The Arcade (Llandysul) Limited


Directors	Catherine Janice Davies
	Jayne Margaret Ludgate
	Mark Joseph Ludgate


Registered Address	The Arcade
	High Street
	Llandysul
	SA44 4DJ


Registered Number	03793497 (England and Wales)

Balance Sheet as at
28 February 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	4		1,337,781		1,368,854
			1,337,781		1,368,854
Current assets
Stocks	5	1,553,747		1,601,988
Debtors	6	80,792		117,596
Cash at bank and on hand		957,150		755,280
		2,591,689		2,474,864
Creditors amounts falling due within one year	7	(240,415)		(243,345)
Net current assets (liabilities)			2,351,274		2,231,519
Total assets less current liabilities			3,689,055		3,600,373
Creditors amounts falling due after one year	8		(130,219)		(135,377)
Provisions for liabilities	9		(29,031)		(35,575)
Net assets			3,529,805		3,429,421
Capital and reserves
Called up share capital			2,002		2,002
Other reserves			1		1
Profit and loss account			3,527,802		3,427,418
Shareholders' funds			3,529,805		3,429,421

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 9 June 2026, and are signed on its behalf by:

Jayne Margaret Ludgate
Director
Registered Company No. 03793497

The Arcade (Llandysul) Limited

Notes to the Financial Statements
for the year ended 28 February 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Interest income
	Interest income is recognised using the effective interest rate method.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Goodwill arising in connection with the acquisition of businesses was capitalised and has been amortised over its estimated economic life to a maximum of 20 years Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2026		2025
	Average number of employees during the year	12		14

3.	Intangible assets

		Total
		£
	Cost or valuation
	At 01 March 25	13,000
	At 28 February 26	13,000
	Amortisation and impairment
	At 01 March 25	13,000
	At 28 February 26	13,000
	Net book value
	At 28 February 26	-
	At 28 February 25	-

4.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 March 25	1,856,927
	Additions	16,502
	At 28 February 26	1,873,429
	Depreciation and impairment
	At 01 March 25	488,072
	Charge for year	47,576
	At 28 February 26	535,648
	Net book value
	At 28 February 26	1,337,781
	At 28 February 25	1,368,854

5.	Stocks

	2026	2025
	£	£
Other stocks	1,553,747	1,601,988
Total	1,553,747	1,601,988

6.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	72,632	108,397
Prepayments and accrued income	8,160	9,199
Total	80,792	117,596

7.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	131,919	120,367
Bank borrowings and overdrafts	794	18,767
Taxation and social security	98,189	85,717
Other creditors	3,956	12,882
Accrued liabilities and deferred income	5,557	5,612
Total	240,415	243,345


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

8.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	-	2,500
Other creditors	130,219	132,877
Total	130,219	135,377

9.	Provisions for liabilities

	2026	2025
	£	£
Net deferred tax liability (asset)	29,031	35,575
Total	29,031	35,575

10.	Directors advances, credits and guarantees
	The directors' have lent money to the company. The company owed them £3,954 (2025 - £12,883).