ARCA (Plymouth) Limited 12187662 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of museums activities. Digita Accounts Production Advanced 6.30.9574.0 true true true 12187662 2023-04-01 2024-03-31 12187662 2024-03-31 12187662 core:CurrentFinancialInstruments 2024-03-31 12187662 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 12187662 core:FurnitureFittings 2024-03-31 12187662 core:OfficeEquipment 2024-03-31 12187662 bus:SmallEntities 2023-04-01 2024-03-31 12187662 bus:Audited 2023-04-01 2024-03-31 12187662 bus:FilletedAccounts 2023-04-01 2024-03-31 12187662 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 12187662 bus:RegisteredOffice 2023-04-01 2024-03-31 12187662 bus:Director4 2023-04-01 2024-03-31 12187662 bus:CompanyLimitedByGuarantee 2023-04-01 2024-03-31 12187662 core:ComputerEquipment 2023-04-01 2024-03-31 12187662 core:FurnitureFittings 2023-04-01 2024-03-31 12187662 core:OfficeEquipment 2023-04-01 2024-03-31 12187662 1 2023-04-01 2024-03-31 12187662 countries:EnglandWales 2023-04-01 2024-03-31 12187662 2023-03-31 12187662 core:FurnitureFittings 2023-03-31 12187662 core:OfficeEquipment 2023-03-31 12187662 2022-04-01 2023-03-31 12187662 2023-03-31 12187662 core:CurrentFinancialInstruments 2023-03-31 12187662 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 12187662 core:FurnitureFittings 2023-03-31 12187662 core:OfficeEquipment 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 12187662

ARCA (Plymouth) Limited

(A company limited by guarantee)

Filleted Financial Statements

for the Year Ended 31 March 2024

 

ARCA (Plymouth) Limited

Contents

Statement of Financial Position

1

Notes to the Financial Statements

2 to 6

 

ARCA (Plymouth) Limited

(Registration number: 12187662)
Statement of Financial Position as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

33,357

33,153

Current assets

 

Stocks

5

46,065

46,107

Debtors

6

306,983

513,312

Cash at bank and in hand

 

1,755,778

795,209

 

2,108,826

1,354,628

Creditors: Amounts falling due within one year

7

(2,142,183)

(1,387,781)

Net current liabilities

 

(33,357)

(33,153)

Net assets/(liabilities)

 

-

-

Reserves

 

Surplus/(deficit)

 

-

-

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 25 July 2024 and signed on its behalf by:
 


Susannah V L Pomery
Director

 

ARCA (Plymouth) Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £Nil towards the assets of the company in the event of liquidation.

The address of its registered office is:
Plymouth City Council
Ballard House
West Hoe Road
Plymouth
Devon
PL1 3BJ

Principal activity

The principal activity of the company is that of museums activities.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

 

ARCA (Plymouth) Limited

Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 8 October 2024 was Adam Croney ACA, who signed for and on behalf of Westcotts (SW) LLP, of Plym House, 3 Longbridge Road, Plymouth, Devon, United Kingdom, PL6 8LT.

.........................................

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

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

Admission fees and shop income are recognised at the point of sale, being the delivery of goods and services to customers.

Ticket sales, Informal learning and Provision of facilities and services are recognised at the point of sale as they are all non refundable once purchased.

Sponsorship income is recognised on the earlier of date of agreement or receipt of income as this is non refundable once received.

Membership income is recognised evenly over the period of membership.

Grant income is recognised on the accruals basis.

Government grant income is recognised at fair value of the grant received or receivable.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

ARCA (Plymouth) Limited

Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Asset class

Depreciation method and rate

Fixtures and Fittings

20% reducing balance

Computer Equipment

3 years straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Leases

Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

Multi employer plans

Grants paid are recognised at the point where the recipient of the grant is entitled to the funds, which have been agreed by the board.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 4).

 

ARCA (Plymouth) Limited

Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)

4

Tangible assets

Fixtures and fittings
£

Computer equipment
£

Total
£

Cost or valuation

At 1 April 2023

25,294

24,273

49,567

Additions

-

12,610

12,610

At 31 March 2024

25,294

36,883

62,177

Depreciation

At 1 April 2023

5,467

10,947

16,414

Charge for the year

3,965

8,441

12,406

At 31 March 2024

9,432

19,388

28,820

Carrying amount

At 31 March 2024

15,862

17,495

33,357

At 31 March 2023

19,827

13,326

33,153

5

Stocks

2024
£

2023
£

Finished goods and goods for resale

46,065

46,107

6

Debtors

2024
£

2023
£

Trade debtors

96,369

321,077

Other debtors

187,369

192,235

Prepayments

23,245

-

306,983

513,312

 

ARCA (Plymouth) Limited

Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

38,409

309,272

Taxation and social security

21,109

25,661

Other creditors

2,082,665

1,052,848

2,142,183

1,387,781

8

Parent and ultimate parent undertaking

The ultimate controlling party is Plymouth City Council.