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REGISTERED NUMBER: 07309530 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Rachael Archer Limited

Rachael Archer Limited (Registered number: 07309530)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rachael Archer Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: D Williams
K Ebanks





SECRETARY: D Williams





REGISTERED OFFICE: Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE





REGISTERED NUMBER: 07309530 (England and Wales)





ACCOUNTANTS: Cartwrights
Chartered Accountants and Business Advisors
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE

Rachael Archer Limited (Registered number: 07309530)

Balance Sheet
31 July 2023

31/7/23 31/7/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 - 928
- 928

CURRENT ASSETS
Stocks 60,152 57,094
Debtors 7 32,009 19,044
Cash at bank 13,014 12,846
105,175 88,984
CREDITORS
Amounts falling due within one year 8 84,058 55,064
NET CURRENT ASSETS 21,117 33,920
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,117

34,848

CREDITORS
Amounts falling due after more than one year 9 (22,435 ) (32,387 )

PROVISIONS FOR LIABILITIES (349 ) (232 )
NET (LIABILITIES)/ASSETS (1,667 ) 2,229

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (1,767 ) 2,129
SHAREHOLDERS' FUNDS (1,667 ) 2,229

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Rachael Archer Limited (Registered number: 07309530)

Balance Sheet - continued
31 July 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2024 and were signed on its behalf by:





D Williams - Director


Rachael Archer Limited (Registered number: 07309530)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Rachael Archer 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Going concern

Following the death of the original director after the balance sheet date, the company has ceased trading and these financial statements are no longer prepared on the going concern basis. As a result, the balance sheet values of assets are stated at their recoverable amounts and fixed assets are reclassifed as current assets.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax, in so far as they are capable of financial measurement.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of seven years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Rachael Archer Limited (Registered number: 07309530)

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

3. 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022 200,000
Disposals (200,000 )
At 31 July 2023 -
AMORTISATION
At 1 August 2022 200,000
Eliminated on disposal (200,000 )
At 31 July 2023 -
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

Rachael Archer Limited (Registered number: 07309530)

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

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 5,441
Additions 1,254
Disposals (3,685 )
Reclassification/transfer (3,010 )
At 31 July 2023 -
DEPRECIATION
At 1 August 2022 4,513
Charge for year 789
Eliminated on disposal (3,685 )
Reclassification/transfer (1,617 )
At 31 July 2023 -
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 928

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/23 31/7/22
£    £   
Other debtors 32,009 19,044

Other debtors include fixtures and fittings at a net book value of £1,286. As disclosed in the accounting policies note to the financial statements, these assets have been reclassified from fixed to current assets.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/23 31/7/22
£    £   
Bank loans and overdrafts 28,949 9,707
Taxation and social security 51,919 42,357
Other creditors 3,190 3,000
84,058 55,064

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/7/23 31/7/22
£    £   
Bank loans 22,435 32,387

Rachael Archer Limited (Registered number: 07309530)

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

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

31/7/23 31/7/22
£    £   
R Archer
Balance outstanding at start of year (12,863 ) (68,398 )
Amounts advanced (95,313 ) (86,545 )
Amounts repaid 89,272 142,080
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (18,904 ) (12,863 )

The overdrawn directors' loan account is shown within other debtors in the notes to the financial statements.

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £75,000 (2022 - £130,000) were paid to the director .

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R Archer.