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
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
Archlite Design Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
1,447
3,165
Cash at bank and in hand
19,821
17,611
Creditors: amounts falling due within one year
(53,541)
(43,489)
Net current liabilities
(22,905)
(2,326)
Net (liabilities)/assets
(21,458)
839
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
Archlite Design Ltd
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
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
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
At 31 March 2024
10,908
19,307
30,215
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
At 31 March 2024
1,448
(1)
1,447
At 31 March 2023
819
2,346
3,165
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
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
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).