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Company Registration No. 06548106 (England and Wales)
Archlite Design Ltd Unaudited accounts for the year ended 31 March 2024
Archlite Design Ltd Unaudited accounts Contents
Page
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Archlite Design Ltd Company Information for the year ended 31 March 2024
Directors
Trent O'Connor Emma Owen-Smith
Company Number
06548106 (England and Wales)
Registered Office
48 WESTGATE CHICHESTER PO19 3EU ENGLAND
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Archlite Design Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,447 
3,165 
Current assets
Debtors
10,815 
23,552 
Cash at bank and in hand
19,821 
17,611 
30,636 
41,163 
Creditors: amounts falling due within one year
(53,541)
(43,489)
Net current liabilities
(22,905)
(2,326)
Net (liabilities)/assets
(21,458)
839 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(21,558)
739 
Shareholders' funds
(21,458)
839 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 November 2024 and were signed on its behalf by
Trent O'Connor Director Company Registration No. 06548106
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Archlite Design Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Archlite Design Ltd is a private company, limited by shares, registered in England and Wales, registration number 06548106. The registered office is 48 WESTGATE, CHICHESTER, PO19 3EU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Revenue, described as turnover, is the value of goods (net of VAT) provided to customers during the year, plus the value of work (net of VAT) performed during the year with respect to services.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Tangible fixed assets and depreciation
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant & machinery
20% straight line
Motor vehicles
25% straight line
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Archlite Design Ltd Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
9,727 
19,307 
29,034 
Additions
1,181 
- 
1,181 
At 31 March 2024
10,908 
19,307 
30,215 
Depreciation
At 1 April 2023
8,908 
16,961 
25,869 
Charge for the year
552 
2,347 
2,899 
At 31 March 2024
9,460 
19,308 
28,768 
Net book value
At 31 March 2024
1,448 
(1)
1,447 
At 31 March 2023
819 
2,346 
3,165 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
10,815 
23,552 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
8,678 
12,526 
VAT
(569)
7,138 
Trade creditors
20,399 
2,884 
Taxes and social security
(176)
4,978 
Other creditors
5,503 
1,563 
Loans from directors
18,606 
13,080 
Accruals
1,100 
1,320 
53,541 
43,489 
7
Transactions with related parties
The following material transactions with directors and shareholders have not been conducted under normal market conditions: Interest is not being charged on the directors' loans included within creditors.
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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