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Registration number: 00614754

J.C.Archer Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

J.C.Archer Limited

Contents

Company Information

1

Directors' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 10

 

J.C.Archer Limited

Company Information

Directors

Mrs J M Johnson

Mr H J Johnson

Company secretary

Mrs J M Johnson

Registered office

51 St John Street
Ashbourne
Derbyshire
DE6 1GP

Accountants

Coates and Partners Limited
The Old Vicarage
51 St John Street
Ashbourne
Derbyshire
DE6 1GP

 

J.C.Archer Limited

Directors' Report for the Year Ended 30 September 2024

The directors present their report and the financial statements for the year ended 30 September 2024.

Directors of the company

The directors who held office during the year were as follows:

Mrs J M Johnson - Company secretary and director

Mr H J Johnson

Small companies provision statement

This report has 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.

Approved and authorised by the Board on 11 March 2025 and signed on its behalf by:
 

.........................................
Mrs J M Johnson
Company secretary and director

.........................................
Mr H J Johnson
Director

 

J.C.Archer Limited

(Registration number: 00614754)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

97,889

92,839

Current assets

 

Stocks

8,500

7,300

Debtors

5

22,167

30,994

Cash at bank and in hand

 

2,003

2,022

 

32,670

40,316

Creditors: Amounts falling due within one year

6

(42,278)

(43,749)

Net current liabilities

 

(9,608)

(3,433)

Total assets less current liabilities

 

88,281

89,406

Provisions for liabilities

(5,868)

(7,800)

Net assets

 

82,413

81,606

Capital and reserves

 

Called up share capital

900

900

Retained earnings

81,513

80,706

Shareholders' funds

 

82,413

81,606

For the financial year ending 30 September 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 and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland'.

Approved and authorised by the Board on 11 March 2025 and signed on its behalf by:
 

.........................................
Mrs J M Johnson
Company secretary and director

.........................................
Mr H J Johnson
Director

 
     
 

J.C.Archer Limited

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

1

General information

The company is a private company limited by share capital incorporated in England and Wales registration number: 00614754.

The address of its registered office is:
51 St John Street
Ashbourne
Derbyshire
DE6 1GP
England

These financial statements were authorised for issue by the Board on 11 March 2025.

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 except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency is £ sterling.

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.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

J.C.Archer Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

2

Accounting policies (continued)

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income 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.

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

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

Land

not depreciated

Buildings

5% reducing balance basis

Plant and machinery

25% reducing balance basis

Motor vehicles

25% reducing balance basis

Computer equipment

15% reducing balance basis

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

J.C.Archer Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

2

Accounting policies (continued)

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

 

J.C.Archer Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 October 2023

34,450

531

20,629

167,851

223,461

Additions

17,419

-

-

2,610

20,029

Disposals

-

-

-

(1,711)

(1,711)

At 30 September 2024

51,869

531

20,629

168,750

241,779

Depreciation

At 1 October 2023

-

440

3,438

126,744

130,622

Charge for the year

245

14

4,298

10,422

14,979

Eliminated on disposal

-

-

-

(1,711)

(1,711)

At 30 September 2024

245

454

7,736

135,455

143,890

Carrying amount

At 30 September 2024

51,624

77

12,893

33,295

97,889

At 30 September 2023

34,450

91

17,191

41,107

92,839

 

J.C.Archer Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

4

Tangible assets (continued)

Included within the net book value of land and buildings above is £51,624 (2023 - £34,450) in respect of freehold land and buildings.
 

 

J.C.Archer Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

5

Debtors

Current

2024
£

2023
£

Trade debtors

216

4,405

Prepayments

2,256

1,732

Other debtors

19,695

24,857

 

22,167

30,994

 

J.C.Archer Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

3,423

978

Trade creditors

 

3,511

1,378

Taxation and social security

 

4,869

531

Accruals and deferred income

 

3,880

13,126

Other creditors

 

26,595

27,736

 

42,278

43,749

The hire purchase is secured by the asset to which it relates.

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank overdrafts

3,423

978