Company Registration No. 09047188 (England and Wales)
M Archer Trading Limited
Unaudited accounts
for the year ended 31 May 2017
M Archer Trading Limited
Unaudited accounts
Contents
M Archer Trading Limited
Company Information
for the year ended 31 May 2017
Directors
M Archer
J Archer
Company Number
09047188 (England and Wales)
Registered Office
UNIT 19 VICTORIA INDUSTRIAL PARK
VICTORIA ROAD
DARTFORD
KENT
DA1 5AJ
UK
Accountants
Dunnell Accounting
49 Mandeville Close
Vanbrugh Park
Blackheath
London
SE3 7AH
M Archer Trading Limited
Statement of financial position
as at
31 May 2017
Intangible assets
8,973
8,504
Tangible assets
26,031
30,042
Cash at bank and in hand
53,701
41,766
Creditors: amounts falling due within one year
(15,921)
(28,371)
Net current assets
40,125
13,395
Called up share capital
2
2
Profit and loss account
75,127
51,939
Shareholders' funds
75,129
51,941
For the year ending 31 May 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 26 February 2018.
M Archer
Director
Company Registration No. 09047188
M Archer Trading Limited
Notes to the Accounts
for the year ended 31 May 2017
M Archer Trading Limited is a private company, limited by shares, registered in England and Wales, registration number 09047188. The registered office is UNIT 19 VICTORIA INDUSTRIAL PARK, VICTORIA ROAD, DARTFORD, KENT, DA1 5AJ, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 May 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Motor vehicles
25% Reducing Balance
Computer equipment
25% Straight Line
Intangible fixed assets (including websites and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
M Archer Trading Limited
Notes to the Accounts
for the year ended 31 May 2017
4
Intangible fixed assets
Other
Charge for the year
2,303
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2016
7,352
29,032
9,790
46,174
Additions
7,053
-
104
7,157
At 31 May 2017
14,405
29,032
9,894
53,331
At 1 June 2016
3,954
8,658
3,520
16,132
Charge for the year
3,601
5,093
2,474
11,168
At 31 May 2017
7,555
13,751
5,994
27,300
At 31 May 2017
6,850
15,281
3,900
26,031
At 31 May 2016
3,398
20,374
6,270
30,042
7
Creditors: amounts falling due within one year
2017
2016
Taxes and social security
(14)
(12,971)
Other creditors
2,412
1,500
Loans from directors
721
39,842
M Archer Trading Limited
Notes to the Accounts
for the year ended 31 May 2017
8
Share capital
2017
2016
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Average number of employees
During the year the average number of employees was 4 (2016: 3).