REGISTERED NUMBER: 02648106 (England and Wales)

ARCHIVE BUSINESS CENTRE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J Worsfold

P M P Worsfold

SECRETARY:

Mrs J Worsfold

REGISTERED OFFICE:

Aston Way

Moss Side

Leyland

Lancashire

PR26 7UX

REGISTERED NUMBER:

02648106 (England and Wales)

ACCOUNTANTS:

Rushtons

Chartered Accountants

Shorrock House

1 Faraday Court

Fulwood

Preston

Lancashire

PR2 9NB

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

696,175

889,084

696,175

889,084

CURRENT ASSETS

Stocks

4,806

16,559

Debtors

6

947,531

921,055

Cash at bank and in hand

256,362

332,795

1,208,699

1,270,409

CREDITORS

Amounts falling due within one year

1,131,454

1,503,850

NET CURRENT ASSETS/(LIABILITIES)

77,245

(233,441

)

TOTAL ASSETS LESS CURRENT LIABILITIES

773,420

655,643

CREDITORS

Amounts falling due after more than one year

(337,163

)

(224,379

)

PROVISIONS FOR LIABILITIES

(171,435

)

(206,192

)

NET ASSETS

264,822

225,072

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

264,722

224,972

SHAREHOLDERS' FUNDS

264,822

225,072

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 August 2025 and were signed on its behalf by:

Mrs J Worsfold - Director

P M P Worsfold - Director

1.	STATUTORY INFORMATION

Archive Business Centre 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.	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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 74 (2024 - 109 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2024

and 31 January 2025

256,039

AMORTISATION

At 1 February 2024

and 31 January 2025

256,039

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2024

1,735,174

Additions

349,849

Disposals

(552,043

)

At 31 January 2025

1,532,980

DEPRECIATION

At 1 February 2024

846,090

Charge for year

262,092

Eliminated on disposal

(271,377

)

At 31 January 2025

836,805

NET BOOK VALUE

At 31 January 2025

696,175

At 31 January 2024

889,084

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

Totals

£

COST

At 1 February 2024

568,530

Additions

332,888

At 31 January 2025

901,418

DEPRECIATION

At 1 February 2024

227,780

Charge for year

134,671

At 31 January 2025

362,451

NET BOOK VALUE

At 31 January 2025

538,967

At 31 January 2024

340,750

6.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other debtors

133,631

133,631

7.	CAPITAL COMMITMENTS

2025

2024

£

£

Contracted but not provided for in the

financial statements

204,139

204,139

The company has committed to purchasing additional vehicles totalling £204,139.

8.	RELATED PARTY DISCLOSURES

At the year end the following balances were due with related parties:

2025

2024

£

£

Loan from JPJ Holdings Limited

443,401

676,841

Loan to ABC Logistic Solutions Ltd

(241,825

)

-

The loans are interest free and repayable on demand.