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Unaudited Financial Statements |
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for the Year Ended 28th February 2021 |
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for |
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ACARDIA LIMITED |
REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 28th February 2021 |
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for |
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ACARDIA LIMITED |
ACARDIA LIMITED (REGISTERED NUMBER: 03663304) |
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Contents of the Financial Statements |
for the year ended 28th February 2021 |
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Page |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 3 |
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ACARDIA LIMITED |
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Company Information |
for the year ended 28th February 2021 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Suffolk House |
George Street |
Croydon CR0 0YN |
ACARDIA LIMITED (REGISTERED NUMBER: 03663304) |
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Statement of Financial Position |
28th February 2021 |
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28.2.21 | 29.2.20 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Share premium |
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Capital redemption reserve |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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ACARDIA LIMITED (REGISTERED NUMBER: 03663304) |
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Notes to the Financial Statements |
for the year ended 28th February 2021 |
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1. | STATUTORY INFORMATION |
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Acardia Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Going concern |
During the year, the COVID-19 pandemic has resulted in significant business and social disruption around the world. The directors are continually reviewing and updating the company's strategy to lessen the impact of the pandemic on the company's operations and believe that this will allow it to be able to meet its liabilities as they fall due for a period of at least 12 months from the date the financial statements were authorised for issue. Accordingly, the directors are satisfied that the financial statements should be prepared on the going concern basis. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
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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. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
ACARDIA LIMITED (REGISTERED NUMBER: 03663304) |
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Notes to the Financial Statements - continued |
for the year ended 28th February 2021 |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
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fittings |
£ |
COST |
At 1st March 2020 |
and 28th February 2021 |
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DEPRECIATION |
At 1st March 2020 |
and 28th February 2021 |
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NET BOOK VALUE |
At 28th February 2021 |
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At 29th February 2020 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.21 | 29.2.20 |
£ | £ |
Trade debtors |
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Other debtors |
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Accrued income |
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Prepayments |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.21 | 29.2.20 |
£ | £ |
Trade creditors |
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Tax | ( |
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Social security and other taxes |
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VAT |
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Other creditors |
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Directors' loan accounts |
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Accrued expenses |
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