Archway Facilities Ltd - Accounts to registrar (filleted) - small 18.2

Archway Facilities Ltd - Accounts to registrar (filleted) - small 18.2

ARCHWAY FACILITIES LTD - Company Information

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REGISTERED NUMBER: 08614652 (England and Wales)








Unaudited Financial Statements

For The Year Ended 31 July 2020

for

Archway Facilities Ltd
Archway Facilities Ltd (Registered number: 08614652)






Contents of the Financial Statements
For The Year Ended 31 July 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Archway Facilities Ltd

Company Information
For The Year Ended 31 July 2020







DIRECTOR: Ms S Jackeviciene





REGISTERED OFFICE: 2 Capital Court
Bittern Road
Exeter
Devon
EX2 7FW





REGISTERED NUMBER: 08614652 (England and Wales)





ACCOUNTANTS: Bromhead
Harscombe House
1 Darklake View
Plymouth
Devon
PL6 7TL
Page 1
Archway Facilities Ltd (Registered number: 08614652)

Balance Sheet
31 July 2020

31.7.20 31.7.19
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,653 2,706

CURRENT ASSETS
Debtors 5 216,975 154,607
Cash at bank 120,320 98,820
337,295 253,427
CREDITORS
Amounts falling due within one year 6 165,497 211,045
NET CURRENT ASSETS 171,798 42,382
TOTAL ASSETS LESS CURRENT
LIABILITIES
175,451
45,088

CREDITORS
Amounts falling due after more than one
year
7
(48,333
)
-

PROVISIONS FOR LIABILITIES (694 ) (460 )
NET ASSETS 126,424 44,628

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 126,324 44,528
126,424 44,628

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 3 March 2021 and were signed by:





Ms S Jackeviciene - Director


The notes form part of these financial statements

Page 2
Archway Facilities Ltd (Registered number: 08614652)

Notes to the Financial Statements
For The Year Ended 31 July 2020

1. STATUTORY INFORMATION

Archway Facilities 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.

COVID-19
The coronavirus pandemic has had an impact on the company's turnover since the outbreak in March 2020. The company has however received assistance in the form of Job Retention Scheme and council grants. Due to the nature of the company's trade, turnover has since recovered well and as a result, the director does not expect there to be any long term impact on the viability of the business.

Turnover
Turnover 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.
Plant and machinery etc - 25% 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 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
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 62 (2019 - 71 ) .

Page 3 continued...
Archway Facilities Ltd (Registered number: 08614652)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2020

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2019 7,012
Additions 2,165
At 31 July 2020 9,177
DEPRECIATION
At 1 August 2019 4,306
Charge for year 1,218
At 31 July 2020 5,524
NET BOOK VALUE
At 31 July 2020 3,653
At 31 July 2019 2,706

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.20 31.7.19
£    £   
Trade debtors 59,484 152,904
Other debtors 157,491 1,703
216,975 154,607

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.20 31.7.19
£    £   
Trade creditors 7,620 4,960
Taxation and social security 99,770 99,799
Other creditors 58,107 106,286
165,497 211,045

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.20 31.7.19
£    £   
Other creditors 48,333 -

8. OTHER FINANCIAL COMMITMENTS

Total financial commitments which are not included in the balance sheet amount to £24,050 (2019: nil).

Page 4 continued...
Archway Facilities Ltd (Registered number: 08614652)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2020

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2020 and 31 July 2019:

31.7.20 31.7.19
£    £   
Ms S Jackeviciene
Balance outstanding at start of year - -
Amounts advanced 195,420 -
Amounts repaid (190,713 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,707 -

10. RELATED PARTY DISCLOSURES

During the year the company made a loan of £100,000 to DSJ Property Development Limited, a company in which S Jackeviciene is also a director. The loan is interest free. As at 31 July 2020 £100,000 is outstanding and is included in other debtors.

During the year the company made a loan of £10,000 to Darcom Limited, a company in which S Jackeviciene is also a director. The loan is interest free and repayable on demand. As at 31 July 2020 £10,000 is outstanding and is included in other debtors.

Page 5