Silverfin false false 30/06/2024 01/07/2023 30/06/2024 C West 29/11/2006 M West 30/09/1998 S Williams 14/09/2009 J Williams 27/03/2024 24 February 2025 The principal activity of the Company is the provision of heating, ventilation and air conditioning (HVAC), temperature control, decarbonisation and process engineering services. 01199130 2024-06-30 01199130 bus:Director1 2024-06-30 01199130 bus:Director2 2024-06-30 01199130 bus:Director3 2024-06-30 01199130 bus:Director4 2024-06-30 01199130 2023-06-30 01199130 core:CurrentFinancialInstruments 2024-06-30 01199130 core:CurrentFinancialInstruments 2023-06-30 01199130 core:Non-currentFinancialInstruments 2024-06-30 01199130 core:Non-currentFinancialInstruments 2023-06-30 01199130 core:ShareCapital 2024-06-30 01199130 core:ShareCapital 2023-06-30 01199130 core:CapitalRedemptionReserve 2024-06-30 01199130 core:CapitalRedemptionReserve 2023-06-30 01199130 core:RetainedEarningsAccumulatedLosses 2024-06-30 01199130 core:RetainedEarningsAccumulatedLosses 2023-06-30 01199130 core:LandBuildings 2023-06-30 01199130 core:PlantMachinery 2023-06-30 01199130 core:Vehicles 2023-06-30 01199130 core:FurnitureFittings 2023-06-30 01199130 core:LandBuildings 2024-06-30 01199130 core:PlantMachinery 2024-06-30 01199130 core:Vehicles 2024-06-30 01199130 core:FurnitureFittings 2024-06-30 01199130 2022-06-30 01199130 bus:OrdinaryShareClass1 2024-06-30 01199130 bus:OrdinaryShareClass2 2024-06-30 01199130 2023-07-01 2024-06-30 01199130 bus:FilletedAccounts 2023-07-01 2024-06-30 01199130 bus:SmallEntities 2023-07-01 2024-06-30 01199130 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 01199130 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 01199130 bus:Director1 2023-07-01 2024-06-30 01199130 bus:Director2 2023-07-01 2024-06-30 01199130 bus:Director3 2023-07-01 2024-06-30 01199130 bus:Director4 2023-07-01 2024-06-30 01199130 core:LandBuildings core:TopRangeValue 2023-07-01 2024-06-30 01199130 core:PlantMachinery 2023-07-01 2024-06-30 01199130 core:Vehicles 2023-07-01 2024-06-30 01199130 core:FurnitureFittings 2023-07-01 2024-06-30 01199130 core:FurnitureFittings core:TopRangeValue 2023-07-01 2024-06-30 01199130 2022-07-01 2023-06-30 01199130 core:LandBuildings 2023-07-01 2024-06-30 01199130 core:CurrentFinancialInstruments 2023-07-01 2024-06-30 01199130 core:Non-currentFinancialInstruments 2023-07-01 2024-06-30 01199130 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 01199130 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 01199130 bus:OrdinaryShareClass2 2023-07-01 2024-06-30 01199130 bus:OrdinaryShareClass2 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 01199130 (England and Wales)

ARCADE (UK) LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

ARCADE (UK) LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

ARCADE (UK) LIMITED

COMPANY INFORMATION

For the financial year ended 30 June 2024
ARCADE (UK) LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 June 2024
DIRECTORS C West
M West
S Williams
J Williams (Appointed 27 March 2024)
SECRETARY E West
REGISTERED OFFICE Arcade House Kym Road
Bicton Industrial Park
Kimbolton
PE28 0LW
United Kingdom
COMPANY NUMBER 01199130 (England and Wales)
ACCOUNTANT Peters Elworthy & Moore
Salisbury House
Station Road
Cambridge
CB1 2LA
ARCADE (UK) LIMITED

BALANCE SHEET

As at 30 June 2024
ARCADE (UK) LIMITED

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 240,488 213,426
240,488 213,426
Current assets
Stocks 154,988 132,000
Debtors
- due within one year 4 2,318,971 2,938,584
- due after more than one year 4 51,405 50,405
Cash at bank and in hand 449,579 221,479
2,974,943 3,342,468
Creditors: amounts falling due within one year 5 ( 1,597,319) ( 1,715,994)
Net current assets 1,377,624 1,626,474
Total assets less current liabilities 1,618,112 1,839,900
Creditors: amounts falling due after more than one year 6 ( 53,051) ( 147,482)
Provision for liabilities 7 0 ( 26,409)
Net assets 1,565,061 1,666,009
Capital and reserves
Called-up share capital 8 9,090 9,090
Capital redemption reserve 10 10
Profit and loss account 1,555,961 1,656,909
Total shareholders' funds 1,565,061 1,666,009

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Arcade (UK) Limited (registered number: 01199130) were approved and authorised for issue by the Board of Directors on 24 February 2025. They were signed on its behalf by:

M West
Director
ARCADE (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
ARCADE (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Arcade (UK) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Arcade House Kym Road, Bicton Industrial Park, Kimbolton, PE28 0LW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover in respect of contracts is recognised as work is carried out by reference to the stage of completion of the contract at the balance sheet date, and when this can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Amounts not covered by payments on account are included in debtors as amounts recoverable on long-term contracts.

Taxation

Current tax
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 10 years straight line
Plant and machinery 20 % reducing balance
Vehicles 25 % reducing balance
Fixtures and fittings 20 % reducing balance
3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

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

Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Trade and other creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 28 22

3. Tangible assets

Land and buildings Plant and machinery Vehicles Fixtures and fittings Total
£ £ £ £ £
Cost
At 01 July 2023 3,693 44,326 445,156 32,824 525,999
Additions 0 10,485 88,042 2,581 101,108
Disposals 0 0 ( 24,582) 0 ( 24,582)
At 30 June 2024 3,693 54,811 508,616 35,405 602,525
Accumulated depreciation
At 01 July 2023 3,561 36,900 255,014 17,098 312,573
Charge for the financial year 87 3,058 44,982 3,387 51,514
Disposals 0 0 ( 2,050) 0 ( 2,050)
At 30 June 2024 3,648 39,958 297,946 20,485 362,037
Net book value
At 30 June 2024 45 14,853 210,670 14,920 240,488
At 30 June 2023 132 7,426 190,142 15,726 213,426

4. Debtors

2024 2023
£ £
Debtors: amounts falling due within one year
Trade debtors 1,377,039 1,793,419
Amounts owed by directors 200 200
Amounts recoverable on contracts 586,424 805,408
Prepayments 52,036 47,332
Deferred tax asset 97,724 0
VAT recoverable 0 89,922
Corporation tax 1,545 1,545
Other debtors 204,003 200,758
2,318,971 2,938,584
Debtors: amounts falling due after more than one year
Other debtors 51,405 50,405

Amounts owed by directors are repayable on demand. No interest has been charged.

Other debtors falling due after more than one year represent a loan facility to a related company that is repayable in September 2032. Interest is applied at a rate of 2% per annum.

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 1,219,613 1,288,042
Amounts owed to directors 1,245 1,245
Other loans 0 73,041
Accruals 42,074 35,247
Taxation and social security 65,940 113,581
Obligations under finance leases and hire purchase contracts 142,363 64,039
Other creditors 126,084 140,799
1,597,319 1,715,994

Other creditors include contributions of £4,322 (2023 - £3,180) payable to the company's defined contribution pension scheme.

Obligations under finance leases and hire purchase contracts are secured on the assets concerned.

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Obligations under finance leases and hire purchase contracts 53,051 147,482

Obligations under finance leases and hire purchase contracts are secured on the assets concerned.

7. Deferred tax

2024 2023
£ £
At the beginning of financial year ( 26,409) 35,522
Credited/(charged) to the Statement of Income and Retained Earnings 124,133 ( 61,931)
At the end of financial year 97,724 ( 26,409)

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
7,070 A Ordinary shares of £ 1.00 each 7,070 7,070
2,020 B Ordinary shares of £ 1.00 each 2,020 2,020
9,090 9,090