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REGISTERED NUMBER: NI043068 (Northern Ireland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

ADCROFT AMUSEMENTS LIMITED

ADCROFT AMUSEMENTS LIMITED (REGISTERED NUMBER: NI043068)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

ADCROFT AMUSEMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: Mrs Lindsay Adcroft
Miss Marnie Adcroft



SECRETARY: Mrs Lindsay Adcroft



REGISTERED OFFICE: C/O Stephen Perrott & Co, Solicitors
49C High Street
Holywood
Co. Down
BT18 9AB



REGISTERED NUMBER: NI043068 (Northern Ireland)



ACCOUNTANTS: D M McNaught & Co Ltd
Chartered Accountants
166 Buchanan Street
Glasgow
Lanarkshire
G1 2LW



BANKERS: Royal Bank of Scotland Plc
Glasgow Paisley Road Branch
469 Paisley Road
Glasgow
G5 8RJ

ADCROFT AMUSEMENTS LIMITED (REGISTERED NUMBER: NI043068)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 784,724 705,738
Investments 5 12,752 12,752
797,476 718,490

CURRENT ASSETS
Debtors 6 251,533 92,953
Cash at bank and in hand 908,107 1,148,234
1,159,640 1,241,187
CREDITORS
Amounts falling due within one year 7 447,131 532,625
NET CURRENT ASSETS 712,509 708,562
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,509,985

1,427,052

CREDITORS
Amounts falling due after more than one
year

8

(159,194

)

(109,560

)

PROVISIONS FOR LIABILITIES (23,496 ) (25,095 )
NET ASSETS 1,327,295 1,292,397

CAPITAL AND RESERVES
Called up share capital 10 102 102
Share premium 417,419 417,419
Retained earnings 909,774 874,876
SHAREHOLDERS' FUNDS 1,327,295 1,292,397

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

ADCROFT AMUSEMENTS LIMITED (REGISTERED NUMBER: NI043068)

BALANCE SHEET - continued
30 JUNE 2023


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 17 August 2023 and were signed on its behalf by:





Mrs Lindsay Adcroft - Director


ADCROFT AMUSEMENTS LIMITED (REGISTERED NUMBER: NI043068)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Adcroft Amusements Limited is a private company, limited by shares , registered in Northern Ireland. 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.

Turnover
Turnover represents the total cash takings from amusement machines , less vat and machine games duty.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

ADCROFT AMUSEMENTS LIMITED (REGISTERED NUMBER: NI043068)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 July 2022 889,351 572,581 68,493 - 1,530,425
Additions 36,011 - 882 81,899 118,792
At 30 June 2023 925,362 572,581 69,375 81,899 1,649,217
DEPRECIATION
At 1 July 2022 283,991 476,713 63,983 - 824,687
Charge for year 17,787 14,388 802 6,829 39,806
At 30 June 2023 301,778 491,101 64,785 6,829 864,493
NET BOOK VALUE
At 30 June 2023 623,584 81,480 4,590 75,070 784,724
At 30 June 2022 605,360 95,868 4,510 - 705,738

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 81,899
At 30 June 2023 81,899
DEPRECIATION
Charge for year 6,829
At 30 June 2023 6,829
NET BOOK VALUE
At 30 June 2023 75,070

ADCROFT AMUSEMENTS LIMITED (REGISTERED NUMBER: NI043068)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2022
and 30 June 2023 12,752
NET BOOK VALUE
At 30 June 2023 12,752
At 30 June 2022 12,752

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Kiddieland Ltd
Registered office:
Nature of business: Non Trading
%
Class of shares: holding
Ordinary 100.00
30/9/23 30/9/22
£    £   
Aggregate capital and reserves 12,572 12,572

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 240,021 92,953
Prepayments 11,512 -
251,533 92,953

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 24,203 24,203
Hire purchase contracts 13,470 -
Taxation and social security 43,386 124,054
Other creditors 366,072 384,368
447,131 532,625

ADCROFT AMUSEMENTS LIMITED (REGISTERED NUMBER: NI043068)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 90,752 109,560
Hire purchase contracts 68,442 -
159,194 109,560

Amounts falling due in more than five years:

Repayable by instalments
Bounce back loan 19,463 23,799

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 114,955 133,763

The bank borrowing is secured by a debenture by the company, a legal charge over the companies heritable property , and by personal guarantee of the directors.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
102 102

11. RELATED PARTY DISCLOSURES

Included in other loans is the sum of £288,351 ( 2022 £293,085) in respect of a loan advanced by John W Adcroft Ltd a company under the control of the director of this company. No interest is payable on this loan.

Included in Other Debtors is a loan of £200,021 ( 2022 £92,953 ) to J W A Property Management Ltd in which company Mrs Lindsay Adcroft is a Director and Shareholder.

The ultimate controlling party is the Directors.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ADCROFT AMUSEMENTS LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Adcroft Amusements Limited for the year ended 30 June 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Adcroft Amusements Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Adcroft Amusements Limited and state those matters that we have agreed to state to the Board of Directors of Adcroft Amusements Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Adcroft Amusements Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Adcroft Amusements Limited. You consider that Adcroft Amusements Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Adcroft Amusements Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






D M McNaught & Co Ltd
Chartered Accountants
166 Buchanan Street
Glasgow
Lanarkshire
G1 2LW


18 August 2023