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REGISTERED NUMBER: 02648106 (England and Wales)












ARCHIVE BUSINESS CENTRE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






ARCHIVE BUSINESS CENTRE LIMITED (REGISTERED NUMBER: 02648106)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ARCHIVE BUSINESS CENTRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mrs J Worsfold
P M P Worsfold





SECRETARY: Mrs J Worsfold





REGISTERED OFFICE: Aston Way
Moss Side
Leyland
Lancashire
PR26 7UX





REGISTERED NUMBER: 02648106 (England and Wales)





ACCOUNTANTS: Rushtons
Chartered Accountants
Shorrock House
1 Faraday Court
Fulwood
Preston
Lancashire
PR2 9NB

ARCHIVE BUSINESS CENTRE LIMITED (REGISTERED NUMBER: 02648106)

ABRIDGED BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 889,084 742,996
889,084 742,996

CURRENT ASSETS
Stocks 16,559 10,165
Debtors 6 921,055 1,516,674
Cash at bank and in hand 332,795 406,108
1,270,409 1,932,947
CREDITORS
Amounts falling due within one year 1,503,850 1,523,855
NET CURRENT (LIABILITIES)/ASSETS (233,441 ) 409,092
TOTAL ASSETS LESS CURRENT
LIABILITIES

655,643

1,152,088

CREDITORS
Amounts falling due after more than
one year

(224,379

)

(692,500

)

PROVISIONS FOR LIABILITIES (206,192 ) (236,573 )
NET ASSETS 225,072 223,015

ARCHIVE BUSINESS CENTRE LIMITED (REGISTERED NUMBER: 02648106)

ABRIDGED BALANCE SHEET - continued
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 224,972 222,915
SHAREHOLDERS' FUNDS 225,072 223,015

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 7 August 2024 and were signed on its behalf by:




Mrs J Worsfold - Director



P M P Worsfold - Director


ARCHIVE BUSINESS CENTRE LIMITED (REGISTERED NUMBER: 02648106)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Archive Business Centre 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on 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.


ARCHIVE BUSINESS CENTRE LIMITED (REGISTERED NUMBER: 02648106)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 109 (2023 - 90 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023
and 31 January 2024 256,039
AMORTISATION
At 1 February 2023
and 31 January 2024 256,039
NET BOOK VALUE

At 31 January 2024 -
At 31 January 2023 -

ARCHIVE BUSINESS CENTRE LIMITED (REGISTERED NUMBER: 02648106)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023 1,442,654
Additions 424,148
Disposals (131,628 )
At 31 January 2024 1,735,174
DEPRECIATION
At 1 February 2023 699,658
Charge for year 232,590
Eliminated on disposal (86,158 )
At 31 January 2024 846,090
NET BOOK VALUE
At 31 January 2024 889,084
At 31 January 2023 742,996

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

Totals
£   
COST
At 1 February 2023 599,515
Additions 141,037
Transfer to ownership (172,022 )
At 31 January 2024 568,530
DEPRECIATION
At 1 February 2023 271,717
Charge for year 80,131
Transfer to ownership (124,068 )
At 31 January 2024 227,780
NET BOOK VALUE
At 31 January 2024 340,750
At 31 January 2023 327,798

ARCHIVE BUSINESS CENTRE LIMITED (REGISTERED NUMBER: 02648106)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Other debtors 133,631 661,637

7. CAPITAL COMMITMENTS
2024 2023
£    £   
Contracted but not provided for in the
financial statements 204,139 150,000

The company has committed to purchasing additional vehicles totalling £204,139.

8. RELATED PARTY DISCLOSURES

At the year end the following balances were due with related parties:
20242023
££

Loan from JPJ Holdings Limited676,8411,129,671

The loan is interest free and repayable on demand.