ARCHERDALE_LIMITED - Accounts
ARCHERDALE_LIMITED - Accounts
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
Company Registration No. 01697158 (England and Wales)
COMPANY INFORMATION
Directors
Secretary
Company number
Registered office
Accountants
Business address
Hirstwood Works
Hirstwood Road
Shipley
BD18 4BU
Bankers
Barclays Bank plc
Leicester
LE87 2BB
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
Investments
2
Current assets
Stocks
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
(910,271 )
(804,239 )
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more than one year
(41,346 )
(58,838 )
Provisions for liabilities
(48,990 )
(44,865 )
Capital and reserves
Called up share capital
3
Other reserves
Profit and loss account
Shareholders' funds
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2015
- 2 -
Directors' responsibilities:
-
-
Approved by the Board and authorised for issue on 21 May 2015
Director
Company Registration No. 01697158
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 3 -
1
Accounting policies
1.1
Accounting convention
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
1.4
Tangible fixed assets and depreciation
Plant and machinery
Motor vehicles
1.5
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.
1.6
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.7
Stock
Stock is valued at the lower of cost and net realisable value.
1.8
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.
1.9
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.
1.10
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.
1.11
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.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
1
Accounting policies
(Continued)
- 4 -
1.12
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 therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 April 2014
1
487,343
Additions
-
58,303
Disposals
(14,362 )
-
(14,362)
At 31 March 2015
1
531,284
Depreciation
At 1 April 2014
-
238,581
On disposals
(6,781 )
-
(6,781)
Charge for the year
-
40,254
At 31 March 2015
-
272,054
Net book value
At 31 March 2015
259,230
At 31 March 2014
248,762
The investment above relates to Poplar Engineering Company Limited, a wholly owned dormant subsidiary.
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
The Ordinary shares, Ordinary-A shares, Ordinary-B shares, Ordinary-C shares, Ordinary-D, Ordinary-E and Ordinary-F shares rank pari passu regards to rights to dividend, voting rights and distribution of profits on winding up.