REGISTERED NUMBER: 05209148 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Archaeological Research Services Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Dr C Waddington

SECRETARY:

T J Nye

REGISTERED OFFICE:

Angel House

Portland Square

Bakewell

Derbyshire

DE45 1HB

REGISTERED NUMBER:

05209148 (England and Wales)

ACCOUNTANTS:

Royston Parkin Limited

2 President Buildings

Savile Street East

Sheffield

South Yorkshire

S4 7UQ

FIXED ASSETS

Property, plant and equipment

4

308,962

362,197

CURRENT ASSETS

Debtors

5

951,775

1,599,710

Cash at bank

402,690

57,494

1,354,465

1,657,204

CREDITORS

Amounts falling due within one year

6

381,343

719,074

NET CURRENT ASSETS

973,122

938,130

TOTAL ASSETS LESS CURRENT LIABILITIES

1,282,084

1,300,327

CREDITORS

Amounts falling due after more than one year

7

(20,833

)

(70,833

)

PROVISIONS FOR LIABILITIES

(77,241

)

(90,550

)

NET ASSETS

1,184,010

1,138,944

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,183,910

1,138,844

1,184,010

1,138,944

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 February 2025 and were signed by:

Dr C Waddington - Director

1.	STATUTORY INFORMATION

Archaeological Research Services Ltd 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.

Turnover

Revenue 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance, 20% on reducing balance and 15% on reducing balance

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 statement of financial position date.

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 73 (2023 - 78 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Office &

to

field

property

equipment

Library

£

£

£

COST

At 1 January 2024

1,300

256,902

23,122

Additions

-

4,825

-

Disposals

-

-

-

At 31 December 2024

1,300

261,727

23,122

DEPRECIATION

At 1 January 2024

665

102,431

21,131

Charge for year

96

23,382

199

Eliminated on disposal

-

-

-

At 31 December 2024

761

125,813

21,330

NET BOOK VALUE

At 31 December 2024

539

135,914

1,792

At 31 December 2023

635

154,471

1,991

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

299,321

129,355

710,000

Additions

19,990

3,260

28,075

Disposals

(13,990

)

-

(13,990

)

At 31 December 2024

305,321

132,615

724,085

DEPRECIATION

At 1 January 2024

157,126

66,450

347,803

Charge for year

34,745

16,339

74,761

Eliminated on disposal

(7,441

)

-

(7,441

)

At 31 December 2024

184,430

82,789

415,123

NET BOOK VALUE

At 31 December 2024

120,891

49,826

308,962

At 31 December 2023

142,195

62,905

362,197

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

Motor

vehicles

£

COST

At 1 January 2024

29,695

Transfer to ownership

(29,695

)

At 31 December 2024

-

DEPRECIATION

At 1 January 2024

20,299

Transfer to ownership

(20,299

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

9,396

5.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

687,422

1,048,198

Amounts due on contracts

162,432

506,452

Other debtors

97,359

42,010

947,213

1,596,660

Amounts falling due after more than one year:

Other debtors

4,562

3,050

Aggregate amounts

951,775

1,599,710

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

50,000

50,000

Hire purchase contracts (see note 8)

-

764

Trade creditors

47,396

301,495

Taxation and social security

219,201

310,708

Other creditors

64,746

56,107

381,343

719,074

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

20,833

70,833

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2024

2023

£

£

Net obligations repayable:

Within one year

-

764

Non-cancellable

operating leases

2024

2023

£

£

Within one year

71,879

14,640

Between one and five years

45,254

3,660

117,133

18,300

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Dr C Waddington

Balance outstanding at start of year

-

-

Amounts advanced

25,000

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

25,000

-

Interest of 2.25% is charged on the loan.

The loan is repayable within 9 months of the Company's year end.