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REGISTERED NUMBER: 01955549 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ARCHBOND LIMITED

ARCHBOND LIMITED (REGISTERED NUMBER: 01955549)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ARCHBOND LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr SM King





REGISTERED OFFICE: Mill Hill Factory
Desford Road
Enderby
Leicestershire
LE19 4AD





REGISTERED NUMBER: 01955549 (England and Wales)

ARCHBOND LIMITED (REGISTERED NUMBER: 01955549)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,400 9,600
Tangible assets 5 82,530 76,204
88,930 85,804

CURRENT ASSETS
Stocks 6 301,651 274,415
Debtors 7 1,497,296 2,305,690
Cash at bank and in hand 199,136 303,704
1,998,083 2,883,809
CREDITORS
Amounts falling due within one year 8 576,469 639,216
NET CURRENT ASSETS 1,421,614 2,244,593
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,510,544

2,330,397

PROVISIONS FOR LIABILITIES 19,938 18,480
NET ASSETS 1,490,606 2,311,917

CAPITAL AND RESERVES
Called up share capital 50 50
Share premium 50 50
Retained earnings 1,490,506 2,311,817
SHAREHOLDERS' FUNDS 1,490,606 2,311,917

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

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

ARCHBOND LIMITED (REGISTERED NUMBER: 01955549)

BALANCE SHEET - continued
31 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 28 October 2024 and were signed by:





Mr SM King - Director


ARCHBOND LIMITED (REGISTERED NUMBER: 01955549)

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


1. STATUTORY INFORMATION

Archbond 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.

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed 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.

Computer software is being amortised evenly over its estimated useful life.

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.

ARCHBOND LIMITED (REGISTERED NUMBER: 01955549)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 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. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 9,600
AMORTISATION
Charge for year 3,200
At 31 March 2024 3,200
NET BOOK VALUE
At 31 March 2024 6,400
At 31 March 2023 9,600

5. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor
leasehold fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 35,582 674,753 21,634 731,969
Additions - 27,248 - 27,248
Disposals - - (10,934 ) (10,934 )
At 31 March 2024 35,582 702,001 10,700 748,283
DEPRECIATION
At 1 April 2023 35,582 601,812 18,371 655,765
Charge for year - 20,037 793 20,830
Eliminated on disposal - - (10,842 ) (10,842 )
At 31 March 2024 35,582 621,849 8,322 665,753
NET BOOK VALUE
At 31 March 2024 - 80,152 2,378 82,530
At 31 March 2023 - 72,941 3,263 76,204

ARCHBOND LIMITED (REGISTERED NUMBER: 01955549)

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


6. STOCKS
2024 2023
£    £   
Stocks 301,651 274,415

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 307,069 296,542
Amounts owed by group undertakings 804,950 1,600,405
Other debtors 385,277 408,743
1,497,296 2,305,690

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 155,195 254,628
Taxation and social security 124,188 88,167
Other creditors 297,086 296,421
576,469 639,216

9. ULTIMATE CONTROLLING PARTY

The company's immediate parent undertaking is Fenrir Holdings Limited. The registered office address and the principal place of business of Fenrir Holdings Limited is Mill Hill Factory, Desford Road, Enderby, Leicestershire, LE19 4AD.

The company is the subsidiary undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts.