Acorah Software Products - Accounts Production 15.0.600 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 10299067 Mr A Book Mr S Hobbs Mr J Meggitt iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10299067 2023-07-31 10299067 2024-07-31 10299067 2023-08-01 2024-07-31 10299067 frs-core:CurrentFinancialInstruments 2024-07-31 10299067 frs-core:BetweenOneFiveYears 2024-07-31 10299067 frs-core:ComputerEquipment 2024-07-31 10299067 frs-core:ComputerEquipment 2023-08-01 2024-07-31 10299067 frs-core:ComputerEquipment 2023-07-31 10299067 frs-core:FurnitureFittings 2024-07-31 10299067 frs-core:FurnitureFittings 2023-08-01 2024-07-31 10299067 frs-core:FurnitureFittings 2023-07-31 10299067 frs-core:WithinOneYear 2024-07-31 10299067 frs-core:ShareCapital 2024-07-31 10299067 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 10299067 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 10299067 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 10299067 frs-bus:SmallEntities 2023-08-01 2024-07-31 10299067 frs-bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 10299067 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 10299067 frs-bus:Director1 2023-08-01 2024-07-31 10299067 frs-bus:Director2 2023-08-01 2024-07-31 10299067 frs-bus:Director3 2023-08-01 2024-07-31 10299067 frs-core:CurrentFinancialInstruments 9 2024-07-31 10299067 frs-countries:EnglandWales 2023-08-01 2024-07-31 10299067 2022-07-31 10299067 2023-07-31 10299067 2022-08-01 2023-07-31 10299067 frs-core:CurrentFinancialInstruments 2023-07-31 10299067 frs-core:BetweenOneFiveYears 2023-07-31 10299067 frs-core:WithinOneYear 2023-07-31 10299067 frs-core:ShareCapital 2023-07-31 10299067 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 10299067 frs-core:CurrentFinancialInstruments 9 2023-07-31
Registered number: 10299067
Arcade Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
djca Limited
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Arcade Ltd For The Year Ended 31 July 2024
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Arcade Ltd which comprise the Profit and Loss Account, the 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 of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Arcade Ltd , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Arcade Ltd and state those matters that we have agreed to state to the directors of Arcade Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Arcade Ltd and its directors as a body for our work or for this report.
It is your duty to ensure that Arcade Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Arcade Ltd . You consider that Arcade Ltd 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 accounts of Arcade Ltd . 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 financial statements.
Signed
Robert Fiford FCCA
18/11/2024
djca Limited
ACCA
154-160 Fleet Street
London
EC4A 2DQ
Page 1
Page 2
Balance Sheet
Registered number: 10299067
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 30,501 43,376
30,501 43,376
CURRENT ASSETS
Debtors 5 266,487 514,551
Cash at bank and in hand 63,865 204,712
330,352 719,263
Creditors: Amounts Falling Due Within One Year 6 (43,962 ) (185,479 )
NET CURRENT ASSETS (LIABILITIES) 286,390 533,784
TOTAL ASSETS LESS CURRENT LIABILITIES 316,891 577,160
NET ASSETS 316,891 577,160
CAPITAL AND RESERVES
Called up share capital 7 120 120
Profit and Loss Account 316,771 577,040
SHAREHOLDERS' FUNDS 316,891 577,160
Page 2
Page 3
For the year ending 31 July 2024 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr J Meggitt
Director
15/11/2024
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Arcade Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10299067 . The registered office is 32 Great Sutton Street, London, EC1V 0NB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% Straight Line
Computer Equipment 33% Straight Line
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 4
Page 5
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 11)
10 11
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 August 2023 23,883 62,553 86,436
Additions 2,917 3,570 6,487
As at 31 July 2024 26,800 66,123 92,923
Depreciation
As at 1 August 2023 4,504 38,556 43,060
Provided during the period 4,818 14,544 19,362
As at 31 July 2024 9,322 53,100 62,422
Net Book Value
As at 31 July 2024 17,478 13,023 30,501
As at 1 August 2023 19,379 23,997 43,376
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 18,039 169,393
Prepayments and accrued income 36,589 188,471
Other debtors 30,188 30,188
Corporation tax recoverable assets 104,949 64,812
Amounts owed by group undertakings 76,722 61,687
266,487 514,551
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,109 1,860
Other taxes and social security 9,913 26,988
VAT 7,165 67,558
Other creditors 1,483 1,874
Accruals and deferred income 1,995 85,769
Directors' loan accounts 20,297 1,430
43,962 185,479
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 120 120
Page 5
Page 6
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 100,625 100,625
Later than one year and not later than five years 259,948 360,573
360,573 461,198
Page 6