Registered number
13796101
Archer Commodities Ltd
Filleted Accounts
31 December 2024
Archer Commodities Ltd
Registered number: 13796101
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,990 2,650
Current assets
Stocks 11,000 -
Debtors 4 5,479 6,365
Cash at bank and in hand 7,052 287
23,531 6,652
Creditors: amounts falling due within one year 5 (1,702) (2,559)
Net current assets 21,829 4,093
Total assets less current liabilities 23,819 6,743
Creditors: amounts falling due after more than one year 6 (23,510) (4,844)
Net assets 309 1,899
Capital and reserves
Called up share capital 100 100
Profit and loss account 209 1,799
Shareholders' funds 309 1,899
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Castle
Director
Approved by the board on 31 July 2025
Archer Commodities Ltd
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Office equipment
£
Cost
At 1 January 2024 3,315
At 31 December 2024 3,315
Depreciation
At 1 January 2024 665
Charge for the year 660
At 31 December 2024 1,325
Net book value
At 31 December 2024 1,990
At 31 December 2023 2,650
4 Debtors 2024 2023
£ £
Intercompany loan 3,959 5,990
Other debtors 1,520 375
5,479 6,365
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 567
Trade creditors 262 302
Taxation and social security costs - 250
Other creditors 1,440 1,440
1,702 2,559
6 Creditors: amounts falling due after one year 2024 2023
£ £
Directors loan 23,510 4,844
7 Controlling party
The company is controlled by the director.
8 Other information
Archer Commodities Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
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