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REGISTERED NUMBER: 07041866 (England and Wales)















ARCHEM PRS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






ARCHEM PRS LTD (REGISTERED NUMBER: 07041866)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ARCHEM PRS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: P D A Durrant
Dr P Harvey





SECRETARY: Indigo Secretaries Limited





REGISTERED OFFICE: 3 Kensworth Gate
200-204 High Street South
Dunstable
Bedfordshire
LU6 3HS





REGISTERED NUMBER: 07041866 (England and Wales)





ACCOUNTANTS: Higginson & Co (UK) Ltd
3 Kensworth Gate
200 - 204 High Street South
Dunstable
Bedfordshire
LU6 3HS

ARCHEM PRS LTD (REGISTERED NUMBER: 07041866)

BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 90,420 108,621
Investments 5 853 853
91,273 109,474

CURRENT ASSETS
Stocks 194,142 83,239
Debtors 6 371,634 435,665
Cash at bank and in hand 278,728 222,487
844,504 741,391
CREDITORS
Amounts falling due within one year 7 205,653 206,815
NET CURRENT ASSETS 638,851 534,576
TOTAL ASSETS LESS CURRENT
LIABILITIES

730,124

644,050

CREDITORS
Amounts falling due after more than one
year

8

(100,156

)

(146,484

)

PROVISIONS FOR LIABILITIES 9 (22,605 ) (24,438 )
NET ASSETS 607,363 473,128

CAPITAL AND RESERVES
Called up share capital 10 5,200 5,200
Retained earnings 602,163 467,928
SHAREHOLDERS' FUNDS 607,363 473,128

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

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

ARCHEM PRS LTD (REGISTERED NUMBER: 07041866)

BALANCE SHEET - continued
31 OCTOBER 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 19 July 2024 and were signed on its behalf by:





P D A Durrant - Director


ARCHEM PRS LTD (REGISTERED NUMBER: 07041866)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Archem PRS 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
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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

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.

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.

ARCHEM PRS LTD (REGISTERED NUMBER: 07041866)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 November 2022 368,342 11,973 380,315
Additions 15,954 690 16,644
Disposals (87,610 ) (10,427 ) (98,037 )
At 31 October 2023 296,686 2,236 298,922
DEPRECIATION
At 1 November 2022 261,860 9,834 271,694
Charge for year 30,610 707 31,317
Eliminated on disposal (85,035 ) (9,474 ) (94,509 )
At 31 October 2023 207,435 1,067 208,502
NET BOOK VALUE
At 31 October 2023 89,251 1,169 90,420
At 31 October 2022 106,482 2,139 108,621

5. FIXED ASSET INVESTMENTS

The fixed asset investment represent the 100% issued share capital of SAS Archem PRS France.

The company is incorporated in France

31-12-2023 31-12-2022

Aggregate capital and reserves £54,169 £56,698

ARCHEM PRS LTD (REGISTERED NUMBER: 07041866)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 338,826 318,217
Amounts owed by associates - 31,645
VAT 2,585 37,638
Prepayments and accrued income 30,223 48,165
371,634 435,665

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 30,000 30,000
Hire purchase contracts 16,328 16,328
Trade creditors 43,010 111,399
Amounts owed to associates 2,641 -
Corporation tax 84,123 25,776
Social security and other taxes - 21
Directors' current accounts 23,551 16,841
Accrued expenses 6,000 6,450
205,653 206,815

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans - 1-2 years 30,000 30,000
Bank loans - 2-5 years 37,500 67,500
Hire purchase contracts 32,656 48,984
100,156 146,484

9. PROVISIONS FOR LIABILITIES
31.10.23 31.10.22
£    £   
Deferred tax
Accelerated capital allowances 22,605 24,438

Deferred
tax
£   
Balance at 1 November 2022 24,438
Credit to Income Statement during year (1,833 )
Balance at 31 October 2023 22,605

ARCHEM PRS LTD (REGISTERED NUMBER: 07041866)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
5,000 Ordinary £1 £1 5,000 5,000
100 Ordinary "A" £1 200 200
5,200 5,200

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2023 and 31 October 2022:

31.10.23 31.10.22
£    £   
P D A Durrant
Balance outstanding at start of year 8,169 15,498
Amounts advanced 14,587 -
Amounts repaid - (7,329 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 22,756 8,169

Dr P Harvey
Balance outstanding at start of year 8,672 13,810
Amounts repaid (7,877 ) (5,138 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 795 8,672