2022-06-012023-05-312023-05-31false11341275ARCHER RESOURCING LTD2023-10-10iso4217:GBPxbrli:pure113412752022-06-01113412752023-05-31113412752022-06-012023-05-31113412752021-06-01113412752022-05-31113412752021-06-012022-05-3111341275bus:SmallEntities2022-06-012023-05-3111341275bus:AuditExempt-NoAccountantsReport2022-06-012023-05-3111341275bus:FullAccounts2022-06-012023-05-3111341275bus:PrivateLimitedCompanyLtd2022-06-012023-05-3111341275core:WithinOneYear2023-05-3111341275core:AfterOneYear2023-05-3111341275core:WithinOneYear2022-05-3111341275core:AfterOneYear2022-05-3111341275core:ShareCapital2023-05-3111341275core:SharePremium2023-05-3111341275core:RevaluationReserve2023-05-3111341275core:OtherReservesSubtotal2023-05-3111341275core:RetainedEarningsAccumulatedLosses2023-05-3111341275core:ShareCapital2022-05-3111341275core:SharePremium2022-05-3111341275core:RevaluationReserve2022-05-3111341275core:OtherReservesSubtotal2022-05-3111341275core:RetainedEarningsAccumulatedLosses2022-05-3111341275core:LandBuildings2023-05-3111341275core:PlantMachinery2023-05-3111341275core:Vehicles2023-05-3111341275core:FurnitureFittings2023-05-3111341275core:OfficeEquipment2023-05-3111341275core:NetGoodwill2023-05-3111341275core:IntangibleAssetsOtherThanGoodwill2023-05-3111341275core:ListedExchangeTraded2023-05-3111341275core:UnlistedNon-exchangeTraded2023-05-3111341275core:LandBuildings2022-05-3111341275core:PlantMachinery2022-05-3111341275core:Vehicles2022-05-3111341275core:FurnitureFittings2022-05-3111341275core:OfficeEquipment2022-05-3111341275core:NetGoodwill2022-05-3111341275core:IntangibleAssetsOtherThanGoodwill2022-05-3111341275core:ListedExchangeTraded2022-05-3111341275core:UnlistedNon-exchangeTraded2022-05-3111341275core:LandBuildings2022-06-012023-05-3111341275core:PlantMachinery2022-06-012023-05-3111341275core:Vehicles2022-06-012023-05-3111341275core:FurnitureFittings2022-06-012023-05-3111341275core:OfficeEquipment2022-06-012023-05-3111341275core:NetGoodwill2022-06-012023-05-3111341275core:IntangibleAssetsOtherThanGoodwill2022-06-012023-05-3111341275core:ListedExchangeTraded2022-06-012023-05-3111341275core:UnlistedNon-exchangeTraded2022-06-012023-05-3111341275core:MoreThanFiveYears2022-06-012023-05-3111341275core:Non-currentFinancialInstruments2023-05-3111341275core:Non-currentFinancialInstruments2022-05-3111341275dpl:CostSales2022-06-012023-05-3111341275dpl:DistributionCosts2022-06-012023-05-3111341275dpl:AdministrativeExpenses2022-06-012023-05-3111341275core:LandBuildings2022-06-012023-05-3111341275core:PlantMachinery2022-06-012023-05-3111341275core:Vehicles2022-06-012023-05-3111341275core:FurnitureFittings2022-06-012023-05-3111341275core:OfficeEquipment2022-06-012023-05-3111341275core:NetGoodwill2022-06-012023-05-3111341275core:IntangibleAssetsOtherThanGoodwill2022-06-012023-05-3111341275dpl:GroupUndertakings2022-06-012023-05-3111341275dpl:ParticipatingInterests2022-06-012023-05-3111341275dpl:GroupUndertakingscore:ListedExchangeTraded2022-06-012023-05-3111341275core:ListedExchangeTraded2022-06-012023-05-3111341275dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-06-012023-05-3111341275core:UnlistedNon-exchangeTraded2022-06-012023-05-3111341275dpl:CostSales2021-06-012022-05-3111341275dpl:DistributionCosts2021-06-012022-05-3111341275dpl:AdministrativeExpenses2021-06-012022-05-3111341275core:LandBuildings2021-06-012022-05-3111341275core:PlantMachinery2021-06-012022-05-3111341275core:Vehicles2021-06-012022-05-3111341275core:FurnitureFittings2021-06-012022-05-3111341275core:OfficeEquipment2021-06-012022-05-3111341275core:NetGoodwill2021-06-012022-05-3111341275core:IntangibleAssetsOtherThanGoodwill2021-06-012022-05-3111341275dpl:GroupUndertakings2021-06-012022-05-3111341275dpl:ParticipatingInterests2021-06-012022-05-3111341275dpl:GroupUndertakingscore:ListedExchangeTraded2021-06-012022-05-3111341275core:ListedExchangeTraded2021-06-012022-05-3111341275dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-06-012022-05-3111341275core:UnlistedNon-exchangeTraded2021-06-012022-05-3111341275core:NetGoodwill2023-05-3111341275core:IntangibleAssetsOtherThanGoodwill2023-05-3111341275core:LandBuildings2023-05-3111341275core:PlantMachinery2023-05-3111341275core:Vehicles2023-05-3111341275core:FurnitureFittings2023-05-3111341275core:OfficeEquipment2023-05-3111341275core:AfterOneYear2023-05-3111341275core:WithinOneYear2023-05-3111341275core:ListedExchangeTraded2023-05-3111341275core:UnlistedNon-exchangeTraded2023-05-3111341275core:ShareCapital2023-05-3111341275core:SharePremium2023-05-3111341275core:RevaluationReserve2023-05-3111341275core:OtherReservesSubtotal2023-05-3111341275core:RetainedEarningsAccumulatedLosses2023-05-3111341275core:NetGoodwill2022-05-3111341275core:IntangibleAssetsOtherThanGoodwill2022-05-3111341275core:LandBuildings2022-05-3111341275core:PlantMachinery2022-05-3111341275core:Vehicles2022-05-3111341275core:FurnitureFittings2022-05-3111341275core:OfficeEquipment2022-05-3111341275core:AfterOneYear2022-05-3111341275core:WithinOneYear2022-05-3111341275core:ListedExchange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ARCHER RESOURCING LTD

Registered Number
11341275
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2023

ARCHER RESOURCING LTD
Company Information
for the year from 1 June 2022 to 31 May 2023

Director

HIGGINS, Joseph Simon

Registered Address

Floor 2 Robert Ransome House
Carr Street
Ipswich
IP4 1ER

Place of Business

FlOOR 2 ROBERT

RANSOME HOUSE

CARR STREET

Ipswich

IP4 1ER


Registered Number

11341275 (England and Wales)
ARCHER RESOURCING LTD
Balance Sheet as at
31 May 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets7461,12216,076
461,12216,076
Current assets
Debtors93,404,8681,160,676
Cash at bank and on hand60,243133,889
3,465,1111,294,565
Creditors amounts falling due within one year10(2,991,362)(870,858)
Net current assets (liabilities)473,749423,707
Total assets less current liabilities934,871439,783
Creditors amounts falling due after one year11(441,928)(40,000)
Provisions for liabilities12(119,163)-
Net assets373,780399,783
Capital and reserves
Called up share capital100100
Profit and loss account373,680399,683
Shareholders' funds373,780399,783
The financial statements were approved and authorised for issue by the Director on 10 October 2023, and are signed on its behalf by:
HIGGINS, Joseph Simon
Director
Registered Company No. 11341275
ARCHER RESOURCING LTD
Notes to the Financial Statements
for the year ended 31 May 2023

1.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.
2.Compliance with applicable reporting framework
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.
3.Principal activities
Principal activity of the company continued to be that of a recruitment agency.
4.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Fixtures and fittings4
Vehicles2
Office Equipment4
Revenue recognition policy
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.
Taxation policy
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 policy
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.
Foreign currency translation and operations policy
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.
Government grants and other government assistance policy
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
Leases policy
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. Payments made under operating leases are charged to the profit & loss account over the term of the lease except where another more basis is more representative of the period in which economic benefits from the leases asset are consumed.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
Valuation of financial instruments policy
The company has chosen to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to its financial instruments. Financial instruments are recognised in the balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset and the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
5.Prior period and policy change adjustments
During the year to 31 May 2023, Archer Resourcing Ltd changed its depreciation policy for office and computer equipment so as to be more appropriate. The new policy has no effect on prior years.
6.Employee information

20232022
Average number of employees during the year3119
7.Property, plant and equipment

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 June 22--23,93623,936
Additions165,000249,00070,109484,109
Disposals--(13,895)(13,895)
At 31 May 23165,000249,00080,150494,150
Depreciation and impairment
At 01 June 22--7,8607,860
Charge for year-19,46410,66230,126
On disposals--(4,958)(4,958)
At 31 May 23-19,46413,56433,028
Net book value
At 31 May 23165,000229,53666,586461,122
At 31 May 22--16,07616,076
8.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
HIGGINS, Joseph Simon(5,375)274,130268,7550
(5,375)274,130268,7550
9.Debtors

2023

2022

££
Trade debtors / trade receivables3,266,3281,064,031
Other debtors120,10596,645
Prepayments and accrued income18,435-
Total3,404,8681,160,676
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
10.Creditors within one year

2023

2022

££
Trade creditors / trade payables159,14719,902
Bank borrowings and overdrafts61,0895,386
Taxation and social security126,699197,461
Other creditors2,608,568646,859
Accrued liabilities and deferred income35,8591,250
Total2,991,362870,858
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.
11.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts441,92840,000
Total441,92840,000
12.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)119,163-
Total119,163-