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REGISTERED NUMBER: 05408196 (England and Wales)











ARCHERS OF WESTFIELD LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024






ARCHERS OF WESTFIELD LIMITED (REGISTERED NUMBER: 05408196)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


ARCHERS OF WESTFIELD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTOR: J J Archer





REGISTERED OFFICE: 20 Eversley Road
Bexhill-on-Sea
East Sussex
TN40 1HE





REGISTERED NUMBER: 05408196 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
20 Eversley Road
Bexhill-on-Sea
East Sussex
TN40 1HE

ARCHERS OF WESTFIELD LIMITED (REGISTERED NUMBER: 05408196)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 117,024 120,048

CURRENT ASSETS
Stocks 5,500 5,500
Debtors 5 3,112 3,763
Cash at bank and in hand 4,076 8,662
12,688 17,925
CREDITORS
Amounts falling due within one year 6 32,915 30,117
NET CURRENT LIABILITIES (20,227 ) (12,192 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

96,797

107,856

PROVISIONS FOR LIABILITIES 4,110 4,786
NET ASSETS 92,687 103,070

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 92,587 102,970
SHAREHOLDERS' FUNDS 92,687 103,070

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

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

ARCHERS OF WESTFIELD LIMITED (REGISTERED NUMBER: 05408196)

BALANCE SHEET - continued
31ST MARCH 2024


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 22nd October 2024 and were signed by:





J J Archer - Director


ARCHERS OF WESTFIELD LIMITED (REGISTERED NUMBER: 05408196)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

Archers of Westfield 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Refrigeration equipment - 15% on reducing balance
Fixtures, fittings and equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.

ARCHERS OF WESTFIELD LIMITED (REGISTERED NUMBER: 05408196)

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


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 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
Improvements fittings
to Refrigeration and
premises equipment equipment
£    £    £   
COST
At 1st April 2023 99,141 26,129 99,725
Additions - - -
At 31st March 2024 99,141 26,129 99,725
DEPRECIATION
At 1st April 2023 - 23,803 81,816
Charge for year - 349 2,687
At 31st March 2024 - 24,152 84,503
NET BOOK VALUE
At 31st March 2024 99,141 1,977 15,222
At 31st March 2023 99,141 2,326 17,909

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st April 2023 4,750 2,843 232,588
Additions - 300 300
At 31st March 2024 4,750 3,143 232,888
DEPRECIATION
At 1st April 2023 4,346 2,575 112,540
Charge for year 101 187 3,324
At 31st March 2024 4,447 2,762 115,864
NET BOOK VALUE
At 31st March 2024 303 381 117,024
At 31st March 2023 404 268 120,048

ARCHERS OF WESTFIELD LIMITED (REGISTERED NUMBER: 05408196)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 551 -
Other debtors 2,561 3,763
3,112 3,763

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 25,176 15,274
Taxation and social security 2,336 8,074
Other creditors 5,403 6,769
32,915 30,117

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2024 and 31st March 2023:

2024 2023
£    £   
J J Archer
Balance outstanding at start of year 633 -
Amounts advanced 23,240 633
Amounts repaid (23,873 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 633