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Unaudited Financial Statements for the Year Ended 29 September 2021 |
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Archer Ventures Limited |
REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 29 September 2021 |
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for |
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Archer Ventures Limited |
Archer Ventures Limited (Registered number: 08201335) |
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Contents of the Financial Statements |
for the Year Ended 29 September 2021 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Archer Ventures Limited |
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Company Information |
for the Year Ended 29 September 2021 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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2 Church Street |
Burnham |
Buckinghamshire |
SL1 7HZ |
Archer Ventures Limited (Registered number: 08201335) |
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Balance Sheet |
29 September 2021 |
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29.9.21 | 29.9.20 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investments | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
8 |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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The director acknowledges his 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. |
Archer Ventures Limited (Registered number: 08201335) |
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Balance Sheet - continued |
29 September 2021 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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Archer Ventures Limited (Registered number: 08201335) |
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Notes to the Financial Statements |
for the Year Ended 29 September 2021 |
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1. | STATUTORY INFORMATION |
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Archer Ventures Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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. |
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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. |
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Research and development |
Expenditure on research and development is written off in the year in which it is incurred. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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Archer Ventures Limited (Registered number: 08201335) |
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Notes to the Financial Statements - continued |
for the Year Ended 29 September 2021 |
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 30 September 2020 |
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Additions |
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At 29 September 2021 |
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DEPRECIATION |
At 30 September 2020 |
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Charge for year |
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At 29 September 2021 |
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NET BOOK VALUE |
At 29 September 2021 |
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At 29 September 2020 |
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5. | FIXED ASSET INVESTMENTS |
Other |
investments |
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COST |
At 30 September 2020 |
and 29 September 2021 |
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NET BOOK VALUE |
At 29 September 2021 |
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At 29 September 2020 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.9.21 | 29.9.20 |
£ | £ |
Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.9.21 | 29.9.20 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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Archer Ventures Limited (Registered number: 08201335) |
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Notes to the Financial Statements - continued |
for the Year Ended 29 September 2021 |
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8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
29.9.21 | 29.9.20 |
£ | £ |
Bank loans |
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Other creditors |
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Amounts falling due in more than five years: |
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Repayable otherwise than by instalments |
Preference shares |
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9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 29 September 2021 and 29 September 2020: |
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29.9.21 | 29.9.20 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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During the year a loan was made to the director, interest has been charged on this loan at the official HMRC beneficial loan interest rates. |