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REGISTERED NUMBER: 00483251 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024

FOR

ARCHIE WELLS LIMITED

ARCHIE WELLS LIMITED (REGISTERED NUMBER: 00483251)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


ARCHIE WELLS LIMITED (REGISTERED NUMBER: 00483251)

BALANCE SHEET
30TH JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,811,085 1,470,184

CURRENT ASSETS
Stocks 165,205 361,904
Debtors 5 1,189,829 569,318
Cash at bank 359,779 229,352
1,714,813 1,160,574
CREDITORS
Amounts falling due within one year 6 722,964 458,373
NET CURRENT ASSETS 991,849 702,201
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,802,934

2,172,385

CREDITORS
Amounts falling due after more than one
year

7

(359,967

)

(625,716

)

PROVISIONS FOR LIABILITIES (184,474 ) (119,703 )
NET ASSETS 2,258,493 1,426,966

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 2,248,493 1,416,966
SHAREHOLDERS' FUNDS 2,258,493 1,426,966

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2024 in accordance with Section 476 of the Companies Act 2006.

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.

ARCHIE WELLS LIMITED (REGISTERED NUMBER: 00483251)

BALANCE SHEET - continued
30TH JUNE 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25th January 2025 and were signed by:





Mr D M Waters - Director


ARCHIE WELLS LIMITED (REGISTERED NUMBER: 00483251)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024


1. STATUTORY INFORMATION

Archie Wells Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 00483251

Registered office: Waters Farm
Cockbourn Fen Dike
Gedney Fen
Spalding
Lincolnshire
PE12 0DQ

2. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance, 15% on reducing balance and 10% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

ARCHIE WELLS LIMITED (REGISTERED NUMBER: 00483251)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st July 2023 819,925 1,527,749 2,347,674
Additions - 512,637 512,637
Disposals - (97,855 ) (97,855 )
At 30th June 2024 819,925 1,942,531 2,762,456
DEPRECIATION
At 1st July 2023 - 877,490 877,490
Charge for year - 161,200 161,200
Eliminated on disposal - (87,319 ) (87,319 )
At 30th June 2024 - 951,371 951,371
NET BOOK VALUE
At 30th June 2024 819,925 991,160 1,811,085
At 30th June 2023 819,925 650,259 1,470,184

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,007,614 460,660
Other debtors 182,215 108,658
1,189,829 569,318

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 28,458 45,370
Hire purchase contracts 68,500 68,500
Trade creditors 328,893 154,691
Taxation and social security 177,022 152,259
Other creditors 120,091 37,553
722,964 458,373

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 289,767 487,016
Hire purchase contracts 70,200 138,700
359,967 625,716

ARCHIE WELLS LIMITED (REGISTERED NUMBER: 00483251)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 205,167 349,256