ARCHER FINISHING LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Ms M J Hunter

REGISTERED OFFICE:

Unit A Coronation Building

Wallops Woods

Sheardly Lane

Droxford

Hampshire

SO32 3QY

REGISTERED NUMBER:

09085782 (England and Wales)

ACCOUNTANTS:

Compass Accountants Limited

Chartered Accountants

Venture House

The Tanneries

East Street

Titchfield

Hampshire

PO14 4AR

BANKERS:

Santander

21 Prescot Street

London

E1 8AD

FIXED ASSETS

Intangible assets

2

1

1

Tangible assets

3

669

599

670

600

CURRENT ASSETS

Stocks

7,595

7,505

Debtors

33,745

20,215

Cash at bank

1,163

4,725

42,503

32,445

CREDITORS

Amounts falling due within one year

43,552

29,408

NET CURRENT (LIABILITIES)/ASSETS

(1,049

)

3,037

TOTAL ASSETS LESS CURRENT LIABILITIES

(379

)

3,637

PROVISIONS FOR LIABILITIES

63

33

NET (LIABILITIES)/ASSETS

(442

)

3,604

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

(444

)

3,602

SHAREHOLDERS' FUNDS

(442

)

3,604

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 27 April 2017 and were signed by:

Ms M J Hunter - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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

-

25% on cost

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Going concern

The financial statements for the year ended 30 June 2016 have been prepared on a going concern basis. In

making this going concern assessment, all available information about the foreseeable future has been taken

into account.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

and 30 June 2016

1

NET BOOK VALUE

At 30 June 2016

1

At 30 June 2015

1

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

730

Additions

337

At 30 June 2016

1,067

DEPRECIATION

At 1 July 2015

131

Charge for year

267

At 30 June 2016

398

NET BOOK VALUE

At 30 June 2016

669

At 30 June 2015

599

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

2

Ordinary

£1

2

2