ARCHERDALE_LIMITED - Accounts

ARCHERDALE LIMITED - Company Information

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ARCHERDALE LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

Company Registration No. 01697158 (England and Wales)

ARCHERDALE LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 5

ARCHERDALE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

248,761

130,443

Investments

248,762

130,444

Current assets

Stocks

398,789

437,528

Debtors

420,430

426,256

Cash at bank and in hand

110,673

24,786

929,892

888,570

Creditors: amounts falling due within one year

(804,239)

(744,854)

Net current assets

125,653

143,716

Total assets less current liabilities

374,415

274,160

Creditors: amounts falling due after more than one year

(58,838)

Provisions for liabilities

(44,865)

(19,621)

270,712

254,539

Capital and reserves

Called up share capital

3,600

Other reserves

1,400

Profit and loss account

265,712

249,539

Shareholders' funds

270,712

254,539

ARCHERDALE LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2014

- 2 -

For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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;

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 abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 29 May 2014

Mr G A Brown

Director

Company Registration No. 01697158

ARCHERDALE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

10% and 33% reducing balance

Motor vehicles

25% reducing balance

1.4

Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.6

Stock

Stock is valued at the lower of cost and net realisable value.

1.7

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.8

Deferred taxation

Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.9

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

1.10

Government grants

Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

ARCHERDALE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2014

Accounting policies

(Continued)

- 4 -

1.11

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has not exercised the option provided by section 398 of the Companies Act 2006 to prepare group accounts.

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 April 2013

344,481

344,482

Additions

149,936

Disposals

(7,075)

At 31 March 2014

487,342

487,343

Depreciation

At 1 April 2013

214,037

On disposals

(4,368)

Charge for the year

28,912

At 31 March 2014

238,581

Net book value

At 31 March 2014

248,761

248,762

At 31 March 2013

130,443

130,444

The investment above relates to Poplar Engineering Company Limited, a wholly owned dormant subsidiary.

Share capital

2014

2013

Allotted, called up and fully paid

3,600 Ordinary shares of £1 each

3,600

Related party relationships and transactions

ARCHERDALE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2014

Related party relationships and transactions

(Continued)

- 5 -

Loans from directors

Transactions in relation to loans with directors during the year are outlined in the table below:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Mr G A Brown - Directors Loan Account

8,557

78,494

77,570

9,481

Mr W C Smith - Directors Loan Account

1,854

17,650

19,671

(167)

Mr P A Crosby - Directors Loan Account

2,616

9,689

9,444

2,861

Mr T J Graham - Directors Loan Account

1,830

17,903

17,135

2,598

14,857

123,736

123,820

14,773