Company registration number 01759047 (England and Wales)
ARCHITEN LANDRELL MANUFACTURING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
ARCHITEN LANDRELL MANUFACTURING LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 10
ARCHITEN LANDRELL MANUFACTURING LIMITED
BALANCE SHEET
AS AT 30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
FIXED ASSETS
Intangible assets
3
1,597,354
1,038,074
Tangible assets
4
401,900
302,308
1,999,254
1,340,382
CURRENT ASSETS
Stocks
395,075
147,197
Debtors
5
2,056,332
1,528,244
Cash at bank and in hand
421,085
1,601,434
2,872,492
3,276,875
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
6
(2,565,881)
(1,638,377)
NET CURRENT ASSETS
306,611
1,638,498
TOTAL ASSETS LESS CURRENT LIABILITIES
2,305,865
2,978,880
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
7
(75,000)
(125,000)
PROVISIONS FOR LIABILITIES
(26,028)
(61,474)
NET ASSETS
2,204,837
2,792,406
CAPITAL AND RESERVES
Called up share capital
4,800
4,800
Capital redemption reserve
135,200
135,200
Profit and loss reserves
2,064,837
2,652,406
TOTAL EQUITY
2,204,837
2,792,406
ARCHITEN LANDRELL MANUFACTURING LIMITED
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024
30 April 2024
- 2 -

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 30 January 2025
Mr C L Rowell
Director
Company registration number 01759047 (England and Wales)
ARCHITEN LANDRELL MANUFACTURING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 3 -
1
ACCOUNTING POLICIES
Company information

Architen Landrell Manufacturing Limited is a private company limited by shares incorporated in England and Wales. The registered office is Station Road, Chepstow, Monmouthshire, NP16 5PF.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents the amounts invoiced during the year, stated net of discounts and of Value Added Tax.

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

 

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Development costs
10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

ARCHITEN LANDRELL MANUFACTURING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
ACCOUNTING POLICIES
(Continued)
- 4 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold property improvements
7 years straight line
Plant and machinery
10% to 25% straight line
Fixtures and fittings
25% straight line
Motor vehicles
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

ARCHITEN LANDRELL MANUFACTURING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
ACCOUNTING POLICIES
(Continued)
- 5 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.10
Provisions

Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

 

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

ARCHITEN LANDRELL MANUFACTURING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
ACCOUNTING POLICIES
(Continued)
- 6 -
1.11
Retirement benefits

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

 

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

1.12
Operating leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.13
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

1.14

Construction contracts

Revenue from construction contracts is recognised when the job is completed. The completion of the job is determined based on the achievement of key milestones and acceptance by the customer, as defined in the specific contract terms. The company will accrue any costs associated with the contract that have been incurred but not yet billed by suppliers, subcontractors, or other third parties. These costs will be recognised in the financial accounts as part of the project's total costs, irrespective of whether the payment has been made or the invoice has been received.

 

ARCHITEN LANDRELL MANUFACTURING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
ACCOUNTING POLICIES
(Continued)
- 7 -
1.15

Research and development

Research expenditure is written off against profits in the period in which it is incurred.

 

Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met:

 

 

 

 

 

 

 

Expenditure that does not meet the above criteria is expensed as incurred.

2
EMPLOYEES

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
33
28
ARCHITEN LANDRELL MANUFACTURING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 8 -
3
INTANGIBLE FIXED ASSETS
Development costs
£
Cost
At 1 May 2023
1,188,408
Additions
677,771
At 30 April 2024
1,866,179
Amortisation and impairment
At 1 May 2023
150,334
Amortisation charged for the year
118,491
At 30 April 2024
268,825
Carrying amount
At 30 April 2024
1,597,354
At 30 April 2023
1,038,074
4
TANGIBLE FIXED ASSETS
Leasehold property improvements
Plant and machinery
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 May 2023
128,547
896,753
587,537
167,477
1,780,314
Additions
13,088
19,885
33,747
186,051
252,771
Disposals
-
0
-
0
-
0
(144,227)
(144,227)
At 30 April 2024
141,635
916,638
621,284
209,301
1,888,858
Depreciation and impairment
At 1 May 2023
60,158
790,757
522,713
104,378
1,478,006
Depreciation charged in the year
19,868
20,714
26,762
43,769
111,113
Eliminated in respect of disposals
-
0
-
0
-
0
(102,161)
(102,161)
At 30 April 2024
80,026
811,471
549,475
45,986
1,486,958
Carrying amount
At 30 April 2024
61,609
105,167
71,809
163,315
401,900
At 30 April 2023
68,389
105,996
64,824
63,099
302,308
ARCHITEN LANDRELL MANUFACTURING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 9 -
5
DEBTORS
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
1,846,394
1,423,257
Amounts owed by group undertakings
2,897
-
0
Other debtors
207,041
104,987
2,056,332
1,528,244
6
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
£
£
Bank loans
50,000
50,000
Trade creditors
539,890
376,439
Amounts owed to group undertakings
7,411
5,626
Taxation and social security
219,307
262,547
Other creditors
1,749,273
943,765
2,565,881
1,638,377

The above includes secured creditors of £50,000 (2023: £50,000) relating to a bank loan, which is secured by fixed and floating charges.

7
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024
2023
£
£
Bank loans
75,000
125,000

The above includes secured creditors of £75,000 (2023: £125,000) relating to a bank loan, which is secured by fixed and floating charges.

ARCHITEN LANDRELL MANUFACTURING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 10 -
8
OPERATING LEASE COMMITMENTS

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
76,667
116,667
9
RELATED PARTY TRANSACTIONS

The company has taken advantage of the exemption under section 33 of FRS 102 not to disclose transactions with wholly owned entities of the same group.

10
CONTROLLING PARTY

The company's ultimate parent company is Architen Landrell Group Limited, a company incorporated in England and Wales.

 

Architen Landrell Group Limited is also the company's immediate controlling party.

2024-04-302023-05-01falsefalsefalse30 January 2025CCH SoftwareCCH Accounts Production 2024.301Design, engineer, manufacture, install, and maintain tensile fabric structures, ETFE systems, and fabric canopies.

Mr Christopher RowellMrs K L Rowell
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