Registered number
07318427
Archi Lift Design Limited
Filleted Accounts
31 December 2023
Archi Lift Design Limited
Registered number: 07318427
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 265 790
Current assets
Debtors 4 67,603 44,171
Cash at bank and in hand 72,737 132,776
140,340 176,947
Creditors: amounts falling due within one year 5 (21,474) (25,493)
Net current assets 118,866 151,454
Net assets 119,131 152,244
Capital and reserves
Called up share capital 70 70
Profit and loss account 119,061 152,174
Shareholders' funds 119,131 152,244
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P Britton
Director
Approved by the board on 10 September 2024
Archi Lift Design Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer Equipment 33% straight line
Plant & Equipment 25% reducing balance
Fixtures 15% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 4
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 January 2023 13,218 1,933 15,151
At 31 December 2023 13,218 1,933 15,151
Depreciation
At 1 January 2023 12,667 1,694 14,361
Charge for the year 420 105 525
At 31 December 2023 13,087 1,799 14,886
Net book value
At 31 December 2023 131 134 265
At 31 December 2022 551 239 790
4 Debtors 2023 2022
£ £
Other debtors 67,603 44,171
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 30,278 40,571
Taxation and social security costs (25,193) (30,099)
Other creditors 16,389 15,021
21,474 25,493
6 Other information
Archi Lift Design Limited is a private company limited by shares and incorporated in England. Its registered office is:
20-22 Wenlock Road
London
N1 7GU
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