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Registered number: 08193817
Arcadia M.H. Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
More Group (Accounting) Limited
Unaudited Financial Statements
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Company Information
Director Mr Andras Stefan
Company Number 08193817
Registered Office 65 Compton Street
London
EC1V 0BN
Accountants More Group (Accounting) Limited
65 Compton Street
London
EC1V 0BN
Page 1
Page 2
Balance Sheet
Registered number: 08193817
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,679 3,586
4,679 3,586
CURRENT ASSETS
Debtors 5 78,208 81,991
Cash at bank and in hand 180,801 160,935
259,009 242,926
Creditors: Amounts Falling Due Within One Year 6 (46,106 ) 35,302
NET CURRENT ASSETS (LIABILITIES) 212,903 278,228
TOTAL ASSETS LESS CURRENT LIABILITIES 217,582 281,814
NET ASSETS 217,582 281,814
CAPITAL AND RESERVES
Called up share capital 7 10,000 10,000
Profit and Loss Account 207,582 271,814
SHAREHOLDERS' FUNDS 217,582 281,814
Page 2
Page 3
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Andras Stefan
Director
27/11/2024
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Arcadia M.H. Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08193817 . The registered office is 65 Compton Street, London, EC1V 0BN.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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 20% 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
Page 4
Page 5
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 1,004 18,650 19,654
Additions - 4,208 4,208
As at 31 December 2023 1,004 22,858 23,862
Depreciation
As at 1 January 2023 824 15,244 16,068
Provided during the period 180 2,935 3,115
As at 31 December 2023 1,004 18,179 19,183
Net Book Value
As at 31 December 2023 - 4,679 4,679
As at 1 January 2023 180 3,406 3,586
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 68,208 3,918
Prepayments and accrued income - 10,454
Amount receivable- Other debtors - 57,619
Called up share capital not paid 10,000 10,000
78,208 81,991
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 40,886 34,953
Corporation tax 3,794 1,396
Amount payable to debtors - (1,500 )
Accruals - (76,512 )
Director's loan account 1,426 6,361
46,106 (35,302 )
7. Share Capital
2023 2022
Allotted, called up but not fully paid £ £
5,000 Ordinary A shares of £ 1.00 each 5,000 5,000
5,000 Ordinary B shares of £ 1.00 each 5,000 5,000
10,000 10,000
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