Registered Number:03218443 |
For the year ended 30 November 2023
England and Wales
Unaudited Financial Statements
Arcade Leasing Ltd
Statement of Financial Position
2022
2023
Property, plant and equipment |
9,332,289
9,325,916
2
9,332,289
9,325,916
Trade and other receivables |
717,217
241,088
3
128,650
Cash and cash equivalents |
549,147
790,235
845,867
Trade and other payables: amounts falling due within one |
year |
(298,838)
(803,177)
4
547,029
(12,942)
Net current liabilities
Total assets less current liabilities |
9,319,347
9,872,945
Trade and other payables: amounts falling due after more |
than one year |
(3,320,000)
(2,350,000)
5
6,969,347
Net assets
6,552,945
3
3
6,969,344
6,552,942
6,969,347
6,552,945
Shareholders' funds
For the year ended 30 November 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mrs Karen Caddick Director |
These financial statements were approved and authorised for issue by the Board on 19 April 2024 and were signed by: |
The notes form part of these financial statements |
1 of 4
For the year ended 30 November 2023
Arcade Leasing Ltd
Notes to the Financial Statements
Statutory Information
Arcade Leasing Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 03218443. |
Syston Farm
Carsons Road
Mangotsfield
Bristol
BS16 9LL
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Motor vehicles
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected |
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation |
would be immaterial. The directors undertake an annual impairment review of these properties. |
2 of 4
For the year ended 30 November 2023
Arcade Leasing Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor vehicles
9,343,574
8,030
10,137
9,325,407
8,724
-
8,724
-
9,325,407
18,861
8,030
9,352,298
Provision for depreciation and impairment |
17,658
8,030
9,628
-
Charge for year
2,351
-
2,351
-
20,009
8,030
11,979
-
9,325,407
6,882
-
9,332,289
9,325,407
509
-
9,325,916
3. Trade and other receivables |
2022
2023
241,088
717,217
4. Trade and other payables: amounts falling due within one year |
2022
2023
(1)
(1)
Amounts owed to group undertaking and undertaking in which the |
company has a participating interest |
(211,937)
-
Taxation and social security |
122,909
130,430
892,206
168,409
803,177
298,838
5. Trade and other payables: amounts falling due after more than one year |
2022
2023
Bank loans and overdraft (secured) |
-
50,000
2,350,000
3,270,000
2,350,000
3,320,000
3 of 4
For the year ended 30 November 2023
Arcade Leasing Ltd
Notes to the Financial Statements Continued
6. Average number of persons employed |
During the year the average number of employees was 2 (2022 : 2)
4 of 4