Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Arcade (Lancs) Limited
(Registration number: 04804020)
Abbreviated Balance Sheet at 30 June 2016
Note |
2016
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2015
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
( |
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Shareholders' deficit |
( |
( |
Approved by the director on
.........................................
D K Hutchinson
Director
1
Arcade (Lancs) Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... continued
Accounting policies |
Basis of preparation
Going concern
The financial statements have been prepared on a going concern basis. The company is reliant on the continued support of it's director for this basis to be appropriate. The director has confirmed that he will not seek to withdraw the balance owing to him until there are sufficient funds available.
Turnover
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of the asset as follows:
Asset class |
Amortisation method and rate |
Goodwill |
|
Financial instruments
Arcade (Lancs) Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... continued
Fixed assets |
Intangible assets
|
Total
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Cost |
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At 1 July 2015 |
31,600 |
31,600 |
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At 30 June 2016 |
31,600 |
31,600 |
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Depreciation |
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At 1 July 2015 |
31,600 |
31,600 |
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At 30 June 2016 |
31,600 |
31,600 |
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Net book value |
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At 30 June 2016 |
- |
- |
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At 30 June 2015 |
- |
- |
Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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