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REGISTERED NUMBER: 01073915 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2023

for

Archer Farms (Anglesey) Limited

Archer Farms (Anglesey) Limited (Registered number: 01073915)






Contents of the Financial Statements
for the Year Ended 31st March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Archer Farms (Anglesey) Limited

Company Information
for the Year Ended 31st March 2023







DIRECTORS: Mr A L Hughes
Mrs E W Hughes





SECRETARY: Mrs E W Hughes





REGISTERED OFFICE: Archer House
Llwydiarth Fawr
Llanerchymedd
Anglesey
LL71 8DF





REGISTERED NUMBER: 01073915 (England and Wales)





ACCOUNTANTS: Dunn & Ellis Cyf
Chartered Accountants
Adeilad St David's Building
Stryd Lombard Street
Porthmadog
Gwynedd
LL49 9AP

Archer Farms (Anglesey) Limited (Registered number: 01073915)

Balance Sheet
31st March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 189,635 194,873
189,635 194,873

CURRENT ASSETS
Stocks 208,024 171,696
Debtors 6 18,366 53,143
Cash at bank 22,320 3,397
248,710 228,236
CREDITORS
Amounts falling due within one year 7 47,940 37,493
NET CURRENT ASSETS 200,770 190,743
TOTAL ASSETS LESS CURRENT
LIABILITIES

390,405

385,616

CREDITORS
Amounts falling due after more than one year 8 (302,448 ) (320,289 )

PROVISIONS FOR LIABILITIES (25,770 ) (26,765 )
NET ASSETS 62,187 38,562

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 5,283 5,283
Retained earnings 56,804 33,179
SHAREHOLDERS' FUNDS 62,187 38,562

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

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.

Archer Farms (Anglesey) Limited (Registered number: 01073915)

Balance Sheet - continued
31st March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3rd November 2023 and were signed on its behalf by:





Mr A L Hughes - Director


Archer Farms (Anglesey) Limited (Registered number: 01073915)

Notes to the Financial Statements
for the Year Ended 31st March 2023

1. STATUTORY INFORMATION

Archer Farms (Anglesey) Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Beef quota are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Fixed assets are stated at their cost prices, less accumulated depreciation and less amounts recognised in respect of impairment.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Biological assets, living plants and animals are included at the lower of cost and estimated selling price less cost to sell.

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.

Current or deferred taxation assets and liabilities are not discounted.

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 balance sheet date.


Archer Farms (Anglesey) Limited (Registered number: 01073915)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st April 2022
and 31st March 2023 5,183
AMORTISATION
At 1st April 2022
and 31st March 2023 5,183
NET BOOK VALUE
At 31st March 2023 -
At 31st March 2022 -

Archer Farms (Anglesey) Limited (Registered number: 01073915)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st April 2022 54,003 399,711 453,714
Additions - 38,500 38,500
Disposals - (24,000 ) (24,000 )
At 31st March 2023 54,003 414,211 468,214
DEPRECIATION
At 1st April 2022 - 258,841 258,841
Charge for year - 33,908 33,908
Eliminated on disposal - (14,170 ) (14,170 )
At 31st March 2023 - 278,579 278,579
NET BOOK VALUE
At 31st March 2023 54,003 135,632 189,635
At 31st March 2022 54,003 140,870 194,873

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 7,256 32,639
Other debtors 11,110 20,504
18,366 53,143

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 27,168 27,168
Hire purchase contracts 10,157 5,812
Trade creditors 3,487 2,442
Taxation and social security 5,257 13
Other creditors 1,871 2,058
47,940 37,493

Archer Farms (Anglesey) Limited (Registered number: 01073915)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 281,151 297,525
Hire purchase contracts 21,297 22,764
302,448 320,289

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 281,151 297,525

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors' loan accounts were in credit throughout the year.

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £11,440 (2022 - £4,680) were paid to the directors .

The company also paid £30,000 to Mr & Mrs R Hughes for rent of land, a partnership in which shareholder Mr R Hughes is also a partner.