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REGISTERED NUMBER: 07440770 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Archaeology Wales Limited

Archaeology Wales Limited (Registered number: 07440770)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Archaeology Wales Limited

Company Information
for the Year Ended 30 November 2024







DIRECTOR: Ms R Hart





REGISTERED OFFICE: Unit D11.6
Treforest Industrial Estate
Pontypridd
CF37 5UR





REGISTERED NUMBER: 07440770 (England and Wales)





ACCOUNTANTS: Morgan Griffiths LLP
Chartered Accountants
Cross Chambers
9 High Street
Newtown
Powys
SY16 2NY

Archaeology Wales Limited (Registered number: 07440770)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,140 16,600
Investments 5 2 2
10,142 16,602

CURRENT ASSETS
Debtors 6 170,503 194,245
Cash at bank and in hand 409 396
170,912 194,641
CREDITORS
Amounts falling due within one year 7 130,015 160,499
NET CURRENT ASSETS 40,897 34,142
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,039

50,744

CREDITORS
Amounts falling due after more than one
year

8

8,877

21,486
NET ASSETS 42,162 29,258

CAPITAL AND RESERVES
Called up share capital 30 30
Capital redemption reserve 10 70 70
Retained earnings 10 42,062 29,158
SHAREHOLDERS' FUNDS 42,162 29,258

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

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

The director acknowledges her 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.

Archaeology Wales Limited (Registered number: 07440770)

Balance Sheet - continued
30 November 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 15 August 2025 and were signed by:





Ms R Hart - Director


Archaeology Wales Limited (Registered number: 07440770)

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


1. STATUTORY INFORMATION

Archaeology Wales 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 relates to the provision of services and is stated exclusive of value added tax

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on cost and 20% on cost

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Archaeology Wales Limited (Registered number: 07440770)

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


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 25 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023 73,240
Additions 2,159
At 30 November 2024 75,399
DEPRECIATION
At 1 December 2023 56,640
Charge for year 8,619
At 30 November 2024 65,259
NET BOOK VALUE
At 30 November 2024 10,140
At 30 November 2023 16,600

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 December 2023
and 30 November 2024 14,490
DEPRECIATION
At 1 December 2023 7,244
Charge for year 3,622
At 30 November 2024 10,866
NET BOOK VALUE
At 30 November 2024 3,624
At 30 November 2023 7,246

Archaeology Wales Limited (Registered number: 07440770)

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


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 December 2023
and 30 November 2024 2
NET BOOK VALUE
At 30 November 2024 2
At 30 November 2023 2

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 150,806 127,900
Other debtors 19,697 66,345
170,503 194,245

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 24,464 38,931
Hire purchase contracts (see note 9) 2,608 2,607
Trade creditors 26,630 8,897
Taxation and social security 66,725 86,774
Other creditors 9,588 23,290
130,015 160,499

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Bank loans 5,834 15,833
Hire purchase contracts (see note 9) 3,043 5,653
8,877 21,486

Archaeology Wales Limited (Registered number: 07440770)

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


9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase
contracts
30.11.24 30.11.23
£    £   
Gross obligations repayable:
Within one year 3,249 2,607
Between one and five years 4,141 5,653
7,390 8,260

Finance charges repayable:
Within one year 641 -
Between one and five years 1,098 -
1,739 -

Net obligations repayable:
Within one year 2,608 2,607
Between one and five years 3,043 5,653
5,651 8,260

Non-cancellable
operating leases
30.11.24 30.11.23
£    £   
Within one year 20,000 20,000
Between one and five years - 20,000
20,000 40,000

10. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 December 2023 29,158 70 29,228
Profit for the year 12,904 12,904
At 30 November 2024 42,062 70 42,132