REGISTERED NUMBER: 14509246 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

ARCHER TECHNOLOGIES UK LIMITED

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

Directors:

Mr G J Scalo

Mr W R Razzino

Registered office:

Suite 2, First floor

10 Temple back

Bristol

BS1 6FL

Registered number:

14509246 (England and Wales)

Auditors:

Hayvenhursts Limited

Fairway House

Links Business Park

St Mellons

Cardiff

CF3 0LT

FIXED ASSETS

Intangible assets

4

252,952

252,952

Tangible assets

5

20,107

23,359

273,059

276,311

CURRENT ASSETS

Debtors

6

1,709,958

1,175,526

Cash at bank

243,318

831,857

1,953,276

2,007,383

CREDITORS

Amounts falling due within one year

7

(1,370,897

)

(1,956,605

)

NET CURRENT ASSETS

582,379

50,778

TOTAL ASSETS LESS CURRENT LIABILITIES

855,438

327,089

CAPITAL AND RESERVES

Called up share capital

102

102

Retained earnings

855,336

326,987

SHAREHOLDERS' FUNDS

855,438

327,089

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 Board of Directors and authorised for issue on 27 October 2025 and were signed on its behalf by:

Mr W R Razzino - Director

1.	STATUTORY INFORMATION

Archer Technologies UK 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 company’s functional and presentational currency is pounds sterling (GBP) and the financial statements have been rounded to the nearest pound (£).

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents amounts charged to a group company (Archer Technologies Ireland Limited) under an agreement for sales and marketing support, excluding value added tax. Turnover is recognised when chargeable costs are incurred.

Intangible assets

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

Tangible fixed assets

Tangible assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs and borrowing costs capitalised.

Depreciation is provided at the following annual rates on a straight-line basis in order to write off each asset over its estimated useful life.

Computer Equipment - 33% on straight line basis.

The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

Repairs, maintenance and minor inspection costs are expensed as incurred.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities

Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction price.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 36 (2024 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

Cost

At 1 February 2024

and 31 January 2025

252,952

Net book value

At 31 January 2025

252,952

At 31 January 2024

252,952

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

Cost

At 1 February 2024

58,724

Additions

18,095

At 31 January 2025

76,819

Depreciation

At 1 February 2024

35,365

Charge for year

21,347

At 31 January 2025

56,712

Net book value

At 31 January 2025

20,107

At 31 January 2024

23,359

6.

DEBTORS

31/1/25

31/1/24

£

£

Amounts falling due within one year:

Amounts owed by group undertakings

704,055

183,559

Other debtors

726,547

750,730

1,430,602

934,289

Amounts falling due after more than one year:

Long term deposits

245,166

241,237

Other debtors

34,190

-

279,356

241,237

Aggregate amounts

1,709,958

1,175,526

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/25

31/1/24

£

£

Trade creditors

150,609

456,253

Taxation and social security

231,024

112,916

Other creditors

989,264

1,387,436

1,370,897

1,956,605

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the auditors was unqualified.

Gareth Williams (Senior Statutory Auditor)

for and on behalf of Hayvenhursts Limited

9.	ULTIMATE CONTROLLING PARTY

The immediate parent company is Archer Foreign Holdings Limited, a company incorporated in United Kingdom.

The ultimate controlling party is Cinven situated in United Kingdom.