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

REGISTERED NUMBER: 08614652 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31 July 2021

for

Archway Facilities Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Ms S Jackeviciene

REGISTERED OFFICE:

1 Pinhoe Road

Exeter

Devon

EX4 7HP

REGISTERED NUMBER:

08614652 (England and Wales)

ACCOUNTANTS:

Bromhead

Harscombe House

1 Darklake View

Plymouth

Devon

PL6 7TL

FIXED ASSETS

Tangible assets

4

10,759

3,653

CURRENT ASSETS

Debtors

5

260,102

216,975

Cash at bank

172,492

120,320

432,594

337,295

CREDITORS

Amounts falling due within one year

6

248,190

165,497

NET CURRENT ASSETS

184,404

171,798

TOTAL ASSETS LESS CURRENT LIABILITIES

195,163

175,451

CREDITORS

Amounts falling due after more than one year

7

(43,336

)

(48,333

)

PROVISIONS FOR LIABILITIES

(2,044

)

(694

)

NET ASSETS

149,783

126,424

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

149,683

126,324

149,783

126,424

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2021 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 1 April 2022 and were signed by:

Ms S Jackeviciene - Director

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 77 (2020 - 62 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2020

9,177

Additions

9,030

At 31 July 2021

18,207

DEPRECIATION

At 1 August 2020

5,524

Charge for year

1,924

At 31 July 2021

7,448

NET BOOK VALUE

At 31 July 2021

10,759

At 31 July 2020

3,653

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.21

31.7.20

£

£

Trade debtors

133,618

59,484

Other debtors

126,484

157,491

260,102

216,975

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.21

31.7.20

£

£

Bank loans and overdrafts

5,741

1,667

Trade creditors

7,569

7,620

Taxation and social security

128,654

99,770

Other creditors

106,226

56,440

248,190

165,497

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.21

31.7.20

£

£

Bank loans

43,336

48,333

8.	OTHER FINANCIAL COMMITMENTS

Total financial commitments which are not included in the balance sheet amount to £14,950 (2020-£22,750).

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2021 and 31 July 2020:

31.7.21

31.7.20

£

£

Ms S Jackeviciene

Balance outstanding at start of year

4,707

-

Amounts advanced

40,360

195,420

Amounts repaid

(68,707

)

(190,713

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(23,640

)

4,707

The above loan is repayable on demand and interest is charged at HMRC official rate.

10.	RELATED PARTY DISCLOSURES

As at 31 July 2021 a total of £100,000 (2020: £100,000) is outstanding from DSJ Property Development Limited, a company in which S Jackeviciene is also a director. This amount is included in other debtors and the loan is interest free.

As at 31 July 2021 a total of £10,000 (2020: £10,000) is outstanding from Darcom Limited, a company in which S Jackeviciene is also a director. This amount is included in other debtors and the loan is interest free and repayable on demand.