Architen Landrell Manufacturing Limited Filleted accounts for Companies House (small and micro)

ARCHITEN LANDRELL MANUFACTURING LIMITED - Company Information

22 false false false false false false false false false true false false false false false false No description of principal activity 2020-05-01 Sage Accounts Production Advanced 2021 - FRS102_2021 238,555 50,000 288,555 27,006 26,006 53,012 235,543 211,549 5,379 5,379 5,379 xbrli:pure xbrli:shares iso4217:GBP 01759047 2020-05-01 2021-04-30 01759047 2021-04-30 01759047 2020-04-30 01759047 2019-05-01 2020-04-30 01759047 2020-04-30 01759047 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2020-05-01 2021-04-30 01759047 core:FurnitureFittings 2020-05-01 2021-04-30 01759047 core:MotorVehicles 2020-05-01 2021-04-30 01759047 bus:Director3 2020-05-01 2021-04-30 01759047 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2020-04-30 01759047 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2021-04-30 01759047 core:PlantMachinery 2020-04-30 01759047 core:FurnitureFittings 2020-04-30 01759047 core:MotorVehicles 2020-04-30 01759047 core:PlantMachinery 2021-04-30 01759047 core:FurnitureFittings 2021-04-30 01759047 core:MotorVehicles 2021-04-30 01759047 core:PlantMachinery 2020-05-01 2021-04-30 01759047 core:WithinOneYear 2021-04-30 01759047 core:WithinOneYear 2020-04-30 01759047 core:AfterOneYear 2021-04-30 01759047 core:AfterOneYear 2020-04-30 01759047 core:ShareCapital 2021-04-30 01759047 core:ShareCapital 2020-04-30 01759047 core:CapitalRedemptionReserve 2021-04-30 01759047 core:CapitalRedemptionReserve 2020-04-30 01759047 core:RetainedEarningsAccumulatedLosses 2021-04-30 01759047 core:RetainedEarningsAccumulatedLosses 2020-04-30 01759047 core:BetweenOneFiveYears 2021-04-30 01759047 core:BetweenOneFiveYears 2020-04-30 01759047 core:MoreThanFiveYears 2020-04-30 01759047 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2020-04-30 01759047 core:CostValuation core:Non-currentFinancialInstruments 2021-04-30 01759047 core:Non-currentFinancialInstruments 2021-04-30 01759047 core:Non-currentFinancialInstruments 2020-04-30 01759047 core:PlantMachinery 2020-04-30 01759047 core:FurnitureFittings 2020-04-30 01759047 core:MotorVehicles 2020-04-30 01759047 core:LeasedAssetsHeldAsLessee core:MotorVehicles 2021-04-30 01759047 core:LeasedAssetsHeldAsLessee core:MotorVehicles 2020-04-30 01759047 bus:SmallEntities 2020-05-01 2021-04-30 01759047 bus:AuditExemptWithAccountantsReport 2020-05-01 2021-04-30 01759047 bus:FullAccounts 2020-05-01 2021-04-30 01759047 bus:SmallCompaniesRegimeForAccounts 2020-05-01 2021-04-30 01759047 bus:PrivateLimitedCompanyLtd 2020-05-01 2021-04-30

COMPANY REGISTRATION NUMBER: 01759047

ARCHITEN LANDRELL MANUFACTURING LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

30 April 2021

ARCHITEN LANDRELL MANUFACTURING LIMITED

FINANCIAL STATEMENTS

Year ended 30 April 2021

CONTENTS	PAGE

Balance sheet	1

Notes to the financial statements	3

ARCHITEN LANDRELL MANUFACTURING LIMITED

BALANCE SHEET

30 April 2021

	2021	2020
Note	£	£

FIXED ASSETS

Intangible assets	5	235,543	211,549
Tangible assets	6	310,862	211,408
Investments	7	5,379	5,379
		---------	---------
		551,784	428,336

CURRENT ASSETS

Stocks		194,974	114,604
Debtors	8	1,208,970	1,145,105
Cash at bank and in hand		1,502,452	1,507,630
		------------	------------
		2,906,396	2,767,339

CREDITORS: amounts falling due within one year	9	( 1,313,957)	( 1,295,853)
		------------	------------
NET CURRENT ASSETS		1,592,439	1,471,486
		------------	------------
TOTAL ASSETS LESS CURRENT LIABILITIES		2,144,223	1,899,822

CREDITORS: amounts falling due after more than one year	10	( 234,486)	( 21,473)

PROVISIONS	( 56,202)	( 36,020)
	------------	------------
NET ASSETS	1,853,535	1,842,329
	------------	------------

CAPITAL AND RESERVES

Called up share capital	4,800	4,800
Capital redemption reserve	135,200	135,200
Profit and loss account	1,713,535	1,702,329
	------------	------------
SHAREHOLDERS FUNDS	1,853,535	1,842,329
	------------	------------

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 profit and loss account has not been delivered.

For the year ending 30 April 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

ARCHITEN LANDRELL MANUFACTURING LIMITED

BALANCE SHEET (continued)

30 April 2021

These financial statements were approved by the board of directors and authorised for issue on 27 January 2022 , and are signed on behalf of the board by:

Mr C L Rowell
Director

Company registration number: 01759047

ARCHITEN LANDRELL MANUFACTURING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

Year ended 30 April 2021

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Station Road, Chepstow, Monmouthshire, NP16 5PF.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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 profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

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.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Other intangible assets	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Research and development

Research expenditure is written off in the period in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale; - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	10% to 15% straight line
Fixtures and fittings	-	25% straight line
Motor vehicles	-	25% straight line
Short leasehold property improvements	-	7 years straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Investments in joint ventures

Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.

Impairment of fixed assets

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. For the purposes of impairment testing, 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 largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

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 stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

Construction contracts

Where the outcome of construction contracts can be reliably estimated, contract revenue and contract costs are recognised by reference to the stage of completion of the contract activity as at the period end. Where the outcome of construction contracts cannot be estimated reliably, revenue is recognised to the extent of contract costs incurred that it is probable will be recoverable, and contract costs are recognised as an expense in the period in which they are incurred. The entity uses the percentage of completion method to determine the amounts to be recognised in the period. The stage of completion is measured by reference to the contract costs incurred up to the end of the reporting period as a percentage of total estimated costs for each contract. Costs incurred for work performed to date do not include costs relating to future activity, such as for materials or prepayments.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 22 (2020: 25 ).

5. INTANGIBLE ASSETS

	Development costs
	£
Cost
At 1 May 2020	238,555
Additions	50,000
	---------
At 30 April 2021	288,555
	---------
Amortisation
At 1 May 2020	27,006
Charge for the year	26,006
	---------
At 30 April 2021	53,012
	---------
Carrying amount
At 30 April 2021	235,543
	---------
At 30 April 2020	211,549
	---------

6. TANGIBLE ASSETS

	Plant and machinery	Fixtures and fittings	Motor vehicles	Leasehold property improvements	Total
	£	£	£	£	£
Cost
At 1 May 2020	930,213	511,259	45,690	89,771	1,576,933
Additions	4,250	8,253	144,227	–	156,730
Disposals	( 100,000)	–	–	–	( 100,000)
	---------	---------	---------	--------	------------
At 30 April 2021	834,463	519,512	189,917	89,771	1,633,663
	---------	---------	---------	--------	------------
Depreciation
At 1 May 2020	847,705	486,591	15,230	15,999	1,365,525
Charge for the year	14,392	9,622	20,437	12,825	57,276
Disposals	( 100,000)	–	–	–	( 100,000)
	---------	---------	---------	--------	------------
At 30 April 2021	762,097	496,213	35,667	28,824	1,322,801
	---------	---------	---------	--------	------------
Carrying amount
At 30 April 2021	72,366	23,299	154,250	60,947	310,862
	---------	---------	---------	--------	------------
At 30 April 2020	82,508	24,668	30,460	73,772	211,408
	---------	---------	---------	--------	------------

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Motor vehicles
	£
At 30 April 2021	19,038
	--------
At 30 April 2020	30,460
	--------

7. INVESTMENTS

	Shares in group undertakings
	£
Cost
At 1 May 2020 and 30 April 2021	5,379
	-------
Impairment
At 1 May 2020 and 30 April 2021	–
	-------

Carrying amount
At 30 April 2021	5,379
	-------
At 30 April 2020	5,379
	-------

8. DEBTORS

	2021	2020
	£	£
Trade debtors	973,548	716,459
Amounts owed by group undertakings and undertakings in which the company has a participating interest	174,040	55,004
Other debtors	61,382	373,642
	------------	------------
	1,208,970	1,145,105
	------------	------------

9. CREDITORS: amounts falling due within one year

	2021	2020
	£	£
Bank loans and overdrafts	25,000	–
Trade creditors	472,587	104,022
Amounts owed to group undertakings and undertakings in which the company has a participating interest	11,005	11,005
Social security and other taxes	242,650	379,198
Other creditors	562,715	801,628
	------------	------------
	1,313,957	1,295,853
	------------	------------

The above includes secured creditors of £11,988 (2020 - £10,288).

10. CREDITORS: amounts falling due after more than one year

	2021	2020
	£	£
Bank loans and overdrafts	225,000	–
Other creditors	9,486	21,473
	---------	--------
	234,486	21,473
	---------	--------

Included within creditors: amounts falling due after more than one year is an amount of £25,000 (2020: £Nil) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

The bank loan is repayable in equal monthly instalments ending in October 2026. The bank loan carries a variable interest rate at the Bank of England base rate plus 2.38%.

The above includes secured creditors of £9,486 (2020 - £21,473).

11. OPERATING LEASES

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2021	2020
	£	£
Not later than 1 year	30,000	32,520
Later than 1 year and not later than 5 years	120,000	123,780
Later than 5 years	–	30,000
	---------	---------
	150,000	186,300
	---------	---------

12. RELATED PARTY TRANSACTIONS

The company has taken advantage of the exemption provided by Section 33 of Financial Reporting Standard 102 from the requirement to disclose transactions between wholly owned members of the same group. Included within other creditors is £3,971 (2020 - £119,286) due to directors.