Company registration number:
05502150
Archers Developments Ltd
Unaudited filleted financial statements
31 July 2025
Archers Developments Ltd
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Archers Developments Ltd
Directors and other information
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Directors |
K. Hatherly |
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P. Challis |
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Secretary |
J. Hatherly |
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Company number |
05502150 |
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Registered office |
Archers |
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Lower Green |
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Saffron Walden |
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CB10 2XH |
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Business address |
Archers |
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Lower Green |
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Saffron Walden |
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CB10 2XH |
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Accountants |
Hill Allen (Wickford) Ltd |
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Office 1 Riverside Court |
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24 Lower Southend Road |
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Wickford |
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SS11 8AW |
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Archers Developments Ltd
Statement of financial position
31 July 2025
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2025 |
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2024 |
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Note |
£ |
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£ |
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£ |
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£ |
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Current assets |
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Stocks |
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1,066,253 |
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770,090 |
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Debtors |
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4 |
20,788 |
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6,925 |
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Cash at bank and in hand |
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13,776 |
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51,343 |
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_______ |
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_______ |
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1,100,817 |
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828,358 |
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Creditors: amounts falling due |
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within one year |
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5 |
(
439,521) |
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(
244,917) |
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_______ |
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_______ |
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Net current assets |
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661,296 |
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583,441 |
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_______ |
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_______ |
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Total assets less current liabilities |
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661,296 |
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583,441 |
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Creditors: amounts falling due |
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after more than one year |
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6 |
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(
586,610) |
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(
597,391) |
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_______ |
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_______ |
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Net assets/(liabilities) |
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74,686 |
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(
13,950) |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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10 |
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10 |
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Profit and loss account |
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74,676 |
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(
13,960) |
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_______ |
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Shareholders funds/(deficit) |
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74,686 |
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(
13,950) |
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_______ |
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_______ |
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For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
28 April 2026
, and are signed on behalf of the board by:
K. Hatherly
Director
Company registration number:
05502150
Archers Developments Ltd
Notes to the financial statements
Year ended 31 July 2025
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Archers, Lower Green, Saffron Walden, CB10 2XH.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland.The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4.
Debtors
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2025 |
2024 |
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£ |
£ |
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Other debtors |
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20,788 |
6,925 |
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_______ |
_______ |
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5.
Creditors: amounts falling due within one year
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2025 |
2024 |
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£ |
£ |
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Bank loans and overdrafts |
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9,245 |
8,806 |
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Trade creditors |
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49,581 |
45,132 |
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Corporation tax |
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63,481 |
35,874 |
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Social security and other taxes |
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14,078 |
- |
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Other creditors |
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303,136 |
155,105 |
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_______ |
_______ |
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439,521 |
244,917 |
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_______ |
_______ |
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6.
Creditors: amounts falling due after more than one year
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2025 |
2024 |
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£ |
£ |
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Bank loans and overdrafts |
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586,610 |
597,391 |
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_______ |
_______ |
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7.
Controlling party
The company is controlled by the director
K Hatherly
by virtue of their shareholdings.