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REGISTERED NUMBER: 01835470 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

ARCHER TECHNICOAT LIMITED

ARCHER TECHNICOAT LIMITED (REGISTERED NUMBER: 01835470)

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










Page

Company Information 1

Accountants' Report 2

Statement of Financial Position 3 to 4

Notes to the Financial Statements 5 to 8


ARCHER TECHNICOAT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr C Prentice
Mrs S C Yeatman
Mr J A Yeatman





SECRETARY: Mrs S C Yeatman





REGISTERED OFFICE: Unit E Progress Road
Sands Industrial Estate
High Wycombe
Buckinghamshire
HP12 4JD





REGISTERED NUMBER: 01835470 (England and Wales)





ACCOUNTANTS: Seymour Taylor Limited
First Floor North
40 Oxford Road
High Wycombe
Buckinghamshire
HP11 2EE

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ARCHER TECHNICOAT LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Archer Technicoat Limited for the year ended 30 June 2024 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Archer Technicoat Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Archer Technicoat Limited and state those matters that we have agreed to state to the Board of Directors of Archer Technicoat Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Archer Technicoat Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Archer Technicoat Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Archer Technicoat Limited. You consider that Archer Technicoat Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Archer Technicoat Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Seymour Taylor Limited
First Floor North
40 Oxford Road
High Wycombe
Buckinghamshire
HP11 2EE


28 February 2025

ARCHER TECHNICOAT LIMITED (REGISTERED NUMBER: 01835470)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 53,144 14,149

CURRENT ASSETS
Stocks 40,663 40,627
Debtors 5 1,018,044 833,635
Cash at bank and in hand 807,083 897,392
1,865,790 1,771,654
CREDITORS
Amounts falling due within one year 6 312,066 443,277
NET CURRENT ASSETS 1,553,724 1,328,377
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,606,868

1,342,526

PROVISIONS FOR LIABILITIES 7 21,700 19,700
NET ASSETS 1,585,168 1,322,826

CAPITAL AND RESERVES
Called up share capital 8 78 78
Capital redemption reserve 50 50
Retained earnings 1,585,040 1,322,698
SHAREHOLDERS' FUNDS 1,585,168 1,322,826

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

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

The directors acknowledge their 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.

ARCHER TECHNICOAT LIMITED (REGISTERED NUMBER: 01835470)

STATEMENT OF FINANCIAL POSITION - continued
30 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2025 and were signed on its behalf by:





Mr J A Yeatman - Director


ARCHER TECHNICOAT LIMITED (REGISTERED NUMBER: 01835470)

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


1. STATUTORY INFORMATION

Archer Technicoat is a private company limited by shares and incorporated in England and Wales. The address of the company's registered office is Unit E, Progress Road, Sands Industrial Estate, High Wycombe, Buckinghamshire, HP12 4JD. The registered number is 01835470.

The presentation currency of these financial statements is Sterling (£), being the currency of the primary economic market in which the entity operates (its functional currency). All amounts in these financial statements have been rounded to the nearest pound unless stated otherwise.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

The company assesses at each reporting date whether tangible fixed assets are impaired.

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimate useful life:

Improvements to property - straight line - 20% and over the lease term
Plant and machinery - straight line - 20%
Computer equipment - straight line - 33%

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

Taxation
Tax on the profit or loss for the year comprises current and deferred tax. Tax is recognised in the income statement except to the extent that it relates to items recognised directly in equity or other comprehensive income, in which case it is recognised directly in equity or other comprehensive income.

Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the balance sheet date, and any adjustment to tax payable in respect of previous years.


ARCHER TECHNICOAT LIMITED (REGISTERED NUMBER: 01835470)

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


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is provided on timing differences which arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Differences between accumulated depreciation and tax allowances for the cost of a fixed asset, if and when all conditions for retaining the tax allowances have been met, are not provided for. Deferred tax is not recognised on permanent differences arising because certain types of income or expense are non-taxable or are disallowable for tax or because certain tax charges or allowances are greater or smaller than the corresponding income or expense.

Deferred tax is measured at the tax rate that is expected to apply to the reversal of the related difference, using tax rates enacted or substantively enacted at the balance sheet date. Deferred tax balances are not discounted.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Transactions denominated in foreign currencies are translated into Sterling at the rate of exchange ruling at the date of the transaction. Monetary assets and liabilities at the period end denominated in a foreign currency are translated into Sterling at the rate of exchange ruling at the balance sheet date. Exchange differences are taken into account when arriving at the operating profit.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
The company has applied the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instrument Issues" of FRS 102 to its financial statements.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 19 ) .

ARCHER TECHNICOAT LIMITED (REGISTERED NUMBER: 01835470)

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


4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 July 2023 49,530 149,992 54,351 253,873
Additions 53,040 - 5,690 58,730
At 30 June 2024 102,570 149,992 60,041 312,603
DEPRECIATION
At 1 July 2023 45,071 148,340 46,313 239,724
Charge for year 10,325 551 8,859 19,735
At 30 June 2024 55,396 148,891 55,172 259,459
NET BOOK VALUE
At 30 June 2024 47,174 1,101 4,869 53,144
At 30 June 2023 4,459 1,652 8,038 14,149

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 77,836 526,600
Other debtors 888,685 246,771
966,521 773,371

Amounts falling due after more than one year:
Other debtors 51,523 60,264

Aggregate amounts 1,018,044 833,635

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 223,506 288,185
Taxation and social security 25,829 41,359
Other creditors 62,731 113,733
312,066 443,277

ARCHER TECHNICOAT LIMITED (REGISTERED NUMBER: 01835470)

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


7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Other provisions
Provisions for repairs and
renewals 21,700 19,700
21,700 19,700

Repairs
Deferred and
tax renewals
£    £   
Balance at 1 July 2023 (60,264 ) 19,700
Provided during year 8,741 2,000
Balance at 30 June 2024 (51,523 ) 21,700

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
Value £    £   

800 Founder £0.05 40 40
760 Ordinary B £0.05 38 38
78 78

9. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies not included in the statement of financial position amount to £447,333 (2023 - £3,125). These relate to obligations under operating leases of which £88,000 (2023 - £3,125) is due within one year.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
Mr J A Yeatman
Balance outstanding at start of year - -
Amounts advanced 282,847 -
Amounts repaid (20,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 262,847 -

The loan is unsecured and repayable on demand. Interest is charged at a rate of 3.5% per annum.