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REGISTERED NUMBER: 09796535 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Archway I. T. Limited

Archway I. T. Limited (Registered number: 09796535)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Archway I. T. Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: L S Draper
J Cartwright





REGISTERED OFFICE: Unit 1
Mercian Park
Mercian Close
Ilkeston
Derbyshire
DE7 8HG





REGISTERED NUMBER: 09796535 (England and Wales)





ACCOUNTANTS: D. K. Rumsby & Co Limited
3 Colwick Quays
Colwick
Nottingham
Nottinghamshire
NG4 2JY

Archway I. T. Limited (Registered number: 09796535)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £   
FIXED ASSETS
Investments 3 1,788,858 1,788,858

CURRENT ASSETS
Debtors 4 60,000 -
Cash at bank 27,643 66,251
87,643 66,251
CREDITORS
Amounts falling due within one year 5 (165,151 ) (209,528 )
NET CURRENT LIABILITIES (77,508 ) (143,277 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,711,350

1,645,581

CREDITORS
Amounts falling due after more than one
year

6

(1,169,872

)

(1,104,103

)
NET ASSETS 541,478 541,478

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Revaluation reserve 8 540,478 540,478
SHAREHOLDERS' FUNDS 541,478 541,478

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.

Archway I. T. Limited (Registered number: 09796535)

Balance Sheet - continued
31 January 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 Board of Directors and authorised for issue on 22 May 2024 and were signed on its behalf by:




L S Draper - Director



J Cartwright - Director


Archway I. T. Limited (Registered number: 09796535)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. 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 as modified by the revaluation of certain assets.

Investments in subsidiaries
Investments in subsidiaries and associates are stated at a revalued amount. The directors are confident that this represents the current market value of the investment.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

3. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 February 2023
and 31 January 2024 1,788,858
NET BOOK VALUE
At 31 January 2024 1,788,858
At 31 January 2023 1,788,858

Cost or valuation at 31 January 2024 is represented by:

Shares in
group
undertakings
£   
Valuation in 2020 540,478
Cost 1,248,380
1,788,858

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 60,000 -

Archway I. T. Limited (Registered number: 09796535)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 58,532 52,751
Other creditors 106,619 156,777
165,151 209,528

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 323,797 391,764
Amounts owed to group undertakings 846,075 712,339
1,169,872 1,104,103

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 23,771 111,353

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
900 Ordinary £1 900 900
100 Ordinary B £1 100 100
1,000 1,000

8. RESERVES
Revaluation
reserve
£   
At 1 February 2023
and 31 January 2024 540,478