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REGISTERED NUMBER: 08995362 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Archers Financial Services Limited

Archers Financial Services Limited (Registered number: 08995362)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Archers Financial Services Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: N Sainsbury





SECRETARY:





REGISTERED OFFICE: 1 Windmill Hill
Enfield
Middlesex
EN2 6SE





REGISTERED NUMBER: 08995362 (England and Wales)






Archers Financial Services Limited (Registered number: 08995362)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 8,627 8,968

CURRENT ASSETS
Debtors 6 259,304 288,057
Cash at bank 6,151 20
265,455 288,077
CREDITORS
Amounts falling due within one year 7 216,523 200,584
NET CURRENT ASSETS 48,932 87,493
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,559

96,461

CREDITORS
Amounts falling due after more than one
year

8

(57,436

)

(93,397

)

PROVISIONS FOR LIABILITIES (1,704 ) (1,704 )
NET (LIABILITIES)/ASSETS (1,581 ) 1,360

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (1,681 ) 1,260
(1,581 ) 1,360

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Archers Financial Services Limited (Registered number: 08995362)

Balance Sheet - continued
30 September 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 6 June 2025 and were signed by:





N Sainsbury - Director


Archers Financial Services Limited (Registered number: 08995362)

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

1. STATUTORY INFORMATION

Archers Financial Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

Archers Financial Services Limited (Registered number: 08995362)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 29,436
Additions 2,583
Disposals (85 )
At 30 September 2024 31,934
DEPRECIATION
At 1 October 2023 20,468
Charge for year 2,876
Eliminated on disposal (37 )
At 30 September 2024 23,307
NET BOOK VALUE
At 30 September 2024 8,627
At 30 September 2023 8,968

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 39,364 53,395
Other debtors 219,940 234,662
259,304 288,057

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 125,182 127,317
Hire purchase contracts - 2,144
Trade creditors 1,571 913
Taxation and social security 85,895 66,131
Other creditors 3,875 4,079
216,523 200,584

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 57,436 93,397

Archers Financial Services Limited (Registered number: 08995362)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

30.9.24 30.9.23
£    £   
N Sainsbury
Balance outstanding at start of year 176,383 99,903
Amounts advanced 37,682 93,980
Amounts repaid (52,404 ) (17,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 161,661 176,383

The amount owed to the company at the year end date of £161,660 is repayable to the company on demand but the director plans to repay this loan to the company in the short term.

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £87,783 were paid to the director .

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N Sainsbury.