 08274474)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BARCADE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2022







DIRECTORS: F J Kitching
S R Dennison
M Jones
Edition Capital Directors Ltd





REGISTERED OFFICE: The Stables
Goblands Farm Business Centre
Cemetery Lane
Hadlow
Kent
TN11 0LT





REGISTERED NUMBER: 08274474 (England and Wales)

BARCADE LTD (REGISTERED NUMBER: 08274474)

BALANCE SHEET
31 OCTOBER 2022

2022 2021
Notes £ £
FIXED ASSETS
Tangible assets 4 420,432 293,469
Investments 5 2 1
420,434 293,470

CURRENT ASSETS
Stocks 23,795 22,496
Debtors 6 864,455 595,726
Cash at bank and in hand 460,580 900,170
1,348,830 1,518,392
CREDITORS
Amounts falling due within one year 7 (186,278 ) (233,379 )
NET CURRENT ASSETS 1,162,552 1,285,013
TOTAL ASSETS LESS CURRENT LIABILITIES 1,582,986 1,578,483

CREDITORS
Amounts falling due after more than one year 8 (145,191 ) (250,000 )

PROVISIONS FOR LIABILITIES (69,077 ) (43,847 )
NET ASSETS 1,368,718 1,284,636

CAPITAL AND RESERVES
Called up share capital 1,667 1,667
Share premium 9 1,119,546 1,119,546
Retained earnings 9 247,505 163,423
1,368,718 1,284,636

BARCADE LTD (REGISTERED NUMBER: 08274474)

BALANCE SHEET - continued
31 OCTOBER 2022


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2023 and were signed on its behalf by:





F J Kitching - Director


BARCADE LTD (REGISTERED NUMBER: 08274474)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

1. STATUTORY INFORMATION

Barcade Ltd 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax.

The company derives its income from bar, catering and entertainment (including retro video gaming machines) which is recognised on a receipts basis.

The company also derives income from functions which is recognised on the date of the event.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Over period of lease
Plant and machinery - 3 to 5 years on cost
Fixtures and fittings - 3 to 5 years on cost
Computer equipment - 25% on reducing balance

The company adopts a policy of revaluing Plant & Machinery (Arcade Machines) and they were stated at their revalued amount less any subsequent depreciation and accumulated impairment losses. The difference between depreciation based on the deemed cost charged in the profit and loss account and the asset's original cost is transferred from revaluation reserve to retained earnings.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.


BARCADE LTD (REGISTERED NUMBER: 08274474)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2022

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

BARCADE LTD (REGISTERED NUMBER: 08274474)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2021 - 24 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£ £ £ £ £
COST
At 1 November 2021 166,020 212,458 86,020 3,789 468,287
Additions 12,686 124,214 21,597 2,082 160,579
At 31 October 2022 178,706 336,672 107,617 5,871 628,866
DEPRECIATION
At 1 November 2021 103,323 - 69,896 1,599 174,818
Charge for year 18,514 - 14,034 1,068 33,616
At 31 October 2022 121,837 - 83,930 2,667 208,434
NET BOOK VALUE
At 31 October 2022 56,869 336,672 23,687 3,204 420,432
At 31 October 2021 62,697 212,458 16,124 2,190 293,469

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 November 2021 1
Additions 1
At 31 October 2022 2
NET BOOK VALUE
At 31 October 2022 2
At 31 October 2021 1

BARCADE LTD (REGISTERED NUMBER: 08274474)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2022

6. DEBTORS
2022 2021
£ £
Amounts falling due within one year:
Trade debtors 11,115 -
Amounts owed by group undertakings 749,011 528,335
Other debtors 98,529 60,791
858,655 589,126

Amounts falling due after more than one year:
Other debtors 5,800 6,600

Aggregate amounts 864,455 595,726

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Bank loans and overdrafts 3,408 311
Trade creditors 40,497 114,515
Taxation and social security 20,740 72,613
Other creditors 121,633 45,940
186,278 233,379

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£ £
Other creditors 145,191 250,000

9. RESERVES
Retained Share
earnings premium Totals
£ £ £

At 1 November 2021 163,423 1,119,546 1,282,969
Profit for the year 84,082 84,082
At 31 October 2022 247,505 1,119,546 1,367,051

10. CAPITAL COMMITMENTS
2022 2021
£ £
Contracted but not provided for in the
financial statements 780,942 882,714