REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 November 2022 to 30 April 2024 |
for |
Archlevel Lacrosse Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 November 2022 to 30 April 2024 |
for |
Archlevel Lacrosse Limited |
Archlevel Lacrosse Limited (Registered number: 07901925) |
Contents of the Financial Statements |
for the Period 1 November 2022 to 30 April 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Statement of Changes in Equity | 3 |
Notes to the Financial Statements | 4 |
Archlevel Lacrosse Limited |
Company Information |
for the Period 1 November 2022 to 30 April 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANT: |
t/a R J Woods & Co |
Santa Maria |
Anchor Lane, The Heath |
Dedham |
Colchester |
Essex |
CO7 6BX |
Archlevel Lacrosse Limited (Registered number: 07901925) |
Balance Sheet |
30 April 2024 |
30.4.24 | 31.10.22 |
Notes | £ | £ |
CURRENT ASSETS |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
The financial statements were approved by the director and authorised for issue on |
Archlevel Lacrosse Limited (Registered number: 07901925) |
Statement of Changes in Equity |
for the Period 1 November 2022 to 30 April 2024 |
Called up |
share | Retained | Total |
capital | earnings | equity |
£ | £ | £ |
Balance at 1 November 2021 | ( |
) | ( |
) |
Changes in equity |
Total comprehensive income | - | ( |
) | ( |
) |
Balance at 31 October 2022 | ( |
) | ( |
) |
Changes in equity |
Total comprehensive income | - | ( |
) | ( |
) |
Balance at 30 April 2024 | ( |
) | ( |
) |
Archlevel Lacrosse Limited (Registered number: 07901925) |
Notes to the Financial Statements |
for the Period 1 November 2022 to 30 April 2024 |
1. | STATUTORY INFORMATION |
Archlevel Lacrosse Limited is a |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared under the historical cost convention. |
The financial statements are presented in Sterling (£). |
Going concern: |
The company ceased trading on 15 January 2024, and the director will seek to have the company dissolved as soon as is practicable. The director has confirmed that he will continue to financially support the company until it is dissolved. As a result the director does not consider it appropriate to use the Going Concern Basis to prepare these financial statements. Therefore, the director has adopted a basis other than Going Concern, under which assets and liabilities have been stated at realisable value. |
In all other respects the preparation of financial statements have been prepared in compliance with FRS 102, Section 1A, which requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. |
The following principal accounting policies have been applied: |
Turnover |
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: |
Sale of goods: |
Revenue from the sale of goods is recognised when the company has transferred the significant risks and |
rewards of ownership to the buyer, which is usually on the shipment of the goods. |
Tangible fixed assets |
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. |
Depreciation is charged so as to allocate the cost of the assets less their residual value over their estimated useful lives, using the straight line method. |
Depreciation is provided on the following basis: |
Plant and machinery etc - 25% on cost |
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. |
Gains or losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement. |
Archlevel Lacrosse Limited (Registered number: 07901925) |
Notes to the Financial Statements - continued |
for the Period 1 November 2022 to 30 April 2024 |
3. | ACCOUNTING POLICIES - continued |
Taxation |
The tax expense for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. |
The current tax charge is calculated on the basis of the tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income. |
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: |
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered |
against the reversal of deferred tax liabilities or other future taxable profits; and |
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances |
have been met. |
Deferred tax balances are not recognised in respect of permanent timing differences except in respect of business combinations, when deferred tax is recognised on the differences between fair values of assets acquired and the future tax deductions available for them and the differences between fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date. |
Debtors |
Short term debtors are measured at transaction price, less any impairment. |
Cash and cash equivalents |
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. |
Creditors |
Short term creditors are measured at the transaction price. Other financial liabilities are measured at fair value, net of transaction costs and are measured subsequently at amortised cost using the effective interest method. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
Archlevel Lacrosse Limited (Registered number: 07901925) |
Notes to the Financial Statements - continued |
for the Period 1 November 2022 to 30 April 2024 |
5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 November 2022 |
Disposals | ( |
) |
At 30 April 2024 |
DEPRECIATION |
At 1 November 2022 |
Eliminated on disposal | ( |
) |
At 30 April 2024 |
NET BOOK VALUE |
At 30 April 2024 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.24 | 31.10.22 |
£ | £ |
Other creditors |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.4.24 | 31.10.22 |
value: | £ | £ |
Ordinary A | £1 |
Ordinary B | £1 |
8. | RELATED PARTY DISCLOSURES |
At the Balance Sheet date, Creditors: amounts falling due within one year, includes amounts loaned to the company by one of the owners totalling £3,478 (2022: £2,468). The loans are repayable on demand, unsecured and interest-free. |