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Registration number: 08300659

Archers Heating & Plumbing Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2024

 

Archers Heating & Plumbing Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Archers Heating & Plumbing Limited

(Registration number: 08300659)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

6

123

Current assets

 

Stocks

6,096

7,121

Debtors

5

192

192

Cash at bank and in hand

 

2

2

 

6,290

7,315

Creditors: Amounts falling due within one year

6

(41,070)

(45,920)

Net current liabilities

 

(34,780)

(38,605)

Total assets less current liabilities

 

(34,774)

(38,482)

Creditors: Amounts falling due after more than one year

6

(17,852)

(23,332)

Provisions for liabilities

(23)

(23)

Net liabilities

 

(52,649)

(61,837)

Capital and reserves

 

Called up share capital

2

2

Retained earnings

(52,651)

(61,839)

Shareholders' deficit

 

(52,649)

(61,837)

 

Archers Heating & Plumbing Limited

(Registration number: 08300659)
Balance Sheet as at 30 June 2024

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 March 2025 and signed on its behalf by:
 

.........................................
Mr K J Archer
Director

 

Archers Heating & Plumbing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
28 Tower Road
Peatmoor
Swindon
SN5 5BG
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

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 £.

Going concern

The financial statements have been prepared on a going concern basis. The directors are aware of the poor trading result and are committed to turning around the financial performance of the company. In their opinion the company will continue trading and are satisfied the bank loan is correctly stated as long term.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of contracting services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Government grants

Government grants are accounted for as revenue based grants under the accruals model in the period in which they are receivable.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

 

Archers Heating & Plumbing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Borrowings

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Archers Heating & Plumbing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 July 2023

6,513

6,513

At 30 June 2024

6,513

6,513

Depreciation

At 1 July 2023

6,390

6,390

Charge for the year

117

117

At 30 June 2024

6,507

6,507

Carrying amount

At 30 June 2024

6

6

At 30 June 2023

123

123

5

Debtors

Current

2024
£

2023
£

Other debtors

192

192

 

192

192

 

Archers Heating & Plumbing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

12,388

12,350

Trade creditors

 

2,932

3,521

Taxation and social security

 

10,399

8,201

Other creditors

 

15,351

21,848

 

41,070

45,920


Creditors include bank loans and bank overdrafts which are secured.

Security for the bounce back loan of £2,626 (2023 - £2,626) is provided by H M Government.

Security for the bank loan of £2,663 (2023 - £2,293) and bank overdraft of £7,034 (2023 - £7,431) is provided by personal guarantees of the directors.

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

17,852

23,332

Creditors include bank loans which are secured.

Security for the bounce back loan of £14,229 (2023 - £16,918) is provided by H M Government.

Security for the bank loan of £3,623 (2023 - £6,414) is provided by personal guarantees of the directors.