Company Registration No. 01971893 (England and Wales)
Arcadia Construction Limited
Unaudited accounts
for the year ended 31 August 2024
Arcadia Construction Limited
Unaudited accounts
Contents
Arcadia Construction Limited
Company Information
for the year ended 31 August 2024
Company Number
01971893 (England and Wales)
Registered Office
6 Cedar Business Park
Cedar Lane
Frimley
Surrey
GU16 7AZ
England
Arcadia Construction Limited
Statement of financial position
as at 31 August 2024
Tangible assets
13,405
18,279
Cash at bank and in hand
78,389
404,830
Creditors: amounts falling due within one year
(318,630)
(523,187)
Net current assets
348,822
276,328
Net assets
362,227
294,607
Called up share capital
52
52
Profit and loss account
362,175
294,555
Shareholders' funds
362,227
294,607
For the year ending 31 August 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 May 2025 and were signed on its behalf by
P M Jawor
Director
Company Registration No. 01971893
Arcadia Construction Limited
Notes to the Accounts
for the year ended 31 August 2024
Arcadia Construction Limited is a private company, limited by shares, registered in England and Wales, registration number 01971893. The registered office is 6 Cedar Business Park, Cedar Lane, Frimley, Surrey, GU16 7AZ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The director has a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future.
For this reason the director continues to adopt the going concern basis of accounting in preparing the annual financial statements.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
All borrowing costs are recognised in the profit or loss in the year in which they are incurred.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Arcadia Construction Limited
Notes to the Accounts
for the year ended 31 August 2024
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% straight line
Computer equipment
25% straight line
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.
Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting polices. In preparing these financial statements, the director has made the following judgements:
Determine whether there are indicators of impairment of the company's tangible fixed assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit.
Other key sources of estimation uncertainty:
Tangible fixed assets (note 4)
Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.
Arcadia Construction Limited
Notes to the Accounts
for the year ended 31 August 2024
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2023
19,495
4,335
23,830
At 31 August 2024
19,495
4,335
23,830
At 1 September 2023
1,218
4,333
5,551
Charge for the year
4,874
-
4,874
At 31 August 2024
6,092
4,333
10,425
At 31 August 2024
13,403
2
13,405
At 31 August 2023
18,277
2
18,279
Amounts falling due within one year
Trade debtors
470,853
315,706
Accrued income and prepayments
20,222
49,634
Other debtors
85,924
29,345
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
19,518
28,536
Trade creditors
230,741
239,820
Taxes and social security
59,474
58,619
Other creditors
8,633
4,000
7
Average number of employees
During the year the average number of employees was 6 (2023: 6).