Archetype Trading Limited 07721966 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is that of trading in futures. Digita Accounts Production Advanced 6.30.9574.0 true true 07721966 2023-08-01 2024-07-31 07721966 2024-07-31 07721966 core:CurrentFinancialInstruments 2024-07-31 07721966 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 07721966 core:OfficeEquipment 2024-07-31 07721966 1 2024-07-31 07721966 bus:SmallEntities 2023-08-01 2024-07-31 07721966 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 07721966 bus:FilletedAccounts 2023-08-01 2024-07-31 07721966 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 07721966 bus:RegisteredOffice 2023-08-01 2024-07-31 07721966 bus:Director1 2023-08-01 2024-07-31 07721966 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 07721966 core:OfficeEquipment 2023-08-01 2024-07-31 07721966 core:PlantMachinery 2023-08-01 2024-07-31 07721966 countries:EnglandWales 2023-08-01 2024-07-31 07721966 1 2023-08-01 2024-07-31 07721966 2023-07-31 07721966 core:OfficeEquipment 2023-07-31 07721966 1 2023-07-31 07721966 2022-08-01 2023-07-31 07721966 2023-07-31 07721966 core:CurrentFinancialInstruments 2023-07-31 07721966 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 07721966 core:OfficeEquipment 2023-07-31 07721966 1 2023-07-31 07721966 1 2022-08-01 2023-07-31 07721966 1 2022-07-31 iso4217:GBP xbrli:pure

Registration number: 07721966

Archetype Trading Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

Archetype Trading Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 6

 

Archetype Trading Limited

(Registration number: 07721966)
Statement of Financial Position as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,243

2,488

Current assets

 

Debtors

5

374

206

Cash at bank and in hand

 

85,442

83,089

 

85,816

83,295

Creditors: Amounts falling due within one year

6

(109,785)

(97,355)

Net current liabilities

 

(23,969)

(14,060)

Net liabilities

 

(22,726)

(11,572)

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

(22,826)

(11,672)

Shareholders' deficit

 

(22,726)

(11,572)

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges 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 and 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 director has not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the director on 28 July 2025
 


J F Bland
Director

 

Archetype Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 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:
Queens House
42-44 New Street
Honiton
Devon
EX14 1BJ

Principal activity

The principal activity of the company is that of trading in futures.

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 financial statements are prepared in sterling. The functional currency of the entity is US dollars.

Going concern

The financial statements have been prepared on a going concern basis.

 

Archetype Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)

2

Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

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 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.

Tangible assets

Tangible assets are stated in the statement of financial position 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

Computer equipment

3 years straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, 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. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

 

Archetype Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)

2

Accounting policies (continued)

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Archetype Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)

4

Tangible assets

Computer equipment
£

Total
£

Cost or valuation

At 1 August 2023

3,732

3,732

At 31 July 2024

3,732

3,732

Depreciation

At 1 August 2023

1,244

1,244

Charge for the year

1,245

1,245

At 31 July 2024

2,489

2,489

Carrying amount

At 31 July 2024

1,243

1,243

At 31 July 2023

2,488

2,488

5

Debtors

2024
£

2023
£

Prepayments

374

206

374

206

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

1,025

1,321

Other creditors

108,760

96,034

109,785

97,355

 

Archetype Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)

7

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

Retained earnings
£

Total
£

Foreign currency translation gains/(losses)

(319)

(319)

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

Retained earnings
£

Total
£

Unrealised gain/loss due to reclassification adjustments adjusted in foreign exchange differences

(4,648)

(4,648)

Profit and loss account:

This reserve records retained earnings and accumulated losses.

8

Related party transactions

Transactions with the director

2024

At 1 August 2023
£

Repayments by director
£

At 31 July 2024
£

Director

96,034

12,726

108,760

       
     

 

2023

At 1 August 2022
£

Repayments by director
£

At 31 July 2023
£

Director

88,187

7,847

96,034