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REGISTERED NUMBER: 01835470 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

ARCHER TECHNICOAT LIMITED

ARCHER TECHNICOAT LIMITED (REGISTERED NUMBER: 01835470)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Accountants' Report 2

Statement of Financial Position 3 to 4

Notes to the Financial Statements 5 to 8


ARCHER TECHNICOAT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: Mr C Prentice
Mrs S C Yeatman
Mr J A Yeatman





SECRETARY: Mrs S C Yeatman





REGISTERED OFFICE: Unit E Progress Road
Sands Industrial Estate
High Wycombe
Buckinghamshire
HP12 4JD





REGISTERED NUMBER: 01835470 (England and Wales)





ACCOUNTANTS: Seymour Taylor Limited
57 London Road
High Wycombe
Buckinghamshire
HP11 1BS

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ARCHER TECHNICOAT LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Archer Technicoat Limited for the year ended 30 June 2023 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Archer Technicoat Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Archer Technicoat Limited and state those matters that we have agreed to state to the Board of Directors of Archer Technicoat Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Archer Technicoat Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Archer Technicoat Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Archer Technicoat Limited. You consider that Archer Technicoat Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Archer Technicoat Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Seymour Taylor Limited
57 London Road
High Wycombe
Buckinghamshire
HP11 1BS


7 November 2023

ARCHER TECHNICOAT LIMITED (REGISTERED NUMBER: 01835470)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,149 33,446

CURRENT ASSETS
Stocks 40,627 18,232
Debtors 5 833,635 649,398
Cash at bank and in hand 897,392 792,388
1,771,654 1,460,018
CREDITORS
Amounts falling due within one year 6 443,277 308,084
NET CURRENT ASSETS 1,328,377 1,151,934
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,342,526

1,185,380

PROVISIONS FOR LIABILITIES 7 19,700 17,700
NET ASSETS 1,322,826 1,167,680

CAPITAL AND RESERVES
Called up share capital 8 78 78
Capital redemption reserve 50 50
Retained earnings 1,322,698 1,167,552
SHAREHOLDERS' FUNDS 1,322,826 1,167,680

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 TECHNICOAT LIMITED (REGISTERED NUMBER: 01835470)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 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 7 November 2023 and were signed on its behalf by:





Mr J A Yeatman - Director


ARCHER TECHNICOAT LIMITED (REGISTERED NUMBER: 01835470)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Archer Technicoat is a private company limited by shares and incorporated in England and Wales. The address of the company's registered office is Unit E, Progress Road, Sands Industrial Estate, High Wycombe, Buckinghamshire, HP12 4JD. The registered number is 01835470.

The presentation currency of these financial statements is Sterling (£), being the currency of the primary economic market in which the entity operates (its functional currency). All amounts in these financial statements have been rounded to the nearest pound unless stated otherwise.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - straight line - 20%
Plant and machinery - straight line - 20%
Computer equipment - straight line - 33%

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

Taxation
Tax on the profit or loss 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 directly in equity or other comprehensive income, in which case it is recognised directly in equity or other comprehensive income.

Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the balance sheet date, and any adjustment to tax payable in respect of previous years.


ARCHER TECHNICOAT LIMITED (REGISTERED NUMBER: 01835470)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is provided on timing differences which arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Differences between accumulated depreciation and tax allowances for the cost of a fixed asset, if and when all conditions for retaining the tax allowances have been met, are not provided for. Deferred tax is not recognised on permanent differences arising because certain types of income or expense are non-taxable or are disallowable for tax or because certain tax charges or allowances are greater or smaller than the corresponding income or expense.

Deferred tax is measured at the tax rate that is expected to apply to the reversal of the related difference, using tax rates enacted or substantively enacted at the balance sheet date. Deferred tax balances are not discounted.

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Transactions denominated in foreign currencies are translated into Sterling at the rate of exchange ruling at the date of the transaction. Monetary assets and liabilities at the period end denominated in a foreign currency are translated into Sterling at the rate of exchange ruling at the balance sheet date. Exchange differences are taken into account when arriving at the operating profit.

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.

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.

Financial instruments
The company has applied the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instrument Issues" of FRS 102 to its financial statements.

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 16 ) .

ARCHER TECHNICOAT LIMITED (REGISTERED NUMBER: 01835470)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 July 2022 49,530 149,992 51,147 250,669
Additions - - 3,204 3,204
At 30 June 2023 49,530 149,992 54,351 253,873
DEPRECIATION
At 1 July 2022 43,449 136,451 37,323 217,223
Charge for year 1,622 11,889 8,990 22,501
At 30 June 2023 45,071 148,340 46,313 239,724
NET BOOK VALUE
At 30 June 2023 4,459 1,652 8,038 14,149
At 30 June 2022 6,081 13,541 13,824 33,446

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 526,600 226,411
Other debtors 246,771 366,081
773,371 592,492

Amounts falling due after more than one year:
Other debtors 60,264 56,906

Aggregate amounts 833,635 649,398

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 288,185 118,287
Taxation and social security 41,359 41,757
Other creditors 113,733 148,040
443,277 308,084

ARCHER TECHNICOAT LIMITED (REGISTERED NUMBER: 01835470)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Other provisions
Provisions for repairs and
renewals 19,700 17,700
19,700 17,700

Repairs
Deferred and
tax renewals
£    £   
Balance at 1 July 2022 (56,906 ) 17,700
Provided during year (3,358 ) 2,000
Balance at 30 June 2023 (60,264 ) 19,700

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
Value £    £   

800 Founder £0.05 40 40
760 Ordinary B £0.05 38 38
78 78

9. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies not included in the statement of financial position amount to £3,125 (2022 - £46,500). These relate to obligations under operating leases of which £3,125 (2022 - £46,500) is due within one year.