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REGISTERED NUMBER: 12091001 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Arc Leisure Ltd

Arc Leisure Ltd (Registered number: 12091001)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Arc Leisure Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTOR: A R Cromack





REGISTERED OFFICE: 4 The Plaza
Denmark Street
Wokingham





REGISTERED NUMBER: 12091001 (England and Wales)





ACCOUNTANTS: M Chilton Accountancy Services Limited
16 Reed Mace Drive
Bromsgrove
Worcestershire
B61 0UJ

Arc Leisure Ltd (Registered number: 12091001)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 20,533 28,232
Tangible assets 5 551,630 602,028
572,163 630,260

CURRENT ASSETS
Debtors 6 68,327 70,413

CREDITORS
Amounts falling due within one year 7 100,021 50,916
NET CURRENT (LIABILITIES)/ASSETS (31,694 ) 19,497
TOTAL ASSETS LESS CURRENT
LIABILITIES

540,469

649,757

CREDITORS
Amounts falling due after more than one
year

8

(770,915

)

(822,822

)

ACCRUALS AND DEFERRED INCOME (8,253 ) (137 )
NET LIABILITIES (238,699 ) (173,202 )

CAPITAL AND RESERVES
Called up share capital 280 280
Retained earnings (238,979 ) (173,482 )
(238,699 ) (173,202 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Arc Leisure Ltd (Registered number: 12091001)

Balance Sheet - continued
31 July 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 director and authorised for issue on 16 April 2024 and were signed by:





A R Cromack - Director


Arc Leisure Ltd (Registered number: 12091001)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Arc Leisure 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.

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

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.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost, 20% on cost and in accordance with the property

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.

Arc Leisure Ltd (Registered number: 12091001)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 August 2022
and 31 July 2023 38,499
AMORTISATION
At 1 August 2022 10,267
Charge for year 7,699
At 31 July 2023 17,966
NET BOOK VALUE
At 31 July 2023 20,533
At 31 July 2022 28,232

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 677,164
Additions 19,554
At 31 July 2023 696,718
DEPRECIATION
At 1 August 2022 75,136
Charge for year 69,952
At 31 July 2023 145,088
NET BOOK VALUE
At 31 July 2023 551,630
At 31 July 2022 602,028

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 24,653 14,280
Other debtors 43,674 56,133
68,327 70,413

Arc Leisure Ltd (Registered number: 12091001)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 18,349 23,727
Trade creditors 55,700 20,411
Taxation and social security 17,426 6,318
Other creditors 8,546 460
100,021 50,916

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 27,736 37,442
Other creditors 743,179 785,380
770,915 822,822

Other creditors falling due after one year includes £663,179 due to directors and shareholders (2022: £735,380) .