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REGISTERED NUMBER: 05209148 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Archaeological Research Services Ltd

Archaeological Research Services Ltd (Registered number: 05209148)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Archaeological Research Services Ltd

Company Information
for the year ended 31 December 2023







DIRECTOR: Dr C Waddington





SECRETARY: T J Nye





REGISTERED OFFICE: Angel House
Portland Square
Bakewell
Derbyshire
DE45 1HB





REGISTERED NUMBER: 05209148 (England and Wales)





ACCOUNTANTS: Royston Parkin Limited
2 President Buildings
Savile Street East
Sheffield
South Yorkshire
S4 7UQ

Archaeological Research Services Ltd (Registered number: 05209148)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 362,197 411,526

CURRENT ASSETS
Debtors 5 1,599,710 929,670
Cash at bank 57,494 464,352
1,657,204 1,394,022
CREDITORS
Amounts falling due within one year 6 719,074 339,243
NET CURRENT ASSETS 938,130 1,054,779
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,300,327

1,466,305

CREDITORS
Amounts falling due after more than one
year

7

(70,833

)

(121,597

)

PROVISIONS FOR LIABILITIES (90,550 ) (78,190 )
NET ASSETS 1,138,944 1,266,518

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,138,844 1,266,418
1,138,944 1,266,518

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

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

The director acknowledges his 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.

Archaeological Research Services Ltd (Registered number: 05209148)

Statement of Financial Position - continued
31 December 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 director and authorised for issue on 22 February 2024 and were signed by:





Dr C Waddington - Director


Archaeological Research Services Ltd (Registered number: 05209148)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Archaeological Research Services Ltd 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
Revenue 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 15% on reducing balance and 10% on reducing balance

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 statement of financial position date.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Archaeological Research Services Ltd (Registered number: 05209148)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 78 (2022 - 77 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 January 2023 677,306
Additions 46,794
Disposals (14,100 )
At 31 December 2023 710,000
DEPRECIATION
At 1 January 2023 265,780
Charge for year 92,506
Eliminated on disposal (10,483 )
At 31 December 2023 347,803
NET BOOK VALUE
At 31 December 2023 362,197
At 31 December 2022 411,526

Archaeological Research Services Ltd (Registered number: 05209148)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

4. PROPERTY, PLANT AND EQUIPMENT - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023 37,695
Disposals (8,000 )
At 31 December 2023 29,695
DEPRECIATION
At 1 January 2023 22,636
Charge for year 3,132
Eliminated on disposal (5,469 )
At 31 December 2023 20,299
NET BOOK VALUE
At 31 December 2023 9,396
At 31 December 2022 15,059

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 1,048,198 510,014
Amounts due on contracts 506,452 142,862
Other debtors 42,010 73,744
1,596,660 726,620

Amounts falling due after more than one year:
Amounts owed by associates - 200,000
Other debtors 3,050 3,050
3,050 203,050

Aggregate amounts 1,599,710 929,670

Archaeological Research Services Ltd (Registered number: 05209148)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 50,000 50,000
Hire purchase contracts (see note 8) 764 8,355
Trade creditors 301,495 14,146
Taxation and social security 310,708 171,347
Other creditors 56,107 95,395
719,074 339,243

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 70,833 120,833
Hire purchase contracts (see note 8) - 764
70,833 121,597

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 764 8,355
Between one and five years - 764
764 9,119

Non-cancellable operating leases
2023 2022
£    £   
Within one year 14,640 14,640
Between one and five years 3,660 18,300
18,300 32,940